News Briefs – Page 44
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News briefs
A court in Marburg opened insolvency proceedings on Jan. 1...
A court in Marburg opened insolvency proceedings on Jan. 1 for Erich Rohde, the venerable German shoe company, confirming Frank Schmitt as receiver. He has already started discussions with potential new investors. Under his management, about 40 of Rohde's 138 employees have already been dismissed since the company requested bankruptcy ...
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Marc Fisher Footwear has bought Easy Spirit, the comfort shoe...
Marc Fisher Footwear has bought Easy Spirit, the comfort shoe brand of Nine West Holdings, from Sycamore Partners, which had acquired Nine West's parent company, the Jones Group, in 2014. Marc Fisher, who has been in the shoe business for more than 30 years, worked for Easy Spirit under his ...
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People Group, a big Chinese group that makes and sells...
People Group, a big Chinese group that makes and sells shoes, handbags and accessories, has acquired Fornarina through a company based in Hong Kong, Bright Fame Holdings. Based in the Marche region of Italy, Fornarina, which was one of the first Italian shoe and apparel companies to do business in ...
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The share price of Tod's went up by nearly 13...
The share price of Tod's went up by nearly 13 percent yesterday after the reported acquisition of a 3 percent stake in the company by an Italian fund managed by Andrea Bonomi, who also has investments in Sergio Rossi, Artsana and other Italian medium-sized companies.
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An unnamed investor has reportedly acquired a major shareholding in...
An unnamed investor has reportedly acquired a major shareholding in Budapester, a German online and offline retailer of luxury shoes and handbags, giving the company a valuation of €10 million. The business plan calls for an expansion of the offering and the launch of dedicated websites for the markets of ...
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Local reports indicate that an Italian entrepreneur, Enrico Rossi, is...
Local reports indicate that an Italian entrepreneur, Enrico Rossi, is planning to open a new shoe factory in Serbia in the autumn of this year, employing 600 people, through a company called East West. Enrico Rossi and his brother Romano already operate in Serbia through another firm, Progetti, that makes ...
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Flojos has been acquired by The Courtney Group, a private...
Flojos has been acquired by The Courtney Group, a private equity firm based in Newport Beach, California, for an undisclosed amount. The Courtney Group has purchased the family-owned brand of rubber sandals from Nellie and Sheng Yen Lin, a married couple. John Dickinson, who is also a stakeholder in the label, ...
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Alpargatas is reportedly planning to close two small factories in...
Alpargatas is reportedly planning to close two small factories in Argentina that employ around 70 people. The shutdown is said to be related to new import policies for footwear that make it easier for the Brazilian company to supply the Argentinian market from Brazil.
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A big Brazilian manufacturer, Usaflex, is planning to open two...
A big Brazilian manufacturer, Usaflex, is planning to open two new shoe factories employing 2,000 people in the state of Rio Grande do Sul. Founded in 1998 and specializing in comfort and fashion shoes, the company already employs 2,800 people at seven other facilities in the state which have a ...
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Kindy, the French company that owns the Catimini and GBB...
Kindy, the French company that owns the Catimini and GBB brands of children's shoes, is in an active phase of discussions with potential investor in a bid to boost its equity and avoid bankruptcy proceedings. The company, which also produces socks under various brand names, is said to be affected ...
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Wolverine Worldwide announced a few weeks ago the sale of...
Wolverine Worldwide announced a few weeks ago the sale of Robeez, the premium brand of soft-soled footwear for babies and toddlers, which belonged to its Stride Rite subsidiary, but it did not disclose the identity of the buyer. Now it is known that Robeez' new owner is McCubbin Hosiery, an ...
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Together with the two other footwear brands of the recently...
Together with the two other footwear brands of the recently formed Rockport Group – Aravon and Dunham - Rockport is moving its global corporate headquarters from Canton, Massachusetts to another town in the Greater Boston Area. The new head office of the group is located in West Newton and offers ...
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Jamie Cygielman has been appointed from Jan. 3 as executive...
Jamie Cygielman has been appointed from Jan. 3 as executive vice president and chief marketing officer at Iconix Brand Group, the U.S. company that has rights to brands from Umbro to Danskin, Starter, Pony and Ocean Pacific. She joins after marketing and business development functions at companies such as The ...
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Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike &...
Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike & Trekking, The Right Size and other Dutch trade magazines are been published by a new company, 333 Media, following the bankruptcy in November of Maruba Sports & Travel Publishers. The new company was started by Maas van Drie, former owner ...
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Strauss Innovation, a German chain of variety stores with 57...
Strauss Innovation, a German chain of variety stores with 57 locations and about 570 employees in the country, plans to gradually phase out its operations by the end of February, after failing to find an investor. It filed for insolvency in Düsseldorf for the third time on Sept. 22.
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Giggs, a German online retailer specializing in children's shoes, will...
Giggs, a German online retailer specializing in children's shoes, will be liquidated by the end of this year. Giggs sent out a letter informing its suppliers on Dec. 14. All orders for the spring/summer 2017 collections have been cancelled. Current contracts with suppliers were terminated with immediate effect. Giggs belongs ...
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Tod's confirmed plans to build a new plant at Arquata...
Tod's confirmed plans to build a new plant at Arquata del Tronto, a village of the Marche region that was severely damaged by two earthquakes on Aug. 24 and Oct. 30. Former Prime Minister Matteo Renzi had already announced in October the company's intention to invest in the area. On ...
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Five trade unions that represent employees of Vivarte have booked...
Five trade unions that represent employees of Vivarte have booked a meeting with government officials on Jan. 5 to air their complaints and their worries about deeper cuts to the workforce of the big French apparel and footwear retailing group, whose banners include big shoe retail chains such as André, ...
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Payless Shoes, one of Australia's largest independent shoe retailers, has...
Payless Shoes, one of Australia's largest independent shoe retailers, has announced it will close 132 stores across the country. James Stewart, Jim Sarantinos and Peter Gothard were appointed to manage the company as administrators in November. Despite expressions of interest from various parties, in the end there were no acceptable ...
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Riccardo Grande Stevens, well known in Italy for being the...
Riccardo Grande Stevens, well known in Italy for being the son of Franzo Grande Stevens, the lawyer of the Agnellis who arranged many contracts for their Fiat group, is launching a new brand of high-end shoes called Steve's. The line will include men's classic footwear, with leather or rubber soles, as ...
