All Corporate articles – Page 40
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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
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Pascal Poulain, general manager of André, is looking for an...
Pascal Poulain, general manager of André, is looking for an investor to help him finance a management buyout of the French shoe retail chain, according to Le Figaro. André, which is one of the assets due to be divested by the Vivarte group, had a turnover of €124 million last ...
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News briefs
Another minority shareholder of Deckers Brands has called for a...
Another minority shareholder of Deckers Brands has called for a sale of the company, charging that it has underperformed in the past three to five years. Mountain Capital Partners, which owns 3.3 percent of the equity, complained in particular about poor capital allocation decisions by Deckers' management, adding that there ...
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News briefs
According to various reports, Payless ShoeSource, the international low-priced shoe...
According to various reports, Payless ShoeSource, the international low-priced shoe retail chain based in the U.S., is planning to shut down between 300 and 1,000 stores while renegotiating its debts of $665 million, of which $520 million consists of loans maturing in 2021. Some Chinese suppliers are suffering because they ...
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News briefs
After the numerous divestitures announced by Vivarte, its main competitor...
After the numerous divestitures announced by Vivarte, its main competitor in shoe retailing, Eram has announced its decision to put up for sale again Agora Distribution, a French company whose holdings include Tati, a pioneer in discount apparel retailing that has suffered from the development in France of more modern ...
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Pentland Brands has announced an unspecified investment in SeeVees, a...
Pentland Brands has announced an unspecified investment in SeeVees, a Californian brand of casual lifestyle sneakers. Pentland says the company pioneered the transformation of the original sneaker from a gym shoe to a casual shoe after its establishment in 1964. It was “rediscovered” and “resurrected” in 2010 by Steven Tiller, ...
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Jones Bootmaker has reportedly been put on the market by...
Jones Bootmaker has reportedly been put on the market by its owner, Alteri Investors, which has engaged KPMG to explore options for the 160-year-old British shoe retailer, including a sale or a potential bankruptcy protection process. Jones Bootmaker has 170 stores, and it recently revamped its web shop and launched ...
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Short stops
Zalando has inaugurated its new distribution center for the French...
Zalando has inaugurated its new distribution center for the French market, covering 20,000 square meters at a location near Paris
