News Briefs – Page 33
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News briefs
Patrick Puy, the president Vivarte, has indicated once again the...
Patrick Puy, the president Vivarte, has indicated once again the likelihood that its creditors will take over the embattled French retail group, whose only remaining assets are La Halle, Caroll and Minelli. The reason is that it will not be able to pay back loans of €300 million by the ...
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Carlyle is believed to have hired Bank of America Merrill...
Carlyle is believed to have hired Bank of America Merrill Lynch to evaluate whether to sell Golden Goose, the Italian producer of upscale sneakers, or to list it on the stock exchange, according to the daily Il Sole 24 Ore. The company is expected to be worth about €1 billion ...
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Cole Haan, the American footwear brand sold by the Nike...
Cole Haan, the American footwear brand sold by the Nike group to Apax Partners in 2013, is readying a public offering on the stock exchange, according to Bloomberg. The news agency reported that the company's revenues rose by 14 percent to €687 million in the financial year ended in June ...
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The Alibaba Group, the owner of Tmall, is further extending...
The Alibaba Group, the owner of Tmall, is further extending its reach with the acquisition of Kaola from NetEase for the equivalent of $2 billion. Kaola is an internet platform specialized in selling foreign luxury goods and other premium products – such as watches, electronics, beauty products and wines – ...
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Reschia Form, a Swedish brand of luxury women's shoes based...
Reschia Form, a Swedish brand of luxury women's shoes based in Stockholm, has gone into voluntary bankruptcy after a planned restructuring program failed, according to the Swedish trade magazine Habit. Andrea Reschia, who founded the brand in 2012, is hoping to find an investor.
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According to the online magazine TechCrunch, Atoms, a DTC (direct-to-consumer)...
According to the online magazine TechCrunch, Atoms, a DTC (direct-to-consumer) brand of shoes, has raised $8.1 million in Series A funding. The brand offers shoes in quarter sizes rather than full or half sizes and allows customers to purchase different sizes for each foot to ensure optimal fit. The funding ...
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Toru, an autonomous robot that Zalando is using to pick...
Toru, an autonomous robot that Zalando is using to pick shoe boxes from the shelves of its warehouses, has completed its test phase at the German e-tailer's logistical hub in Erfurt, Germany. Next up are a pilot phase at the company's warehouse in Lahr and, if that is successful, deployment ...
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Anbessa, an Ethiopian footwear manufacturer, has purchased at auction the...
Anbessa, an Ethiopian footwear manufacturer, has purchased at auction the defunct Habesha tannery in the Ethiopian city of Bahir Dar, some 500 kilometers north of Addis Ababa. The tannery produced crust for export from 2011 to 2019, when it ceased operation and was seized by banks. Anbessa says that it ...
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News briefs
Li & Fung has sold a 21.7 percent stake in...
Li & Fung has sold a 21.7 percent stake in its rather sophisticated LF Logistics business to a Singapore-based investment company, Tomaskek, for $300 million to help expand its operations in Asia and improve its own capital structure. The group saw its revenues decline by 8.4 percent on an organic ...
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News briefs
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen...
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen and Dupé, is selling its Argentinian subsidiaries for the equivalent of about €3.3 million. The deal follows an agreement that the Brazilian footwear manufacturer reached in September 2018 to sell 22.5 percent of the businesses behind its Topper brand, both ...
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News briefs
Vivarte is slimming down further through the sale of Cosmoparis,...
Vivarte is slimming down further through the sale of Cosmoparis, the former premium footwear brand of San Marina, to Stéphane Collaert and Thierry Le Guénic. The financial terms of the deal were not disclosed. The two French entrepreneurs had previously acquired Chevignon, a similarly positioned brand of apparel from the ...
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Xtep International of China has finalized the acquisition of K-Swiss...
Xtep International of China has finalized the acquisition of K-Swiss and its various footwear labels, including Palladium and Supra, for $260 million from E-Land of South Korea. The entire business had a turnover of $210 million last year, up by 2 percent from 2017, with a reduced net loss of ...
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News briefs
Lectra has signed an agreement with the shareholders of Retviews...
Lectra has signed an agreement with the shareholders of Retviews to acquire the two-year-old Belgian retail data analytics firm in two steps. In a first step, the Paris-based firm buys 70 percent of Retviews for €8 million. The remaining part will be taken over in three phases over the next ...
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News briefs
LIR, the family holding company that controls Geox and Diadora...
LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, has confirmed a report that it is now open to targeted acquisitions. In an interview with the Italian daily Il Gazzettino, Mario Moretti Polegato, chairman and founder of Geox, said that LIR, which ...
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News briefs
Manolo Blahnik has acquired Calzaturificio Re Marcello, an Italian shoe...
Manolo Blahnik has acquired Calzaturificio Re Marcello, an Italian shoe manufacturer with 77 workers that has been making shoes for the Spanish U.K.-based designer since 1990. Bruno Re of the Re family, which founded the company in Vigevano in 1938, will join the Blahnik group. Re Marcello has been making ...
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News briefs
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen...
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen and Dupé, is selling its Argentinian subsidiaries for the equivalent of about €3.3 million. The deal follows an agreement that the Brazilian footwear manufacturer reached in September 2018 to sell 22.5 percent of the businesses behind its Topper brand, both ...
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News briefs
On Sept. 1, FLO Magazacilik of Turkey will be acquiring...
On Sept. 1, FLO Magazacilik of Turkey will be acquiring the licensing rights to Nine West and begin producing the fashion brand's shoes for the local market. It will entrust the shoes' design to a team in the U.S. and their manufacture to more than 300 Turkish companies. According to ...
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The Boston-based private equity fund Yellow Wood Partners has agreed...
The Boston-based private equity fund Yellow Wood Partners has agreed to buy the foot-care business of Dr. Scholl's in the Americas from the German chemical group Bayer for $585 million. It will set up a stand-alone company for the business that generated sales of $234 million in 2018. Bayer acquired ...
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Lanxess, the specialty chemicals manufacturer, is selling its chrome chemicals...
Lanxess, the specialty chemicals manufacturer, is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals manufacturer. The companies have signed an agreement, but the transaction still requires the approval of the relevant antitrust authorities. Lanxess expects to complete the transaction by the end of 2019. According to ...
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News briefs
RNF, the Dutch fashion group that owns the Mexx, Fred...
RNF, the Dutch fashion group that owns the Mexx, Fred de la Bretoniere, Shabbies Amsterdam and Umbro brands, will take over Palpa Trading on Sept. 1. The price of the acquisition has not been disclosed. The Dutch shoe manufacturer will continue to operate but under a different name: Palpa B.V. ...
