News Briefs – Page 60
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News briefs
One Distribution, the producer of Supra footwear, has opened a...
One Distribution, the producer of Supra footwear, has opened a new sourcing and development facility in Dongguan, China. The new 3,000-square-foot office facility has a staff of 17 and is headed by Udi Shiloah, Supra's vice president of footwear, who has moved to China to supervise operations. ODR will oversee ...
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Anders Holch Povlsen, owner of the Danish Bestseller Group, has...
Anders Holch Povlsen, owner of the Danish Bestseller Group, has bought a 10 percent share in Zalando, the German-based e-commerce portal. He has purchased the shares of several early-stage shareholders like the European Founders Found (EFF), Holtzbrinck and Tengelmann. The Bestseller Group, which owns brands like Jack & Jones, Vero ...
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The owners of Neiman Marcus, a group of private equity...
The owners of Neiman Marcus, a group of private equity investors led by TPG and Warburg Pincus, have agreed to sell the luxury retail chain to Ares Management LLC and Canada Pension Plan Investment Board (CPPIB), in a deal worth $6 billion. TPG and Warburg Pincus paid about $5.1 billion ...
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Obuv Rossii (Shoes of Russia) has consolidated its assets and...
Obuv Rossii (Shoes of Russia) has consolidated its assets and established a joint stock company, in view of the planned growth of its business. Obuv Rossii, which manages the retail footwear chains Westfalika and Peshekhod as well as the fashion brand Emilia Estra, is said to be among the top ...
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Sergio Rossi is reportedly for sale. According to the Italian...
Sergio Rossi is reportedly for sale. According to the Italian daily Il Sole 24 Ore, Kering, the French luxury conglomerate formerly known as PPR, has given a mandate to Mediobanca to sell the famous shoe brand. Sergio Rossi, whose models have been worn by international stars such as Gwyneth Paltrow ...
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Birkenstock is reportedly planning to double its production by 2020....
Birkenstock is reportedly planning to double its production by 2020. In order to reach this ambitious objective, Birkenstock plans to move its subsidiary Alsa, manufacturer of soles for running shoes and insoles, to the German town of Görlitz, where the subsidiary has had a branch office since 2009. Birkenstock acquired ...
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Church & Co has announced plans to expand its production...
Church & Co has announced plans to expand its production capacity in Northampton, where it has been based for 140 years, in order to meet growing demand from overseas. The British traditional footwear maker, which is owned by the Italian luxury group Prada, has signed a deal with local authorities ...
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There is increasing evidence that Wolverine Worldwide will shut down...
There is increasing evidence that Wolverine Worldwide will shut down the European office of Collective Brands in the Netherlands, which currently employs about 100 people. Noting that the integration process in the Europe, Middle East and Africa (EMEA) region is going well, company officials recently told us that they have ...
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Heelys is undergoing a makeover under the ownership of Sequential...
Heelys is undergoing a makeover under the ownership of Sequential Brand Group, which acquired the brand of wheeled footwear at the beginning of this year. A TV commercial due to be broadcast in October in the Americas as well as in Europe and Asia will mark the launch of a ...
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Steve Madden's board of directors has declared a three-for-two stock...
Steve Madden's board of directors has declared a three-for-two stock split. This will entitle all shareholders registered as of Sept. 20 to get one extra share in the company for every two shares held on that date. The number of outstanding shares will thus increase to about 68.8 million from ...
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Collonil, the German supplier of shoe polish, has invested in...
Collonil, the German supplier of shoe polish, has invested in a new logistics center in Mühlenbeck, near Berlin, from where it plans to take care of about 2,000 orders per day, to be delivered to about 100 markets worldwide. With the opening of the new distribution center, 30 to 60 ...
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Jones Group has reportedly asked Citiground to explore a possible...
Jones Group has reportedly asked Citiground to explore a possible sale of the company, which controls Nine West and Stuart Weitzman, among various other properties in the shoe segment. According to Reuters, the company may also disinvest some of its brands.
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The shareholders of Allen Edmonds Shoe Corporation have hired an...
The shareholders of Allen Edmonds Shoe Corporation have hired an adviser, Robert W. Baird & Co., to look for new investors. According to Reuters, they would like to sell the company for between $150 million and $200 million. A private equity firm, Goldner Hawn Johnson & Morrison, had acquired a ...
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Masai International reports that Switzerland's highest court has fully rejected...
Masai International reports that Switzerland's highest court has fully rejected any further challenges to its purchase of MBT. Two lower courts had already ruled in favor of the company's new owner, the Singapore-based Andy Chaw, and against plaintiffs such as the founder of the brand, Karl Müller senior. Chaw has ...
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Wolverine Worldwide has declared a two-for-one stock split, with effect...
Wolverine Worldwide has declared a two-for-one stock split, with effect from Nov. 1. The directors of Wolverine also declared a quarterly cash dividend of 6 cents per share.
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News briefs
GMS, the German buying group, which has already expanded to...
GMS, the German buying group, which has already expanded to the Netherlands, Belgium and Austria, recently entered the Italian market. On July 18, centralized settlements were assumed for the first Italian retailer, based in the town of Meran near the Austrian border.
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News briefs
Native Shoes, the Vancouver-based brand known for its lightweight EVA...
Native Shoes, the Vancouver-based brand known for its lightweight EVA footwear, has been acquired by Scott Hawthorn, one of its original founders, along with a small group of private investors. Hawthorn, who was already the acting chief executive, has moved to the position of full-time chief executive as a result ...
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News briefs
Footwear manufacturers in the Chinese city of Wenzhou have seen...
Footwear manufacturers in the Chinese city of Wenzhou have seen a general decline in profit, according to reports in The China Daily. Zheng Shili, general manager of Wenzhou Golden Emperor Shoes in the Zhejiang province, told the newspaper that overseas orders have continued to diminish as a consequence of lower ...
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According to the international news site Leatherbiz, a Chinese firm...
According to the international news site Leatherbiz, a Chinese firm is building a footwear factory in the Dadi district of Nigeria and is looking to recruit 5,000 locals to man it. A number of Chinese footwear groups are moving production to Africa to take advantage of proximity to raw materials, ...
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Implus has announced the acquisition of the shoe care, insole,...
Implus has announced the acquisition of the shoe care, insole, and shoe lace assets of the Pennsylvania-based Penguin Brands, one of Implus' major competitors in the shoe care category. Implus' family of brands also includes Sof Sole, Yaktrax, Apara, Airplus, Sneaker Balls, Sof Comfort, Little Hotties, Perfect Fitness and ICETrekkers. For ...
