French group Vivarte gets rid of André shoe brand
01.02.2017 2186

French group Vivarte gets rid of André shoe brand

Major French clothing and footwear manufacturer Vivarte has announced the sale of Naf Naf and André. Hundreds of jobs will be cut, writes French leParisien.
Vivarte Group, which owns fashion brands La Halle, Caroll, Kookaï, Chevignon, Naf Naf, shoe brands Minelli, San Marina and other brands, has announced the sale of its André footwear brand, with a retail network of 135 stores. In addition, the company intends to sell the Naf Naf clothing brand. The planned action plan can be called a continuation of the program of restructuring of the four brands of the La Halle, Kookaï, Défi Mode and André group, which was launched back in 2015 and under which it was planned to cut 1850 jobs.
The total number of Vivarte Group personnel in the 2016 year totaled about 17000 people. With a debt of 1,5 billion euros, Vivarte recorded an annual revenue of 2016 billion euros in 2,2.

André's footwear business will be put up for sale, bought by Christopher Descours, great-great-grandson of the founder of André, which began in 1900.
Fearing criticism from the unions, after the September announcement of the sale of André's 55 stores, the group’s management carefully refuted all hints of a possible sale of the company, but on Monday at the group’s general meeting, the possibility of selling was called very “probable”.

To improve its financial position, the group also announced a major restructuring of its la Halle aux chaussures shoe stock retail business, which recorded a net loss of 100 million euros. As part of the restructuring, it is planned to close 141 points of sale (from 650) and merge another 41 store of this chain with Vivarte's other La Halle multi-brand clothing and shoe store chain.

Vivarte, a major French clothing and footwear manufacturer, has announced the sale of Naf Naf and André. Hundreds of jobs will be cut, writes French leParisien.

Latest News

Salvatore Ferragamo once again demonstrates the F-shaped heel

Salvatore Ferragamo's 2021 F-heel follows the curved heel of the original once created by the brand's founding father. The unique shape of the heel creates the impression that the wearer's foot is flying through the air.
05.03.2021 120

Turkish shoe exhibition Eksposhoes Antalya will be held from 18 to 20 May

Despite the pandemic and the associated restrictions on international travel, Turkey's borders remain open to guests from Russia, and the Eksposhoes Antalya shoe exhibition is once again ready to host Russian buyers.
05.03.2021 197

Lacoste has released a new model of unisex sneakers in retro style

French sportswear brand Lacoste's Match Break sneaker is a combination of an archival silhouette and state-of-the-art technology. The design of the retro sneaker combines clean lines with a calm color scheme.
03.03.2021 174

Rendez-Vous introduces its new spring / summer 2021 footwear collection

In the current collection of the Rendez-Vous chain of footwear and accessories stores, shoes from such brands as Kenzo, Vagabond, MM6, Giovanni Fabiani, Marc Jacobs, Converse, Dr. Martens, See by Chloe, Nike, Nando Muzi, Guess, Loriblu, ...
03.03.2021 179

Rieker sells 24 pairs a year. Shoes Report's Youtube channel published an interview with Riker Vostok CEO Shahin Asadov

Despite the pandemic, German footwear brand Rieker is celebrating a good year and expects sales to rise in the coming season.
03.03.2021 829
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning