News Briefs – Page 35
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News briefs
Leonardo Ferragamo, a member of both Salvatore Ferragamo's board of...
Leonardo Ferragamo, a member of both Salvatore Ferragamo's board of directors and the family that controls the firm, has created a new holding company, called Sawa, to manage part of his personal interests. Sawa is the contraction of the first names of his parents, Salvatore Ferragamo and Wanda Miletti. The ...
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News briefs
BASF has opened three new “creation centers” in the Asia-Pacific...
BASF has opened three new “creation centers” in the Asia-Pacific region to help clients find creative solutions in collaboration with its own experts. The centers are located in Shanghai, Tokyo and Mumbai.
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News briefs
R.M. Williams, the Iconic Australian bootmaker, has reportedly been put...
R.M. Williams, the Iconic Australian bootmaker, has reportedly been put up for sale. R.M. Williams is majority-owned by L Catterton Asia, a private equity firm based in Singapore and backed by LVMH. Hugh Jackman, the Australian-born Hollywood actor who most recently starred in The Greatest Showman, has a 5 percent ...
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News briefs
Vibram is celebrating the 10th anniversary of the Vibram Technological...
Vibram is celebrating the 10th anniversary of the Vibram Technological Center (VTC) in Guangzhou, China. The facility is an innovation hub where the Italian brand studies innovative compounds and technologies and creates prototypes of new products prior to launching them on the market. The VTC staff operates in close synergy ...
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News briefs
Tretorn is developing its online business with the aim of...
Tretorn is developing its online business with the aim of boosting the proportion of online transactions with consumers and through retailers and internet marketplaces. The long-term goal is for online sales to account for 40 percent of total sales. To achieve it, a new team of three employees has been ...
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News briefs
Permira, the investment fund that took over Dr. Martens and...
Permira, the investment fund that took over Dr. Martens and its parent company Airwear International from the Griggs family six years ago, is planning to cash out with a fat return on the investment, according to Sky News. It is reportedly seeking a valuation that would be more than double ...
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News briefs
Vivarte has sold its Chevignon chain of clothing shops to...
Vivarte has sold its Chevignon chain of clothing shops to Financière Royer, parent company of the Royer Group, and to two other investors specialized in fashion and retailing, Stéphane Collaert and Thierry Le Guénic. The banner made a turnover of around €24 million last year through its web store and ...
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News briefs
Emerging from Chapter 11 bankruptcy proceedings, Nine West has changed...
Emerging from Chapter 11 bankruptcy proceedings, Nine West has changed its name to become the Premier Brands Group under the ownership of CVC Credit Partners and Brigade Capital. It is starting over again with $100 million in liquidities granted by Wells Fargo and Goldman Sachs to support its operations and ...
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News briefs
The brand rights and other assets of the bankrupt Bretoniere...
The brand rights and other assets of the bankrupt Bretoniere Group have been taken over by the RNF Group. Owned by Ron Janssen and Ferry Helmer, the Dutch group already owns a major trading company, Ferro Footwear, and Mexx, whose shoes are developed and sold by Ferro. As reported in our last ...
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News briefs
Kaps acquired Tacco Footcare, the German family-owned shoe-care producer, at...
Kaps acquired Tacco Footcare, the German family-owned shoe-care producer, at the end of February. Through the acquisition, the Polish-based producer of shoe-care products expands its portfolio of brands. Tacco will add a wide range of products to Kaps' existing range, which includes insoles, cotton laces, boot-trees, shoehorns and brushes, among ...
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News briefs
Manebì has announced that Milano Investment Partners, an Italian investment...
Manebì has announced that Milano Investment Partners, an Italian investment firm focusing on consumer/lifestyle businesses, has acquired a stake in the company. The investment is expected to support the expansion of the brand's international retail network and of its product offering. The products of the Spanish shoe brand, specializing in ...
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News briefs
The three wealthiest families in France have announced major donations...
The three wealthiest families in France have announced major donations to help rebuild Notre-Dame de Paris after the iconic cathedral was partially destroyed by fire on April 15. François-Henri Pinault, president of Kering, has announced that the Pinault family, via Artémis, its holding company, will donate €100 million. LVMH and ...
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News briefs
Huajian is looking at investments in the Egyptian market, according...
Huajian is looking at investments in the Egyptian market, according to a recent statement by the Egyptian trade minister, Amr Nassar. The company is planning to build a new industrial area in El Roubiki Leather City, in the suburbs of Egypt's capital city, not far from Cairo's international airport. The ...
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News briefs
Prada has entered a collaboration with Oracle under which it...
Prada has entered a collaboration with Oracle under which it will adopt a series of technological solutions from the American data management firm to boost the efficiency of its retail network. Oracle will help analyze historical data and current market demand across the Italian group's 634 mono-brand stores to improve ...
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News briefs
While looking for a strategic partner, the Dutch-based Bretoniere Group...
While looking for a strategic partner, the Dutch-based Bretoniere Group has filed for insolvency on its wholesale and retail operations, blaming a drop in sales due to difficult market conditions. The group employs 115 people and sells shoes and handbags under two brand names, Fred de la Bretoniere and Shabbies ...
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News briefs
Tapestry is beginning to take advantage of new synergies in...
Tapestry is beginning to take advantage of new synergies in shoe production between two of its brands, Coach and Stuart Weitzman. The American company has set up a team to produce a 1941 capsule collection of Coach shoes in Petrer, with an annual capacity of around 12,000 pairs. Petrer is ...
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News briefs
LK Bennett, the British shoe and apparel retailer and wholesaler,...
LK Bennett, the British shoe and apparel retailer and wholesaler, has filed for judicial administration, a British form of bankruptcy, after failing to find a new investor who is willing to take over the company as well as its debt. Ernst & Young will oversee the administration process, with five ...
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News briefs
Aldo Brué has relinquished the European license for Bruno Magli,...
Aldo Brué has relinquished the European license for Bruno Magli, after deliveries of the last autumn/winter collection. The Italian company had obtained the license two years ago from Neuberger Berman, with the right to sell the products also in Asia. As previously reported (Shoe Intelligence Vol. 20 n°19+20 of Oct. 20, 2018), ...
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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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News briefs
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 ...
