All Corporate articles – Page 43
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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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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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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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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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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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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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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 ...
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The headquarters of Clarks' American subsidiary, which employs 400 people,...
The headquarters of Clarks' American subsidiary, which employs 400 people, has moved into Polaroid's historic four-story building in Waltham, Massachusetts
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Tod's chief executive, Diego Della Valle, has announced that the...
Tod's chief executive, Diego Della Valle, has announced that the company will fund the building of a manufacturing center in Arquata del Tronto, one of the Italian villages hit by the earthquake in August. Arquata is located in the Marche region, where Tod's has its headquarters. The announcement was made ...
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Boa Technology, the company known for its unique closure system,...
Boa Technology, the company known for its unique closure system, has broken ground in the Denver area for the construction of a new 140,000-square-foot office building. Targeting LEED Silver certification, it will have one of the largest private green roofs in the city. The building will house the Boa Fit ...
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Datateam Business Media, which publishes Footwear Today in the U.K.,...
Datateam Business Media, which publishes Footwear Today in the U.K., has sold SGB Outdoor and its other sports trade magazines to Silverback Publishing
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LVMH plans to use some of its large cash reserves...
LVMH plans to use some of its large cash reserves for a share buy-back program worth €300 million that will run from Nov. 17 to Dec. 30
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Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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LVMH has announced the acquisition of an 80 percent stake...
LVMH has announced the acquisition of an 80 percent stake in Rimowa, a German supplier of high-quality luggage and leathergoods founded back in 1898, for €640 million. It's a lot of money for a company whose sales were reportedly at €350 million in 2015, but with a projection that they ...
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Alma, the company born two years ago from the merger...
Alma, the company born two years ago from the merger between Manas and Alfiere, has bought the 30 percent stake held by Cleto Sagripanti, his father Nazzareno and his sister Laura in the family holding company, which owns Manas, Lea Foscati and Khriò. The acquisition price has not been disclosed, ...
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Pakerson, the Italian manufacturer of high-end men's shoes, has struck...
Pakerson, the Italian manufacturer of high-end men's shoes, has struck a deal with its employees, cutting the workforce at its factory near Florence by half to 33 people, in line with its production. It is trying to reduce its dependence on Russia and neighboring countries by looking at new markets, ...
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Wolverine Worldwide announced on Aug. 16 that it was going...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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Hermès has acquired an unspecified minority stake in Pierre Hardy,...
Hermès has acquired an unspecified minority stake in Pierre Hardy, a French brand of luxury shoes named by a designer who had been responsible for Hermès shoes in the 1990s and for those of Balenciaga in 2001 and 2002. Hardy created his own label in 1999, making an annual turnover ...
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Sator Capital, a Rome-based private equity house, has acquired a...
Sator Capital, a Rome-based private equity house, has acquired a further 35 percent stake in L'Autre Chose from the Boccaccini family, the founders of the Italian retailer, raising its stake in the business to a total of 84 percent. The Boccaccinis will retain the remaining 16 percent. L'Autre Chose sells ...
