All Corporate articles – Page 20

  • News briefs

    Rumbo has gone into administration

    2020-07-28T12:10:00Z

    Rumbo has entered into a voluntary arrangement with creditors in an effort to reorganize its business. According to La Verdad, which first reported the news, the case is being processed by the Commercial Court 1 of Murcia, in southeastern Spain, where the multi-brand shoe retail group is headquartered. The legal ...

  • News briefs

    ​Showroomprivé launches €10 million capital increase

    2020-07-27T14:58:00Z

    Showroomprivé, a French online retailer specializing in flash sales, launched a €10 million rights issue guaranteed by its founders David Dayan and Thierry Petit. The proceeds will finance the company’s general expenses. As of May 31, its net cash was €12.7 million. Shareholders can obtain 22 new shares for 17 ...

  • Scarpe&scarpe
    Article

    Scarpe & Scarpe seeks debt restructuring agreement with creditors

    2020-07-25T07:20:00Z

    The Turin-based footwear and apparel retailer Scarpe & Scarpe has entered into a preliminary insolvency procedure, known pre-concordato or concordato preventivo in bianco, granting it temporary protection from creditors while seeking a debt restructuring arrangement. Usually, the procedure provides a company two to four months to reach an agreement with ...

  • Article

    Desma’s “factory of the future” is completed

    2020-07-22T08:14:00Z

    Desma Schuhmaschinen GmbH, one of the world’s leading manufacturers of machines and systems for industrial shoe manufacturing, has completed its new production and office building in just one year. The manufacturing and commercial divisions are expected to move into the new premises, which are located in Achim near Bremen, by ...

  • News briefs

    Global bankruptcies may rise by 35% over 2 yrs

    2020-07-21T09:03:00Z

    Global corporate bankruptcies are expected to rise by 35 percent in 2021 compared with 2019 because of the Covid-19 pandemic, representing an average annual compound growth of 16 percent in 2020 and 2021, an annual average similar to the one seen during the 2007-2009 crisis, according to a study from ...

  • Article

    Hotter Shoes submits debt restructuring plan to creditors

    2020-07-15T17:47:00Z

    UK footwear chain Hotter Shoes has reportedly gone ahead with plans to file a company voluntary arrangement (CVA) proposal to creditors and shareholders seeking approval to close 46 stores as it deals with the impact of the coronavirus pandemic. The plan would leave the company, owned by Electra Private Equity, ...

  • News briefs

    ​Schuh Schneider closes all its stores in Germany

    2020-07-13T08:41:00Z

    The German shoe retailer Schuh Schneider GmbH from Reutlingen closed its eleven stores after filing for bankruptcy at the end of March. The decision to close the businesses stems from the lack of guarantees to ensure their continuation. According to press reports, the company’s boss Steffen Marsik was on track ...

  • News briefs

    ​Tacco Footcare is bankrupt again

    2020-07-12T08:02:00Z

    Tacco Footcare, a German shoe-care producer that had been bought by the Polish firm Kaps in February 2019, is bankrupt again. Tacco Footcare filed for bankruptcy due to insolvency and over-indebtedness on April 8 and proceedings were opened on June 23 by the district court of Bielefeld, where the company ...

  • News briefs

    Leder & Schuh obtains aid from government, banks to relaunch its activity

    2020-07-08T10:16:00Z

    Austria’s Leder & Schuh has obtained support from the government and a pool of banks to relaunch its activity in the wake of the Covid-19 pandemic. The company described the pandemic as the greatest challenge in its history. All 200 Leder & Schuh stores in nine countries (Austria, Germany and ...

  • Article

    Nike, Zara, Adidas are the most valuable fashion brands

    2020-07-06T14:03:00Z

    Nike takes the top spot among fashion brands in the top 100 of the BrandZ ranking of the world’s most valuable brands, released by WPP and Kantar. It is followed by two European brands, Zara and Adidas. Nike managed to improve its valuation by 5 percent to $49,962 million, while ...

  • Crocs new headquarters inside
    News briefs

    Crocs opens new headquarters in Colorado

    2020-07-05T09:21:00Z

    On June 24, Crocs, opened its new corporate headquarters in Broomfield, Colorado, less than 20 miles from downtown Denver. In addition to the nearly 375 current positions, the some 90,000 square foot facility located in the Atria campus will allow the company to “significantly” expand to hire more full-time employees. ...

  • Nice Footwear logo
    Article

    Nice Footwear issues €3 million in bonds to finance its development

    2020-07-03T06:14:00Z

    Nice Footwear is launching a €3 million bond with an annual interest rate of 4.375 percent and a six-year maturity. The bonds, which have a face value of €100,000 each, will be traded on the Milan stock exchange. Under the terms of the transaction, the Italian company has the right ...

  • News briefs

    Marypaz to lay off staff, close stores in Spain

    2020-07-01T06:49:00Z

    Marypaz, the Spanish maker and retailer of women’s shoes and accessories, is planning to lay off 170 employees, out of a total workforce of 600 as of Dec. 31, 2019, in an effort to limit the damages of the coronavirus crisis. According to reports in modaes.es, the company is also ...

  • News briefs

    ​Kering to create testing laboratory in Tuscany

    2020-06-30T18:33:00Z

    The French fashion group Kering is setting up a Test & Innovation Laboratory (TIL) in Prato, Tuscany. It will provide chemical and other tests on products and raw materials for apparel, leathergoods, footwear, eyewear, watches and jewelry. It is scheduled to start operating in the first half of 2021. TIL ...

  • jb martin
    Article

    JB Martin closes its doors

    2020-06-25T12:56:00Z

    JB Martin, a well-known French shoe company, has ceased all activities. The shoe brand was liquidated by the Paris Commercial Court on June 2. After several years of difficulties, Covid-19 was the last straw. Two weeks after the announcement of the receivership, the 125 employees of JB Martin received their ...

  • logo-sioux
    Article

    Sioux’s wholesale division files for insolvency as coronavirus lockdowns hit sales

    2020-06-24T09:19:00Z

    Plummeting department store sales amid business-wrecking coronavirus lockdowns and market uncertainty have driven Sioux Group’s wholesale division off the rails.

  • hunter_logo_standalone
    Article

    Hunter goes under review as CEO quits

    2020-06-12T05:59:00Z

    Vincent Wauters, the former president of Arc’teryx who became the chief executive of Hunter Boot Ltd in 2016, will be stepping down “by mutual agreement” at the end of July to pursue new opportunities, said the Edinburgh-based company, adding that it is launching a “strategic review” of its operations. ...

  • Footway
    Article

    Footway wants to buy a streetwear specialist

    2020-06-11T12:52:00Z

    The Footway Group, the increasingly international Swedish online shoe retailer that recently agreed to merge with Sportamore, wants to create a leading platform for e-commerce in sports and fashion by also acquiring an online retailer of streetwear and sneakers, Californian Roots, or Caliroots for short. Caliroots has been undergoing a ...

  • Article

    ANWR Group grants KfW loans

    2020-06-11T11:18:00Z

    The ANWR Group’s credit institutions, the DZB Bank and the Aktivbank, have received accreditation for the granting loans in behalf of KfW (Kreditanstalt für Wiederaufbau or Credit Institute for Reconstruction) a bank of the German government that provides low-interest loans to support German companies, generally start-ups and small and medium-sized ...

  • News briefs

    Dielmann files for insolvency proceedings under self-administration

    2020-06-10T08:39:00Z

    Dielmann, a German retailer with 48 footwear and sporting goods stores operating under such banners as Schuhhaus Dielmann and Sporthaus Robert Hübner, filed for insolvency proceedings on June 4. The local court of Darmstadt opened the proceedings under self-administration on June 8. The coronavirus is seen as having been an ...