News Briefs – Page 47
-
News briefs
Backed by Berkshire Partners, Implus has taken over Spenco Medical...
Backed by Berkshire Partners, Implus has taken over Spenco Medical Corp.'s insole business and its 2nd Skin medical adhesive line. It will integrate them into its insole business, which comprises the Sof Sole and Sof Comfort brands among others. Implus will also acquire Spenco's Canadian operations. The remaining operations of ...
-
News briefs
Skechers has moved to bigger offices for its British subsidiary,...
Skechers has moved to bigger offices for its British subsidiary, as it continues to expand across Europe. It moved from Potters Bar, north of London, to a nearby facility of about 1,600 square meters in St Albans, with nine showrooms and plenty of multi-media technology. Rapid growth in the U.K. ...
-
News briefs
Remember Feetz, the U.S.-based developer and manufacturer of 3D-printed customized...
Remember Feetz, the U.S.-based developer and manufacturer of 3D-printed customized shoes that we spoke about at length early last year (Shoe Intelligence no. 17-2+3 of Feb. 3)? DSW, the big American shoe retail chain, has taken part in a new round of funding for the start-up while forming a strategic ...
-
News briefs
Zalando has acquired a minority stake in Le New Black,...
Zalando has acquired a minority stake in Le New Black, a Paris-based B2B fashion platform provider. Le New Black's founders, Vidya Narine and Bernard Coulombel, still own a majority stake in the company. Le New Black, founded in 2010, hosts digital showrooms from 250 contemporary and high fashion brands, which ...
-
News briefs
Mephisto is expanding its distribution center and modernizing its logistic...
Mephisto is expanding its distribution center and modernizing its logistic systems, putting in place a new B2B operation and introducing more automated technologies to improve services for its clients. By the month of November, the size of its warehouse in the eastern part of France, which currently measures about 12,000 ...
-
News briefs
Shoes For Crews (SFC) has announced it has filed a...
Shoes For Crews (SFC) has announced it has filed a letter of intent to acquire Mozo Shoes from Chinook Asia. Mozo, which specializes in slip-resistant culinary footwear, will remain as a separate brand, and will maintain its design ethos and product line. The transaction is expected to close sometime this ...
-
News briefs
Schuh & Sport Mücke, the big German shoe and sporting...
Schuh & Sport Mücke, the big German shoe and sporting goods retail chain that was acquired by ANWR in May 2014, will not be converted to a public limited company. ANWR is now proposing to its general assembly, due to be held in Rotterdam on June 20, to keep it ...
-
News briefs
De Tommaso is about to be sold to an American...
De Tommaso is about to be sold to an American buyer whose identity is yet to be revealed. According to reports by Quotidiano della Calabria, an Italian newspaper, the negotiations for the sale of the brand are in the final stages. The financial details have not been disclosed either, but ...
-
News briefs
Schuh & Sport Mücke, the big German shoe and sporting...
Schuh & Sport Mücke, the big German shoe and sporting goods retail chain that was acquired by ANWR in May 2014, will not be converted to a public limited company, reports Schuhkurier. Affiliated members of the ANWR Group had until April 22 the chance to send non-binding declarations of intent ...
-
News briefs
Yoox Net-a-Porter Group (YNAP) has sold a 4 percent stake...
Yoox Net-a-Porter Group (YNAP) has sold a 4 percent stake to Alabbar Enterprises, a Dubai-based investment vehicle, for €100 million. Richemont, the former parent of Net-a-Porter, will remain YNAP's largest shareholder. Yoox merged with Net-a-Porter in March 2015. Alabbar is owned by Mohamed Alabbar, the founder and chairman of Emaar ...
-
News briefs
Belle International has acquired a 29 percent stake in Fashion...
Belle International has acquired a 29 percent stake in Fashion Box, the Italian company behind the Replay brand of jeanswear and accessories. It has bought the stake from the Buziol family under an agreement that also gives Belle the distribution of Replay in Greater China. Meanwhile, Belle has issued a ...
-
News briefs
Giuseppe Zanotti has formed a joint venture in China with...
Giuseppe Zanotti has formed a joint venture in China with Life Luxury Group, its long-term Hong Kong-based franchisee, to open stores in Greater China. The new company, of which the Italian brand holds a 51 percent stake, is called Giuseppe Zanotti Design Holding Hong Kong. Zanotti entered the Chinese market ...
-
News briefs
Prada and Tod's have decided to present their financial results...
Prada and Tod's have decided to present their financial results on a semi-annual basis rather than on quarterly basis. Prada explained that under Hong Kong market rules, listed companies only need to present half-year results, which it has chosen to do because of the volatility of its business.
-
News briefs
Local authorities in Tuscany are reportedly seeking a buyer for...
Local authorities in Tuscany are reportedly seeking a buyer for the Balducci brand of children's shoes. The once-famous Italian producer stopped operations last month, after trying to refinance itself, leading to the loss of jobs for about 40 workers. The company's factory in Tunisia will also be shut down.
-
News briefs
Bonvita, the Danish-based distributor of many brands of Wolverine Worldwide,...
Bonvita, the Danish-based distributor of many brands of Wolverine Worldwide, has completed its merger with Nordic Footwear Company, another Danish firm that took over the former trading division of Sanita Footwear in 2012. The new company that has come out of the merger, called Bonvita Footwear Company, will sell about ...
-
News briefs
Iconix Brand Group has obtained a loan of $300 million...
Iconix Brand Group has obtained a loan of $300 million from the Fortress Investment Group. While it will cost $9 million in annual interest expenses, the five-year loan sent the stock market capitalization by 17 percent for the financially distressed parent company of Umbro and many other brands. The news ...
-
News briefs
Hudson Bay Co. has decided to invest about one billion...
Hudson Bay Co. has decided to invest about one billion euros in the next five to seven years to renovate the German chain of Galeria Kaufhof department stores that it acquired in 2015, building it up as a premium destination for accessible luxury. One of the focuses of the investment ...
-
News briefs
The Bata chain in France is going once more through...
The Bata chain in France is going once more through bankruptcy proceedings. A court in Nanterre set March 9 as the deadline to receive bids for the acquisition of its remaining 72 stores. The chain was already downsized in connection with the previous insolvency of Bata France in November 2014, ...
-
News briefs
Philippe Model, the French brand of high-end sneakers and various...
Philippe Model, the French brand of high-end sneakers and various accessories, is likely to be sold by an English fund, WFM, to 21 Investimenti, the private equity firm run by Alessandro Benetton, according to Pambianconews. The price of the transaction should be higher than €90 million, nine times last year's ...
-
News briefs
Schuhaus Raab, a German chain of 15 stores, filed for...
Schuhaus Raab, a German chain of 15 stores, filed for insolvency proceedings on Feb. 10, citing completion from factory outlets and internet retailers. Another German shoe retailer, Schlathorst, has gone into voluntary insolvency proceedings. The receiver in the case is Christoph Niering, an attorney in Essen.
