All Corporate articles – Page 54
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DSW has acquired a 50 percent stake in Town Shows,...
DSW has acquired a 50 percent stake in Town Shows, the largest footwear and accessories retailer in Canada, for €50 million, with the option to buy additional shares in four years. Town Shoes, based in Toronto, posted sales of €195 million in its fiscal year ending January 2014. The company ...
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Founded by George Warren Brown in 1878 in St. Louis,...
Founded by George Warren Brown in 1878 in St. Louis, Missouri, Brown Shoe Co. was the 24th company to have been trading on the New York Stock Exchange for 100 years when its current chief executive, Diane Sullivan, rang its Closing Bell on April 23. The company celebrated the event ...
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The Hong Fu Footwear Group of Taiwan has opened three...
The Hong Fu Footwear Group of Taiwan has opened three factories in the Tambonil industrial zone of Santiago in the Dominican Republic. According to a press release issued by Taiwan's embassy in the Caribbean country and reported by The China Post, they are expected to produce one million pairs per ...
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The new management of Manas has filed a request for...
The new management of Manas has filed a request for temporary unemployment subsidies to cover the planned layoff of 22 of its 80 directly employed workers. Luciano Bagnobianchi, who took the place of Cleto Sagripanti last autumn as chief executive of the Italian company, declined to comment on the reasons ...
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Ecco is not the only major footwear company boosting its...
Ecco is not the only major footwear company boosting its Portuguese manufacturing operations. Ara Shoes has invested more than €3 million in the purchase of a direct injection machine by Desma for its factory in Portugal and other operations, creating 50 new jobs and adding a capacity of more than ...
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L Capital Management and its sister fund L Capital Asia...
L Capital Management and its sister fund L Capital Asia have taken a 30-percent stake in Vicini, which owns Giuseppe Zanotti Design. Both private equity funds are backed by LVMH. Vicini owns 85 branded stores and exports more than 90 percent of its production. The Italian luxury shoe brand posted ...
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Bondi Marketing, Dr. Martens' German distributor, which also takes care...
Bondi Marketing, Dr. Martens' German distributor, which also takes care of the Swiss and Austrian market, bought a new warehouse, to be used exclusively for Dr. Martens' shoe collections, at the beginning of this year. It also hired two new sales reps, following strong increases in sales and orders for ...
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Zalando became a limited liability corporation (AG) last December, but...
Zalando became a limited liability corporation (AG) last December, but it will again change its status to a Societas Europaea (SE), or European corporation, next summer. The change is expected to facilitate cooperation across national borders for this big and growing German-based internet retailer, which is still considering a public ...
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DSW has acquired an initial 44 percent stake in Town...
DSW has acquired an initial 44 percent stake in Town Shoes, the largest footwear and accessories retailer in Canada, for C$68 million (€44.6m - $61.7m). DSW said it had looked at Canadian entry options for some time and decided to acquire an existing successful operation, and to use this operation ...
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Short stops
Tod's will open a new factory for leathergoods at Pontassieve,...
Tod's will open a new factory for leathergoods at Pontassieve, near Florence
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Short stops
A Rockport Design Studio was opened in the Veneto region...
A Rockport Design Studio was opened in the Veneto region of Italy last year to get access to know-how in women's design, technical shoe development and the fashion industry in general
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The Merkur Shoe Group (MSG), a German buying group for...
The Merkur Shoe Group (MSG), a German buying group for shoe retailers, is taking over 23 of the 56 shoe shops of Fink Schue + Sport, the insolvent German retailer. They are not touching any of the eight sporting goods stores that have been operated by Fink. Members of MSG will be ...
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The big Chinese Huajian Group in Dongguan plans to open...
The big Chinese Huajian Group in Dongguan plans to open a factory in Ethiopia, near Addis Ababa, that is supposed to manufacture about five million pairs of shoes a year with some 10,000 workers. Jean-Pierre Bidegain, the French journalist who is reporting the project, saw some of the Ethiopian workers ...
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A Japanese manufacturer of shoes and leathergoods, Hiroki, is also...
A Japanese manufacturer of shoes and leathergoods, Hiroki, is also starting up a factory in Ethiopia this month. Called Hiroki Addis, it will make leather shoes, garments and handbags with local leathers that will be exported to Japan.
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Alibaba, the biggest Chinese e-commerce operator, is seeking to go...
Alibaba, the biggest Chinese e-commerce operator, is seeking to go public on the New York Stock Exchange or on Nasdaq with an offer intended to raise upto $15 billion for its further development. The group last reported a 51 percent increase in its revenues to $1.8 billion for the quarter ...
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Prada said that the deal confirming an 80-percent acquisition of...
Prada said that the deal confirming an 80-percent acquisition of Angelo Marchesi Srl, the parent company of Milanese eatery Pasticceria Marchesi, has been closed. The company gave no indication of the value of the deal. Pasticceria Marchesi, located on the elegant Corso Magenta, is known across the city for its ...
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Labelux Group, which took over Jimmy Choo in May 2011,...
Labelux Group, which took over Jimmy Choo in May 2011, is said to be studying a public offering on the London Stock Exchange for the brand that would value it at about £1 billion (€1.99bn-$1.66bn), but it is reportedly considering other alternatives to monetize its investment in the company, such ...
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A majority of more than 90 percent of Vivarte's 172...
A majority of more than 90 percent of Vivarte's 172 creditors have agreed in principle to a proposal to reschedule its debt and to support the French group's restructuring program. The new financing terms will be established following a four-month conciliation process. As previously reported, Charterhouse and other major shareholders ...
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A British equity fund, Eurazeo, is acquiring a 10% stake...
A British equity fund, Eurazeo, is acquiring a 10% stake in Desigual through an equity increase of €285 million designed to support the expansion of its sales network and its diversification into shoes, sports clothing and other product categories; Desigual's sales grew by 18 percent in 2013 to €828 million. ...
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Genesco has amended and restate its revolving credit facility for...
Genesco has amended and restate its revolving credit facility for an aggregate principal amount of $400 million, including a $70 million sublimit for the issuance of letters of credit and other clauses. A sub-facility for the U.K. limits the total amount to a maximum credit of $50 million, one-fifth of ...
