Rothy’s Lands New Brazilian Investor to Secure $1 Billion Valuation – Sourcing Journal

A new strategic investment is helping Bay Area footwear and accessories brand Rothy’s advance its mission to go global. Brazilian footwear and lifestyle label Alpargatas S.A. announced Monday that it would acquire a 49.9-percent minority stake in the company with the goal of fueling its growth. The two-step transaction will include a primary capital investment…

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