All Corporate articles – Page 75
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Bertrand Puech, president of Hermès International, asked LVMH to halve...
Bertrand Puech, president of Hermès International, asked LVMH to halve its stake of 20.1 percent in the company to boost the number of shares publicly traded on the Paris stock exchange, which have been reduced to 7 percent of its equity. He did so in an interview with the French ...
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BAG, the parent company of NeroGiardini, has made an investment...
BAG, the parent company of NeroGiardini, has made an investment of €40 million to acquire the building housing its flagship store at 9, Corso Venezia, in downtown Milan. It will use the additional 2,400 square meters to set up a prestigious new head office and showroom in a bid to ...
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A retail group from Thailand, Central Retail Corporation, has been...
A retail group from Thailand, Central Retail Corporation, has been allowed to acquire 100 percent of the shares of La Rinascente, the leading Italian chain of department stores, for €205 million. A court in Milan rejected an attempt by Maurizio Borletti to block the sale. Borletti, who belongs to the ...
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Fung Capital, one of the private investment vehicles of the...
Fung Capital, one of the private investment vehicles of the family that controls Li & Fung, has reportedly made an offer for Mandarina Duck, one of the leathergoods brands controlled by the bankrupt Mariella Burani Fashion Group through Antichi Pellettieri. The Fung family has already acquired control of Cerruti and ...
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A new tannery is starting up at Capitao Eneas in...
A new tannery is starting up at Capitao Eneas in the Brazilian state of Minas Gerais. The main client will be Marluvas, a local manufacturer of safety shoes that was getting its leather from far away.
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Jodhpur, the city in Rajasthan, India, is to be one...
Jodhpur, the city in Rajasthan, India, is to be one of seven mega leather clusters that the government is setting up across the country to strengthen the leather industry there
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Hanover Finanz has reportedly increased its shareholding in Ludwig Reiter,...
Hanover Finanz has reportedly increased its shareholding in Ludwig Reiter, but the size of the German investment company's equity could not be determined. Hanover Finanz provided financing to the Austrian shoe producer in 2004 and 2007. The investment company is also a shareholder of Melvo.
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Brown Shoe Company has completed the private placement of $200...
Brown Shoe Company has completed the private placement of $200 million worth of senior notes with annual interest of 7 1/8 percent, maturing in 2019, or $50 million more than had been previously announced. The U.S. company wanted to raise the funds in part to redeem $150 million worth of ...
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Iconix, owner of Candie's and many other brands, has acquired...
Iconix, owner of Candie's and many other brands, has acquired a 75 percent stake in the company that has the global rights to the Ed Hardy brand name
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Hotter, the British brand of comfort shoes, is reportedly investing...
Hotter, the British brand of comfort shoes, is reportedly investing £500,000 (€574,150-$815,830) in a new conveyor system and other equipment to increase output at its factory in Lancashire to 1.6 million pairs this year. According to Drapers, its weekly production is set to grow to 49,000 pairs at the end ...
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Yue Yuen Industrial and Luen Thai Holdings have come together...
Yue Yuen Industrial and Luen Thai Holdings have come together in a strategic alliance, called Yuen Thai Industrial Company, that will focus on developing sports apparel for the global market. It plans to become one of the world's biggest apparel suppliers in just a few years. Yue Yuen, the world's ...
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Piper, a private equity firm, has taken a minority stake...
Piper, a private equity firm, has taken a minority stake in Celtic Sheepskin, a footwear and clothing producer based in Cornwall, England. Celtic Sheepskin is a 20-year-old family-owned business that has annual sales of more than £8 million (€9.2m-$13.1m); it has grown by about 20 percent every year for the ...
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Brown Shoe Company intends to offer $150 million in senior...
Brown Shoe Company intends to offer $150 million in senior notes due in 2019 in a private placement. The company will use the proceeds from the offering to purchase outstanding $150 million of its 8 3/4 percent senior notes due 2012.
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Labelux Group, which took over Bally a few years ago,...
Labelux Group, which took over Bally a few years ago, has signed an agreement in principle for the acquisition of Clothing Company, an Italian firm that owns the well-known Belstaff brand name
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Shoe Carnival, the American shoe retail chain, has shut down...
Shoe Carnival, the American shoe retail chain, has shut down its distribution center near Evansville, Indiana, because of roof damage due to storms and strong winds
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India has been chosen by Vulcabras as the country where...
India has been chosen by Vulcabras as the country where it will make uppers for its athletic footwear. The Brazilian company has announced an agreement in principle to acquire a production unit for this purpose in Chennai that currently employs around 1,000 people. The plan is to invest $50 million ...
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Tata International, one of the biggest exporters of leather and...
Tata International, one of the biggest exporters of leather and shoes in India, is setting up a tannery and leathergoods production facility in Ethiopia, its first such facility outside India
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The Italian footwear company Zeis Excelsa has taken over the...
The Italian footwear company Zeis Excelsa has taken over the apparel manufacturing activities of the Dirk Bikkembergs group located in the Italian town of Fossombrone. The transaction was carried out by Karma, a wholly owned unit of Zeis, which will rent the facility. A separate company, Karma Apparel, bought the ...
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Sources have told Dow Jones Newswires that Jones Group, the...
Sources have told Dow Jones Newswires that Jones Group, the owner of Nine West, is making a play for Jimmy Choo. TowerBrook Capital is the owner of Jimmy Choo, and is currently looking for a buyer. Other companies interested in the luxury shoe brand include TPG, an American buyout firm, ...
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Groupe Royer and an unidentified leathergoods producer are said to...
Groupe Royer and an unidentified leathergoods producer are said to have presented a proposal for the takeover of Luxat, the French shoe manufacturer that bought Pare Gabia a few years ago and recently went into bankruptcy proceedings
