All Corporate articles – Page 33
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The three wealthiest families in France have announced major donations...
The three wealthiest families in France have announced major donations to help rebuild Notre-Dame de Paris after the iconic cathedral was partially destroyed by fire on April 15. François-Henri Pinault, president of Kering, has announced that the Pinault family, via Artémis, its holding company, will donate €100 million. LVMH and ...
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JD Sports Fashion has announced the non-conditional takeover of Footasylum,...
JD Sports Fashion has announced the non-conditional takeover of Footasylum, the British shoe and apparel retailer, after receiving pledges for 91.82 percent of its shares
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The brand rights and other assets of the bankrupt Bretoniere...
The brand rights and other assets of the bankrupt Bretoniere Group have been taken over by the RNF Group. Owned by Ron Janssen and Ferry Helmer, the Dutch group already owns a major trading company, Ferro Footwear, and Mexx, whose shoes are developed and sold by Ferro. As reported in our last ...
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Vivarte has sold its Chevignon chain of clothing shops to...
Vivarte has sold its Chevignon chain of clothing shops to Financière Royer, parent company of the Royer Group, and to two other investors specialized in fashion and retailing, Stéphane Collaert and Thierry Le Guénic. The banner made a turnover of around €24 million last year through its web store and ...
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Prada has entered a collaboration with Oracle under which it...
Prada has entered a collaboration with Oracle under which it will adopt a series of technological solutions from the American data management firm to boost the efficiency of its retail network. Oracle will help analyze historical data and current market demand across the Italian group's 634 mono-brand stores to improve ...
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Galeria Kaufhof Karstadt is the new name of the company...
Galeria Kaufhof Karstadt is the new name of the company coming out of the merger of the Karstadt and Kaufhof department store chains in Germany
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Permira, the investment fund that took over Dr. Martens and...
Permira, the investment fund that took over Dr. Martens and its parent company Airwear International from the Griggs family six years ago, is planning to cash out with a fat return on the investment, according to Sky News. It is reportedly seeking a valuation that would be more than double ...
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Skechers reports the opening of its 3,000th store. With a...
Skechers reports the opening of its 3,000th store. With a surface of 3,000 square meters, it is its largest mono-brand store in the world. It is located in the Chinese city of Shenyang. The store has an entertainment area for children and a large assortment of branded clothing to complement ...
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On Jan. 30, the Italian shoemaker Rucoline applied for debt...
On Jan. 30, the Italian shoemaker Rucoline applied for debt protection with a court in Perugia. The company was granted 120 days to present a reorganization plan including a debt restructuring proposal for its creditors. According to the daily Italia Oggi, Rucoline faced financial difficulties after a Chinese client, Eva ...
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Berkemann has acquired a shoe factory in Martfü, Hungary. The...
Berkemann has acquired a shoe factory in Martfü, Hungary. The German shoe company, based in Zeulenroda, will produce over 100,000 pairs of shoes per year at the new site. The takeover of the plant became necessary after Berkemann's existing Hungarian facility in Kiskunfélegyháza reached full capacity, said the company. With ...
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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 ...
