All Corporate articles – Page 60
-
News briefs
Genesco has amended and restate its revolving credit facility for...
Genesco has amended and restate its revolving credit facility for an aggregate principal amount of $400 million, including a $70 million sublimit for the issuance of letters of credit and other clauses. A sub-facility for the U.K. limits the total amount to a maximum credit of $50 million, one-fifth of ...
-
News briefs
CTC has announced the acquisition of 100 percent of the...
CTC has announced the acquisition of 100 percent of the capital of STR France, of which it has been a shareholder alongside U.S.-based STR since 2001. CTC is a big French consultancy firm specializing in quality assurance, testing and training for the shoe and leathergoods businesses. STR France offers the ...
-
Short stops
Shoe Carnival has announced an extension of its $25 million...
Shoe Carnival has announced an extension of its $25 million share repurchase program to Dec. 31, 2014
-
News briefs
Adelchi has broken up with its former manufacturing partner in...
Adelchi has broken up with its former manufacturing partner in Bangladesh, Apex Adelchi, which has set up its own independent operation, and formed a partnership with another shoe manufacturer, Bengal Shoe Industries Ltd. (BSIL), that has a three-year-old, state-of-the-art factory employing 1,000 people at Rakhala. It is a subsidiary of ...
-
News briefs
Birkenstock plans to move its marketing, communication and administrative department...
Birkenstock plans to move its marketing, communication and administrative department to new offices in Neustadt in March to join the group's sales team, which moved there from its former headquarters in Vettelschoss at the beginning of this year. Birkenstock has rented three buildings in the business park of Neustadt, covering ...
-
Short stops
Clarks is beginning to manufacture some shoes again in the...
Clarks is beginning to manufacture some shoes again in the northern part of Portugal
-
News briefs
Dr. Martens has announced that, further to a statement made...
Dr. Martens has announced that, further to a statement made on Oct. 24, 2013, an investment vehicle backed by the Permira Funds has completed the acquisition of R. Griggs Group, the parent company and licensee-in-perpetuity of the Dr. Martens brand, for £300 million (€364.2m-$493.5m). In addition, the iconic British brand ...
-
News briefs
Arvato, a subsidiary of the Bertelsmann publishing group, is taking...
Arvato, a subsidiary of the Bertelsmann publishing group, is taking over Netrada, a German e-commerce platform that recently filed for bankruptcy. Netrada operates more than 80 online stores in the fashion sector including those of Görtz, Esprit, C&A, Lacoste and Puma. Most of the 2,200 employees of Netrada should keep ...
-
News briefs
Chinese authorities are reportedly conducting an investigation into the causes...
Chinese authorities are reportedly conducting an investigation into the causes of a fire that took the lives of at least 16 workers at the Dadong Shoe factory in the town of Wenling, in Zhejiang province, on Jan. 14. Firefighters rescued more than 20 employees, and five of them were taken ...
-
Short stops
The Samwer brothers, who participated in the launch of Zalando...
The Samwer brothers, who participated in the launch of Zalando and other shoe and fashion e-commerce platforms through Rocket Internet, are reportedly contemplating the start-up of an online bank and a virtual furniture store called Home24
-
News briefs
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 ...
-
News briefs
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 ...
-
News briefs
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 ...
-
News briefs
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 ...
-
News briefs
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 ...
-
News briefs
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, ...
-
Short stops
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
-
News briefs
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 ...
-
News briefs
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.
-
Short stops
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
