All Corporate articles – Page 62
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Famous Footwear, a British shoe retailer that has nothing to...
Famous Footwear, a British shoe retailer that has nothing to do with the chain operated by Brown Shoe Co. in the U.S., has gone into administration, a former of chapter 11 bankruptcy, after accumulating losses due to a difficult market environment. According to just-style.com, a restructuring specialist, GA Europe, will ...
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The relaunch of the Elsa Schiaparelli brand is taking longer...
The relaunch of the Elsa Schiaparelli brand is taking longer than expected. Diego Della Valle, who acquired the brand five years ago, has not yet appointed the designer who will lead the project. Thus, the brand's relaunch, which was scheduled for January, has been postponed until the summer of 2013.
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Labelux has sold Derek Lam back to its founders, Derek...
Labelux has sold Derek Lam back to its founders, Derek Lam and his chief executive, Jan-Hendrik Schlottmann. Labelux, which also owns Bally, Jimmy Choo and Belstaff, acquired a majority stake in Derek Lam in July 2008. The sale is part of Labelux' strategic decision to refocus activities on luxury leathergoods ...
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Li & Fung, the big sourcing and financial investment group...
Li & Fung, the big sourcing and financial investment group based in Hong Kong, is seeking to raise $500 million through the issuance of perpetual bonds in U.S. dollars. The company said that it plans to use the cash injection for business development and further acquisitions. The bonds will be ...
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Rucoline has also finalized the acquisition in Ginza of a...
Rucoline has also finalized the acquisition in Ginza of a four-story building that will host the offices of its Japanese subsidiary, Ruco Line KK, along with a showroom and a flagship store on the road
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According to Reuters, Nike is in final negotiations on the...
According to Reuters, Nike is in final negotiations on the sale of Cole Haan to Apax Partners for about $500 million, beating out the bids made by other equity firms. Jack Boys, former chief executive of Converse, would run Cole Haan to trigger a new phase of growth. According to ...
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Charles Vögele may be about to be sold to Inditex,...
Charles Vögele may be about to be sold to Inditex, according to a rumor that was neither confirmed nor denied, but boosted the shares of the Swiss retailer by 16 percent on the Swiss Stock Exchange. The company's chief executive, Franck Beeck, resigned at the end of September with immediate ...
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The Leiser group of shoe shops has come out of...
The Leiser group of shoe shops has come out of bankruptcy proceedings, following a settlement with its creditors. As previously reported, the proceedings were largely predicted when the Joseph Seibel group took an initial stake in the German retailer, which has been subsequently raised to 100 percent.
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The Dutch shoe manufacturer Schoenfabriek Wed. J.P. van Bommel will...
The Dutch shoe manufacturer Schoenfabriek Wed. J.P. van Bommel will be reopening its factory at its head office in Moergestel on Nov. 27. The renovated factory was completely destroyed by a fire in 1951. After a complete reconstruction in the last eight months, its space of 6,000 square meters will ...
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Planitoi, the Portuguese company that markets shoes under the Beppi...
Planitoi, the Portuguese company that markets shoes under the Beppi trade name, is reportedly negotiating a joint venture with a financially solid partner to establish a U.S. subsidiary before the end of this year. The new structure will enable the company to deliver merchandise from its own stock in the ...
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The takeover process for the bankrupt MBT by one of...
The takeover process for the bankrupt MBT by one of its Asian distributors, Andy Chaw, has been stopped. The Swiss court in Winterthur, which is handling the case, has reportedly accepted a request by Karl Müller, founder of the company, to review his objections to the sale of the ...
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A special shareholders' committee has approved Kenneth Cole's plan to...
A special shareholders' committee has approved Kenneth Cole's plan to take the company private for $15.25 a share, giving the firm a value around $250 million. Cole already owns 46 percent of the company's equity and controls 89 percent of its voting power but a majority of other shareholders needed ...
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New Stella of China has announced that it will build...
New Stella of China has announced that it will build a new production facility in Yongzhou County, in the south-central inland province of Hunan. The Chinese footwear brand will invest $300 million in the factory, which will concentrate on women's fashion shoes. The new facility is expected to employ 500 ...
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Bakers Footwear has filed for bankruptcy, after announcing store closures...
Bakers Footwear has filed for bankruptcy, after announcing store closures and cost-cutting measures due to declining sales last summer. The company listed assets of $41.9 million and debt of $59.5 million as of Apr.28 in the documents filed in U.S. Bankruptcy Court in St. Louis. According to court papers, the ...
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After meeting public authorities and the labor unions, Pietro Bongiovanni,...
After meeting public authorities and the labor unions, Pietro Bongiovanni, the recently appointed chief executive of Sixty Group, filed for preliminary bankruptcy proceedings because of a huge debt of more than €250 million and a big drop in revenues, which fell to €267 million last year, compared with a peak ...
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Remonte Dorndorf, the German shoe brand acquired by Rieker ten...
Remonte Dorndorf, the German shoe brand acquired by Rieker ten years ago, has changed its name to Remonte and launched a new logo and a new product range with new designs for the spring/summer 2013 season. The collection is accompanied for the first by a line of handbags. Rieker says ...
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KPMG is auditing the accounts of Jimmy Choo to consolidate...
KPMG is auditing the accounts of Jimmy Choo to consolidate those of its various subsidiaries, following its expensive acquisition by Labelux. The newest one is the brand's subsidiary in China. Jimmy Choo is in fact taking control of its distribution in Mainland China with immediate effect. The London-based footwear brand ...
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Zalando has obtained loans of €40.7 million from a pool...
Zalando has obtained loans of €40.7 million from a pool of banks to help finance its new 78,000-square-meter logistic center in Erfurt, Germany
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Geox has announced a €15.8 million investment in a new...
Geox has announced a €15.8 million investment in a new shoe factory in Serbia. The Serbian government is reportedly backing the project by giving the Italian company €9,000 for each of the 1,250 workers recruited for the project, or a total of €11.2 million. The factory should produce 1,250,000 pairs ...
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Cortina is investing €12 million in the establishment of ‘The...
Cortina is investing €12 million in the establishment of ‘The Cortina Chain of Shoe Knowledge' in the Guandong Province of China that should become operational by next March, after the Chinese New Year. The new complex will offer a one-stop solution to the big trading company's present and future clients ...
