All News briefs articles – Page 13
-
News briefs
Shein reportedly files for an IPO in the U.S.
Shein, the Singapore-based fast fashion online retailer, has confidentially filed to go public in the U.S., according to The Wall Street Journal. Goldman Sachs, JP Morgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, it added. Shein was valued at ...
-
News briefs
Footway employees and directors invest into the company
Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the Swedish company’s capital. The transaction comprises a total of approximately 8.8 million shares, representing about 8.7 percent of the company’s share capital and 10.4 percent of the voting rights. ...
-
News briefs
Tod’s to finance restoration of Milan’s city hall
Tod’s will fund the restoration of Milan’s city hall, which is situated in Piazza della Scala, opposite the eponymous opera house. The works comprise 5,345 square meters of exterior facades and 2,224 square meters of the internal court of honor, which features original elements of the building, including a portico ...
-
News briefs
KG Schuhkay completes protective shield proceedings
The Hamburg-based footwear retailer KG Schuhkay has completed its protective shield proceedings. Schuhkay applied for self-administration under the German insolvency law in late March this year and entered protective shield proceedings at the end of May. Despite better-than-expected results, the business outlook was clouded by the fallout from the ...
-
News briefs
Permira close to picking the banks for Golden Goose’s IPO
The private equity Permira is in the home stretch regarding the selection of the pool of banks that will arrange the initial offering (IPO) of Golden Goose, that could be held in 2024, according to the daily Il Sole 24 Ore. Goldman Sachs and BofA Merrill Lynch are the frontrunners ...
-
News briefs
Gerry Weber to be delisted
The German fashion group Gerry Weber is set to undergo a capital cut and to delist from the stock market as part of its restructuring plan, which was confirmed on Oct. 25 by the Essen Restructuring Court. The plan, which also includes a €50,000 capital increase, “was approved with ...
-
News briefs
ANWR launches new sports and outdoor trade fair format
The German footwear buying group ANWR has launched a new trade fair format focusing on the sports and outdoor footwear segment. The new ANWR Order Lifestyle-Sport & Outdoor fair will be held on Dec. 12 and 13, 2023 in ANWR’s Mainhausen Campus, near Darmstadt. So far, around 50 ...
-
News briefs
Frankie4 opens a flagship store in Seattle
Frankie4, an Australian women’s footwear, has opened a permanent store, its first in the U.S., at the Bellevue Collection mall, located outside Seattle. The store was designed by JPC Architects and features 1,844 square feet of retail space. The store follows the success of a pop-up location in Bellevue Square ...
-
News briefs
Aku inaugurates a new production line
Italian-based outdoor footwear maker Aku has inaugurated a new line of production at its factory in Montebelluna. The new state-of-the-art machine for outdoor and professional footwear reportedly represents an investment of €1.3 million. The project has been developed in partnership with Stemma, also an Italian company which specializes in the ...
-
News briefs
Xero Shoes hires new directors for design and product merchandising
Colorado-based barefoot footwear specialist Xero Shoes has hired Kristina Funck as design director and Megan Elias as director of product merchandising. As design director, Funck will lead Xero Shoes’ design strategy, innovation and seasonal storytelling. She has contributed to the design development and success of several global footwear brands, including ...
-
News briefs
New Balance starts construction of new factory in New England
New Balance has begun construction of a 9,500-square meter factory in Londonderry, New Hampshire. It is the first factory in the state and the sixth footwear manufacturing facility in the U.S.. The investment totals $70 million, will create more than 150 jobs and is expected to be operational by 2025. ...
-
News briefs
Tod’s joins the Aura Blockchain Consortium
Tod’s has joined the Aura Blockchain Consortium, securing digital product passports for the handbag Di Bag.“Using Aura Blockchain technology and the NFC tag that guarantees its authenticity and traceability, you are able to access all the information about the bag and its supply chain directly through your smartphone. This unique ...
-
News briefs
Ralf Ringer faces bankruptcy due to a dispute with the tax authorities
Ralf Ringer, a prominent Russian footwear retailer, faces the risk of being declared bankrupt for failing to pay the lease for a manufacturing facility. The company is locked into a dispute with the Russian tax authorities, which has blocked its bank accounts. As a result, the footwear retailer has missed ...
-
News briefs
Generational change at Schneider Schuhe
A new generation has taken the helm at the Swiss footwear and fashion retailer Schneider Schuhe as Monika and Ueli Schneider handed over the family business to Helen and Samuel Schneider. The company said in a statement that the move, which marks a generational change from the 6th to ...
-
News briefs
Chaussea’s parent buys Pataugas
VGM Holding, which owns the French footwear retailer Chaussea, has bought the footwear brand Pataugas from the Hopps Group. No financial details were released. Created in the Basque region of France in 1950, Pataugas is particularly well-known in France for its comfortable walking shoes with rubber soles. The brand was ...
-
News briefs
Prada COO reportedly leaves for Gucci
Massimo Vian, the chief operating officer of Prada Group, will quit on Nov. 30 to join Gucci, according to various media reports. Vian started with the Italian fashion group in May 2020. His position will be held on an interim basis by Prada Group’s CEO, Andrea Guerra. Separately, fashionmagazine.it reported ...
-
News briefs
Nice Footwear takes full control of Favaro, Emmegi
Nice Footwear has increased its stakes in Emmegi and Favaro Manifattura Calzaturiera to 100 percent from 80 percent. The Italian footwear company bought its initial stake in Emmegi, an Italian producer of premium handbags, in 2022 and its initial stake in Favaro, an Italian manufacturer of luxury women’s shoes, in ...
-
News briefs
Brazilian footwear exports rise in volume in October
In the first ten months of 2023, Brazilian footwear exports totaled 102.5 million, down by 14 percent year-over-year in volume, and generating about $1 billion in revenues, down by 8.8 percent in value. Compared to the first ten months of 2019, prior to the impact of Covid-19, exports were up ...
-
News briefs
Christian Louboutin, Meta jointly sue an alleged Mexican counterfeiter
Christian Louboutin and Meta Platforms, which owns the social networks Instagram and Facebook, filed a joint lawsuit in the U.S. against a Cesar Octavio Guerrero Alejo, who allegedly sold counterfeit products from Mexico. According to the complaint filed with the U.S. District Court for the Northern District of California, the ...
-
News briefs
Scarpa could sell a 25% stake to an outside investor
Scarpa is believed to have hired the investment bank Finint to find an investor ready to buy an about 25 percent in the Italian footwear company, according to the daily Corriere della Sera. The transaction would enable the company to raise funds to accelerate its expansion, which could include acquisitions, ...
