News Briefs – Page 70
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News briefs
Ethiopian tanneries that are facing a shortage of raw materials...
Ethiopian tanneries that are facing a shortage of raw materials could get some relief through a new organization being set up by the Ethiopian Leather Industries Association. The new group will source and import crust, wet blue hides and pickled skins for finishing by Ethiopia's 25 active tanneries. The raw ...
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ProNicaragua, that country's agency to promote investment, plans to expand...
ProNicaragua, that country's agency to promote investment, plans to expand Nicaragua's use of duty-free zones, and said that footwear is one of the industries it would like to concentrate on partly because of the potential for job creation. The agency's executive director, Javier Chamorro, plan to set up a forum ...
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Alipes AB, a Swedish investment company sponsored by Inter Ikea...
Alipes AB, a Swedish investment company sponsored by Inter Ikea and Ikano, has become a shareholder in the shoe retail chain Scorett Footwear. Scorett has 103 stores and an annual turnover of close to SEK 700 million (€77.8m-$101.6m), and is the second-largest shoe retailer in Sweden after Nilson Group. ...
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The RSB Bank, which is owned by the Sabu cooperative...
The RSB Bank, which is owned by the Sabu cooperative of shoe retailers in Germany, is reportedly taking centralized invoicing and settlements for Mirapodo, the virtual shoe store launched by Otto Group in March 2010. The bank started to do a similar service for some suppliers to another German online ...
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While confirming that it doesn't plan to take over control...
While confirming that it doesn't plan to take over control of the company, LVMH has further raised its stake in Hermès International from 21.4 to 22.3 percent, and it has indicated that it may buy more shares depending on market conditions. LVMH has also obtained 16 percent of the voting ...
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An Italian investment fund, Fondo Italiano di Investimento (FII) is...
An Italian investment fund, Fondo Italiano di Investimento (FII) is acquiring a stake in Zeis Exelsa. Its size could not be determined, but reports indicate that FII will invest €20 million to boost Zeis' retail activities and to expand the range of shoes sold under the name of Dirk Bikkemberg, ...
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A private equity firm, Searchlight Capital Partners, has become the...
A private equity firm, Searchlight Capital Partners, has become the majority shareholder of Hunter Boot through a capital increase designed to increase the brand's presence in existing markets and to expand in new regions around the world. The former shareholders including Pentland Group, which bought a 49 percent stake in ...
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Crocs has entered into an amended and restated credit agreement...
Crocs has entered into an amended and restated credit agreement that replaces the existing $30 million asset-backed line of credit set to expire in September 2014 with a five-year, $70 million secured revolving line of credit. Borrowings under the revolving credit facility will bear interest at variable rates, and it ...
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Collective Brands, parent company of Sperry Top-Sider, Keds, Pro-Keds, Stride...
Collective Brands, parent company of Sperry Top-Sider, Keds, Pro-Keds, Stride Rite and Airwalk, Saucony, has reportedly hired an investment bank, Perella Weinberg, to look for potential buyers for its whole business, which includes the loss-making Payless ShoeSource chain of shoe shops, or parts of it. The company indicated last August, ...
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Brax, a successful German fashion brand that originally specialized in...
Brax, a successful German fashion brand that originally specialized in pants, is expected to continue its diversification into footwear and other products following the appointment of Ulrich Bauer to head up its licensing business. Hauer, 54, was formerly a shareholder and the managing director of Ulihauer Pluslinks, a German company ...
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Sixty Group, the parent company of Miss Sixty, Energie and...
Sixty Group, the parent company of Miss Sixty, Energie and other fashion brands, is contemplating a further reduction in its staff, possibly outsourcing all product development, pattern making and prototyping to China. Employees of the Italian company have been staging sit-ins in front of the company's head office in Chieti ...
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Little Mary, a French brand of children's shoes created in...
Little Mary, a French brand of children's shoes created in 1974, has been taken over by a new holding company, KidShoes, or KSH, that wants to develop it further and to launch new brands and new licenses. The new group has been set up by Hervé Jailliard, who has ...
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News briefs
Titan Industries has struck a licensing agreement to manufacture shoes...
Titan Industries has struck a licensing agreement to manufacture shoes with the Zadig & Voltaire brand name. The French brand joins a roster that includes Badgley Mischka, Charles Jourdan and L.A.M.B. Zadig & Voltaire previously produced its shoes in-house; now Titan Industries will take over that duty and then sell ...
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News briefs
Groupe Royer of France has confirmed the signature of a...
Groupe Royer of France has confirmed the signature of a licensing agreement for the Spring Court brand, covering Europe, the Middle East and Africa. The license was previously held by Rautureau Apple Shoes.
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News briefs
Trilantic Capital Partners, a U.S. private equity fund, has acquired...
Trilantic Capital Partners, a U.S. private equity fund, has acquired a substantial stake in Implus Corporation from another fund, AEA Investors, in cooperation with the company's chief executive, Seth Richards, and its president, Todd Vore. The U.S. company markets insoles, shoe care products and other items under numerous brands including ...
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Brown Shoe Company has announced that it will closing down...
Brown Shoe Company has announced that it will closing down its distribution center in Sun Prairie, Wisconsin, phasing it out starting in January with full closure by April. The activities that take place there will be moved to other locations as Brown Shoe makes an effort to cut down on ...
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Belle International, the big Chinese conglomerate, is working with Hong...
Belle International, the big Chinese conglomerate, is working with Hong Kong Shangduo Leather and Xinxiang Leather Company to open a new tannery in the Suzhou Economic Zone in Jiangsu province. Groundbreaking for the Bailian Shangduo tannery, north of Shanghai, took place on Nov. 21, and once completed the facility should ...
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Miuccia Prada and her husband, Patrizio Bertelli, have bought one...
Miuccia Prada and her husband, Patrizio Bertelli, have bought one of the ancient palaces overlooking the Grand Canal in Venice for €40 million from the city's municipality. The palace, called Ca' Corner della Regina, will be used to house a Prada Foundation, featuring numerous works of art.
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Hamken Oy, a Finnish company that manufactures shoes for the...
Hamken Oy, a Finnish company that manufactures shoes for the famous Pertti Palmroth brand, is reportedly fighting against bankruptcy. Mikko Palmroth, chief executive of Pertti Palmroth Oy, son of its founder and part-owner of Hamken Oy, cites the global economic downturn as a basis for the company's financial problems, but ...
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News briefs
A bankruptcy claim filed by local tax authorities against Dale...
A bankruptcy claim filed by local tax authorities against Dale Sko of Norway risks bringing an end to the company's 112 year-old reign as a manufacturer of winter boots and traditional footwear. As reported in NRK, Dale Sko's big financial troubles began last year when the company lost a major ...
