All Corporate articles – Page 49
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A new partner is expected to help Fornari, the parent...
A new partner is expected to help Fornari, the parent company of Fornarina, to expand online and in Asian markets, and to get out of insolvency proceedings. Its name should be revealed in the next few weeks, according to the Italian press. Led by Lino Fornari, the company is said ...
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Intertek has inaugurated a new, energy-efficient and environmentally clean leather...
Intertek has inaugurated a new, energy-efficient and environmentally clean leather and footwear testing facility at Dhaka in Bangladesh. The testing group will also offer environmental auditing, testing, safety assessments and technical training services to the growing leather, leathergoods and footwear industry in the country.
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Simple has been reintroduced through a partnership between Harbor Footwear...
Simple has been reintroduced through a partnership between Harbor Footwear and Denis Ryan, the footwear veteran who acquired the Simple trademark and intellectual property rights from Deckers in late 2014. The ethical footwear firm closed in 2011 and is scheduled to relaunch this autumn. The full collection of men's and ...
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G-Star Raw will take back fully the development and sale...
G-Star Raw will take back fully the development and sale of its footwear lines from its licensee, Overland Shoes, starting in November. Based in the U.K. and run by a seasoned industry official, Stephen Palmer, Overland has been the licensee of the denim brand for nine years. Overland has been ...
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Tata International has announced that it will establish a new...
Tata International has announced that it will establish a new factory near Chennai. The facility will involve an initial investment of around $4 million and will have an annual production capacity of two million pairs, bringing the group's total shoe production capacity to around 8.5 million pairs a year. The ...
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Aiming for greater efficiencies, Leder & Schuh, the Austrian shoe...
Aiming for greater efficiencies, Leder & Schuh, the Austrian shoe retailing group that owns Humanic, Stiefelkönig and other chains, is laying of 65 of the 300-odd employees at its head office in Graz
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Groupe Royer has finally reached an agreement for the acquisition...
Groupe Royer has finally reached an agreement for the acquisition of Noël Soccer, the subsidiary of the Noël group that holds the Umbro license for France. Noël is known in the shoe market primarily for its Sledgers and Babybotte brands. As previously reported, a French court pronounced the insolvency of ...
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Shoon is up for sale again. The owners of the...
Shoon is up for sale again. The owners of the English footwear chain have hired advisers at BDO to search for a buyer, less than a year after it was sold to the former bosses of Jones Bootmaker, industry veterans Ken Bartle and Peter Phillips. According to reports in The ...
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Alexandria has announced that it is to close down after...
Alexandria has announced that it is to close down after 70 years in business. The Italian footwear maker, based in Alessandria, in Piedmont, said the decision has been caused by the difficulties caused by the long economic downturn. It was the last remaining large-scale shoe manufacturer in the province of ...
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After campaigning for entrepreneurship over the last few years, Diego...
After campaigning for entrepreneurship over the last few years, Diego della Valle, chairman, chief executive and a major shareholder in Tod's, is reportedly planning to form a new political party, called “Noi Italiani”
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Steve Madden has announced that it has acquired the intellectual...
Steve Madden has announced that it has acquired the intellectual property and related assets of Blondo from Regence Footwear and 3074153Canada. The terms of the transaction were not disclosed. Blondo, a footwear brand specializing in waterproof leather boots, was founded more than a century ago. It sells its products to ...
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Sycamore Partners, which acquired The Jones Group in April 2014...
Sycamore Partners, which acquired The Jones Group in April 2014 for $2.2 billion, appears to be interested in keeping only Nine West, Easy Spirit, Anne Klein and a few other operations. It announced that is studying strategic alternatives for the divestiture of the fashion brands Jones New York, Jones New ...
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Ecco is dismissing about 260 of its 1,000-plus employees at...
Ecco is dismissing about 260 of its 1,000-plus employees at its manufacturing facilities in Slovakia because of the tough conditions it is encountering in the Russian market
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Lotto Sport Italia and Stonefly, which share some managers and...
Lotto Sport Italia and Stonefly, which share some managers and shareholders, are reportedly studying a possible alliance at the administrative and logistic levels (to be covered in the next regular issues)
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News briefs
Prada Holding, which recently settled the fiscal claims of Italian...
Prada Holding, which recently settled the fiscal claims of Italian tax authorities, has moved its registered office from Luxembourg to Milan. New on the board of directors is Lorenzo Bertelli, 27, who is the eldest son of the group's main shareholders and executives, Patrizio Bertelli and Miuccia Prada.
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The board of directors of Shoe Carnival, the U.S. shoe...
The board of directors of Shoe Carnival, the U.S. shoe retail chain, has authorized a new $25 million share repurchase program starting on Jan. 1
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The Chinese government plans to create three new free-trade zones...
The Chinese government plans to create three new free-trade zones in the provinces of Guangdong and Fujian and in the port city of Tianjin, modeled after the Shanghai free zone set up one year ago
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BASF Poliuretani Italia is merging into BASF Italia
BASF Poliuretani Italia is merging into BASF Italia
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News briefs
A court in Macerata is expected to approve shortly the...
A court in Macerata is expected to approve shortly the insolvency of another Italian medium-sized shoe company, Cesare Paciotti, says the financial daily Il Sole 24 Ore. According to the newspaper, the company is proposing to pay back 35 percent of its debts of €20 million and to close down ...
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Brown Shoe Co., Coach and a private equity fund, Advent...
Brown Shoe Co., Coach and a private equity fund, Advent International Corp., are the last remaining candidates for the acquisition of Stuart Weitzman, according to various media, and they are all conducting a due diligence investigation of its accounts. Sycamore Partners, who bought the Jones Group earlier this year for ...
