All Corporate articles – Page 29
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News briefs
The Authentic Brands Group has won the battle for the...
The Authentic Brands Group has won the battle for the intellectual property of Barneys New York in a reported cash deal of $271.4 million. ABG, which wants to develop the famous American retail brand internationally, especially in Asia, has appointed Saks Fifth Avenue as its retail licensee for the U.S. ...
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Caprice, the shoe brand owned by Wortmann, has opened a...
Caprice, the shoe brand owned by Wortmann, has opened a new factory together with Mountain Top Global, its Taiwanese partner. The project cost about $6 million and took two years. Before the construction of this factory in Yangon, in northwestern Myanmar, Caprice had produced about one million pairs of shoes ...
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The Brazilian designer Paula Cademartori, known for her colorful luxury...
The Brazilian designer Paula Cademartori, known for her colorful luxury bags and shoes, is taking full control of her eponymous brand by buying back the stake held by OTB, the holding company of the Italian businessman Renzo Rosso. OTB invested in the brand in 2016.
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As previously reported, Carlyle, the investment fund that controls Golden...
As previously reported, Carlyle, the investment fund that controls Golden Goose, is planning to cash out. The valuation of the deal may be boosted by a rumor according to which the brand of distressed sneakers is expanding into women's wear with the help of Frida Giannini, who left as creative ...
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A French court has ruled on the final shutdown of...
A French court has ruled on the final shutdown of Chaussures Noël's remaining operations in France as well as in Tunisia, which employ 84 and 700 people, respectively. Apparently, none of the 10 offers made for the company were entertained by the court, which is now waiting for candidates for ...
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News briefs
Marypaz, a low-priced Spanish footwear retailer, has filed for insolvency...
Marypaz, a low-priced Spanish footwear retailer, has filed for insolvency proceedings after a local private equity firm, Black Toro, which rescued the company in 2016, failed to find €15 million in working capital to pay suppliers, according to the daily Cinco Dias. In 2016, after a debt restructuring procedure, Black ...
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FeetMe has raised €9.4 million in new funding. The French...
FeetMe has raised €9.4 million in new funding. The French footwear technology start-up uses smart materials in insoles to analyze the wearers' health in real time. The company plans to use the money to fund a program of clinical trials of its technology in rehabilitation centers and hospitals around the ...
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News briefs
Two offers have reportedly been submitted for the acquisition of...
Two offers have reportedly been submitted for the acquisition of La Manufacture Charentaise, the company set up last year to put together the operations of four manufacturers of slippers in the Charente region of France: Rondinaud, Ferrant, Degorce and Laubuge (Shoe Intelligence Vol. 20, N° 13+14 of July 20, 2018). ...
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Truworth of South Africa has announced an agreement to refinance...
Truworth of South Africa has announced an agreement to refinance Office, the British shoe retail chain that it bought four years ago for £256 million (€297.6m-$332.3m). Standard Bank will provide a debt facility of £32.5 million (€37.8m-$42.2m) that replaces a former line of credit. The closure of some loss-making stores ...
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News briefs
Looking for foreign agents, Stephane Kélian came back to the...
Looking for foreign agents, Stephane Kélian came back to the Micam show in Milan last month after many years of absence with a new corporate identity, new management and a more accessible collection made for the most part in Spain. The line also features some stylish sneakers made in China. ...
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News briefs
Zeis Excelsa has signed a five-year licensing agreement to use...
Zeis Excelsa has signed a five-year licensing agreement to use a well-known Italian footwear brand, Alberto Guardiani, for a line of sneakers that will come into the market in spring/summer 2020. Made in Portugal, Morocco and China, it is priced at €130-160 per pair at retail. The eponymous designer took ...
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News briefs
Cole Haan, the American footwear brand sold by Nike to...
Cole Haan, the American footwear brand sold by Nike to Apax Partners in 2013, announced that it has filed a draft registration statement with the U.S. Securities and Exchange Commission in preparation for an initial public offering (IPO). The pricing and the number of shares on offer have not yet ...
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News briefs
Standard & Poor's has downgraded the rating outlook for Wolverine...
Standard & Poor's has downgraded the rating outlook for Wolverine Worldwide from stable to BB+ because its financial leverage has risen to three times due to spending on share buybacks. The leverage may grow beyond three times if the Ebitda margin doesn't improve from its current level of 5 percent ...
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News briefs
BASF has announced the opening of a new footwear innovation...
BASF has announced the opening of a new footwear innovation center in Taiwan in 2020. The facility is meant to further strengthen the capabilities of the performance materials company in the Asia-Pacific region. The center will give footwear professionals access to BASF materials that can help develop future footwear, with ...
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Short stops
Walmart has announced the opening of its first supply-chain training...
Walmart has announced the opening of its first supply-chain training academy, which will be located at its distribution center in Sanger, Texas
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News briefs
Wolverine Worldwide's board has approved a share repurchase program which...
Wolverine Worldwide's board has approved a share repurchase program which will return $400 million to shareholders over the next four years. The footwear group said it will repurchase shares as appropriate and in compliance with any restrictions contained in the company's credit agreements.
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Short stops
The Authentic Brands Group is said to be in line...
The Authentic Brands Group is said to be in line to acquire Barneys New York for about $270 million
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News briefs
Paco Herrero has filed for bankruptcy protection with a court...
Paco Herrero has filed for bankruptcy protection with a court in Alicante. The court has appointed an administrator to run the Spanish shoe company, which has apparently never fully recovered from the economic crisis of 2008. The firm was aiming to export two-thirds of its production overseas, without success. The ...
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News briefs
The Rino Mastrotto Group has widened its shareholders' base, with...
The Rino Mastrotto Group has widened its shareholders' base, with an investment firm, NB Aurora, acquiring a 11.6 percent stake for €20 million. NB Renaissance Partners owns 70 percent of the group. The Mastrotto family now owns a minority share in this leading Italian leather-manufacturing group.
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News briefs
Velasca, a fast-growing Italian brand of shoes and leathergoods, has...
Velasca, a fast-growing Italian brand of shoes and leathergoods, has closed an investment round of €4.5 million, jointly led by P101 and Milano Investments. A pool of private investors also participated in the capital increase. The company, which gets its shoes made in the Marche region of Italy, will use ...
