All Corporate articles – Page 71
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News briefs
Cesare Paciotti is studying the possibility of opening up its...
Cesare Paciotti is studying the possibility of opening up its capital to private equity funds to finance its international expansion. The group has annual revenues of around €150 million, of which 60 percent is achieved in Italy and 40 percent abroad. Paciotti aims to invert the percentage over the next ...
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News briefs
The German shoe manufacturer Peter Kaiser is closing down a...
The German shoe manufacturer Peter Kaiser is closing down a part of its production in Pirmasens, Germany. In order to maintain the company's competitiveness, Peter Kaiser sees the need to relocate parts of its production to its own factory in Portugal. In a first step, the company will be cutting ...
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News briefs
Following a similar strategy, Indian shoe companies are looking for...
Following a similar strategy, Indian shoe companies are looking for Western brands of leather, footwear or leathergoods to acquire, as well as tanneries. That's what Rafeeque Ahmed, chairman of India's Council for Leather Exports, said at a press conference during the recent India International Leather Fair in Chennai. He said ...
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News briefs
Lloyd Shoes is setting up a new and modern logistic...
Lloyd Shoes is setting up a new and modern logistic center at its headquarters in Sulingen. The automated warehouse will have a capacity for 50,000 cartons. The complex is being installed by an Austrian company, TGW Logistics.
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News briefs
Bakers Footwear Group has agreed to sell its 39-year-old Wild...
Bakers Footwear Group has agreed to sell its 39-year-old Wild Pair brand trademark to Steve Madden. Steve Madden will pay up to $4 million for the trademark while entering into a non-exclusive, royalty-free perpetual license, allowing Bakers to still sell the brand in eponymous stores and Wild Pair stores and ...
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News briefs
Administrators have not been able to find a buyer for...
Administrators have not been able to find a buyer for Barratts Priceless, the beleaguered footwear retailer, which means that about 1,610 employees will lose their jobs. The administrator, Deloitte, is asking around other retailers in the U.K. and Ireland to see if the redundant workers can find opportunities with them, ...
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News briefs
Pacific Brands is holding talks with KKR after this buyout...
Pacific Brands is holding talks with KKR after this buyout company made an unsolicited bid to buy the Australian company. Pacific Brands has the rights to the Everlast, Clarks and Bonds brands in Australia, and has been struggling of late, with sales down by 7.3 percent to US$1.65 billion in ...
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News briefs
ProNicaragua, that country's agency to promote investment, plans to expand...
ProNicaragua, that country's agency to promote investment, plans to expand Nicaragua's use of duty-free zones, and said that footwear is one of the industries it would like to concentrate on partly because of the potential for job creation. The agency's executive director, Javier Chamorro, plan to set up a forum ...
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News briefs
Alexandre Birman, a Brazilian footwear designer who produces most of...
Alexandre Birman, a Brazilian footwear designer who produces most of his collection in his home country, is reportedly beginning to manufacture some products in Italy. The move is said to help international vendors – specifically those in Europe, the Middle East and Asia – to control costs as well as ...
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News briefs
The Portuguese Move On brand appears set to disappear from...
The Portuguese Move On brand appears set to disappear from the market, starting with the fall/winter 2012 collection, to be replaced by the better-known Aerosoles brand. The details of the new setup could not be learned at the time of going to press, but it seems that the Indian Tata ...
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News briefs
Salvatore Ferragamo's chief executive, Michele Norsa, sees strong growth potential...
Salvatore Ferragamo's chief executive, Michele Norsa, sees strong growth potential this year in Australia. Other areas where the company may expand further are Canada and the U.S. West Coast. Nevertheless, Norsa expects Asia to continue being the group's growth engine this year. Despite a difficult business environment, the group ...
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News briefs
Hujuan, a Chinese footwear company, is in the final stages...
Hujuan, a Chinese footwear company, is in the final stages of building a factory in Dukem, Ethiopia. The facility, which should be operational early this year, should have a capacity of 3,000 pairs of shoes intended for export every day.
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News briefs
Diego Della Valle, one of the major shareholders in Tod's,...
Diego Della Valle, one of the major shareholders in Tod's, has decided to give up on an option to acquire an additional 8 million shares of Saks Fifth Avenue, the big American department store chain. It would seem to be logical because he would have had to pay a price ...
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News briefs
Ethiopian tanneries that are facing a shortage of raw materials...
Ethiopian tanneries that are facing a shortage of raw materials could get some relief through a new organization being set up by the Ethiopian Leather Industries Association. The new group will source and import crust, wet blue hides and pickled skins for finishing by Ethiopia's 25 active tanneries. The raw ...
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Short stops
Louis Vuitton will invest €6 million in a new factory...
Louis Vuitton will invest €6 million in a new factory in Portugal, at Ponte de Lima, that should start up at the end of 2012
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Short stops
Wayne Weaver, the 76-year-old chairman and main shareholder of Shoe...
Wayne Weaver, the 76-year-old chairman and main shareholder of Shoe Carnival, is said to be looking at the possible disposal of his shoe retail chain, after selling the Jacksonville Jaguars football team to a Pakistan-born businessman
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News briefs
Alipes AB, a Swedish investment company sponsored by Inter Ikea...
Alipes AB, a Swedish investment company sponsored by Inter Ikea and Ikano, has become a shareholder in the shoe retail chain Scorett Footwear. Scorett has 103 stores and an annual turnover of close to SEK 700 million (€77.8m-$101.6m), and is the second-largest shoe retailer in Sweden after Nilson Group. ...
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News briefs
Crocs has entered into an amended and restated credit agreement...
Crocs has entered into an amended and restated credit agreement that replaces the existing $30 million asset-backed line of credit set to expire in September 2014 with a five-year, $70 million secured revolving line of credit. Borrowings under the revolving credit facility will bear interest at variable rates, and it ...
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News briefs
The RSB Bank, which is owned by the Sabu cooperative...
The RSB Bank, which is owned by the Sabu cooperative of shoe retailers in Germany, is reportedly taking centralized invoicing and settlements for Mirapodo, the virtual shoe store launched by Otto Group in March 2010. The bank started to do a similar service for some suppliers to another German online ...
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News briefs
A private equity firm, Searchlight Capital Partners, has become the...
A private equity firm, Searchlight Capital Partners, has become the majority shareholder of Hunter Boot through a capital increase designed to increase the brand's presence in existing markets and to expand in new regions around the world. The former shareholders including Pentland Group, which bought a 49 percent stake in ...
