News Briefs – Page 36
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Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a...
Bernard Arnault, the controlling shareholder of LVMH, ranked briefly a few days ago as the third wealthiest man in the world, according to the Bloomberg Billionnaires index, overtaking Warren Buffet before the recent release of the results of his company, Berkshire Hathaway. The current ranking sees Arnault back in the ...
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Christian Louboutin is reportedly planning to open a hotel in...
Christian Louboutin is reportedly planning to open a hotel in Portugal, in the Alentejo region, in summer 2020. The French shoe designer personally knows the region, where he owns a holiday home. Construction work is expected to begin in April. The Alentejo, located in south-central Portugal, is known for its ...
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Schuhplus, the German mail-order retail specialist for extra-large men's and...
Schuhplus, the German mail-order retail specialist for extra-large men's and women's shoes, has acquired an Austrian-based competitor, SchuhXL Feldmann, from its former owner, Peter Feldmann, at undisclosed conditions. The group is now planning to enter Eastern European markets and to launch its website in new languages in the course of ...
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Peter Kaiser, the German manufacturer of women's shoes, is reducing...
Peter Kaiser, the German manufacturer of women's shoes, is reducing staff at its headquarters in Pirmasens. According to a report in a local newspaper, the headquarters has shed about 40 employees, bringing the total down to 200. According to Stefan Frank, chief executive, Peter Kaiser could no longer avoid reducing ...
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CCC, the fast-growing Polish-based shoe retail chain, continues its shopping...
CCC, the fast-growing Polish-based shoe retail chain, continues its shopping spree. The chain made a tender offer for the shares of Gino Rossi, the struggling Polish shoe retailer, back in December, and the Polish Office for Competition and Consumer Protection has now approved the deal. The offer was for 0.55 zlotys ...
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Skechers India is transitioning to a wholly-owned subsidiary of Skechers...
Skechers India is transitioning to a wholly-owned subsidiary of Skechers USA following the purchase by Skechers USA of a 49 percent stake in its Indian joint venture from Future Group. The financial details of the transaction have not been disclosed. This development is meant to accelerate expansion and to build ...
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Skechers reports the opening of its 3,000th store. With a...
Skechers reports the opening of its 3,000th store. With a surface of 3,000 square meters, it is its largest mono-brand store in the world. It is located in the Chinese city of Shenyang. The store has an entertainment area for children and a large assortment of branded clothing to complement ...
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Belle International, the largest Chinese operator of athletic footwear stores...
Belle International, the largest Chinese operator of athletic footwear stores for international brands, is planning to go public again with a valuation of $2.87 billion, according to Reuters. The company was taken private in 2017 with a valuation of $6.8 billion by a group of investors led by its management, ...
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In the last two weeks of January, Diego Della Valle,...
In the last two weeks of January, Diego Della Valle, chairman and co-chief executive of Tod's, bought an additional take of about 2 percent in the company after it issued disappointing full-year sales figures, prompting the share price to fall. The shares are not part of an agreement reached with ...
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Asso, an Italian producer of children's shoes, is diversifying into...
Asso, an Italian producer of children's shoes, is diversifying into the adult segment by buying Keys, an Italian footwear and apparel brand, from the Opera group. Asso said that it plans to expands Keys' distribution network, which is currently limited to Italy and Northern Europe. The autumn/winter 2019/2020 collection of ...
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A veteran of the footwear industry, Anton Magnani, led the...
A veteran of the footwear industry, Anton Magnani, led the management team that has bought out a Florentine leathergoods firm, BMB Manifattura Borse, from a German private equity firm, Halder, which had acquired it in 2013. BMB produces high-end products for brands like Chanel. BMB has annual sales of about ...
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In 2020, Crocs will be relocating its headquarters from Niwot...
In 2020, Crocs will be relocating its headquarters from Niwot to Broomfield, another town in the same state of Colorado. This new building, which already stands, is more spacious, at 80,000 square feet, and more conveniently located, near the growing commercial corridor of Route 36, which passes through both Boulder ...
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N.d.c. made by hand has been sold to Maxim Telitsyn...
N.d.c. made by hand has been sold to Maxim Telitsyn and his wife Els, a couple of Belgian independent investors. The high-end shoe brand was founded in 2002 by Arnaud Zannier and Enrique Corbi. Corbi left the company in 2014. Arnaud Zannier is also the founder of Zannier Hôtel, a ...
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Foot Locker has invested $2 million in Pensole Inc., which...
Foot Locker has invested $2 million in Pensole Inc., which runs the Pensole Footwear Design Academy. Founded in 2010 by D'Wayne Edwards, former director of design at Nike's Jordan Brand, Pensole offers prospective footwear designers free tuition and a learn-by-doing curriculum. Some 400 alumni are currently at work in the ...
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Skechers USA has begun to expand its headquarters in California....
Skechers USA has begun to expand its headquarters in California. The project, overseen by David Forbes Hibbert of DFH Architects, will feature a design center of 100,000 square feet, add new executive offices along the Pacific Coast Highway in Hermosa Beach, double the offices, design studios and showrooms in the ...
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Wortmann, the German shoe producer that owns the Tamaris, Jana, Caprice,...
Wortmann, the German shoe producer that owns the Tamaris, Jana, Caprice, Be Natural and Marco Tozzi brands of footwear, has signed a new licensing deal with Meier Lederwaren, the leathergoods maker in Offenbach, Germany, for its product line of bags. The contract with Tamaris Accessories, of Obertshausen, will end on Nov. ...
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The chairman and chief executive of Tod's, Diego Della Valle,...
The chairman and chief executive of Tod's, Diego Della Valle, has struck a deal with the French bank Crédit Agricole to buy a 5.13 percent interest in the Italian luxury shoe company controlled by his family, lifting their stake to 65.8 percent. According to a filing with the Italian stock ...
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Birkenstock is building a central chemical laboratory at its production...
Birkenstock is building a central chemical laboratory at its production plant in Bernstadt. The laboratory is scheduled to start operating at the end of the next year. The German shoe manufacturer has invested around €4 million in the construction, which signals a clear commitment to the company's location in Bernstadt, ...
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LVMH has set up an internal initiative, called the Retail...
LVMH has set up an internal initiative, called the Retail Lab, to help promote the digital transformation of its multiple segments and brands. In September of last year, the group hired Gautier Pigasse, who previously worked for VP Mobile Marketing and 6 in Motion, to set up and manage LVMH's ...
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Shoe Carnival has announced a new share repurchase program for...
Shoe Carnival has announced a new share repurchase program for up to $50 million of its outstanding common stock, effective Jan. 1, 2019. It will replace the existing $50 million share repurchase program that was authorized on Dec. 14, 2017, which will expire on Dec. 31, 2018. Under the new ...
