All Corporate articles – Page 38
-
News briefs
Alpargatas is reportedly planning to close two small factories in...
Alpargatas is reportedly planning to close two small factories in Argentina that employ around 70 people. The shutdown is said to be related to new import policies for footwear that make it easier for the Brazilian company to supply the Argentinian market from Brazil.
-
News briefs
Wolverine Worldwide announced a few weeks ago the sale of...
Wolverine Worldwide announced a few weeks ago the sale of Robeez, the premium brand of soft-soled footwear for babies and toddlers, which belonged to its Stride Rite subsidiary, but it did not disclose the identity of the buyer. Now it is known that Robeez' new owner is McCubbin Hosiery, an ...
-
News briefs
An unnamed investor has reportedly acquired a major shareholding in...
An unnamed investor has reportedly acquired a major shareholding in Budapester, a German online and offline retailer of luxury shoes and handbags, giving the company a valuation of €10 million. The business plan calls for an expansion of the offering and the launch of dedicated websites for the markets of ...
-
News briefs
Flojos has been acquired by The Courtney Group, a private...
Flojos has been acquired by The Courtney Group, a private equity firm based in Newport Beach, California, for an undisclosed amount. The Courtney Group has purchased the family-owned brand of rubber sandals from Nellie and Sheng Yen Lin, a married couple. John Dickinson, who is also a stakeholder in the label, ...
-
News briefs
We have reported about many bankruptcies and shutdowns in the...
We have reported about many bankruptcies and shutdowns in the German shoe retail sector in the past year. Schuhhaus Wachendorf, an important, family-owned shoe store in Bremen that was affiliated with the ANWR group, closed its doors on Dec. 17 after 140 years in operation, reports Schuhkurier. The 400-square-meter store ...
-
News briefs
Jamie Cygielman has been appointed from Jan. 3 as executive...
Jamie Cygielman has been appointed from Jan. 3 as executive vice president and chief marketing officer at Iconix Brand Group, the U.S. company that has rights to brands from Umbro to Danskin, Starter, Pony and Ocean Pacific. She joins after marketing and business development functions at companies such as The ...
-
News briefs
The share price of Tod's went up by nearly 13...
The share price of Tod's went up by nearly 13 percent yesterday after the reported acquisition of a 3 percent stake in the company by an Italian fund managed by Andrea Bonomi, who also has investments in Sergio Rossi, Artsana and other Italian medium-sized companies.
-
News briefs
A court in Marburg opened insolvency proceedings on Jan. 1...
A court in Marburg opened insolvency proceedings on Jan. 1 for Erich Rohde, the venerable German shoe company, confirming Frank Schmitt as receiver. He has already started discussions with potential new investors. Under his management, about 40 of Rohde's 138 employees have already been dismissed since the company requested bankruptcy ...
-
Short stops
Exercising an option, the J&F group has raised its stake...
Exercising an option, the J&F group has raised its stake in Alpargatas from 67% to 85.7%
-
News briefs
Giggs, a German online retailer specializing in children's shoes, will...
Giggs, a German online retailer specializing in children's shoes, will be liquidated by the end of this year. Giggs sent out a letter informing its suppliers on Dec. 14. All orders for the spring/summer 2017 collections have been cancelled. Current contracts with suppliers were terminated with immediate effect. Giggs belongs ...
-
News briefs
Five trade unions that represent employees of Vivarte have booked...
Five trade unions that represent employees of Vivarte have booked a meeting with government officials on Jan. 5 to air their complaints and their worries about deeper cuts to the workforce of the big French apparel and footwear retailing group, whose banners include big shoe retail chains such as André, ...
-
News briefs
Riccardo Grande Stevens, well known in Italy for being the...
Riccardo Grande Stevens, well known in Italy for being the son of Franzo Grande Stevens, the lawyer of the Agnellis who arranged many contracts for their Fiat group, is launching a new brand of high-end shoes called Steve's. The line will include men's classic footwear, with leather or rubber soles, as ...
-
News briefs
Payless Shoes, one of Australia's largest independent shoe retailers, has...
Payless Shoes, one of Australia's largest independent shoe retailers, has announced it will close 132 stores across the country. James Stewart, Jim Sarantinos and Peter Gothard were appointed to manage the company as administrators in November. Despite expressions of interest from various parties, in the end there were no acceptable ...
-
News briefs
Tod's confirmed plans to build a new plant at Arquata...
Tod's confirmed plans to build a new plant at Arquata del Tronto, a village of the Marche region that was severely damaged by two earthquakes on Aug. 24 and Oct. 30. Former Prime Minister Matteo Renzi had already announced in October the company's intention to invest in the area. On ...
-
News briefs
Strauss Innovation, a German chain of variety stores with 57...
Strauss Innovation, a German chain of variety stores with 57 locations and about 570 employees in the country, plans to gradually phase out its operations by the end of February, after failing to find an investor. It filed for insolvency in Düsseldorf for the third time on Sept. 22.
-
News briefs
Velasca, a Milan-based shoe maker and online retailer, has raised...
Velasca, a Milan-based shoe maker and online retailer, has raised a total of €720,000 in funding led by P101, a private equity firm also headquartered in Milan. As part of the deal, P101 provided a €370,000 equity ticket to the transaction, while a private investor and the company's co-founders provided ...
-
News briefs
Shoepassion is merging with one of its suppliers of men's...
Shoepassion is merging with one of its suppliers of men's shoes, Heinrich Dinkelacker. Shoepassion will own 100 percent of the shares in Dinkelacker, but the latter's former owners – Norbert Lehmann, Wendelin Wiedeking and Anton Hunger – are becoming shareholders of Shoepassion. Wiedeking and Hunger, who previously worked for Porsche, ...
-
News briefs
Ets René Leriche, the French maker of Erel slippers that...
Ets René Leriche, the French maker of Erel slippers that became insolvent in July, has been sold to a new company, Erel Chaussures de France, formed through an alliance of four shareholders. The new owners, who took over the company in September, have retained the twenty employees. It will maintain ...
-
News briefs
Yoox Net-A-Porter (YNAP) is launching in the Middle East. The...
Yoox Net-A-Porter (YNAP) is launching in the Middle East. The e-tailer has signed a joint venture agreement with Mohamed Alabbar to create an online luxury retail business in the region. YNAP will hold a 60 percent stake in the joint venture while Symphony Investments, which is controlled by Alabbar, will ...
-
News briefs
Zalando has started construction of a new distribution center in...
Zalando has started construction of a new distribution center in a Polish town near the German border, Gryfino, that is set to start operations in the autumn of 2017, with an investment of €150 million. This not far from another Polish town, Kolbaskowo, where Amazon is setting up its third ...
