All Corporate articles – Page 66
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Geox has announced a €15.8 million investment in a new...
Geox has announced a €15.8 million investment in a new shoe factory in Serbia. The Serbian government is reportedly backing the project by giving the Italian company €9,000 for each of the 1,250 workers recruited for the project, or a total of €11.2 million. The factory should produce 1,250,000 pairs ...
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Zalando has obtained loans of €40.7 million from a pool...
Zalando has obtained loans of €40.7 million from a pool of banks to help finance its new 78,000-square-meter logistic center in Erfurt, Germany
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KPMG is auditing the accounts of Jimmy Choo to consolidate...
KPMG is auditing the accounts of Jimmy Choo to consolidate those of its various subsidiaries, following its expensive acquisition by Labelux. The newest one is the brand's subsidiary in China. Jimmy Choo is in fact taking control of its distribution in Mainland China with immediate effect. The London-based footwear brand ...
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Remonte Dorndorf, the German shoe brand acquired by Rieker ten...
Remonte Dorndorf, the German shoe brand acquired by Rieker ten years ago, has changed its name to Remonte and launched a new logo and a new product range with new designs for the spring/summer 2013 season. The collection is accompanied for the first by a line of handbags. Rieker says ...
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Bakers Footwear has filed for bankruptcy, after announcing store closures...
Bakers Footwear has filed for bankruptcy, after announcing store closures and cost-cutting measures due to declining sales last summer. The company listed assets of $41.9 million and debt of $59.5 million as of Apr.28 in the documents filed in U.S. Bankruptcy Court in St. Louis. According to court papers, the ...
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After meeting public authorities and the labor unions, Pietro Bongiovanni,...
After meeting public authorities and the labor unions, Pietro Bongiovanni, the recently appointed chief executive of Sixty Group, filed for preliminary bankruptcy proceedings because of a huge debt of more than €250 million and a big drop in revenues, which fell to €267 million last year, compared with a peak ...
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New Stella of China has announced that it will build...
New Stella of China has announced that it will build a new production facility in Yongzhou County, in the south-central inland province of Hunan. The Chinese footwear brand will invest $300 million in the factory, which will concentrate on women's fashion shoes. The new facility is expected to employ 500 ...
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A special shareholders' committee has approved Kenneth Cole's plan to...
A special shareholders' committee has approved Kenneth Cole's plan to take the company private for $15.25 a share, giving the firm a value around $250 million. Cole already owns 46 percent of the company's equity and controls 89 percent of its voting power but a majority of other shareholders needed ...
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The takeover process for the bankrupt MBT by one of...
The takeover process for the bankrupt MBT by one of its Asian distributors, Andy Chaw, has been stopped. The Swiss court in Winterthur, which is handling the case, has reportedly accepted a request by Karl Müller, founder of the company, to review his objections to the sale of the ...
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Planitoi, the Portuguese company that markets shoes under the Beppi...
Planitoi, the Portuguese company that markets shoes under the Beppi trade name, is reportedly negotiating a joint venture with a financially solid partner to establish a U.S. subsidiary before the end of this year. The new structure will enable the company to deliver merchandise from its own stock in the ...
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The Dutch shoe manufacturer Schoenfabriek Wed. J.P. van Bommel will...
The Dutch shoe manufacturer Schoenfabriek Wed. J.P. van Bommel will be reopening its factory at its head office in Moergestel on Nov. 27. The renovated factory was completely destroyed by a fire in 1951. After a complete reconstruction in the last eight months, its space of 6,000 square meters will ...
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The Leiser group of shoe shops has come out of...
The Leiser group of shoe shops has come out of bankruptcy proceedings, following a settlement with its creditors. As previously reported, the proceedings were largely predicted when the Joseph Seibel group took an initial stake in the German retailer, which has been subsequently raised to 100 percent.
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After several years of poor economic performance, one of Denmark's...
After several years of poor economic performance, one of Denmark's cheapest clothing and shoe retail chains is shutting its doors for good. Tøj & Sko will close all 37 clothing stores and lay off 340 employees, according to the newspaper Berlingske Business. Danske Supermarked, the group that owns Tøj & ...
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Inditex is exploring the possibility of bringing back part of...
Inditex is exploring the possibility of bringing back part of its Asian production to Spain and Morocco in order to reduce distribution costs. Reported by various press sources, the plan has never been officially referred to by the company. Rising production costs in Asia, and especially in China, would seem ...
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Finn Comfort, the German brand for comfort shoes, is expanding...
Finn Comfort, the German brand for comfort shoes, is expanding its production facility and warehouse in Hassfurth am Main in order to improve its production capacity. The new building will be finished at the end of March next year.
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Brown Shoe Company, which has owned Sam Edelman Shoe since...
Brown Shoe Company, which has owned Sam Edelman Shoe since 2010, has now bought Sam & Libby – the footwear brand that Sam and Libby Edelman founded in 1987. The brand will once again be among its original parent's offerings, along with Sam Edelman and Circus by Sam Edelman, after ...
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Deichmann is planning to set up a new central distribution...
Deichmann is planning to set up a new central distribution center near Mannheim to complement the four others that it operates in Germany and four warehouses located in other European countries where it operates. This goes with the continuously strong development of the retail group, which is still planning to ...
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Falp's facilities in Corridonia, in Italy's central region of Marche,...
Falp's facilities in Corridonia, in Italy's central region of Marche, suffered minor damage after a fire broke out that was apparently caused by a short circuit. Founded in 1920, Falp makes and sells high-end women's fashion shoes under the brand name Majora and prides itself on its craftsmanship and quality ...
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François-Henri Pinault, chairman and CEO of PPR, has told an...
François-Henri Pinault, chairman and CEO of PPR, has told an Italian newspaper that he wants to acquire other companies in Italy, after the recent takeover of Brioni
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Genesco is said to be one of the companies that...
Genesco is said to be one of the companies that are interested in taking over Cole Haan from Nike. Other potential bidders are Texas Pacific Group, the equity investment firm that previously controlled Bally, and another institutional investor, Apax Partners, which wants to sell its stake in France's Groupe Royer. ...
