U-Power continues to expand with the acquisition of Kübler Workwear
U-Power, an Italian supplier of personal protective equipment (PPE) with a focus on safety footwear, has signed a binding agreement to buy a 100 percent stake in the German company Paul H. Kübler Bekleidungswerk GmbH & Co. KG, which trades under the name Kübler Workwear.
Azzas 2154 to be broken up
Azzas 2154 will be split into three entities just two years after its creation. The Brazilian fasion group is the result of the merger in 2024 of the footwear company Arezzo & Co and the apparel company Grupo Soma.
Bally's crisis continues amid restructuring and takeover uncertainty
The future of the Swiss luxury shoemaker Bally remains uncertain as the crisis at the 175-year-old company deepens and its owner, Regent LP, struggles to turn the business around.
UK trade union urges Zotefoams to reconsider transferring footwear foam production to Vietnam
The British trade union GMB urged Zotefoams to reconsider plans to transfer the production of foam for footwear to Vietnam from Croydon, south of London, where the company has been operating for over 90 years. The British company has an exclusive deal to supply high-performance foam to Nike.
Schuhe wie barfuß to close after insolvency proceedings
The Austrian barefoot shoe retailer Schuhe wie barfuß Handels is set to shut down after its insolvency proceedings took a turn for the worse, with the Feldkirch regional court ordering the closure of two affiliated companies: Schuhe wie barfuß Handels GmbH and Bruno Kühne Großhandel mit Barfuß-Schuhen.
Frasers buys Harvey Nichols out of administration
Frasers Group has acquired Harvey Nichols from FTI Consulting LLP, the administrators of the British luxury retailer. No financial details were released.
Grendene sells its US unit to Pajar
Grendene announced that on Aug. 7 it signed an agreement to sell its wholly-owned US subsidiary, GGB USA, to the Canadian group Pajar for $3.61 million.
Vida buys the New York brand Donald Pliner
New York-based Vida Shoes International has acquired the Donald Pliner brand, including all associated intellectual property and brand assets. The transaction closed on July 20 but no financial details were released.
Canada Goose to sell Baffin to Royer
Canada Goose has agreed to sell the Canadian performance footwear brand Baffin to the Québec-based footwear manufacturer Royer, marking a strategic move to streamline its business and sharpen its focus on the Canada Goose brand. Financial terms of the transaction were not disclosed. The deal is expected to close in ...
Genesco wins a proxy battle as shareholders re-elect all 9 board nominees
Genesco has won a proxy battle against activist investors as shareholders re-elected all nine members of the board during an annual general meeting held on July 21.