News Briefs – Page 56
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Pou Chen, the world's largest shoe manufacturer and parent company...
Pou Chen, the world's largest shoe manufacturer and parent company of Yue Yuen, is said to be planning to set up its first factory in Myanmar, the former Birmania, with an investment of around US$100 million. Located near the country's capital, Yangon, it would have an annual capacity for nine ...
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SC Johnson plans to close Melvo's factory in Ludwigsburg, Germany,...
SC Johnson plans to close Melvo's factory in Ludwigsburg, Germany, in June 2015. The shutdown would affect 150 employees. Melvo's operations are set to be integrated into SC Johnson's wider range of shoe care products.
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PLDT, the telephone company in the Philippines, is paying the...
PLDT, the telephone company in the Philippines, is paying the equivalent of €333 million to acquire a 10 percent stake in Rocket Internet, with the idea of jointly developing new technologies for mobile and online payments for the developing countries. Founded by the three Samwer brothers in 2007, Rocket Internet ...
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Bain Capital and Apax Partners are preparing to make bids...
Bain Capital and Apax Partners are preparing to make bids for Toms Shoes in the final round of negotiations over the company's sale, according to The Financial Times of London. They are said to be offering to pay between $600 million and $700 million to the company's founder, Blake Myckoskie. ...
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RG Barry's shareholders are set to vote on Sept. 3...
RG Barry's shareholders are set to vote on Sept. 3 on the proposal made by Mill Road Capital to take over the company, known for its Dearfoams slippers and other products. Mill Road has proposed to pay $19 a share for RGB, or a total of about $212 million. Mill ...
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Payless ShoeSource, the big American shoe retail chain that was...
Payless ShoeSource, the big American shoe retail chain that was formerly owned by Collective Brands, has sold Airwalk to Authentic Brands Group (ABG), along with three other brands – Hind, Vision Street Wear and Above the Rim – that had not been taken over by Wolverine Worldwide from Collective at ...
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Wolverine Worldwide has signed a lease for 150,000 square feet...
Wolverine Worldwide has signed a lease for 150,000 square feet of space in a new complex at Waltham, Massachusetts, near Boston, to house the management and administration of the Sperry Top-Sider, Saucony, Keds, and Stride Rite bought in 2012. They were previously located at Lexington, another town in the region.
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Moody's has upgraded the corporate rating of Wolverine Worldwide from...
Moody's has upgraded the corporate rating of Wolverine Worldwide from Ba3 to Ba2. The rating agency has indicated that Wolverine is running fewer credit risks as its net debt has fallen below $900 million, the lowest level since its acquisition of the Sperry Top-sider, Keds, Stride Rite and Saucony from ...
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Birkenstock has informed customers that there could be delays in...
Birkenstock has informed customers that there could be delays in deliveries because of a sudden sales boom, particularly in the U.S. and other countries. As a result, Birkenstock's Alsa subsidiary will not transfer the production of footbeds and soles from Steinau-Uerzell to another site in Görlitz, as it had originally ...
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Sarenza, the profitable French e-tailer specializing in high-margin shoes, has...
Sarenza, the profitable French e-tailer specializing in high-margin shoes, has reportedly obtained a new round of financing worth €74 million, largely reserved to two investment funds, LHD and BPI France, and a couple of private investors. Stéphane Treppoz and Hélène Boulet-Supau, who together hold 72 percent of the equity, would ...
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Italia Holding Moda (IHM), the company recently set up by...
Italia Holding Moda (IHM), the company recently set up by Cleto Sagripanti with a partner to acquire and develop small and promising brands of Italian-made footwear and accessories, is about to take over another shoe company, says his sister Lara, confirming a report. IHM is already owns two other footwear ...
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Hardy Capital Partners and some prominent Canadian investors have acquired...
Hardy Capital Partners and some prominent Canadian investors have acquired a couple of online stores for footwear. They have bought OnlineShoes.com, a relatively old and profitable virtual shoe shop based in Seattle, and ShoeMe.ca, a virtual shoe retailer across the U.S.-Canadian border in Vancouver. Together, the two online retailers are ...
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LaCrosse Footwear has acquired White's Boots, another American company that...
LaCrosse Footwear has acquired White's Boots, another American company that makes custom-made boots for logging and other commercial applications at its own factory in Spokane, Washington. The new owner will keep the factory and the store of the brand, where consumers can watch the manufacturing process. It will also retain ...
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ISA TanTec, a German-owned tannery supplying top footwear brands globally,...
ISA TanTec, a German-owned tannery supplying top footwear brands globally, is setting up its first leather manufacturing facility in the U.S. The site will be located in Vicksburg, Mississippi and the project will be known as Mississippi TanTec Leather. ISA TanTec currently has operations in Saigon, Vietnam and Heshan City, ...
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Start-rite Shoes, the British children's shoe company, is said to...
Start-rite Shoes, the British children's shoe company, is said to be trying to raise additional capital to help fund its foreign expansion. Spayne Lindsay has been hired to look for an investor. According to Footwear Today, the company improved its sales to more than £24 million (€30.35m-$41.05m) last year and its ...
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Members of the Migliorati and Modali families have secured ownership...
Members of the Migliorati and Modali families have secured ownership of the Fly Flot brand name at an auction of the assets of the former parent company that they controlled, Lones. They have not taken over the debt of the bankrupt Italian company, but they have bought its machinery and ...
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Vivarte, the big French retail group involved in shoes and...
Vivarte, the big French retail group involved in shoes and apparel, has persuaded 12 of its creditors to turn their debts into shares. The group hopes to extend the agreement to all its creditors before the end of this month. The program proposed by the management would reduce Vivarte's long-term ...
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Blake Mycoskie, who founded Toms Shoes in 2006, is looking...
Blake Mycoskie, who founded Toms Shoes in 2006, is looking for investors to take over his company, which may be worth as much as $600 million in spite of its generous “one for one” donations of shoes and eyewear, according to the Financial Times. The goal is to make the ...
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Twin-Set, an up and coming Italian fashion group targeting women...
Twin-Set, an up and coming Italian fashion group targeting women between the ages of 35 and 45, has bought an 80 percent stake in Jumping, a shoemaker located at Porto Sant'Elpidio in the Marche region, for about €2 million. Twin-Set acquired the stake from Massimo Stortini, who retains a 20 ...
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ANWR Group, the biggest German and European cooperative of independent...
ANWR Group, the biggest German and European cooperative of independent shoe retailers, has taken over Tom Holding, the holding company of Schuh and Sport Mücke Group, a Bavarian discount shoe and sporting goods retail chain, and its eleven stores in Bavaria. Schuh and Sport Mücke recorded sales of about €100 ...
