All Corporate articles – Page 35
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USA Dawgs, the company that fought for a decade against...
USA Dawgs, the company that fought for a decade against Crocs, claiming that it was infringing the intellectual property rights of its own clogs, has been acquired by a private equity firm, the Optimal Investment Group, in an asset deal worth $3,250,000. The company, which produces and sells shoes under ...
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Legero United, the Austrian company behind the Legero, Superfit, Think! and Vios...
Legero United, the Austrian company behind the Legero, Superfit, Think! and Vios brands, is building a new head office in Feldkirchen near Graz. At a ground-breaking ceremony staged on July 19, the group indicated that it will accommodate 550 employees in the future. The so-called “Legero United Campus” will consist of two ...
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BASF New Business has acquired all the shares of Advanc3D...
BASF New Business has acquired all the shares of Advanc3D Materials, based in Hamburg, and Setup Performance, based in Lyon. Both companies are start-ups focusing on 3D printing. Advanc3D Materials offers tailor-made plastic powders and formulations for selective laser sintering (SLS) as well as process know-how. Setup Performance is Advanc3D ...
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Pavers has acquired Herring Shoes, a family-run e-tailer that sells...
Pavers has acquired Herring Shoes, a family-run e-tailer that sells shoes developed by high-end English manufacturers, focusing on men's footwear. The financial terms of the deal have not been disclosed. The acquisition is meant to allow Pavers to broaden its online expertise and international reach. Herring, based in Devon, will ...
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Zeis Excelsa, the Italian shoe company behind brands such as...
Zeis Excelsa, the Italian shoe company behind brands such as Dirk Bikkembergs, Cult, Docksteps and Virtus, has been given preliminary bankruptcy protection from creditors by a court in Fermo. It has been time until Aug. 6 to confirm the bankruptcy proceedings or to present a debt restructuring plan. Controlled by ...
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Boa Technology has opened a new global headquarter in the...
Boa Technology has opened a new global headquarter in the Zeppelin Development Flight building in Denver. The space of 85,000 square feet is more than three times bigger than its previous location, and it doubles the capacity of its R&D operations. Founded in 2001, the specialist in technical shoe lacing ...
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In a strategic move intended to boost its wholesale operations,...
In a strategic move intended to boost its wholesale operations, Caleres has acquired a controlling interest in Blowfish Malibu, an original, 13-year-old Californian brand of lifestyle footwear that had revenues of $27 million in the last 12 months. The terms of the deal were not disclosed but Caleres said it ...
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Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou,...
Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou, says it is looking for new customers as it will no longer do business as of September with a client that accounted for 87% of its business in the past year
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Ferragamo Finanziaria, the holding company of the Ferragamo family, sold...
Ferragamo Finanziaria, the holding company of the Ferragamo family, sold a 3.5 percent stake, or 5.9 million shares, in Salvatore Ferragamo through an accelerated book-building process managed by Goldman Sachs. The shares were sold at €23.25 each, representing a discount on the closing price of €24.53 established on the day ...
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Moody's has raised the corporate rating of Wolverine Worldwide from...
Moody's has raised the corporate rating of Wolverine Worldwide from Ba2 to Ba1
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Guido Fluri, the former majority shareholder of Pasito-Fricker, the Swiss shoe...
Guido Fluri, the former majority shareholder of Pasito-Fricker, the Swiss shoe retailer previously owned by Görtz, recently sold the majority of his shares to various unnamed private investors. Pasito runs 25 stores in the German-speaking part of Switzerland and in Tessin, the Italian-speaking part of the country. Fluri acquired the Swiss ...
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The Aldo Group is aiming to more intelligently fulfill online...
The Aldo Group is aiming to more intelligently fulfill online ship-from-store orders through a new partnership with Celect Fulfillment Optimization. The Canadian-based footwear and accessory retailer will use artificial intelligence to leverage store inventories in fulfilling online orders from the most profitable location across its global network. By adding an ...
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Prada's chief executive, Patrizio Bertelli, said the family who controls...
Prada's chief executive, Patrizio Bertelli, said the family who controls the luxury goods group does not intend to sell its stake. Bertelli added that his own son Lorenzo may one day head the group, if he wants to. Meanwhile, Prada has inaugurated its new factory in Valvigna, near Arezzo, in ...
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Tamara Mellon, who founded the Jimmy Choo brand, has collected...
Tamara Mellon, who founded the Jimmy Choo brand, has collected an additional $24 million from two investors in a second round of financing for the development of her eponymous brand, which she launched in 2016. This takes the total amount raised so far up to $37 million, helping her to ...
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CCC, the Polish-based chain of shoe and leathergoods stores, is...
CCC, the Polish-based chain of shoe and leathergoods stores, is entering the Swiss shoe market by taking a majority stake in Karl Vögele, the Swiss shoe retailer. As reported by both companies, NG2 Suisse, a subsidiary of CCC, has acquired 70 percent of the shares, which were previously held by ...
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New Steps, the Dutch Waalwijk-based company that owns the Yellow...
New Steps, the Dutch Waalwijk-based company that owns the Yellow Cab brand, filed for insolvency on May 23 in the bankruptcy court of Zeeland-West-Brabant. The court appointed S.M.P. Jacobs as the receiver. Yellow Cab was rather well-known in the 1990s for its original heels and prints, which appealed to young ...
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Zalando is running a €50 million share buyback from May...
Zalando is running a €50 million share buyback from May 11 through June 4 to cover its management stock option program
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Guillaume de Feydeau, who had been appointed president of J.B....
Guillaume de Feydeau, who had been appointed president of J.B. Martin last October, has resigned from his post. He has been replaced by a Portuguese manager, Avelino Machado. De Feydeau had presented a reorganization for the loss-making French shoe company that have been endorsed by the Paris bankruptcy cout last ...
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C. Banner International Holdings, a major Chinese footwear manufacturer, retailer...
C. Banner International Holdings, a major Chinese footwear manufacturer, retailer and distributor, has acquired a 51 percent controlling stake in House of Fraser, the British department store chain, from another Chinese company, Nanjing Cenbest. House of Fraser generated sales of £1.3 billion (€1.5bn-$1.8bn) last year through its 59 stores in ...
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Künzli, the Swiss brand of sneakers, has created a subsidiary...
Künzli, the Swiss brand of sneakers, has created a subsidiary with a factory in Albania, for the production of its shoe collections. Künzli's shoes have been made in Switzerland since 1927, outsourcing the stitching in the country and assembling the products in-house. Stitching and assembly are now combined in a ...
