All Corporate articles – Page 40
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The Brantano chain in the U.K. has closed its remaining...
The Brantano chain in the U.K. has closed its remaining 69 stores, resulting in the dismissal of about 900 employees. The shoe retail chain went into administration, a form of bankruptcy, on March 22. Alteri, the chain's private equity owners, has said the company suffered from the sharp fall in ...
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Zalando continues its shopping spree with the takeover of yet...
Zalando continues its shopping spree with the takeover of yet another start-up, Anatwine. The European e-commerce giant first acquired a 20 percent stake in this British software firm in May, but announced in July that it was taking over the company entirely. The purchase price has not been made public. ...
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Tati, the French cut-price shop, is to be sold to...
Tati, the French cut-price shop, is to be sold to Gifi. The verdict was handed down by the appeals court of Bobigny on June 26. Eram had announced earlier this year that it had decided to sell Agora Distribution, the loss-making unit which owned Tati and other brands including Fabio ...
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Yoox Net-a-porter (YNAP) has inaugurated a tech hub in London....
Yoox Net-a-porter (YNAP) has inaugurated a tech hub in London. Located in west London's White City, the hub has been designed by Nicholas Grimshaw, the architect behind the Eden Project domes in Cornwall. The 6,500-square-meter facility can host up to 650 IT experts, including the current 500 employees of the ...
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The Samwer brothers have sold a 3.8 percent share in...
The Samwer brothers have sold a 3.8 percent share in Zalando for approximately €375 million. The trio, who were the main investors in the European online retailer of fashion and sports apparel during the start-up phase, further reduced their stake to 4.99 percent. With the sale, a Scottish investment firm, ...
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Zalando released details of a planned new €30 million logistics...
Zalando released details of a planned new €30 million logistics center in Sweden. Located in Brunna near Stockholm, the distribution center will be operational by the end of the year, with up to 300 employees. The goal is to significantly reduce the time required fopr deliveries of parcels in all ...
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Wolverine Worldwide is going ahead with its slimming-down program by...
Wolverine Worldwide is going ahead with its slimming-down program by licensing out its Stride-Rite brand of children's shoes. After closing all its Stride-Rite retail stores, it has signed a global, long-term license for the brand with Vida Shoes International, a company that runs a portfolio of more than a dozen ...
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The Atom Group has moved its German subsidiary to larger...
The Atom Group has moved its German subsidiary to larger and more functional premises in the Pirmasens area, following its recent acquisitions. The Italian company celebrated the move with a special exhibition on “Atom: The Cutty Factory.”
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Investcorp, the big investment fund based in Bahrain, is reportedly...
Investcorp, the big investment fund based in Bahrain, is reportedly among the bidders for Jimmy Choo. It had already bid for Jimmy Choo in 2011, before the company was snapped up by JAB Luxury, which put it up for sale in April.
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Eurazeo has launched Eurazeo Brands, a new division with the...
Eurazeo has launched Eurazeo Brands, a new division with the objective of expanding Eurazeo's involvement in fashion. The French private equity firm already has stakes in fashion companies including Desigual, Moncler, Farfetch and Vestiaire Collective. Eurazeo Brands will be its fifth division. The new division will be endowed with an ...
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Browns Shoes has invested in a new order management system...
Browns Shoes has invested in a new order management system (OMS) – the OrderDynamics OMS – to boost efficiency with ship-from-store services and enhance its omnichannel capabilities. Founded in Montreal in 1940, Brown Shoes now owns and operates more than 60 stores throughout Canada, in addition to a strong e-commerce presence.
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Giggs, a German online retailer specializing in children's shoes, has...
Giggs, a German online retailer specializing in children's shoes, has decided to close up shop, reportedly because more than 60 percent of the products ordered were being returned. Giggs was asking parents to take measurements of their children's feet before placing their orders.
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Fornarina has inaugurated a new showroom in Hong Kong, inside...
Fornarina has inaugurated a new showroom in Hong Kong, inside the Silvercord Building. Fornarina was acquired by Bright Fame Holdings, based in Hong Kong, last November. The new showroom is part of the brand's expansion plans in the Asia-Pacific region. Fornarina generates 35 percent of its revenues in Italy and ...
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As reported in our last issue, a French startup, Saola,...
As reported in our last issue, a French startup, Saola, launched a campaign on Kickstarter on May 23 to collect funds for the development of its new eco-friendly shoes. After only 13 days, the brand reached its goal of raising a first batch of $25,000 to get the production started. ...
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The Royer Group, which owns Aster, Mod'8 and other brands...
The Royer Group, which owns Aster, Mod'8 and other brands of children's shoes, is said to be one of four candidates for the takeover of another French children's footwear brand, GBB, and its Catimini and IKKS licenses. These assets belong to a larger French group, Kindy, that specializes in socks. ...
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LVMH has reached the highest stock market capitalization on the...
LVMH has reached the highest stock market capitalization on the CAC 40, the benchmark index of the French stock exchange, overtaking Total, France's largest oil company, with a capitalization of €116.7 billion. The value of LVMH's shares has risen by nearly 27 percent since the beginning of this year. Kering, ...
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Tecnomodel, a company in the Marche region of Italy that...
Tecnomodel, a company in the Marche region of Italy that has been handling the production of luxury men's and women's shoes for important fashion brands for more than 25 years, has opened a new head office at Porto Sant'Elpidio. The 2,300-square-meter structure houses its design center, its showroom, its production ...
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21 Investimenti, the private equity firm of Alessandro Benetton that...
21 Investimenti, the private equity firm of Alessandro Benetton that took over Philippe Model last July, wants the brand to develop an omni-channel strategy under its new chief executive, Andrea Pesaresi, who comes from Zegna. While consolidating the wholesale segment, where the French-Italian brand of sneakers is sold in about ...
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ShoeBuy has purchased the domain name Shoes.com, reportedly for $9...
ShoeBuy has purchased the domain name Shoes.com, reportedly for $9 million. ShoeBuy was acquired by Jet.com, a subsidiary of Walmart, three months ago. Another former domain name of Shoes.com, SHOEme.ca, has been reportedly acquired by DSW, at an undisclosed price. These two domain names and OnlineShoes.com were owned by a ...
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The board of the Leiser Group decided to restructure all...
The board of the Leiser Group decided to restructure all its operating companies in the framework of bankruptcy protection proceedings, which the local court of Augsburg granted on March 24. Three trustees from the Schneider Geiwitz law firm, Arndt Geiwitz, Patrick Wahren and Christian Plail, are guiding the group's new ...
