All Corporate articles – Page 46
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Giuseppe Zanotti has formed a joint venture in China with...
Giuseppe Zanotti has formed a joint venture in China with Life Luxury Group, its long-term Hong Kong-based franchisee, to open stores in Greater China. The new company, of which the Italian brand holds a 51 percent stake, is called Giuseppe Zanotti Design Holding Hong Kong. Zanotti entered the Chinese market ...
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Prada and Tod's have decided to present their financial results...
Prada and Tod's have decided to present their financial results on a semi-annual basis rather than on quarterly basis. Prada explained that under Hong Kong market rules, listed companies only need to present half-year results, which it has chosen to do because of the volatility of its business.
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Local authorities in Tuscany are reportedly seeking a buyer for...
Local authorities in Tuscany are reportedly seeking a buyer for the Balducci brand of children's shoes. The once-famous Italian producer stopped operations last month, after trying to refinance itself, leading to the loss of jobs for about 40 workers. The company's factory in Tunisia will also be shut down.
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Bonvita, the Danish-based distributor of many brands of Wolverine Worldwide,...
Bonvita, the Danish-based distributor of many brands of Wolverine Worldwide, has completed its merger with Nordic Footwear Company, another Danish firm that took over the former trading division of Sanita Footwear in 2012. The new company that has come out of the merger, called Bonvita Footwear Company, will sell about ...
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Schuhaus Raab, a German chain of 15 stores, filed for...
Schuhaus Raab, a German chain of 15 stores, filed for insolvency proceedings on Feb. 10, citing completion from factory outlets and internet retailers. Another German shoe retailer, Schlathorst, has gone into voluntary insolvency proceedings. The receiver in the case is Christoph Niering, an attorney in Essen.
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Iconix Brand Group has obtained a loan of $300 million...
Iconix Brand Group has obtained a loan of $300 million from the Fortress Investment Group. While it will cost $9 million in annual interest expenses, the five-year loan sent the stock market capitalization by 17 percent for the financially distressed parent company of Umbro and many other brands. The news ...
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Hudson Bay Co. has decided to invest about one billion...
Hudson Bay Co. has decided to invest about one billion euros in the next five to seven years to renovate the German chain of Galeria Kaufhof department stores that it acquired in 2015, building it up as a premium destination for accessible luxury. One of the focuses of the investment ...
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The Bata chain in France is going once more through...
The Bata chain in France is going once more through bankruptcy proceedings. A court in Nanterre set March 9 as the deadline to receive bids for the acquisition of its remaining 72 stores. The chain was already downsized in connection with the previous insolvency of Bata France in November 2014, ...
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Philippe Model, the French brand of high-end sneakers and various...
Philippe Model, the French brand of high-end sneakers and various accessories, is likely to be sold by an English fund, WFM, to 21 Investimenti, the private equity firm run by Alessandro Benetton, according to Pambianconews. The price of the transaction should be higher than €90 million, nine times last year's ...
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Joya, the comfort shoe brand from Switzerland, moved 10 percent...
Joya, the comfort shoe brand from Switzerland, moved 10 percent of its production to Turkey. Joya works together with a local partner in Turkey for the production of small shoe collections, more fashionable designs as well as limited editions. The plan is to increase the production in Turkey to 20-30 ...
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The Danish Bestseller Group has agreed in principle to acquire...
The Danish Bestseller Group has agreed in principle to acquire a majority stake in Bianco Footwear, a Dutch-based group that has built up a network of more than 140 corporate and franchised stores in Scandinavia, the German-speaking countries, Poland and the Middle East. The stores sell only Bianco's private label ...
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Marc Shoes has made adjustments to the product development and...
Marc Shoes has made adjustments to the product development and sourcing process to regain the confidence of some retailers that had stopped working with the German brand because of quality and delivery problems. Its shoes were previously made for the most part in India and some other Asian countries. Now ...
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Shoes.com, the growing North American online shoe retailing group set...
Shoes.com, the growing North American online shoe retailing group set up by Roger Hardy in 2014, after his sale of a Canadian-based online store for eyeglasses and contact lenses to Essilor, wants to raise between $25 million and $50 million in private funding to help finance some new acquisitions, according ...
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Hub, the Dutch footwear brand, moved the production of its...
Hub, the Dutch footwear brand, moved the production of its shoe collection from China to Vietnam six months ago. A production partner in Vietnam now takes care of Hub's full shoe collection. The company was previously working with various production partners in China. Only shoes with leather outsoles, a small ...
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News briefs
Iconix Brand Group, the owner of Umbro, Candie's and several...
Iconix Brand Group, the owner of Umbro, Candie's and several other brands, has adopted a short-term shareholder rights plan after a sharp decline in its share price in recent months. Sports Direct International (SDI), the British retailer, acquired indirect economic interests amounting to 14.4 percent in Iconix in the last ...
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Bruce Katz, a co-founder of Rockport, has opened a new...
Bruce Katz, a co-founder of Rockport, has opened a new office in Costa Mesa, California for his new line of comfortable and functional men's shoes, called Samuel Hubbard, which are made in Portugal. The line, which was launched in 2014, takes its name from the Hubbard Shoe Company, a children's ...
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Genesco is selling its Lids Team Sports business to BSN...
Genesco is selling its Lids Team Sports business to BSN Sports in a further effort to improve the profitability of its Lids Sports Group of stores. The proceeds will be mainly used to finance a new program to buy back up to $100 million of its common stock. It has ...
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Bullboxer will move its shoe production to Italy and Portugal,...
Bullboxer will move its shoe production to Italy and Portugal, starting with full spring/summer 2017 collection. The autumn/winter 2016/17 collection was already partly made in the two countries. Previously, Bullboxer was working together with production partners in Romania and China. The Dutch brand will also launch a B2B online platform ...
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Richter raised the production capacity of its own factory in...
Richter raised the production capacity of its own factory in Partizánske, Slovenia, from a daily production of 1,150 pairs to 1,600 pairs per day in the last 4-6 months. In 2015, Richter sold a total of 850,000 pairs of shoes, 600,000 were made in the company's own factory in Slovenia. ...
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News briefs
The new owners of Brantano U.K. are considering a reduction...
The new owners of Brantano U.K. are considering a reduction in the number of jobs at the chain, according to The Sunday Times. The process may entail the closure of some of its 140 stores and 60 concessions in the U.K. As we have previously reported, Macintosh Retail Group sold ...
