Monday, July 17, 2017


It is one of the simplest shoes on the planet: a piece of plastic, roughly the outline of your foot, with a crude strap holding the sole to your toes.
Yet Brazil's Havaianas brand took the humble flip-flop to new heights. The company behind them was sold earlier this week for $1bn ($850m). Selling about 200 million pairs every year, it had produced a domestic and international phenomenon.

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