News Briefs – Page 45
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News briefs
Shares in Skechers USA jumped by more than 15 percent...
Shares in Skechers USA jumped by more than 15 percent on Dec. 1 after the company announced that its founder and chief executive, Robert Greenberg, snapped up $11 million worth of stock in a move that analysts interpreted as a bullish stance on 2017 prospects. Greenberg, who acquired 500,000 shares ...
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Genesco has agreed to sell its SureGrip Footwear subsidiary to...
Genesco has agreed to sell its SureGrip Footwear subsidiary to Shoes For Crews (SFC), a leading American provider of slip-resistant footwear. The terms of the transaction were not disclosed. Using a proprietary technology, SureGrip produces and markets a broad line of occupational, slip-resistant shoes for the hospitality, grocery, foodservice, healthcare ...
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Yoox Net-A-Porter (YNAP) is launching in the Middle East. The...
Yoox Net-A-Porter (YNAP) is launching in the Middle East. The e-tailer has signed a joint venture agreement with Mohamed Alabbar to create an online luxury retail business in the region. YNAP will hold a 60 percent stake in the joint venture while Symphony Investments, which is controlled by Alabbar, will ...
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Zalando has started construction of a new distribution center in...
Zalando has started construction of a new distribution center in a Polish town near the German border, Gryfino, that is set to start operations in the autumn of 2017, with an investment of €150 million. This not far from another Polish town, Kolbaskowo, where Amazon is setting up its third ...
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News briefs
Amazon France opened last month a 13,000 square-meter extension of...
Amazon France opened last month a 13,000 square-meter extension of its existing center in Orléans, a 70,000 square-meter site that first opened in 2007, in a move to shorten delivery times.
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News briefs
Velasca, a Milan-based shoe maker and online retailer, has raised...
Velasca, a Milan-based shoe maker and online retailer, has raised a total of €720,000 in funding led by P101, a private equity firm also headquartered in Milan. As part of the deal, P101 provided a €370,000 equity ticket to the transaction, while a private investor and the company's co-founders provided ...
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News briefs
Shoepassion is merging with one of its suppliers of men's...
Shoepassion is merging with one of its suppliers of men's shoes, Heinrich Dinkelacker. Shoepassion will own 100 percent of the shares in Dinkelacker, but the latter's former owners – Norbert Lehmann, Wendelin Wiedeking and Anton Hunger – are becoming shareholders of Shoepassion. Wiedeking and Hunger, who previously worked for Porsche, ...
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News briefs
Mr Hare has ceased trading. The luxury men's footwear brand...
Mr Hare has ceased trading. The luxury men's footwear brand has closed both its London stores at 8 Stafford Street in Mayfair and 22 Powis Terrace in Notting Hill as well as the firm's website. A cryptic message on the business' website reads “Mr Hare has gone sailing,” followed by ...
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News briefs
Ets René Leriche, the French maker of Erel slippers that...
Ets René Leriche, the French maker of Erel slippers that became insolvent in July, has been sold to a new company, Erel Chaussures de France, formed through an alliance of four shareholders. The new owners, who took over the company in September, have retained the twenty employees. It will maintain ...
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News briefs
The Australian government has reportedly backed the construction of a...
The Australian government has reportedly backed the construction of a shoe factory in Lahore, Pakistan, that will exclusively employ women. The initiative, supported by Australia's Market Development Facility, aims to promote the participation of women in the workforce as well as support the Pakistan's burgeoning footwear sector. Currently only 25 ...
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OluKai has announced a strategic investment in Melin, a lifestyle...
OluKai has announced a strategic investment in Melin, a lifestyle headwear brand based in Southern California. The move is part of OluKai's plan to establish itself as an incubator for quality-driven consumer product brands. Melin, which was founded by longtime friends Brian McDonell and Corey Roth in 2013, derives its ...
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News briefs
Tod's chief executive, Diego Della Valle, has announced that the...
Tod's chief executive, Diego Della Valle, has announced that the company will fund the building of a manufacturing center in Arquata del Tronto, one of the Italian villages hit by the earthquake in August. Arquata is located in the Marche region, where Tod's has its headquarters. The announcement was made ...
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Wolverine Worldwide said it has created 250 new jobs at...
Wolverine Worldwide said it has created 250 new jobs at its manufacturing facility in Michigan so far this year as it broke ground on a planned 16,000-square-foot extension. It should be completed in early 2017, allowing the company to add a new warehouse for incoming raw materials. Built in 1964 ...
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News briefs
Boa Technology, the company known for its unique closure system,...
Boa Technology, the company known for its unique closure system, has broken ground in the Denver area for the construction of a new 140,000-square-foot office building. Targeting LEED Silver certification, it will have one of the largest private green roofs in the city. The building will house the Boa Fit ...
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News briefs
Pakerson, the Italian manufacturer of high-end men's shoes, has struck...
Pakerson, the Italian manufacturer of high-end men's shoes, has struck a deal with its employees, cutting the workforce at its factory near Florence by half to 33 people, in line with its production. It is trying to reduce its dependence on Russia and neighboring countries by looking at new markets, ...
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News briefs
Alma, the company born two years ago from the merger...
Alma, the company born two years ago from the merger between Manas and Alfiere, has bought the 30 percent stake held by Cleto Sagripanti, his father Nazzareno and his sister Laura in the family holding company, which owns Manas, Lea Foscati and Khriò. The acquisition price has not been disclosed, ...
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News briefs
LVMH has announced the acquisition of an 80 percent stake...
LVMH has announced the acquisition of an 80 percent stake in Rimowa, a German supplier of high-quality luggage and leathergoods founded back in 1898, for €640 million. It's a lot of money for a company whose sales were reportedly at €350 million in 2015, but with a projection that they ...
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Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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News briefs
Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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News briefs
Filling jobs in Vietnam is likely to become more difficult...
Filling jobs in Vietnam is likely to become more difficult for employers in several key industries, including footwear, according to the International Labor Organization. A recent I.L.O. report projects that the number of positions available to Vietnamese workers is likely to increase by 14.5 percent between now and 2025, giving ...
