Havaianas used to make top quality flip flops.
Since then they have changed.
Theyve gone from being the best.
To being poor.
They used to last forever.
Now they last a few months.
You work to get to number 1 in the market.
Then let it go to save a few bucks.
Hallmarks of selling out to hedgefund at somepoint?
I dont know.
A quick Google shows they did sell out.
Approx 4 years.
They are not what they used to be.