News Briefs – Page 67
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News briefs
PPR will move to new headquarters in the premises of...
PPR will move to new headquarters in the premises of the former Laennec hospital, in the elegant seventh district of Paris, as reported by Allianz Real Estate, which has rented all of the offices of the “Laennec operation” to the French multinational group. The renovation of the historic landmark, to ...
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News briefs
DVS Shoe is set to to be acquired by Sequential...
DVS Shoe is set to to be acquired by Sequential Brands Group for about $8.55 million in cash. Sequential Brands issued the highest offer at the bankruptcy court auction for this American action sports footwear company. DVS, which has had an office in Ireland for the European market for many ...
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The Indian government has announced that it plans to set...
The Indian government has announced that it plans to set up a new Footwear Design and Development Institute (FDDI) in the city of Rupnagar, formerly known as Ropar, in India's Punjab region. The proposed institute is expected to conduct a wide range of professional programs in such areas as footwear ...
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Rangith Hettiarachchy, the chairman of the Footwear Advisory Council of...
Rangith Hettiarachchy, the chairman of the Footwear Advisory Council of Sri Lanka, is optimistic about the leather and footwear industry in his country. He council is working to build up the industry. First, it is setting up a training institute for footwear and leather producers with the help of the ...
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The leather industry in Guanghe County, in China's Gansu Province,...
The leather industry in Guanghe County, in China's Gansu Province, is growing fast. Gansu Hongliang Leather, a tanner there, is going to expand its production capacity by 50 percent to 3 million hides per years. Another tanner, Jihua 3512 Leather Factory, is investing $250 million in a new tannery in ...
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News briefs
PPR and Yoox have signed a letter of internet to...
PPR and Yoox have signed a letter of internet to create a joint venture that would take care of the internet sales of some of the French group's luxury goods brands, such as Yves Saint Laurent or Sergio Rossi. The Gucci brand would be excluded. Yoox, which has a global ...
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News briefs
There seem to be at least two or three serious...
There seem to be at least two or three serious potential bidders the MBT brand and other related assets. Meanwhile, MBT's sales subsidiaries in the U.K., Germany and the Netherlands have followed the parent company into bankruptcy proceedings. Some of the MBT stores in the U.K. are reportedly being shut ...
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Various Italian groups, as well as India's National Institute of...
Various Italian groups, as well as India's National Institute of Design and its Footwear Design and Development Institute, are going to help the the Indian Council for Leather Exports set up a leathergoods design studio. Representatives from the three Indian groups are going to visit Italy this month to discuss ...
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News briefs
Naot has decided that Theresia Muck, the German shoe brand...
Naot has decided that Theresia Muck, the German shoe brand that it bought in 2007, should stop its production at its German factory at Bruchweiler-Bärenbach for competitive reasons, and outsource it instead to other European countries. The measure will entail the dismissal of 26 employees. Naot, which is the largest ...
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VGM Group, the company behind the French Chausséa chain of...
VGM Group, the company behind the French Chausséa chain of low-cost shoe stores, is investing €16 million to extend and modernize its distribution center to 52,000 square meters from 22,000 m². The investment is intended to support a planned doubling of the quantity of shoes sold at its stores to ...
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News briefs
Caprice is celebrating the opening of its technological park in...
Caprice is celebrating the opening of its technological park in Lahore, Pakistan, where the company invested €1 million in the construction of a development and quality assurance center. With the new technological park, this subsidiary of the Wortmann Group aims to assure and control its local supply chain on its ...
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News briefs
Collonil, the German supplier of shoe polish, is investing in...
Collonil, the German supplier of shoe polish, is investing in a new production site for soles and a modern distribution center in Mühlenbeck, near Berlin. Collonil had its first big production site in Mühlenbeck before the Second World War. With the new production site and distribution center, 80 new jobs ...
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News briefs
A majority stake in Ariat International, the maker of apparel...
A majority stake in Ariat International, the maker of apparel and footwear for equestrian sports, has been purchased by its management team and the Fisher family, the founders of the Gap. The buyers paid an undisclosed sum to the private equity firms LNK Partners and Brentwood Associates, the former owners ...
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The Jones Group, which partnered with the designer Brian Atwood...
The Jones Group, which partnered with the designer Brian Atwood in 2010, is buying a majority stake in his company for an undisclosed amount. The deal benefits both parties: Jones Group will expand its presence in the luxury footwear market, and Atwood will have more resources to expand his label. ...
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News briefs
VF Corporation reportedly plans to reduce footwear sourcing in the...
VF Corporation reportedly plans to reduce footwear sourcing in the southern part of China to 11 million pairs by 2016, down from 40 million pairs in 2010. It plans to source more shoes from northern China, Vietnam, Bangladesh and elsewhere.
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News briefs
Tacco Footcare moved its headquarters to Bielefeld, Germany, on June...
Tacco Footcare moved its headquarters to Bielefeld, Germany, on June 1. The old office building in Oerlinghausen cannot be retained due to financial restructuring. The new headquarters in Bielefeld accommodates the company's executive board as well as the sales and purchasing department and the marketing and communication department.
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News briefs
Diego Della Valle, president and chief executive of Tod's, plans...
Diego Della Valle, president and chief executive of Tod's, plans to revive the brand of Elsa Schiaparelli, the once-famous Italian designer who is credited with inventing the wedge heel for shoes, as he has already done with the brand of Roger Vivier. Positioned very high in the market, the Schiaparelli ...
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News briefs
Theresia Muck is moving its production abroad as its production...
Theresia Muck is moving its production abroad as its production site in Bruchweiler in Germany will be closed for economic reasons. About 26 employees are affected by this decision. The Naot group from Israel, to which Theresia Muck has belonged since November 2007, still plans to employ about 75 people ...
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Rich Footwear Group will be the exclusive marketer and seller...
Rich Footwear Group will be the exclusive marketer and seller of Angry Birds footwear in the U.S. and Canada through a deal with the Cortina-Leomil Group. Gary Rich, a former president of Brown Shoe Company, He is serving as chairman, leading the new company along with Paul Shapiro as president ...
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The big French Groupe Royer is looking for a new...
The big French Groupe Royer is looking for a new investor, preferring a strategic investor to an institutional one for its long-term development, as Apax Partners is seeking to cash out of the investment it made five years ago. Jacques Royer and his brother Alain still own 77.5 percent of ...
