All Corporate articles – Page 26
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Insolvent, Fritzi aus Preußen presents new investor
After the opening of insolvency proceedings on Dec. 30, Fritzi aus Preußen, the German-based manufacturer of shoes and bags, presented a new investor. EinsPlusVier from Hannover will take over all contracts that are relevant to them with immediate effect. The local court of Hannover opened insolvency proceedings under self-administration. After ...
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Report issued on bankruptcy of SLEM
The final report on the bankruptcy of SLEM, the Shoe Leather Education Museum in Waalwijk, Netherlands, has been issued, over two years after it took place. In July 2017, the curtain fell on the SLEM foundation as its ambitions proved too expensive. The municipality decided to distance itself from the ...
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Comyp files for debt refinancing
On Jan. 10, an Italian shoe manufacturer, Comyp, filed for a debt refinancing arrangement with a Padua-based court. The court granted the company 120 days to present a debt refinancing proposal, according to the site ilnordestquotidiano.it. The company was created in the 90s and has produced shoes under the brand ...
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Genesco to move its headquarters
In about a year, Genesco will be moving its headquarters within the city of Nashville from Murfreesboro Road, where they have been since 1965, to Marriott Drive. There the footwear retailer and wholesaler will occupy about two-thirds of a 310,000-square-foot building. The company estimates that the move will create jobs ...
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La Halle plans to restructure
La Halle, part of the Vivarte group, is planning a new restructuring plan that would cut 101 jobs at its logistics department and headquarters. The plan will affect 63 jobs out of 467 at the Parisian headquarters and 38 jobs out of 300 at the logistical center in Issoudun, in ...
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Vivarte confirms sale of San Marina
Reaching the probable end of its slimming-down process, the French Vivarte group has confirmed the sale of its San Marina chain of shoe shops and of a logistics subsidiary, SMC Services, to two French entrepreneurs, Thierry Le Guénic and Stéphane Collaert, and an investment firm, Société d’Investissement Grimonprez (SIG). They ...
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Article
A good quarter at Ugg’s parent company and new plans in Europe
Deckers Brands, the parent of Ugg and other footwear brands, recorded good sales and earnings in the third quarter ended on Dec.31, once again boosted by Hoka One One, which is now selling fewer shoes in the U.S. than in the rest of the world. The group’s total revenues ...
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Another CEO for Stuart Weitzman
Eraldo Poletto will quit on March 1 as chief executive and brand president of Stuart Weitzman, the American footwear company owned by the Tapestry group, to be replaced by Giorgio Sarné. The group, formerly called Coach, acquired Stuart Weitzman in 2015 for more than $530 million, but it has had ...
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Ambitious new goals for CCC
The management board of CCC, the Polish shoe manufacturer and retailer, has announced new ambitious growth objectives through 2022. It said that it plans to increase its sales to an annual level between 8.5 billion and 9.0 billion zloties, around €2 billion, by the end of 2022. At the ...
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Article
JD’s acquisition of Footasylum hits anti-trust hurdle
Mike Ashley, the maverick boss of Sports Direct, must be jumping with joy at getting his way with his criticism of JD Sports Fashion’s acquisition of Footasylum last April, which is again being questioned by the U.K.’s Competition and Markets Authority (CMA). The CMA launched a review of the case ...
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Spartoo acquires Easy Peasy
Spartoo has acquired Easy Peasy from the Noël group, which was put into liquidation in the autumn of 2019. The financial details of the acquisition have not been disclosed. Easy Peasy is an eco-friendly brand that makes baby booties. The brand was founded in 2008 by two young creatives who ...
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Dr. Martens’ owner buys Golden Goose for €1.28 billion
The London-based private equity firm is buying a majority stake in the Italian footwear company Golden Goose from another investment group, the Carlyle Group. The size of Permira’s investment was not released but financial sources indicated that the price tag was €1.28 billion – a price more or less equivalent ...
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ArticleEurope has become the “epicenter” of the coronavirus pandemic
The World Health Organization (WHO) has warned that Europe has now become the “epicenter” of the novel coronavirus pandemic as the virus spreads dramatically, prompting nations to totally or partially shut down their economies. On March 22, the Italian government issued a decree imposing the closure of all manufacturing ...
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Germany withstands the disease in better ways
Italy, the largest shoe manufacturing country on the continent, has suffered the highest number of deaths, followed by Spain, the second-largest producer. The official number of deaths related to the epidemic is now higher in Italy than in China, where it started last December. After Italy, Spain became the second ...
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Fiscatech acquires Sisa
Fiscatech has acquired Sisa, which specializes in the production of artificial leather, from Akea. The companies are all based in Italy, and Fiscatech and Akea had already collaborated prior to the acquisition. The announcement of the transaction was made by Fiscatech during the latest edition of Lineapelle, the trade show ...
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Zapaterias TG Factory Espana goes into liquidation
Zapaterias TG Factory Espana, a Spanish company that owns the footwear retailer Tino González, went into liquidation on Feb. 12 after having failed to find an acquirer. The company, which was founded in the 1980s, had already gone into administration in December 2013 and managed to come out of it ...
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Cole Haan delaying IPO
Cole Haan is reportedly delaying the launch of its initial public offering (IPO) because of the coronavirus outbreak, which has led to major market declines on stock exchanges worldwide. The American shoe company was planning to be listed on the Nasdaq stock exchange in New York, according to documents filed ...
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Italian fashion groups cut costs to mitigate coronavirus impact
Tod’s, Salvatore Ferragamo, Prada and Aeffe, which are all listed companies, have announced measures to cut costs in order to mitigate the impact of the novel coronavirus epidemic, which has affected sales and manufacturing. Tod’s noted that the arrival of the novel coronavirus, known as Covid-19, has forced it ...
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A Spanish businessman, Álvaro Pellón, has acquired the entire capital...
A Spanish businessman, Álvaro Pellón, has acquired the entire capital of a Seville-based shoemaker, Marypaz, that went into receivership in October (see Shoe Intelligence Vol. 20 N° 21+22). The Aguaded family, which founded Marypaz, is expected to continue running the firm.
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Anika Schuh, a German shoe retail chain that went bankrupt...
Anika Schuh, a German shoe retail chain that went bankrupt in December 2017, is about to overcome the insolvency. On Nov. 18, its creditors held a meeting where they all agreed to approve the management plan presented by the company's court-appointed administrators. Jörg Ullbrich, the founder of Anika Schuh, is ...
