All Corporate articles – Page 32
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Tapestry is beginning to take advantage of new synergies in...
Tapestry is beginning to take advantage of new synergies in shoe production between two of its brands, Coach and Stuart Weitzman. The American company has set up a team to produce a 1941 capsule collection of Coach shoes in Petrer, with an annual capacity of around 12,000 pairs. Petrer is ...
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Aldo Brué has relinquished the European license for Bruno Magli,...
Aldo Brué has relinquished the European license for Bruno Magli, after deliveries of the last autumn/winter collection. The Italian company had obtained the license two years ago from Neuberger Berman, with the right to sell the products also in Asia. As previously reported (Shoe Intelligence Vol. 20 n°19+20 of Oct. 20, 2018), ...
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LK Bennett, the British shoe and apparel retailer and wholesaler,...
LK Bennett, the British shoe and apparel retailer and wholesaler, has filed for judicial administration, a British form of bankruptcy, after failing to find a new investor who is willing to take over the company as well as its debt. Ernst & Young will oversee the administration process, with five ...
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Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a...
Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a few days ago as the third wealthiest man in the world, according to the Bloomberg Billionnaires index, overtaking Warren Buffet before the recent release of the results of his company, Berkshire Hathaway. The current ranking sees Arnault back in the ...
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Belle International, the largest Chinese operator of athletic footwear stores...
Belle International, the largest Chinese operator of athletic footwear stores for international brands, is planning to go public again with a valuation of $2.87 billion, according to Reuters. The company was taken private in 2017 with a valuation of $6.8 billion by a group of investors led by its management, ...
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While looking for a strategic partner, the Dutch-based Bretoniere Group...
While looking for a strategic partner, the Dutch-based Bretoniere Group has filed for insolvency on its wholesale and retail operations, blaming a drop in sales due to difficult market conditions. The group employs 115 people and sells shoes and handbags under two brand names, Fred de la Bretoniere and Shabbies ...
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CCC, the fast-growing Polish-based shoe retail chain, continues its shopping...
CCC, the fast-growing Polish-based shoe retail chain, continues its shopping spree. The chain made a tender offer for the shares of Gino Rossi, the struggling Polish shoe retailer, back in December, and the Polish Office for Competition and Consumer Protection has now approved the deal. The offer was for 0.55 zlotys ...
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Christian Louboutin is reportedly planning to open a hotel in...
Christian Louboutin is reportedly planning to open a hotel in Portugal, in the Alentejo region, in summer 2020. The French shoe designer personally knows the region, where he owns a holiday home. Construction work is expected to begin in April. The Alentejo, located in south-central Portugal, is known for its ...
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Schuhplus, the German mail-order retail specialist for extra-large men's and...
Schuhplus, the German mail-order retail specialist for extra-large men's and women's shoes, has acquired an Austrian-based competitor, SchuhXL Feldmann, from its former owner, Peter Feldmann, at undisclosed conditions. The group is now planning to enter Eastern European markets and to launch its website in new languages in the course of ...
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Peter Kaiser, the German manufacturer of women's shoes, is reducing...
Peter Kaiser, the German manufacturer of women's shoes, is reducing staff at its headquarters in Pirmasens. According to a report in a local newspaper, the headquarters has shed about 40 employees, bringing the total down to 200. According to Stefan Frank, chief executive, Peter Kaiser could no longer avoid reducing ...
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Skechers India is transitioning to a wholly-owned subsidiary of Skechers...
Skechers India is transitioning to a wholly-owned subsidiary of Skechers USA following the purchase by Skechers USA of a 49 percent stake in its Indian joint venture from Future Group. The financial details of the transaction have not been disclosed. This development is meant to accelerate expansion and to build ...
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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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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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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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N.d.c. made by hand has been sold to Maxim Telitsyn...
N.d.c. made by hand has been sold to Maxim Telitsyn and his wife Els, a couple of Belgian independent investors. The high-end shoe brand was founded in 2002 by Arnaud Zannier and Enrique Corbi. Corbi left the company in 2014. Arnaud Zannier is also the founder of Zannier Hôtel, a ...
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In the last two weeks of January, Diego Della Valle,...
In the last two weeks of January, Diego Della Valle, chairman and co-chief executive of Tod's, bought an additional take of about 2 percent in the company after it issued disappointing full-year sales figures, prompting the share price to fall. The shares are not part of an agreement reached with ...
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Short stops
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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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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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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Short stops
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).
