News Briefs – Page 34
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News briefs
Last April Snipes, the sneaker retail chain that has belonged...
Last April Snipes, the sneaker retail chain that has belonged to the Deichmann group since 2011, took over Kicks USA, a retail chain specializing in sneakers, athletic shoes and clothing, with 64 stores in eastern part of the U.S. Now it has acquired Mr. Alan's Men's Bootery, another sneaker chain based in ...
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The Global Fashion Group (GFG), which operates transactional websites in...
The Global Fashion Group (GFG), which operates transactional websites in emerging countries, has raised less than half of the expected proceeds from a public offering on the Frankfurt Stock Exchange. The offer period was extended due to low demand from potential investors. GFG raised €180 million with the placement of ...
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The big Chinese Huajian Group, which has been operating in...
The big Chinese Huajian Group, which has been operating in Ethiopia since 2011, is reportedly planning to invest $100 million in the construction of new shoe manufacturing and coffee processing factories in the country's Jimma Industrial Park. An agreement signed in May with the Ethiopian government will also see Huajian ...
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London Sole, the owner of the shoe brand French Sole,...
London Sole, the owner of the shoe brand French Sole, has bought the Bennetts department store Bennetts in Derby, which had been declared insolvent in February. French Sole specializes in the retailing of ballet flats and holds trademarks in every country in the world except the U.S. French Sole has stores ...
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News briefs
Farida has inaugurated a second factory in Scandicci, within a...
Farida has inaugurated a second factory in Scandicci, within a leather district six km southwest of Florence. Its other manufacturing facility in Chiusi, also in Tuscany, will remain operational. The new factory in Scandicci will focus on prototype development, sample items and special productions, such as those required by the ...
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News briefs
Schuhe24, the German-based online marketplace for independent shoe retailers, and Outfits24,...
Schuhe24, the German-based online marketplace for independent shoe retailers, and Outfits24, a similar portal operated by the same company, opened their first logistics center in Wiesbaden last month. Schuhe24 bundles the stocks of 1,000 affiliated retailers. Revenues rose to €25 million in 2017, and Schuhe24 expects them to reach €75 million in 2019 and €100 million ...
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News briefs
Zalando moved into new headquarters in Berlin on June 26....
Zalando moved into new headquarters in Berlin on June 26. More than 6,000 employees who were previously scattered throughout the city are now coming together in the online retailer's new premises, encompassing 100,000 square meters. The recently opened “Zalando Campus” offers flexible desks, a fitness studio, open office areas, a ...
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Zalando has announced the construction of its first Dutch logistics...
Zalando has announced the construction of its first Dutch logistics center in the Bleiswijk business park, near Rotterdam. The new 140,000-square-meter facility will cater for customers in Western Europe, including the Netherlands, Belgium, Luxembourg, France, Spain and the U.K. The fulfilment center will have a total storage capacity of 16 ...
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News briefs
Tamara Mellon, the New York-based co-founder of Jimmy Choo, is...
Tamara Mellon, the New York-based co-founder of Jimmy Choo, is receiving $50 million in Series C funding, led by the London-based investment firm Centricus, for the development of her own eponymous footwear brand. Previous investors, such as NEA and Quadrille Capital, also took part. The women's luxury footwear brand, which ...
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News briefs
Alberto Raengo, an Italian manager who was formerly behind the...
Alberto Raengo, an Italian manager who was formerly behind the resurrection of Blauer and RefrigiWear, apparently enjoys reviving brands. Raengo was also behind the recent relaunch of Holubar, an American mountaineering brand that put together a small chain in the 1960s, was sold to Johnson Wax in about 1975 and ...
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News briefs
BASF is investing to strengthen its presence in the footwear...
BASF is investing to strengthen its presence in the footwear industry. The company has recently expanded its Footwear Development Center in Italy, and has opened a new center in Thailand. Both facilities feature new machinery with direct injection molding technology. Most recently, BASF has opened a new 2,000-square-foot Footwear Development ...
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Superfeet of Ferndale, Washington, has acquired RSscan International, a maker...
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker of systems to scan and analyze feet, notably for athletes. The deal's terms remain undisclosed, but it will enable the American insole and footwear brand to expand its research and manufacturing infrastructure. The combined company will have at least seven ...
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News briefs
The Signa Retail group is taking over all the shares...
The Signa Retail group is taking over all the shares it doesn't own in the joint venture it formed last year with Hudson's Bay Company of Canada, called Galeria Karstadt Kaufhof, including the real estate that was previously shared. It is reportedly paying about one billion euros for the assets. ...
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News briefs
Desma has started to build a new factory at its...
Desma has started to build a new factory at its production site in Achim, near Bremen. The new factory building will have an area of 12,000 square meters with an additional 4,500 square meters of office space. The company plans to conclude the project by autumn 2020. The so-called “factory ...
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News briefs
According to a German newspaper, Express, Birkenstock wants to expand...
According to a German newspaper, Express, Birkenstock wants to expand its operations in Cologne, where it will be moving some 200 employees currently working in Rahms near Neustadt-Wied. Consequently, the staff of Birkenstock's site in Rahms will be cut in half before its eventual shutdown in the future. As of ...
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Bikkembergs has entrusted the production and worldwide distribution of children's...
Bikkembergs has entrusted the production and worldwide distribution of children's shoes to Elisabet, the shoe manufacturer based in Monte Urano, in Italy's Marche region. The contract will start with the spring/summer 2020 collection, which will be presented at Pitti Bimbo in Florence, on June 20-22, 2019.
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News briefs
Kering is planning to relocate the majority of its Swiss...
Kering is planning to relocate the majority of its Swiss logistic operations to Italy between 2020 and 2022. The project will be implemented gradually over the next three years. The new Italian hub will be based at Trecate near Novara, in Italy's northwest, and the move will result in an ...
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News briefs
The battle for control of Netshoes, the Brazialian e-tailer, is...
The battle for control of Netshoes, the Brazialian e-tailer, is escalating. As reported in our last issue, Magazine Luiza initially made a bid for Netshoes at $2.00 per share, valuing the company at $62 million. Late last month, Grupo SBF, which owns the big Centauro chain of sporting goods stores, ...
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News briefs
Schuhe24, the German-based online marketplace for independent shoe retailers, is...
Schuhe24, the German-based online marketplace for independent shoe retailers, is going to offer financial support to its members from the next month of June. Schuhe24 is working on the project with a German-based financing portal, called Compeon. Retailers affiliated with Schuhe24 and a similar portal, Outfits24, will be able to ...
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News briefs
LuisaViaRoma, the big omni-channel retailer based in Florence, has formed...
LuisaViaRoma, the big omni-channel retailer based in Florence, has formed a partnership with Secoo, the Chinese internet platform for luxury goods. Chinese customers will be able to order the products of about 500 brands hosted on LuisaViaRoma's website via Secoo's web store. The deal follows the establishment by Secoo of ...
