All Corporate articles – Page 49
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News briefs
Jacobson Group has obtained funding of £14 million (€19.3m-$21.6m) from...
Jacobson Group has obtained funding of £14 million (€19.3m-$21.6m) from Shawbrook Business Credit to help boost its international expansion, focusing mainly on Europe, the Middle East and the Far East. The group's brands include Gola, Frank Wright, Ravel, Lotus and Dolcis.
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Short stops
Vivarte's labor unions have accepted a social plan affecting more...
Vivarte's labor unions have accepted a social plan affecting more than 1,500 employees at its La Halle chain
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Short stops
Diesel Props, the shoes and accessories line of the Diesel...
Diesel Props, the shoes and accessories line of the Diesel group, has changed its corporate name to Props
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News briefs
The board of Skechers USA has decided to implement a...
The board of Skechers USA has decided to implement a three-for-one stock split on Oct. 15, subject to shareholders' approval at its annual meeting on Sept. 24. The price of its shares nearly tripled in the past 12 months. At its stock market close of $142.73 yesterday, it gave the ...
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News briefs
Chaussures Noël of France has sold its Sledgers brand of...
Chaussures Noël of France has sold its Sledgers brand of men's shoes to a shoemaker in the Philippines, Primer, and is reportedly negotiating the disposal of its military boot business and its remaining French factory at Argueyrolles. As previously reported, Noël has already transferred its Umbro license to Groupe Royer. ...
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News briefs
Padders, the British brand of comfort shoes, has restarted U.K....
Padders, the British brand of comfort shoes, has restarted U.K. production on a Desma direct injection machine that had been left dormant prior to a change of ownership and management 18 months ago, starting with a line of waterproof walking shoes. It has yet to reach its capacity of 3,000 ...
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News briefs
Kat Maconie, the British shoe designer, says she has received...
Kat Maconie, the British shoe designer, says she has received a “significant investment” from her Chinese licensing partner, Phoenicia International Trading. She declines to specify the conditions but says she continues to hold a majority share in her company. A British venture capital fund had already invested in her firm ...
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News briefs
William Wong, the Chinese entrepreneur who started the Italian Fashion...
William Wong, the Chinese entrepreneur who started the Italian Fashion Galleria project in Chengdu in 2009, has decided to close all its six multi-brand shoe shops in the city after mounting losses. He is blaming high real estate costs, softer consumption trends and lack of support from Italian brands. Wong ...
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News briefs
Lir, the investment vehicle of Mario Moretti Polegato, is considering...
Lir, the investment vehicle of Mario Moretti Polegato, is considering new acquisitions. With a capital basis of around €370 million, Lir is the parent company of Geox and Diadora, which are both performing better than before. The idea is to acquire fashion-oriented companies that focus on innovation and have potential ...
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News briefs
Kering might soon be selling Sergio Rossi to Investindustrial, the...
Kering might soon be selling Sergio Rossi to Investindustrial, the Italian holding company led by Andrea Bonomi. According to Bloomberg, the Italian businessman is in advanced talks with the French group to buy the luxury shoemaker. The acquisition of Sergio Rossi might help Investindustrial create a luxury section within the ...
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News briefs
A fire broke out on July 22 in the factory...
A fire broke out on July 22 in the factory of Erich Rohde in the German town of Schwalmstadt, which handles product development, but only the building was damaged. No one was injured. Estimating the damages at around €20,000, Harald Neisser, the recently appointed chief executive of Rohde, assured us ...
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News briefs
Skechers has signed a new credit agreement with various banks,...
Skechers has signed a new credit agreement with various banks, replacing the one it had negotiated in 2009. It covers revolving loans of up to $250 million, or even $350 million, with relatively marginal interest rates. It allows Skechers to pay dividends to its shareholders and to buy back shares ...
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News briefs
Richter, the Austrian brand of children's shoes, has also participated...
Richter, the Austrian brand of children's shoes, has also participated in the reshoring trend. It has brought back to Europe 60 percent of its annual volume of 850,000 pairs. The balance is still made in India and Vietnam.
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News briefs
Caleres, the American company previously called Brown Shoe Co., has...
Caleres, the American company previously called Brown Shoe Co., has announced a private placement of $200 million worth of senior notes due in 2023. As of July 27, it received tenders for $160.7 million. The net proceeds of the offering and cash on hand would allow Caleres to purchase back ...
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News briefs
Skechers USA has been upgraded by Standard & Poors Dow...
Skechers USA has been upgraded by Standard & Poors Dow Jones to its MidCap 400 Index. Meanwhile, financial analysts have been speculating that Nike and Adidas have been considering a takeover of the fast-growing American lifestyle and sports footwear brand. Apparently, there has been no expression of interest, though.
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News briefs
Vecchia Toscana, based in Fucecchio, near Florence, has announced its...
Vecchia Toscana, based in Fucecchio, near Florence, has announced its takeover of Ilcea, a Turin-based tannery specializing in the tanning of classic calf leathers for men's luxury footwear. Ilcea had been placed into liquidation with effect from July 24, 2013. Vecchia Toscana signed a management contract to run Ilcea as ...
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News briefs
Huajian has announced it will increase its workforce in Ethiopia...
Huajian has announced it will increase its workforce in Ethiopia by ten times in the coming years. According to reports in The Financial Times, the Dongguan-based footwear maker, which currently employs 4,000 people in the African country, will raise it to a total of 40,000 in the coming years. In ...
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News briefs
In only a few years, annual deliveries of Desigual's colorful...
In only a few years, annual deliveries of Desigual's colorful footwear line have reached about half a million pairs. Starting with the spring/summer 2016 footwear collection, which is bigger and more mainstream than before, the Spanish fashion company is transferring 80 percent of the shoe production from China to Spain ...
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News briefs
Yet another Dutch shoe retail chain, Ardenberg, has run into...
Yet another Dutch shoe retail chain, Ardenberg, has run into financial difficulties, forcing it to file for insolvency. The company runs 49 stores in the Netherlands. Strong competition from online retailers is said to have been one of the reasons for its problems.
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News briefs
With a view to increasing its production capacity, Berluti has...
With a view to increasing its production capacity, Berluti has moved its former plant, located in Ferrara, in Italy's Emilia Romagna, to an 8,000-square-meter facility at Gaibanella, a village in the outskirts of of the town. The new plant, which reportedly represents an investment of more than €10 million, employs ...
