News Briefs – Page 42
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News briefs
After a strong 2016 with a turnover of €11.5 million,...
After a strong 2016 with a turnover of €11.5 million, the Swedish shoe manufacturer Kavat has invested in new, larger production facilities in Bosnia-Herzegovina. The company moved its 160 employees in July from the existing premises in Travnik into a new 5000-square-meter factory in Novi Travnik, 90 kilometers west of ...
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News briefs
Zalando continues its shopping spree with the takeover of yet...
Zalando continues its shopping spree with the takeover of yet another start-up, Anatwine. The European e-commerce giant first acquired a 20 percent stake in this British software firm in May, but announced in July that it was taking over the company entirely. The purchase price has not been made public. ...
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News briefs
Zalando and Bestseller United, a Danish clothing group, have entered...
Zalando and Bestseller United, a Danish clothing group, have entered into a joint venture agreement for the shared ownership of FashionTrade.com, the online fashion marketplace founded by Bestseller in 2015. Zalando enters into the joint venture with a capital increase at FashionTrade, which will boost the growth of the B2B ...
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News briefs
Yoox Net-a-porter (YNAP) has inaugurated a tech hub in London....
Yoox Net-a-porter (YNAP) has inaugurated a tech hub in London. Located in west London's White City, the hub has been designed by Nicholas Grimshaw, the architect behind the Eden Project domes in Cornwall. The 6,500-square-meter facility can host up to 650 IT experts, including the current 500 employees of the ...
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News briefs
Marcato Capital Management has issued an ultimatum to Deckers Brand...
Marcato Capital Management has issued an ultimatum to Deckers Brand to sell itself at an attractive valuation or face a battle to oust the entire board of directors. An activist investor from San Francisco, Marcato said in a letter in June that that it was concerned about what it called ...
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News briefs
Unsecured creditors of Payless Shoesource will collect €32.3 million from...
Unsecured creditors of Payless Shoesource will collect €32.3 million from Golden Gate Capital and Blum Capital to settle claims over dividends and fees of €400 million that the two private equity firms took from the bankrupt American discount shoe retail chain after its acquisition in 2012. In total, unsecured creditors ...
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News briefs
The Brantano chain in the U.K. has closed its remaining...
The Brantano chain in the U.K. has closed its remaining 69 stores, resulting in the dismissal of about 900 employees. The shoe retail chain went into administration, a form of bankruptcy, on March 22. Alteri, the chain's private equity owners, has said the company suffered from the sharp fall in ...
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News briefs
Deichmann is expanding its headquarters in Essen, adding a total...
Deichmann is expanding its headquarters in Essen, adding a total of 2,200 square meters on three floors. The new office, which will allow the German-based retail group to create 150 additional jobs, shall be finished in mid-2018 for a total investment of €6 million. Currently, 800 people are working for ...
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News briefs
Vans has announced it has moved its headquarters from Cypress,...
Vans has announced it has moved its headquarters from Cypress, California to a new building in Costa Mesa, California, 13 miles away. The move was first announced in June 2015. The new building is environmentally-friendly and larger than the previous headquarters. The facility features a solar panel array on the ...
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News briefs
The French Vivarte group has sold Kookaï, a big chain...
The French Vivarte group has sold Kookaï, a big chain of discount apparel shops, to an Australian company, Magi, that runs 39 Kookaï shops in its country. Vivarte's top management says it plans to examine any offers for two others of its assets – the André chain of shoe shops ...
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News briefs
After an investment of €9 million, Paraboot has officially inaugurated...
After an investment of €9 million, Paraboot has officially inaugurated its new French factory at Saint-Jean-de-Moirans, covering 11,000 square meters, with a production capacity of 120,000 pairs of Goodyear and Norwegian Goodyear welted shoes per year. It has taken the place of two older factories in the same region, which ...
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News briefs
Tati, the French cut-price shop, is to be sold to...
Tati, the French cut-price shop, is to be sold to Gifi. The verdict was handed down by the appeals court of Bobigny on June 26. Eram had announced earlier this year that it had decided to sell Agora Distribution, the loss-making unit which owned Tati and other brands including Fabio ...
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News briefs
Giannico has chosen Roveda, the footwear manufacturer based in Parabiago,...
Giannico has chosen Roveda, the footwear manufacturer based in Parabiago, near Milan, to make its shoes. Roveda, owned by Chanel, will make Giannico's shoes starting with its spring/summer 2018 collection. The Giannico shoe brand was launched by Nicolò Beretta in 2013. Its first collection was presented at the fashion weeks ...
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News briefs
Wolverine Worldwide is going ahead with its slimming-down program by...
Wolverine Worldwide is going ahead with its slimming-down program by licensing out its Stride-Rite brand of children's shoes. After closing all its Stride-Rite retail stores, it has signed a global, long-term license for the brand with Vida Shoes International, a company that runs a portfolio of more than a dozen ...
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News briefs
Eurazeo has launched Eurazeo Brands, a new division with the...
Eurazeo has launched Eurazeo Brands, a new division with the objective of expanding Eurazeo's involvement in fashion. The French private equity firm already has stakes in fashion companies including Desigual, Moncler, Farfetch and Vestiaire Collective. Eurazeo Brands will be its fifth division. The new division will be endowed with an ...
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News briefs
Fornarina has inaugurated a new showroom in Hong Kong, inside...
Fornarina has inaugurated a new showroom in Hong Kong, inside the Silvercord Building. Fornarina was acquired by Bright Fame Holdings, based in Hong Kong, last November. The new showroom is part of the brand's expansion plans in the Asia-Pacific region. Fornarina generates 35 percent of its revenues in Italy and ...
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News briefs
Browns Shoes has invested in a new order management system...
Browns Shoes has invested in a new order management system (OMS) – the OrderDynamics OMS – to boost efficiency with ship-from-store services and enhance its omnichannel capabilities. Founded in Montreal in 1940, Brown Shoes now owns and operates more than 60 stores throughout Canada, in addition to a strong e-commerce presence.
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News briefs
Zalando released details of a planned new €30 million logistics...
Zalando released details of a planned new €30 million logistics center in Sweden. Located in Brunna near Stockholm, the distribution center will be operational by the end of the year, with up to 300 employees. The goal is to significantly reduce the time required fopr deliveries of parcels in all ...
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News briefs
The Samwer brothers have sold a 3.8 percent share in...
The Samwer brothers have sold a 3.8 percent share in Zalando for approximately €375 million. The trio, who were the main investors in the European online retailer of fashion and sports apparel during the start-up phase, further reduced their stake to 4.99 percent. With the sale, a Scottish investment firm, ...
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News briefs
Giggs, a German online retailer specializing in children's shoes, has...
Giggs, a German online retailer specializing in children's shoes, has decided to close up shop, reportedly because more than 60 percent of the products ordered were being returned. Giggs was asking parents to take measurements of their children's feet before placing their orders.
