Business

Topper sale to Brazilian tycoon ends Alpargatas in Argentina

The president of Sforza Group, Carlos Wizard Martins, will make use of the option to keep the remaining 87.5% of Topper Argentina for a total of $64 million, Alpargatas SA announced on the Sao Paulo Stock Exchange. The Brazilian billionaire had acquired 22.5% of the shareholding package in September 2018. Since then, Alpargatas has been closing all their manufacturing plants and the business unit in Argentina after 139 years of operation.

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Source: La Nación

Categories: Business, Geopolitics