All Corporate articles – Page 59
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News briefs
RM Williams, an Australian leathergoods, footwear and fashion brand, has...
RM Williams, an Australian leathergoods, footwear and fashion brand, has announced that L Capital Asia, a Singapore-based private equity fund backed by LVMH, has acquired a 49.9 percent share in the company. The transaction, which is expected to be completed by mid-May, was reportedly valued at around 52 million Australian ...
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Shareholders of Tod's have approved a proposal by their president, Diego...
Shareholders of Tod's have approved a proposal by their president, Diego Della Valle, to donate one percent of its annual net profits to support activities in the Marche region, where the company is based, in an attempt to concretely help the Italian economy, severely affected by the financial crisis. The annual meeting ...
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News briefs
Italy's Sixty Group has signed an agreement that allows employees...
Italy's Sixty Group has signed an agreement that allows employees to continue to receive unemployment benefits until May 25, 2013, when new extraordinary funds from the state's “cassa integrazione” redundancy scheme will then become available for one more year. Without this new agreement, signed by the company with the Italian ...
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News briefs
As affiliated retailers have been struggling to keep sales up...
As affiliated retailers have been struggling to keep sales up in February and March, Sabu has decided to postpone the deadline for their payments on centralized settlements which were due on April 10. The German buying group has extended the deadline for a period of 30 days free of charge ...
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News briefs
PPR, the French luxury and sports group whose name is...
PPR, the French luxury and sports group whose name is switching is to Kering, has acquired France Croco, a leading French supplier of crocodile skins. The takeover will help to secure a stable supply of high-quality crocodile leather for its brands. It follows similar moves by Hermès and Louis Vuitton ...
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News briefs
Wanda Milletti Ferragamo, wife of the late Salvatore Ferragamo, who...
Wanda Milletti Ferragamo, wife of the late Salvatore Ferragamo, who died in 1960, is the president of the new Ferragamo Foundation, which officially started its activities on March 15 in Florence, after a long time spent working on the project by the Ferragamo family. The foundation has been created to ...
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News briefs
Fly London introduced a new production line at the end...
Fly London introduced a new production line at the end of the last year that should help the company reduce the time of handling orders and reorders. Fly London owns two factories in Portugal. One of the production lines was rebuilt in order handle reorders much more quickly than before. ...
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News briefs
Gabor Footwear has decided to stop the distribution of Snipe,...
Gabor Footwear has decided to stop the distribution of Snipe, starting with the autumn/winter 2013 season, because it does not see any growth potential for this Spanish label, which it took over in March 2009, with the exception of its rights on the Spanish market. Sales of the brand increased ...
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News briefs
Zalando is set to reduce its staff in the U.K....
Zalando is set to reduce its staff in the U.K. According to just-style.com, the German online clothing and footwear retailer is cutting back on staff at its purchasing office in London, leaving a small team of four or five people there, while the other 13 employees have been offered the ...
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News briefs
As reported in the last issue of Shoe Intelligence, Lenzi...
As reported in the last issue of Shoe Intelligence, Lenzi Egisto has gone into liquidation, with its business split into two partners – wovens and nonwovens. The textile division, which is an important supplier of innovative and technical fabrics for the footwear industry, is being turned into a new company, ...
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News briefs
Fratelli Rossetti and Istituto Marangoni, the Milan-based fashion training institution,...
Fratelli Rossetti and Istituto Marangoni, the Milan-based fashion training institution, will co-host a workshop in Milan on March 11 for the students in its master's degree course in fashion accessories and luxury goods. Students will then be given two months to create a product that is innovative and in line ...
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News briefs
Prada is close to finalizing negotiations for the acquisition of...
Prada is close to finalizing negotiations for the acquisition of an 80 percent interest in Pasticceria Confetteria Cova, the historic Milanese coffee and pastry shop located in via Montenapoleone, on the corner of via Sant'Andrea and next to the women's boutique of the Italian brand. Inaugurated in 1817 by Antonio Cova, a soldier ...
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News briefs
Longchamp is focusing on footwear. For spring 2013, the French...
Longchamp is focusing on footwear. For spring 2013, the French leather and luxury goods brand has introduced its most extensive range of shoes to date, with a focus on wedge and flat sandal styles. The collection will be further expanded for autumn 2013 to about 100 SKUs, up from 50 ...
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Short stops
Ricosta has launched a new B2B online platform to facilitate...
Ricosta has launched a new B2B online platform to facilitate consultation, orders and payments and other transactions with its clients
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News briefs
The Wolverine 1883 shoe collection is the first collection of...
The Wolverine 1883 shoe collection is the first collection of Wolverine Worldwide to be produced in Portugal. Last autumn, the company added Portugal as new sourcing country. The 1883 collection will be available from autumn this year. The company aims to expand the production in Portugal if it proves to ...
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News briefs
Farida, the Indian footwear group, has set up a tannery...
Farida, the Indian footwear group, has set up a tannery near Addis Ababa in Ethiopia through its subsidiary in Singapore. The company sources all of its own materials through its subsidiaries. Farida focuses on exports, with 47 percent of its sales going to the EU. North America and Asia-Pacific each ...
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News briefs
Lenzi Egisto, a major supplier of innovative textiles to the...
Lenzi Egisto, a major supplier of innovative textiles to the shoe industry, is going into liquidation. Its family shareholders, who refused to inject money into the company after the death of Egisto Lenzi in July 2009, have been asked to approve a proposal tomorrow to split the assets and sell ...
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News briefs
Native Shoe, the Vancouver company known for its colorful EVA...
Native Shoe, the Vancouver company known for its colorful EVA footwear, has signed a nonbinding letter of intent to sell a controlling interest to an investment group. Though specific terms of the deal have not been disclosed, Scott Hawthorn, the acting chief executive and majority investor, will sell his majority ...
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News briefs
Nike Inc. has completed the sale of Cole Haan to...
Nike Inc. has completed the sale of Cole Haan to Apax Partners for $570 million. As planned, Jack Boys, who has run Converse for ten years, has been appointed chief executive of Cole Haan. He previously served as vice president of global marketing for The North Face. The American shoe ...
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News briefs
Iris Shoes is responding to the harsh competition from Chinese...
Iris Shoes is responding to the harsh competition from Chinese firms in the Riviera del Brenta shoe district by investing over €15 million in a new 12,000 square meters facility at Fossò, near Venice. With annual revenues of more than €50 million and plans to reach €90 million for 2015, ...
