All Corporate articles – Page 60
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News briefs
Steve Madden's board of directors has declared a three-for-two stock...
Steve Madden's board of directors has declared a three-for-two stock split. This will entitle all shareholders registered as of Sept. 20 to get one extra share in the company for every two shares held on that date. The number of outstanding shares will thus increase to about 68.8 million from ...
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News briefs
Obuv Rossii (Shoes of Russia) has consolidated its assets and...
Obuv Rossii (Shoes of Russia) has consolidated its assets and established a joint stock company, in view of the planned growth of its business. Obuv Rossii, which manages the retail footwear chains Westfalika and Peshekhod as well as the fashion brand Emilia Estra, is said to be among the top ...
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Anders Holch Povlsen, owner of the Danish Bestseller Group, has...
Anders Holch Povlsen, owner of the Danish Bestseller Group, has bought a 10 percent share in Zalando, the German-based e-commerce portal. He has purchased the shares of several early-stage shareholders like the European Founders Found (EFF), Holtzbrinck and Tengelmann. The Bestseller Group, which owns brands like Jack & Jones, Vero ...
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News briefs
Church & Co has announced plans to expand its production...
Church & Co has announced plans to expand its production capacity in Northampton, where it has been based for 140 years, in order to meet growing demand from overseas. The British traditional footwear maker, which is owned by the Italian luxury group Prada, has signed a deal with local authorities ...
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News briefs
Sergio Rossi is reportedly for sale. According to the Italian...
Sergio Rossi is reportedly for sale. According to the Italian daily Il Sole 24 Ore, Kering, the French luxury conglomerate formerly known as PPR, has given a mandate to Mediobanca to sell the famous shoe brand. Sergio Rossi, whose models have been worn by international stars such as Gwyneth Paltrow ...
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News briefs
Birkenstock is reportedly planning to double its production by 2020....
Birkenstock is reportedly planning to double its production by 2020. In order to reach this ambitious objective, Birkenstock plans to move its subsidiary Alsa, manufacturer of soles for running shoes and insoles, to the German town of Görlitz, where the subsidiary has had a branch office since 2009. Birkenstock acquired ...
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Short stops
Italy's Fratelli Rossetti is said to be looking for an...
Italy's Fratelli Rossetti is said to be looking for an external investor to help develop its foreign expansion faster
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News briefs
Wolverine Worldwide has declared a two-for-one stock split, with effect...
Wolverine Worldwide has declared a two-for-one stock split, with effect from Nov. 1. The directors of Wolverine also declared a quarterly cash dividend of 6 cents per share.
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News briefs
Masai International reports that Switzerland's highest court has fully rejected...
Masai International reports that Switzerland's highest court has fully rejected any further challenges to its purchase of MBT. Two lower courts had already ruled in favor of the company's new owner, the Singapore-based Andy Chaw, and against plaintiffs such as the founder of the brand, Karl Müller senior. Chaw has ...
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News briefs
Footwear manufacturers in the Chinese city of Wenzhou have seen...
Footwear manufacturers in the Chinese city of Wenzhou have seen a general decline in profit, according to reports in The China Daily. Zheng Shili, general manager of Wenzhou Golden Emperor Shoes in the Zhejiang province, told the newspaper that overseas orders have continued to diminish as a consequence of lower ...
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News briefs
Native Shoes, the Vancouver-based brand known for its lightweight EVA...
Native Shoes, the Vancouver-based brand known for its lightweight EVA footwear, has been acquired by Scott Hawthorn, one of its original founders, along with a small group of private investors. Hawthorn, who was already the acting chief executive, has moved to the position of full-time chief executive as a result ...
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News briefs
Jones Group has reportedly asked Citiground to explore a possible...
Jones Group has reportedly asked Citiground to explore a possible sale of the company, which controls Nine West and Stuart Weitzman, among various other properties in the shoe segment. According to Reuters, the company may also disinvest some of its brands.
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News briefs
GMS, the German buying group, which has already expanded to...
GMS, the German buying group, which has already expanded to the Netherlands, Belgium and Austria, recently entered the Italian market. On July 18, centralized settlements were assumed for the first Italian retailer, based in the town of Meran near the Austrian border.
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News briefs
The shareholders of Allen Edmonds Shoe Corporation have hired an...
The shareholders of Allen Edmonds Shoe Corporation have hired an adviser, Robert W. Baird & Co., to look for new investors. According to Reuters, they would like to sell the company for between $150 million and $200 million. A private equity firm, Goldner Hawn Johnson & Morrison, had acquired a ...
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News briefs
Implus has announced the acquisition of the shoe care, insole,...
Implus has announced the acquisition of the shoe care, insole, and shoe lace assets of the Pennsylvania-based Penguin Brands, one of Implus' major competitors in the shoe care category. Implus' family of brands also includes Sof Sole, Yaktrax, Apara, Airplus, Sneaker Balls, Sof Comfort, Little Hotties, Perfect Fitness and ICETrekkers. For ...
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Short stops
Texas Pacific Group and Warburg Pincus, which acquired Neiman...
Texas Pacific Group and Warburg Pincus, which acquired Neiman Marcus eight years ago, are planning to put the department store on the stock exchange to raise up to $100 million
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News briefs
According to the international news site Leatherbiz, a Chinese firm...
According to the international news site Leatherbiz, a Chinese firm is building a footwear factory in the Dadi district of Nigeria and is looking to recruit 5,000 locals to man it. A number of Chinese footwear groups are moving production to Africa to take advantage of proximity to raw materials, ...
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News briefs
PPR, the French-based parent company of Puma and Volcom, is...
PPR, the French-based parent company of Puma and Volcom, is now listed on the Euronext stock exchange as KER. The company's annual shareholders meeting on June 18 is set to change the company's name to Kering.
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News briefs
A small Italian brand of women's shoes, Paolo Simonini, suffered...
A small Italian brand of women's shoes, Paolo Simonini, suffered the destruction of its factory near Viareggio in Tuscany by a fire during the night of June 4. Nobody was injured. A report in leatherbiz.com says that a fire destroyed also the leather chemicals factory of Veco at Monticello Conte ...
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News briefs
Berluti celebrated earlier this week the start of construction work...
Berluti celebrated earlier this week the start of construction work on a new factory of 20,000 square meters in the Italian city of Ferrara to make its high-end shoes. It will employ 290 persons compared with 150 at the present factory. It should become operational in mid-2014 and it may ...
