News Briefs
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News briefs
HongShan Capital reportedly makes €2.5bn offer for Golden Goose
The Chinese fund HongShan Capital has made a €2.5 billion offer to buy Golden Goose, with the objective of signing a deal by Christmas, according to the Italian daily La Repubblica. If confirmed, the transaction would mark the fifth change of ownership in 12 years for the Italian sneaker ...
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News briefs
Next to increase its special dividend after a land sale
Next plans to increase its previously mentioned special dividend of about £3.10 (€3.5) per share by 45 pence (€0.51) after generating net cash proceeds of £54.1 million (€62m) from the sale of land near Waltham Abbey, England. In 2021, Next purchased land near Waltham Abbey with the intention of ...
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News briefs
OrthoLite opens a manufacturing site in North Vietnam
OrthoLite, the US-based supplier of sustainable open-cell foam insoles, announced the opening of a new manufacturing facility in North Vietnam. Located in the Ninh Binh Province, the site marks a key milestone in the company’s strategy to localize production and enhance service for regional and global footwear brands. The OrthoLite ...
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News briefs
H&M launches a SEK 1bn share buyback
H&M Hennes & Mauritz’s board has decided to launch a SEK 1 billion (€91m) share buyback. “The purpose of the buybacks is to distribute surplus liquidity and thereby adjust H&M’s capital structure by reducing its capital. Accordingly, the board of directors intends to propose to the 2026 annual general meeting ...
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News briefs
Hwaseung Footwear to build a plant in India
Hwaseung Footwear, a leading South Korean footwear manufacturer with producers for global brands such as Adidas, plans to invest 898 crore rupee (€87.1m) in a manufacturing facility in Kuppam, in the Indian state of Andhra Pradesh, to produce non-leather footwear. In the Indian numeral system, a crore corresponds to 10 ...
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News briefs
Asos refinances its debt
Asos says that it has refinanced its asset backed loan facility into a secured term loan and delayed draw term loan (DDTL) with a new syndicate of private lenders. The new financing facilities comprise a £150 million (€170m) term loan and an £87.5 million (€99.1m) DDTL maturing in November ...
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News briefs
Permira reportedly in talks to sell Golden Goose to HongShan Capital
The private equity firm Permira is in talks to sell Golden Goose to the Chinese fund HongShan Capital based on a valutation of more than €2.5 billion, according to the Italian daily Il Sole 24 Ore. If confirmed, the transaction will mark the fifth change of ownership in 12 years ...
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News briefs
Paul Green ends production at its Austrian HQ
The Austrian footwear brand Paul Green has announced it will cease production at its headquarters in Mattsee, near Salzburg, citing a persistently difficult economic environment, declining consumer spending and recently introduced US tariffs on shoe imports. The company said that despite extensive efficiency measures, the high costs of local ...
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News briefs
R.M. Williams expands production capacity
R.M. Williams has opened a second workshop at its Adelaide site, bolstering the production capacity of the Australian bootmaker by 90 percent. The new 20,000-square-meter facility will increase the company’s manufacturing and distribution footprint to 29,500 square meters. In 2020, an Australian billionaire, Andrew Forrest, bought R.M. Williams, the producer ...
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News briefsCoats completes OrthoLite acquisition
Coats Group, the British manufacturer of industrial threads and footwear components, announced on Oct. 30 that it had completed its acquisition of OrthoLite, the producer of footwear materials and insoles, as well as of Cirql, OrthoLite’s brand of sustainable materials. As we’ve reported, Coats announced its intentions back in July, ...
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News briefs
Coats starts building a factory in Indonesia
Coats Rejo Indonesia, which is part of the British manufacturer of industrial threads and footwear components, Coats, has begun building a new €35 million dyeing and finishing factory in Pleret, Indonesia. The facility will combine twisting, dyeing, yarn finishing and structural component production, with capacity projected to reach 9 tonnes ...
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News briefs
Eqwal buys Reed Medical
Eqwal, a French provider of custom orthopedic prosthetics, has acquired all the shares in Reed Medical, a British provider of bespoke footwear to the National Health Service in England and private market in the UK. No financial details were released. “This acquisition marks an exciting new chapter for Reed and ...
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News briefs
Italian court appoints an expert for Aeffe and Pollini’s negotiated settlement procedure
The Chamber of Commerce of Romagna Forlì-Cesena and Rimini appointed on Oct. 8 Riccardo Ranalli as the expert to reach a negotiated settlement for the financial crisis affecting the Italian luxury goods company Aeffe and its footwear unit Pollini. On Oct. 10, Aeffe filed a petition with a court in ...
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News briefs
Geox appoints a new commercial and marketing head
Geox appointed Francesco Santachiara as Chief Commercial, Marketing and Merchandising Officer in September. He was previously Global Head of Wholesale for one year at the Italian footwear company. Prior to joining Geox, Santachiara worked for a decade at L’Oréal and for nine years at Luxottica. The appointment comes after Geox ...
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News briefs
Staray and Jo System join forces
Staray, a Chinese brand of 3D-printed footwear, set up with Jo System, an Italian provider of milling and lasering solutions, the Staray & Jo System Joint Design and Production Center, a research and development hub that “infuses technology into design and empowers design with the innovation of technology,” the ...
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News briefs
Frasers buys a majority stake in The Webster
Frasers has acquired a majority stake in The Webster, a Miami-based luxury retailer. The move marks another step in the British group’s strategy to expand its presence in the luxury and premium retail space, complementing its Flannels division. The financial terms of the transaction were not disclosed. Laure Hériard ...
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News briefs
Famous Footwear Australia closes down
The Australian retailer Famous Footwear announced that it is closing down after 25 years of activity. The company’s online store will stop operating at the end of the year, while its 17 stores located in the states of New South Wales, Queensland and Victoria are scheduled to close early 2026. ...
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News briefs
Worldly acquires GoBlu to unify environmental and chemical data management
Worldly, a sustainability intelligence platform, has acquired GoBlu, the company behind The BHive, a widely used digital solution for chemical inventory management, traceability, and compliance in apparel and textile supply chains. The acquisition marks a major step toward building the first unified system that connects verified environmental performance data ...
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News briefs
New Zealander shoemaker up for sale
McKinlay’s Footwear, a New Zealand-based shoemaker established in 1879, is up for sale, according to an advertisement in ABC Business Sales. “A rare opportunity to acquire New Zealand’s last general-purpose footwear factory. Now in its 5th generation of family ownership, McKinlays has been handcrafting durable, resoleable leather shoes for over ...
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News briefs
Footway buys a logistics center and launches a new service
The Swedish e-commerce footwear specialist Footway has raised SEK 100 million (€9.1m) to acquire a logistics facility in Eskilstuna. The 48,000 square meter facility is located 100 kilometers west of Stockholm. The company had previously leased the warehouse, which is said to be a central part of the logistics hub ...
