All Corporate articles – Page 47
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News briefs
My Slippers will cease trading from the end of June,...
My Slippers will cease trading from the end of June, as its founder Fiona Dreesmann retires. Dreesmann created the etailer of bespoke slippers in 2010. The site will redirect to Broadland Slippers, the Norwich-based manufacturer that made My Slippers' products.
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Guangzhou Canudilo, a Chinese company that is distributing the Dirk...
Guangzhou Canudilo, a Chinese company that is distributing the Dirk Bikkembergs brand through about 20 mono-brand stores in its home market, has acquired a 51 percent stake in Levitas, the company that owns the rights to the Belgian designer's brand, for about €4 million. The seller is Zeis Excelsa, the ...
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Zalando's listing on the Frankfurt Stock Exchange has been upgraded...
Zalando's listing on the Frankfurt Stock Exchange has been upgraded from the SDAX to the MDAX index of the 50 major German mid-cap companies. The market capitalization of the company has risen by 40 percent since it went public last October on the strength of its improved financial results.
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Caleres, formerly Brown Shoe Company, has announced it will make...
Caleres, formerly Brown Shoe Company, has announced it will make a substantial investment to expand its distribution facility in Lebanon, Tennessee. The expansion is expected to be completed by the fourth quarter of 2016 and to create more than 40 new jobs. The Lebanon facility currently employs around 240 people. ...
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Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
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Gordon Brothers, an American investment group based in Boston, is...
Gordon Brothers, an American investment group based in Boston, is said to be interested in the possible takeover of the Brantano and Jones Bootmaker chains from Macintosh Retail Group, as well as its Dutch do-it-yourself chain, Kwantum
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Mikro-Pak has reassigned its marketing and customer service activities for...
Mikro-Pak has reassigned its marketing and customer service activities for the U.K. and Ireland to its main European office in the Netherlands, thus terminating its relationship with Steve Bracewell. Since May 1, all business and service needs for the region are handled directly from Micro-Pak's Hong Kong headquarters, with support ...
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The Danish Bestseller group is moving its 800-odd employees from...
The Danish Bestseller group is moving its 800-odd employees from various locations in Aarhus into a single headquarters near the harbor of the city. It comprises six buildings with a total surface of 21,500 square meters. Two of the buildings house a cafeteria, conference rooms, recreational areas and other shares ...
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Yue Yuen has sold 727 million shares in Symphony Holdings...
Yue Yuen has sold 727 million shares in Symphony Holdings for $3.7 million, which will be reinvested in its core business
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An Italian investment group, Palladio Finanziaria, has acquired a 40...
An Italian investment group, Palladio Finanziaria, has acquired a 40 percent stake in Finproject, the Italian company that makes the EVA soles for Crocs' shoes. Palladio, which bought the shares from Xenon Private Equity through a subsidiary called Vei Capital, will help Finproject to broaden the use of its special ...
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Schuh, the British footwear retailer owned by Genesco, has decided...
Schuh, the British footwear retailer owned by Genesco, has decided to distribute a bonus of £25 million (€35.2m-$38.7m) among its 3,500-odd employees to reward its staff. When it took over the chain in 2011 for £125 million (€175.9m-$193.6m), the American parent company had agreed that it would establish a bonus ...
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Berkshire Partners, an investment firm based in Boston, has teamed...
Berkshire Partners, an investment firm based in Boston, has teamed up with the management at Implus Corporation to acquire a majority stake in the U.S. company, which owns a gaggle of accessory brands in the footwear and fitness markets. The stake was bought from Trilantic North America at an undisclosed ...
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Coach has closed the planned acquisition of Stuart Weitzman from...
Coach has closed the planned acquisition of Stuart Weitzman from Sycamore Partners, which had acquired the business from the former Jones Group. The leathergoods giant has made an initial cash payment of $530 million to Sycamore. It will be followed by the payment of up to $44 million, depending on ...
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Converse has inaugurated its new 10-floor headquarters on Boston's Lovejoy...
Converse has inaugurated its new 10-floor headquarters on Boston's Lovejoy Wharf, which also houses its sixth concept store in the U.S.
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Clarks has signed a 15-year lease on a 120,000-square-foot property...
Clarks has signed a 15-year lease on a 120,000-square-foot property in Waltham, Massachusetts , previously occupied by Polaroid, that will house the new corporate headquarters of its American subsidiary. Construction work has already started. The staff is expected to move into the new, energy-efficient building in the autumn of 2016.
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Rocket Internet plans to move its head office next year...
Rocket Internet plans to move its head office next year to a new building in Berlin, across from the former Checkpoint Charlie, where it will also house some of the companies it owns and new start-ups
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Pentland Group has made an investment in Isa Pia, an...
Pentland Group has made an investment in Isa Pia, an up-and-coming American shoe designer who is already supported by the CFDA fashion incubator program of New York, according to Footwear News. She launched her first collection in 2011. After the introduction of her brand at major New York department stores ...
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Netshoes, the world's largest internet retailer for sporting goods, has...
Netshoes, the world's largest internet retailer for sporting goods, has secured $45 million in new funding from Riverwood Capital and the International Finance Corporation, which belongs to the World Bank, to further expand its presence in Argentina and Mexico. It should also help the Brazilian company to develop its own ...
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Idana, the German private label specialist that has taken on...
Idana, the German private label specialist that has taken on a license for Bruno Banani shoes, has opened a sourcing office in Vietnam
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Noël, the French shoe company that went into receivership last...
Noël, the French shoe company that went into receivership last December, is reportedly interested in divesting Sledgers, its brand of men's shoes, to focus on Babybotte, its brand of children's shoes
