AstorMueller sets up a joint venture in India
AstorMueller has set up a joint venture in India called Nuvora as the Swiss footwear group aims to make the fast-growing Asian country one of its main markets.
Prada buys Versace from Capri
Capri Holdings Limited has entered into a definitive agreement to sell Versace to Prada SpA for $1.375 billion (€1.25bn) on a debt and cash free basis.
Semler relocates production to Hungary, cuts 25 jobs in Pirmasens
Carl Semler has decided to relocate most of its production to Hungary in order to secure its competitiveness, said the insolvent German footwear manufacturer. The Pirmasens manufacturing site will be retained, albeit with a reduced workforce.
Covision Media raises €5m in seed funding round
The Italian startup Covision Media has raised €5 million in a seed funding round. The investment will accelerate the company’s expansion as well as the development and global commercialization of its cutting-edge 3D scanning technology.
Gerry Weber is insolvent again
Gerry Weber has slipped back into bankruptcy less than two years after its last insolvency proceedings, as disappointing Christmas sales and a significant drop in pre-orders for the third quarter of 2025, compared to the previous year, took their toll.
Forever 21’s US operating company files for bankruptcy
Forever 21’s US operating company filed for bankruptcy about five years after exiting its last Chapter 11 proceedings due to fierce competition from other fast-fashion retailers such as Shein and Temu.
Geox sees growth accelerating over the course of five-year industrial plan
Geox expects growth in sales and profits to accelerate over the course of a new five-year industrial plan, as the Italian footwear company moves from an initial phase focused on improving operating efficiency to one characterized by bolstering its presence on key markets and a new push for international expansion.
Ludwig Reiter closes historic company headquarters in Vienna
Ludwig Reiter is closing its former headquarters in Vienna’s historic Dreimäderlhaus.
Moreschi receives offers to take over its assets
Moreschi, an Italian producer of upscale shoes that was put into liquidation in July 2024, has received several offers for its assets.
Görtz announces layoffs as its insolvency crisis deepens
The German shoe retailer Görtz continues to navigate dire straits as it grapples with insolvency issues across multiple fronts.
