All Corporate articles – Page 50
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News briefs
Ara Shoes plans to eliminate nearly 100 of the 380...
Ara Shoes plans to eliminate nearly 100 of the 380 jobs at its head office in Langenfeld, citing declining demand in some markets and a generally challenging retail environment. The remaining serial manufacturing at the site will be phased out, and the production will be limited to the development of ...
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The Fashion Market, which took over the 24 Scapino stores...
The Fashion Market, which took over the 24 Scapino stores operated in Belgium by Macintosh Retail Group one year ago, has filed for insolvency. The trustees have already stopped all the store leases of the Belgian retail group, which wanted to create a big discount chain for shoes and apparel.
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A South African fashion retailer, Truworths, has confirmed that it...
A South African fashion retailer, Truworths, has confirmed that it is discussing the possible acquisition of Office, the 150-store shoe retail chain based in the U.K. It did not confirm media speculation about a possible purchase price of around £300 million (€400.6m-$456.6m), double the valuation reportedly given to Office ...
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Dune has reached an agreement with Royal Bank of Scotland...
Dune has reached an agreement with Royal Bank of Scotland that will result in a multi-million pound working capital package. The bank is providing a rolling credit facility that is supposed to give the British footwear and accessories retailer the flexibility to support the growth of its multichannel solutions, its ...
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Camargo Correa, the largest shareholder of Alpargatas with a stake...
Camargo Correa, the largest shareholder of Alpargatas with a stake of more than 44 percent, has indicated that it may sell some or all of its shares to another party, responding to interest expressed by potential investors in the parent company of Havaianas and other brands. Two international investment funds, ...
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News briefs
Bata India has announced that Way Finders Brands has become...
Bata India has announced that Way Finders Brands has become a wholly-owned subsidiary of the company. Way Finders Brands will trade in footwear, apparel and accessories in the wholesale and B2B segments. Bata India's urban wholesale division consists of around a dozen warehouses across the country. The division sells brands ...
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News briefs
Ferro Footwear has been assigned to handle pending orders for...
Ferro Footwear has been assigned to handle pending orders for Wansinger BV, formerly called Intermedium Shoes, because the company was unable to fulfill them. The Dutch company filed for bankruptcy on Sept. 22, closing its office and its website as it had no way to continue its business. SWDV, which ...
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News briefs
Genesco's board of directors has authorized the buyback of up...
Genesco's board of directors has authorized the buyback of up to $100 million worth of treasury shares in the American shoe retail company, replacing the balance of $75 million from a former repurchase program authorized in 2013.
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News briefs
Delcam Orthotic Insole Solutions has changed its name to Autodesk...
Delcam Orthotic Insole Solutions has changed its name to Autodesk Footwear. The ranges of products previously named Delcam Crispin and Delcam Custom Orthotic Insoles have been combined under the Autodesk Footwear brand. Autodesk Footwear will be fully focused on supporting designers and manufacturers of all types of footwear. The footwear team ...
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News briefs
Marc Shoes, which was taken over by Thomas Bauerfeind's Berkemann...
Marc Shoes, which was taken over by Thomas Bauerfeind's Berkemann Group five years ago, plans to shut down Marc's office at Hessisch-Oldendorf, which employs 27 people in administration and logistic. Out of them, 20 have received offers for relocation to another site.
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Global Fashion Group, the extra-European clone of Zalando controlled by...
Global Fashion Group, the extra-European clone of Zalando controlled by some of the same shareholders, is reportedly negotiating the sale of its Indian e-commerce website, Jabong
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News briefs
Lotto Sport Italia and Stonefly, which share some common ownership,...
Lotto Sport Italia and Stonefly, which share some common ownership, have been studying a possible integration of some of their operations, ranging from the supply chain to the retail network. It seems that the plan could come to fruition in terms of back-office operations during the first half of 2016. ...
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News briefs
Yoox and Net-a-Porter have completed their merger into the Yoox...
Yoox and Net-a-Porter have completed their merger into the Yoox Net-a-Porter Group, creating a new online luxury fashion group with an annual turnover of €1.3 billion. Synergies will be obtained in logistics and other operations, but the two sites will continue to be managed independently. Alison Loehnis, former president of ...
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Ochsner Sport, the Swiss-based subsidiary of Deichmann specializing in sports...
Ochsner Sport, the Swiss-based subsidiary of Deichmann specializing in sports retailing, will take over Sport Sperk, a German chain of 13 sporting goods stores (more in SGI Europe)
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News briefs
Wortmann has opened a special new head office in Detmold,...
Wortmann has opened a special new head office in Detmold, called “The Loft,” created out of an old warehouse with an investment of more than €5 million. It has a total area of 2,800 square meters, divided into three sections and including a 600-square-meter showroom. The space and the interior ...
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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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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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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. ...
