Richter, the Austrian brand of children's shoes, has also participated in the reshoring trend. It has brought back to Europe 60 percent of its annual volume of 850,000 pairs. The balance is still made in India and Vietnam.
Shoe maker Clarks failed to keep up with retail trends while shareholders prioritized dividends over investment, according to one of the family members. Galahad Clark , a descendant of founders Cyrus and James Clark, said the company failed to “move fast enough into the 21st century”, ultimately leading ...
The company voluntary agreement (CVA) of the upmarket British retailer L.K. Bennett was approved by creditors. It will result in five stores closing down and the remaining shops switching to turnover-based rents. The chain has 18 standalone stores. Among the creditors who voted against the CVA was the ...
Schuh , the British footwear retailer owned by the U.S. firm Genesco , has obtained a £19 million (€20.9m-$25.5m) financing facility with Lloyds Bank . The funding is part of the U.K. Treasury’s Coronavirus Large Business Interruption Loan Scheme (CLBILS). Schuh already had a credit facility with Lloyds and ...
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