All Corporate articles – Page 60
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Belle International has agreed to acquire Longhao Tiandi, a Chinese...
Belle International has agreed to acquire Longhao Tiandi, a Chinese footwear company positioned in the high-end casual and luxury footwear market, that owns SKAP, Dragonsea and other brands of shoes and designer handbags. Belle will pay the equivalent of $17 million in the transaction, which is due to close in ...
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An unnamed investor is in advanced talks for a possible...
An unnamed investor is in advanced talks for a possible sale of Dr. Martens, according to an unconfirmed report in The Wall Street Journal. The British owner of the brand, R. Griggs, had mandated Rothschild Trust Holding more than a year ago to sound out potential buyers. Some investment funds ...
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Fratelli Rossetti has mandated a financial advisor, Carretti & Associati,...
Fratelli Rossetti has mandated a financial advisor, Carretti & Associati, to find a strategic or institutional investor who may be willing to put more equity into the Italian footwear company. The main goal is to enable the company to make major investments in the Chinese market and other parts of ...
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RG Barry may go private, too. The American producer of...
RG Barry may go private, too. The American producer of footwear and other accessories has received a takeover offer from a private investment firm, Mill Road Capital Management, which already owns 8.6 percent of its shares. It is proposing to pay out the remaining shareholders at a price of $20.00 a ...
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Two private investment companies, KKR & Co and Sycamore Partners,...
Two private investment companies, KKR & Co and Sycamore Partners, are considering a bid for Jones Group, according to The Wall Street Journal. Other strategic and institutional investors have reportedly shown interest in parts of the company, which could then see its footwear retail and wholesale operations split off. ...
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Lorbac, an Italian brand of women's shoes manufactured at Castelfranco...
Lorbac, an Italian brand of women's shoes manufactured at Castelfranco di Sotto near Pisa, is planning to shut down its local factory, resulting in temporary layoffs for some 80 employees. The workers have been demonstrating in front of the factory and the house of the Bachini family, which started the ...
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While relinquishing the role of chief executive of Manas, the...
While relinquishing the role of chief executive of Manas, the Italian family-owned shoe company in which he still holds shares (see the related article in this issue), Cleto Sagripanti is launching a new company together with other Italian investors to take over small Italian firms specializing in fashion and accessories. ...
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One Distribution, the producer of Supra footwear, has opened a...
One Distribution, the producer of Supra footwear, has opened a new sourcing and development facility in Dongguan, China. The new 3,000-square-foot office facility has a staff of 17 and is headed by Udi Shiloah, Supra's vice president of footwear, who has moved to China to supervise operations. ODR will oversee ...
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The Merchant House International Group is moving a footwear production...
The Merchant House International Group is moving a footwear production line from China to the U.S., in response to strong U.S. retail demand for its men's leather boots and shoes. The sourcing group will open its first U.S. footwear manufacturing facility in Jefferson County, Tennessee, replacing a footwear line from ...
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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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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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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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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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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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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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Collonil, the German supplier of shoe polish, has invested in...
Collonil, the German supplier of shoe polish, has invested in a new logistics center in Mühlenbeck, near Berlin, from where it plans to take care of about 2,000 orders per day, to be delivered to about 100 markets worldwide. With the opening of the new distribution center, 30 to 60 ...
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There is increasing evidence that Wolverine Worldwide will shut down...
There is increasing evidence that Wolverine Worldwide will shut down the European office of Collective Brands in the Netherlands, which currently employs about 100 people. Noting that the integration process in the Europe, Middle East and Africa (EMEA) region is going well, company officials recently told us that they have ...
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The owners of Neiman Marcus, a group of private equity...
The owners of Neiman Marcus, a group of private equity investors led by TPG and Warburg Pincus, have agreed to sell the luxury retail chain to Ares Management LLC and Canada Pension Plan Investment Board (CPPIB), in a deal worth $6 billion. TPG and Warburg Pincus paid about $5.1 billion ...
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Heelys is undergoing a makeover under the ownership of Sequential...
Heelys is undergoing a makeover under the ownership of Sequential Brand Group, which acquired the brand of wheeled footwear at the beginning of this year. A TV commercial due to be broadcast in October in the Americas as well as in Europe and Asia will mark the launch of a ...
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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, ...
