All Corporate articles – Page 31
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Clarks plans to open its first logistics center on continental...
Clarks plans to open its first logistics center on continental Europe. The company's new logistics center, covering 10,000 sqm is tentatively scheduled to be opened by the spring of 2020 in Krefeld, Germany. From there, Clarks aims to deal with orders from European wholesale clients and shoe retailers as well ...
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Globus, the Swiss department store chain that belongs to the...
Globus, the Swiss department store chain that belongs to the Migros cooperative, has agreed to take over the Navyboot brand and some of its stores in Switzerland and Germany, with effect from next Jan. 1. The terms of the transaction have not been disclosed. Five years ago, Globus acquired Schild, ...
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Netshoes, the loss-making e-tailer of sporting goods based in Brazil...
Netshoes, the loss-making e-tailer of sporting goods based in Brazil (see our previous issue), has asked Goldman Sachs to help it find a new investor as its net cash position has fallen to €19 million and its current main owners, Tiger Management Corp. of the U.S. and Singapore's GIC Fund, ...
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Gabor recently opened additional office facilities at its headquarters in...
Gabor recently opened additional office facilities at its headquarters in Rosenheim to accommodate its expanding online activities. The so-called “Digital Cube” adds 25 modern workplaces, 17 of which are already occupied by existing employees. For its marketplace as well as for advertising activities, Gabor needs much more contents than previously. ...
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Birkenstock will invest about €3 million in a new “social...
Birkenstock will invest about €3 million in a new “social building” with dressing rooms, sanitary facilities and showers for roughly 650 employees who work at its production site in Görlitz, Germany. The building will also include a lunch and rest room with an accompanying outdoor area. Due to its strong ...
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Legero United, the Austrian company behind the Legero, Superfit, Think! and Vios...
Legero United, the Austrian company behind the Legero, Superfit, Think! and Vios brands, is building a new head office in Feldkirchen near Graz. At a ground-breaking ceremony staged on July 19, the group indicated that it will accommodate 550 employees in the future. The so-called “Legero United Campus” will consist of two ...
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USA Dawgs, the company that fought for a decade against...
USA Dawgs, the company that fought for a decade against Crocs, claiming that it was infringing the intellectual property rights of its own clogs, has been acquired by a private equity firm, the Optimal Investment Group, in an asset deal worth $3,250,000. The company, which produces and sells shoes under ...
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Short stops
After the sale of its Nine West brand, Sycamore Partners...
After the sale of its Nine West brand, Sycamore Partners has mandated the Lazard investment bank to explore a possible sale of the remaining assets of Nine West Holdings, including Anne Klein, Kasper and its jeanswear and jewelry businesses
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News briefs
According to a German trade magazine, Schuhkurier, Steffen Liebich, owner...
According to a German trade magazine, Schuhkurier, Steffen Liebich, owner of the German Leiser, Schuhhof and Anika Schuh retail chains, recently acquired another important German shoe retail chain, Schalthost. Permactum, the company that owned Schlatholt, was taken over on Aug. 8 by Goal, the holding company of Liebich. According to ...
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Velasca, a Milan-based maker of luxury shoes and accessories for...
Velasca, a Milan-based maker of luxury shoes and accessories for men, has secured €2.5 million in a new round of funding led by P101 SGR, an existing backer, with participation from Milano Investment Partners and a group of private investors. It is P101's second investment in Velasca, after the one ...
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Guido Fluri, the former majority shareholder of Pasito-Fricker, the Swiss shoe...
Guido Fluri, the former majority shareholder of Pasito-Fricker, the Swiss shoe retailer previously owned by Görtz, recently sold the majority of his shares to various unnamed private investors. Pasito runs 25 stores in the German-speaking part of Switzerland and in Tessin, the Italian-speaking part of the country. Fluri acquired the Swiss ...
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Short stops
Moody's has raised the corporate rating of Wolverine Worldwide from...
Moody's has raised the corporate rating of Wolverine Worldwide from Ba2 to Ba1
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News briefs
Ferragamo Finanziaria, the holding company of the Ferragamo family, sold...
Ferragamo Finanziaria, the holding company of the Ferragamo family, sold a 3.5 percent stake, or 5.9 million shares, in Salvatore Ferragamo through an accelerated book-building process managed by Goldman Sachs. The shares were sold at €23.25 each, representing a discount on the closing price of €24.53 established on the day ...
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Short stops
Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou,...
Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou, says it is looking for new customers as it will no longer do business as of September with a client that accounted for 87% of its business in the past year
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News briefs
In a strategic move intended to boost its wholesale operations,...
In a strategic move intended to boost its wholesale operations, Caleres has acquired a controlling interest in Blowfish Malibu, an original, 13-year-old Californian brand of lifestyle footwear that had revenues of $27 million in the last 12 months. The terms of the deal were not disclosed but Caleres said it ...
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Boa Technology has opened a new global headquarter in the...
Boa Technology has opened a new global headquarter in the Zeppelin Development Flight building in Denver. The space of 85,000 square feet is more than three times bigger than its previous location, and it doubles the capacity of its R&D operations. Founded in 2001, the specialist in technical shoe lacing ...
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Zeis Excelsa, the Italian shoe company behind brands such as...
Zeis Excelsa, the Italian shoe company behind brands such as Dirk Bikkembergs, Cult, Docksteps and Virtus, has been given preliminary bankruptcy protection from creditors by a court in Fermo. It has been time until Aug. 6 to confirm the bankruptcy proceedings or to present a debt restructuring plan. Controlled by ...
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Pavers has acquired Herring Shoes, a family-run e-tailer that sells...
Pavers has acquired Herring Shoes, a family-run e-tailer that sells shoes developed by high-end English manufacturers, focusing on men's footwear. The financial terms of the deal have not been disclosed. The acquisition is meant to allow Pavers to broaden its online expertise and international reach. Herring, based in Devon, will ...
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News briefs
BASF New Business has acquired all the shares of Advanc3D...
BASF New Business has acquired all the shares of Advanc3D Materials, based in Hamburg, and Setup Performance, based in Lyon. Both companies are start-ups focusing on 3D printing. Advanc3D Materials offers tailor-made plastic powders and formulations for selective laser sintering (SLS) as well as process know-how. Setup Performance is Advanc3D ...
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New Steps, the Dutch Waalwijk-based company that owns the Yellow...
New Steps, the Dutch Waalwijk-based company that owns the Yellow Cab brand, filed for insolvency on May 23 in the bankruptcy court of Zeeland-West-Brabant. The court appointed S.M.P. Jacobs as the receiver. Yellow Cab was rather well-known in the 1990s for its original heels and prints, which appealed to young ...
