All Corporate articles – Page 59
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Robert Polet, the former chief executive of the Gucci Group,...
Robert Polet, the former chief executive of the Gucci Group, is investing an unspecified amount in Scarosso, a fast-growing German online shoe shop founded three years ago by two young managers, Moritz Offeney and Marco Reiter. It specializes in the sale of high-quality men's and women's shoes from the Marche ...
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Skomagazinet has changed ownership. As of Jan. 1, Agneta Trägårdh...
Skomagazinet has changed ownership. As of Jan. 1, Agneta Trägårdh will take over as owner and chief editor, replacing Mariette Baecklund, founder of the Swedish footwear industry magazine, who ran it for the past 16 years. The 53-year-old has a lengthy background in journalism and in the footwear sector. Five ...
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Sympatex Holding has completed the sale of bonds worth €13...
Sympatex Holding has completed the sale of bonds worth €13 million, with a coupon of 8 percent and maturing in five years' time. They are trading on the Open Market of the Deutsche Börse. The management says that 30 percent of the proceeds will be invested in product development and ...
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Giuseppe Zanotti has agreed to sell a 30 percent stake...
Giuseppe Zanotti has agreed to sell a 30 percent stake in Giuseppe Zanotti Design to L Capital, the investment fund sponsored by LVMH and Groupe Arnault, according to a press report that could not be verified by the time of going to press. Zanotti has his eponymous shoe collection and ...
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Lohemann's, an American chain of 39 low-priced shoe stores, has...
Lohemann's, an American chain of 39 low-priced shoe stores, has filed for Chapter 11 bankruptcy protection for the third time since 1999, reportedly because it was late in moving into e-commerce at the end of 2011. Liquidation sales are due to begin in January. Meanwhile, three strategic financial buyers are ...
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Ploucquet, an affiliate of Sympatex Holding in Germany, will move...
Ploucquet, an affiliate of Sympatex Holding in Germany, will move all activities to its production site in Zittau. In addition to the existing “Tection” division, which covers technical textiles and applications, all the activities of the “Textiles” business area, which also includes fashion textiles, will also be operated in Zittau, ...
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After searching for a buyer for many months, the Danish...
After searching for a buyer for many months, the Danish fashion company Rützou has officially declared bankruptcy
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The agreement between Yoox, the Italian Internet retailer, and Bally...
The agreement between Yoox, the Italian Internet retailer, and Bally is going to be terminated in 2014, according to reports in Milano Finanza. The two companies have not yet released any official statement on the matter. Yoox recently launched the first online shop for Brioni, the upmarket Italian maker of ...
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Olip Italia has changed the name of its Airstep brand...
Olip Italia has changed the name of its Airstep brand to A.S.98. The new label stands for Airstep and the year 1998, when it was launched. Olip makes shoes under this brand and another one, Mjus, at its own factory in Bosnia, which employs about 1,200 people.
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Standard & Poor's has raised its rating for LVMH to...
Standard & Poor's has raised its rating for LVMH to A+ from a simple A
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Vibram has revised its operations around two separate business units:...
Vibram has revised its operations around two separate business units: finished goods and components. Both are serviced by the same marketing and administrative group. The finished goods division includes Vibram's FiveFingers range of toe-separation footwear. Along with the announcement of the new business model, the company said that next year ...
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Barratts, the bankrupt British shoe retail chain that previously belonged...
Barratts, the bankrupt British shoe retail chain that previously belonged to Stylo, has shut down 19 of its remaining 75 stores, affecting about 200 of its 1,035 employees. The court-appointed administrators of the chain, Duff & Phelps, have reportedly dismissed Michael Ziff, the company's chairman and chief executive, along with ...
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Discussions are still being held with potential investors in Görtz...
Discussions are still being held with potential investors in Görtz and they may lead to a decision to sell the big German shoe retailing company in the first quarter of 2014, but there is apparently no pressure to make the move. Gôrtz has become profitable again at the operating level ...
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Adidas has decided to stop marketing SLVR, its premium fashion...
Adidas has decided to stop marketing SLVR, its premium fashion brand of clothing and footwear, after the current autumn/winter collection. It had been showing the line, introduced at the beginning of 2009, at Micam and other fairs. Starting in spring 2014, Adidas will come up with a new approach for ...
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Two candidates have been invited to present their offers for...
Two candidates have been invited to present their offers for the acquisition of Jallatte, the French work boot manufacturer owned by the JAL group
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Clariant, the Swiss maker of specialty chemicals, is in exclusive...
Clariant, the Swiss maker of specialty chemicals, is in exclusive talks to sell its leather services business to Stahl. The deal could close in 2014. Clariant announced its intention to sell the business in Nov. 2012. Under the terms of the proposal, Clariant would receive a 23 percent stake in ...
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Reckitt-Benckiser, which took over SSL International, parent company of Scholl,...
Reckitt-Benckiser, which took over SSL International, parent company of Scholl, in July 2010, has informed all the European shoe retailers that have been selling Scholl footwear that they will not be able to order them anymore, starting with the spring/summer 2014 season. According a top official of Scholl in Milan, ...
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Netrada Europe, a German company that has supplied e-commerce services...
Netrada Europe, a German company that has supplied e-commerce services to more than 80 brands, has filed for insolvency, due apparently to a cash squeeze caused by its rapid development. Sources indicate that it has the backing of the banks and that it plans to continue to operate normally, going ...
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Pittards, a major supplier of leather to the sporting goods...
Pittards, a major supplier of leather to the sporting goods sector, says it refused a cash offer for the acquisition of its shares
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Prada is getting ready to invest €10 million in Ancona,...
Prada is getting ready to invest €10 million in Ancona, in the Italian region of the Marche. The luxury firm has chosen the industrial area of Baraccola, where other brands like Bally already have their offices, to set up its creative hub for fashion collections as well as its logistics ...
