Corporate and M&A

  • Nike-Logo-220px
    Article

    Nike, Zara, Adidas are the most valuable fashion brands

    2020-07-06T14:03:00Z

    Nike takes the top spot among fashion brands in the top 100 of the BrandZ ranking of the world’s most valuable brands, released by WPP and Kantar. It is followed by two European brands, Zara and Adidas . Nike managed to improve its valuation by 5 percent ...

  • Nice Footwear logo
    Article

    Nice Footwear issues €3 million in bonds to finance its development

    2020-07-03T06:14:00Z

    Nice Footwear is launching a €3 million bond with an annual interest rate of 4.375 percent and a six-year maturity. The bonds, which have a face value of €100,000 each, will be traded on the Milan stock exchange. Under the terms of the transaction, the Italian company has the ...

  • Article

    André’s former head makes partial takeover offer

    2020-06-29T15:17:00Z

    A Grenoble-based commercial court is expected to decide on July 24 on the future of the footwear chain André , which is currently in receivership. It filed for bankruptcy on March 23 after its owner Spartoo was unable to obtain sufficient financing to continue the business. André was ...

  • Article

    Italian components group Margot looks to grow

    2020-06-28T14:12:00Z

    Margot, an Italian group that makes metallic components for luxury leather goods, shoes and eyewear that is controlled by the private equity Mandarin Capital Partners , is looking to expand with an acquisition in the third or fourth quarter of this year, says Andrea Tuccio , a partner with Mandarin. ...

  • jb martin
    Article

    JB Martin closes its doors

    2020-06-25T12:56:00Z

    JB Martin , a well-known French shoe company, has ceased all activities. The shoe brand was liquidated by the Paris Commercial Court on June 2. After several years of difficulties, Covid-19 was the last straw. Two weeks after the announcement of the receivership, the 125 employees of JB Martin ...

  • logo-sioux
    Article

    Sioux’s wholesale division files for insolvency as coronavirus lockdowns hit sales

    2020-06-24T09:19:00Z

    Plummeting department store sales amid business-wrecking coronavirus lockdowns and market uncertainty have driven Sioux Group ’s wholesale division off the rails.

  • Article

    Boohoo buys two brands, Oasis and Warehouse

    2020-06-18T07:00:00Z

    In the wake of its capital increase, that raised £197.7 million (€220.8m-$248.0m) in gross proceeds on May 15, the U.K. online fashion retailer Boohoo has bought two brands, Oasis and Warehouse , for £5.25 million (€5.9m-$6.6m) from Hilco Capital . The two brands will be integrated onto Boohoo’s platform, ...

  • la halle
    Article

    La Halle receives 25 bids for its assets

    2020-06-15T05:37:00Z

    After having been placed into receivership, La Halle received 25 bids for its assets, which represent a significant part of its activity and would allow it to save more stores than in a previous bidding round.

  • hunter_logo_standalone
    Article

    Hunter goes under review as CEO quits

    2020-06-12T05:59:00Z

    Vincent Wauters , the former president of Arc’teryx who became the chief executive of Hunter Boot Ltd in 2016, will be stepping down “by mutual agreement” at the end of July to pursue new opportunities, said the Edinburgh-based company, adding that it is launching a “strategic review” of ...

  • Footway
    Article

    Footway wants to buy a streetwear specialist

    2020-06-11T12:52:00Z

    The Footway Group , the increasingly international Swedish online shoe retailer that recently agreed to merge with Sportamore , wants to create a leading platform for e-commerce in sports and fashion by also acquiring an online retailer of streetwear and sneakers, Californian Roots , or Caliroots for short. Caliroots ...

  • Article

    ANWR Group grants KfW loans

    2020-06-11T11:18:00Z

    The ANWR Group ’s credit institutions, the DZB Bank and the Aktivbank , have received accreditation for the granting loans in behalf of KfW (Kreditanstalt für Wiederaufbau or Credit Institute for Reconstruction) a bank of the German government that provides low-interest loans to support German companies, generally ...

  • WGSN Future Consumer 2022
    Article

    ​WGSN sees three major consumer groups emerging from the crisis

    2020-06-01T14:19:00Z

    The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption. Thus, WGSN has set out to predict what consumers will be looking for in the next couple of years.

  • Salvatore Ferragamo
    Article

    Ferragamo calls back Michele Norsa as deputy chairman

    2020-05-29T05:58:00Z

    Salvatore Ferragamo  reformed its corporate governance and appointed its former chief executive Michele Norsa , 71, as executive deputy chairman, rekindling speculation of a possible change of ownership.

  • Article

    La Halle receives 7 offers for 60% of its business

    2020-05-26T18:48:00Z

    La Halle , the big French low-cost clothing, footwear and accessories retailer owned by Vivarte , will have to be sold piecemeal, while more time is being granted by a court to find a buyer for André , the more high-end shoe retailer, which is currently in bankruptcy proceedings.

  • Article

    Clarks reshuffles its staff

    2020-05-19T05:49:00Z

    Clarks has decided to eliminate a further 900-odd jobs around the world as part of a strategy to build a more “sustainable and successful” future for the company, placing its focus on the changing consumer needs. The new wave of layoffs follows 170 cuts already implemented at the end ...

  • Article

    J.C. Penney files for bankruptcy protection

    2020-05-17T12:25:00Z

    Founded in 1902, J.C. Penney has filed for bankruptcy protection in the wake of the Covid-19 pandemic, following Neiman Marcus and J.Crew .

  • Article

    Aldo Group files for bankruptcy protection to restructure

    2020-05-11T18:25:00Z

    Montreal-based Aldo Group  has filed for bankruptcy protection in Canada and in the U.S. as it prepares to restructure and stabilize its business after turnaround plans for its already loss-making business were derailed by the Covid-19 pandemic. 

  • Article

    Rohde plans e-commerce platform this year

    2020-05-01T09:28:00Z

    The German shoemaker Rohde intends to launch a business-to-business (B2B) online platform this summer, followed by a business-to-consumer (B2C) site.

  • Article

    Prada resumes production in Italy

    2020-05-01T07:14:00Z

    Prada has launched a gradual reopening in Italy of its prototyping and sample-making departments, which are essential for developing its forthcoming footwear, leathergoods and apparel collections. It is also introducing serological testing of all employees.

  • Article

    Boohoo hikes cash pile while Farfetch continues to burn cash

    2020-04-27T07:07:00Z

    boohoo is building up its cash pile thanks to its highly cash-generative business model and is ready to go on an acquisition campaign. Meanwhile, Farfetch continues to burn cash.