All Corporate articles – Page 35
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News briefs
Clarks plans to open its first logistics center on continental...
Clarks plans to open its first logistics center on continental Europe. The company's new logistics center, covering 10,000 sqm is tentatively scheduled to be opened by the spring of 2020 in Krefeld, Germany. From there, Clarks aims to deal with orders from European wholesale clients and shoe retailers as well ...
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Following the vertical integration strategy of Hermès Louis Vuitton, Chanel...
Following the vertical integration strategy of Hermès Louis Vuitton, Chanel has taken full ownership of two tanners to better secure the supply of high-quality leather, especially for its handbags and other leathergoods. One of them is a Spanish tannery, the Colomer Leather Group. Its revenues had fallen sharply in recent ...
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The Vivarte group confirmed earlier this month the sale of...
The Vivarte group confirmed earlier this month the sale of Besson Chaussures to Weinberg Capital Partners, a French investment fund, and to the Philippe Ginestet group, which owns the low-price Tati apparel stores among other retail assets. Besson has been a wholly-owned subsidiary of Vivarte since 1998 and posted revenues ...
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Florida Group has decided to shut down the factory in...
Florida Group has decided to shut down the factory in Norwich that produced women's shoes for its Van Dal brand. All production will be moved to Italy and India. Van Dal will continue to be present in Norwich as a new office and warehouse in town are reportedly in the ...
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Velasca, a Milan-based maker of luxury shoes and accessories for...
Velasca, a Milan-based maker of luxury shoes and accessories for men, has secured €2.5 million in a new round of funding led by P101 SGR, an existing backer, with participation from Milano Investment Partners and a group of private investors. It is P101's second investment in Velasca, after the one ...
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According to a German trade magazine, Schuhkurier, Steffen Liebich, owner...
According to a German trade magazine, Schuhkurier, Steffen Liebich, owner of the German Leiser, Schuhhof and Anika Schuh retail chains, recently acquired another important German shoe retail chain, Schalthost. Permactum, the company that owned Schlatholt, was taken over on Aug. 8 by Goal, the holding company of Liebich. According to ...
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Short stops
After the sale of its Nine West brand, Sycamore Partners...
After the sale of its Nine West brand, Sycamore Partners has mandated the Lazard investment bank to explore a possible sale of the remaining assets of Nine West Holdings, including Anne Klein, Kasper and its jeanswear and jewelry businesses
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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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News briefs
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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News briefs
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 ...
