All Corporate articles – Page 31
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Xtep International of China has finalized the acquisition of K-Swiss...
Xtep International of China has finalized the acquisition of K-Swiss and its various footwear labels, including Palladium and Supra, for $260 million from E-Land of South Korea. The entire business had a turnover of $210 million last year, up by 2 percent from 2017, with a reduced net loss of ...
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The Boston-based private equity fund Yellow Wood Partners has agreed...
The Boston-based private equity fund Yellow Wood Partners has agreed to buy the foot-care business of Dr. Scholl's in the Americas from the German chemical group Bayer for $585 million. It will set up a stand-alone company for the business that generated sales of $234 million in 2018. Bayer acquired ...
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Lectra has signed an agreement with the shareholders of Retviews...
Lectra has signed an agreement with the shareholders of Retviews to acquire the two-year-old Belgian retail data analytics firm in two steps. In a first step, the Paris-based firm buys 70 percent of Retviews for €8 million. The remaining part will be taken over in three phases over the next ...
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Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen...
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen and Dupé, is selling its Argentinian subsidiaries for the equivalent of about €3.3 million. The deal follows an agreement that the Brazilian footwear manufacturer reached in September 2018 to sell 22.5 percent of the businesses behind its Topper brand, both ...
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Last April Snipes, the sneaker retail chain that has belonged...
Last April Snipes, the sneaker retail chain that has belonged to the Deichmann group since 2011, took over Kicks USA, a retail chain specializing in sneakers, athletic shoes and clothing, with 64 stores in eastern part of the U.S. Now it has acquired Mr. Alan's Men's Bootery, another sneaker chain based in ...
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Lanxess, the specialty chemicals manufacturer, is selling its chrome chemicals...
Lanxess, the specialty chemicals manufacturer, is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals manufacturer. The companies have signed an agreement, but the transaction still requires the approval of the relevant antitrust authorities. Lanxess expects to complete the transaction by the end of 2019. According to ...
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LIR, the family holding company that controls Geox and Diadora...
LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, has confirmed a report that it is now open to targeted acquisitions. In an interview with the Italian daily Il Gazzettino, Mario Moretti Polegato, chairman and founder of Geox, said that LIR, which ...
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Vivarte is slimming down further through the sale of Cosmoparis,...
Vivarte is slimming down further through the sale of Cosmoparis, the former premium footwear brand of San Marina, to Stéphane Collaert and Thierry Le Guénic. The financial terms of the deal were not disclosed. The two French entrepreneurs had previously acquired Chevignon, a similarly positioned brand of apparel from the ...
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RNF, the Dutch fashion group that owns the Mexx, Fred...
RNF, the Dutch fashion group that owns the Mexx, Fred de la Bretoniere, Shabbies Amsterdam and Umbro brands, will take over Palpa Trading on Sept. 1. The price of the acquisition has not been disclosed. The Dutch shoe manufacturer will continue to operate but under a different name: Palpa B.V. ...
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Schuhe24, the German-based online marketplace for independent shoe retailers, and Outfits24,...
Schuhe24, the German-based online marketplace for independent shoe retailers, and Outfits24, a similar portal operated by the same company, opened their first logistics center in Wiesbaden last month. Schuhe24 bundles the stocks of 1,000 affiliated retailers. Revenues rose to €25 million in 2017, and Schuhe24 expects them to reach €75 million in 2019 and €100 million ...
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Zalando moved into new headquarters in Berlin on June 26....
Zalando moved into new headquarters in Berlin on June 26. More than 6,000 employees who were previously scattered throughout the city are now coming together in the online retailer's new premises, encompassing 100,000 square meters. The recently opened “Zalando Campus” offers flexible desks, a fitness studio, open office areas, a ...
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Superfeet of Ferndale, Washington, has acquired RSscan International, a maker...
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker of systems to scan and analyze feet, notably for athletes. The deal's terms remain undisclosed, but it will enable the American insole and footwear brand to expand its research and manufacturing infrastructure. The combined company will have at least seven ...
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Alberto Raengo, an Italian manager who was formerly behind the...
Alberto Raengo, an Italian manager who was formerly behind the resurrection of Blauer and RefrigiWear, apparently enjoys reviving brands. Raengo was also behind the recent relaunch of Holubar, an American mountaineering brand that put together a small chain in the 1960s, was sold to Johnson Wax in about 1975 and ...
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Zalando has announced the construction of its first Dutch logistics...
Zalando has announced the construction of its first Dutch logistics center in the Bleiswijk business park, near Rotterdam. The new 140,000-square-meter facility will cater for customers in Western Europe, including the Netherlands, Belgium, Luxembourg, France, Spain and the U.K. The fulfilment center will have a total storage capacity of 16 ...
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BASF is investing to strengthen its presence in the footwear...
BASF is investing to strengthen its presence in the footwear industry. The company has recently expanded its Footwear Development Center in Italy, and has opened a new center in Thailand. Both facilities feature new machinery with direct injection molding technology. Most recently, BASF has opened a new 2,000-square-foot Footwear Development ...
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The big Chinese Huajian Group, which has been operating in...
The big Chinese Huajian Group, which has been operating in Ethiopia since 2011, is reportedly planning to invest $100 million in the construction of new shoe manufacturing and coffee processing factories in the country's Jimma Industrial Park. An agreement signed in May with the Ethiopian government will also see Huajian ...
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London Sole, the owner of the shoe brand French Sole,...
London Sole, the owner of the shoe brand French Sole, has bought the Bennetts department store Bennetts in Derby, which had been declared insolvent in February. French Sole specializes in the retailing of ballet flats and holds trademarks in every country in the world except the U.S. French Sole has stores ...
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Tamara Mellon, the New York-based co-founder of Jimmy Choo, is...
Tamara Mellon, the New York-based co-founder of Jimmy Choo, is receiving $50 million in Series C funding, led by the London-based investment firm Centricus, for the development of her own eponymous footwear brand. Previous investors, such as NEA and Quadrille Capital, also took part. The women's luxury footwear brand, which ...
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Farida has inaugurated a second factory in Scandicci, within a...
Farida has inaugurated a second factory in Scandicci, within a leather district six km southwest of Florence. Its other manufacturing facility in Chiusi, also in Tuscany, will remain operational. The new factory in Scandicci will focus on prototype development, sample items and special productions, such as those required by the ...
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The Global Fashion Group (GFG), which operates transactional websites in...
The Global Fashion Group (GFG), which operates transactional websites in emerging countries, has raised less than half of the expected proceeds from a public offering on the Frankfurt Stock Exchange. The offer period was extended due to low demand from potential investors. GFG raised €180 million with the placement of ...
