News Briefs – Page 57
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News briefs
We have already reported that Zalando may go public on...
We have already reported that Zalando may go public on the stock exchange. Rocket Internet, one of the major shareholders of Zalando and other fashion websites around the world, has now mandated three investment consultants - Berenberg, JP Morgan Chase and Morgan Stanley - to study the possibility of launching ...
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News briefs
R.G. Barry, the company behind Dearfoams slippers, has announced that...
R.G. Barry, the company behind Dearfoams slippers, has announced that it is evaluating an alternative to its planned merger with affiliates of Mill Road Capital, a private equity firm. The Ohio-based footwear and accessories company said a party it did not identify has made an offer to acquire all of ...
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News briefs
Ecco's chief executive, Dieter Kasprzak, may consider setting up a...
Ecco's chief executive, Dieter Kasprzak, may consider setting up a factory in Turkey in the future, according to local reports. The executive was recently on a visit to the country to talk about the Danish company's expansion at the retail level in Turkey, a market that has a potential for ...
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News briefs
Gerli, which holds the rights to the Dockers brand for...
Gerli, which holds the rights to the Dockers brand for footwear in Europe, opened its first office in Dongguan in China this month. The office will be used for the development of new collections, sourcing of material and processing of orders. Clients will be able to visit a showroom of ...
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News briefs
Confirming the expansion plans already mentioned by the management of...
Confirming the expansion plans already mentioned by the management of its parent company, Prada, Church & Co. has bought two pieces of land near its factory in Northampton to raise its manufacturing capacity from 250,000 to 300,000 pairs this year, creating 150 new jobs. The construction work is set to ...
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News briefs
According to German media reports, two foreign investors have shown...
According to German media reports, two foreign investors have shown interest in a possible takeover of Leder & Schuh, the Austrian parent company of Humanic, Stiefelkönig and other shoe retail chains, which is said to be facing a cash squeeze The reports indicate that its Austrian bankers have extended its ...
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News briefs
Fratelli Rossetti has halted the search for a financial partner...
Fratelli Rossetti has halted the search for a financial partner after a series of discussions. The Italian family-owned company was looking for a partner to help it to expand more quickly in foreign markets such as China. Its exports grew by 10 percent last year, representing about half of the ...
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News briefs
Louis Vuitton is considering expanding its shoe production capacity with...
Louis Vuitton is considering expanding its shoe production capacity with the opening of a plant in Italy, in 2015. As reported by Moda24, the new facility could be located in Tuscany.
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News briefs
LVMH might increase its stakes in R.M. Williams, the maker...
LVMH might increase its stakes in R.M. Williams, the maker of the jackaroo boots. The French luxury conglomerate acquired a 49.9 percent stake in the Australian brand last year and might be exploring the possibility of taking over the remaining 51.1 percent by the end of the year, according to ...
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News briefs
Aeffe - Alberta Ferretti shines on the stock market thanks...
Aeffe - Alberta Ferretti shines on the stock market thanks to the interest of private equity investors. The stock recorded a first boom last Apr. 30, with a 16.47 percent increase to reach €1.01, followed by another rise on May 2 to €1.15. The Italian fashion house is reportedly meeting ...
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News briefs
Totes Isotoner Corporation have been sold to Freeman Spogli &...
Totes Isotoner Corporation have been sold to Freeman Spogli & Co. and Investcorp for an undisclosed amount. The company was purchased from MidOcean Partners and Bruckmann Rosser Sherrill & Co. Founded in 1923 and headquartered in Cincinnati, Ohio, Totes Isotoner is the world's largest marketer of umbrellas, gloves, slippers and ...
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News briefs
DSW has acquired a 50 percent stake in Town Shows,...
DSW has acquired a 50 percent stake in Town Shows, the largest footwear and accessories retailer in Canada, for €50 million, with the option to buy additional shares in four years. Town Shoes, based in Toronto, posted sales of €195 million in its fiscal year ending January 2014. The company ...
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Founded by George Warren Brown in 1878 in St. Louis,...
Founded by George Warren Brown in 1878 in St. Louis, Missouri, Brown Shoe Co. was the 24th company to have been trading on the New York Stock Exchange for 100 years when its current chief executive, Diane Sullivan, rang its Closing Bell on April 23. The company celebrated the event ...
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News briefs
MyShoes changed its status to a Societas Europea (SE), or...
MyShoes changed its status to a Societas Europea (SE), or European corporation, in April 2014. The change is expected to facilitate cooperation across national borders for the subsidiary of Deichmann, which became an independent brand in the German market. MyShoes manages 30 stores, of between 400 and 600 sqm, in ...
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News briefs
Zalando became a limited liability corporation (AG) last December, but...
Zalando became a limited liability corporation (AG) last December, but it will again change its status to a Societas Europaea (SE), or European corporation, next summer. The change is expected to facilitate cooperation across national borders for this big and growing German-based internet retailer, which is still considering a public ...
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News briefs
L Capital Management and its sister fund L Capital Asia...
L Capital Management and its sister fund L Capital Asia have taken a 30-percent stake in Vicini, which owns Giuseppe Zanotti Design. Both private equity funds are backed by LVMH. Vicini owns 85 branded stores and exports more than 90 percent of its production. The Italian luxury shoe brand posted ...
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News briefs
The new management of Manas has filed a request for...
The new management of Manas has filed a request for temporary unemployment subsidies to cover the planned layoff of 22 of its 80 directly employed workers. Luciano Bagnobianchi, who took the place of Cleto Sagripanti last autumn as chief executive of the Italian company, declined to comment on the reasons ...
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News briefs
Ecco is not the only major footwear company boosting its...
Ecco is not the only major footwear company boosting its Portuguese manufacturing operations. Ara Shoes has invested more than €3 million in the purchase of a direct injection machine by Desma for its factory in Portugal and other operations, creating 50 new jobs and adding a capacity of more than ...
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The Hong Fu Footwear Group of Taiwan has opened three...
The Hong Fu Footwear Group of Taiwan has opened three factories in the Tambonil industrial zone of Santiago in the Dominican Republic. According to a press release issued by Taiwan's embassy in the Caribbean country and reported by The China Post, they are expected to produce one million pairs per ...
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Bondi Marketing, Dr. Martens' German distributor, which also takes care...
Bondi Marketing, Dr. Martens' German distributor, which also takes care of the Swiss and Austrian market, bought a new warehouse, to be used exclusively for Dr. Martens' shoe collections, at the beginning of this year. It also hired two new sales reps, following strong increases in sales and orders for ...
