footwear
Footwear refers to garments worn on the feet, which typically serves the purpose of protection against adversities of the environment such as wear from ground textures and temperature. Footwear in the manner of shoes therefore primarily serves th ...
s and
canvas
Canvas is an extremely durable plain-woven fabric used for making sails, tents, marquees, backpacks, shelters, as a support for oil painting and for other items for which sturdiness is required, as well as in such fashion objects as handbags ...
s business.
Its main product is '' Havaianas'', one of the largest Brazilian brands of rubber flip-flops, since 1962.
History
It was founded in
1907
Events
January
* January 14 – 1907 Kingston earthquake: A 6.5 Mw earthquake in Kingston, Jamaica, kills between 800 and 1,000.
February
* February 11 – The French warship ''Jean Bart'' sinks off the coast of Morocco. ...
, under the original name of ''Fábrica Brasileira de Alpargatas e Calçados'', by Robert Fraser (from Scotland and Argentina), in association with an English company. Fraser had also established Alpargatas factories in Argentina and Uruguay.
It started production in the Mooca district of São Paulo (city). Already in 1909, the company - under the name ''São Paulo Alpargatas Company S.A.'' - found success in selling its products thanks to the use of sandals and canvas in coffee production.
In the 1930s, shareholding control of São Paulo Alpargatas was transferred to the Argentine company. However, in 1982, after a gradual process of nationalization of capital started in 1948, São Paulo Alpargatas ceased to have Argentine participation and passed to the control of the
Camargo Corrêa Camargo may refer to:
Places
Bolivia:
* Camargo, Chuquisaca
Brazil:
* Camargo, Rio Grande do Sul
Mexico:
* Camargo, Chihuahua
* Camargo, Tamaulipas
Spain:
* Camargo, Cantabria
United States of America:
* Camargo, Illinois
* Camargo, Kentucky ...
1999
File:1999 Events Collage.png, From left, clockwise: The funeral procession of King Hussein of Jordan in Amman; the 1999 İzmit earthquake kills over 17,000 people in Turkey; the Columbine High School massacre, one of the first major school shootin ...
, it acquired more than 3% of
Alpargatas Argentina
Alpargatas Argentina is the leading textile manufacturer in Argentina, as well as a major local distributor and exporter. Originally established in Argentina in 1883, since 2008 the company is a subsidiary of Brazilian Alpargatas S.A., formerly pa ...
, its former parent company, becoming the largest footwear company in South America, and in April of
2013
File:2013 Events Collage V2.png, From left, clockwise: Edward Snowden becomes internationally famous for leaking classified NSA wiretapping information; Typhoon Haiyan kills over 6,000 in the Philippines and Southeast Asia; The Dhaka garment fact ...
it bought all the shares of the Argentine
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
.
In 2012, Alpargatas updated its logo.
On November 2, 2015, Alpargatas sells the Topper and
Rainha
Rainha is a Brazilian sports equipment manufacturing company based in São Paulo.Carlos Wizard Martins for 48.7 million reais.
In November 2015, the Camargo Correa group sold Alpargatas to the J&F Investimentos conglomerate, owner of the JBS S.A. food company, for 2.67 billion reais.
On July 12 of
2017
File:2017 Events Collage V2.png, From top left, clockwise: The War Against ISIS at the Battle of Mosul (2016-2017); aftermath of the Manchester Arena bombing; The Solar eclipse of August 21, 2017 ("Great American Eclipse"); North Korea tests a ser ...
, the companies Cambuhy Investimentos and Brasil Warrant (both owned by the Moreira Salles family) and the Itaúsa holding purchased Alpargatas for 3.5 billion reais.{{cite web, url=http://veja.abril.com.br/economy/jf-fecha-venda-da-alpargatas-por-r-35-bilhoes/, title=Grupo J&F closes sale of Alpargatas for R$3, 5 billion, author=Reuters, date=July 12, 2017, publisher=Veja, accessdate=July 12, 2017{{cite web, url=http://economia.estadao.com.br/noticias/negocios,jef-fecha-venda-da-alpargatas-por-r-3-5-bilhoes,70001887745, title=Grupo J&F fechar venda da Alpargatas por R$ 3,5 billion, author=Fernando Scheller, date=July 12, 2017, publisher=Estadão, accessdate=July 12, 2017 The acquisition was approved by the Administrative Council for Economic Defense also in 2017.{{cite web, url=https://g1.globo.com/economia/negocios/noticia/cade-aprova-venda-da-alpargatas-do-grupo-jf-para-donos-do-itau.ghtml, title=Cade approves sale of Alpargatas from J&F group to Itaú owners, author=Redação