News Briefs – Page 52
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News briefs
Sport Nordic, the Danish company that owns the Sportmaster chain...
Sport Nordic, the Danish company that owns the Sportmaster chain of sporting goods stores, has taken over Rezet Sneaker, a n iconic store in Copenhagen that sells the sneakers of major sports brands. Rezet was originally founded in Ibiza by the founder of Unisport, Henrik Bousager Larsen, and it opened ...
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Mikro-Pak has reassigned its marketing and customer service activities for...
Mikro-Pak has reassigned its marketing and customer service activities for the U.K. and Ireland to its main European office in the Netherlands, thus terminating its relationship with Steve Bracewell. Since May 1, all business and service needs for the region are handled directly from Micro-Pak's Hong Kong headquarters, with support ...
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Caleres, formerly Brown Shoe Company, has announced it will make...
Caleres, formerly Brown Shoe Company, has announced it will make a substantial investment to expand its distribution facility in Lebanon, Tennessee. The expansion is expected to be completed by the fourth quarter of 2016 and to create more than 40 new jobs. The Lebanon facility currently employs around 240 people. ...
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News briefs
Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
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Guangzhou Canudilo, a Chinese company that is distributing the Dirk...
Guangzhou Canudilo, a Chinese company that is distributing the Dirk Bikkembergs brand through about 20 mono-brand stores in its home market, has acquired a 51 percent stake in Levitas, the company that owns the rights to the Belgian designer's brand, for about €4 million. The seller is Zeis Excelsa, the ...
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Hai Hung Footwear Export Company of Vietnam has reportedly lost...
Hai Hung Footwear Export Company of Vietnam has reportedly lost more than $100,000 from the destruction of machinery and thousands of pairs of shoes in a fire at its factory in the northern province of Hai Duong. The reports indicate that there were no casualties.
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Schuh, the British footwear retailer owned by Genesco, has decided...
Schuh, the British footwear retailer owned by Genesco, has decided to distribute a bonus of £25 million (€35.2m-$38.7m) among its 3,500-odd employees to reward its staff. When it took over the chain in 2011 for £125 million (€175.9m-$193.6m), the American parent company had agreed that it would establish a bonus ...
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News briefs
Coach has closed the planned acquisition of Stuart Weitzman from...
Coach has closed the planned acquisition of Stuart Weitzman from Sycamore Partners, which had acquired the business from the former Jones Group. The leathergoods giant has made an initial cash payment of $530 million to Sycamore. It will be followed by the payment of up to $44 million, depending on ...
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Clarks has signed a 15-year lease on a 120,000-square-foot property...
Clarks has signed a 15-year lease on a 120,000-square-foot property in Waltham, Massachusetts , previously occupied by Polaroid, that will house the new corporate headquarters of its American subsidiary. Construction work has already started. The staff is expected to move into the new, energy-efficient building in the autumn of 2016.
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News briefs
Berkshire Partners, an investment firm based in Boston, has teamed...
Berkshire Partners, an investment firm based in Boston, has teamed up with the management at Implus Corporation to acquire a majority stake in the U.S. company, which owns a gaggle of accessory brands in the footwear and fitness markets. The stake was bought from Trilantic North America at an undisclosed ...
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News briefs
Schoon, a well-known chain of 10 shoe shops in the...
Schoon, a well-known chain of 10 shoe shops in the U.K., has been taken over by a British entrepreneur previously involved in catering and recruitment, Mark Pinnock, with the support of an investment company, Tnui Asset Finance. The loss-making chain had been acquired in January 2014 by two British shoe ...
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Kurt Geiger is apparently looking for a new investor. According...
Kurt Geiger is apparently looking for a new investor. According to Sky News, the new controlling shareholder of the British company, Sycamore Partners, has engaged Goldman Sachs to look at strategic alternatives, seeking a valuation of around £300 million (€410.9m-$446.1m). Sycamore bought Kurt Geiger early last year as part of ...
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News briefs
Richard Kottler, who stopped acting as chief executive of the...
Richard Kottler, who stopped acting as chief executive of the British Footwear Association in 2014 after six successful years at its helm, has launched a new investment venture, Tailwind, to help small fashion and footwear businesses to find new sources of external financing. The consultancy will develop a business plan ...
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News briefs
Sequential Brands has agreed to buy from Camuto Group a...
Sequential Brands has agreed to buy from Camuto Group a majority stake in Jessica Simpson's brand. Last year, the brand's sales reached $1 billion. Simpson now designs products in more than 30 categories. Sequential has acquired the master license to the line, but Camuto will continue to produce the collection's ...
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News briefs
Brown Shoe Company is going to change its name to...
Brown Shoe Company is going to change its name to Caleres, a Latin word that means “to glow,” after its May 28 annual meeting of shareholders. The American company says it is rebranding to position itself for “accelerated growth and global expansion.” It is also adjusting its “Star-Five-Star” logo, which ...
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News briefs
Amazon has reportedly acquired Shoefitr, a company that has performed...
Amazon has reportedly acquired Shoefitr, a company that has performed 3D scans on hundreds of thousands of shoes by more than 1,000 brands to help customers to pick the right size for their feet. Based in Pittsburgh, the company was formed by a group of college athletes in 2010. Its ...
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While selling Rockport, the Adidas Group is said to be...
While selling Rockport, the Adidas Group is said to be investing in Bucketfeet, a new and innovative American brand of canvas sneakers along with Gordon Segal, founder of Crate & Barrell, and others. Adidas, which is apparently making the investment through a fund called Hydra Ventures, declined to comment on ...
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News briefs
Boxfresh, the British streetwear brand that belongs to Pentland Brands'...
Boxfresh, the British streetwear brand that belongs to Pentland Brands' portfolio, will drop its clothing line after the autumn 2015 season to focus on its core footwear business. Clothing accounted for less than 10 percent of Boxfresh's product offer and sales for autumn 2015. Boxfresh's products are sold by various ...
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News briefs
Pentland Group has made an investment in Isa Pia, an...
Pentland Group has made an investment in Isa Pia, an up-and-coming American shoe designer who is already supported by the CFDA fashion incubator program of New York, according to Footwear News. She launched her first collection in 2011. After the introduction of her brand at major New York department stores ...
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News briefs
More than 500 employees of Converse have moved to the...
More than 500 employees of Converse have moved to the company's new state-of-the-art head office in downtown Boston from its former suburban premises. It occupies more than 186,000 square feet in a renovated building on the waterfront.
