All Corporate articles – Page 52
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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. ...
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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 ...
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Pikolinos and Gioseppo are reported to have pledged to provide...
Pikolinos and Gioseppo are reported to have pledged to provide some financial support to salvage their local football club, Elche CF. The two Spanish footwear companies have apparently pledged €200,000 and €100,000, respectively, to help prevent the club's insolvency. Gioseppo is already a sponsor of the club. Elche ended the ...
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Clarks has signed a 15-year lease on a 120,000-square-foot property...
Clarks has signed a 15-year lease on a 120,000-square-foot property in Waltham, Massachusetts , previously occupied by Polaroid, that will house the new corporate headquarters of its American subsidiary. Construction work has already started. The staff is expected to move into the new, energy-efficient building in the autumn of 2016.
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Converse has inaugurated its new 10-floor headquarters on Boston's Lovejoy...
Converse has inaugurated its new 10-floor headquarters on Boston's Lovejoy Wharf, which also houses its sixth concept store in the U.S.
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Coach has closed the planned acquisition of Stuart Weitzman from...
Coach has closed the planned acquisition of Stuart Weitzman from Sycamore Partners, which had acquired the business from the former Jones Group. The leathergoods giant has made an initial cash payment of $530 million to Sycamore. It will be followed by the payment of up to $44 million, depending on ...
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Berkshire Partners, an investment firm based in Boston, has teamed...
Berkshire Partners, an investment firm based in Boston, has teamed up with the management at Implus Corporation to acquire a majority stake in the U.S. company, which owns a gaggle of accessory brands in the footwear and fitness markets. The stake was bought from Trilantic North America at an undisclosed ...
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Schuh, the British footwear retailer owned by Genesco, has decided...
Schuh, the British footwear retailer owned by Genesco, has decided to distribute a bonus of £25 million (€35.2m-$38.7m) among its 3,500-odd employees to reward its staff. When it took over the chain in 2011 for £125 million (€175.9m-$193.6m), the American parent company had agreed that it would establish a bonus ...
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Schoon, a well-known chain of 10 shoe shops in the...
Schoon, a well-known chain of 10 shoe shops in the U.K., has been taken over by a British entrepreneur previously involved in catering and recruitment, Mark Pinnock, with the support of an investment company, Tnui Asset Finance. The loss-making chain had been acquired in January 2014 by two British shoe ...
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More than 500 employees of Converse have moved to the...
More than 500 employees of Converse have moved to the company's new state-of-the-art head office in downtown Boston from its former suburban premises. It occupies more than 186,000 square feet in a renovated building on the waterfront.
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Kurt Geiger is apparently looking for a new investor. According...
Kurt Geiger is apparently looking for a new investor. According to Sky News, the new controlling shareholder of the British company, Sycamore Partners, has engaged Goldman Sachs to look at strategic alternatives, seeking a valuation of around £300 million (€410.9m-$446.1m). Sycamore bought Kurt Geiger early last year as part of ...
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Amazon has reportedly acquired Shoefitr, a company that has performed...
Amazon has reportedly acquired Shoefitr, a company that has performed 3D scans on hundreds of thousands of shoes by more than 1,000 brands to help customers to pick the right size for their feet. Based in Pittsburgh, the company was formed by a group of college athletes in 2010. Its ...
