All Corporate articles – Page 61
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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 ...
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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. ...
