All Corporate articles – Page 42
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Short stops
W.L. Gore & Associates is moving its Spanish office to...
W.L. Gore & Associates is moving its Spanish office to Las Gloria, the technological district of Barcelona
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Short stops
René Caovilla is reportedly considering a stock market listing after...
René Caovilla is reportedly considering a stock market listing after big sales increases that have enabled the Italian brand of dress shoes to reach a turnover of €40 million in 2015
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News briefs
Yoox Net-a-Porter Group (YNAP) has sold a 4 percent stake...
Yoox Net-a-Porter Group (YNAP) has sold a 4 percent stake to Alabbar Enterprises, a Dubai-based investment vehicle, for €100 million. Richemont, the former parent of Net-a-Porter, will remain YNAP's largest shareholder. Yoox merged with Net-a-Porter in March 2015. Alabbar is owned by Mohamed Alabbar, the founder and chairman of Emaar ...
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News briefs
Belle International has acquired a 29 percent stake in Fashion...
Belle International has acquired a 29 percent stake in Fashion Box, the Italian company behind the Replay brand of jeanswear and accessories. It has bought the stake from the Buziol family under an agreement that also gives Belle the distribution of Replay in Greater China. Meanwhile, Belle has issued a ...
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News briefs
Bonvita, the Danish-based distributor of many brands of Wolverine Worldwide,...
Bonvita, the Danish-based distributor of many brands of Wolverine Worldwide, has completed its merger with Nordic Footwear Company, another Danish firm that took over the former trading division of Sanita Footwear in 2012. The new company that has come out of the merger, called Bonvita Footwear Company, will sell about ...
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News briefs
Local authorities in Tuscany are reportedly seeking a buyer for...
Local authorities in Tuscany are reportedly seeking a buyer for the Balducci brand of children's shoes. The once-famous Italian producer stopped operations last month, after trying to refinance itself, leading to the loss of jobs for about 40 workers. The company's factory in Tunisia will also be shut down.
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News briefs
Philippe Model, the French brand of high-end sneakers and various...
Philippe Model, the French brand of high-end sneakers and various accessories, is likely to be sold by an English fund, WFM, to 21 Investimenti, the private equity firm run by Alessandro Benetton, according to Pambianconews. The price of the transaction should be higher than €90 million, nine times last year's ...
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News briefs
The Bata chain in France is going once more through...
The Bata chain in France is going once more through bankruptcy proceedings. A court in Nanterre set March 9 as the deadline to receive bids for the acquisition of its remaining 72 stores. The chain was already downsized in connection with the previous insolvency of Bata France in November 2014, ...
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News briefs
Hudson Bay Co. has decided to invest about one billion...
Hudson Bay Co. has decided to invest about one billion euros in the next five to seven years to renovate the German chain of Galeria Kaufhof department stores that it acquired in 2015, building it up as a premium destination for accessible luxury. One of the focuses of the investment ...
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News briefs
Iconix Brand Group has obtained a loan of $300 million...
Iconix Brand Group has obtained a loan of $300 million from the Fortress Investment Group. While it will cost $9 million in annual interest expenses, the five-year loan sent the stock market capitalization by 17 percent for the financially distressed parent company of Umbro and many other brands. The news ...
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News briefs
Schuhaus Raab, a German chain of 15 stores, filed for...
Schuhaus Raab, a German chain of 15 stores, filed for insolvency proceedings on Feb. 10, citing completion from factory outlets and internet retailers. Another German shoe retailer, Schlathorst, has gone into voluntary insolvency proceedings. The receiver in the case is Christoph Niering, an attorney in Essen.
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News briefs
Richter raised the production capacity of its own factory in...
Richter raised the production capacity of its own factory in Partizánske, Slovenia, from a daily production of 1,150 pairs to 1,600 pairs per day in the last 4-6 months. In 2015, Richter sold a total of 850,000 pairs of shoes, 600,000 were made in the company's own factory in Slovenia. ...
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News briefs
Bullboxer will move its shoe production to Italy and Portugal,...
Bullboxer will move its shoe production to Italy and Portugal, starting with full spring/summer 2017 collection. The autumn/winter 2016/17 collection was already partly made in the two countries. Previously, Bullboxer was working together with production partners in Romania and China. The Dutch brand will also launch a B2B online platform ...
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News briefs
Genesco is selling its Lids Team Sports business to BSN...
Genesco is selling its Lids Team Sports business to BSN Sports in a further effort to improve the profitability of its Lids Sports Group of stores. The proceeds will be mainly used to finance a new program to buy back up to $100 million of its common stock. It has ...
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News briefs
Bruce Katz, a co-founder of Rockport, has opened a new...
Bruce Katz, a co-founder of Rockport, has opened a new office in Costa Mesa, California for his new line of comfortable and functional men's shoes, called Samuel Hubbard, which are made in Portugal. The line, which was launched in 2014, takes its name from the Hubbard Shoe Company, a children's ...
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News briefs
Hub, the Dutch footwear brand, moved the production of its...
Hub, the Dutch footwear brand, moved the production of its shoe collection from China to Vietnam six months ago. A production partner in Vietnam now takes care of Hub's full shoe collection. The company was previously working with various production partners in China. Only shoes with leather outsoles, a small ...
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News briefs
Iconix Brand Group, the owner of Umbro, Candie's and several...
Iconix Brand Group, the owner of Umbro, Candie's and several other brands, has adopted a short-term shareholder rights plan after a sharp decline in its share price in recent months. Sports Direct International (SDI), the British retailer, acquired indirect economic interests amounting to 14.4 percent in Iconix in the last ...
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News briefs
Shoes.com, the growing North American online shoe retailing group set...
Shoes.com, the growing North American online shoe retailing group set up by Roger Hardy in 2014, after his sale of a Canadian-based online store for eyeglasses and contact lenses to Essilor, wants to raise between $25 million and $50 million in private funding to help finance some new acquisitions, according ...
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News briefs
Marc Shoes has made adjustments to the product development and...
Marc Shoes has made adjustments to the product development and sourcing process to regain the confidence of some retailers that had stopped working with the German brand because of quality and delivery problems. Its shoes were previously made for the most part in India and some other Asian countries. Now ...
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News briefs
The Danish Bestseller Group has agreed in principle to acquire...
The Danish Bestseller Group has agreed in principle to acquire a majority stake in Bianco Footwear, a Dutch-based group that has built up a network of more than 140 corporate and franchised stores in Scandinavia, the German-speaking countries, Poland and the Middle East. The stores sell only Bianco's private label ...
