Alpargatas announced this Monday (1) that it has received a binding offer from Grupo Dass to sell its 60% stake in the Osklen brand, in a transaction that values the company at up to R$400 million.
Grupo Dass has rights over the Fila and Umbro brands. The offer, according to Alpargatas, involves a fixed portion of BRL 300 million, to be paid in three installments, and a variable portion of up to BRL 100 million, “conditioned to the achievement of certain goals during the years of 2022 and 2023. Payment will be made within four years of receipt of the proposal, with due monetary correction, in proportion to the participation of the company (Alpargatas)”.
In September, the CEO of Alpargatas, Beto Funari, told Reuters that it was a brand that was part of the company’s “power house strategy”.
On Monday, Alpargatas stated that the sale of its share in the brand “is in line with the strategic planning, which foresees organic growth, through the expansion of Havaianas (…) and also the inorganic growth of the company, through new brands , new products or new digital solutions”.
Reference: CNN Brasil