All Corporate articles – Page 36
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News briefs
Bally's new Milan premises in viale Piave 42 are now...
Bally's new Milan premises in viale Piave 42 are now fully operational. The 2,400-square-meter facility, on four floors, is home to the merchandising, visual merchandising and communication departments. It also features an 800-square-meter showroom. Last year, Bally closed down its headquarters in London and relocated the business between Milan and ...
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News briefs
JD.com is taking a series of action to entice European...
JD.com is taking a series of action to entice European luxury brands. The company has recently announced it can offer faster delivery and better protection against counterfeit products than the sites of its main competitor, Alibaba. At the latest World Retail Congress in Madrid on April 17-19, JD.com's international president, ...
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News briefs
Kröger Shoes, a German shoe retailer, has become insolvent, but...
Kröger Shoes, a German shoe retailer, has become insolvent, but there are reportedly candidates for the acquisition of some or all of its stores. Its owner, Uwe Kröger, died in a car accident at the beginning of April. Kröger Shoes was established in 1984. It operates stores under its own ...
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News briefs
The Vivarte Group has sold its Naf Naf brand of...
The Vivarte Group has sold its Naf Naf brand of affordable women's wear to a Chinese group, La Chapelle Fashion Company, for €52 million. This leaves the French group with only two subsidiaries, Besson and Chevignon, that are still looking for new investors. Vivarte has already divested many other holdings ...
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W.L. Gore & Associates has opened an 11,000-square-foot R&D center...
W.L. Gore & Associates has opened an 11,000-square-foot R&D center in California's Silicon Valley that will connect it with companies in the aerospace, automotive, digital health, consumer electronics, fabrics, industrial and medical fields. A first project underway consists of funding a local startup, Krenzen, for the development of a digital ...
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News briefs
Salvatore Ferragamo will ask shareholders to approve on April 20...
Salvatore Ferragamo will ask shareholders to approve on April 20 a resolution authorizing the company to overcome the principle of one share one vote. Under Italian legislation passed in 2014, listed companies can introduce a loyalty bonus granting up to two voting rights to investors holding shares for at least ...
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Short stops
Geox' board approved the merger by absorption of a wholly-owned...
Geox' board approved the merger by absorption of a wholly-owned subsidiary, G.R. MI, which owns five Geox stores in Lombardy managed by the parent company
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News briefs
Jean-Pierre Bidegain, a fellow publisher and friend, has sold all...
Jean-Pierre Bidegain, a fellow publisher and friend, has sold all his French shoe-related publications to a company owned by the Societé International du Cuir (SIC), a private company linked to the French Leather Council (CNC) that has a joint venture with UBM Asia for the APLF and Fashion Access fairs ...
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News briefs
Vibram has announced the opening of a new office in...
Vibram has announced the opening of a new office in Portland, Oregon, to support its clients in this important area of the U.S. for the outdoor industry. It will be run by Joel Enderle, who joins the Italian sole manufacturer after spending more than three decades in product development and ...
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News briefs
Permactum, a new holding company formed last summer to carry...
Permactum, a new holding company formed last summer to carry out the reorganization of Schlatholst, has filed for insolvency proceedings. The Germany shoe retailer has reduced the number of its stores to 12 from 22 in 2015, when it first filed for insolvency.
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News briefs
Tanya Heath, the Paris-based developer of women's shoes with removable...
Tanya Heath, the Paris-based developer of women's shoes with removable heels, is relocating their production from France to Portugal. The move has allowed her to reduce prices on all models by between 20 and 50 percent. The mechanisms and the heels will continue to be made at the company's own ...
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News briefs
Bally will be owned by Chinese interests in the end....
Bally will be owned by Chinese interests in the end. After several months of negotiations, JAB Luxury has agreed to sell a controlling stake in the Swiss company to Shandong Ruyl, a big Chinese textile company that also owns Aquascutum, the French SMCP group and Invista, the producer of Lycra ...
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News briefs
Confirming its intent to build up Jimmy Choo into a...
Confirming its intent to build up Jimmy Choo into a $1 billion brand, Michael Kors Holdings' management said it may be interested in other acquisitions in the luxury sector. Kors, which bought Jimmy Choo from JAB Luxury last summer, said the brand's sales of $114.7 million in the first two ...
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News briefs
Calla Shoes, the specialist in shoes that support and disguise...
Calla Shoes, the specialist in shoes that support and disguise bunions, is reportedly one of the recipients of the first-ever wave of investments from the British Design Fund. The Manchester-based footwear company will get part of the £500,000 (€562,394.8m-$694,531.6m) investment fund alongside Kokoon Technology and K Tech Manufacturing. Calla Shoes ...
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News briefs
Nine West is said to be close to filing for...
Nine West is said to be close to filing for Chapter 11 bankruptcy protection from its creditors. The proceedings would allow the American retail chain to restructure a total debt of almost $1.5 billion, while continuing to do business.
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News briefs
Gucci has opened a high-end restaurant in the 14th-century Palazzo...
Gucci has opened a high-end restaurant in the 14th-century Palazzo della Mercanzia near the central Piazza della Signoria in Florence. The chef is Massimo Bottura, who is said to have opened the best restaurant in the world, Osteria Francescana, in Modena last year. The Gucci Osteria is part of a ...
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News briefs
CCC has taken over its 54 franchised stores in Romania...
CCC has taken over its 54 franchised stores in Romania from its franchisee, Peeraj Brands International, which also operates stores for Geox and other brands. Peeraj, which is owned by investors in Dubai, says the Polish-based chain is paying around €33 million for the business, which generated a net profit ...
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News briefs
The management of Deckers Brands, parent company of Ugg, Teva,...
The management of Deckers Brands, parent company of Ugg, Teva, Sanuk and Hoka One One, won a 10-month fight against one of its investors at the company's annual meeting on Dec. 14, where all its directors were re-elected. The activist investor, Mercator Capital Management, had proposed that some or all ...
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News briefs
A Chinese company, Shandong Ruyi, is the leading contender for...
A Chinese company, Shandong Ruyi, is the leading contender for the acquisition of Bally International, according to Bloomberg. The other three candidates are two other Chinese firms and the Itochu group from Japan. JAB Holding, which already sold Jimmy Choo to Michael Kors last summer, has put a price tag ...
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News briefs
Payless ShoeSource, which emerged from Chapter 11 bankruptcy in August,...
Payless ShoeSource, which emerged from Chapter 11 bankruptcy in August, has placed its corporate headquarters for sale. The company, based in Topeka in Kansas in the U.S., is seeking $8.5 million for the 300,000-square-foot of buildings. The beleaguered retailer laid off 170 employees in November, following the cut of 165 ...
