All Corporate articles – Page 33
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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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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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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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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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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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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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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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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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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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Dominik Benner, the owner of Schuhe24, the German-based online marketplace...
Dominik Benner, the owner of Schuhe24, the German-based online marketplace for independent shoe retailers, has acquired 40 percent of We Want Shoes, the German online brand marketing and networking platform. The price paid for the acquisition was not reported. Saydou Bangoura, founder of We Want Shoes, remains chief executive of ...
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Diego Della Valle, whose family owns 61.5 percent of Tod's,...
Diego Della Valle, whose family owns 61.5 percent of Tod's, has “categorically” ruled out selling the company or any of its assets. In an interview with the daily La Repubblica, Della Valle, who is also chairman and co-chief executive of the company, said that he would be willing to buy ...
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Joya and Kybun have recently signed a cooperation agreement. The...
Joya and Kybun have recently signed a cooperation agreement. The Swiss brands of comfort shoes will from now on have a common warehouse in order to serve customers faster and more efficiently. In order to meet the planned expansion outside its domestic market, Switzerland, Kybun will move to additional offices ...
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Foster & Son has opened a new shoe factory in...
Foster & Son has opened a new shoe factory in Northampton, the first new shoe factory in decades in the U.K. The firm chose Oct. 25, the feast of St. Crispin, patron of industry, to inaugurate the facility. The factory currently employs eight workers, but the company plans to increase ...
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Lenci Calzature, an Italian contract manufacturer from the region of...
Lenci Calzature, an Italian contract manufacturer from the region of Tuscany, has reportedly announced that it plans to dismiss its remaining 70 employees and cease operations. Last January, Lenci Calzature already asked government authorities to help it to pay the wages of its employees, indicating that it was planning to ...
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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 ...
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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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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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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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P.W. Minor has shut down operations completely after 151 years...
P.W. Minor has shut down operations completely after 151 years in business. According to a Worker Adjustment and Retraining Notification (WARN) Act, the reasons for its closure were “economic.” Oct. 5 was listed as the closing date. Based in Batavia, NY, P.W. Minor was the second-oldest footwear manufacturer in the ...
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Allbirds, the American brand of sustainable footwear launched in 2016,...
Allbirds, the American brand of sustainable footwear launched in 2016, has raised $50 million more in Series C funding from institutional investors including T. Rowe Price and Fidelity. It has collected a total of $75 million to conduct further research into sustainable materials and to expand internationally. It has just ...
