All Corporate articles – Page 61
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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, ...
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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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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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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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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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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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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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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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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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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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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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Paco Gil, the Spanish shoe brand from Alicante, has filed...
Paco Gil, the Spanish shoe brand from Alicante, has filed for bankruptcy protection from creditors. The 31-year-old family-owned company, which has about 20 employees and designs and subcontracts the production of its shoes in Spain, is looking for ways to reorganize its business. Company officials are blaming the economic and ...
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Gimmi Baldinini, founder of the shoe company that bears his...
Gimmi Baldinini, founder of the shoe company that bears his name, is said to be interested in acquiring a majority stake in the Rimini airport on the Adriatic coast because it has helped his company and others in the Marche region to build up a strong business in Russia. Baldinini's ...
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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 ...
