Primark to demerge from its parent company
Primark’s owner Associated British Foods (ABF) is demerging the budget clothing chain from its food operations after a review of the group’s structure, despite warning that the US-Iran conflict would hit consumer spending and raise prices.
Jack Schwartz Shoes integrates Deer Stags into its portfolio
Jack Schwartz Shoes has integrated Deer Stags into its portfolio. Jack Schwartz Shoes owns and operates Lugz and British Knights, along with licensed footwear for Lee and Ben Sherman.
Semler completes its restructuring
The German shoe manufacturer Carl Semler GmbH has completed its self-administered restructuring, with creditors unanimously approving the insolvency plan.
Insolvency proceedings underway for Sutor Group companies
Insolvency proceedings have been opened for four companies of the Sutor group – Sutor Schuh GmbH, FJ Trading GmbH, Happy Lagerverkauf GmbH and Sutor GmbH & Co. KG – after the German shoe retailer slipped into bankruptcy amid long-standing financial difficulties.
Advance Capital Partners, Mass complete the acquisition of Leder & Schuh
The acquisition of Austrian footwear company Leder & Schuh by the Slovenian private equity firm Advance Capital Partners and the Slovenian retailer Mass has been completed “following the fulfilment of all conditions and the receipt of approvals from relevant competition authorities,” Advance Capital said in a statement.
American Exchange Group to buy Allbirds for $39m
American Exchange Group entered into an agreement to buy all of Allbirds’ intellectual property as well as certain other assets and liabilities for $39 million.
Bär acquires the comfort shoe brand Ströber after insolvency
The German shoe manufacturer Bär Schuhe has taken over Ströber, following the comfort shoe company’s insolvency last year, and said it aims to reposition it strategically by combining the strengths of the two brands.
Chaussea takes over Kickers as Royer goes into liquidation
Groupe Royer, which was struggling with its debt burden, has gone into liquidation. Chaussea will be taking over part of the assets, including the brand Kickers.
Otto to axe nearly 460 jobs to reduce costs
Otto Group will cut nearly 460 additional full‑time jobs, largely at its Hamburg headquarters, as part of a sweeping restructuring program aimed at lowering costs and responding to weakening consumer demand and growing international competition.
Roots explores a possible sale
Roots has initiated a strategic review that includes the possibility of being sold. The Canadian lifestyle brand has hired J.P. Morgan Securities Canada Inc. as its financial advisor and Torys LLP as its legal advisor for the review.