Geox plans to raise €60m to finance its business plan
Geox announced a refinancing program that includes €60 million in fresh capital to finance its business plan spanning from 2025 to 2029.
Equita Smart Capital expands its footwear manufacturing hub
The Italian fund Equita Smart Capital-Eltif, has acquired GT Emme, a producer of insoles and stripes for luxury women’s shoes located in Santa Maria a Monte, near the Tuscan town of Pisa.
Hong Fu breaks ground on its Tamil Nadu factory
On Dec. 16, MK Stalin, the Chief Minister of the Indian state of Tamil Nadu, laid the foundation stone for a manufacturing unit of the Taiwanese footwear firm Hong Fu Industrial Group at the SIPCOT Park Industrial Estate at Panapakkam in the Ranipet district.
Zalando to take over About You
As part of its plans to create a pan-European e-commerce platform, German online retailer Zalando is acquiring the fashion group About You for €1.1 billion.
Future Fashion winds down DIS
The Italian footwear brand DIS will stop operating on Dec. 31, 2024 after its parent company Future Fashion decided to close down the loss-making business.
Otto Group changes legal status
The German mail order company Otto, owner of the Freemans, About You, Bonprix and Evri businesses, among others, is preparing to change its legal form and streamline its corporate structure as a generational handover gets underway.