All Corporate articles – Page 74
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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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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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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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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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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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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 ...
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Tempe, the footwear manufacturing and sourcing unit of Inditex, has...
Tempe, the footwear manufacturing and sourcing unit of Inditex, has opened a new €100 million distribution center in Elche with a capacity to handle more than 100 million pairs of shoes per year for the 5,000-odd stores of Zara and the other retail chains of the group around the world. ...
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Just as the acquisition of Sanuk shoes by Deckers Outdoor...
Just as the acquisition of Sanuk shoes by Deckers Outdoor Corporation was nearing completion, Deckers announced late last month that it was going to stop selling its Simple brand. Simple was one of the first brands of eco-conscious footwear, but Angel Martinez, chief executive and chairman at Deckers, noted that ...
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Reckitt Benckiser has completed the acquisition of Scholl from SSL...
Reckitt Benckiser has completed the acquisition of Scholl from SSL Healthcare. Meanwhile Labelux, the 4-year-old investment company of the Benckiser family that owns Bally and other properties in the luxury goods segment, has completed the acquisition of Jimmy Choo. Following its more recent takeover of Belstaff, Labelux has announced that ...
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After shelving the project of a joint venture for the...
After shelving the project of a joint venture for the management of the Salamander and Lurchi brands (see Shoe Intelligence 13-14+15 of June 3), Ara Shoes and Wortmann have also decided to put an end to their existing A+W Shoes joint venture, which they set up 10 years ago to ...
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Foot Shop, a British retailer of oversized and special shoes,...
Foot Shop, a British retailer of oversized and special shoes, has been sold by its founder, David Price, to its management, led by Andrew Peirce, according to Drapers. The business comprises two divisions, Cosyfeet and Walktall. Cosyfeet is a brand of extra-wide shoes for people with swollen and bandaged feet, ...
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Pou Chen Corporation, the major shareholder of Yue Yuen (see...
Pou Chen Corporation, the major shareholder of Yue Yuen (see its results further down), indicates that it should be able to complete a major reorganization of its Asian production apparatus by end of 2012, in response to rising labor costs in Eastern China. It will relocate a large part of ...
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The prospect of a cut by the Chinese government in...
The prospect of a cut by the Chinese government in its import duties on shoes and other luxury products by next autumn has apparently led Sergio Rossi to decide to take over control over five of its 11 franchised stores in China. The Italian brand, which is owned by Gucci ...
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A spokesperson for ECCO denies a report that the company...
A spokesperson for ECCO denies a report that the company is planning to set up a new €4 million factory in Portugal
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PPR, parent company of Gucci Group, has raised its stake...
PPR, parent company of Gucci Group, has raised its stake in Sowind Group, the Swiss manufacturer of Girard-Perregeaux and Jean Richard high-end watches, from 23% to 50.1%
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Sapato.ru, the Russian online shoe retailer about which we have...
Sapato.ru, the Russian online shoe retailer about which we have already spoken, has raised an additional $12 million in funding through an injection of new equity by Intel Capital, the global investment organization of Intel Corporation. The investment takes the total funding package for Sapato.ru up to a level of ...
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Georgina Goodman, the British brand, has entered insolvency proceedings, according...
Georgina Goodman, the British brand, has entered insolvency proceedings, according to Begbies Traynor, a business rescue and recovery firm. Georgina Goodman and her husband, B.J. Cunningham, are the majority owners of the company. Core Capital, a private equity company has been a minority investor since January 2010. However, according to ...
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Fresh on the heels of its acquisition of Jimmy Choo,...
Fresh on the heels of its acquisition of Jimmy Choo, Labelux has just added Belstaff, the outdoor apparel retailer, to its stable of brands. The latest purchase, from the Italian firm Clothing Company, is another step in Labelux' effort to expand with international labels. Belstaff, which has 14 own stores, ...
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After three years of relatively flat sales results, Bianco Footwear...
After three years of relatively flat sales results, Bianco Footwear of Denmark is getting help for a new phase of international development beyond its current network of 150 franchised stores, located in 10 countries. New financial help and know-how is coming from Detlev Meyer, who founded and then in 2004 ...
