Paraboot, the French manufacturer of high-end footwear, has returned to full capacity production from May 4 at its factory in Saint-Jean-de-Moirans. The site closed down following the outbreak of Covid-19 in France but resumed partial manufacturing on April 6 and gradually increased production. The facility has an annual capacity of 120,000 pairs of Goodyear and Norwegian Goodyear welted shoes.
Standard Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit, while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repayed a $171 million, 364-day loan contracted because of the coronavirus pandemic and ...
ACBC , a Milan-based start-up company that is offering a modular footwear technology, completed a €3.2 million capital increase which attracted a string of investors, including the venture capitalist Boost Heroes , the online investing platform Doorway and the Italian government-controlled financial group Cassa Depositi e Prestiti through ...
The German footwear brand Birkenstock is stepping up investments and expanding its production capacity as global demand continues to grow despite the coronavirus pandemic. As production runs at near full capacity, the company plans to expand its site in Görlitz, in the Saxony region, its largest production site ...
Garmont International , the Vedelago, Italy-based manufacturer of outdoor and tactical footwear, has announced that Italian Strategy Private Equity ( ISPE ), managed by Riello lnvestimenti Partners , is acquiring a 65 percent stake in the company’s share capital. The transaction is expected to be completed by the end ...
The insolvent women’s shoe manufacturer Peter Kaiser is being partially taken over. The managing director, Stefan Frank , and the investors Hans-Joachim and Gisela Sander , from the founding family of the Darmstadt-based hair care giant Wella Group , have agreed to buy the brand and other assets ...
Reckitt Benckiser (RB), a British producer of consumer goods, is selling the footcare brand Scholl to Yellow Wood Partners , a Boston-based private equity firm which already owns Dr. Scholl’s . The sale includes RB’s Amopé , Krack and Eulactol footcare brands and is expected ...
