All Corporate articles – Page 29
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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 ...
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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 ...
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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 ...
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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 ...
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N.d.c. made by hand has been sold to Maxim Telitsyn...
N.d.c. made by hand has been sold to Maxim Telitsyn and his wife Els, a couple of Belgian independent investors. The high-end shoe brand was founded in 2002 by Arnaud Zannier and Enrique Corbi. Corbi left the company in 2014. Arnaud Zannier is also the founder of Zannier Hôtel, a ...
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Asso, an Italian producer of children's shoes, is diversifying into...
Asso, an Italian producer of children's shoes, is diversifying into the adult segment by buying Keys, an Italian footwear and apparel brand, from the Opera group. Asso said that it plans to expands Keys' distribution network, which is currently limited to Italy and Northern Europe. The autumn/winter 2019/2020 collection of ...
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A veteran of the footwear industry, Anton Magnani, led the...
A veteran of the footwear industry, Anton Magnani, led the management team that has bought out a Florentine leathergoods firm, BMB Manifattura Borse, from a German private equity firm, Halder, which had acquired it in 2013. BMB produces high-end products for brands like Chanel. BMB has annual sales of about ...
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In 2020, Crocs will be relocating its headquarters from Niwot...
In 2020, Crocs will be relocating its headquarters from Niwot to Broomfield, another town in the same state of Colorado. This new building, which already stands, is more spacious, at 80,000 square feet, and more conveniently located, near the growing commercial corridor of Route 36, which passes through both Boulder ...
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The chairman and chief executive of Tod's, Diego Della Valle,...
The chairman and chief executive of Tod's, Diego Della Valle, has struck a deal with the French bank Crédit Agricole to buy a 5.13 percent interest in the Italian luxury shoe company controlled by his family, lifting their stake to 65.8 percent. According to a filing with the Italian stock ...
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Wortmann, the German shoe producer that owns the Tamaris, Jana, Caprice,...
Wortmann, the German shoe producer that owns the Tamaris, Jana, Caprice, Be Natural and Marco Tozzi brands of footwear, has signed a new licensing deal with Meier Lederwaren, the leathergoods maker in Offenbach, Germany, for its product line of bags. The contract with Tamaris Accessories, of Obertshausen, will end on Nov. ...
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Skechers USA has begun to expand its headquarters in California....
Skechers USA has begun to expand its headquarters in California. The project, overseen by David Forbes Hibbert of DFH Architects, will feature a design center of 100,000 square feet, add new executive offices along the Pacific Coast Highway in Hermosa Beach, double the offices, design studios and showrooms in the ...
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Michael Kors Holdings has changed names to Capri Holdings after...
Michael Kors Holdings has changed names to Capri Holdings after completing the acquisition of the Italian fashion house Versace (see Shoe Intelligence Vol. 20 n°19+20).
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Foot Locker has invested $2 million in Pensole Inc., which...
Foot Locker has invested $2 million in Pensole Inc., which runs the Pensole Footwear Design Academy. Founded in 2010 by D'Wayne Edwards, former director of design at Nike's Jordan Brand, Pensole offers prospective footwear designers free tuition and a learn-by-doing curriculum. Some 400 alumni are currently at work in the ...
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Zalando's depressed share price went up by 6.1% following renewed...
Zalando's depressed share price went up by 6.1% following renewed speculation that the Alibaba Group may make a bid for the German-based e-tailer
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Salvatore Ferragamo bought back 50,000 of its own shares, representing...
Salvatore Ferragamo bought back 50,000 of its own shares, representing 0.03 percent of its capital, for €887,685. The shares were bought between Dec. 27 and Jan. 2 at an average price of €17.75 each
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LVMH has set up an internal initiative, called the Retail...
LVMH has set up an internal initiative, called the Retail Lab, to help promote the digital transformation of its multiple segments and brands. In September of last year, the group hired Gautier Pigasse, who previously worked for VP Mobile Marketing and 6 in Motion, to set up and manage LVMH's ...
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Birkenstock is building a central chemical laboratory at its production...
Birkenstock is building a central chemical laboratory at its production plant in Bernstadt. The laboratory is scheduled to start operating at the end of the next year. The German shoe manufacturer has invested around €4 million in the construction, which signals a clear commitment to the company's location in Bernstadt, ...
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Moody's lowered its rating for Caleres' liquidity because of the...
Moody's lowered its rating for Caleres' liquidity because of the American shoe retailer's acquisition of Vionic for $360 million (see our previous issue) reduced the availability of cash under its $600 million asset-backed revolving credit. On the other hand, the rating agency felt that Caleres should be able to meet ...
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Shoe Carnival has announced a new share repurchase program for...
Shoe Carnival has announced a new share repurchase program for up to $50 million of its outstanding common stock, effective Jan. 1, 2019. It will replace the existing $50 million share repurchase program that was authorized on Dec. 14, 2017, which will expire on Dec. 31, 2018. Under the new ...
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Peter Bird, former finance director of Clayton & Sons, has...
Peter Bird, former finance director of Clayton & Sons, has bought the assets of the bankrupt British supplier of leather for shoes and accessories from the Clayton Leather Group, according to Drapers magazine. The group itself went into administration, a form of bankruptcy on Oct. 4, retaining only 12 employees. ...
