News Briefs – Page 69
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News briefs
Paquetà, the large Brazilian shoe manufacturer and retailer that owns...
Paquetà, the large Brazilian shoe manufacturer and retailer that owns Dumond, Capodarte and Lily's Closet, has taken over control of Via Uno, one of the major shoe brands in the country. A cash squeeze had already led the owners of Via Uno to sell a sizeable minority interest to Paquetà, ...
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An investment fund called DST Global has taken over a...
An investment fund called DST Global has taken over a 4 percent share in the German online retailer Zalando. The investor specializes in e-commerce and holds shares in Facebook, Zygna, Groupon, Twitter, 360Buy and Alibaba. Zalando is not searching for any new investors for the moment. The company is active ...
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Zeis Excelsa, the Italian shoemaker that bought Dirk Bikkembergs last...
Zeis Excelsa, the Italian shoemaker that bought Dirk Bikkembergs last year, is in talks to sell a minority stake of its capital, possibly around 20 percent, to the investment fund Fondo Italiano d'Investimento, in order to finance its future development. Zeis Excelsa, which is also the licensee of Merrell in ...
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Cesare Paciotti is studying the possibility of opening up its...
Cesare Paciotti is studying the possibility of opening up its capital to private equity funds to finance its international expansion. The group has annual revenues of around €150 million, of which 60 percent is achieved in Italy and 40 percent abroad. Paciotti aims to invert the percentage over the next ...
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The German shoe manufacturer Peter Kaiser is closing down a...
The German shoe manufacturer Peter Kaiser is closing down a part of its production in Pirmasens, Germany. In order to maintain the company's competitiveness, Peter Kaiser sees the need to relocate parts of its production to its own factory in Portugal. In a first step, the company will be cutting ...
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Li & Fung, the big Chinese sourcing company based in...
Li & Fung, the big Chinese sourcing company based in Hong Kong, has made another acquisition in the European fashion industry. After its takeover of controlling stakes in Cerruti, Robert Clergerie and Delvaux, it has bought 80 percent of the shares in a French fashion company, Sonia Rykiel, through one ...
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Following a similar strategy, Indian shoe companies are looking for...
Following a similar strategy, Indian shoe companies are looking for Western brands of leather, footwear or leathergoods to acquire, as well as tanneries. That's what Rafeeque Ahmed, chairman of India's Council for Leather Exports, said at a press conference during the recent India International Leather Fair in Chennai. He said ...
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Move On, the troubled Portuguese footwear manufacturer that makes Aerosoles...
Move On, the troubled Portuguese footwear manufacturer that makes Aerosoles shoes, has announced that it will be laying off about 100 employees. It has decided to use its factory in Esmoriz, in the north of the country, for creating new designs, making samples for new collections and doing small production ...
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Paul Green, the Austrian shoe manufacturer, has decided to locate...
Paul Green, the Austrian shoe manufacturer, has decided to locate its new factory in Medjimurje County, in northern Croatia. The company said that the region has a strong shoemaking industry and that young Austrians aren't interested in joining the trade. It will invest €5 million into the new facility, which ...
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Repetto has inaugurated a training center in view of the...
Repetto has inaugurated a training center in view of the recruitment of 150 more skilled workers in the next four years to respond to the growing demand for its ballerinas. The French shoemaker, which already employs 170 people at its factory in the Dordogne region, plans in fact to double ...
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Lloyd Shoes is setting up a new and modern logistic...
Lloyd Shoes is setting up a new and modern logistic center at its headquarters in Sulingen. The automated warehouse will have a capacity for 50,000 cartons. The complex is being installed by an Austrian company, TGW Logistics.
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Steve Madden is buying its Canadian licensee, SM Canada. The...
Steve Madden is buying its Canadian licensee, SM Canada. The privately owned company is the umbrella for Steve Madden Canada, Steve Madden Retail Canada, Pasa Agency and Gelati Imports. SM Canada has seven retail stores in the country and also markets the brand's products in the wholesale channel. The purchase ...
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Administrators have not been able to find a buyer for...
Administrators have not been able to find a buyer for Barratts Priceless, the beleaguered footwear retailer, which means that about 1,610 employees will lose their jobs. The administrator, Deloitte, is asking around other retailers in the U.K. and Ireland to see if the redundant workers can find opportunities with them, ...
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News briefs
The Portuguese Move On brand appears set to disappear from...
The Portuguese Move On brand appears set to disappear from the market, starting with the fall/winter 2012 collection, to be replaced by the better-known Aerosoles brand. The details of the new setup could not be learned at the time of going to press, but it seems that the Indian Tata ...
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Bakers Footwear Group has agreed to sell its 39-year-old Wild...
Bakers Footwear Group has agreed to sell its 39-year-old Wild Pair brand trademark to Steve Madden. Steve Madden will pay up to $4 million for the trademark while entering into a non-exclusive, royalty-free perpetual license, allowing Bakers to still sell the brand in eponymous stores and Wild Pair stores and ...
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Diego Della Valle, one of the major shareholders in Tod's,...
Diego Della Valle, one of the major shareholders in Tod's, has decided to give up on an option to acquire an additional 8 million shares of Saks Fifth Avenue, the big American department store chain. It would seem to be logical because he would have had to pay a price ...
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Salvatore Ferragamo's chief executive, Michele Norsa, sees strong growth potential...
Salvatore Ferragamo's chief executive, Michele Norsa, sees strong growth potential this year in Australia. Other areas where the company may expand further are Canada and the U.S. West Coast. Nevertheless, Norsa expects Asia to continue being the group's growth engine this year. Despite a difficult business environment, the group ...
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Alexandre Birman, a Brazilian footwear designer who produces most of...
Alexandre Birman, a Brazilian footwear designer who produces most of his collection in his home country, is reportedly beginning to manufacture some products in Italy. The move is said to help international vendors – specifically those in Europe, the Middle East and Asia – to control costs as well as ...
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Pacific Brands is holding talks with KKR after this buyout...
Pacific Brands is holding talks with KKR after this buyout company made an unsolicited bid to buy the Australian company. Pacific Brands has the rights to the Everlast, Clarks and Bonds brands in Australia, and has been struggling of late, with sales down by 7.3 percent to US$1.65 billion in ...
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Hujuan, a Chinese footwear company, is in the final stages...
Hujuan, a Chinese footwear company, is in the final stages of building a factory in Dukem, Ethiopia. The facility, which should be operational early this year, should have a capacity of 3,000 pairs of shoes intended for export every day.
