News Briefs – Page 49
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News briefs
Rubin Ritter, finance director of Zalando, and the Samwer brothers,...
Rubin Ritter, finance director of Zalando, and the Samwer brothers, who help found the e-commerce giant, have cash out of some of their shares. Ritter has sold shares worth €3.26 million. Acting through their holding company, Global Founders, the brother have reduced their stake in Zalando to 9.92 percent. The ...
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Tamara Mellon has reportedly become insolvent. According to the U.S....
Tamara Mellon has reportedly become insolvent. According to the U.S. media, the British shoe designer has filed a voluntary Chapter 11 bankruptcy petition in a U.S. court for her eponymous brand, which she had launched in November 2013, two year after leaving Jimmy Choo. She had co-founded the brand and ...
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Chanel has reportedly acquired a majority stake in Calzaturificio Gensi,...
Chanel has reportedly acquired a majority stake in Calzaturificio Gensi, a shoemaker in the Abruzzi region of Italy that has been manufacturing its sneakers. The company employs 160 people and makes 1,500 shoes per day for men, women and children. According to the reports, it will continue to work for ...
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Hermès has bought Tanneries du Puy, a longtime supplier of...
Hermès has bought Tanneries du Puy, a longtime supplier of the leather used in its products. Specializing in box-calf leather, Tanneries du Puy works for many important manufacturers of shoes and leathergoods around the world. To help secure its supplies and become more vertically integrated, Hermès had already spent some ...
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Rautureau Apples Shoes (RAS), the parent company of Free Lance...
Rautureau Apples Shoes (RAS), the parent company of Free Lance and other footwear brands, has created a new company, RAS Kids, for its fast-growing brand of children's shoes, Pom d'Api. The new company, which is still controlled by RAS, has been placed under the management of Alexandra Bois-Auboin, a former ...
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News briefs
Ka & Ka, the parent company of The Flexx, has...
Ka & Ka, the parent company of The Flexx, has changed its name to The Flexx. Axel Kaiser, who remains as the chief executive of the Italian supplier of fashionable comfort shoes, has raised his stake in the company from 20 to 30 percent.
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William Lamb Footwear has changed its name to William Lamb...
William Lamb Footwear has changed its name to William Lamb Group. According to an official of the British company, the change is related to its possible diversification into the supply of handbags.
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News briefs
An Austrian chain of six shoe shops, Mannequin Shoes, is...
An Austrian chain of six shoe shops, Mannequin Shoes, is reported to have filed for insolvency. The creditors have been asked to file their claims by Dec. 30. They will be examined on Jan. 13 by a receiver in Vienna, Günther Hödl. The two owners of the chain, Zhishi Chen ...
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Cherokee Global Brands, a marketer of lifestyle brands based in...
Cherokee Global Brands, a marketer of lifestyle brands based in California, has acquired Flip Flop Shops, a chain of more than 90 franchised stores in the U.S., Canada, Caribbean, Middle East and South Africa that sell hot brands of thongs, casual shoes and accessories like Havaianas, Olukai, Quiksilver and Reef. ...
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Zalando has announced plans to build a new “campus” for...
Zalando has announced plans to build a new “campus” for its headquarters in Berlin that should go into operation in 2018. With 42,000 square meters of office space in two buildings and a total of nearly 100,000 m² at its disposal in the immediate neighborhood, the move would give Zalando ...
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Bench, which is now run by Bruno Salzer out of...
Bench, which is now run by Bruno Salzer out of its Munich office, has cut by half the team at its head office in Manchester, previously made up of 120 people, and expanded operations in Germany. Roles across various areas, among which are “design and communication” and other important functions, ...
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News briefs
Bondholders of Sympatex Holding have rejected a proposal to get...
Bondholders of Sympatex Holding have rejected a proposal to get their bonds redeemed ahead of their maturity for 101 percent of their value, and this should make it more difficult for shareholders to sell parts of the group to interested parties. Only creditors representing 21.6 percent of the €13 million ...
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A Hong Kong-based financial service company registered in the Seychelles...
A Hong Kong-based financial service company registered in the Seychelles islands, Yucheng International, has agreed to acquire the 64.15 percent stake held by Pegasus Footgear Management in its shoe factory in Guangzhou, Pegasus International Holding, subject to various conditions. It would subsequently make a bid for the remaining shares of ...
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Shoes.com has acquired Richer Poorer, the Los Angeles-based brand of...
Shoes.com has acquired Richer Poorer, the Los Angeles-based brand of lifestyle socks. The footwear and apparel e-tailer said the acquisition is part of its plan to expand its offering into the accessories and apparel categories. Richard Poorer was founded in 2010 in Southern California. Since then the men's sock category ...
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Genesco has announced that its Canadian subsidiary has entered into...
Genesco has announced that its Canadian subsidiary has entered into an agreement with the Aldo Group to acquire Little Burgundy, a retail footwear chain in Canada that is similar to its own Journeys chain of 800-plus stores in the U.S. The terms of the transaction were not disclosed and are ...
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CCMP Capital Advisors has completed the acquisition of a controlling...
CCMP Capital Advisors has completed the acquisition of a controlling interest in Shoes For Crews, a specialist in slip-resistant footwear. The Smith family, the company's founders, will rollover a portion of their equity as part of the transaction. Founded in 1984, Shoes For Crews produces footwear which is supposed to ...
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Dune has reached an agreement with Royal Bank of Scotland...
Dune has reached an agreement with Royal Bank of Scotland that will result in a multi-million pound working capital package. The bank is providing a rolling credit facility that is supposed to give the British footwear and accessories retailer the flexibility to support the growth of its multichannel solutions, its ...
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A South African fashion retailer, Truworths, has confirmed that it...
A South African fashion retailer, Truworths, has confirmed that it is discussing the possible acquisition of Office, the 150-store shoe retail chain based in the U.K. It did not confirm media speculation about a possible purchase price of around £300 million (€400.6m-$456.6m), double the valuation reportedly given to Office ...
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News briefs
Ferro Footwear has been assigned to handle pending orders for...
Ferro Footwear has been assigned to handle pending orders for Wansinger BV, formerly called Intermedium Shoes, because the company was unable to fulfill them. The Dutch company filed for bankruptcy on Sept. 22, closing its office and its website as it had no way to continue its business. SWDV, which ...
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News briefs
The Fashion Market, which took over the 24 Scapino stores...
The Fashion Market, which took over the 24 Scapino stores operated in Belgium by Macintosh Retail Group one year ago, has filed for insolvency. The trustees have already stopped all the store leases of the Belgian retail group, which wanted to create a big discount chain for shoes and apparel.
