All Corporate articles – Page 2
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ArticleC-Suite interview: Nice Footwear moves forward with industrial strategy with new Corrado Maretto plant
When Nice Footwear purchased the luxury women’s footwear manufacturer Corrado Maretto from the founding family at the end of 2024, it also committed to investing in a suitable facility to meet the manufacturer’s production needs and those of the luxury brands for which it produces. Founded by its namesake in ...
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ArticleAsics to spin off Onitsuka Tiger
The brand grew 43 percent last year with a 38 percent margin: now it gets its own company.
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John Lobb to move to a new site in Northampton
John Lobb, the British luxury footwear brand that has been part of the Hermès group since 1976, announced that it will relocate from its historic workshop in Northampton, England, to a new manufacture in the city center, due to be completed by 2029. “By securing John Lobb’s future at the ...
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Wynsors reportedly plans to cut more than 100 jobs
The private equity firm Modella Capital plans to cut more than 100 jobs at Wynsors World of Shoes, a budget footwear retailer with a strong presence in Northern England that employs about 400 people. According to media reports, Wynsors’ employees were informed on June 2 of the terms of a ...
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Skechers relocates its German HQ to the ANWR campus
Skechers will relocate its German headquarters to the ANWR Group campus in Mainhausen, near Frankfurt, which is home to one of Europe’s largest cooperative buying networks for footwear and sporting goods. Scheduled for mid-2028, the move will consolidate its local showroom and administrative headquarters into a single, purpose-built facility of ...
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Lowa opens new US headquarters in Salt Lake City
The German outdoor footwear brand Lowa has opened a new US headquarters in Salt Lake City, Utah, as its parent company Tecnica Group expands its North American presence following a record year for the brand globally. The new office, located in Salt Lake City’s Sweet Candy Building, will serve as ...
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ArticleMinelli to close down May 30
Minelli, which was placed into receivership in March, announced on Instagram that it will close down ”definitively” on May 30. The French footwear retailer, which employs 86 people, will keep its 21 stores open until May 30, offering 60 percent discounts on its goods, but sales on its website have ...
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Lehar Footwear expands Kundli site
Lehar Footwears Limited, which uses the commercial name Lehar Footwear, has announced that a new manufacturing unit in Kundli, in the northwestern Indian state of Haryana, will come on stream in July. The facility will produce sports shoes for men, women and children as well as footwear using ethylene-vinyl acetate ...
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Legero United expands production site in India
The Austrian footwear manufacturer Legero United has opened a second factory hall at its production site in Vellore, India, as it expands manufacturing capacity for its Superfit and Legero brands. The company said the move enables full-shoe production at the site and strengthens its international production structure, aiming to ...
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Nike cuts 1,400 jobs
Nike is cutting approximately 1,400 positions in its Global Operations division — the majority in technology — as the US sportswear company pushes deeper into a restructuring effort that has repeatedly taken longer and cost more than originally planned. The announcement is the company’s second round of job cuts ...
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ArticleSemler completes its restructuring
The German shoe manufacturer Carl Semler GmbH has completed its self-administered restructuring, with creditors unanimously approving the insolvency plan. Under the supervision of a restructuring expert, Lukas Eisenhuth, and a court-appointed administrator, Dennis Blank, the 162-year-old company continued operations throughout the insolvency proceedings. Semler filed for bankruptcy at the Pirmasens ...
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ArticleInsolvency proceedings underway for Sutor Group companies
Insolvency proceedings have been opened for four companies of the Sutor group – Sutor Schuh GmbH, FJ Trading GmbH, Happy Lagerverkauf GmbH and Sutor GmbH & Co. KG – after the German shoe retailer slipped into bankruptcy amid long-standing financial difficulties. The proceedings will take place under self‑administration, with the ...
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Nice Footwear to build a new manufacturing site near Padua
Nice Footwear plans to build for its subsidary Corrado Maretto a more than 6,000 square meter manufacturing site in Vigonza, near the northeastern Italian town of Padua. The site will be completed in about a year and double Corrado Maretto’s production capacity, Bruno Conterno, the Chief Executive Officer of Nice ...
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ArticleAmerican Exchange Group to buy Allbirds for $39m
American Exchange Group entered into an agreement to buy all of Allbirds’ intellectual property as well as certain other assets and liabilities for $39 million. The price tag is a far cry of the more than $4.0 billion market capitalization the California-based producer of Wool Runner merino shoes, and other ...
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Künzli moves its headquarters
After more than 90 years in Windisch, the Swiss footwear manufacturer Künzli relocated its headquarters to nearby Brugg, also in the canton of Aargau. The new premises, located near Brugg’s train station, span approximately 600 square meters and bring several business units together under one roof. The company’s new headquarters ...
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Saks Global to close 15 additional stores
Saks Global Enterprises, the troubled US multi-brand luxury retailer, said that it is closing an additional 12 Saks Fifth Avenue and three Neiman Marcus locations. On Feb. 10, the retailer had announced the closure of eight Saks Fifth Avenue and one Neiman Marcus locations in the first phase of its ...
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MySize’s stock has to regain compliance on Nasdaq
MySize, an Israel-based producer of AI-driven sizing solutions, footwear fit-tech and retail innovation, received on March 2 a notice from the Nasdaq stock market stating that the closing bid price of the company’s common shares has been below $1.00 for 30 consecutive trading days. MySize has been provided 180 calendar ...
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ArticleOtto to axe nearly 460 jobs to reduce costs
Otto Group will cut nearly 460 additional full‑time jobs, largely at its Hamburg headquarters, as part of a sweeping restructuring program aimed at lowering costs and responding to weakening consumer demand and growing international competition. The German online retailer, which employs around 4,300 people in Hamburg, said it is ...
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ArticleRoots explores a possible sale
Roots has initiated a strategic review that includes the possibility of being sold. The Canadian lifestyle brand has hired J.P. Morgan Securities Canada Inc. as its financial advisor and Torys LLP as its legal advisor for the review. The company said that it has decided to publicly announce the ...
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ArticleAeffe receives expressions of interest from investors, plans to pick a buyer by end May
Aeffe, the troubled Italian fashion group that owns the luxury footwear brand Pollini, has received several non-binding expressions of interest from Italian and foreign investors with experience in the fashion industry. Aeffe also owns the high-profile brands Alberta Ferretti and Moschino. The information was released by Mimit, the Italian ministry ...
