All Corporate articles – Page 71
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After three years of relatively flat sales results, Bianco Footwear...
After three years of relatively flat sales results, Bianco Footwear of Denmark is getting help for a new phase of international development beyond its current network of 150 franchised stores, located in 10 countries. New financial help and know-how is coming from Detlev Meyer, who founded and then in 2004 ...
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Shortly after its decision to invest in a factory in...
Shortly after its decision to invest in a factory in India, Vulcabras is announcing the shutdown of the factory set up at Parobé, in the Brazilian state of Rio Grande do Sul, in 1958 by Azaleia, the big shoe company that it acquired a few years ago. The factory employs ...
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Fresh on the heels of its acquisition of Jimmy Choo,...
Fresh on the heels of its acquisition of Jimmy Choo, Labelux has just added Belstaff, the outdoor apparel retailer, to its stable of brands. The latest purchase, from the Italian firm Clothing Company, is another step in Labelux' effort to expand with international labels. Belstaff, which has 14 own stores, ...
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Georgina Goodman, the British brand, has entered insolvency proceedings, according...
Georgina Goodman, the British brand, has entered insolvency proceedings, according to Begbies Traynor, a business rescue and recovery firm. Georgina Goodman and her husband, B.J. Cunningham, are the majority owners of the company. Core Capital, a private equity company has been a minority investor since January 2010. However, according to ...
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Sapato.ru, the Russian online shoe retailer about which we have...
Sapato.ru, the Russian online shoe retailer about which we have already spoken, has raised an additional $12 million in funding through an injection of new equity by Intel Capital, the global investment organization of Intel Corporation. The investment takes the total funding package for Sapato.ru up to a level of ...
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Hanover Finanz has reportedly increased its shareholding in Ludwig Reiter,...
Hanover Finanz has reportedly increased its shareholding in Ludwig Reiter, but the size of the German investment company's equity could not be determined. Hanover Finanz provided financing to the Austrian shoe producer in 2004 and 2007. The investment company is also a shareholder of Melvo.
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Jodhpur, the city in Rajasthan, India, is to be one...
Jodhpur, the city in Rajasthan, India, is to be one of seven mega leather clusters that the government is setting up across the country to strengthen the leather industry there
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A new tannery is starting up at Capitao Eneas in...
A new tannery is starting up at Capitao Eneas in the Brazilian state of Minas Gerais. The main client will be Marluvas, a local manufacturer of safety shoes that was getting its leather from far away.
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Fung Capital, one of the private investment vehicles of the...
Fung Capital, one of the private investment vehicles of the family that controls Li & Fung, has reportedly made an offer for Mandarina Duck, one of the leathergoods brands controlled by the bankrupt Mariella Burani Fashion Group through Antichi Pellettieri. The Fung family has already acquired control of Cerruti and ...
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A retail group from Thailand, Central Retail Corporation, has been...
A retail group from Thailand, Central Retail Corporation, has been allowed to acquire 100 percent of the shares of La Rinascente, the leading Italian chain of department stores, for €205 million. A court in Milan rejected an attempt by Maurizio Borletti to block the sale. Borletti, who belongs to the ...
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BAG, the parent company of NeroGiardini, has made an investment...
BAG, the parent company of NeroGiardini, has made an investment of €40 million to acquire the building housing its flagship store at 9, Corso Venezia, in downtown Milan. It will use the additional 2,400 square meters to set up a prestigious new head office and showroom in a bid to ...
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Bertrand Puech, president of Hermès International, asked LVMH to halve...
Bertrand Puech, president of Hermès International, asked LVMH to halve its stake of 20.1 percent in the company to boost the number of shares publicly traded on the Paris stock exchange, which have been reduced to 7 percent of its equity. He did so in an interview with the French ...
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Aigle has opened a showroom in a manor house of...
Aigle has opened a showroom in a manor house of Oxfordshire in England and a pop-up store in Hong Kong
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The Qatar Luxury Group, created three years ago by the...
The Qatar Luxury Group, created three years ago by the ruling family of the emirate, has acquired a 52.73 percent stake in Le Tanneur, a major French leathergoods company whose sales rose by 7.4 percent to €57.3 million last year. It is not sure whether it is going to launch ...
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WSGN, the international trend forecasting agency, is opening a full-fledged...
WSGN, the international trend forecasting agency, is opening a full-fledged office in Shanghai for the Chinese market, adding to those it has in New York, Paris, Barcelona, New York, Los Angeles, Tokyo, Melbourne, Istanbul and Singapore
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Steve Madden has acquired The Topline Corporation, a privately held...
Steve Madden has acquired The Topline Corporation, a privately held designer, producer, and marketer of private-label and branded footwear. The acquisition was completed for $55 million in cash subject to a working capital adjustment, plus an earn-out provision based on financial performance through June 30, 2012. Founded by William F. ...
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Piper, a private equity firm, has taken a minority stake...
Piper, a private equity firm, has taken a minority stake in Celtic Sheepskin, a footwear and clothing producer based in Cornwall, England. Celtic Sheepskin is a 20-year-old family-owned business that has annual sales of more than £8 million (€9.2m-$13.1m); it has grown by about 20 percent every year for the ...
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Yue Yuen Industrial and Luen Thai Holdings have come together...
Yue Yuen Industrial and Luen Thai Holdings have come together in a strategic alliance, called Yuen Thai Industrial Company, that will focus on developing sports apparel for the global market. It plans to become one of the world's biggest apparel suppliers in just a few years. Yue Yuen, the world's ...
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Hotter, the British brand of comfort shoes, is reportedly investing...
Hotter, the British brand of comfort shoes, is reportedly investing £500,000 (€574,150-$815,830) in a new conveyor system and other equipment to increase output at its factory in Lancashire to 1.6 million pairs this year. According to Drapers, its weekly production is set to grow to 49,000 pairs at the end ...
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Iconix, owner of Candie's and many other brands, has acquired...
Iconix, owner of Candie's and many other brands, has acquired a 75 percent stake in the company that has the global rights to the Ed Hardy brand name
