Latest News Briefs – Page 199
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News briefs
On Jan. 30, the Italian shoemaker Rucoline applied for debt...
On Jan. 30, the Italian shoemaker Rucoline applied for debt protection with a court in Perugia. The company was granted 120 days to present a reorganization plan including a debt restructuring proposal for its creditors. According to the daily Italia Oggi, Rucoline faced financial difficulties after a Chinese client, Eva ...
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Berkemann has acquired a shoe factory in Martfü, Hungary. The...
Berkemann has acquired a shoe factory in Martfü, Hungary. The German shoe company, based in Zeulenroda, will produce over 100,000 pairs of shoes per year at the new site. The takeover of the plant became necessary after Berkemann's existing Hungarian facility in Kiskunfélegyháza reached full capacity, said the company. With ...
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Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a...
Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a few days ago as the third wealthiest man in the world, according to the Bloomberg Billionnaires index, overtaking Warren Buffet before the recent release of the results of his company, Berkshire Hathaway. The current ranking sees Arnault back in the ...
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Christian Louboutin is reportedly planning to open a hotel in...
Christian Louboutin is reportedly planning to open a hotel in Portugal, in the Alentejo region, in summer 2020. The French shoe designer personally knows the region, where he owns a holiday home. Construction work is expected to begin in April. The Alentejo, located in south-central Portugal, is known for its ...
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News briefs
Schuhplus, the German mail-order retail specialist for extra-large men's and...
Schuhplus, the German mail-order retail specialist for extra-large men's and women's shoes, has acquired an Austrian-based competitor, SchuhXL Feldmann, from its former owner, Peter Feldmann, at undisclosed conditions. The group is now planning to enter Eastern European markets and to launch its website in new languages in the course of ...
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News briefs
Peter Kaiser, the German manufacturer of women's shoes, is reducing...
Peter Kaiser, the German manufacturer of women's shoes, is reducing staff at its headquarters in Pirmasens. According to a report in a local newspaper, the headquarters has shed about 40 employees, bringing the total down to 200. According to Stefan Frank, chief executive, Peter Kaiser could no longer avoid reducing ...
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CCC, the fast-growing Polish-based shoe retail chain, continues its shopping...
CCC, the fast-growing Polish-based shoe retail chain, continues its shopping spree. The chain made a tender offer for the shares of Gino Rossi, the struggling Polish shoe retailer, back in December, and the Polish Office for Competition and Consumer Protection has now approved the deal. The offer was for 0.55 zlotys ...
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News briefs
Skechers India is transitioning to a wholly-owned subsidiary of Skechers...
Skechers India is transitioning to a wholly-owned subsidiary of Skechers USA following the purchase by Skechers USA of a 49 percent stake in its Indian joint venture from Future Group. The financial details of the transaction have not been disclosed. This development is meant to accelerate expansion and to build ...
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News briefs
Skechers reports the opening of its 3,000th store. With a...
Skechers reports the opening of its 3,000th store. With a surface of 3,000 square meters, it is its largest mono-brand store in the world. It is located in the Chinese city of Shenyang. The store has an entertainment area for children and a large assortment of branded clothing to complement ...
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News briefs
Belle International, the largest Chinese operator of athletic footwear stores...
Belle International, the largest Chinese operator of athletic footwear stores for international brands, is planning to go public again with a valuation of $2.87 billion, according to Reuters. The company was taken private in 2017 with a valuation of $6.8 billion by a group of investors led by its management, ...
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News briefs
Ian Watson, who has run Start-Rite Shoes for the past...
Ian Watson, who has run Start-Rite Shoes for the past three years, has become the new chief executive of Hotter, the biggest British producer of comfort shoes. He has taken the place of Sara Prowse, who is stepping down from the role after three years in which she is credited ...
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News briefs
Salvatore Ferragamo has promoted Paul Andrew to creative director. The...
Salvatore Ferragamo has promoted Paul Andrew to creative director. The English designer, who started off at the Italian company as women's footwear designer in 2016, had already taken charge of women's wear one year later. Christian Mainard will remain in charge of men's footwear and clothing, and he will also ...
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News briefs
Salvatore Ferragamo registered a 25.5 percent drop in its 2018...
Salvatore Ferragamo registered a 25.5 percent drop in its 2018 net profit, excluding minorities, to €88.4 million and cut its full-year dividend to €0.34 per share from €0.38 a year earlier. Full-year sales were down by 3.3 percent to €1,347 million (see Shoe Intelligence Vol. 21 n° 3+4) and gross ...
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News briefs
Tod's has hired Carlo Alberto Beretta as general brand manager,...
Tod's has hired Carlo Alberto Beretta as general brand manager, effective Feb. 25. He will report to the group's chief executive and general manager, Umberto Macchi di Cellere. Beretta's past experiences include chief client and marketing officer for Kering from September 2016 to November 2017 and chief executive officer for ...
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News briefs
In February Ian Niblock was appointed general manager of Fagus,...
In February Ian Niblock was appointed general manager of Fagus, the German brand of lasts. Niblock replaces Kai Greten, managing partner of Fagus-GreCon Greten. Fagus has production sites in Germany, the Czech Republic, Portugal, Thailand and Belarus. Niblock has been working for the company since 2017 – first as innovations ...
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Tim Keding, one of the founders of Shoepassion, a multichannel shoe...
Tim Keding, one of the founders of Shoepassion, a multichannel shoe retailer based in Berlin, resigned at the beginning of this year for personal reasons. The former chief operating officer, Björn Henning, 36, will be the company's sole chief executive from now on. Keding remains the group's biggest shareholder, working as ...
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In July, Wolfgang Neussner will assume the management of Leder & Schuh, the...
In July, Wolfgang Neussner will assume the management of Leder & Schuh, the Austrian parent company of the Humanic and Shoe4You retail chains. He will be replacing Werner Weber, who is set to leave the company in mid-2019. Neussner, who has had a seat on the company's advisory board since 2015, will be ...
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News briefs
Mike Jensen has been made president of Reef, the beach...
Mike Jensen has been made president of Reef, the beach lifestyle brand recently divested by VF Corp. He was most recently the general manager and brand manager of DC Shoes at Boardriders. He previously worked for Asics, Spy and Converse. Jensen will report directly to Gregg Ribatt, the new chief ...
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News briefs
Timberland continues to hire new people in a bid to...
Timberland continues to hire new people in a bid to regain some momentum. As of Feb. 1, Chris McGrath is Timberland's new vice president of global footwear design, for men's, women's and children's footwear. He reports directly to Jim Pisani, the company's global brand president, and will be relocating from ...
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News briefs
Eram has appointed Julien Bianchi as the new managing director...
Eram has appointed Julien Bianchi as the new managing director of TBS. He succeeds Jean-Marc Taillieu, who left TBS in September 2018. Bianchi has 15 years of experience in the sports and footwear sectors. He has previously worked at Kappa Europe (formerly Sport Finance), La Halle and venteprivée.com. TBS will ...
