The Chinese footwear company Juyi Group is building a 550,000 square meter high-technology manufacturing unit in Wenzhou’s Lucheng district. According to media reports, the facility represents an investment of about $307 million and will integrate artificial intelligence, Internet of Things and digitized logistics.
Construction started in December 2020 and is expected to be completed by the end of the year.
Four out of the eight members of Sequential Brands Group ’s board of directors have resigned as required by the extension until Apr. 19, 2021 of a credit agreement with Wilmington Trust and other lenders. The remaining members on the board represent mostly lenders such as KKR and ...
Rizzo Group , formerly known as Venue Retail Group , has applied for a new corporate reorganization with a Stockholm-based court. The decision follows a “sharp drop in sales” due to harsher restriction measures following a second wave of the Covid-19 pandemic from October 2020. The request comes ...
The German retail cooperative Sabu has postponed its 69th ordinary general meeting from June 18-20 to October 22-24 because of the Covid-19 pandemic. The event is scheduled to be held in Berlin. Joachim Seibel , the chairman of Sabu’s supervisory board, said that there was no alternative, because ...
The U.K. online fashion retailer Asos is selling £500 million (€577.5m-$686.6m) in senior unsecured guaranteed convertible bonds due in 2026. The bonds are being offered by the company’s wholly-owned subsidiary Cornwall . The proceeds will be used to fund the company’s global growth, as well as the acquisition ...
VF Corp. , through its local subsidiary VF Northern Europe Limited , has begun operations at its new fulfillment center in Bardon, Leicestershire, which will employ about 250 people at peak times. The new 55,800-square-meter center will have “state-of-the-art automation capabilities putting it at the forefront of the footwear ...
HandsFree Labs , the Utah-based company that partnered with Nike to create the Go FlyEase laceless clog due to become available on nike.com on Apr. 30 for $120 per pair, has raised $3 million in a new round of funding led by the Frazier Group . ...
