News Briefs – Page 28
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News briefs
Royer plans to cut 200 jobs
The loss of a major distribution contract for New Balance in France, the Benelux countries and Germany and the crisis linked to Covid-19 have led Groupe Royer of France to start discussions with its staff about the dismissal of about 200 of its 500 employees. The loss of the contract, ...
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News briefsAlma FRC Group unit Débé takes over Tacco
Tacco Footcare, a German shoe-care producer, announced on its Facebook page that it has been acquired by the Belgian insole producer Débé, which in turn is owned by Alma FRC Group, a French manufacturer of shoe care and shoe accessory products. Tacco will be included in a portfolio that comprises ...
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News briefs
BIG buys Aldo U.K.
The U.K. arm of the Canadian footwear retailer Aldo Group has been acquired by Bushell Investment Group (BIG), which is based in Birmingham, England. BIG indicated that the acquisition, for which financial details were not released, will preserve 150 jobs and lead to the creation of an additional 50 roles ...
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News briefs
Nicholas Kirkwood takes back brands from LVMH
The British designer Nicholas Kirkwood is taking back his namesake luxury shoe brand from LVMH after a seven-year partnership. The French conglomerate said that the decision was mutual and amicable and that it would continue supporting Kirkwood over the coming months to ensure a smooth transition. No financial details were ...
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News briefs
Shoe Zone CEO and chairman increase their stakes
Anthony Smith, the chief executive of Shoe Zone, and Charles Smith, the company’s chairman, have increased their stakes in the British footwear retailer by buying the shares owned by Jeremy Sharman, a non‐executive director of the company who has decided to leave the board after holding a seat for nine ...
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News briefs
German shoe chain Dielmann seeks investors
On Sept. 1, the Darmstadt District Court opened creditor protection proceedings for the local footwear chain Schuhhaus Dielmann and the sports retailer Sporthaus Robert Hübner. Self-administration was decided for both companies. The previous managements stepped down from both companies in June with the application of so-called protective shield proceedings. The ...
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News briefsAra Shoes wants to modernize operations and cut jobs
Due to the coronavirus crisis, the German company Ara Shoes wants to accelerate the restructuring process it started in early 2020. This will include a workforce reduction at the Langenfeld site in order to compensate for the loss of sales this year and the negative forecast for the next two ...
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News briefs
L.K. Bennett introduces cluster managers
The British premium womenswear retailer L.K. Bennett has introduced cluster managers who will be responsible for more than one location. The move will result in 19 redundancies. The company said that the reorganization stems from a decline in trade in stores, while the retailer has seen a significant increase in ...
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News briefsWalmart launches Walmart+ membership program
Walmart is launching the membership program Walmart+, its much anticipated response to Amazon Prime. Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited free delivery from stores, ...
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News briefs
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik. The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the business. Lanxess ...
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News briefs
BASF opens its first global footwear innovation center in Taiwan
BASF, the German chemical group, has opened its first global Footwear Innovation Center in Taiwan. The 7,000-square-foot facility, inaugurated on Aug. 11, is located within the footwear manufacturing site of its strategic partner Longterm Concept (LTC) in Changhua, Taiwan. The Footwear Innovation Center includes three main zones. The Design Zone ...
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News briefs
Geox pays July wages of bankrupt logistics provider
Geox, through its unit Xlog, paid the wages for the month of July of about 380 employees of the logistics company Venere, a unit of the Milanese group CGS currently being liquidated after being declared bankrupt. The payment was reached after Xlog reached an agreement with the Treviso chapter of ...
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News briefsCamtrade rebranded The Enjoiya Group
The U.S. women’s wholesale footwear firm Camtrade has changed names to The Enjoiya Group. The company manufactures and distributes three shoe brands, Enjoiya, Secret Celebrity and Soft Comfort. They have an emphasis on comfort and fit, with price-value also a key component in the market positioning. Enjoiya is the company’s ...
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News briefs
ABG, SPARC picked to buy Brooks Brothers for $325 million
The iconic American apparel group Brooks Brothers has selected Authentic Brands Group (ABG) and its partially owned retail unit SPARC as the winning bidders of a competitive sale process after they increased their offer to $325 million for the vast majority of the company’s global business operations as a going ...
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News briefs
Chanel buys Italian tannery Conceria Gaiera
The French fashion house Chanel has further tightened the control of its supply chain by buying the Italian tannery Conceria Gaiera that supplies leather for footwear and leathergoods, according to the website La Conceria. The tanner was founded in 1946 and is based in Robecchetto con Induno, Lombardy. It will ...
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News briefsKavat closing down some showrooms in digitalization move
Kavat, the Swedish family-owned company based in the shoe-making town of Kumla, is closing down its traditional showrooms in Düsseldorf, Oslo and Gothenburg as it intends to rely on a new B2B platform, scheduled to come on stream in August, and using flagship stores as showrooms and meeting places with ...
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News briefsHurley family takes over Simple
Kandui Holdings, founded by the Hurley family, has acquired the assets and intellectual property of the American brand Simple from KTSimple. Financial details were not disclosed. The acquisition is being carried through Simple Shoes, that will continue all ongoing operations with plans to enhance and evolve the Simple brand over ...
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News briefs
The shoe chains Sacha and Manfield go bankrupt in Belgium
The footwear chains Sacha and Manfield, representing a total of 17 stores and 140 employees, filed for bankruptcy in Belgium. But Termeer, the Dutch company that owns the banners, expects to restart the businesses. The chains’ stores in the Netherlands and their online activity are not affected by the filing. ...
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News briefs
Rumbo has gone into administration
Rumbo has entered into a voluntary arrangement with creditors in an effort to reorganize its business. According to La Verdad, which first reported the news, the case is being processed by the Commercial Court 1 of Murcia, in southeastern Spain, where the multi-brand shoe retail group is headquartered. The legal ...
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News briefs
Showroomprivé launches €10 million capital increase
Showroomprivé, a French online retailer specializing in flash sales, launched a €10 million rights issue guaranteed by its founders David Dayan and Thierry Petit. The proceeds will finance the company’s general expenses. As of May 31, its net cash was €12.7 million. Shareholders can obtain 22 new shares for 17 ...
