All Corporate articles – Page 64
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After Sixty Group, another sportswear firm from the Marche region...
After Sixty Group, another sportswear firm from the Marche region is in financial difficulties. The Fornari Group, owner of the Fornarina brand, has presented a restructuring plan in order to obtain protection from its creditors. The company, whose footwear lines account for one-third of the turnover, says it has suffered ...
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From this year's spring/summer season, all of Liebeskind's shoes are...
From this year's spring/summer season, all of Liebeskind's shoes are manufactured in Europe, mainly in Italy and Portugal. Previously, they were partly made in Asia. The change to Europe was mainly decided to react help the company to react more quickly to market changes. For the coming autumn/winter season, Liebeskind ...
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Great American Group will handle the liquidation of the inventory...
Great American Group will handle the liquidation of the inventory of Bakers Footwear Group at the retailer's 56 remaining stores, located in various U.S. states, as well as online at Bakersshoes.com. On Jan. 15, a bankruptcy judge in St. Louis signed a Chapter 7 order allowing Bakers to conduct going-out-of-business ...
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Sequential Brands Group has announced that it has closed the...
Sequential Brands Group has announced that it has closed the merger of Heelys into a subsidiary of Sequential. The company had entered into an agreement, dated Dec. 7, 2012, to acquire Heelys through a merger and in cash, subject to a number of terms and conditions that have since been fulfilled. ...
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Karl Lagerfeld, Fendi's artistic director, announced that the Italian fashion...
Karl Lagerfeld, Fendi's artistic director, announced that the Italian fashion house will finance the renovation of the Trevi Fountain in Rome, one of the symbols of the city and of its cultural and artistic heritage. The 300-year-old monument was famously featured in a scene of one of Federico Fellini's iconic ...
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The ownership and management of Birkenstock Orthopedie, the holding company...
The ownership and management of Birkenstock Orthopedie, the holding company of the Birkenstock group, has changed. Stefan Birkenstock, one of the three Birkenstock brothers who have been running the company lately, has pulled out of the top management and sold some of his shares to his brothers Alex and Christian.They ...
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Members of the Merkur Group founded a new enlarged German...
Members of the Merkur Group founded a new enlarged German buying group for large shoe retailers, the Merkur Shoe Group (MSG), at the beginning of this year. All the members of MSG are shareholders of the new company. Members of MSG are Fink Schuhe+Sport, Leiser, Salamander, Schuhof, Sutor, Schuhpark Fascies, Fritz Frank Schuhe+Sport ...
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Since Jan. 1, Mexx has a new licensing partner for...
Since Jan. 1, Mexx has a new licensing partner for its footwear. A newly founded company, B.S.I Branded Shoes International, has taken on the license under the management of Andreas Neuhaus. In 2010, the footwear license was taken away from the former Dutch-based license partner, Mexx Shoes BV, which was ...
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Converse announced plans to move its global headquarters to a...
Converse announced plans to move its global headquarters to a new location in Boston in April 2015 from its current base in North Andover, a town a few miles away in the same state of Massachusetts. Measuring more than 186,000 square feet, the new office space will be developed as ...
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Braccialini has announced the terms of a restructuring plan, following...
Braccialini has announced the terms of a restructuring plan, following a meeting between the company's management and union representatives at the end of December. The Tuscan leathergoods group controls the Braccialini, Gherardini and Francesco Biasia brands, and holds the Vivienne Westwood license. The agreement calls for lower wages and shorter work hours ...
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Short stops
Payless ShoeSource, which recently changed hands, has announced that...
Payless ShoeSource, which recently changed hands, has announced that it is laying off 45 employees at its head office in Topeka and eliminating 97 other positions across its store network.
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Apax Partners is preparing a senior secured financing package for...
Apax Partners is preparing a senior secured financing package for its $570 million acquisition of Cole Haan from Nike. The transaction will reportedly involve a $270 million seven-year term loan and a $100 million asset-based revolving credit.
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The board of directors of Shoe Carnival has extended the...
The board of directors of Shoe Carnival has extended the expiration date of its $25.0 million share repurchase program to Dec. 31, 2013. The program is being funded by cash on hand, and shares can be purchased on the open market or through private deals. The total number and value ...
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Gladstone Capital Corporation has bought a loan from one of...
Gladstone Capital Corporation has bought a loan from one of the existing lenders of Allen Edmonds Shoe Corporation, thus investing $19.5 million in this American manufacturer of premium men's footwear and accessories. Allen Edmonds, a company in the portfolio of Goldner Hawn Johnson & Morrison, was predicting a 20 percent ...
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LVMH has started preparations to erect a new production center...
LVMH has started preparations to erect a new production center for Berluti footwear in Gaibanella, near the Italian city of Ferrara. The facility is expected to come on stream in the course of 2014. Specializing in the manufacture of high-end handmade shoes, the new factory will employ more than 200 ...
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CTC Groupe, a French consultancy that specializes in footwear and...
CTC Groupe, a French consultancy that specializes in footwear and leathergoods as well as gloves, is opening its fifth branch in China, in Xiamen. The group says that China is an important location because the country is responsible for almost 75 percent of the world's shoe production, and is growing. ...
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Galeries Lafayette, the French department store, is said to be...
Galeries Lafayette, the French department store, is said to be preparing a bid to buy out Printemps, its French rival retailer. Both fashion giants have multi-story flagship stores in Paris located next to each other. According to Challenges, a French business magazine, Galeries Lafayette would be ready to spend approximately €1.6 billion ...
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Salvatore Ferragamo has increased its financial stake in its joint...
Salvatore Ferragamo has increased its financial stake in its joint venture for Greater China from 50 to 75 percent, buying the shares from its longstanding partner for the region, Imaginex Holdings. The joint venture manages more than 100 Ferragamo stores in China, Hong Kong, Taiwan and Macao. The Italian company ...
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With a personal fortune evaluated at more than $2.5 billion,...
With a personal fortune evaluated at more than $2.5 billion, Hanni Toosbuy Kasprzak, who has chaired Ecco's supervisory board since 1996, is the wealthiest woman in Denmark according to a Danish newspaper, Berlingske. That's way ahead of the No. 2 in the ranking, Sofie Kirk Kristiansen, heiress to the Lego toy empire. ...
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After selling his shares in Salvatore Ferragamo, Massimo Ferragamo has...
After selling his shares in Salvatore Ferragamo, Massimo Ferragamo has now also halved his share in Ferragamo Finanziaria, the family holding company that controls 57.7 percent of the listed company, in which every one of the six Ferragamo brothers participates. Massimo Ferragamo, who sold the shares to his brothers, now ...
