News Briefs – Page 37
-
News briefs
Peter Bird, former finance director of Clayton & Sons, has...
Peter Bird, former finance director of Clayton & Sons, has bought the assets of the bankrupt British supplier of leather for shoes and accessories from the Clayton Leather Group, according to Drapers magazine. The group itself went into administration, a form of bankruptcy on Oct. 4, retaining only 12 employees. ...
-
News briefs
Moody's lowered its rating for Caleres' liquidity because of the...
Moody's lowered its rating for Caleres' liquidity because of the American shoe retailer's acquisition of Vionic for $360 million (see our previous issue) reduced the availability of cash under its $600 million asset-backed revolving credit. On the other hand, the rating agency felt that Caleres should be able to meet ...
-
News briefs
Crocs has agreed to repurchase the preferred convertible shares of...
Crocs has agreed to repurchase the preferred convertible shares of Blackstone Capital Partners, which had acquired them in 2014 as part of a $200 million investment in the company. Crocs will buy back half of the preferred shares at $26.64 each for a total of $183.7 million. The other half ...
-
News briefs
The German Cartel Office has endorsed the merger of the...
The German Cartel Office has endorsed the merger of the Karstadt and Kaufhof department store chains. They will be run by a joint venture being formed between the Austrian-based owner of Karstadt, Signa, and the Canadian-based Hudson's Bay Co., which took over Kaufhof three years ago. The operational management will ...
-
News briefs
CCC plans to launch its main online footwear store, Eobuwie.pl,...
CCC plans to launch its main online footwear store, Eobuwie.pl, on the stock exchange in Warsaw. The website generated revenues of around €58 million in the latest quarter.
-
News briefs
Compagnie Vosgienne de la Chaussure (CVC), the French shoe manufacturing...
Compagnie Vosgienne de la Chaussure (CVC), the French shoe manufacturing company previously owned by Vivarte, may be able to stave off its liquidation. The bankruptcy court that is handling the case announced on Nov. 6 that it had received an offer for its takeover. Prodded by a former manager of ...
-
News briefs
Lenci Calzature, an Italian contract manufacturer from the region of...
Lenci Calzature, an Italian contract manufacturer from the region of Tuscany, has reportedly announced that it plans to dismiss its remaining 70 employees and cease operations. Last January, Lenci Calzature already asked government authorities to help it to pay the wages of its employees, indicating that it was planning to ...
-
News briefs
Joya and Kybun have recently signed a cooperation agreement. The...
Joya and Kybun have recently signed a cooperation agreement. The Swiss brands of comfort shoes will from now on have a common warehouse in order to serve customers faster and more efficiently. In order to meet the planned expansion outside its domestic market, Switzerland, Kybun will move to additional offices ...
-
News briefs
Foster & Son has opened a new shoe factory in...
Foster & Son has opened a new shoe factory in Northampton, the first new shoe factory in decades in the U.K. The firm chose Oct. 25, the feast of St. Crispin, patron of industry, to inaugurate the facility. The factory currently employs eight workers, but the company plans to increase ...
-
News briefs
The Serafin group, the Munich-based holding company that invests in...
The Serafin group, the Munich-based holding company that invests in medium-sized businesses, has successfully acquired Bama, German manufacturer of shoe care products. The product portfolio includes polish, balm, protectors and deodorants, a variety of insoles and accessories such as laces. The products are distributed under the Bama and Woly brands in ...
-
News briefs
Dominik Benner, the owner of Schuhe24, the German-based online marketplace...
Dominik Benner, the owner of Schuhe24, the German-based online marketplace for independent shoe retailers, has acquired 40 percent of We Want Shoes, the German online brand marketing and networking platform. The price paid for the acquisition was not reported. Saydou Bangoura, founder of We Want Shoes, remains chief executive of ...
-
News briefs
Diego Della Valle, whose family owns 61.5 percent of Tod's,...
Diego Della Valle, whose family owns 61.5 percent of Tod's, has “categorically” ruled out selling the company or any of its assets. In an interview with the daily La Repubblica, Della Valle, who is also chairman and co-chief executive of the company, said that he would be willing to buy ...
-
News briefs
The Belgian FNG Group has taken over the Henkelman Group,...
The Belgian FNG Group has taken over the Henkelman Group, a big international Dutch-based trading company specializing in footwear, from its founder and managing director, Theo Henkelman. The fashion company, which is run by Dieter Penninckx, already has the Claudia Sträter and Miss Etam brands as part of its footwear ...
-
News briefs
Allbirds, the American brand of sustainable footwear launched in 2016,...
Allbirds, the American brand of sustainable footwear launched in 2016, has raised $50 million more in Series C funding from institutional investors including T. Rowe Price and Fidelity. It has collected a total of $75 million to conduct further research into sustainable materials and to expand internationally. It has just ...
-
News briefs
Cesare Paciotti, one of the best known brands of women's...
Cesare Paciotti, one of the best known brands of women's shoes operating in the Marche region of Italy, has changed its brand name to Paciotti, addressing a younger customer target. The company went through a rough patch three years ago because of a major decline in its turnover and a ...
-
News briefs
Toni Pons' new distribution center in Catalonia, Spain, has storage...
Toni Pons' new distribution center in Catalonia, Spain, has storage capacity for up to 100,000 pairs of shoes, which will allow the company to expand the store franchising side of its business. Located in Girona, near the corporate headquarters of the Spanish brand of lounge shoes, the distribution center covers ...
-
News briefs
Xero Shoes, a fast-growing company in Boulder, Colorado that produces...
Xero Shoes, a fast-growing company in Boulder, Colorado that produces minimalist sneakers and sandals, has raised $2.3 million in debt capital in a deal with JP Morgan Chase. The proceeds will help the company to support its growth and to expand the product range. Xero's sales have enjoyed a sixfold ...
-
News briefs
P.W. Minor has shut down operations completely after 151 years...
P.W. Minor has shut down operations completely after 151 years in business. According to a Worker Adjustment and Retraining Notification (WARN) Act, the reasons for its closure were “economic.” Oct. 5 was listed as the closing date. Based in Batavia, NY, P.W. Minor was the second-oldest footwear manufacturer in the ...
-
News briefs
Mifitto, a German start-up specializing in 3D measurement of feet...
Mifitto, a German start-up specializing in 3D measurement of feet that filed for bankruptcy on July 5 at the local court of Duisburg, will be taken over by a consortium from Cologne and Franconia. No further details on the takeover have been revealed. Mifitto has developed a system that claims ...
-
News briefs
VF Corporation is making a further adjustment to its brand...
VF Corporation is making a further adjustment to its brand portfolio with a definitive agreement to sell its Reef brand of beach lifestyle products to the Rockport Group, which also holds the Aravon and Dunham brands Rockport, which is now run by Gregg Ribatt, was recently taken over by ...
