All Corporate articles – Page 51
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News briefs
A big fire reportedly damaged Zhejiang Global's factory in the...
A big fire reportedly damaged Zhejiang Global's factory in the industrial zone of Rui'an, which makes footwear components. There were apparently no injuries, but a large part of the machinery, raw materials, finished components and semi-manufactured shoes was destroyed.
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Bayer Consumer Care has become the new owner of Dr....
Bayer Consumer Care has become the new owner of Dr. Scholl and other brands after closing the acquisition of Merck Consumer Care for $14.2 billion. As previously reported, a German investment fund, Aurelius, earlier this year bought the licensed Scholl business for Europe and other parts of the world from ...
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Tata has announced plans to triple the size of its...
Tata has announced plans to triple the size of its footwear factory in Dewas, Madhya Pradesh, India. The facility is supposed to expand to produce 2.5 million pairs of shoes per year, as compared to the current 700,000 pairs. The Indian group also said that the expansion has the potential ...
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Adidas is said to be receiving an offer to sell...
Adidas is said to be receiving an offer to sell Reebok International for $2.2 billion, a lot less than the $3.8 billion that it spent to acquire the business eight years ago. As previously reported, Adidas is also considering selling the Rockport brand, and according to Footwear News, and Drydock ...
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Prada has acquired Tannerie Mégisserie Hervy, a French tannery based...
Prada has acquired Tannerie Mégisserie Hervy, a French tannery based near Limoges. The financial details of the deal were not disclosed. The purchase is a joint venture with Conceria Superior, a Tuscan tannery and long-time industrial partner of the Italian luxury fashion house. Prada will be the controlling partner in ...
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News briefs
Brown Shoe Company said it has led a $9 million...
Brown Shoe Company said it has led a $9 million round of funding for Jack Erwin, a New York City-based brand that offers handmade classic men's shoes directly to consumers. Other participants in this round include CrossLink Capital, Shasta Ventures, and FundersGuild – all of which are return investors. In ...
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News briefs
Boot Barn, a U.S. chain of 155 stores specializing in...
Boot Barn, a U.S. chain of 155 stores specializing in Western boots, has gone public, valuing the business at $385.2 million. Freeman Spogli, which had a share of 89 percent in the company, remains the controlling shareholder as only slightly more than 22 percent of the equity is now floating ...
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News briefs
Diego Della Valle and other members of his family have...
Diego Della Valle and other members of his family have taken advantage of the depressed share value of Tod's to raise their financial stake in the company. They bought 216,885 shares between Aug. 12 and 19, corresponding to 0.7 percent of the total equity, paying a total of around €17.3 ...
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News briefs
The business of Fairchild Fashion Media, publisher of Women's Wear...
The business of Fairchild Fashion Media, publisher of Women's Wear Daily, Footwear News and other trade publications, is changing hands again. Conde Nast, the publisher of Vogue and Vanity Fair, is selling the business to Penske Media Corporation, publisher of Variety and other magazines and internet-based information services. Comerica is ...
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News briefs
Caprice, one of the brands of the Wortmann group, plans...
Caprice, one of the brands of the Wortmann group, plans to invest €3 million for the development of its headquarters in Pirmasens, including the creation of a training center for sales personnel. As the purchasing department will be based in Pirmasens, Caprice is building a 800 sqm storage unit, that ...
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News briefs
Sycamore Partners, which bought the former Jones Group a few...
Sycamore Partners, which bought the former Jones Group a few months ago for $2.2 billion, is said to be actively planning to divest its controlling stake in Stuart Weitzman. The brand is generating estimated annual revenues of around $300 million. Reportedly its valuation could reach $800 million if the elderly ...
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News briefs
The court in Bologna that is handling the insolvency of...
The court in Bologna that is handling the insolvency of Bruno Magli has given its owners additional time until the month of November to present a new business plan that will have to be endorsed by its creditors. Meanwhile, Bruno Magli's showroom in Milan has been closed and most of ...
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Short stops
Bata India is consolidating two wholly owned subsidiaries, Bata Properties...
Bata India is consolidating two wholly owned subsidiaries, Bata Properties and Coastal Commercial Exim, merging them into the parent company
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News briefs
Scarosso, the online shoe retailer based in Berlin specializing in...
Scarosso, the online shoe retailer based in Berlin specializing in custom-made shoes made in Italy, has received a €8.5 million capital injection from Neo Investment Partners, DN Capital and VC Fonds Kreativwirtschaft Berlin. A regional investment bank in Berlin and other investors, including DN, had put nearly €2 million into ...
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News briefs
Original S.W.A.T, the American maker of tactical footwear, has purchased...
Original S.W.A.T, the American maker of tactical footwear, has purchased the majority of the assets of Tactical Holdings and Operations, the parent of Wellco and Altama. Terms were not disclosed. In July, Tactical Holdings filed a Chapter 11 Bankruptcy Petition in the U.S. Bankruptcy Court for the District of Delaware ...
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News briefs
The Dutch-based Macintosh Retail Group has sealed an agreement to...
The Dutch-based Macintosh Retail Group has sealed an agreement to sell all its 24 Scapino stores in Belgium as part of its “Rebalancing for Future Growth” program, but it will keep the chain's stores in the Netherlands. The terms of the transaction, which is set to take effect on Nov. ...
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Short stops
Gôrtz will adopt a new ERP system based on Microsoft's...
Gôrtz will adopt a new ERP system based on Microsoft's Dynamix AX platform by 2016 to implement its multi-channel retail program
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News briefs
Wolverine Worldwide is again looking at new acquisition opportunities, but...
Wolverine Worldwide is again looking at new acquisition opportunities, but with 16 brands already in its portfolio, it is mainly targeting brands with an annual turnover of between $75 million and $100 million and the potential to reach the $500 million level. Company officials also told analysts at a recent ...
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News briefs
Steve Madden has acquired Dolce Vita Holdings for $60.3 million...
Steve Madden has acquired Dolce Vita Holdings for $60.3 million in cash, plus an earn-out provision based on the future performance of the U.S. company, which had sales of around $111 million in the last financial year. Madden says it will use its proven business model and infrastructure to expand ...
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News briefs
The sale of RG Barry for $215 million has been...
The sale of RG Barry for $215 million has been completed. Mill Road Capital has acquired 50 percent of the shares. Blackstone Tactical Opportunities has bought a 48 percent stake. The balance will be held by a consortium of institutional investors. The new owners feel that the new ownership structure ...
