All Corporate articles – Page 2
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ArticleBirkenstock to open a new production facility in Germany
Birkenstock is set to open a new manufacturing plant in Wittichenau, in the Saxony region, dedicated to the production of its signature cork-latex footbeds. The company has acquired the former Maja furniture factory in the Brischko district for around €18 million. The 78,000-square-meter production and logistics complex has been ...
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ArticlePrimark could be spun off by its parent company
Associated British Foods (ABF) is mulling a split of its Primark and global food businesses under a review of its group structure, as it looks to unlock value in a tough consumer environment. ABF’s Chief Executive, George Weston, said the group’s “unique and exceptional food business” had been “less well ...
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ArticleClosed’s future is secured
After approximately two months of intensive investor negotiations, the German fashion label Closed has found a new owner. The German Federal Cartel Office has approved the sale of the insolvent brand to Capital-Home, the investment company of the entrepreneurial Böck family, majority owners of the Marc O’Polo Group. Under the ...
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News briefs
R.M. Williams expands production capacity
R.M. Williams has opened a second workshop at its Adelaide site, bolstering the production capacity of the Australian bootmaker by 90 percent. The new 20,000-square-meter facility will increase the company’s manufacturing and distribution footprint to 29,500 square meters. In 2020, an Australian billionaire, Andrew Forrest, bought R.M. Williams, the producer ...
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ArticleRoyer goes into receivership
Groupe Royer, which is struggling with its debt burden, was placed into receivership by a commercial tribunal based in Rennes, Brittany, the region where the French footwear company is based. “To cope with the successive crises since 2022, the group has implemented various plans to revitalize its business and improve ...
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News briefs
Italian court appoints an expert for Aeffe and Pollini’s negotiated settlement procedure
The Chamber of Commerce of Romagna Forlì-Cesena and Rimini appointed on Oct. 8 Riccardo Ranalli as the expert to reach a negotiated settlement for the financial crisis affecting the Italian luxury goods company Aeffe and its footwear unit Pollini. On Oct. 10, Aeffe filed a petition with a court in ...
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News briefs
Geox appoints a new commercial and marketing head
Geox appointed Francesco Santachiara as Chief Commercial, Marketing and Merchandising Officer in September. He was previously Global Head of Wholesale for one year at the Italian footwear company. Prior to joining Geox, Santachiara worked for a decade at L’Oréal and for nine years at Luxottica. The appointment comes after Geox ...
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News briefs
Staray and Jo System join forces
Staray, a Chinese brand of 3D-printed footwear, set up with Jo System, an Italian provider of milling and lasering solutions, the Staray & Jo System Joint Design and Production Center, a research and development hub that “infuses technology into design and empowers design with the innovation of technology,” the ...
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News briefs
Famous Footwear Australia closes down
The Australian retailer Famous Footwear announced that it is closing down after 25 years of activity. The company’s online store will stop operating at the end of the year, while its 17 stores located in the states of New South Wales, Queensland and Victoria are scheduled to close early 2026. ...
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ArticleGörtz is also insolvent in Austria, investor plans comeback in Hamburg
Following its second collapse in Germany since 2023, the troubled Hamburg-based shoe retailer Görtz has now filed for insolvency in Austria as well. The company, now operating under the name GAT Retail GmbH, said it intends to restructure and continue operations. The Austrian filing affects 108 creditors, with claims totaling ...
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ArticleDäumling stops shoe production in Germany
After more than seven decades of domestic manufacturing, the children’s shoe brand Däumling is shutting down its production facility in Bruchweiler-Bärenbach, in the Rhineland-Palatinate region of Germany. The move comes amid declining sales and mounting cost pressures, marking another blow to the country’s struggling footwear industry, which has seen ...
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ArticleOnygo closes all stores after failed rescue attempt
The insolvent German shoe and fashion retailer Onygo is permanently closing all its remaining stores across the country and laying off 150 employees, following a failed rescue attempt. The move marks another casualty in Germany’s struggling retail sector. In an interview with trade magazine TextilWirtschaft, Onygo’s Managing Director, Frank ...
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News briefsGeox may cut 110-150 jobs
Geox may cut between 110 and 150 jobs as the Italian footwear company seeks to reduce costs. The company said that on Sept. 10 it held a meeting with trade unions and the Italian employers confederation Confindustria to present envisaged measures to implement the industrial plan approved by Geox’s board ...
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News briefs
Hamburg fashion label Closed files for insolvency
The German fashion label Closed has filed for insolvency with the Hamburg District Court, joining a growing list of local high-profile bankruptcies in recent years. The company cited excessive debt as the reason for the filing. Despite the move, Closed said business operations – including wholesale, e-commerce and brick-and-mortar ...
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News briefs
Debenhams obtains new £175m credit facility
Debenhams Group, the British online fashion retailer formerly known as Boohoo, said that it has completed a new three-year facility providing access to funding of up to £175 million (€202m). The new facility, which extends maturity to August 2028, replaces a previous £125 million revolving credit facility originally due to ...
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ArticleGabor launches a new brand strategy, cuts jobs at its Portuguese plant
The German footwear manufacturer Gabor Shoes is revamping its brand identity for the spring/summer 2026 season in a bid to expand its international footprint and customer base. The new brand strategy, “Gabor One,” aims to unify its digital and physical presence across products, packaging and marketing materials, with a focus ...
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News briefs
Schuhplus to cease operations at year end
The German plus-size shoe retailer Schuhplus will cease operations at the end of the year, after 14 years in business. The company has announced the closure of its locations in Dörverden and Saterland, both in Germany’s Lower Saxony region. Eleven employees will be affected. The owners, Kay Zimmer ...
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ArticleOnygo files for insolvency after failed rescue attempt
The German shoe and fashion retailer Onygo, previously owned by Deichmann, has filed for insolvency proceedings under self-administration with the Hamburg District Court after a recent rescue attempt proved unsuccessful. All 23 stores nationwide and 150 employees are affected. In October 2023, Deichmann announced that its sneaker and streetwear ...
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ArticleSchuh Graf files for bankruptcy
Schuh Graf has filed for bankruptcy and initiated restructuring proceedings under self-administration as persistently adverse market conditions continue to put a strain on the German shoe retailer. The Stuttgart District Court granted the application and appointed Tibor Daniel Braun, from the Stuttgart-based law firm Illig Braun Kirschnek, as the provisional ...
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ArticleGerry Weber closes all its stores
Gerry Weber is shutting down all its remaining stores in Germany and Europe and selling its trademark rights to the Spanish Victrix Group. The demise of the German fashion group is the result of the latest insolvency proceedings, the third in just a few years, and its unsuccessful restructuring efforts. ...
