Alpargatas says he did not receive payment of BRL 89.7 million from Wizard – 03/07/2023 – Market
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Alpargatas communicated this Tuesday (7) that Carlos Wizard failed to pay the first installment of the remaining price for the acquisition of a stake in Alpargatas SAIC in the amount of R$ 89.7 million.
The maturity of the installment was scheduled for the day before, according to an agreement signed between Wizard and the company in September 2018.
The owner of the Havaianas brand stated that it filed a lawsuit against Wizard, as well as initiated arbitration proceedings with the CAM-CCBB (Center for Arbitration and Mediation of the Brazil-Canada Chamber of Commerce).
In September 2018, Alpargatas announced an agreement to sell 22.5% of its business in Argentina to Wizard, with the right to purchase the remainder – which was exercised in 2019 by the businessman, as previously disclosed by the company.
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