News Briefs – Page 43
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News briefs
Investcorp, the big investment fund based in Bahrain, is reportedly...
Investcorp, the big investment fund based in Bahrain, is reportedly among the bidders for Jimmy Choo. It had already bid for Jimmy Choo in 2011, before the company was snapped up by JAB Luxury, which put it up for sale in April.
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As reported in our last issue, a French startup, Saola,...
As reported in our last issue, a French startup, Saola, launched a campaign on Kickstarter on May 23 to collect funds for the development of its new eco-friendly shoes. After only 13 days, the brand reached its goal of raising a first batch of $25,000 to get the production started. ...
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The Atom Group has moved its German subsidiary to larger...
The Atom Group has moved its German subsidiary to larger and more functional premises in the Pirmasens area, following its recent acquisitions. The Italian company celebrated the move with a special exhibition on “Atom: The Cutty Factory.”
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The Royer Group, which owns Aster, Mod'8 and other brands...
The Royer Group, which owns Aster, Mod'8 and other brands of children's shoes, is said to be one of four candidates for the takeover of another French children's footwear brand, GBB, and its Catimini and IKKS licenses. These assets belong to a larger French group, Kindy, that specializes in socks. ...
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News briefs
Tecnomodel, a company in the Marche region of Italy that...
Tecnomodel, a company in the Marche region of Italy that has been handling the production of luxury men's and women's shoes for important fashion brands for more than 25 years, has opened a new head office at Porto Sant'Elpidio. The 2,300-square-meter structure houses its design center, its showroom, its production ...
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News briefs
LVMH has reached the highest stock market capitalization on the...
LVMH has reached the highest stock market capitalization on the CAC 40, the benchmark index of the French stock exchange, overtaking Total, France's largest oil company, with a capitalization of €116.7 billion. The value of LVMH's shares has risen by nearly 27 percent since the beginning of this year. Kering, ...
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News briefs
Pascal Poulain, general manager of André, is looking for an...
Pascal Poulain, general manager of André, is looking for an investor to help him finance a management buyout of the French shoe retail chain, according to Le Figaro. André, which is one of the assets due to be divested by the Vivarte group, had a turnover of €124 million last ...
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News briefs
The board of the Leiser Group decided to restructure all...
The board of the Leiser Group decided to restructure all its operating companies in the framework of bankruptcy protection proceedings, which the local court of Augsburg granted on March 24. Three trustees from the Schneider Geiwitz law firm, Arndt Geiwitz, Patrick Wahren and Christian Plail, are guiding the group's new ...
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News briefs
21 Investimenti, the private equity firm of Alessandro Benetton that...
21 Investimenti, the private equity firm of Alessandro Benetton that took over Philippe Model last July, wants the brand to develop an omni-channel strategy under its new chief executive, Andrea Pesaresi, who comes from Zegna. While consolidating the wholesale segment, where the French-Italian brand of sneakers is sold in about ...
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ShoeBuy has purchased the domain name Shoes.com, reportedly for $9...
ShoeBuy has purchased the domain name Shoes.com, reportedly for $9 million. ShoeBuy was acquired by Jet.com, a subsidiary of Walmart, three months ago. Another former domain name of Shoes.com, SHOEme.ca, has been reportedly acquired by DSW, at an undisclosed price. These two domain names and OnlineShoes.com were owned by a ...
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News briefs
Another minority shareholder of Deckers Brands has called for a...
Another minority shareholder of Deckers Brands has called for a sale of the company, charging that it has underperformed in the past three to five years. Mountain Capital Partners, which owns 3.3 percent of the equity, complained in particular about poor capital allocation decisions by Deckers' management, adding that there ...
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News briefs
Jones Bootmaker has reportedly been put on the market by...
Jones Bootmaker has reportedly been put on the market by its owner, Alteri Investors, which has engaged KPMG to explore options for the 160-year-old British shoe retailer, including a sale or a potential bankruptcy protection process. Jones Bootmaker has 170 stores, and it recently revamped its web shop and launched ...
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News briefs
After the numerous divestitures announced by Vivarte, its main competitor...
After the numerous divestitures announced by Vivarte, its main competitor in shoe retailing, Eram has announced its decision to put up for sale again Agora Distribution, a French company whose holdings include Tati, a pioneer in discount apparel retailing that has suffered from the development in France of more modern ...
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News briefs
According to various reports, Payless ShoeSource, the international low-priced shoe...
According to various reports, Payless ShoeSource, the international low-priced shoe retail chain based in the U.S., is planning to shut down between 300 and 1,000 stores while renegotiating its debts of $665 million, of which $520 million consists of loans maturing in 2021. Some Chinese suppliers are suffering because they ...
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News briefs
Pentland Brands has announced an unspecified investment in SeeVees, a...
Pentland Brands has announced an unspecified investment in SeeVees, a Californian brand of casual lifestyle sneakers. Pentland says the company pioneered the transformation of the original sneaker from a gym shoe to a casual shoe after its establishment in 1964. It was “rediscovered” and “resurrected” in 2010 by Steven Tiller, ...
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News briefs
A French court has given Samson six months to recover...
A French court has given Samson six months to recover from its financial problems. The French producer of Artika Soft shoes has been in receivership since last October. It has laid off 34 workers, putting an end to all its manufacturing activities in France and leaving it with about 20 ...
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Advanced discussions have been taking place lately with potential investors...
Advanced discussions have been taking place lately with potential investors in Erich Rohde, the insolvent German shoe company, according to its receiver, Frank Schmitt. The discussions have concerned a possible takeover of the whole company or just its brand name, according to Schuhkurier. A solution should be found by the ...
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News briefs
LVMH has announced the creation of LVMH Luxury Ventures, a...
LVMH has announced the creation of LVMH Luxury Ventures, a vehicle for the French conglomerate to invest in emerging companies in the fashion, cosmetics or accessories businesses. LVMH Luxury Ventures will be headed by Julie Bercovy, the group's deputy-head of mergers and acquisitions. The new venture will have a starting ...
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News briefs
The ANWR Group, which is becoming more and more digitalized,...
The ANWR Group, which is becoming more and more digitalized, conducted a test with RFID chips at two affiliated retail companies up to the end of last year. At a recent conference on the future of retailing at its campus in Mainhausen, ANWR said it is also working on the ...
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News briefs
We have reported about many bankruptcies and shutdowns in the...
We have reported about many bankruptcies and shutdowns in the German shoe retail sector in the past year. Schuhhaus Wachendorf, an important, family-owned shoe store in Bremen that was affiliated with the ANWR group, closed its doors on Dec. 17 after 140 years in operation, reports Schuhkurier. The 400-square-meter store ...
