All Corporate articles – Page 73
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News briefs
According to reports from Turkey, several important Italian shoe manufacturers...
According to reports from Turkey, several important Italian shoe manufacturers are contemplating a possible investment in the country, drawing on the local skilled manpower and the supply of high-quality materials and components. They are reportedly looking at areas in the regions of Bursa, Denizli, Kayseri, Trabzon and Samsun.
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The éS skate shoe brand is being discontinued after the...
The éS skate shoe brand is being discontinued after the next spring season, but its owner, Sole Technology, is hoping that it will be able to revive the brand if market conditions improve. The company's chief executive, Pierre-André Senizergues, called it “temporary silent market mode,” saying that the skate segment ...
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Short stops
Deckers Outdoor Corp. and its subsidiary Tsubo, tripled the amount...
Deckers Outdoor Corp. and its subsidiary Tsubo, tripled the amount they can borrow under a credit agreement with Comerica Bank to $60 million between now and Nov. 30, 2011
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News briefs
A private equity fund backed by LVMH Group has made...
A private equity fund backed by LVMH Group has made its first investment in India. L Capital Asia, which is also back by Groupe Arnault, has taken a 25.5 percent stake in Genesis Luxury Fashion, a high-end fashion distributor that handles such brands as Jimmy Choo, Canali, Paul Smith and ...
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Zalando has opened a new logistics center in Brieselang near...
Zalando has opened a new logistics center in Brieselang near Berlin. According to Zalando, the new facility provides the company with the opportunity to increase its capacities quickly andbe more flexible. With this step, Zalando aims to be able to ship significantly more product in general and to serve customers ...
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News briefs
Asian interests continue to acquire European brands. EXR, the Korean...
Asian interests continue to acquire European brands. EXR, the Korean company that licenses the brand of Jean-Charles de Castalbajac in the Far East, has remained the only candidate for the acquisition of the French designer's fashion house.
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Berkshire Hathaway, the big American investment company that acquired a...
Berkshire Hathaway, the big American investment company that acquired a 20 percent stake in Masai Barefoot Technology (MBT) in 2007, is said to be preparing to increase it to a controlling interest. Company officials would not comment, but they denied a rumor that Jan Stig Andersen, the former Danish Ecco ...
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Li & Fung has acquired a controlling stake in Delvaux,...
Li & Fung has acquired a controlling stake in Delvaux, a Belgian brand of leathergoods, through one of its investment vehicles. The big Chinese company recently made investments in two other European fashion firms, Cerruti and Robert Clergerie. Its total sales grew by 33 percent to $8.80 billion in the ...
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News briefs
VF Corporation has completed the purchase of Timberland, after obtaining...
VF Corporation has completed the purchase of Timberland, after obtaining regulatory approval from the relevant antitrust authorities. The acquisition will give a boost to the fledgling shoe operations of VF, which is stronger in apparel through brands such as The North Face, and to Timberland's own apparel operations. Patrik Frisk, ...
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News briefs
Leder & Schuh has received approval by Austria's antitrust authorities...
Leder & Schuh has received approval by Austria's antitrust authorities for its acquisition of Stiefelkönig (see previous issue of Shoe Intelligence). Through Humanic and its other shoe retail chains, Leder & Schuh is estimated to have a share of 22 percent in the Austrian shoe market. Stiefelkönig has a share ...
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Anta, the Chinese footwear brand, plans to invest in a...
Anta, the Chinese footwear brand, plans to invest in a new production facility for leather footwear in Shangqiu, a city in Henan province. The company will put more than $150 million toward the project. Shangqiu, which has a population of 7.5 million and is a central hub for several railway ...
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Workers at a facility making shoes for the Indian Bata...
Workers at a facility making shoes for the Indian Bata Shoe Company reportedly went on strike because of pay. More than 250 workers are on strike from Foot Plus, the Kenyan outsource manufacturer, where local media reports say employees make about $1 a day. Female workers there have said they ...
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Macintosh Retail Group, the Dutch retail conglomerate that owns Brantano,...
Macintosh Retail Group, the Dutch retail conglomerate that owns Brantano, Scapino and other shoe retail chains, has repurchased $4,649,000 worth of its own shares to cover outstanding stock options for its staff, completing the program ahead of its scheduled expiration date of Sept. 30. It had authorized ABN Amro Bank ...
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News briefs
L Capital, the investment group controlled by LVMH, continues to...
L Capital, the investment group controlled by LVMH, continues to expand in Asia with the acquisition of a 25.5 percent stake in India's Genesis Luxury Fashion group, which markets Jimmy Choo, Burberry, Just Cavalli and other foreign brands in India. Besides investments in Antichi Pellettieri and other European firms, L ...
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News briefs
While opening its first store in Moscow, Jimmy Choo is...
While opening its first store in Moscow, Jimmy Choo is taking over full control of its operations in Hong Kong, which were previously shared with Bluebell through a joint venture. The current activities comprise five single-brand stores in Hong Kong and sales to various local department stores.
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News briefs
Gucci's management and workers have signed a new three-year labor...
Gucci's management and workers have signed a new three-year labor contract based on merit. The deal introduces a system of variable wages for the Italian companies Guccio Gucci and Gucci Logistica based on the achievement of certain targets by individuals and teams, resulting in a company bonus that can exceed ...
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Shareholders controlling 73.5 percent of the combined voting power of...
Shareholders controlling 73.5 percent of the combined voting power of Timberland Company have approved the company's merger with VF Corporation
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News briefs
E-Land of South Korea has acquired Mandarina Duck, the Italian...
E-Land of South Korea has acquired Mandarina Duck, the Italian brand of leathergoods and accessories, from Mosaicon. Christopher Bizzio, a former executive of Salvatore Ferragamo, has been appointed chief executive of the operation. E-Land was previously rumored to have discussed a possible refinancing of the bankrupt Mariella Burani Fashion Group.
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News briefs
In the course of the recent cost increases, Pointers has...
In the course of the recent cost increases, Pointers has decided to move some of its production to Italy and the U.K. At the moment, Pointers the British brand is manufacturing half of its product line in Portugal and the other half by means of a production partnership in China. ...
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News briefs
A court in Le Puy-en-Velay, France, has ruled that Denis...
A court in Le Puy-en-Velay, France, has ruled that Denis Lemercier of the holding company EPI will be the new owner of Les Tanneries du Puy, which went into administration in April 2010. The court had to decide between two legitimate bids for the company; the other came from the ...
