All Corporate articles – Page 65
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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 ...
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Nike Inc. reported last month a definitive agreement to sell...
Nike Inc. reported last month a definitive agreement to sell its casual footwear brand, Cole Haan, to an investment fund, Apax Partners, for $570 million. It had already sold Umbro to Iconix a few weeks earlier (more on this in SGI Europe). The price corresponds to more than one year ...
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The Danish children's clothing company H. Utoft has purchased all...
The Danish children's clothing company H. Utoft has purchased all the shares of A Fant, a children's shoe manufacturer from Denmark. Last year, H. Utoft bought 60 percent of the shares in A Fant, and now it has bought the balance of the equity. H. Utoft is already behind four ...
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Crocs has entered into an amendment to its restated credit...
Crocs has entered into an amendment to its restated credit agreement, expanding the existing $70 million line of credit set to expire in December 2016 with a five-year, $100 million revolving line of credit with interest rates 0.5 percentage points lower than before. The loan is provided by PNC Bank NA. ...
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Esprit announced last week that it has granted options on...
Esprit announced last week that it has granted options on 8,450,000 of its shares to certain unnamed individuals under a 3-year-old share options scheme. The shares will become gradually vested and can be exercised six years from now. This came after the secondary offering of shares launched by Esprit on Oct. 22, which was ...
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Jos Sengers, a former senior executive of Bata Industrials, has...
Jos Sengers, a former senior executive of Bata Industrials, has created a new company for the development of new footwear concepts and sourcing in behalf of European and Australasian companies. Based in the Netherlands, he is working with a partner in Dongguan, China, who has been developing safety, sports and children's shoes ...
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Weyco Group, the U.S. parent company of Florsheim, Bogs, Nunn...
Weyco Group, the U.S. parent company of Florsheim, Bogs, Nunn Bush and other footwear brands, said that it will accelerate payment of its regular dividend of 17 cents for the second quarter on Dec. 31 to avoid a potential increase in capital gain taxes in the U.S. in 2013. Quarterly cash dividends would typically ...
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Jones Bootmaker is planning to shut its Eastbourne headquarters, in...
Jones Bootmaker is planning to shut its Eastbourne headquarters, in Sussex, and relocate all its front-end departments to London. As reported by Drapers, the U.K.-based footwear retailer is entering a period of consultation about the move, which would affect between 30 and 40 staff members. Recently, the company announced that ...
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Faguo, a small French brand of trendy casual shoes, has just...
Faguo, a small French brand of trendy casual shoes, has just raised €1.5 million from a French private investor. The funds will support the company's plans to expand its product offering and accelerate its commercial deployment both in France and internationally. The French brand, which expects its sales to grow by 70 percent ...
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The new business plan for Italy's Sixty Group was presented...
The new business plan for Italy's Sixty Group was presented at a meeting at the Ministry of Economic Development on Dec. 6. The plan envisages the creation of a new company with only 50 of the 400 employees at its head office in Chieti. That may rise to 120 by 2018 if revenues reach ...
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An Italian shoe company, Olando Chelini, has halted production of...
An Italian shoe company, Olando Chelini, has halted production of its high-end women's sandals due to a squeeze on credit facilities, which is similarly affecting a number of other shoe and apparel companies in Italy as banks are reacting to the economic crisis in the country. Local authorities are looking into ...
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Charles Vögele may be about to be sold to Inditex,...
Charles Vögele may be about to be sold to Inditex, according to a rumor that was neither confirmed nor denied, but boosted the shares of the Swiss retailer by 16 percent on the Swiss Stock Exchange. The company's chief executive, Franck Beeck, resigned at the end of September with immediate ...
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According to Reuters, Nike is in final negotiations on the...
According to Reuters, Nike is in final negotiations on the sale of Cole Haan to Apax Partners for about $500 million, beating out the bids made by other equity firms. Jack Boys, former chief executive of Converse, would run Cole Haan to trigger a new phase of growth. According to ...
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Rucoline has also finalized the acquisition in Ginza of a...
Rucoline has also finalized the acquisition in Ginza of a four-story building that will host the offices of its Japanese subsidiary, Ruco Line KK, along with a showroom and a flagship store on the road
