News Briefs – Page 46
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News briefs
Indonesian footwear producers are building up capacity in Central Java...
Indonesian footwear producers are building up capacity in Central Java to cut production costs and compete with their industry rivals in Vietnam, according to footwearbiz.com. The website quotes Selalu Cinta Indonesia, a subsidiary of the Karet Murni Kencana Group, as saying that it is building a production unit in the ...
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A Serbian newspaper, Vecernje Novosti, picked up by the Italian...
A Serbian newspaper, Vecernje Novosti, picked up by the Italian media, said that part of the staff of Geox' new local plant in Vranje is unsatisfied with working conditions. Vecernje Novosti said that some members of the staff have complained to the local authorities, adding that the Serbian labor ministry ...
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Hermès has acquired an unspecified minority stake in Pierre Hardy,...
Hermès has acquired an unspecified minority stake in Pierre Hardy, a French brand of luxury shoes named by a designer who had been responsible for Hermès shoes in the 1990s and for those of Balenciaga in 2001 and 2002. Hardy created his own label in 1999, making an annual turnover ...
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Sator Capital, a Rome-based private equity house, has acquired a...
Sator Capital, a Rome-based private equity house, has acquired a further 35 percent stake in L'Autre Chose from the Boccaccini family, the founders of the Italian retailer, raising its stake in the business to a total of 84 percent. The Boccaccinis will retain the remaining 16 percent. L'Autre Chose sells ...
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Camuto Group has announced the purchase of a majority stake in...
Camuto Group has announced the purchase of a majority stake in Sole Society. The transaction, whose terms were not disclosed, marks Camuto's first digital acquisition. Nordstrom, the former majority owner of the women's shoes, bags and accessories brand, will remain a minority owner, and Nordstrom will continue to carry Sole Society ...
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The ANWR Group has acquired a minority stake in a...
The ANWR Group has acquired a minority stake in a Dutch online shoe retailer, Topshoe.nl, which was founded in 2011 by Han Landmann. Currently, more than 40 shoe retailers with 80 stores and over 400 shoe labels are affiliated members of Topshoe.nl, which offers a platform to market the retailers' ...
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Jones Bootmaker and Brantano UK, both owned by Alteri Investors,...
Jones Bootmaker and Brantano UK, both owned by Alteri Investors, have outsourced their warehousing and store deliveries to the DHL facility in Hams Hall, near Birmingham. Their warehouse in Coalville, Leicestershire was closed at the end of July. The two footwear firms have also moved their joint head office from ...
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K- Swiss Global Brands is planning to relocate its global...
K- Swiss Global Brands is planning to relocate its global headquarters from Westlake Village, California to the Pac Mutual Building in downtown Los Angeles by Jan. 1, 2017. The new facility will house global operations for K-Swiss and the sister brands Supra, Palladium and Otz Shoes, as well as operations ...
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Wolverine Worldwide's board of directors has authorized a new stock...
Wolverine Worldwide's board of directors has authorized a new stock repurchase program for up to $300 million, replacing the balance of a program it had approved in 2014. The company will also issue 10-year bonds with a face value of $250 million that will help redeem a series of outstanding ...
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Wolverine Worldwide announced on Aug. 16 that it was going...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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Keen Footwear is using robots to make its Uneek shoes...
Keen Footwear is using robots to make its Uneek shoes in half the time required with the conventional manufacturing process. The robots, which were developed by ABB, were presented at its booth at the Outdoor Retailer show in Salt Lake City at the beginning of this month. Retailers have shown ...
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In contrast with Vivarte, which is selling off its shoe...
In contrast with Vivarte, which is selling off its shoe manufacturing subsidiary, CVC, the other major French shoe retailing group, Eram has set up a school to train skilled workers and technicians for its two remaining factories, which employ 350 people in the production of about 1.2 million pairs a ...
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Yves Saint Laurent is reportedly investing €5 million in a...
Yves Saint Laurent is reportedly investing €5 million in a new shoe factory in the Brenta footwear district, between Venice and Padua. According to Mff, the French fashion house started the construction work for the new factory in Vigonza, near Padua, in May. The facility will occupy a surface of ...
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News briefs
Hermès International has acquired a minority stake in the shoe...
Hermès International has acquired a minority stake in the shoe brand Pierre Hardy. The financial details of the transaction were not disclosed. Pierre Hardy fully owns three stores, the last of which was opened in Tokyo's Aoyama area in April, and is sold in 200 shops worldwide. Hardy has designed ...
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Philippe Model Paris has been acquired by 21 Investimenti, the...
Philippe Model Paris has been acquired by 21 Investimenti, the investment fund owned by Alessandro Benetton. Paolo Gambato and Roberto Doro, the former owners, will both keep their roles as designer and managing director, respectively, and will stay on as shareholders. The investment fund has reportedly acquired 70 percent of ...
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Salvatore Ferragamo's outgoing chief executive, Michele Norsa, said the Italian...
Salvatore Ferragamo's outgoing chief executive, Michele Norsa, said the Italian fashion house will focus on widening the profit margins on its products this year rather than pushing sales, to combat lower growth in the luxury market as a whole. Norsa, who spoke before the brand's menswear show at the Milan ...
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During ANWR's general meeting, held in Rotterdam on June 20,...
During ANWR's general meeting, held in Rotterdam on June 20, the affiliated retail members of the group decided that Schuh & Sport Mücke, the big German shoe and sporting goods retail chain that was acquired by ANWR in May 2015, will be kept as a private company under ANWR's ownership. ...
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In Cuba, a new investment of up to $10 million...
In Cuba, a new investment of up to $10 million by a Chinese industrial partner will lead to the opening of a new factory in Havana for the production of dress shoes and footwear for men, women and children. According to reports in Footwearbiz, the new facility will have eight ...
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Tod's has celebrated the completion of the first phase of...
Tod's has celebrated the completion of the first phase of renovation of Rome's Colosseum, a restoration project which is supported by the Italian luxury group. The first phase of the works has focused on the northern and southern façades of the iconic monument, cleaning up a total of 13,300 square ...
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Implus, the acquisitive U.S. company that owns a raft of...
Implus, the acquisitive U.S. company that owns a raft of sports, outdoor and footwear accessories brands, has snapped up the assets of MCN Solutions in Cape Town, a South African distribution partner for Implus and other sporting goods companies. The move will enable Implus to have its own organization in ...
