All Corporate articles – Page 32
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Asso, an Italian producer of children's shoes, is diversifying into...
Asso, an Italian producer of children's shoes, is diversifying into the adult segment by buying Keys, an Italian footwear and apparel brand, from the Opera group. Asso said that it plans to expands Keys' distribution network, which is currently limited to Italy and Northern Europe. The autumn/winter 2019/2020 collection of ...
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A veteran of the footwear industry, Anton Magnani, led the...
A veteran of the footwear industry, Anton Magnani, led the management team that has bought out a Florentine leathergoods firm, BMB Manifattura Borse, from a German private equity firm, Halder, which had acquired it in 2013. BMB produces high-end products for brands like Chanel. BMB has annual sales of about ...
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In 2020, Crocs will be relocating its headquarters from Niwot...
In 2020, Crocs will be relocating its headquarters from Niwot to Broomfield, another town in the same state of Colorado. This new building, which already stands, is more spacious, at 80,000 square feet, and more conveniently located, near the growing commercial corridor of Route 36, which passes through both Boulder ...
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The chairman and chief executive of Tod's, Diego Della Valle,...
The chairman and chief executive of Tod's, Diego Della Valle, has struck a deal with the French bank Crédit Agricole to buy a 5.13 percent interest in the Italian luxury shoe company controlled by his family, lifting their stake to 65.8 percent. According to a filing with the Italian stock ...
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Wortmann, the German shoe producer that owns the Tamaris, Jana, Caprice,...
Wortmann, the German shoe producer that owns the Tamaris, Jana, Caprice, Be Natural and Marco Tozzi brands of footwear, has signed a new licensing deal with Meier Lederwaren, the leathergoods maker in Offenbach, Germany, for its product line of bags. The contract with Tamaris Accessories, of Obertshausen, will end on Nov. ...
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Skechers USA has begun to expand its headquarters in California....
Skechers USA has begun to expand its headquarters in California. The project, overseen by David Forbes Hibbert of DFH Architects, will feature a design center of 100,000 square feet, add new executive offices along the Pacific Coast Highway in Hermosa Beach, double the offices, design studios and showrooms in the ...
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Michael Kors Holdings has changed names to Capri Holdings after...
Michael Kors Holdings has changed names to Capri Holdings after completing the acquisition of the Italian fashion house Versace (see Shoe Intelligence Vol. 20 n°19+20).
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Foot Locker has invested $2 million in Pensole Inc., which...
Foot Locker has invested $2 million in Pensole Inc., which runs the Pensole Footwear Design Academy. Founded in 2010 by D'Wayne Edwards, former director of design at Nike's Jordan Brand, Pensole offers prospective footwear designers free tuition and a learn-by-doing curriculum. Some 400 alumni are currently at work in the ...
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Zalando's depressed share price went up by 6.1% following renewed...
Zalando's depressed share price went up by 6.1% following renewed speculation that the Alibaba Group may make a bid for the German-based e-tailer
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Salvatore Ferragamo bought back 50,000 of its own shares, representing...
Salvatore Ferragamo bought back 50,000 of its own shares, representing 0.03 percent of its capital, for €887,685. The shares were bought between Dec. 27 and Jan. 2 at an average price of €17.75 each
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LVMH has set up an internal initiative, called the Retail...
LVMH has set up an internal initiative, called the Retail Lab, to help promote the digital transformation of its multiple segments and brands. In September of last year, the group hired Gautier Pigasse, who previously worked for VP Mobile Marketing and 6 in Motion, to set up and manage LVMH's ...
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Birkenstock is building a central chemical laboratory at its production...
Birkenstock is building a central chemical laboratory at its production plant in Bernstadt. The laboratory is scheduled to start operating at the end of the next year. The German shoe manufacturer has invested around €4 million in the construction, which signals a clear commitment to the company's location in Bernstadt, ...
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Moody's lowered its rating for Caleres' liquidity because of the...
Moody's lowered its rating for Caleres' liquidity because of the American shoe retailer's acquisition of Vionic for $360 million (see our previous issue) reduced the availability of cash under its $600 million asset-backed revolving credit. On the other hand, the rating agency felt that Caleres should be able to meet ...
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Shoe Carnival has announced a new share repurchase program for...
Shoe Carnival has announced a new share repurchase program for up to $50 million of its outstanding common stock, effective Jan. 1, 2019. It will replace the existing $50 million share repurchase program that was authorized on Dec. 14, 2017, which will expire on Dec. 31, 2018. Under the new ...
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Peter Bird, former finance director of Clayton & Sons, has...
Peter Bird, former finance director of Clayton & Sons, has bought the assets of the bankrupt British supplier of leather for shoes and accessories from the Clayton Leather Group, according to Drapers magazine. The group itself went into administration, a form of bankruptcy on Oct. 4, retaining only 12 employees. ...
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Crocs has agreed to repurchase the preferred convertible shares of...
Crocs has agreed to repurchase the preferred convertible shares of Blackstone Capital Partners, which had acquired them in 2014 as part of a $200 million investment in the company. Crocs will buy back half of the preferred shares at $26.64 each for a total of $183.7 million. The other half ...
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The Serafin group, the Munich-based holding company that invests in...
The Serafin group, the Munich-based holding company that invests in medium-sized businesses, has successfully acquired Bama, German manufacturer of shoe care products. The product portfolio includes polish, balm, protectors and deodorants, a variety of insoles and accessories such as laces. The products are distributed under the Bama and Woly brands in ...
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Compagnie Vosgienne de la Chaussure (CVC), the French shoe manufacturing...
Compagnie Vosgienne de la Chaussure (CVC), the French shoe manufacturing company previously owned by Vivarte, may be able to stave off its liquidation. The bankruptcy court that is handling the case announced on Nov. 6 that it had received an offer for its takeover. Prodded by a former manager of ...
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CCC plans to launch its main online footwear store, Eobuwie.pl,...
CCC plans to launch its main online footwear store, Eobuwie.pl, on the stock exchange in Warsaw. The website generated revenues of around €58 million in the latest quarter.
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The German Cartel Office has endorsed the merger of the...
The German Cartel Office has endorsed the merger of the Karstadt and Kaufhof department store chains. They will be run by a joint venture being formed between the Austrian-based owner of Karstadt, Signa, and the Canadian-based Hudson's Bay Co., which took over Kaufhof three years ago. The operational management will ...
