All Corporate articles – Page 47
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Mephisto is expanding its distribution center and modernizing its logistic...
Mephisto is expanding its distribution center and modernizing its logistic systems, putting in place a new B2B operation and introducing more automated technologies to improve services for its clients. By the month of November, the size of its warehouse in the eastern part of France, which currently measures about 12,000 ...
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De Tommaso is about to be sold to an American...
De Tommaso is about to be sold to an American buyer whose identity is yet to be revealed. According to reports by Quotidiano della Calabria, an Italian newspaper, the negotiations for the sale of the brand are in the final stages. The financial details have not been disclosed either, but ...
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Schuh & Sport Mücke, the big German shoe and sporting...
Schuh & Sport Mücke, the big German shoe and sporting goods retail chain that was acquired by ANWR in May 2014, will not be converted to a public limited company, reports Schuhkurier. Affiliated members of the ANWR Group had until April 22 the chance to send non-binding declarations of intent ...
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Belle International has acquired a 29 percent stake in Fashion...
Belle International has acquired a 29 percent stake in Fashion Box, the Italian company behind the Replay brand of jeanswear and accessories. It has bought the stake from the Buziol family under an agreement that also gives Belle the distribution of Replay in Greater China. Meanwhile, Belle has issued a ...
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Yoox Net-a-Porter Group (YNAP) has sold a 4 percent stake...
Yoox Net-a-Porter Group (YNAP) has sold a 4 percent stake to Alabbar Enterprises, a Dubai-based investment vehicle, for €100 million. Richemont, the former parent of Net-a-Porter, will remain YNAP's largest shareholder. Yoox merged with Net-a-Porter in March 2015. Alabbar is owned by Mohamed Alabbar, the founder and chairman of Emaar ...
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Short stops
René Caovilla is reportedly considering a stock market listing after...
René Caovilla is reportedly considering a stock market listing after big sales increases that have enabled the Italian brand of dress shoes to reach a turnover of €40 million in 2015
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Short stops
W.L. Gore & Associates is moving its Spanish office to...
W.L. Gore & Associates is moving its Spanish office to Las Gloria, the technological district of Barcelona
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Short stops
The Dutch Ziengs Schoenen chain plans to shut down only...
The Dutch Ziengs Schoenen chain plans to shut down only 32 of the 197 Scapino stores that it has taken over from the bankrupt Macintosh Retail Group
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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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News briefs
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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News briefs
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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News briefs
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 ...
