All Corporate articles – Page 50
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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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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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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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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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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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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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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 ...
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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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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. ...
