All Corporate articles – Page 73
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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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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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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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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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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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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 ...
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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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News briefs
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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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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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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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 ...
