All Corporate articles – Page 28
-
News briefs
Kaps acquired Tacco Footcare, the German family-owned shoe-care producer, at...
Kaps acquired Tacco Footcare, the German family-owned shoe-care producer, at the end of February. Through the acquisition, the Polish-based producer of shoe-care products expands its portfolio of brands. Tacco will add a wide range of products to Kaps' existing range, which includes insoles, cotton laces, boot-trees, shoehorns and brushes, among ...
-
News briefs
Huajian is looking at investments in the Egyptian market, according...
Huajian is looking at investments in the Egyptian market, according to a recent statement by the Egyptian trade minister, Amr Nassar. The company is planning to build a new industrial area in El Roubiki Leather City, in the suburbs of Egypt's capital city, not far from Cairo's international airport. The ...
-
Short stops
Sabu has moved to a new head office of 750...
Sabu has moved to a new head office of 750 square meters in Heilbronn, not far from its previous location
-
News briefs
Emerging from Chapter 11 bankruptcy proceedings, Nine West has changed...
Emerging from Chapter 11 bankruptcy proceedings, Nine West has changed its name to become the Premier Brands Group under the ownership of CVC Credit Partners and Brigade Capital. It is starting over again with $100 million in liquidities granted by Wells Fargo and Goldman Sachs to support its operations and ...
-
Short stops
Kering has opened a new Italian head office of 11,000...
Kering has opened a new Italian head office of 11,000 square meters in Milan, employing 150 people in a nine-floor tower located near the so-called Gucci Hub
-
News briefs
Skechers India is transitioning to a wholly-owned subsidiary of Skechers...
Skechers India is transitioning to a wholly-owned subsidiary of Skechers USA following the purchase by Skechers USA of a 49 percent stake in its Indian joint venture from Future Group. The financial details of the transaction have not been disclosed. This development is meant to accelerate expansion and to build ...
-
News briefs
Peter Kaiser, the German manufacturer of women's shoes, is reducing...
Peter Kaiser, the German manufacturer of women's shoes, is reducing staff at its headquarters in Pirmasens. According to a report in a local newspaper, the headquarters has shed about 40 employees, bringing the total down to 200. According to Stefan Frank, chief executive, Peter Kaiser could no longer avoid reducing ...
-
News briefs
Schuhplus, the German mail-order retail specialist for extra-large men's and...
Schuhplus, the German mail-order retail specialist for extra-large men's and women's shoes, has acquired an Austrian-based competitor, SchuhXL Feldmann, from its former owner, Peter Feldmann, at undisclosed conditions. The group is now planning to enter Eastern European markets and to launch its website in new languages in the course of ...
-
News briefs
Christian Louboutin is reportedly planning to open a hotel in...
Christian Louboutin is reportedly planning to open a hotel in Portugal, in the Alentejo region, in summer 2020. The French shoe designer personally knows the region, where he owns a holiday home. Construction work is expected to begin in April. The Alentejo, located in south-central Portugal, is known for its ...
-
News briefs
CCC, the fast-growing Polish-based shoe retail chain, continues its shopping...
CCC, the fast-growing Polish-based shoe retail chain, continues its shopping spree. The chain made a tender offer for the shares of Gino Rossi, the struggling Polish shoe retailer, back in December, and the Polish Office for Competition and Consumer Protection has now approved the deal. The offer was for 0.55 zlotys ...
-
News briefs
While looking for a strategic partner, the Dutch-based Bretoniere Group...
While looking for a strategic partner, the Dutch-based Bretoniere Group has filed for insolvency on its wholesale and retail operations, blaming a drop in sales due to difficult market conditions. The group employs 115 people and sells shoes and handbags under two brand names, Fred de la Bretoniere and Shabbies ...
-
News briefs
Belle International, the largest Chinese operator of athletic footwear stores...
Belle International, the largest Chinese operator of athletic footwear stores for international brands, is planning to go public again with a valuation of $2.87 billion, according to Reuters. The company was taken private in 2017 with a valuation of $6.8 billion by a group of investors led by its management, ...
-
News briefs
Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a...
Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a few days ago as the third wealthiest man in the world, according to the Bloomberg Billionnaires index, overtaking Warren Buffet before the recent release of the results of his company, Berkshire Hathaway. The current ranking sees Arnault back in the ...
-
News briefs
LK Bennett, the British shoe and apparel retailer and wholesaler,...
LK Bennett, the British shoe and apparel retailer and wholesaler, has filed for judicial administration, a British form of bankruptcy, after failing to find a new investor who is willing to take over the company as well as its debt. Ernst & Young will oversee the administration process, with five ...
-
News briefs
Aldo Brué has relinquished the European license for Bruno Magli,...
Aldo Brué has relinquished the European license for Bruno Magli, after deliveries of the last autumn/winter collection. The Italian company had obtained the license two years ago from Neuberger Berman, with the right to sell the products also in Asia. As previously reported (Shoe Intelligence Vol. 20 n°19+20 of Oct. 20, 2018), ...
-
News briefs
Tapestry is beginning to take advantage of new synergies in...
Tapestry is beginning to take advantage of new synergies in shoe production between two of its brands, Coach and Stuart Weitzman. The American company has set up a team to produce a 1941 capsule collection of Coach shoes in Petrer, with an annual capacity of around 12,000 pairs. Petrer is ...
-
News briefs
Berkemann has acquired a shoe factory in Martfü, Hungary. The...
Berkemann has acquired a shoe factory in Martfü, Hungary. The German shoe company, based in Zeulenroda, will produce over 100,000 pairs of shoes per year at the new site. The takeover of the plant became necessary after Berkemann's existing Hungarian facility in Kiskunfélegyháza reached full capacity, said the company. With ...
-
News briefs
On Jan. 30, the Italian shoemaker Rucoline applied for debt...
On Jan. 30, the Italian shoemaker Rucoline applied for debt protection with a court in Perugia. The company was granted 120 days to present a reorganization plan including a debt restructuring proposal for its creditors. According to the daily Italia Oggi, Rucoline faced financial difficulties after a Chinese client, Eva ...
-
News briefs
Skechers reports the opening of its 3,000th store. With a...
Skechers reports the opening of its 3,000th store. With a surface of 3,000 square meters, it is its largest mono-brand store in the world. It is located in the Chinese city of Shenyang. The store has an entertainment area for children and a large assortment of branded clothing to complement ...
-
News briefs
In the last two weeks of January, Diego Della Valle,...
In the last two weeks of January, Diego Della Valle, chairman and co-chief executive of Tod's, bought an additional take of about 2 percent in the company after it issued disappointing full-year sales figures, prompting the share price to fall. The shares are not part of an agreement reached with ...
