All Corporate articles – Page 35
-
News briefs
The Montreal-based Aldo Group and the U.S.-based Camuto Group announced...
The Montreal-based Aldo Group and the U.S.-based Camuto Group announced that they have mutually decided not to pursue a proposed merger under which the Canadian company would have acquired control of the American one. They have nevertheless agreed that Camuto will become a strategic partner of the international shoe retailer.
-
News briefs
Four years after entering administration, the British form of insolvency,...
Four years after entering administration, the British form of insolvency, Barratts is selling the rights to the brand and its international trademark portfolio. Established in 1903, the British heritage footwear retailer was heavily impacted by tough market conditions after the global financial crisis and fell into receivership in 2013. This ...
-
News briefs
Amazon is adding a new distribution center equipped with advanced...
Amazon is adding a new distribution center equipped with advanced robotic technology in the Bolton region that will employ 1,200 new people. In Germany, meanwhile, Amazon reportedly suffered delivery problems after strikes crippled six of its German logistics centers in early October. Verdi, a German trade union based in Berlin, ...
-
News briefs
Stahl has completed the planned acquisition of BASF's Singapore-based leather...
Stahl has completed the planned acquisition of BASF's Singapore-based leather chemicals business, including its production site at L'Hospitalet in Spain. BASF will also become Stahl's exclusive supplier of leather chemicals for a long period. The transaction involves the transfer of around 210 jobs to Stahl, 110 of them in Asia. ...
-
Short stops
The Nordstrom family, which owns 30 percent of the shares...
The Nordstrom family, which owns 30 percent of the shares in the department store chain that bears its name, has decided to postpone until after the holidays a plan to take the company private
-
News briefs
In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but...
In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but one year later, the company faced bankruptcy. The firm filed for protection in 2015 and has now been restructured into a new business, Permacutum GmbH. Largely freed from legal entanglements it has obtained a new investor, rumored to be from ...
-
News briefs
DTLR, an urban lifestyle retailer based in Hanover, in the...
DTLR, an urban lifestyle retailer based in Hanover, in the Baltimore area, is merging with Philadelphia-based Sneaker Villa, also a urban lifestyle retailer. The merged company will comprise nearly 240 stores across 19 states and the District of Columbia, spanning the East Coast from New York to Florida, the Midwest, ...
-
News briefs
Prada is changing its financial year to align it with...
Prada is changing its financial year to align it with the calendar year, which will result in an 11-month reporting period in 2017. Until last year, Prada's financial year ran from Feb. 1 to Jan. 31. For this year, the financial year started on Feb.1 but will end on Dec. ...
-
News briefs
Marcato Capital Management, the activist investor that has been criticizing...
Marcato Capital Management, the activist investor that has been criticizing the management of Deckers Brands and wants it to sell its assets, has come up with a list of ten new executives that it has nominated for seats on the company's board of directors. The board is up for renewal ...
-
News briefs
N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase...
N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase by 117 percent in 2016 to €52 million. Around 45 percent of the turnover was generated in Asia. The brand has a flagship store in Milan's centre of fashion, on via Santo Spirito, and 14 franchised stores, mainly in Asia. ...
-
Short stops
A French bankruptcy court has shifted to Sept. 8 the...
A French bankruptcy court has shifted to Sept. 8 the deadline for candidates to the acquisition of J.B. Martin
-
News briefs
After a strong 2016 with a turnover of €11.5 million,...
After a strong 2016 with a turnover of €11.5 million, the Swedish shoe manufacturer Kavat has invested in new, larger production facilities in Bosnia-Herzegovina. The company moved its 160 employees in July from the existing premises in Travnik into a new 5000-square-meter factory in Novi Travnik, 90 kilometers west of ...
-
News briefs
Yoox Net-a-porter (YNAP) has inaugurated a tech hub in London....
Yoox Net-a-porter (YNAP) has inaugurated a tech hub in London. Located in west London's White City, the hub has been designed by Nicholas Grimshaw, the architect behind the Eden Project domes in Cornwall. The 6,500-square-meter facility can host up to 650 IT experts, including the current 500 employees of the ...
-
News briefs
Tati, the French cut-price shop, is to be sold to...
Tati, the French cut-price shop, is to be sold to Gifi. The verdict was handed down by the appeals court of Bobigny on June 26. Eram had announced earlier this year that it had decided to sell Agora Distribution, the loss-making unit which owned Tati and other brands including Fabio ...
-
News briefs
Zalando continues its shopping spree with the takeover of yet...
Zalando continues its shopping spree with the takeover of yet another start-up, Anatwine. The European e-commerce giant first acquired a 20 percent stake in this British software firm in May, but announced in July that it was taking over the company entirely. The purchase price has not been made public. ...
-
News briefs
The Brantano chain in the U.K. has closed its remaining...
The Brantano chain in the U.K. has closed its remaining 69 stores, resulting in the dismissal of about 900 employees. The shoe retail chain went into administration, a form of bankruptcy, on March 22. Alteri, the chain's private equity owners, has said the company suffered from the sharp fall in ...
-
News briefs
Marcato Capital Management has issued an ultimatum to Deckers Brand...
Marcato Capital Management has issued an ultimatum to Deckers Brand to sell itself at an attractive valuation or face a battle to oust the entire board of directors. An activist investor from San Francisco, Marcato said in a letter in June that that it was concerned about what it called ...
-
News briefs
The French Vivarte group has sold Kookaï, a big chain...
The French Vivarte group has sold Kookaï, a big chain of discount apparel shops, to an Australian company, Magi, that runs 39 Kookaï shops in its country. Vivarte's top management says it plans to examine any offers for two others of its assets – the André chain of shoe shops ...
-
News briefs
Zalando and Bestseller United, a Danish clothing group, have entered...
Zalando and Bestseller United, a Danish clothing group, have entered into a joint venture agreement for the shared ownership of FashionTrade.com, the online fashion marketplace founded by Bestseller in 2015. Zalando enters into the joint venture with a capital increase at FashionTrade, which will boost the growth of the B2B ...
-
News briefs
Giannico has chosen Roveda, the footwear manufacturer based in Parabiago,...
Giannico has chosen Roveda, the footwear manufacturer based in Parabiago, near Milan, to make its shoes. Roveda, owned by Chanel, will make Giannico's shoes starting with its spring/summer 2018 collection. The Giannico shoe brand was launched by Nicolò Beretta in 2013. Its first collection was presented at the fashion weeks ...
