All Corporate articles – Page 46
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Wolverine Worldwide has raised its senior secured credit facility by...
Wolverine Worldwide has raised its senior secured credit facility by $300 million to $950 million, comprising a term loan of $450 million and a $500 million revolving credit. The new credit agreement negotiated with company's lenders also extends the maturity date of the facility. It lowers the cost of servicing ...
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Groupe Royer, which has owned the Charles Jourdan and Stéphane...
Groupe Royer, which has owned the Charles Jourdan and Stéphane Kélian brands since 2008, stopped the remaining production of their shoes in a small workshop at Bourg-de-Péage two years ago. A small French brand of women's shoes, Ellips, has reportedly bought the workshop to place it at the disposal of ...
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Eleven people reportedly died when the building of a Chinese...
Eleven people reportedly died when the building of a Chinese shoe factory collapsed a few days ago. More than 30 of the 51 workers at the plant were injured. The factory is located at Wenling in Zejiang province.
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Duca del Cosma, the German brand of golf and golf-inspired...
Duca del Cosma, the German brand of golf and golf-inspired shoes and clothing, has filed for insolvency proceedings in a court at Landshut. Plans are to stabilize the financial situation and to look for professional investors with the help of Advantum Corporate Finance. The brand was launched in 2004 by ...
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A French manufacturer of safety and work boots, Etché Sécurité,...
A French manufacturer of safety and work boots, Etché Sécurité, was also affected by a fire, which damaged a rubber deposit on July 10, according to Hebdo Cuir. More than 50 firefighters activated themselves, preventing the fire from spreading to the shoe manufacturing factory itself.
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With a view to increasing its production capacity, Berluti has...
With a view to increasing its production capacity, Berluti has moved its former plant, located in Ferrara, in Italy's Emilia Romagna, to an 8,000-square-meter facility at Gaibanella, a village in the outskirts of of the town. The new plant, which reportedly represents an investment of more than €10 million, employs ...
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Yet another Dutch shoe retail chain, Ardenberg, has run into...
Yet another Dutch shoe retail chain, Ardenberg, has run into financial difficulties, forcing it to file for insolvency. The company runs 49 stores in the Netherlands. Strong competition from online retailers is said to have been one of the reasons for its problems.
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In only a few years, annual deliveries of Desigual's colorful...
In only a few years, annual deliveries of Desigual's colorful footwear line have reached about half a million pairs. Starting with the spring/summer 2016 footwear collection, which is bigger and more mainstream than before, the Spanish fashion company is transferring 80 percent of the shoe production from China to Spain ...
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Vecchia Toscana, based in Fucecchio, near Florence, has announced its...
Vecchia Toscana, based in Fucecchio, near Florence, has announced its takeover of Ilcea, a Turin-based tannery specializing in the tanning of classic calf leathers for men's luxury footwear. Ilcea had been placed into liquidation with effect from July 24, 2013. Vecchia Toscana signed a management contract to run Ilcea as ...
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Huajian has announced it will increase its workforce in Ethiopia...
Huajian has announced it will increase its workforce in Ethiopia by ten times in the coming years. According to reports in The Financial Times, the Dongguan-based footwear maker, which currently employs 4,000 people in the African country, will raise it to a total of 40,000 in the coming years. In ...
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Skechers USA has been upgraded by Standard & Poors Dow...
Skechers USA has been upgraded by Standard & Poors Dow Jones to its MidCap 400 Index. Meanwhile, financial analysts have been speculating that Nike and Adidas have been considering a takeover of the fast-growing American lifestyle and sports footwear brand. Apparently, there has been no expression of interest, though.
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Caleres, the American company previously called Brown Shoe Co., has...
Caleres, the American company previously called Brown Shoe Co., has announced a private placement of $200 million worth of senior notes due in 2023. As of July 27, it received tenders for $160.7 million. The net proceeds of the offering and cash on hand would allow Caleres to purchase back ...
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Richter, the Austrian brand of children's shoes, has also participated...
Richter, the Austrian brand of children's shoes, has also participated in the reshoring trend. It has brought back to Europe 60 percent of its annual volume of 850,000 pairs. The balance is still made in India and Vietnam.
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Skechers has signed a new credit agreement with various banks,...
Skechers has signed a new credit agreement with various banks, replacing the one it had negotiated in 2009. It covers revolving loans of up to $250 million, or even $350 million, with relatively marginal interest rates. It allows Skechers to pay dividends to its shareholders and to buy back shares ...
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A fire broke out on July 22 in the factory...
A fire broke out on July 22 in the factory of Erich Rohde in the German town of Schwalmstadt, which handles product development, but only the building was damaged. No one was injured. Estimating the damages at around €20,000, Harald Neisser, the recently appointed chief executive of Rohde, assured us ...
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Pikolinos and Gioseppo are reported to have pledged to provide...
Pikolinos and Gioseppo are reported to have pledged to provide some financial support to salvage their local football club, Elche CF. The two Spanish footwear companies have apparently pledged €200,000 and €100,000, respectively, to help prevent the club's insolvency. Gioseppo is already a sponsor of the club. Elche ended the ...
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Diadora has reopened a production line at its factory in...
Diadora has reopened a production line at its factory in Caerano di San Marco, near Montebelluna, to make a “made in Italy” line of high-end sneakers in collaboration with leading sneaker stores. The goal is to reach an annual output of about 100,000 pairs. The plant has been closed for ...
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A majority of Rocket Internet's shareholders has decided to raise...
A majority of Rocket Internet's shareholders has decided to raise up to two billion euros in new funding through convertible bonds and other means to help it to become the biggest internet platform outside the U.S. and China. The Berlin-based company, which helped Zalando to start up, already has about ...
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Hai Hung Footwear Export Company of Vietnam has reportedly lost...
Hai Hung Footwear Export Company of Vietnam has reportedly lost more than $100,000 from the destruction of machinery and thousands of pairs of shoes in a fire at its factory in the northern province of Hai Duong. The reports indicate that there were no casualties.
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Sport Nordic, the Danish company that owns the Sportmaster chain...
Sport Nordic, the Danish company that owns the Sportmaster chain of sporting goods stores, has taken over Rezet Sneaker, a n iconic store in Copenhagen that sells the sneakers of major sports brands. Rezet was originally founded in Ibiza by the founder of Unisport, Henrik Bousager Larsen, and it opened ...
