All Corporate articles – Page 33
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Emerging from Chapter 11 bankruptcy proceedings, Nine West has changed...
Emerging from Chapter 11 bankruptcy proceedings, Nine West has changed its name to become the Premier Brands Group under the ownership of CVC Credit Partners and Brigade Capital. It is starting over again with $100 million in liquidities granted by Wells Fargo and Goldman Sachs to support its operations and ...
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Sabu has moved to a new head office of 750...
Sabu has moved to a new head office of 750 square meters in Heilbronn, not far from its previous location
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Huajian is looking at investments in the Egyptian market, according...
Huajian is looking at investments in the Egyptian market, according to a recent statement by the Egyptian trade minister, Amr Nassar. The company is planning to build a new industrial area in El Roubiki Leather City, in the suburbs of Egypt's capital city, not far from Cairo's international airport. The ...
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Kaps acquired Tacco Footcare, the German family-owned shoe-care producer, at...
Kaps acquired Tacco Footcare, the German family-owned shoe-care producer, at the end of February. Through the acquisition, the Polish-based producer of shoe-care products expands its portfolio of brands. Tacco will add a wide range of products to Kaps' existing range, which includes insoles, cotton laces, boot-trees, shoehorns and brushes, among ...
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Manebì has announced that Milano Investment Partners, an Italian investment...
Manebì has announced that Milano Investment Partners, an Italian investment firm focusing on consumer/lifestyle businesses, has acquired a stake in the company. The investment is expected to support the expansion of the brand's international retail network and of its product offering. The products of the Spanish shoe brand, specializing in ...
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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, ...
