All Corporate articles – Page 36
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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 ...
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Vans has announced it has moved its headquarters from Cypress,...
Vans has announced it has moved its headquarters from Cypress, California to a new building in Costa Mesa, California, 13 miles away. The move was first announced in June 2015. The new building is environmentally-friendly and larger than the previous headquarters. The facility features a solar panel array on the ...
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Deichmann is expanding its headquarters in Essen, adding a total...
Deichmann is expanding its headquarters in Essen, adding a total of 2,200 square meters on three floors. The new office, which will allow the German-based retail group to create 150 additional jobs, shall be finished in mid-2018 for a total investment of €6 million. Currently, 800 people are working for ...
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Short stops
Alibaba is said to be considering the acquisition of a...
Alibaba is said to be considering the acquisition of a share in Yook Net-a-Porter (YNAP), sending up the company's share value
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News briefs
After an investment of €9 million, Paraboot has officially inaugurated...
After an investment of €9 million, Paraboot has officially inaugurated its new French factory at Saint-Jean-de-Moirans, covering 11,000 square meters, with a production capacity of 120,000 pairs of Goodyear and Norwegian Goodyear welted shoes per year. It has taken the place of two older factories in the same region, which ...
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News briefs
Unsecured creditors of Payless Shoesource will collect €32.3 million from...
Unsecured creditors of Payless Shoesource will collect €32.3 million from Golden Gate Capital and Blum Capital to settle claims over dividends and fees of €400 million that the two private equity firms took from the bankrupt American discount shoe retail chain after its acquisition in 2012. In total, unsecured creditors ...
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As reported in our last issue, a French startup, Saola,...
As reported in our last issue, a French startup, Saola, launched a campaign on Kickstarter on May 23 to collect funds for the development of its new eco-friendly shoes. After only 13 days, the brand reached its goal of raising a first batch of $25,000 to get the production started. ...
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Fornarina has inaugurated a new showroom in Hong Kong, inside...
Fornarina has inaugurated a new showroom in Hong Kong, inside the Silvercord Building. Fornarina was acquired by Bright Fame Holdings, based in Hong Kong, last November. The new showroom is part of the brand's expansion plans in the Asia-Pacific region. Fornarina generates 35 percent of its revenues in Italy and ...
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News briefs
Giggs, a German online retailer specializing in children's shoes, has...
Giggs, a German online retailer specializing in children's shoes, has decided to close up shop, reportedly because more than 60 percent of the products ordered were being returned. Giggs was asking parents to take measurements of their children's feet before placing their orders.
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Browns Shoes has invested in a new order management system...
Browns Shoes has invested in a new order management system (OMS) – the OrderDynamics OMS – to boost efficiency with ship-from-store services and enhance its omnichannel capabilities. Founded in Montreal in 1940, Brown Shoes now owns and operates more than 60 stores throughout Canada, in addition to a strong e-commerce presence.
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Eurazeo has launched Eurazeo Brands, a new division with the...
Eurazeo has launched Eurazeo Brands, a new division with the objective of expanding Eurazeo's involvement in fashion. The French private equity firm already has stakes in fashion companies including Desigual, Moncler, Farfetch and Vestiaire Collective. Eurazeo Brands will be its fifth division. The new division will be endowed with an ...
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News briefs
Investcorp, the big investment fund based in Bahrain, is reportedly...
Investcorp, the big investment fund based in Bahrain, is reportedly among the bidders for Jimmy Choo. It had already bid for Jimmy Choo in 2011, before the company was snapped up by JAB Luxury, which put it up for sale in April.
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News briefs
The Atom Group has moved its German subsidiary to larger...
The Atom Group has moved its German subsidiary to larger and more functional premises in the Pirmasens area, following its recent acquisitions. The Italian company celebrated the move with a special exhibition on “Atom: The Cutty Factory.”
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News briefs
Wolverine Worldwide is going ahead with its slimming-down program by...
Wolverine Worldwide is going ahead with its slimming-down program by licensing out its Stride-Rite brand of children's shoes. After closing all its Stride-Rite retail stores, it has signed a global, long-term license for the brand with Vida Shoes International, a company that runs a portfolio of more than a dozen ...
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Zalando released details of a planned new €30 million logistics...
Zalando released details of a planned new €30 million logistics center in Sweden. Located in Brunna near Stockholm, the distribution center will be operational by the end of the year, with up to 300 employees. The goal is to significantly reduce the time required fopr deliveries of parcels in all ...
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News briefs
The Samwer brothers have sold a 3.8 percent share in...
The Samwer brothers have sold a 3.8 percent share in Zalando for approximately €375 million. The trio, who were the main investors in the European online retailer of fashion and sports apparel during the start-up phase, further reduced their stake to 4.99 percent. With the sale, a Scottish investment firm, ...
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News briefs
Tecnomodel, a company in the Marche region of Italy that...
Tecnomodel, a company in the Marche region of Italy that has been handling the production of luxury men's and women's shoes for important fashion brands for more than 25 years, has opened a new head office at Porto Sant'Elpidio. The 2,300-square-meter structure houses its design center, its showroom, its production ...
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News briefs
LVMH has reached the highest stock market capitalization on the...
LVMH has reached the highest stock market capitalization on the CAC 40, the benchmark index of the French stock exchange, overtaking Total, France's largest oil company, with a capitalization of €116.7 billion. The value of LVMH's shares has risen by nearly 27 percent since the beginning of this year. Kering, ...
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News briefs
The Royer Group, which owns Aster, Mod'8 and other brands...
The Royer Group, which owns Aster, Mod'8 and other brands of children's shoes, is said to be one of four candidates for the takeover of another French children's footwear brand, GBB, and its Catimini and IKKS licenses. These assets belong to a larger French group, Kindy, that specializes in socks. ...
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News briefs
Another minority shareholder of Deckers Brands has called for a...
Another minority shareholder of Deckers Brands has called for a sale of the company, charging that it has underperformed in the past three to five years. Mountain Capital Partners, which owns 3.3 percent of the equity, complained in particular about poor capital allocation decisions by Deckers' management, adding that there ...
