Soho
French Vivarte Group sold one of its shoe factories to German Hanse Industriekapital
10.02.2017 1765

French Vivarte Group sold one of its shoe factories to German Hanse Industriekapital

French Vivarte Group specializing in the development of clothing and footwear brands, including André, Minelli, Naf Naf, San Marina, Caroll ..., and in a financially dire situation, sold one of its shoe factories in Champignol in France, writes Les Echos.

At the time of the sale, the number of enterprises was 147 employees. The factory specializes in the production of shoe blanks, the production volume of which in 2015 amounted to 315 thousand pairs. Of these, the most expensive model was sold for about 110 euros, while the vitality of the enterprise could be ensured by a price of at least 275 euros per pair, the French newspaper writes.

The production, modernized in 2005, suffered a serious blow from competing Asian enterprises. In January 2015, the Group put up a factory for sale valuing it at 12 million euros. The German industrial holding Hanse Industriekapital was the most persistent bidder.

The buyer, who completed the acquisition of the first asset in France, intends to continue the strategy of producing high-quality shoe products. Vivarte, for its part, guarantees its former factory a gradually decreasing volume of orders for three years, a condition that will allow the factory to eventually switch to an autonomous existence.

Hanse Industrial Capital GmbH German industrial holding company, which is engaged in the reorganization, acquisition and management of small and medium enterprises in Europe. The company specializes in the acquisition of unprofitable industrial enterprises, their reorganization and the creation of conditions for further successful development.

French Group Vivarte owning fashion brands La Halle, Caroll, Kookaï, Chevignon, Naf Naf, shoe brands Minelli, San Marina and other brands, as we wrote earlier, recently also announced the sale of its shoe brand André, whose retail chain comprises 135 stores and the brand of clothing Naf Naf. At the moment, the group's debt is 1,5 billion euros, while Vivarte's revenue in 2016 is 2,2 billion euros.

The French Vivarte Group, specializing in the development of clothing and footwear brands, including André, Minelli, Naf Naf, San Marina, Caroll ..., and in a financially critical situation, has sold ...
5
1
Rating

Latest News

Patrizia Pepe released a capsule in spring colors Monochrome Fly Bamby

Italian premium clothing, footwear and accessories brand Patrizia Pepe presents the Monochrome Fly Bamby capsule, timed to coincide with the release of a new version of the iconic It-Bag - Fly Bamby Bag. The collection also includes sandals and slippers on the platform and stylish…
09.02.2023 115

TASD collected 30 pairs of winter boots, blankets and warm clothes for earthquake victims

The Turkish Footwear Manufacturers Association - TASD - has collected humanitarian aid for the victims of the devastating earthquake that occurred in southeastern Turkey and Syria this Monday, 6…
08.02.2023 170

Attendance in regional shopping centers is recovering

Attendance at shopping centers in the regions began to recover, primarily for small and medium-sized shopping centers, while in Moscow the dynamics of attendance remains negative, Kommersant writes, citing data ...
08.02.2023 290

Zenden plans to open 2023 new stores in 50

Zenden plans to grow its total retail network in 2023 to 295 stores by opening 50 new outlets. The company is going to abandon the development of a network of franchising, - reports ...
07.02.2023 388

Jimmy Choo Collaborates With Sailor Moon Anime Series

Following Vans, another American shoe brand, Jimmy Choo, released a capsule collection of shoes based on the Japanese anime Sailor Moon. Images of scenes from the popular anime series adorn the shoes and bags of the capsule collection, and its brightest…
07.02.2023 489
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning