Yet another Dutch shoe retail chain, Ardenberg, has run into financial difficulties, forcing it to file for insolvency. The company runs 49 stores in the Netherlands. Strong competition from online retailers is said to have been one of the reasons for its problems.
Related articles
ArticleGMI aims to become a leading luxury shoe producer in 5 yrs
Gruppo Manifatture Italiane (GMI) aims to be among the top two Italian producers of shoes in the luxury segment in the next five years, after taking another step in that direction following the acquisition of Broma , a producer of men’s formal shoes and sneakers for luxury brands, in ...
- Article
Clarks descendant says management failed to ‘move into 21st century’
Shoe maker Clarks failed to keep up with retail trends while shareholders prioritized dividends over investment, according to one of the family members. Galahad Clark , a descendant of founders Cyrus and James Clark, said the company failed to “move fast enough into the 21st century”, ultimately leading ...
- News briefs
L.K. Bennett debt restructuring plan cleared
The company voluntary agreement (CVA) of the upmarket British retailer L.K. Bennett was approved by creditors. It will result in five stores closing down and the remaining shops switching to turnover-based rents. The chain has 18 standalone stores. Among the creditors who voted against the CVA was the ...
