Next buys UK shoe retailer Russell & Bromley for £2.5m
Next is buying the struggling footwear chain Russell & Bromley in a £2.5 million (€2.87m) pre-packaged bankruptcy deal that puts 33 shops and 440 jobs at risk.
The US kids footwear brand jbrds is up for sale
Mike Gugat, the co-founder and CEO of jbrds, a US brand of children’s shoes, announced that the company is up for sale.
Wortmann starts building a new €20m warehouse
With a ground-breaking ceremony held on Jan. 15, Wortmann Group officially started the construction of its new smart warehouse at its headquarters and logistics facility in Detmold, Germany.
Saks Global files for bankruptcy
Saks Global, the US high-end department store group, has filed for bankruptcy and has announced the appointment of a new CEO and a financing commitment of about $1.75 billion to help fund a turnaround.
Marubeni buys Gola as it expands its lifestyle business
Marubeni, a Japanese trading and investment group, has acquired Jacobson Group, a British company that owns and operates six footwear brands, including its flagship label Gola, a sneaker brand founded in 1905. No financial details were released.
Kybun Joya revives Switzerland’s oldest shoe brand Elgg
Switzerland’s oldest shoe brand is set for a comeback after more than two decades. The Swiss group Kybun Joya has acquired the traditional combat boot brand Elgg and plans to resume production in Switzerland, reviving a name closely associated with the Swiss Army.
The Platform Group takes over 43einhalb
The German e-commerce company The Platform Group (TPG), the owner of the online footwear retailer Schuhe24 and other e-commerce platforms, is buying a majority stake in 43einhalb, a B2C platform for fashion and footwear items based in Fulda.
Arklyz completes the acquisition of Gabor
Arklyz announced on Dec. 22 that it had closed the acquisition of Gabor Shoes. No financial details were released.
HSG takes over Golden Goose
The Chinese fund HongShan Capital (HSG), formerly known as Sequoia Capital China, is acquiring a majority stake in Golden Goose. The Singapore-based investment firm Temasek and its wholly-owned subsidiary, True Light Capital, are also part of the deal as minority investors. No financial details were released, but media reports indicated ...
Zegna increases its stake in Norda
The Italian fashion group Ermenegildo Zegna has increased its stake in the Canadian trail-running shoe specialist Norda.