News Briefs – Page 68
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News briefs
The ANWR Group aims to take over 100 percent of...
The ANWR Group aims to take over 100 percent of the shares of Garant Schuh + Mode through a squeeze-out process. The German-based retail cooperative, based at Mainhausen near Frankfurt, currently holds 90.42 percent of the shares of its German subsidiary Garant Schuh + Mode, which is based in Düsseldorf. ...
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News briefs
LVMH is set to acquire one of its major suppliers...
LVMH is set to acquire one of its major suppliers of leather, Tanneries Roux of France, which has been working for group brands such as Louis Vuitton, Loewe and Céline. Founded in 1803, it is based in the French shoe city of Romans, specializing in calf leather. Last year it ...
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News briefs
The Turkish group Ziylan has confirmed its previously reported takeover...
The Turkish group Ziylan has confirmed its previously reported takeover of the Lumberjack brand from the Italian 3A Antonini group. Ziylan already had the rights to produce and distribute Lumberjack in Turkey starting with the 2012 fall/winter collection. The Turkish group is due to hold a press conference in Milan ...
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News briefs
Outlast Technologies, the U.S.-based specialty company for so-called phase change...
Outlast Technologies, the U.S.-based specialty company for so-called phase change materials, has new owners: The investment company Golden Equity Investments based in Colorado as well. It is a relatively new private equity investor specializing in small and medium-sized companies that have their strengths in technologies for any industry and that ...
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News briefs
A large South Korean conglomerate, E-Land, is preparing a bid...
A large South Korean conglomerate, E-Land, is preparing a bid to acquire Collective Brands for $1.8 billion, together with institutional investors, according to the Bloomberg news agency, but it may not be the only candidate to the acquisition. Collective has been on the market since last August, and other companies ...
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News briefs
Procalçado, a Portuguese manufacturer of shoe components, has broken ground...
Procalçado, a Portuguese manufacturer of shoe components, has broken ground for the construction of two new production units. The company employs 300 people and generates an annual turnover of €20 million, half of which goes into foreign markets.
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News briefs
Josef Biller, a former chief operating officer of Zalando, is...
Josef Biller, a former chief operating officer of Zalando, is heading up 21Diamonds, a new online jewelry shop in Germany. One of the shareholders is Rocket Internet, the investment company of the Samwer brothers that is also a shareholder in Zalando.
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News briefs
Milan's town hall is ready to study the possibility of...
Milan's town hall is ready to study the possibility of partially privatizing Galleria Vittorio Emanuele II, a covered shopping arcade built at the end of the 19th century in the heart of the city, next to the famous cathedral. Fondazione Altagamma, an association grouping luxury brands including Tod's and Salvatore ...
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News briefs
A tannery in Arzignano, Northern Italy, reportedly caught fire on...
A tannery in Arzignano, Northern Italy, reportedly caught fire on the morning of April 1. It is run by Cadore, a producer of leather for footwear, furniture, automotive upholstery and other leather goods. An area used to store finished leather was the center of the blaze in the 4,000-square-meter facility. ...
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News briefs
SABU and Intersport Deutschland, which own RSB Retail+Service Bank, have...
SABU and Intersport Deutschland, which own RSB Retail+Service Bank, have decided to raise its share capital by €4 million to €12 million. They say the move is intended to cope with an increased volume of centralized settlements and rising demand for credit from their affiliated shoe, sports and apparel retailers. ...
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News briefs
Heelys is closing down its European office in Belgium and...
Heelys is closing down its European office in Belgium and transferring most of the business to its French and German offices. Finance will be handled directly from the U.S. In the fourth quarter ended Dec. 31, the American brand of wheeled footwear reduced its operating losses by 41 percent and ...
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News briefs
Kenneth Cole Productions has chosen BofA Merrill Lynch to be...
Kenneth Cole Productions has chosen BofA Merrill Lynch to be its adviser as it considers the possibility of going private as suggested by the company's founder. Kenneth Cole has offered to buy the 53 percent stake in the company that he doesn't already own for $15 per share. The special ...
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News briefs
Shoon Limited, the family-owned British shoe and apparel retailer, has...
Shoon Limited, the family-owned British shoe and apparel retailer, has gone into administration, close on the heels of the previously reported bankruptcy of Barratts Priceless. Schoon, which had the distribution of Ecco shoes in the U.K. for a while many years ago, was reportedly unable to dispose of some of ...
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News briefs
Some unnamed investment funds are studying the possible takeover of...
Some unnamed investment funds are studying the possible takeover of the shoe retail operations of Vivarte – trading under banners such as André, Besson, Beryl, Cosmos, La Halle aux Chaussures, Minelli and San Marina – according to a French textile magazine, Journal du Textile. The shoe retailing division of the ...
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News briefs
New unnamed investors have taken over Tacco Footcare, the German...
New unnamed investors have taken over Tacco Footcare, the German shoe care company, putting an end to its financial problems. A new company, called Tacco Footcare International and employing around 100 people, is carrying on the business under the management of Wolf-Rüdiger Pietsch. It will remain based at Oerlinghausen. Tacco ...
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News briefs
Alberta Investment Management Corporation has partnered with Callisto Capital to...
Alberta Investment Management Corporation has partnered with Callisto Capital to acquire a controlling interest in Town Shoes Limited, Canada's leading branded specialty footwear retailer. Town Shoes' founding Simpson family will retain a significant continuing interest in the company, and Alan Simpson and the current management team will continue to run Town. ...
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News briefs
Sixty Group, which sells jeans, shoes and other products under...
Sixty Group, which sells jeans, shoes and other products under various brand names including Miss Sixty, Killah and Energie, has a new business plan that involves the elimination of 183 jobs in Italy in order to bring the company back to a profit by 2015. The company wants to reorganize ...
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News briefs
The Jones Group is serious about becoming a global fashion...
The Jones Group is serious about becoming a global fashion company, setting up its own fashion office with its own leadership. Wendy Hirschberg Clurman is the vice president and fashion director for Jones New York; Amanda Ross is the consulting fashion director of Anne Klein; and Danielle de Marne is ...
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News briefs
Keen has bought a building in Portland, Oregon, that it...
Keen has bought a building in Portland, Oregon, that it plans to turn into its new headquarters. The new space has a total of 50,000 square feet on five floors. The ground floor comprises 6,000 square feet of retail space, and the upper four floors each offer 10,000 square feet ...
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News briefs
A Bloomberg report indicates that Collective Brands has narrowed down...
A Bloomberg report indicates that Collective Brands has narrowed down from 20 to 10 the list of candidates to the acquisition of the whole group or some of its components, such as its loss-making international chain of shoe stores, Payless ShoeSource, or top-performing brands such as Saucony, Stride Rite and ...
