All Corporate articles – Page 70
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Leder & Schuh has received approval by Austria's antitrust authorities...
Leder & Schuh has received approval by Austria's antitrust authorities for its acquisition of Stiefelkönig (see previous issue of Shoe Intelligence). Through Humanic and its other shoe retail chains, Leder & Schuh is estimated to have a share of 22 percent in the Austrian shoe market. Stiefelkönig has a share ...
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VF Corporation has completed the purchase of Timberland, after obtaining...
VF Corporation has completed the purchase of Timberland, after obtaining regulatory approval from the relevant antitrust authorities. The acquisition will give a boost to the fledgling shoe operations of VF, which is stronger in apparel through brands such as The North Face, and to Timberland's own apparel operations. Patrik Frisk, ...
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Berkshire Hathaway, the big American investment company that acquired a...
Berkshire Hathaway, the big American investment company that acquired a 20 percent stake in Masai Barefoot Technology (MBT) in 2007, is said to be preparing to increase it to a controlling interest. Company officials would not comment, but they denied a rumor that Jan Stig Andersen, the former Danish Ecco ...
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Li & Fung has acquired a controlling stake in Delvaux,...
Li & Fung has acquired a controlling stake in Delvaux, a Belgian brand of leathergoods, through one of its investment vehicles. The big Chinese company recently made investments in two other European fashion firms, Cerruti and Robert Clergerie. Its total sales grew by 33 percent to $8.80 billion in the ...
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Asian interests continue to acquire European brands. EXR, the Korean...
Asian interests continue to acquire European brands. EXR, the Korean company that licenses the brand of Jean-Charles de Castalbajac in the Far East, has remained the only candidate for the acquisition of the French designer's fashion house.
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Tempe, the footwear manufacturing and sourcing unit of Inditex, has...
Tempe, the footwear manufacturing and sourcing unit of Inditex, has opened a new €100 million distribution center in Elche with a capacity to handle more than 100 million pairs of shoes per year for the 5,000-odd stores of Zara and the other retail chains of the group around the world. ...
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A court in Le Puy-en-Velay, France, has ruled that Denis...
A court in Le Puy-en-Velay, France, has ruled that Denis Lemercier of the holding company EPI will be the new owner of Les Tanneries du Puy, which went into administration in April 2010. The court had to decide between two legitimate bids for the company; the other came from the ...
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In the course of the recent cost increases, Pointers has...
In the course of the recent cost increases, Pointers has decided to move some of its production to Italy and the U.K. At the moment, Pointers the British brand is manufacturing half of its product line in Portugal and the other half by means of a production partnership in China. ...
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E-Land of South Korea has acquired Mandarina Duck, the Italian...
E-Land of South Korea has acquired Mandarina Duck, the Italian brand of leathergoods and accessories, from Mosaicon. Christopher Bizzio, a former executive of Salvatore Ferragamo, has been appointed chief executive of the operation. E-Land was previously rumored to have discussed a possible refinancing of the bankrupt Mariella Burani Fashion Group.
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Shareholders controlling 73.5 percent of the combined voting power of...
Shareholders controlling 73.5 percent of the combined voting power of Timberland Company have approved the company's merger with VF Corporation
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A spokesperson for ECCO denies a report that the company...
A spokesperson for ECCO denies a report that the company is planning to set up a new €4 million factory in Portugal
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PPR, parent company of Gucci Group, has raised its stake...
PPR, parent company of Gucci Group, has raised its stake in Sowind Group, the Swiss manufacturer of Girard-Perregeaux and Jean Richard high-end watches, from 23% to 50.1%
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The prospect of a cut by the Chinese government in...
The prospect of a cut by the Chinese government in its import duties on shoes and other luxury products by next autumn has apparently led Sergio Rossi to decide to take over control over five of its 11 franchised stores in China. The Italian brand, which is owned by Gucci ...
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Pou Chen Corporation, the major shareholder of Yue Yuen (see...
Pou Chen Corporation, the major shareholder of Yue Yuen (see its results further down), indicates that it should be able to complete a major reorganization of its Asian production apparatus by end of 2012, in response to rising labor costs in Eastern China. It will relocate a large part of ...
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Foot Shop, a British retailer of oversized and special shoes,...
Foot Shop, a British retailer of oversized and special shoes, has been sold by its founder, David Price, to its management, led by Andrew Peirce, according to Drapers. The business comprises two divisions, Cosyfeet and Walktall. Cosyfeet is a brand of extra-wide shoes for people with swollen and bandaged feet, ...
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After shelving the project of a joint venture for the...
After shelving the project of a joint venture for the management of the Salamander and Lurchi brands (see Shoe Intelligence 13-14+15 of June 3), Ara Shoes and Wortmann have also decided to put an end to their existing A+W Shoes joint venture, which they set up 10 years ago to ...
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Just as the acquisition of Sanuk shoes by Deckers Outdoor...
Just as the acquisition of Sanuk shoes by Deckers Outdoor Corporation was nearing completion, Deckers announced late last month that it was going to stop selling its Simple brand. Simple was one of the first brands of eco-conscious footwear, but Angel Martinez, chief executive and chairman at Deckers, noted that ...
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Reckitt Benckiser has completed the acquisition of Scholl from SSL...
Reckitt Benckiser has completed the acquisition of Scholl from SSL Healthcare. Meanwhile Labelux, the 4-year-old investment company of the Benckiser family that owns Bally and other properties in the luxury goods segment, has completed the acquisition of Jimmy Choo. Following its more recent takeover of Belstaff, Labelux has announced that ...
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Preliminary insolvency proceedings for the German shoe manufacturer Biodyn Human...
Preliminary insolvency proceedings for the German shoe manufacturer Biodyn Human Footwear started on June 8, with the appointment of a lawyer in Mannheim, Stefan C. Roth, as temporary trustee. All the operations of Biodyn are proceeding as usual for the moment. Salaries and wages are secured until the end of ...
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The Tod's Group has become a shareholder of La Scala,...
The Tod's Group has become a shareholder of La Scala, the famous opera house in Milan, with an investment of €5.2 million spread over four years. Tod's worked with the theater a few months ago on a video clip titled “An Italian Dream,” likening the process of producing shoes to ...
