All Corporate articles – Page 68
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News briefs
At ANWR's general meeting in Dresden, the members decided to...
At ANWR's general meeting in Dresden, the members decided to change the retail cooperative's name from Ariston-Nord-West-Ring eG to ANWR Group eG. The change will be effective when the respective amendments to the articles of association in the German Register of Cooperatives are registered. The change of the cooperative's name ...
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News briefs
Pacific Brands, the Australian apparel and footwear company, is getting...
Pacific Brands, the Australian apparel and footwear company, is getting on more solid financial footing. It has trimmed its debt by 25 million Australian dollars (€20.6m-$25.7m) thanks to a better cash flow and the sale of two surplus properties. Paying back that amount reduces the limit of Tranche 2 of ...
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News briefs
The executive board of Garant Schuh + Mode decided together...
The executive board of Garant Schuh + Mode decided together with the executive board of ANWR Garant International, AGI, on a draft of a merger agreement that would join the two companies. The merger agreement entails the exemption of Garant's remaining shareholders. The draft of the deal includes the requirement ...
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News briefs
PPR is changing the brand name Yves Saint Laurent to...
PPR is changing the brand name Yves Saint Laurent to Saint Laurent Paris, but the brand will continue to use the traditional YSL logo. The name change coincides with the relaunch of the brand for the spring/summer 2013 season under its new creative director, Hedi Slimane. Footwear has been one ...
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News briefs
A report is circulating that MBT has found a buyer,...
A report is circulating that MBT has found a buyer, but this could not be confirmed at the time of going to press. Meanwhile, following on the bankruptcy of the company in May, its Scandinavian sales organization has followed suit, while its Chinese sourcing office in Dongguan has closed down.
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News briefs
The leather industry in Guanghe County, in China's Gansu Province,...
The leather industry in Guanghe County, in China's Gansu Province, is growing fast. Gansu Hongliang Leather, a tanner there, is going to expand its production capacity by 50 percent to 3 million hides per years. Another tanner, Jihua 3512 Leather Factory, is investing $250 million in a new tannery in ...
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News briefs
Pentland Group has made a sizeable investment, for an undisclosed...
Pentland Group has made a sizeable investment, for an undisclosed amount, in a brand of folding women's ballet pumps, Butterfly Twists. The English brand is sold in 14 countries including the U.S. and France. In its leading market, Japan, it is sold in about 2,000 boutiques. The brand is set ...
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News briefs
PPR will move to new headquarters in the premises of...
PPR will move to new headquarters in the premises of the former Laennec hospital, in the elegant seventh district of Paris, as reported by Allianz Real Estate, which has rented all of the offices of the “Laennec operation” to the French multinational group. The renovation of the historic landmark, to ...
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News briefs
A majority stake in Ariat International, the maker of apparel...
A majority stake in Ariat International, the maker of apparel and footwear for equestrian sports, has been purchased by its management team and the Fisher family, the founders of the Gap. The buyers paid an undisclosed sum to the private equity firms LNK Partners and Brentwood Associates, the former owners ...
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News briefs
The Jones Group, which partnered with the designer Brian Atwood...
The Jones Group, which partnered with the designer Brian Atwood in 2010, is buying a majority stake in his company for an undisclosed amount. The deal benefits both parties: Jones Group will expand its presence in the luxury footwear market, and Atwood will have more resources to expand his label. ...
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News briefs
VGM Group, the company behind the French Chausséa chain of...
VGM Group, the company behind the French Chausséa chain of low-cost shoe stores, is investing €16 million to extend and modernize its distribution center to 52,000 square meters from 22,000 m². The investment is intended to support a planned doubling of the quantity of shoes sold at its stores to ...
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News briefs
Tacco Footcare moved its headquarters to Bielefeld, Germany, on June...
Tacco Footcare moved its headquarters to Bielefeld, Germany, on June 1. The old office building in Oerlinghausen cannot be retained due to financial restructuring. The new headquarters in Bielefeld accommodates the company's executive board as well as the sales and purchasing department and the marketing and communication department.
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News briefs
Naot has decided that Theresia Muck, the German shoe brand...
Naot has decided that Theresia Muck, the German shoe brand that it bought in 2007, should stop its production at its German factory at Bruchweiler-Bärenbach for competitive reasons, and outsource it instead to other European countries. The measure will entail the dismissal of 26 employees. Naot, which is the largest ...
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News briefs
Caprice is celebrating the opening of its technological park in...
Caprice is celebrating the opening of its technological park in Lahore, Pakistan, where the company invested €1 million in the construction of a development and quality assurance center. With the new technological park, this subsidiary of the Wortmann Group aims to assure and control its local supply chain on its ...
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News briefs
Collonil, the German supplier of shoe polish, is investing in...
Collonil, the German supplier of shoe polish, is investing in a new production site for soles and a modern distribution center in Mühlenbeck, near Berlin. Collonil had its first big production site in Mühlenbeck before the Second World War. With the new production site and distribution center, 80 new jobs ...
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News briefs
VF Corporation reportedly plans to reduce footwear sourcing in the...
VF Corporation reportedly plans to reduce footwear sourcing in the southern part of China to 11 million pairs by 2016, down from 40 million pairs in 2010. It plans to source more shoes from northern China, Vietnam, Bangladesh and elsewhere.
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News briefs
Various Italian groups, as well as India's National Institute of...
Various Italian groups, as well as India's National Institute of Design and its Footwear Design and Development Institute, are going to help the the Indian Council for Leather Exports set up a leathergoods design studio. Representatives from the three Indian groups are going to visit Italy this month to discuss ...
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News briefs
PPR and Yoox have signed a letter of internet to...
PPR and Yoox have signed a letter of internet to create a joint venture that would take care of the internet sales of some of the French group's luxury goods brands, such as Yves Saint Laurent or Sergio Rossi. The Gucci brand would be excluded. Yoox, which has a global ...
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News briefs
There seem to be at least two or three serious...
There seem to be at least two or three serious potential bidders the MBT brand and other related assets. Meanwhile, MBT's sales subsidiaries in the U.K., Germany and the Netherlands have followed the parent company into bankruptcy proceedings. Some of the MBT stores in the U.K. are reportedly being shut ...
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News briefs
Theresia Muck is moving its production abroad as its production...
Theresia Muck is moving its production abroad as its production site in Bruchweiler in Germany will be closed for economic reasons. About 26 employees are affected by this decision. The Naot group from Israel, to which Theresia Muck has belonged since November 2007, still plans to employ about 75 people ...
