All Corporate articles – Page 67
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Paquetà, the large Brazilian shoe manufacturer and retailer that owns...
Paquetà, the large Brazilian shoe manufacturer and retailer that owns Dumond, Capodarte and Lily's Closet, has taken over control of Via Uno, one of the major shoe brands in the country. A cash squeeze had already led the owners of Via Uno to sell a sizeable minority interest to Paquetà, ...
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A Bloomberg report indicates that Collective Brands has narrowed down...
A Bloomberg report indicates that Collective Brands has narrowed down from 20 to 10 the list of candidates to the acquisition of the whole group or some of its components, such as its loss-making international chain of shoe stores, Payless ShoeSource, or top-performing brands such as Saucony, Stride Rite and ...
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Zeis Excelsa, the Italian shoemaker that bought Dirk Bikkembergs last...
Zeis Excelsa, the Italian shoemaker that bought Dirk Bikkembergs last year, is in talks to sell a minority stake of its capital, possibly around 20 percent, to the investment fund Fondo Italiano d'Investimento, in order to finance its future development. Zeis Excelsa, which is also the licensee of Merrell in ...
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Paul Green, the Austrian shoe manufacturer, has decided to locate...
Paul Green, the Austrian shoe manufacturer, has decided to locate its new factory in Medjimurje County, in northern Croatia. The company said that the region has a strong shoemaking industry and that young Austrians aren't interested in joining the trade. It will invest €5 million into the new facility, which ...
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Li & Fung, the big Chinese sourcing company based in...
Li & Fung, the big Chinese sourcing company based in Hong Kong, has made another acquisition in the European fashion industry. After its takeover of controlling stakes in Cerruti, Robert Clergerie and Delvaux, it has bought 80 percent of the shares in a French fashion company, Sonia Rykiel, through one ...
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Move On, the troubled Portuguese footwear manufacturer that makes Aerosoles...
Move On, the troubled Portuguese footwear manufacturer that makes Aerosoles shoes, has announced that it will be laying off about 100 employees. It has decided to use its factory in Esmoriz, in the north of the country, for creating new designs, making samples for new collections and doing small production ...
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Ethiopian tanneries that are facing a shortage of raw materials...
Ethiopian tanneries that are facing a shortage of raw materials could get some relief through a new organization being set up by the Ethiopian Leather Industries Association. The new group will source and import crust, wet blue hides and pickled skins for finishing by Ethiopia's 25 active tanneries. The raw ...
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Diego Della Valle, one of the major shareholders in Tod's,...
Diego Della Valle, one of the major shareholders in Tod's, has decided to give up on an option to acquire an additional 8 million shares of Saks Fifth Avenue, the big American department store chain. It would seem to be logical because he would have had to pay a price ...
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Hujuan, a Chinese footwear company, is in the final stages...
Hujuan, a Chinese footwear company, is in the final stages of building a factory in Dukem, Ethiopia. The facility, which should be operational early this year, should have a capacity of 3,000 pairs of shoes intended for export every day.
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Salvatore Ferragamo's chief executive, Michele Norsa, sees strong growth potential...
Salvatore Ferragamo's chief executive, Michele Norsa, sees strong growth potential this year in Australia. Other areas where the company may expand further are Canada and the U.S. West Coast. Nevertheless, Norsa expects Asia to continue being the group's growth engine this year. Despite a difficult business environment, the group ...
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The Portuguese Move On brand appears set to disappear from...
The Portuguese Move On brand appears set to disappear from the market, starting with the fall/winter 2012 collection, to be replaced by the better-known Aerosoles brand. The details of the new setup could not be learned at the time of going to press, but it seems that the Indian Tata ...
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Alexandre Birman, a Brazilian footwear designer who produces most of...
Alexandre Birman, a Brazilian footwear designer who produces most of his collection in his home country, is reportedly beginning to manufacture some products in Italy. The move is said to help international vendors – specifically those in Europe, the Middle East and Asia – to control costs as well as ...
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ProNicaragua, that country's agency to promote investment, plans to expand...
ProNicaragua, that country's agency to promote investment, plans to expand Nicaragua's use of duty-free zones, and said that footwear is one of the industries it would like to concentrate on partly because of the potential for job creation. The agency's executive director, Javier Chamorro, plan to set up a forum ...
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Pacific Brands is holding talks with KKR after this buyout...
Pacific Brands is holding talks with KKR after this buyout company made an unsolicited bid to buy the Australian company. Pacific Brands has the rights to the Everlast, Clarks and Bonds brands in Australia, and has been struggling of late, with sales down by 7.3 percent to US$1.65 billion in ...
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Administrators have not been able to find a buyer for...
Administrators have not been able to find a buyer for Barratts Priceless, the beleaguered footwear retailer, which means that about 1,610 employees will lose their jobs. The administrator, Deloitte, is asking around other retailers in the U.K. and Ireland to see if the redundant workers can find opportunities with them, ...
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Bakers Footwear Group has agreed to sell its 39-year-old Wild...
Bakers Footwear Group has agreed to sell its 39-year-old Wild Pair brand trademark to Steve Madden. Steve Madden will pay up to $4 million for the trademark while entering into a non-exclusive, royalty-free perpetual license, allowing Bakers to still sell the brand in eponymous stores and Wild Pair stores and ...
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An Italian investment fund, Fondo Italiano di Investimento (FII) is...
An Italian investment fund, Fondo Italiano di Investimento (FII) is acquiring a stake in Zeis Exelsa. Its size could not be determined, but reports indicate that FII will invest €20 million to boost Zeis' retail activities and to expand the range of shoes sold under the name of Dirk Bikkemberg, ...
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While confirming that it doesn't plan to take over control...
While confirming that it doesn't plan to take over control of the company, LVMH has further raised its stake in Hermès International from 21.4 to 22.3 percent, and it has indicated that it may buy more shares depending on market conditions. LVMH has also obtained 16 percent of the voting ...
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Collective Brands, parent company of Sperry Top-Sider, Keds, Pro-Keds, Stride...
Collective Brands, parent company of Sperry Top-Sider, Keds, Pro-Keds, Stride Rite and Airwalk, Saucony, has reportedly hired an investment bank, Perella Weinberg, to look for potential buyers for its whole business, which includes the loss-making Payless ShoeSource chain of shoe shops, or parts of it. The company indicated last August, ...
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Brax, a successful German fashion brand that originally specialized in...
Brax, a successful German fashion brand that originally specialized in pants, is expected to continue its diversification into footwear and other products following the appointment of Ulrich Bauer to head up its licensing business. Hauer, 54, was formerly a shareholder and the managing director of Ulihauer Pluslinks, a German company ...
