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Announced

Alpargatas to acquire 49.9% stake in Rothy's for $475m.

Financials

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Transaction Value£359m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Pending

Luxury Items

Friendly

Acquisition

Single Bidder

United States

lifestyle brand

Minority

Cross Border

Synopsis

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Alpargatas, a Brazilian lifestyle brand, agreed to acquire 49.9% stake in Rothy's, an innovative sustainable lifestyle brand, for $475m. "We are excited to welcome Rothy's to our portfolio, and admire Rothy's entrepreneurial, passionate founders and team. We value their digital-first business and loyal customer base, and view this partnership as an important opportunity to advance our global strategy with increased relevance in the North American market. We are eager to work with Stephen, Roth and the entire Rothy's team to expand the brand's community all over the world through new retail and ecommerce channels," Roberto Funari, Alpargatas CEO.

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