All Corporate articles – Page 43
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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 ...
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The ANWR Group has acquired a minority stake in a...
The ANWR Group has acquired a minority stake in a Dutch online shoe retailer, Topshoe.nl, which was founded in 2011 by Han Landmann. Currently, more than 40 shoe retailers with 80 stores and over 400 shoe labels are affiliated members of Topshoe.nl, which offers a platform to market the retailers' ...
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Jones Bootmaker and Brantano UK, both owned by Alteri Investors,...
Jones Bootmaker and Brantano UK, both owned by Alteri Investors, have outsourced their warehousing and store deliveries to the DHL facility in Hams Hall, near Birmingham. Their warehouse in Coalville, Leicestershire was closed at the end of July. The two footwear firms have also moved their joint head office from ...
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Camuto Group has announced the purchase of a majority stake in...
Camuto Group has announced the purchase of a majority stake in Sole Society. The transaction, whose terms were not disclosed, marks Camuto's first digital acquisition. Nordstrom, the former majority owner of the women's shoes, bags and accessories brand, will remain a minority owner, and Nordstrom will continue to carry Sole Society ...
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Wolverine Worldwide's board of directors has authorized a new stock...
Wolverine Worldwide's board of directors has authorized a new stock repurchase program for up to $300 million, replacing the balance of a program it had approved in 2014. The company will also issue 10-year bonds with a face value of $250 million that will help redeem a series of outstanding ...
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Filling jobs in Vietnam is likely to become more difficult...
Filling jobs in Vietnam is likely to become more difficult for employers in several key industries, including footwear, according to the International Labor Organization. A recent I.L.O. report projects that the number of positions available to Vietnamese workers is likely to increase by 14.5 percent between now and 2025, giving ...
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K- Swiss Global Brands is planning to relocate its global...
K- Swiss Global Brands is planning to relocate its global headquarters from Westlake Village, California to the Pac Mutual Building in downtown Los Angeles by Jan. 1, 2017. The new facility will house global operations for K-Swiss and the sister brands Supra, Palladium and Otz Shoes, as well as operations ...
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Indonesian footwear producers are building up capacity in Central Java...
Indonesian footwear producers are building up capacity in Central Java to cut production costs and compete with their industry rivals in Vietnam, according to footwearbiz.com. The website quotes Selalu Cinta Indonesia, a subsidiary of the Karet Murni Kencana Group, as saying that it is building a production unit in the ...
