All Corporate articles – Page 24
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Prada has agreed to buy Fratelli Prada, a company that...
Prada has agreed to buy Fratelli Prada, a company that manages four Prada stores in Milan under a franchise agreement, for €66 million. The stores include the one located in Galleria Vittorio Emanuele, where Prada was founded in 1931, two shops in Via Montenapoleone and one in Via della Spiga. ...
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Zutano has acquired Morgan & Milo, an American producer of...
Zutano has acquired Morgan & Milo, an American producer of toddler footwear. The acquisition enables Zutano to expand its children's footwear offering, from the newborn stage up to around six and seven years of age. Zutano, headquartered in New Bedford, Massachusetts, has been creating clothing, footwear and accessories for babies ...
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The Blackstone Group has sold its remaining 6,864,545 shares in...
The Blackstone Group has sold its remaining 6,864,545 shares in Crocs to Morgan Stanley in a secondary offering worth $244 million
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Camper, a Spanish brand that develops about 500 different models...
Camper, a Spanish brand that develops about 500 different models of shoes each year, is harnessing 3D printing to create prototypes of increasing geometric complexity in as little as 24 hours. According to the Spanish daily Cinco Días, the company is using two such printers made by a Catalonian company, ...
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Goldman Sachs has kicked off the sale of R.M. Williams,...
Goldman Sachs has kicked off the sale of R.M. Williams, sending information on the company's growth plans to interested parties. The new figures and the asking price published in the press are confusing and could not be verified by press time. We have already reported on its latest financial results ...
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The Sachdeva family, which owns one of the largest shoe-production...
The Sachdeva family, which owns one of the largest shoe-production companies in India, is launching Vazco Salbatore, a new brand for the international market. The uppers are made in India and the shoes are assembled in Portugal. The Sachdevas oversee the collection's design and product development, providing technical assistance to ...
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The Vivarte group says it has entered exclusive negotiations to...
The Vivarte group says it has entered exclusive negotiations to sell San Marina, one of the last footwear retail chains in its possession, to Thierry Le Guénic and Stéphane Collaert, the French entrepreneurs who have already bought another shoe retail chain, Cosmoparis, and the Chevignon brand of sportswear. San Marina ...
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Dr. Martens is going to go public on the London...
Dr. Martens is going to go public on the London Stock Exchange at the end of this year or early in 2020, according to a report in Il Sole 24 Ore, the Italian business daily. Permira, the investment fund that bought the brand for £300 million (€347.0m-$385.8m) in 2013, is ...
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Moreschi has signed a so-called “solidarity contract” with the labor...
Moreschi has signed a so-called “solidarity contract” with the labor union that represents its employees. For one year, the employees will reduce the amount of working hours at rates of 15 to 34 percent in all departments, and their pay will be cut by 22 percent on average. The Italian ...
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Chaussures Noël, a French manufacturer of children's shoes, has obtained...
Chaussures Noël, a French manufacturer of children's shoes, has obtained bankruptcy protection from creditors, with the permission to continue to operate normally until Dec. 15. The family-owned company, which already went through a reorganization in 2016, hopes to attract a new investor. After divesting other assets, the company has been ...
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Cesare Paciotti has decided to terminate the employment contracts for...
Cesare Paciotti has decided to terminate the employment contracts for 24 out of the 64 members of its staff. They were mostly engaged in the production unit of the company, and they receive a government subsidy under Italian law. The number of layoffs may be reduced to 20 depending on ...
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Zalando has opened a new logistical center in Poland. It...
Zalando has opened a new logistical center in Poland. It will provide goods for more than 15 million customers worldwide from its “lounge web store,” the sales channel for German-based e-tailer's closeout sales. Fiege e-Com will manage the logistical center with 500 employees. It is located in Olztynek and covers ...
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Velasca, a fast-growing Italian brand of shoes and leathergoods, has...
Velasca, a fast-growing Italian brand of shoes and leathergoods, has closed an investment round of €4.5 million, jointly led by P101 and Milano Investments. A pool of private investors also participated in the capital increase. The company, which gets its shoes made in the Marche region of Italy, will use ...
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The Rino Mastrotto Group has widened its shareholders' base, with...
The Rino Mastrotto Group has widened its shareholders' base, with an investment firm, NB Aurora, acquiring a 11.6 percent stake for €20 million. NB Renaissance Partners owns 70 percent of the group. The Mastrotto family now owns a minority share in this leading Italian leather-manufacturing group.
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Paco Herrero has filed for bankruptcy protection with a court...
Paco Herrero has filed for bankruptcy protection with a court in Alicante. The court has appointed an administrator to run the Spanish shoe company, which has apparently never fully recovered from the economic crisis of 2008. The firm was aiming to export two-thirds of its production overseas, without success. The ...
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The Authentic Brands Group is said to be in line...
The Authentic Brands Group is said to be in line to acquire Barneys New York for about $270 million
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Wolverine Worldwide's board has approved a share repurchase program which...
Wolverine Worldwide's board has approved a share repurchase program which will return $400 million to shareholders over the next four years. The footwear group said it will repurchase shares as appropriate and in compliance with any restrictions contained in the company's credit agreements.
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BASF has announced the opening of a new footwear innovation...
BASF has announced the opening of a new footwear innovation center in Taiwan in 2020. The facility is meant to further strengthen the capabilities of the performance materials company in the Asia-Pacific region. The center will give footwear professionals access to BASF materials that can help develop future footwear, with ...
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Walmart has announced the opening of its first supply-chain training...
Walmart has announced the opening of its first supply-chain training academy, which will be located at its distribution center in Sanger, Texas
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Standard & Poor's has downgraded the rating outlook for Wolverine...
Standard & Poor's has downgraded the rating outlook for Wolverine Worldwide from stable to BB+ because its financial leverage has risen to three times due to spending on share buybacks. The leverage may grow beyond three times if the Ebitda margin doesn't improve from its current level of 5 percent ...
