The maker of Havaianas - perhaps the world's most famous brand of flip-flops - has been sold for $1.1bn ($850m). The Brazilian label has been highly successful at home and internationally ...

Yet Brazil's Havaianas brand took the humble flip-flop to new heights. The company behind them was sold earlier this week for $1bn (£780m). Selling about 200 million pairs every year, it had ...

For a long, long time, flip flops were “out ... And now, through the wrong shoe theory mist, a victor has emerged. It is Havaianas, a brand name barely whispered in fashion circles for ...