All Corporate articles – Page 54
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Samson, the French producer of medium-priced women's shoes, has been...
Samson, the French producer of medium-priced women's shoes, has been placed under judicial administration for a period of six months. The company cites a big drop in orders from Russia, which had become its biggest foreign market.
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Huntsman Polyurethanes will expand the capacity of its thermoplastic polyurethane...
Huntsman Polyurethanes will expand the capacity of its thermoplastic polyurethane (TPU) factory in Osnabrück, Germany from 70,000 to around 75,000 tons per year in the first half of 2015. The company said it was responding to increased demand from the footwear industry and other sectors.
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Short stops
Carlyle, the private equity fund that recently cashed out of...
Carlyle, the private equity fund that recently cashed out of Moncler with a big capital gain, is said to have made a bid for Bruno Magli
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Charles Clinkard will move to a new warehouse and office...
Charles Clinkard will move to a new warehouse and office in Middlesbrough, in north-east England, next September to keep up with its growing online business. The family-run footwear retailer will move from the current 30,000-square-foot warehouse to a 55,000-square-foot unit, which is located just five miles away. Online sales will ...
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Wolverine Worldwide is planning to increasingly shift manufacturing from China...
Wolverine Worldwide is planning to increasingly shift manufacturing from China to Vietnam. This is what representatives from Wolverine reportedly said during a recent conference led by the Vietnam Leather, Footwear and Handbag Association (Lefaso) and the Footwear Distributors and Retailers of America (FDRA) in Vietnam. While 75 percent of the ...
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Silverfleet, the private equity company that took over the Office...
Silverfleet, the private equity company that took over the Office retail chain four years ago, has reportedly mandated JP Morgan to review its options for cashing out through a sale of the company or its stock market flotation. Here again, the business has further possibilities for international expansion. However, probably ...
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The tribunal of Rimini continues to look for an investor...
The tribunal of Rimini continues to look for an investor who will take on Valleverde as a going concern, together with its 130-odd employees, but the Italian media are speculating that it may only find a buyer for its trademark and a few other assets. Since its bankruptcy in February, ...
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Viola Metzner and Hans-Josef Orth are the new owners of...
Viola Metzner and Hans-Josef Orth are the new owners of the German Rohde Group since the beginning of November. They are exclusive shareholders of the German shoe producer, taking over the shares held by Wheatfield Investments, Morgan Stanley and Constantin Bastian Leander Venture Capital. As reported previously in Shoe Intelligence, ...
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Boot Barn, a U.S. chain of 155 stores specializing in...
Boot Barn, a U.S. chain of 155 stores specializing in Western boots, has gone public, valuing the business at $385.2 million. Freeman Spogli, which had a share of 89 percent in the company, remains the controlling shareholder as only slightly more than 22 percent of the equity is now floating ...
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Brown Shoe Company said it has led a $9 million...
Brown Shoe Company said it has led a $9 million round of funding for Jack Erwin, a New York City-based brand that offers handmade classic men's shoes directly to consumers. Other participants in this round include CrossLink Capital, Shasta Ventures, and FundersGuild – all of which are return investors. In ...
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Prada has acquired Tannerie Mégisserie Hervy, a French tannery based...
Prada has acquired Tannerie Mégisserie Hervy, a French tannery based near Limoges. The financial details of the deal were not disclosed. The purchase is a joint venture with Conceria Superior, a Tuscan tannery and long-time industrial partner of the Italian luxury fashion house. Prada will be the controlling partner in ...
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Adidas is said to be receiving an offer to sell...
Adidas is said to be receiving an offer to sell Reebok International for $2.2 billion, a lot less than the $3.8 billion that it spent to acquire the business eight years ago. As previously reported, Adidas is also considering selling the Rockport brand, and according to Footwear News, and Drydock ...
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Tata has announced plans to triple the size of its...
Tata has announced plans to triple the size of its footwear factory in Dewas, Madhya Pradesh, India. The facility is supposed to expand to produce 2.5 million pairs of shoes per year, as compared to the current 700,000 pairs. The Indian group also said that the expansion has the potential ...
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Bayer Consumer Care has become the new owner of Dr....
Bayer Consumer Care has become the new owner of Dr. Scholl and other brands after closing the acquisition of Merck Consumer Care for $14.2 billion. As previously reported, a German investment fund, Aurelius, earlier this year bought the licensed Scholl business for Europe and other parts of the world from ...
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A big fire reportedly damaged Zhejiang Global's factory in the...
A big fire reportedly damaged Zhejiang Global's factory in the industrial zone of Rui'an, which makes footwear components. There were apparently no injuries, but a large part of the machinery, raw materials, finished components and semi-manufactured shoes was destroyed.
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News briefs
Tod's may spin off its Hogan shoe brand on the...
Tod's may spin off its Hogan shoe brand on the stock market, according to reports about comments that were attributed to Diego Della Valle, Tod's chairman, at an investor day on Sept. 22. Revenues for the Hogan brand fell 5.8 percent at constant exchange rates in the first half of ...
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Steve Madden is buying its Mexican licensee, SM Mexico, for...
Steve Madden is buying its Mexican licensee, SM Mexico, for about $15 million to grow its presence in Mexico. The licensee is a division of Grupo Dicanco, which distributes licensed shoe brands in the country. Net sales for SM Mexico for the twelve months ended July 31 totaled around $15.4 ...
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Supported by Morgan Stanley, Oliver Kraxner is reportedly set to...
Supported by Morgan Stanley, Oliver Kraxner is reportedly set to take over the shares held in Erich Rohde by other shareholders by the end of this month. Morgan Stanley took over the German shoe company along with a German investment firm, Square Four, in March 2008. The latter has been ...
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News briefs
A group of 18 German and Swiss shoe retailers affiliated...
A group of 18 German and Swiss shoe retailers affiliated with ANWR has won the first round in its campaign to cancel the already completed takeover by the cooperative of a big German shoe and sporting goods retail chain, Schuh Mücke. It has received the support of 178 retail members, ...
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News briefs
The sale of RG Barry for $215 million has been...
The sale of RG Barry for $215 million has been completed. Mill Road Capital has acquired 50 percent of the shares. Blackstone Tactical Opportunities has bought a 48 percent stake. The balance will be held by a consortium of institutional investors. The new owners feel that the new ownership structure ...
