All Corporate articles – Page 63
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Short stops
Ricosta has launched a new B2B online platform to facilitate...
Ricosta has launched a new B2B online platform to facilitate consultation, orders and payments and other transactions with its clients
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News briefs
Longchamp is focusing on footwear. For spring 2013, the French...
Longchamp is focusing on footwear. For spring 2013, the French leather and luxury goods brand has introduced its most extensive range of shoes to date, with a focus on wedge and flat sandal styles. The collection will be further expanded for autumn 2013 to about 100 SKUs, up from 50 ...
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News briefs
Prada is close to finalizing negotiations for the acquisition of...
Prada is close to finalizing negotiations for the acquisition of an 80 percent interest in Pasticceria Confetteria Cova, the historic Milanese coffee and pastry shop located in via Montenapoleone, on the corner of via Sant'Andrea and next to the women's boutique of the Italian brand. Inaugurated in 1817 by Antonio Cova, a soldier ...
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Fratelli Rossetti and Istituto Marangoni, the Milan-based fashion training institution,...
Fratelli Rossetti and Istituto Marangoni, the Milan-based fashion training institution, will co-host a workshop in Milan on March 11 for the students in its master's degree course in fashion accessories and luxury goods. Students will then be given two months to create a product that is innovative and in line ...
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News briefs
As reported in the last issue of Shoe Intelligence, Lenzi...
As reported in the last issue of Shoe Intelligence, Lenzi Egisto has gone into liquidation, with its business split into two partners – wovens and nonwovens. The textile division, which is an important supplier of innovative and technical fabrics for the footwear industry, is being turned into a new company, ...
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News briefs
Zalando is set to reduce its staff in the U.K....
Zalando is set to reduce its staff in the U.K. According to just-style.com, the German online clothing and footwear retailer is cutting back on staff at its purchasing office in London, leaving a small team of four or five people there, while the other 13 employees have been offered the ...
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News briefs
Payless ShoeSource has obtained a term loan of $175 million....
Payless ShoeSource has obtained a term loan of $175 million. The American shoe retail chain will use the proceeds to pay a special dividend to its new shareholders, Golden Gate Capital and Blum Capital Partners. Last September, the two investment companies arranged a seven-year $305 million financing package to fund ...
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From March 2013, Mirapodo, the German online shoe retailer launched...
From March 2013, Mirapodo, the German online shoe retailer launched by Otto Group a few years ago, will be a subsidiary owned at 100 percent by myToys, an online retailer of toys that is also owned by Otto and that has diversified its offerings into children's clothing and other children's ...
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News briefs
A&G Realty Partners will handle the liquidation of the remaining...
A&G Realty Partners will handle the liquidation of the remaining 56 stores of Bakers Footwear Group, the American shoe retail chain that went bankrupt last October. A New York-based shoe producer with a showroom in London, Zigi Shoes, has reportedly emerged as a candidate for the locations. Founded in 1929 ...
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News briefs
Authentic Brands has acquired Taryn Rose and two other American...
Authentic Brands has acquired Taryn Rose and two other American brands, Judith Leiber and Adrienne Vittadini, from the Schottenstein Luxury Group, which will keep a minority stake in the business. The new owners plan to expand their sales internationally. Bought by Schottenstein in 2010, the Taryn Rose brand of fashion ...
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News briefs
Sixty Group has reached an agreement with all labor unions in...
Sixty Group has reached an agreement with all labor unions in Italy, after the long and intense negotiations that followed the group's request last September to reach a settlement with its creditors and plans for a drastic reduction of the company's activities in Europe. Under the agreement, a new company is due ...
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News briefs
Sarenza, the international online retailer of shoes based in France,...
Sarenza, the international online retailer of shoes based in France, is not for sale. Stéphane Treppoz, who controls 80 percent of the company together with the other members of its management, denied a report in Fashion Daily News that they had mandated a bank to find new owners for their ...
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News briefs
Shyang Ju Fung, a footwear manufacturer based in Taiwan, is...
Shyang Ju Fung, a footwear manufacturer based in Taiwan, is ending production at its plant in Sukadamai, in the Tangerang region of Indonesia. Its 2,500 employees there have been laid off. It has been reported that Shyan Ju Fung closed the plant because of a series of industrial disputes there.
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News briefs
Walter Burani and his son Giovanni have been sentenced to...
Walter Burani and his son Giovanni have been sentenced to six years in jail by a court in Milan for the fraudulent bankruptcy of the Mariella Burani Fashion Group (MBFG); its parent company, Burani Designer Holding; and its subsidiary Design & Licenses. Walter Burani was the chairman of the former ...
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News briefs
Iris Shoes is responding to the harsh competition from Chinese...
Iris Shoes is responding to the harsh competition from Chinese firms in the Riviera del Brenta shoe district by investing over €15 million in a new 12,000 square meters facility at Fossò, near Venice. With annual revenues of more than €50 million and plans to reach €90 million for 2015, ...
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News briefs
Nike Inc. has completed the sale of Cole Haan to...
Nike Inc. has completed the sale of Cole Haan to Apax Partners for $570 million. As planned, Jack Boys, who has run Converse for ten years, has been appointed chief executive of Cole Haan. He previously served as vice president of global marketing for The North Face. The American shoe ...
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News briefs
Native Shoe, the Vancouver company known for its colorful EVA...
Native Shoe, the Vancouver company known for its colorful EVA footwear, has signed a nonbinding letter of intent to sell a controlling interest to an investment group. Though specific terms of the deal have not been disclosed, Scott Hawthorn, the acting chief executive and majority investor, will sell his majority ...
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News briefs
Lenzi Egisto, a major supplier of innovative textiles to the...
Lenzi Egisto, a major supplier of innovative textiles to the shoe industry, is going into liquidation. Its family shareholders, who refused to inject money into the company after the death of Egisto Lenzi in July 2009, have been asked to approve a proposal tomorrow to split the assets and sell ...
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News briefs
Farida, the Indian footwear group, has set up a tannery...
Farida, the Indian footwear group, has set up a tannery near Addis Ababa in Ethiopia through its subsidiary in Singapore. The company sources all of its own materials through its subsidiaries. Farida focuses on exports, with 47 percent of its sales going to the EU. North America and Asia-Pacific each ...
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News briefs
E-Land has signed an agreement to acquire K-Swiss, the American...
E-Land has signed an agreement to acquire K-Swiss, the American athletic footwear company that owns Palladium, for about $170 million, representing a premium of 49 percent on the closing price of the the company's shares on the stock exchange. Company officials indicated that the deal could help maximize the potential ...
