News Briefs – Page 27
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News briefsOzon raises $1.20 billion in IPO and placement
The Russian e-commerce group Ozon raised $1.20 billion in an initial public offering (IPO) and a private placement with its shareholders AFK Sistema and Baring Vostok Fund. Through the two transactions, Ozon issued 42.45 million shares at $30 each, resulting in $1.27 billion in gross proceeds, but the monies fell ...
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News briefsOzon enjoys a successful IPO
The e-commerce giant Ozon went public on Nov. 24 on the Nasdaq stock exchange in New York, and enjoyed one of the most successful initial public offerings (IPO) for a Russian business in years. The company managed to sell 33 million shares at $30 each, raising $990 million. Initially, the ...
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News briefsHeelys’ parent undergoes strategic review
Sequential Brands, a U.S. group that has a portfolio of consumer brands including Heelys, Avia and DVS, said that its board has relaunched a “broad exploration of strategic alternatives.” The alternatives may include the sale of the company or the disposal of one or more brands. The company’s portfolio also ...
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News briefs
LVMH head sees company exiting the Covid-19 crisis stronger
The French luxury goods group LVMH is coming out of the Covid-19 crisis “rather stronger” thanks to its worldwide presence, according to its chairman and chief executive Bernard Arnault. “We have for a long time had the strategy of covering most of the planet with our sites, stores, subsidiaries,” he ...
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News briefsTwo former Balmain executives launch La Ligne Numérotée
Françoise Misiraca and Charlotte Sauvat, two former executives of the French fashion house Balmain, have launched the upscale women’s footwear brand, La Ligne Numérotée. Misiraca spent 18 years at Balmain, where she held various roles, including head of its men’s department. Sauvat has been a shoe and accessories designer for ...
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News briefs
Permira reportedly hires advisors for Dr. Martens’ IPO
The private equity company Permira has hired Goldman Sachs and Morgan Stanley to organize a possible initial public offering of Dr. Martens, according to media reports. The British private equity company plans to float the footwear company on the London Stock Exchange. Permira bought Dr. Martens from the Griggs family ...
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News briefs
Josef Seibel inaugurates Kenyan factory
Josef Seibel Group inaugurated its factory in Ukunda, Kenya, on Nov. 9. The ceremony was attended by the owner of the group, Carl-August Seibel, and the chief executive Stefan Wentzel. The factory will produce leather school shoes destined to the Kenyan market under the Romika brand. The brand was sold ...
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News briefsHotter owner prepares to sell the company
Electra Private Equity has hired the investment bank Stifel Nicolaus Europe to prepare the sale of Hotter Shoes. The timing of the disposal will be determined over the coming months as trading patterns normalize in Hotter’s new business model focused on direct to consumer channels predominantly in the U.K. and ...
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News briefsMelania changes ownership
Melania Italia, an Italian footwear company specializing in children’s shoes based in the footwear cluster in the Marche region, has been sold by the founding Gironacci family to two investors, F. & C. Gruppo Imprenditoriale d’Investimenti and Società and D’Amico Group Holding & Company. Melania was founded in 1966 by ...
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News briefsRumbo to close down
The Spanish footwear retailer Rumbo will close down after having failed to reach an agreement with its creditors to relaunch its business. The Murcia-based company has 68 stores and posted sales of about €25 million in 2019. Rumbo went into administration in June, but the court-appointed administrator, the legal firm ...
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News briefsEurazeo sells stake in Farfetch
The French investment house Eurazeo has sold its minority stake in Farfetch, a London-based online marketplace for fashion and luxury goods brands and multi-brand boutiques present in 190 countries, for net proceeds of €90.4 million. After investing in Farfetch in 2016, Eurazeo said it helped Farfetch to develop business among ...
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News briefsKlarna snaps up Woilà
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has acquired the technology and team of the startup Woilà, whose app allows consumers to get refunds if the price of a product falls after an online purchase is completed. Klarna said the acquisition, for which terms ...
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News briefsMyShoes buys eight stores from Dielmann
Schuhhaus Dielmann, the German footwear chain currently in administration under creditor protection proceedings, will sell eight stores to MyShoes. The deal still has to be cleared by the national competition regulator, Federal Cartel Office, and landlords, but is scheduled to close on Dec. 1. Previously Dielmann said it would close ...
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News briefsHavaianas creates international division
The Brazilian footwear group Alpargatas has created an international division for its flip-flop brand Havaianas. The division is based in Spain and run by Frédéric Lévy, a seasoned senior manager. Lévy was previously chief executive and president of Coravin, an America startup manufacturing products for the wine industry and currently ...
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News briefsCPC completes purchase of Shoes.com
CriticalPoint Capital (CPC), a Californian-based private equity firm, has completed the acquisition of Shoes.com from Walmart. No financial details were released. Shoes.com is an online retailer of footwear, apparel and accessories present in the U.S., and internationally, offering a broad assortment of athletic to casual brands for women, men, and ...
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News briefs
25 former André stores to be auctioned
Twenty-five former shops of the French footwear retailer André will be auctioned from Oct. 27 to 30 in Grenoble. In July, a Grenoble-based court had chosen François Feijoo to take over André which had filed for insolvency. But, Feijoo only kept 55 of André’s stores, out of a total fleet ...
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News briefsClarks reportedly plans to close 50 stores
The Hong Kong-based private equity firm LionRock Capital wants Clarks to reach a Company Voluntary Arrangement (CVA) with its creditors before investing into the British footwear group, according to Sky News. A CVA would enable Clarks to close up to 50 stores and renegotiate rents for the rest of the ...
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News briefs
Dielmann to close 13 stores
Schuhhaus Dielmann, the German footwear chain currently placed into administration after the launch of creditor protection proceedings, will close 13 stores by the end of the year. The shops operate under the names Dielmann, Dstep and Sommerkind. In a statement, the company added that clearance sales will start in the ...
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News briefs
Clarks reportedly enters exclusive talks with LionRock Capital
Clarks has decided to enter exclusive talks with LionRock Capital in order to sell a majority stake to the Hong Kong-based investment firm, the news agency Reuters reported citing a source familiar with the matter. It added that LionRock prevailed in an auction process and that the British footwear company ...
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News briefs
Dainese buys motorcycle boot producer TCX
The Italian motorcycle gear and sportswear group Dainese has acquired TCX, an Italian producer of motorcycle boots. Financial details for the acquisition of TCX, which is based in Montebelluna in the province of Treviso, were not disclosed. “TCX possesses in-depth technical and development expertise in the world of motorcycle footwear ...
