All Corporate articles – Page 71
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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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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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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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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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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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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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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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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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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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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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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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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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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 ...
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Short stops
Salvatore Ferragamo has entered the FTSE MIB benchmark index, listing...
Salvatore Ferragamo has entered the FTSE MIB benchmark index, listing the 40 most traded stock classes on the Italian Bourse
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Brax, a successful German fashion brand that originally specialized in...
Brax, a successful German fashion brand that originally specialized in pants, is expected to continue its diversification into footwear and other products following the appointment of Ulrich Bauer to head up its licensing business. Hauer, 54, was formerly a shareholder and the managing director of Ulihauer Pluslinks, a German company ...
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Collective Brands, parent company of Sperry Top-Sider, Keds, Pro-Keds, Stride...
Collective Brands, parent company of Sperry Top-Sider, Keds, Pro-Keds, Stride Rite and Airwalk, Saucony, has reportedly hired an investment bank, Perella Weinberg, to look for potential buyers for its whole business, which includes the loss-making Payless ShoeSource chain of shoe shops, or parts of it. The company indicated last August, ...
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While confirming that it doesn't plan to take over control...
While confirming that it doesn't plan to take over control of the company, LVMH has further raised its stake in Hermès International from 21.4 to 22.3 percent, and it has indicated that it may buy more shares depending on market conditions. LVMH has also obtained 16 percent of the voting ...
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An Italian investment fund, Fondo Italiano di Investimento (FII) is...
An Italian investment fund, Fondo Italiano di Investimento (FII) is acquiring a stake in Zeis Exelsa. Its size could not be determined, but reports indicate that FII will invest €20 million to boost Zeis' retail activities and to expand the range of shoes sold under the name of Dirk Bikkemberg, ...
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Trilantic Capital Partners, a U.S. private equity fund, has acquired...
Trilantic Capital Partners, a U.S. private equity fund, has acquired a substantial stake in Implus Corporation from another fund, AEA Investors, in cooperation with the company's chief executive, Seth Richards, and its president, Todd Vore. The U.S. company markets insoles, shoe care products and other items under numerous brands including ...
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Titan Industries has struck a licensing agreement to manufacture shoes...
Titan Industries has struck a licensing agreement to manufacture shoes with the Zadig & Voltaire brand name. The French brand joins a roster that includes Badgley Mischka, Charles Jourdan and L.A.M.B. Zadig & Voltaire previously produced its shoes in-house; now Titan Industries will take over that duty and then sell ...
