All Corporate articles – Page 23
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ArticleEurope has become the “epicenter” of the coronavirus pandemic
The World Health Organization (WHO) has warned that Europe has now become the “epicenter” of the novel coronavirus pandemic as the virus spreads dramatically, prompting nations to totally or partially shut down their economies. On March 22, the Italian government issued a decree imposing the closure of all manufacturing ...
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Article
Germany withstands the disease in better ways
Italy, the largest shoe manufacturing country on the continent, has suffered the highest number of deaths, followed by Spain, the second-largest producer. The official number of deaths related to the epidemic is now higher in Italy than in China, where it started last December. After Italy, Spain became the second ...
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News briefs
Fiscatech acquires Sisa
Fiscatech has acquired Sisa, which specializes in the production of artificial leather, from Akea. The companies are all based in Italy, and Fiscatech and Akea had already collaborated prior to the acquisition. The announcement of the transaction was made by Fiscatech during the latest edition of Lineapelle, the trade show ...
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News briefs
Zapaterias TG Factory Espana goes into liquidation
Zapaterias TG Factory Espana, a Spanish company that owns the footwear retailer Tino González, went into liquidation on Feb. 12 after having failed to find an acquirer. The company, which was founded in the 1980s, had already gone into administration in December 2013 and managed to come out of it ...
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News briefs
Cole Haan delaying IPO
Cole Haan is reportedly delaying the launch of its initial public offering (IPO) because of the coronavirus outbreak, which has led to major market declines on stock exchanges worldwide. The American shoe company was planning to be listed on the Nasdaq stock exchange in New York, according to documents filed ...
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Article
Italian fashion groups cut costs to mitigate coronavirus impact
Tod’s, Salvatore Ferragamo, Prada and Aeffe, which are all listed companies, have announced measures to cut costs in order to mitigate the impact of the novel coronavirus epidemic, which has affected sales and manufacturing. Tod’s noted that the arrival of the novel coronavirus, known as Covid-19, has forced it ...
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News briefs
Ecco is expanding its head office in Denmark. A new...
Ecco is expanding its head office in Denmark. A new building of 2,400 square meters is set to become operational in 2020 across from the Ecco Conference Centers to house up to 100 employees involved in global marketing and other activities, plus three test shops.
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News briefs
LVMH has consolidated its position as the world's largest luxury...
LVMH has consolidated its position as the world's largest luxury goods company by using its huge cash flow to acquire Tiffany & Co. The New York jeweler's $16 billion takeover is the largest ever made in the luxury goods sector. It puts LVMH more or less on a par with ...
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News briefs
The famous French Babybotte brand of children's shoes has been...
The famous French Babybotte brand of children's shoes has been acquired by an unnamed Thai investor who is not involved in the shoe sector for €920,000, according to Jean-Pierre Bidegain, a now retired member of the family that used to own it. Babybotte is one of the brands that belonged ...
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News briefs
Apple of Eden, the Portuguese shoe brand, is currently building...
Apple of Eden, the Portuguese shoe brand, is currently building a new headquarters in Porto. The two-story, 3,500-square-meter building will be finished in the third quarter of 2020, in time for the brand's 10th anniversary. Apple of Eden currently outsources its logistics to a local partner but will be taking ...
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News briefs
Zalando is selling Kickz, its sub-e-tailer for sneakers, street apparel...
Zalando is selling Kickz, its sub-e-tailer for sneakers, street apparel and accessories. The acquirer is Play Hard, a recent subsidiary of Crealize, described as a German “company creator” that “develops new business models and companies.” Zalando purchased Kickz as recently as 2017, intending to expand its position in streetwear, gaining ...
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News briefs
Anika Schuh, a German shoe retail chain that went bankrupt...
Anika Schuh, a German shoe retail chain that went bankrupt in December 2017, is about to overcome the insolvency. On Nov. 18, its creditors held a meeting where they all agreed to approve the management plan presented by the company's court-appointed administrators. Jörg Ullbrich, the founder of Anika Schuh, is ...
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News briefs
A Spanish businessman, Álvaro Pellón, has acquired the entire capital...
A Spanish businessman, Álvaro Pellón, has acquired the entire capital of a Seville-based shoemaker, Marypaz, that went into receivership in October (see Shoe Intelligence Vol. 20 N° 21+22). The Aguaded family, which founded Marypaz, is expected to continue running the firm.
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News briefs
Marypaz, a low-priced Spanish footwear retailer, has filed for insolvency...
Marypaz, a low-priced Spanish footwear retailer, has filed for insolvency proceedings after a local private equity firm, Black Toro, which rescued the company in 2016, failed to find €15 million in working capital to pay suppliers, according to the daily Cinco Dias. In 2016, after a debt restructuring procedure, Black ...
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News briefs
A French court has ruled on the final shutdown of...
A French court has ruled on the final shutdown of Chaussures Noël's remaining operations in France as well as in Tunisia, which employ 84 and 700 people, respectively. Apparently, none of the 10 offers made for the company were entertained by the court, which is now waiting for candidates for ...
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News briefs
As previously reported, Carlyle, the investment fund that controls Golden...
As previously reported, Carlyle, the investment fund that controls Golden Goose, is planning to cash out. The valuation of the deal may be boosted by a rumor according to which the brand of distressed sneakers is expanding into women's wear with the help of Frida Giannini, who left as creative ...
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News briefs
The Brazilian designer Paula Cademartori, known for her colorful luxury...
The Brazilian designer Paula Cademartori, known for her colorful luxury bags and shoes, is taking full control of her eponymous brand by buying back the stake held by OTB, the holding company of the Italian businessman Renzo Rosso. OTB invested in the brand in 2016.
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News briefs
Caprice, the shoe brand owned by Wortmann, has opened a...
Caprice, the shoe brand owned by Wortmann, has opened a new factory together with Mountain Top Global, its Taiwanese partner. The project cost about $6 million and took two years. Before the construction of this factory in Yangon, in northwestern Myanmar, Caprice had produced about one million pairs of shoes ...
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News briefs
The Authentic Brands Group has won the battle for the...
The Authentic Brands Group has won the battle for the intellectual property of Barneys New York in a reported cash deal of $271.4 million. ABG, which wants to develop the famous American retail brand internationally, especially in Asia, has appointed Saks Fifth Avenue as its retail licensee for the U.S. ...
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News briefs
Pittarosso is shutting down all its French stores. The Italian...
Pittarosso is shutting down all its French stores. The Italian shoe retailer opened its first shops in France in 2014, with a focus on shopping centers, and had 15 stores in the country. Meanwhile, the chain keeps expanding in Italy with the opening of new stores. Pittarosso has more than ...
