As of August , 2016 , J&F Investimentos owned 6.99 % of the common shares of Alpargatas .
Alpargatas S.A. , the largest footwear company in Brazil and manufacturer of Havaianas flip - flop sandals , is a subsidiary of J&F Investimentos .
As of August , 2016 , J&F Investimentos owned 6.99 % of the common shares of subsidiary .
Alpargatas S.A. , the largest footwear company in Brazil and manufacturer of Havaianas flip - flop sandals , is a subsidiary of J&F Investimentos .