All Corporate articles – Page 50
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News briefs
A French manufacturer of safety and work boots, Etché Sécurité,...
A French manufacturer of safety and work boots, Etché Sécurité, was also affected by a fire, which damaged a rubber deposit on July 10, according to Hebdo Cuir. More than 50 firefighters activated themselves, preventing the fire from spreading to the shoe manufacturing factory itself.
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Duca del Cosma, the German brand of golf and golf-inspired...
Duca del Cosma, the German brand of golf and golf-inspired shoes and clothing, has filed for insolvency proceedings in a court at Landshut. Plans are to stabilize the financial situation and to look for professional investors with the help of Advantum Corporate Finance. The brand was launched in 2004 by ...
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Eleven people reportedly died when the building of a Chinese...
Eleven people reportedly died when the building of a Chinese shoe factory collapsed a few days ago. More than 30 of the 51 workers at the plant were injured. The factory is located at Wenling in Zejiang province.
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Groupe Royer, which has owned the Charles Jourdan and Stéphane...
Groupe Royer, which has owned the Charles Jourdan and Stéphane Kélian brands since 2008, stopped the remaining production of their shoes in a small workshop at Bourg-de-Péage two years ago. A small French brand of women's shoes, Ellips, has reportedly bought the workshop to place it at the disposal of ...
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Wolverine Worldwide has raised its senior secured credit facility by...
Wolverine Worldwide has raised its senior secured credit facility by $300 million to $950 million, comprising a term loan of $450 million and a $500 million revolving credit. The new credit agreement negotiated with company's lenders also extends the maturity date of the facility. It lowers the cost of servicing ...
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Josef Seibel has sold its remaining holdings in the Leiser...
Josef Seibel has sold its remaining holdings in the Leiser group of shoe stores to its general manager, Steffen Liebich, who has been running the previously insolvent company for the past three years, restructuring it with a focus on finance and personnel. Josef Seibel, which owns the eponymous brand and ...
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An Italian investment group, Palladio Finanziaria, has acquired a 40...
An Italian investment group, Palladio Finanziaria, has acquired a 40 percent stake in Finproject, the Italian company that makes the EVA soles for Crocs' shoes. Palladio, which bought the shares from Xenon Private Equity through a subsidiary called Vei Capital, will help Finproject to broaden the use of its special ...
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Yue Yuen has sold 727 million shares in Symphony Holdings...
Yue Yuen has sold 727 million shares in Symphony Holdings for $3.7 million, which will be reinvested in its core business
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The Danish Bestseller group is moving its 800-odd employees from...
The Danish Bestseller group is moving its 800-odd employees from various locations in Aarhus into a single headquarters near the harbor of the city. It comprises six buildings with a total surface of 21,500 square meters. Two of the buildings house a cafeteria, conference rooms, recreational areas and other shares ...
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Mikro-Pak has reassigned its marketing and customer service activities for...
Mikro-Pak has reassigned its marketing and customer service activities for the U.K. and Ireland to its main European office in the Netherlands, thus terminating its relationship with Steve Bracewell. Since May 1, all business and service needs for the region are handled directly from Micro-Pak's Hong Kong headquarters, with support ...
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Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
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Short stops
Gordon Brothers, an American investment group based in Boston, is...
Gordon Brothers, an American investment group based in Boston, is said to be interested in the possible takeover of the Brantano and Jones Bootmaker chains from Macintosh Retail Group, as well as its Dutch do-it-yourself chain, Kwantum
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Caleres, formerly Brown Shoe Company, has announced it will make...
Caleres, formerly Brown Shoe Company, has announced it will make a substantial investment to expand its distribution facility in Lebanon, Tennessee. The expansion is expected to be completed by the fourth quarter of 2016 and to create more than 40 new jobs. The Lebanon facility currently employs around 240 people. ...
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Zalando's listing on the Frankfurt Stock Exchange has been upgraded...
Zalando's listing on the Frankfurt Stock Exchange has been upgraded from the SDAX to the MDAX index of the 50 major German mid-cap companies. The market capitalization of the company has risen by 40 percent since it went public last October on the strength of its improved financial results.
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Guangzhou Canudilo, a Chinese company that is distributing the Dirk...
Guangzhou Canudilo, a Chinese company that is distributing the Dirk Bikkembergs brand through about 20 mono-brand stores in its home market, has acquired a 51 percent stake in Levitas, the company that owns the rights to the Belgian designer's brand, for about €4 million. The seller is Zeis Excelsa, the ...
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My Slippers will cease trading from the end of June,...
My Slippers will cease trading from the end of June, as its founder Fiona Dreesmann retires. Dreesmann created the etailer of bespoke slippers in 2010. The site will redirect to Broadland Slippers, the Norwich-based manufacturer that made My Slippers' products.
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Sport Nordic, the Danish company that owns the Sportmaster chain...
Sport Nordic, the Danish company that owns the Sportmaster chain of sporting goods stores, has taken over Rezet Sneaker, a n iconic store in Copenhagen that sells the sneakers of major sports brands. Rezet was originally founded in Ibiza by the founder of Unisport, Henrik Bousager Larsen, and it opened ...
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Hai Hung Footwear Export Company of Vietnam has reportedly lost...
Hai Hung Footwear Export Company of Vietnam has reportedly lost more than $100,000 from the destruction of machinery and thousands of pairs of shoes in a fire at its factory in the northern province of Hai Duong. The reports indicate that there were no casualties.
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A majority of Rocket Internet's shareholders has decided to raise...
A majority of Rocket Internet's shareholders has decided to raise up to two billion euros in new funding through convertible bonds and other means to help it to become the biggest internet platform outside the U.S. and China. The Berlin-based company, which helped Zalando to start up, already has about ...
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Diadora has reopened a production line at its factory in...
Diadora has reopened a production line at its factory in Caerano di San Marco, near Montebelluna, to make a “made in Italy” line of high-end sneakers in collaboration with leading sneaker stores. The goal is to reach an annual output of about 100,000 pairs. The plant has been closed for ...
