All Corporate articles – Page 42
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News briefs
Tod's confirmed plans to build a new plant at Arquata...
Tod's confirmed plans to build a new plant at Arquata del Tronto, a village of the Marche region that was severely damaged by two earthquakes on Aug. 24 and Oct. 30. Former Prime Minister Matteo Renzi had already announced in October the company's intention to invest in the area. On ...
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Payless Shoes, one of Australia's largest independent shoe retailers, has...
Payless Shoes, one of Australia's largest independent shoe retailers, has announced it will close 132 stores across the country. James Stewart, Jim Sarantinos and Peter Gothard were appointed to manage the company as administrators in November. Despite expressions of interest from various parties, in the end there were no acceptable ...
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Riccardo Grande Stevens, well known in Italy for being the...
Riccardo Grande Stevens, well known in Italy for being the son of Franzo Grande Stevens, the lawyer of the Agnellis who arranged many contracts for their Fiat group, is launching a new brand of high-end shoes called Steve's. The line will include men's classic footwear, with leather or rubber soles, as ...
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Five trade unions that represent employees of Vivarte have booked...
Five trade unions that represent employees of Vivarte have booked a meeting with government officials on Jan. 5 to air their complaints and their worries about deeper cuts to the workforce of the big French apparel and footwear retailing group, whose banners include big shoe retail chains such as André, ...
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News briefs
Giggs, a German online retailer specializing in children's shoes, will...
Giggs, a German online retailer specializing in children's shoes, will be liquidated by the end of this year. Giggs sent out a letter informing its suppliers on Dec. 14. All orders for the spring/summer 2017 collections have been cancelled. Current contracts with suppliers were terminated with immediate effect. Giggs belongs ...
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Short stops
Exercising an option, the J&F group has raised its stake...
Exercising an option, the J&F group has raised its stake in Alpargatas from 67% to 85.7%
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News briefs
Amazon France opened last month a 13,000 square-meter extension of...
Amazon France opened last month a 13,000 square-meter extension of its existing center in Orléans, a 70,000 square-meter site that first opened in 2007, in a move to shorten delivery times.
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Zalando will buy back 20,000 shares worth around €700,000 until...
Zalando will buy back 20,000 shares worth around €700,000 until Dec. 16
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News briefs
Shares in Skechers USA jumped by more than 15 percent...
Shares in Skechers USA jumped by more than 15 percent on Dec. 1 after the company announced that its founder and chief executive, Robert Greenberg, snapped up $11 million worth of stock in a move that analysts interpreted as a bullish stance on 2017 prospects. Greenberg, who acquired 500,000 shares ...
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News briefs
Genesco has agreed to sell its SureGrip Footwear subsidiary to...
Genesco has agreed to sell its SureGrip Footwear subsidiary to Shoes For Crews (SFC), a leading American provider of slip-resistant footwear. The terms of the transaction were not disclosed. Using a proprietary technology, SureGrip produces and markets a broad line of occupational, slip-resistant shoes for the hospitality, grocery, foodservice, healthcare ...
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Short stops
Alteri Investors, the company that recently bought the Jones Bootmaker...
Alteri Investors, the company that recently bought the Jones Bootmaker and Brentano chains in the U.K., is said to be among the companies potentially invested in the Aurora Fashion Group, which owns important fashion chains such as Oasis, Warehouse and Coast
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News briefs
OluKai has announced a strategic investment in Melin, a lifestyle...
OluKai has announced a strategic investment in Melin, a lifestyle headwear brand based in Southern California. The move is part of OluKai's plan to establish itself as an incubator for quality-driven consumer product brands. Melin, which was founded by longtime friends Brian McDonell and Corey Roth in 2013, derives its ...
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News briefs
The Australian government has reportedly backed the construction of a...
The Australian government has reportedly backed the construction of a shoe factory in Lahore, Pakistan, that will exclusively employ women. The initiative, supported by Australia's Market Development Facility, aims to promote the participation of women in the workforce as well as support the Pakistan's burgeoning footwear sector. Currently only 25 ...
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News briefs
Mr Hare has ceased trading. The luxury men's footwear brand...
Mr Hare has ceased trading. The luxury men's footwear brand has closed both its London stores at 8 Stafford Street in Mayfair and 22 Powis Terrace in Notting Hill as well as the firm's website. A cryptic message on the business' website reads “Mr Hare has gone sailing,” followed by ...
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News briefs
Zalando has started construction of a new distribution center in...
Zalando has started construction of a new distribution center in a Polish town near the German border, Gryfino, that is set to start operations in the autumn of 2017, with an investment of €150 million. This not far from another Polish town, Kolbaskowo, where Amazon is setting up its third ...
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News briefs
Yoox Net-A-Porter (YNAP) is launching in the Middle East. The...
Yoox Net-A-Porter (YNAP) is launching in the Middle East. The e-tailer has signed a joint venture agreement with Mohamed Alabbar to create an online luxury retail business in the region. YNAP will hold a 60 percent stake in the joint venture while Symphony Investments, which is controlled by Alabbar, will ...
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News briefs
Ets René Leriche, the French maker of Erel slippers that...
Ets René Leriche, the French maker of Erel slippers that became insolvent in July, has been sold to a new company, Erel Chaussures de France, formed through an alliance of four shareholders. The new owners, who took over the company in September, have retained the twenty employees. It will maintain ...
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News briefs
Shoepassion is merging with one of its suppliers of men's...
Shoepassion is merging with one of its suppliers of men's shoes, Heinrich Dinkelacker. Shoepassion will own 100 percent of the shares in Dinkelacker, but the latter's former owners – Norbert Lehmann, Wendelin Wiedeking and Anton Hunger – are becoming shareholders of Shoepassion. Wiedeking and Hunger, who previously worked for Porsche, ...
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News briefs
Velasca, a Milan-based shoe maker and online retailer, has raised...
Velasca, a Milan-based shoe maker and online retailer, has raised a total of €720,000 in funding led by P101, a private equity firm also headquartered in Milan. As part of the deal, P101 provided a €370,000 equity ticket to the transaction, while a private investor and the company's co-founders provided ...
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News briefs
Wolverine Worldwide said it has created 250 new jobs at...
Wolverine Worldwide said it has created 250 new jobs at its manufacturing facility in Michigan so far this year as it broke ground on a planned 16,000-square-foot extension. It should be completed in early 2017, allowing the company to add a new warehouse for incoming raw materials. Built in 1964 ...
