Shoepassion’s creditors clear its restructuring plan
Shoepassion’s creditors have cleared its restructuring plan, the insolvent Berlin-based footwear company said. The plan was confirmed by the Berlin-Charlottenburg district court.
Style Capital snaps up Autry, launches retail expansion plan
The Italian private equity group Style Capital has acquired a 50.2 percent stake in Autry International, the owner of the Italian sneakers brand Autry, and announced a retail expansion plan that will see the opening of more than 20 Autry brand stores in luxury shopping destinations in Italy and abroad.
Former Görtz CEO Frank Revermann takes over Onygo
Görtz’s former CEO Frank Revermann took over Deichmann’s sneaker and streetwear subsidiary Onygo, said the former parent company confirming media reports.
Klingel sells the Wenz and Impressionen brands to Witt
The insolvent mail order company Klingel Group has sold the Wenz and Impressionen brands to the omni-channel retailer Witt, which is part of the Hamburg-based Otto Group, as it continues the disposal of its assets.
UFG files for bankruptcy
Unlimited Footwear Group (UFG) has unexpectedly filed for bankruptcy in the Netherlands.
Shoe Carnival buys Rogan Shoes
Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota and Illinois, for a purchase price of $45 million.
Kenyan footwear producer seeks a partner to launch leather-shoe production
Saagar Shah, whose family owns and manages Kenya Suitcase Manufacturers (KSM), is planning to enter the leather-shoe market and is seeking a partner with skills in the production of uppers.
New delisting attempt for Tod’s
After failing at the end of 2022, Tod’s’ key shareholders are trying again to delist the Italian company by offering a higher price. Financial analysts are divided on whether the new attempt will be successful.
Creditors clear Richter’s restructuring plan
The insolvent Austrian company Ferdinand Richter, the oldest children’s shoe manufacturer in Europe, will continue operations after creditors approved a restructuring plan by a large majority.
VF starts a strategic review of its assets
VF Corp., whose current portfolio includes The North Face, Vans, Timberland and Dickies, has initiated a strategic review of its brand assets. The announcement comes after the company’s shareholder Engaged Capital made in October a presentation “highlighting the actionable and significant opportunities for long-term value creation at the company.” According ...