News Briefs – Page 59
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News briefs
Giuseppe Zanotti has agreed to sell a 30 percent stake...
Giuseppe Zanotti has agreed to sell a 30 percent stake in Giuseppe Zanotti Design to L Capital, the investment fund sponsored by LVMH and Groupe Arnault, according to a press report that could not be verified by the time of going to press. Zanotti has his eponymous shoe collection and ...
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Skomagazinet has changed ownership. As of Jan. 1, Agneta Trägårdh...
Skomagazinet has changed ownership. As of Jan. 1, Agneta Trägårdh will take over as owner and chief editor, replacing Mariette Baecklund, founder of the Swedish footwear industry magazine, who ran it for the past 16 years. The 53-year-old has a lengthy background in journalism and in the footwear sector. Five ...
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The agreement between Yoox, the Italian Internet retailer, and Bally...
The agreement between Yoox, the Italian Internet retailer, and Bally is going to be terminated in 2014, according to reports in Milano Finanza. The two companies have not yet released any official statement on the matter. Yoox recently launched the first online shop for Brioni, the upmarket Italian maker of ...
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Olip Italia has changed the name of its Airstep brand...
Olip Italia has changed the name of its Airstep brand to A.S.98. The new label stands for Airstep and the year 1998, when it was launched. Olip makes shoes under this brand and another one, Mjus, at its own factory in Bosnia, which employs about 1,200 people.
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News briefs
Vibram has revised its operations around two separate business units:...
Vibram has revised its operations around two separate business units: finished goods and components. Both are serviced by the same marketing and administrative group. The finished goods division includes Vibram's FiveFingers range of toe-separation footwear. Along with the announcement of the new business model, the company said that next year ...
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News briefs
Sympatex Holding has completed the sale of bonds worth €13...
Sympatex Holding has completed the sale of bonds worth €13 million, with a coupon of 8 percent and maturing in five years' time. They are trading on the Open Market of the Deutsche Börse. The management says that 30 percent of the proceeds will be invested in product development and ...
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Ploucquet, an affiliate of Sympatex Holding in Germany, will move...
Ploucquet, an affiliate of Sympatex Holding in Germany, will move all activities to its production site in Zittau. In addition to the existing “Tection” division, which covers technical textiles and applications, all the activities of the “Textiles” business area, which also includes fashion textiles, will also be operated in Zittau, ...
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Reckitt-Benckiser, which took over SSL International, parent company of Scholl,...
Reckitt-Benckiser, which took over SSL International, parent company of Scholl, in July 2010, has informed all the European shoe retailers that have been selling Scholl footwear that they will not be able to order them anymore, starting with the spring/summer 2014 season. According a top official of Scholl in Milan, ...
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Adidas has decided to stop marketing SLVR, its premium fashion...
Adidas has decided to stop marketing SLVR, its premium fashion brand of clothing and footwear, after the current autumn/winter collection. It had been showing the line, introduced at the beginning of 2009, at Micam and other fairs. Starting in spring 2014, Adidas will come up with a new approach for ...
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Netrada Europe, a German company that has supplied e-commerce services...
Netrada Europe, a German company that has supplied e-commerce services to more than 80 brands, has filed for insolvency, due apparently to a cash squeeze caused by its rapid development. Sources indicate that it has the backing of the banks and that it plans to continue to operate normally, going ...
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Clariant, the Swiss maker of specialty chemicals, is in exclusive...
Clariant, the Swiss maker of specialty chemicals, is in exclusive talks to sell its leather services business to Stahl. The deal could close in 2014. Clariant announced its intention to sell the business in Nov. 2012. Under the terms of the proposal, Clariant would receive a 23 percent stake in ...
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An unnamed investor is in advanced talks for a possible...
An unnamed investor is in advanced talks for a possible sale of Dr. Martens, according to an unconfirmed report in The Wall Street Journal. The British owner of the brand, R. Griggs, had mandated Rothschild Trust Holding more than a year ago to sound out potential buyers. Some investment funds ...
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Fratelli Rossetti has mandated a financial advisor, Carretti & Associati,...
Fratelli Rossetti has mandated a financial advisor, Carretti & Associati, to find a strategic or institutional investor who may be willing to put more equity into the Italian footwear company. The main goal is to enable the company to make major investments in the Chinese market and other parts of ...
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News briefs
While relinquishing the role of chief executive of Manas, the...
While relinquishing the role of chief executive of Manas, the Italian family-owned shoe company in which he still holds shares (see the related article in this issue), Cleto Sagripanti is launching a new company together with other Italian investors to take over small Italian firms specializing in fashion and accessories. ...
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Two private investment companies, KKR & Co and Sycamore Partners,...
Two private investment companies, KKR & Co and Sycamore Partners, are considering a bid for Jones Group, according to The Wall Street Journal. Other strategic and institutional investors have reportedly shown interest in parts of the company, which could then see its footwear retail and wholesale operations split off. ...
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RG Barry may go private, too. The American producer of...
RG Barry may go private, too. The American producer of footwear and other accessories has received a takeover offer from a private investment firm, Mill Road Capital Management, which already owns 8.6 percent of its shares. It is proposing to pay out the remaining shareholders at a price of $20.00 a ...
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Lorbac, an Italian brand of women's shoes manufactured at Castelfranco...
Lorbac, an Italian brand of women's shoes manufactured at Castelfranco di Sotto near Pisa, is planning to shut down its local factory, resulting in temporary layoffs for some 80 employees. The workers have been demonstrating in front of the factory and the house of the Bachini family, which started the ...
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Belle International has agreed to acquire Longhao Tiandi, a Chinese...
Belle International has agreed to acquire Longhao Tiandi, a Chinese footwear company positioned in the high-end casual and luxury footwear market, that owns SKAP, Dragonsea and other brands of shoes and designer handbags. Belle will pay the equivalent of $17 million in the transaction, which is due to close in ...
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Prada is getting ready to invest €10 million in Ancona,...
Prada is getting ready to invest €10 million in Ancona, in the Italian region of the Marche. The luxury firm has chosen the industrial area of Baraccola, where other brands like Bally already have their offices, to set up its creative hub for fashion collections as well as its logistics ...
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The Merchant House International Group is moving a footwear production...
The Merchant House International Group is moving a footwear production line from China to the U.S., in response to strong U.S. retail demand for its men's leather boots and shoes. The sourcing group will open its first U.S. footwear manufacturing facility in Jefferson County, Tennessee, replacing a footwear line from ...
