All Corporate articles – Page 39
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News briefs
Mr Hare has ceased trading. The luxury men's footwear brand...
Mr Hare has ceased trading. The luxury men's footwear brand has closed both its London stores at 8 Stafford Street in Mayfair and 22 Powis Terrace in Notting Hill as well as the firm's website. A cryptic message on the business' website reads “Mr Hare has gone sailing,” followed by ...
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The Australian government has reportedly backed the construction of a...
The Australian government has reportedly backed the construction of a shoe factory in Lahore, Pakistan, that will exclusively employ women. The initiative, supported by Australia's Market Development Facility, aims to promote the participation of women in the workforce as well as support the Pakistan's burgeoning footwear sector. Currently only 25 ...
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OluKai has announced a strategic investment in Melin, a lifestyle...
OluKai has announced a strategic investment in Melin, a lifestyle headwear brand based in Southern California. The move is part of OluKai's plan to establish itself as an incubator for quality-driven consumer product brands. Melin, which was founded by longtime friends Brian McDonell and Corey Roth in 2013, derives its ...
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Alteri Investors, the company that recently bought the Jones Bootmaker...
Alteri Investors, the company that recently bought the Jones Bootmaker and Brentano chains in the U.K., is said to be among the companies potentially invested in the Aurora Fashion Group, which owns important fashion chains such as Oasis, Warehouse and Coast
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Genesco has agreed to sell its SureGrip Footwear subsidiary to...
Genesco has agreed to sell its SureGrip Footwear subsidiary to Shoes For Crews (SFC), a leading American provider of slip-resistant footwear. The terms of the transaction were not disclosed. Using a proprietary technology, SureGrip produces and markets a broad line of occupational, slip-resistant shoes for the hospitality, grocery, foodservice, healthcare ...
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Shares in Skechers USA jumped by more than 15 percent...
Shares in Skechers USA jumped by more than 15 percent on Dec. 1 after the company announced that its founder and chief executive, Robert Greenberg, snapped up $11 million worth of stock in a move that analysts interpreted as a bullish stance on 2017 prospects. Greenberg, who acquired 500,000 shares ...
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Amazon France opened last month a 13,000 square-meter extension of...
Amazon France opened last month a 13,000 square-meter extension of its existing center in Orléans, a 70,000 square-meter site that first opened in 2007, in a move to shorten delivery times.
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Zalando will buy back 20,000 shares worth around €700,000 until...
Zalando will buy back 20,000 shares worth around €700,000 until Dec. 16
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LVMH plans to use some of its large cash reserves...
LVMH plans to use some of its large cash reserves for a share buy-back program worth €300 million that will run from Nov. 17 to Dec. 30
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Datateam Business Media, which publishes Footwear Today in the U.K.,...
Datateam Business Media, which publishes Footwear Today in the U.K., has sold SGB Outdoor and its other sports trade magazines to Silverback Publishing
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News briefs
Boa Technology, the company known for its unique closure system,...
Boa Technology, the company known for its unique closure system, has broken ground in the Denver area for the construction of a new 140,000-square-foot office building. Targeting LEED Silver certification, it will have one of the largest private green roofs in the city. The building will house the Boa Fit ...
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Tod's chief executive, Diego Della Valle, has announced that the...
Tod's chief executive, Diego Della Valle, has announced that the company will fund the building of a manufacturing center in Arquata del Tronto, one of the Italian villages hit by the earthquake in August. Arquata is located in the Marche region, where Tod's has its headquarters. The announcement was made ...
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The headquarters of Clarks' American subsidiary, which employs 400 people,...
The headquarters of Clarks' American subsidiary, which employs 400 people, has moved into Polaroid's historic four-story building in Waltham, Massachusetts
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Wolverine Worldwide said it has created 250 new jobs at...
Wolverine Worldwide said it has created 250 new jobs at its manufacturing facility in Michigan so far this year as it broke ground on a planned 16,000-square-foot extension. It should be completed in early 2017, allowing the company to add a new warehouse for incoming raw materials. Built in 1964 ...
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Pakerson, the Italian manufacturer of high-end men's shoes, has struck...
Pakerson, the Italian manufacturer of high-end men's shoes, has struck a deal with its employees, cutting the workforce at its factory near Florence by half to 33 people, in line with its production. It is trying to reduce its dependence on Russia and neighboring countries by looking at new markets, ...
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Alma, the company born two years ago from the merger...
Alma, the company born two years ago from the merger between Manas and Alfiere, has bought the 30 percent stake held by Cleto Sagripanti, his father Nazzareno and his sister Laura in the family holding company, which owns Manas, Lea Foscati and Khriò. The acquisition price has not been disclosed, ...
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LVMH has announced the acquisition of an 80 percent stake...
LVMH has announced the acquisition of an 80 percent stake in Rimowa, a German supplier of high-quality luggage and leathergoods founded back in 1898, for €640 million. It's a lot of money for a company whose sales were reportedly at €350 million in 2015, but with a projection that they ...
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Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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A Serbian newspaper, Vecernje Novosti, picked up by the Italian...
A Serbian newspaper, Vecernje Novosti, picked up by the Italian media, said that part of the staff of Geox' new local plant in Vranje is unsatisfied with working conditions. Vecernje Novosti said that some members of the staff have complained to the local authorities, adding that the Serbian labor ministry ...
