All Corporate articles – Page 72
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News briefs
Brown Shoe Company has announced that it will closing down...
Brown Shoe Company has announced that it will closing down its distribution center in Sun Prairie, Wisconsin, phasing it out starting in January with full closure by April. The activities that take place there will be moved to other locations as Brown Shoe makes an effort to cut down on ...
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Belle International, the big Chinese conglomerate, is working with Hong...
Belle International, the big Chinese conglomerate, is working with Hong Kong Shangduo Leather and Xinxiang Leather Company to open a new tannery in the Suzhou Economic Zone in Jiangsu province. Groundbreaking for the Bailian Shangduo tannery, north of Shanghai, took place on Nov. 21, and once completed the facility should ...
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Miuccia Prada and her husband, Patrizio Bertelli, have bought one...
Miuccia Prada and her husband, Patrizio Bertelli, have bought one of the ancient palaces overlooking the Grand Canal in Venice for €40 million from the city's municipality. The palace, called Ca' Corner della Regina, will be used to house a Prada Foundation, featuring numerous works of art.
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Little Mary, a French brand of children's shoes created in...
Little Mary, a French brand of children's shoes created in 1974, has been taken over by a new holding company, KidShoes, or KSH, that wants to develop it further and to launch new brands and new licenses. The new group has been set up by Hervé Jailliard, who has ...
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Sixty Group, the parent company of Miss Sixty, Energie and...
Sixty Group, the parent company of Miss Sixty, Energie and other fashion brands, is contemplating a further reduction in its staff, possibly outsourcing all product development, pattern making and prototyping to China. Employees of the Italian company have been staging sit-ins in front of the company's head office in Chieti ...
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News briefs
Groupe Royer of France has confirmed the signature of a...
Groupe Royer of France has confirmed the signature of a licensing agreement for the Spring Court brand, covering Europe, the Middle East and Africa. The license was previously held by Rautureau Apple Shoes.
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News briefs
Macintosh Retail Group has repurchased 289,578 of its own shares...
Macintosh Retail Group has repurchased 289,578 of its own shares at an average price of €11.52, for a total amount of €3,335,939. The buyback took place through several block trades and went relatively quickly. The Dutch retail group, which owns Brantano, Scapino, Jones Bootmaker and other sho retail chains, had ...
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A bankruptcy claim filed by local tax authorities against Dale...
A bankruptcy claim filed by local tax authorities against Dale Sko of Norway risks bringing an end to the company's 112 year-old reign as a manufacturer of winter boots and traditional footwear. As reported in NRK, Dale Sko's big financial troubles began last year when the company lost a major ...
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News briefs
The real estate investment company of Bernd Hummel, the German-based...
The real estate investment company of Bernd Hummel, the German-based licensee for the KangaROOS brand based in Pirmasens, has acquired the nearby factory of Biodyn, the German manufacturer of toning shoes that became recently insolvent. The owners of Biodyn, who were previously distributing MBT in Germany, had set up the ...
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Brown Shoe Company has finalized the sale of its men's...
Brown Shoe Company has finalized the sale of its men's basketball and lifestyle shoe brand, And 1, to Galaxy International for $55 million in cash. Brown Shoe plans to use the proceeds from the deal to pay down debt. The U.S. shoe retail and wholese company acquired And 1 in ...
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News briefs
Tacco Footcare, the German manufacturer of insoles, shoe care products...
Tacco Footcare, the German manufacturer of insoles, shoe care products and orthotics, declared on Oct. 14 that it has gone into insolvency. The companies Pietsch and Fox-Shoecare, both affiliates of Tacco Footcare, are also affected by the group's bankruptcy. Although the order situation has been stable, the companies have experienced ...
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News briefs
Hamken Oy, a Finnish company that manufactures shoes for the...
Hamken Oy, a Finnish company that manufactures shoes for the famous Pertti Palmroth brand, is reportedly fighting against bankruptcy. Mikko Palmroth, chief executive of Pertti Palmroth Oy, son of its founder and part-owner of Hamken Oy, cites the global economic downturn as a basis for the company's financial problems, but ...
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News briefs
LVMH has agreed to acquire a controlling interest in Heng...
LVMH has agreed to acquire a controlling interest in Heng Long International, one of the world's five major producers of crocodile leather, to secure supplies of this prestigious raw material for its numerous brands. The company is paying the equivalent of €92 million for the company, or about double its ...
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News briefs
B.A.G., the Italian company that owns NeroGiardini, NG NeroGiardini and...
B.A.G., the Italian company that owns NeroGiardini, NG NeroGiardini and NeroGiardini Junior, is scheduled to officially inaugurate in the coming weeks a fully automated 12,000-square-meter warehouse for the dispatching of finished products near its headquarters in Monte San Pietrangeli, in the province of Fermo. The company claims that the warehouse ...
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News briefs
The rapidly expanding Groupe Royer, which has been very successful...
The rapidly expanding Groupe Royer, which has been very successful as the French licensee of Converse, is finalizing the signature of a five-year license for Spring Court, a French brand that became famous in the 1960s because its tennis shoes were worn by John Lennon and Serge Gainsbourg. The Spring ...
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News briefs
PPR is expanding the capacity of its main international distribution...
PPR is expanding the capacity of its main international distribution and logistics platform for Gucci and its other brands of luxury products. For this purpose, the group has bought 40,000 square meters of land in the industrial zone of Sant'Antonino, in the Ticino canton of Switzerland. Operated by a PPR ...
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Short stops
Jones Group is discussing the sale of its jeanswear division...
Jones Group is discussing the sale of its jeanswear division to an Israeli firm, Delta Galil
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News briefs
Members of the Ferragamo family have finalized the repurchase of...
Members of the Ferragamo family have finalized the repurchase of a 2 percent stake in the fashion company from the Chinese businessman Peter Woo. The stake was bought in July by Ferragamo Finanziaria, a family holding company controlling the group, from Woo's company, Majestic Honour. On Sept. 30, the holding ...
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Short stops
There is a new spate of rumors that Otto may...
There is a new spate of rumors that Otto may want to acquire Görtz, which has failed to reach its sales objectives for the year
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Lanxess, the specialty chemicals manufacturer, is investing more than €40...
Lanxess, the specialty chemicals manufacturer, is investing more than €40 million in China, mostly in the leather industry. A €30 million leather chemicals plant started construction last month in Changzhou, Jiangsu province, that will be able to produce 50,000 tonnes per year and that is expected to operational in the ...
