SAO PAULO, Nov 1 (Reuters) - Brazilian apparel maker
Alpargatas said on Monday it has received a binding
offer from Dass Nordeste Calçados e Artigos Esportivos SA to buy
its 60% stake in surfwear brand Osklen.
The offer puts the total Enterprise Value of Osklen at up to
400 million reais ($70.43 million), Alpargatas said in a
Alpargatas said the selling of its stake was in line with
its strategy to focus on flip-flop brand Havaianas and expand
into new brands and products.
($1 = 5.6797 reais)
(Reporting by Alberto Alerigi Jr.; writing by Stephen
Eisenhammer; editing by Chris Reese)