Latest Headlines – Page 196
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New owners for Harrys of London
Palladin Consumer Retail Partners, the Boston-based private equity firm that bought Aerosoles in June, has acquired a majority stake in Harrys of London, the British maker and retailer of luxury men's shoes with a high technological content.Harrys of London sells its hand-made shoes along with accessories over the internet and ...
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Manas merges with Alfiere
A single company, called Alma, will own and manage the three footwear brands that are currently separately owned and run by two branches of the Sagripanti family in the Marche region of Italy - Manas, Lea Foscati and Khriò – through two separate firms, Manas and Alfiere. The new holding ...
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Cleto Sagripanti is set to buy Kallisté
Cleto Sagripanti, the Italian manager who stopped running Manas in the middle of 2013 due to differences with other shareholders over the strategy of the group, continues to acquire small Italian fashion brands that can be nurtured and expanded internationally together with his financial partners in Italian Holding Moda (IHM). ...
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Santoni will make more women’s shoes
Santoni expects to finish 2014 with sales of €64 million, up by 11.5 percent from last year, with 80 percent of the turnover achieved outside Italy. The company had to hire 80 additional staff over the past year, boosting the headcount to some 500, to cope with the rising demand.In ...
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MBT’s owner gets new equity
Star 360 Holdings, the Singapore-based company that took over MBT in 2012, has announced that it has secured distribution rights for Birkenstock and Cole Haan in Singapore, Malaysia, Thailand, the Philippines and Indonesia, adding to its extensive brand portfolio.The company, which is run by Andy Chaw, has also announced that ...
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Big growth for CCILU
Another company based in Singapore, International Brand Partners, is growing very fast with its CCILU brand of fancy, lightweight and shock-absorbing injected shoes, whose construction is similar to those of Crocs' shoes. First launched for the spring/summer 2013 season, it has already earned a place in our annual Brown Shoe ...
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Stella’s OEM business does better than retail
Stella International Holdings reported a 15.3 percent increase in total sales to US$545.7 million in the third quarter ended Sept. 30, attributing the progress mainly to restocking by some of its clients. Some orders for Stella's new fashion sneakers and handbags have come from long-standing customers, particularly in the U.S.The ...
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Wortmann posts slight sales growth
The Wortmann Group, the German company best known for its Tamaris brand, registered a 0.2 percent sales increase to €1,013 million in the fiscal year ended May 31. The export ratio remained steady at 53.2 percent. France, Benelux, Great Britain and Greece showed the most positive evolution. Eastern Europe lagged ...
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Foreign momentum helps Wolverine to keep growing
Without changing its profit target for this year or the five-year forecast that it had outlined a year ago, the management of Wolverine Worldwide reduced its guidance for the group's turnover in 2014. Instead of growing by around 3 percent as previously forecast, it will more likely increase by only ...
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Continued strong growth for Skechers
Skechers' sales continued to grow briskly in the third quarter ended Sept. 30, rising by 30.7 percent to $674.3 million, leading to a 29.5 percent increase for the first nine months of the year. Order backlogs were up by more than 50 percent at the end of the period and ...
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Timberland outperforms VF group
Timberland was the star performer at VF Corporation in the third quarter ended Sept. 30. The brand's sales increased by 15 percent globally as well as in Europe during the period. The growth in Europe was the highest for the quarter in several years.In the Americas, Timberland grew by 22 ...
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Crocs makes new appointments
Two of Crocs' new managers will be in charge of the Americas and the Greater China region. Two others have global responsibilities: Greg Sullivan as senior vice president of “global business transformation” and Michelle Poole as senior vice president of global product creation and merchandising.The new general manager of Crocs ...
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Saunders will lead the British shoe industry
John Saunders, a 56-year-old veteran of the British footwear industry, will be the new chief executive of the British Footwear Association (BFA), starting on Nov. 1. He will take the place of Richard Kottler, who is retiring after leading the organization brilliantly over the past six years.Saunders has been in ...
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Spanish exports keep growing
Exports of Spanish footwear and leathergoods continue to grow, according to IFEMA's foreign trade report, compiled from data by the Spanish Footwear Industries Federation (Fice) and the Spanish Association of Manufacturers of Leather Goods (ASEFMA). The figures were released by IFEMA on the occasion of the Momad-Metropolis fashion fair in Madrid ...
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Converse is suing 31 companies over trademark infringement
Converse filed a trademark-infringement lawsuit earlier this month in the Eastern District Court of New York and at the International Trade Commission against 31 companies, accused of ripping off its iconic “Chuck Taylor” sneakers. As reported first by The New York Times, the Nike-owned brand is suing them for monetary ...
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Profitable Zalando prepares its IPO
Both Zalando and one of its initial shareholders, Rocket Internet, are poised to announce their entry on the Frankfurt stock exchange. Zalando began to offer new shares to institutional investors yesterday, coinciding with the start of a roadshow for potential investors across Europe and the U.S.. The company is set ...
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Rocket Internet launches a new Global Fashion Group
Rocket Internet, which is also based in Berlin, is set to be listed on the Entry Standard of the Frankfurt Stock Exchange before the end of this year. Reportedly, the company is planning to float initially between 10 and 15 percent of the capital, seeking a valuation of around €5 ...
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Alibaba may be worth $168 billion or more
The giant Chinese internet marketplace, which occupies a strong position in the domestic shoe market through TMall and other websites, is gearing up for a triumphant listing on the New York Stock Exchange, the largest in its history. The desired price for the shares, which was due to be set ...
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Bain buys half of Toms at a high price
Bain Capital has acquired a 50 percent stake in Toms Shoes from its founder, Blake Mycoskie, sharing ownership with him on a 50-50 basis. Toms says that the move will help it to accelerate its international expansion and its diversification out of footwear, while supporting its well-known philanthropic mission. Also, ...
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Jimmy Choo may go public at a high multiple
According to several reports, Jimmy Choo is likely to launch its initial public offering in London next month, seeking a valuation of about $1 billion. Johann A. Benckiser (JAB) Holdings, the company that also owns Bally and Coty, has hired Bank of America and HSBC Holdings to manage the sale.Last ...
