All Corporate articles – Page 61
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Gladstone Capital Corporation has bought a loan from one of...
Gladstone Capital Corporation has bought a loan from one of the existing lenders of Allen Edmonds Shoe Corporation, thus investing $19.5 million in this American manufacturer of premium men's footwear and accessories. Allen Edmonds, a company in the portfolio of Goldner Hawn Johnson & Morrison, was predicting a 20 percent ...
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The board of directors of Shoe Carnival has extended the...
The board of directors of Shoe Carnival has extended the expiration date of its $25.0 million share repurchase program to Dec. 31, 2013. The program is being funded by cash on hand, and shares can be purchased on the open market or through private deals. The total number and value ...
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Apax Partners is preparing a senior secured financing package for...
Apax Partners is preparing a senior secured financing package for its $570 million acquisition of Cole Haan from Nike. The transaction will reportedly involve a $270 million seven-year term loan and a $100 million asset-based revolving credit.
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Converse announced plans to move its global headquarters to a...
Converse announced plans to move its global headquarters to a new location in Boston in April 2015 from its current base in North Andover, a town a few miles away in the same state of Massachusetts. Measuring more than 186,000 square feet, the new office space will be developed as ...
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Braccialini has announced the terms of a restructuring plan, following...
Braccialini has announced the terms of a restructuring plan, following a meeting between the company's management and union representatives at the end of December. The Tuscan leathergoods group controls the Braccialini, Gherardini and Francesco Biasia brands, and holds the Vivienne Westwood license. The agreement calls for lower wages and shorter work hours ...
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Short stops
Payless ShoeSource, which recently changed hands, has announced that...
Payless ShoeSource, which recently changed hands, has announced that it is laying off 45 employees at its head office in Topeka and eliminating 97 other positions across its store network.
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Since Jan. 1, Mexx has a new licensing partner for...
Since Jan. 1, Mexx has a new licensing partner for its footwear. A newly founded company, B.S.I Branded Shoes International, has taken on the license under the management of Andreas Neuhaus. In 2010, the footwear license was taken away from the former Dutch-based license partner, Mexx Shoes BV, which was ...
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An Italian shoe company, Olando Chelini, has halted production of...
An Italian shoe company, Olando Chelini, has halted production of its high-end women's sandals due to a squeeze on credit facilities, which is similarly affecting a number of other shoe and apparel companies in Italy as banks are reacting to the economic crisis in the country. Local authorities are looking into ...
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The new business plan for Italy's Sixty Group was presented...
The new business plan for Italy's Sixty Group was presented at a meeting at the Ministry of Economic Development on Dec. 6. The plan envisages the creation of a new company with only 50 of the 400 employees at its head office in Chieti. That may rise to 120 by 2018 if revenues reach ...
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Faguo, a small French brand of trendy casual shoes, has just...
Faguo, a small French brand of trendy casual shoes, has just raised €1.5 million from a French private investor. The funds will support the company's plans to expand its product offering and accelerate its commercial deployment both in France and internationally. The French brand, which expects its sales to grow by 70 percent ...
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Jones Bootmaker is planning to shut its Eastbourne headquarters, in...
Jones Bootmaker is planning to shut its Eastbourne headquarters, in Sussex, and relocate all its front-end departments to London. As reported by Drapers, the U.K.-based footwear retailer is entering a period of consultation about the move, which would affect between 30 and 40 staff members. Recently, the company announced that ...
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Weyco Group, the U.S. parent company of Florsheim, Bogs, Nunn...
Weyco Group, the U.S. parent company of Florsheim, Bogs, Nunn Bush and other footwear brands, said that it will accelerate payment of its regular dividend of 17 cents for the second quarter on Dec. 31 to avoid a potential increase in capital gain taxes in the U.S. in 2013. Quarterly cash dividends would typically ...
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Jos Sengers, a former senior executive of Bata Industrials, has...
Jos Sengers, a former senior executive of Bata Industrials, has created a new company for the development of new footwear concepts and sourcing in behalf of European and Australasian companies. Based in the Netherlands, he is working with a partner in Dongguan, China, who has been developing safety, sports and children's shoes ...
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Esprit announced last week that it has granted options on...
Esprit announced last week that it has granted options on 8,450,000 of its shares to certain unnamed individuals under a 3-year-old share options scheme. The shares will become gradually vested and can be exercised six years from now. This came after the secondary offering of shares launched by Esprit on Oct. 22, which was ...
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Crocs has entered into an amendment to its restated credit...
Crocs has entered into an amendment to its restated credit agreement, expanding the existing $70 million line of credit set to expire in December 2016 with a five-year, $100 million revolving line of credit with interest rates 0.5 percentage points lower than before. The loan is provided by PNC Bank NA. ...
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The Danish children's clothing company H. Utoft has purchased all...
The Danish children's clothing company H. Utoft has purchased all the shares of A Fant, a children's shoe manufacturer from Denmark. Last year, H. Utoft bought 60 percent of the shares in A Fant, and now it has bought the balance of the equity. H. Utoft is already behind four ...
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Nike Inc. reported last month a definitive agreement to sell...
Nike Inc. reported last month a definitive agreement to sell its casual footwear brand, Cole Haan, to an investment fund, Apax Partners, for $570 million. It had already sold Umbro to Iconix a few weeks earlier (more on this in SGI Europe). The price corresponds to more than one year ...
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After selling his shares in Salvatore Ferragamo, Massimo Ferragamo has...
After selling his shares in Salvatore Ferragamo, Massimo Ferragamo has now also halved his share in Ferragamo Finanziaria, the family holding company that controls 57.7 percent of the listed company, in which every one of the six Ferragamo brothers participates. Massimo Ferragamo, who sold the shares to his brothers, now ...
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With a personal fortune evaluated at more than $2.5 billion,...
With a personal fortune evaluated at more than $2.5 billion, Hanni Toosbuy Kasprzak, who has chaired Ecco's supervisory board since 1996, is the wealthiest woman in Denmark according to a Danish newspaper, Berlingske. That's way ahead of the No. 2 in the ranking, Sofie Kirk Kristiansen, heiress to the Lego toy empire. ...
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Esprit is offering to its shareholders to buy a third...
Esprit is offering to its shareholders to buy a third share for two shares in their possession in order to raise up to 5,246 million Hong Kong dollars {€530m-$690m) for its future development. It is offering the new shares at 36 percent below their closing price before the announcement. Meanwhile, ...
