Vögele Shoes ceased to exist in Switzerland
12.12.2022 4710

Vögele Shoes ceased to exist in Switzerland

The stores of the second largest Swiss footwear chain Vögele Shoes will close before the end of the year. On October 13, the company received a four-month moratorium on restructuring its debts, but failed to find sources of financing to improve its financial condition, according to swissinfo.ch.

Vögele Shoes was founded in 1922 in the city of Uznach in the north-east of Switzerland as a family-owned shoe-making business, and actively developed remaining an independent family business until 2018, when it was bought by the Polish group of companies CCC Group. In 2021, the company came under the control of the German firm cm.shoes and the Munich-based investment company GA Europe. The new owners intended to "definitely move the Swiss company into a digital future".

At the same time, even before the pandemic, Vögele Shoes experienced sales difficulties, and the pandemic and temporary “lockdowns” were the last straw that led to the need to close the old brand.

The stores of the second largest Swiss footwear chain Vögele Shoes will close before the end of the year. On October 13, the company received a four-month moratorium on the restructuring of its debts, but did not…
5
1
Rating

Latest News

France records decline in leather exports in 2025.

In the first 10 months of 2025, from January to October, French exports of rawhide, finished leather, footwear and leather goods showed negative growth, notes the French tanners' union, Alliance France…
16.01.2026 347

Adobe research demonstrates the power of social media advertising and influencer marketing.

Attention, marketers! Brands that skimp on social media marketing risk losing sales, warn Adobe analysts. They conducted a study on the impact of social media and influencer blog advertising on retail revenue…
16.01.2026 393

Nike releases new NikeSkims sneakers

In support of the trend for hybrid athletic styles, Nike is releasing new NikeSkims sneakers. The silhouette is based on the Nike Rift, a split-toe running shoe the brand produced in the '90s.
16.01.2026 414

Bank of America analysts predict a decline in consumer interest in sneakers.

Bank of America analysts predict a decline in interest in athletic styles in fashion and a drop in demand for sneakers, which have been the most popular footwear worldwide for the past several years. These findings were published in a report…
15.01.2026 518

Luxury department store chain Saks Fifth Avenue has gone bankrupt in the US.

One of the leading players in the global luxury goods market, the American department store chain Saks Fifth Avenue, has gone bankrupt. Global Saks, which operates the oldest department store chain, Saks Fifth Avenue (42 stores), a luxury chain…
15.01.2026 584
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning