News Briefs – Page 50
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News briefs
Lotto Sport Italia and Stonefly, which share some common ownership,...
Lotto Sport Italia and Stonefly, which share some common ownership, have been studying a possible integration of some of their operations, ranging from the supply chain to the retail network. It seems that the plan could come to fruition in terms of back-office operations during the first half of 2016. ...
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News briefs
Bata India has announced that Way Finders Brands has become...
Bata India has announced that Way Finders Brands has become a wholly-owned subsidiary of the company. Way Finders Brands will trade in footwear, apparel and accessories in the wholesale and B2B segments. Bata India's urban wholesale division consists of around a dozen warehouses across the country. The division sells brands ...
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News briefs
Delcam Orthotic Insole Solutions has changed its name to Autodesk...
Delcam Orthotic Insole Solutions has changed its name to Autodesk Footwear. The ranges of products previously named Delcam Crispin and Delcam Custom Orthotic Insoles have been combined under the Autodesk Footwear brand. Autodesk Footwear will be fully focused on supporting designers and manufacturers of all types of footwear. The footwear team ...
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News briefs
Ara Shoes plans to eliminate nearly 100 of the 380...
Ara Shoes plans to eliminate nearly 100 of the 380 jobs at its head office in Langenfeld, citing declining demand in some markets and a generally challenging retail environment. The remaining serial manufacturing at the site will be phased out, and the production will be limited to the development of ...
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News briefs
Marc Shoes, which was taken over by Thomas Bauerfeind's Berkemann...
Marc Shoes, which was taken over by Thomas Bauerfeind's Berkemann Group five years ago, plans to shut down Marc's office at Hessisch-Oldendorf, which employs 27 people in administration and logistic. Out of them, 20 have received offers for relocation to another site.
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News briefs
Wortmann has opened a special new head office in Detmold,...
Wortmann has opened a special new head office in Detmold, called “The Loft,” created out of an old warehouse with an investment of more than €5 million. It has a total area of 2,800 square meters, divided into three sections and including a 600-square-meter showroom. The space and the interior ...
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News briefs
Camargo Correa, the largest shareholder of Alpargatas with a stake...
Camargo Correa, the largest shareholder of Alpargatas with a stake of more than 44 percent, has indicated that it may sell some or all of its shares to another party, responding to interest expressed by potential investors in the parent company of Havaianas and other brands. Two international investment funds, ...
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News briefs
Yoox and Net-a-Porter have completed their merger into the Yoox...
Yoox and Net-a-Porter have completed their merger into the Yoox Net-a-Porter Group, creating a new online luxury fashion group with an annual turnover of €1.3 billion. Synergies will be obtained in logistics and other operations, but the two sites will continue to be managed independently. Alison Loehnis, former president of ...
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News briefs
Genesco's board of directors has authorized the buyback of up...
Genesco's board of directors has authorized the buyback of up to $100 million worth of treasury shares in the American shoe retail company, replacing the balance of $75 million from a former repurchase program authorized in 2013.
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News briefs
Chaussures Noël of France has sold its Sledgers brand of...
Chaussures Noël of France has sold its Sledgers brand of men's shoes to a shoemaker in the Philippines, Primer, and is reportedly negotiating the disposal of its military boot business and its remaining French factory at Argueyrolles. As previously reported, Noël has already transferred its Umbro license to Groupe Royer. ...
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News briefs
Jacobson Group has obtained funding of £14 million (€19.3m-$21.6m) from...
Jacobson Group has obtained funding of £14 million (€19.3m-$21.6m) from Shawbrook Business Credit to help boost its international expansion, focusing mainly on Europe, the Middle East and the Far East. The group's brands include Gola, Frank Wright, Ravel, Lotus and Dolcis.
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News briefs
William Wong, the Chinese entrepreneur who started the Italian Fashion...
William Wong, the Chinese entrepreneur who started the Italian Fashion Galleria project in Chengdu in 2009, has decided to close all its six multi-brand shoe shops in the city after mounting losses. He is blaming high real estate costs, softer consumption trends and lack of support from Italian brands. Wong ...
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News briefs
Kat Maconie, the British shoe designer, says she has received...
Kat Maconie, the British shoe designer, says she has received a “significant investment” from her Chinese licensing partner, Phoenicia International Trading. She declines to specify the conditions but says she continues to hold a majority share in her company. A British venture capital fund had already invested in her firm ...
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News briefs
Padders, the British brand of comfort shoes, has restarted U.K....
Padders, the British brand of comfort shoes, has restarted U.K. production on a Desma direct injection machine that had been left dormant prior to a change of ownership and management 18 months ago, starting with a line of waterproof walking shoes. It has yet to reach its capacity of 3,000 ...
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News briefs
Lir, the investment vehicle of Mario Moretti Polegato, is considering...
Lir, the investment vehicle of Mario Moretti Polegato, is considering new acquisitions. With a capital basis of around €370 million, Lir is the parent company of Geox and Diadora, which are both performing better than before. The idea is to acquire fashion-oriented companies that focus on innovation and have potential ...
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News briefs
Kering might soon be selling Sergio Rossi to Investindustrial, the...
Kering might soon be selling Sergio Rossi to Investindustrial, the Italian holding company led by Andrea Bonomi. According to Bloomberg, the Italian businessman is in advanced talks with the French group to buy the luxury shoemaker. The acquisition of Sergio Rossi might help Investindustrial create a luxury section within the ...
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News briefs
The board of Skechers USA has decided to implement a...
The board of Skechers USA has decided to implement a three-for-one stock split on Oct. 15, subject to shareholders' approval at its annual meeting on Sept. 24. The price of its shares nearly tripled in the past 12 months. At its stock market close of $142.73 yesterday, it gave the ...
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News briefs
A fire broke out on July 22 in the factory...
A fire broke out on July 22 in the factory of Erich Rohde in the German town of Schwalmstadt, which handles product development, but only the building was damaged. No one was injured. Estimating the damages at around €20,000, Harald Neisser, the recently appointed chief executive of Rohde, assured us ...
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News briefs
Josef Seibel has sold its remaining holdings in the Leiser...
Josef Seibel has sold its remaining holdings in the Leiser group of shoe stores to its general manager, Steffen Liebich, who has been running the previously insolvent company for the past three years, restructuring it with a focus on finance and personnel. Josef Seibel, which owns the eponymous brand and ...
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News briefs
Duca del Cosma, the German brand of golf and golf-inspired...
Duca del Cosma, the German brand of golf and golf-inspired shoes and clothing, has filed for insolvency proceedings in a court at Landshut. Plans are to stabilize the financial situation and to look for professional investors with the help of Advantum Corporate Finance. The brand was launched in 2004 by ...
