All Corporate articles – Page 55
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News briefs
Steve Madden has acquired Dolce Vita Holdings for $60.3 million...
Steve Madden has acquired Dolce Vita Holdings for $60.3 million in cash, plus an earn-out provision based on the future performance of the U.S. company, which had sales of around $111 million in the last financial year. Madden says it will use its proven business model and infrastructure to expand ...
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Wolverine Worldwide is again looking at new acquisition opportunities, but...
Wolverine Worldwide is again looking at new acquisition opportunities, but with 16 brands already in its portfolio, it is mainly targeting brands with an annual turnover of between $75 million and $100 million and the potential to reach the $500 million level. Company officials also told analysts at a recent ...
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Short stops
Gôrtz will adopt a new ERP system based on Microsoft's...
Gôrtz will adopt a new ERP system based on Microsoft's Dynamix AX platform by 2016 to implement its multi-channel retail program
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The Dutch-based Macintosh Retail Group has sealed an agreement to...
The Dutch-based Macintosh Retail Group has sealed an agreement to sell all its 24 Scapino stores in Belgium as part of its “Rebalancing for Future Growth” program, but it will keep the chain's stores in the Netherlands. The terms of the transaction, which is set to take effect on Nov. ...
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Original S.W.A.T, the American maker of tactical footwear, has purchased...
Original S.W.A.T, the American maker of tactical footwear, has purchased the majority of the assets of Tactical Holdings and Operations, the parent of Wellco and Altama. Terms were not disclosed. In July, Tactical Holdings filed a Chapter 11 Bankruptcy Petition in the U.S. Bankruptcy Court for the District of Delaware ...
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News briefs
Scarosso, the online shoe retailer based in Berlin specializing in...
Scarosso, the online shoe retailer based in Berlin specializing in custom-made shoes made in Italy, has received a €8.5 million capital injection from Neo Investment Partners, DN Capital and VC Fonds Kreativwirtschaft Berlin. A regional investment bank in Berlin and other investors, including DN, had put nearly €2 million into ...
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Short stops
Bata India is consolidating two wholly owned subsidiaries, Bata Properties...
Bata India is consolidating two wholly owned subsidiaries, Bata Properties and Coastal Commercial Exim, merging them into the parent company
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News briefs
The court in Bologna that is handling the insolvency of...
The court in Bologna that is handling the insolvency of Bruno Magli has given its owners additional time until the month of November to present a new business plan that will have to be endorsed by its creditors. Meanwhile, Bruno Magli's showroom in Milan has been closed and most of ...
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News briefs
Sycamore Partners, which bought the former Jones Group a few...
Sycamore Partners, which bought the former Jones Group a few months ago for $2.2 billion, is said to be actively planning to divest its controlling stake in Stuart Weitzman. The brand is generating estimated annual revenues of around $300 million. Reportedly its valuation could reach $800 million if the elderly ...
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News briefs
Caprice, one of the brands of the Wortmann group, plans...
Caprice, one of the brands of the Wortmann group, plans to invest €3 million for the development of its headquarters in Pirmasens, including the creation of a training center for sales personnel. As the purchasing department will be based in Pirmasens, Caprice is building a 800 sqm storage unit, that ...
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News briefs
The business of Fairchild Fashion Media, publisher of Women's Wear...
The business of Fairchild Fashion Media, publisher of Women's Wear Daily, Footwear News and other trade publications, is changing hands again. Conde Nast, the publisher of Vogue and Vanity Fair, is selling the business to Penske Media Corporation, publisher of Variety and other magazines and internet-based information services. Comerica is ...
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News briefs
Diego Della Valle and other members of his family have...
Diego Della Valle and other members of his family have taken advantage of the depressed share value of Tod's to raise their financial stake in the company. They bought 216,885 shares between Aug. 12 and 19, corresponding to 0.7 percent of the total equity, paying a total of around €17.3 ...
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Wolverine Worldwide has signed a lease for 150,000 square feet...
Wolverine Worldwide has signed a lease for 150,000 square feet of space in a new complex at Waltham, Massachusetts, near Boston, to house the management and administration of the Sperry Top-Sider, Saucony, Keds, and Stride Rite bought in 2012. They were previously located at Lexington, another town in the region.
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News briefs
RG Barry's shareholders are set to vote on Sept. 3...
RG Barry's shareholders are set to vote on Sept. 3 on the proposal made by Mill Road Capital to take over the company, known for its Dearfoams slippers and other products. Mill Road has proposed to pay $19 a share for RGB, or a total of about $212 million. Mill ...
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News briefs
BBC International, the big American footwear licensee based in Florida,...
BBC International, the big American footwear licensee based in Florida, has taken over Feiyue, a Chinese brand of colorful, vulcanized sneakers that was relaunched by French entrepreneurs in 2006. The terms of the transaction have not been divulged. BBC is upgrading the collection, using fashion-forward styles and premium materials, for ...
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News briefs
Payless ShoeSource, the big American shoe retail chain that was...
Payless ShoeSource, the big American shoe retail chain that was formerly owned by Collective Brands, has sold Airwalk to Authentic Brands Group (ABG), along with three other brands – Hind, Vision Street Wear and Above the Rim – that had not been taken over by Wolverine Worldwide from Collective at ...
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News briefs
Bain Capital and Apax Partners are preparing to make bids...
Bain Capital and Apax Partners are preparing to make bids for Toms Shoes in the final round of negotiations over the company's sale, according to The Financial Times of London. They are said to be offering to pay between $600 million and $700 million to the company's founder, Blake Myckoskie. ...
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Pou Chen, the world's largest shoe manufacturer and parent company...
Pou Chen, the world's largest shoe manufacturer and parent company of Yue Yuen, is said to be planning to set up its first factory in Myanmar, the former Birmania, with an investment of around US$100 million. Located near the country's capital, Yangon, it would have an annual capacity for nine ...
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SC Johnson plans to close Melvo's factory in Ludwigsburg, Germany,...
SC Johnson plans to close Melvo's factory in Ludwigsburg, Germany, in June 2015. The shutdown would affect 150 employees. Melvo's operations are set to be integrated into SC Johnson's wider range of shoe care products.
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News briefs
PLDT, the telephone company in the Philippines, is paying the...
PLDT, the telephone company in the Philippines, is paying the equivalent of €333 million to acquire a 10 percent stake in Rocket Internet, with the idea of jointly developing new technologies for mobile and online payments for the developing countries. Founded by the three Samwer brothers in 2007, Rocket Internet ...
