Genesco wins 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.
Nice Footwear doubles the production a capacity of its Favaro unit
Nice Footwear, a footwear company based in the northeastern Italian town of Padua partly owned by the private equity firm Palladio Holding, is doubling the manufacturing capacity of its unit Favaro Manifattura Calzaturiera.
Baldinini finds a new investor for its relaunch
Baldinini, an Italian producer of luxury footwear, announced that it has found a new investor that is injecting new funds through a capital increase to strengthen the company’s balance sheet and underpin its relaunch plan.
Bally placed under court supervision amid financial distress
Weeks after announcing a wave of store closures and the end of shoe production in Switzerland, the Swiss luxury shoemaker Bally has been placed under court supervision amid deepening financial difficulties, with the company’s liabilities standing at around CHF 20 million (€21.6 million). A Swiss court has appointed an external ...
Camper takes over Ancient Greek Sandals
Camper, a family-run casual shoe brand founded based in Mallorca, has bought a 60 percent stake in Ancient Greek Sandals, which was founded in Greece in 2012. No financial details were available.
Genesco board receives support against activist investors
Genesco’s management has received support from a leading US proxy advisory firm in its battle against the activist investors Bradley Radoff, Jumana Capital Investments and Christopher Martin, who collectively owned 9.1 percent of the US footwear’s capital on July 1.
Van Bommel to become Swallow
The Dutch shoemaker Van Bommel will change its name to Swallow from the end of 2026 in a strategic refocusing within the long-established family business. The rebranding is aimed at avoiding confusion between the Floris van Bommel and Van Bommel brands, the company said in an interview with the Belgian ...
HSG completes the takeover of Golden Goose
On June 24, the Chinese fund HongShan Capital (HSG), formerly known as Sequoia Capital China, completed the acquisition of a majority stake in Golden Goose, an Italian brand of luxury sneakers, apparel and accessories. The Singapore-based investment firm Temasek and its wholly-owned subsidiary, True Light Capital, also completed their investment ...
Accent rejects Frasers Group’s takeover offer
The Australian sports footwear retailer Accent Group has rejected a takeover offer made by Frasers Group, describing the bid as unsolicited and highly opportunistic.
Aeffe expresses particular interest in being taken over by an unnamed industrial player
Aeffe, the troubled Italian fashion group, revealed that it is particularly interested in a non-binding takeover offer for its assets and for its footwear brand Pollini made by an unnamed industrial firm present on the Asian market.