Alpargatas steps into India

Alpargatas steps into India

M&A Equity India Brazil

Brazil's Alpargatas said it has formed a joint venture with Periwinkle Fashion to market the Havaianas brand of flip flops in India. Alpargatas will own 51% of the new company, dubbed Alpargatas India, while Periwinkle will have 49% through its subsidiary Shoezone Lifestlye, the Brazilian shoemaker said in a securities filing. Periwinkle also has 49% of a joint venture with the Japanese lingerie company Wacoial in India. J&F Investimentos, an investment firm owned by the Batista family, wh

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