All Corporate articles – Page 41
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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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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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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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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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News briefs
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
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A French court has given Samson six months to recover...
A French court has given Samson six months to recover from its financial problems. The French producer of Artika Soft shoes has been in receivership since last October. It has laid off 34 workers, putting an end to all its manufacturing activities in France and leaving it with about 20 ...
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Advanced discussions have been taking place lately with potential investors...
Advanced discussions have been taking place lately with potential investors in Erich Rohde, the insolvent German shoe company, according to its receiver, Frank Schmitt. The discussions have concerned a possible takeover of the whole company or just its brand name, according to Schuhkurier. A solution should be found by the ...
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LVMH has announced the creation of LVMH Luxury Ventures, a...
LVMH has announced the creation of LVMH Luxury Ventures, a vehicle for the French conglomerate to invest in emerging companies in the fashion, cosmetics or accessories businesses. LVMH Luxury Ventures will be headed by Julie Bercovy, the group's deputy-head of mergers and acquisitions. The new venture will have a starting ...
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News briefs
A court in Marburg opened insolvency proceedings on Jan. 1...
A court in Marburg opened insolvency proceedings on Jan. 1 for Erich Rohde, the venerable German shoe company, confirming Frank Schmitt as receiver. He has already started discussions with potential new investors. Under his management, about 40 of Rohde's 138 employees have already been dismissed since the company requested bankruptcy ...
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News briefs
The share price of Tod's went up by nearly 13...
The share price of Tod's went up by nearly 13 percent yesterday after the reported acquisition of a 3 percent stake in the company by an Italian fund managed by Andrea Bonomi, who also has investments in Sergio Rossi, Artsana and other Italian medium-sized companies.
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News briefs
Jamie Cygielman has been appointed from Jan. 3 as executive...
Jamie Cygielman has been appointed from Jan. 3 as executive vice president and chief marketing officer at Iconix Brand Group, the U.S. company that has rights to brands from Umbro to Danskin, Starter, Pony and Ocean Pacific. She joins after marketing and business development functions at companies such as The ...
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News briefs
We have reported about many bankruptcies and shutdowns in the...
We have reported about many bankruptcies and shutdowns in the German shoe retail sector in the past year. Schuhhaus Wachendorf, an important, family-owned shoe store in Bremen that was affiliated with the ANWR group, closed its doors on Dec. 17 after 140 years in operation, reports Schuhkurier. The 400-square-meter store ...
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An unnamed investor has reportedly acquired a major shareholding in...
An unnamed investor has reportedly acquired a major shareholding in Budapester, a German online and offline retailer of luxury shoes and handbags, giving the company a valuation of €10 million. The business plan calls for an expansion of the offering and the launch of dedicated websites for the markets of ...
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News briefs
Flojos has been acquired by The Courtney Group, a private...
Flojos has been acquired by The Courtney Group, a private equity firm based in Newport Beach, California, for an undisclosed amount. The Courtney Group has purchased the family-owned brand of rubber sandals from Nellie and Sheng Yen Lin, a married couple. John Dickinson, who is also a stakeholder in the label, ...
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Wolverine Worldwide announced a few weeks ago the sale of...
Wolverine Worldwide announced a few weeks ago the sale of Robeez, the premium brand of soft-soled footwear for babies and toddlers, which belonged to its Stride Rite subsidiary, but it did not disclose the identity of the buyer. Now it is known that Robeez' new owner is McCubbin Hosiery, an ...
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Alpargatas is reportedly planning to close two small factories in...
Alpargatas is reportedly planning to close two small factories in Argentina that employ around 70 people. The shutdown is said to be related to new import policies for footwear that make it easier for the Brazilian company to supply the Argentinian market from Brazil.
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Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike &...
Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike & Trekking, The Right Size and other Dutch trade magazines are been published by a new company, 333 Media, following the bankruptcy in November of Maruba Sports & Travel Publishers. The new company was started by Maas van Drie, former owner ...
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News briefs
The ANWR Group, which is becoming more and more digitalized,...
The ANWR Group, which is becoming more and more digitalized, conducted a test with RFID chips at two affiliated retail companies up to the end of last year. At a recent conference on the future of retailing at its campus in Mainhausen, ANWR said it is also working on the ...
