News Briefs – Page 40
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News briefs
Calla Shoes, the specialist in shoes that support and disguise...
Calla Shoes, the specialist in shoes that support and disguise bunions, is reportedly one of the recipients of the first-ever wave of investments from the British Design Fund. The Manchester-based footwear company will get part of the £500,000 (€562,394.8m-$694,531.6m) investment fund alongside Kokoon Technology and K Tech Manufacturing. Calla Shoes ...
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A Chinese company, Shandong Ruyi, is the leading contender for...
A Chinese company, Shandong Ruyi, is the leading contender for the acquisition of Bally International, according to Bloomberg. The other three candidates are two other Chinese firms and the Itochu group from Japan. JAB Holding, which already sold Jimmy Choo to Michael Kors last summer, has put a price tag ...
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Gucci has opened a high-end restaurant in the 14th-century Palazzo...
Gucci has opened a high-end restaurant in the 14th-century Palazzo della Mercanzia near the central Piazza della Signoria in Florence. The chef is Massimo Bottura, who is said to have opened the best restaurant in the world, Osteria Francescana, in Modena last year. The Gucci Osteria is part of a ...
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News briefs
CCC has taken over its 54 franchised stores in Romania...
CCC has taken over its 54 franchised stores in Romania from its franchisee, Peeraj Brands International, which also operates stores for Geox and other brands. Peeraj, which is owned by investors in Dubai, says the Polish-based chain is paying around €33 million for the business, which generated a net profit ...
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News briefs
The management of Deckers Brands, parent company of Ugg, Teva,...
The management of Deckers Brands, parent company of Ugg, Teva, Sanuk and Hoka One One, won a 10-month fight against one of its investors at the company's annual meeting on Dec. 14, where all its directors were re-elected. The activist investor, Mercator Capital Management, had proposed that some or all ...
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News briefs
According to reports that could not be confirmed, the owners...
According to reports that could not be confirmed, the owners of the Rockport Group are considering its possible sale with the help of an investment bank, Houlihan Lockey. In the meantime, several managers have left the company including Wouter Hagen, who was running its European sales out of an office ...
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News briefs
Shoon, the British shoe retailer, went into administration, a form...
Shoon, the British shoe retailer, went into administration, a form of bankruptcy, on Nov. 24. According to Drapers, the company has sold two stores and two concessions to The Shoot Shoe Company and closed five other stores and one concession. The company made a small profit in the year ended ...
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News briefs
Payless ShoeSource, which emerged from Chapter 11 bankruptcy in August,...
Payless ShoeSource, which emerged from Chapter 11 bankruptcy in August, has placed its corporate headquarters for sale. The company, based in Topeka in Kansas in the U.S., is seeking $8.5 million for the 300,000-square-foot of buildings. The beleaguered retailer laid off 170 employees in November, following the cut of 165 ...
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Wayne Kulkin, a former chief executive of Stuart Weitzman, has...
Wayne Kulkin, a former chief executive of Stuart Weitzman, has launched his own lines of luxury sneakers. Kulkin, a self-confessed “sneakerhead” since he was a teenager, set up a company for this purpose, called StreetTrend, earlier this year with the backing of an investor, Hilco Global. The sneakers will be ...
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News briefs
Tod's has inaugurated a new factory in Arquata del Tronto,...
Tod's has inaugurated a new factory in Arquata del Tronto, one of the towns in central Italy devastated by the earthquake of Aug. 24, 2016. The facility, which represents a €10 million investment, was officially unveiled on Dec. 19, in the presence of Italy's Prime Minister, Paolo Gentiloni, and Tod's ...
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News briefs
Flex plans to inaugurate a new manufacturing plant in Zapopan-Jalisco,...
Flex plans to inaugurate a new manufacturing plant in Zapopan-Jalisco, about 20 kilometers northwest of downtown Guadalajara, where it will make sports shoes for Nike. The new 57,000-square-meter facility will initially employ 5,000 workers but Flex anticipates the number will grow by the end of 2019, with the full implementation ...
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News briefs
Salvatore Ferragamo has opened a new design and prototyping lab...
Salvatore Ferragamo has opened a new design and prototyping lab for men's and women's leather goods in Osmannoro, near Florence. The center is to celebrate the leather crafting know-how of the Italian luxury label, which the company wants to pass down to future generations. The lab also uses new machines ...
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News briefs
Bata is investing in Zimbabwe. The global footwear group has...
Bata is investing in Zimbabwe. The global footwear group has announced it is upgrading a plant in Gweru in order to improve its efficiency while diversifying its portfolio of products into more women's and men's styles. Bata has already made significant investments in the Gweru unit, including the replacement of ...
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News briefs
Hamm Market Solutions, the German-based footwear licensee for the Gant and...
Hamm Market Solutions, the German-based footwear licensee for the Gant and Napapijri brands, created a new subsidiary, Selected Footwear Concepts, managed by Claus Gese, that will start next month distributing Mahony, a newly created brand of women's shoes. The products are priced between €89-120 a pair for end consumers. Gese, who ...
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News briefs
Joya has set a subsidiary in Konstanz, Germany, Joya Schuhe,...
Joya has set a subsidiary in Konstanz, Germany, Joya Schuhe, to take care of the distribution of the Swiss brand of comfort shoes in Germany and the Benelux countries, which were previously serviced by Joya International. From January 2018, Joya Schuhe, the German subsidiary, will assume Joya's distribution in these markets. Its ...
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News briefs
Tati, the French cut-price shop, will be sold to Gifi....
Tati, the French cut-price shop, will be sold to Gifi. The French competition authority has conditionally authorized the takeover of Tati Group's shops by GPG Group (Gifi) as long as Tati sells some shops located in limited catchment areas, in order to avoid harm to competition. Tati has therefore agreed ...
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News briefs
Eram, one of the two leading shoe retailing groups in...
Eram, one of the two leading shoe retailing groups in France, has raised to 49 percent its stake in Faguo, a French brand of casual footwear and clothing, to help finance its further development. The balance is shared between its two managers, Nicolas Rohr and Frédéric Mugnier, who founded Faguo ...
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News briefs
Shoescribe and The Corner, the two e-shops previously owned by...
Shoescribe and The Corner, the two e-shops previously owned by Yoox, have been acquired by an Italian entrepreneur, Vittorio Chalon, and they will be back online soon. The two e-shops had been shut down in 2015 following the creation of the Yoox-Net-à-Porter group. According to reports on fashionmagazine.it, the two ...
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Guillaume de Feydeau, who was appointed as the new chief...
Guillaume de Feydeau, who was appointed as the new chief executive of the bankrupt J.B. Martin on Oct. 30, has presented a plan to eliminate the French company's losses. It would involve the layoff of up to 100 of its 260 employees and the shutdown of five to ten of ...
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News briefs
Clarks has announced that it will be working with the...
Clarks has announced that it will be working with the JDA Software Group to create a global planning process, as part of its global business transformation initiative. The British footwear maker will be using JDA's Intelligent Fulfillment solution, which helps anticipate the omnichannel demand and secure the availability of stock ...
