ANWR Group sells it software unit EBG Data to TSS
ANWR Group is selling its subsidiary EBG Data GmbH to the Dutch-based software group Total Specific Solutions (TSS). No financial details were released.
C-Suite interview: Nice Footwear moves forward with industrial strategy with new Corrado Maretto plant
When Nice Footwear purchased the luxury women’s footwear manufacturer Corrado Maretto from the founding family at the end of 2024, it also committed to investing in a suitable facility to meet the manufacturer’s production needs and those of the luxury brands for which it produces.
Asics to spin off Onitsuka Tiger
The brand grew 43 percent last year with a 38 percent margin: now it gets its own company.
Footasylum enters strategic patnership with Trapstar
Footasylum has struck a “strategic partnership” with the British streetwear brand Trapstar, which had entered into administration in May.
Pidigi sees Sympatex takeover as a ‘strategic milestone’ for its international expansion
Pigidi sees the acquisition of Sympatex as “a natural evolution” of the long-standing relationship between the two companies and “marks a strategic milestone in Pidigi’s international growth path,” unlocking “strong industrial and commercial synergies across footwear, apparel and technical applications.”
LVMH sells Marc Jacobs for $850m
LVMH has signed a definitive agreement to sell the Marc Jacobs brand to the management firm WHP Global.
Minelli to close down May 30
Minelli, which was placed into receivership in March, announced on Instagram that it will close down ”definitively” on May 30.
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.