All Corporate articles – Page 40
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News briefs
Amazon is adding a new distribution center equipped with advanced...
Amazon is adding a new distribution center equipped with advanced robotic technology in the Bolton region that will employ 1,200 new people. In Germany, meanwhile, Amazon reportedly suffered delivery problems after strikes crippled six of its German logistics centers in early October. Verdi, a German trade union based in Berlin, ...
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Four years after entering administration, the British form of insolvency,...
Four years after entering administration, the British form of insolvency, Barratts is selling the rights to the brand and its international trademark portfolio. Established in 1903, the British heritage footwear retailer was heavily impacted by tough market conditions after the global financial crisis and fell into receivership in 2013. This ...
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The Montreal-based Aldo Group and the U.S.-based Camuto Group announced...
The Montreal-based Aldo Group and the U.S.-based Camuto Group announced that they have mutually decided not to pursue a proposed merger under which the Canadian company would have acquired control of the American one. They have nevertheless agreed that Camuto will become a strategic partner of the international shoe retailer.
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Anika Schuhhandels GmbH has applied for pre-insolvency court protection. Under...
Anika Schuhhandels GmbH has applied for pre-insolvency court protection. Under the German process, similar to Chapter 11 bankuptcy in the U.S., the German shoe retailer will propose a reorganization plan to keep the business alive. Headquartered in Neustrelitz near Berlin, Anika operates 60 stores under the names of Anika Schuh, ...
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Roots, the Canadian-based chain of lifestyle apparel stores, is planning...
Roots, the Canadian-based chain of lifestyle apparel stores, is planning to go public on the Toronto Stock Exchange. The public offering comes two years after a private equity firm, Searchlight Capital, acquired a majority stake in the company and appointed a few months later a new chief executive, Jim Gabel, ...
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News briefs
Mexx, the Dutch brand of clothing and footwear, has been...
Mexx, the Dutch brand of clothing and footwear, has been taken over by the Dutch RNF Group, which has bought the brand rights from the Turkish Eroglu Holding group. Owned by Ron Janssen and Ferry Helmer, RNF controls among others Ferro Footwear, a Dutch trading company that they founded and that has ...
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Vivarte is considering the possible divestiture of Besson, one of...
Vivarte is considering the possible divestiture of Besson, one of its two low-priced shoe retail chains
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Groupe Royer, which owns the brand rights for Kickers and...
Groupe Royer, which owns the brand rights for Kickers and many other shoe brands, has added Hungaria to its brand portfolio. Based in Gonesse, France and formerly known as Hunga, Hungaria is a sports brand that was created in 1931. In 1976, Hungaria was acquired by Adidas, but was then ...
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Coach is changing its name to Tapestry as part of...
Coach is changing its name to Tapestry as part of its transformation into a multi-brand luxury group
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Robert Clergerie is changing its name to Clergerie Paris, starting...
Robert Clergerie is changing its name to Clergerie Paris, starting with a new store on Paris' rue Saint-Honoré
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Compagnie Vosgienne de la Chaussure (CVC), the French manufacturing company...
Compagnie Vosgienne de la Chaussure (CVC), the French manufacturing company recently sold by Vivarte to a German investment group, is one of the candidates to the acquisition of J.B. Martin, but court authorities have been postponing a decision on the buyer
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News briefs
Clariant has reaffirmed its commitment to the planned merger with...
Clariant has reaffirmed its commitment to the planned merger with Huntsman, after a shareholder built up a 15 percent stake in the company to fight the merger. White Tale Holdings now owns 15.1 percent of Clariant, making it the biggest shareholder in the Swiss chemicals group. White Tale had submitted ...
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Salvatore Ferragamo will resume reporting its results on a quarterly...
Salvatore Ferragamo will resume reporting its results on a quarterly basis, starting with third quarter figures scheduled for release on Nov. 14. Under Italian stock market rules, companies are no longer compelled to release reports for the first and third quarters. Ferragamo has nevertheless decided to resume the publication of ...
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N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase...
N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase by 117 percent in 2016 to €52 million. Around 45 percent of the turnover was generated in Asia. The brand has a flagship store in Milan's centre of fashion, on via Santo Spirito, and 14 franchised stores, mainly in Asia. ...
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News briefs
Marcato Capital Management, the activist investor that has been criticizing...
Marcato Capital Management, the activist investor that has been criticizing the management of Deckers Brands and wants it to sell its assets, has come up with a list of ten new executives that it has nominated for seats on the company's board of directors. The board is up for renewal ...
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Prada is changing its financial year to align it with...
Prada is changing its financial year to align it with the calendar year, which will result in an 11-month reporting period in 2017. Until last year, Prada's financial year ran from Feb. 1 to Jan. 31. For this year, the financial year started on Feb.1 but will end on Dec. ...
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News briefs
DTLR, an urban lifestyle retailer based in Hanover, in the...
DTLR, an urban lifestyle retailer based in Hanover, in the Baltimore area, is merging with Philadelphia-based Sneaker Villa, also a urban lifestyle retailer. The merged company will comprise nearly 240 stores across 19 states and the District of Columbia, spanning the East Coast from New York to Florida, the Midwest, ...
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News briefs
After a strong 2016 with a turnover of €11.5 million,...
After a strong 2016 with a turnover of €11.5 million, the Swedish shoe manufacturer Kavat has invested in new, larger production facilities in Bosnia-Herzegovina. The company moved its 160 employees in July from the existing premises in Travnik into a new 5000-square-meter factory in Novi Travnik, 90 kilometers west of ...
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A French bankruptcy court has shifted to Sept. 8 the...
A French bankruptcy court has shifted to Sept. 8 the deadline for candidates to the acquisition of J.B. Martin
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News briefs
Unsecured creditors of Payless Shoesource will collect €32.3 million from...
Unsecured creditors of Payless Shoesource will collect €32.3 million from Golden Gate Capital and Blum Capital to settle claims over dividends and fees of €400 million that the two private equity firms took from the bankrupt American discount shoe retail chain after its acquisition in 2012. In total, unsecured creditors ...
