All Corporate articles – Page 76
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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 ...
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Shortly after its decision to invest in a factory in...
Shortly after its decision to invest in a factory in India, Vulcabras is announcing the shutdown of the factory set up at Parobé, in the Brazilian state of Rio Grande do Sul, in 1958 by Azaleia, the big shoe company that it acquired a few years ago. The factory employs ...
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The Tod's Group has become a shareholder of La Scala,...
The Tod's Group has become a shareholder of La Scala, the famous opera house in Milan, with an investment of €5.2 million spread over four years. Tod's worked with the theater a few months ago on a video clip titled “An Italian Dream,” likening the process of producing shoes to ...
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Preliminary insolvency proceedings for the German shoe manufacturer Biodyn Human...
Preliminary insolvency proceedings for the German shoe manufacturer Biodyn Human Footwear started on June 8, with the appointment of a lawyer in Mannheim, Stefan C. Roth, as temporary trustee. All the operations of Biodyn are proceeding as usual for the moment. Salaries and wages are secured until the end of ...
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Steve Madden has acquired The Topline Corporation, a privately held...
Steve Madden has acquired The Topline Corporation, a privately held designer, producer, and marketer of private-label and branded footwear. The acquisition was completed for $55 million in cash subject to a working capital adjustment, plus an earn-out provision based on financial performance through June 30, 2012. Founded by William F. ...
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WSGN, the international trend forecasting agency, is opening a full-fledged...
WSGN, the international trend forecasting agency, is opening a full-fledged office in Shanghai for the Chinese market, adding to those it has in New York, Paris, Barcelona, New York, Los Angeles, Tokyo, Melbourne, Istanbul and Singapore
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The Qatar Luxury Group, created three years ago by the...
The Qatar Luxury Group, created three years ago by the ruling family of the emirate, has acquired a 52.73 percent stake in Le Tanneur, a major French leathergoods company whose sales rose by 7.4 percent to €57.3 million last year. It is not sure whether it is going to launch ...
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Aigle has opened a showroom in a manor house of...
Aigle has opened a showroom in a manor house of Oxfordshire in England and a pop-up store in Hong Kong
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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.
