Genesco's board of directors has authorized the buyback of up to $100 million worth of treasury shares in the American shoe retail company, replacing the balance of $75 million from a former repurchase program authorized in 2013.
Gruppo Manifatture Italiane (GMI) aims to be among the top two Italian producers of shoes in the luxury segment in the next five years, after taking another step in that direction following the acquisition of Broma , a producer of men’s formal shoes and sneakers for luxury brands, in ...
Shoe maker Clarks failed to keep up with retail trends while shareholders prioritized dividends over investment, according to one of the family members. Galahad Clark , a descendant of founders Cyrus and James Clark, said the company failed to “move fast enough into the 21st century”, ultimately leading ...
The company voluntary agreement (CVA) of the upmarket British retailer L.K. Bennett was approved by creditors. It will result in five stores closing down and the remaining shops switching to turnover-based rents. The chain has 18 standalone stores. Among the creditors who voted against the CVA was the ...
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