Kidpik Corp. (NASDAQ: PIK), a leading online subscription-based children’s apparel company, has merged with Nina Footwear Corp., a renowned brand in women’s and children’s dress shoes and accessories. The merger, which is structured as an all-stock transaction, has been unanimously approved by the Boards of Directors of both companies. The newly formed entity will be…
Search Results for: footwear
Tianjin Jiahua Footwear Company ceases production operations
SYDNEY, AUSTRALIA: Merchant House International Limited (ASX: MHI) advised that due to the changing business environment in China, the Board of its associate company Tianjin Jiahua Footwear Company Limited has decided to cease production operations with immediate effect. Forsan Limited, a subsidiary of MHI, holds a 30% interest in Jiahua. The decision by the board…
Kingmaker Footwear resumes production at Vietnam factory
HONG KONG: Kingmaker Footwear Holdings Limited has resumed production at the group’s factory in Binh Duong Province, Vietnam. Kingmaker Footwear had earlier notified temporary production halt at the factory after the report of local COVID-19 cases. The Board advised the shareholders and potential investors of the Company that, after satisfying all reopening conditions imposed by the local…
Service Global Footwear Limited raises Rs2.175 billion in over-subscribed IPO
KARACHI: Service Global Footwear Limited (SGFL) successfully raised Rs. 2.175 billion through a two-day book building which saw a broad-based participation from institutional and high net-worth investors. The book building was over-subscribed by 5.8 times with price closing at the Rs. 53.2 per share. The book building saw a total demand of Rs. 8.946 billion…
Globe International boosts dividend as FY25 profit holds steady amid market shifts
MELBOURNE: Globe International Limited (GLO.AX) reported strong financial stability for the 2025 fiscal year, using its profit to deliver a significant dividend payout to shareholders, even as it navigated geopolitical uncertainty and new tariff pressures in the key U.S. market. The Australian footwear and apparel company, known for its roots in action sports, announced a fully…
KMD Brands reports challenging FY25, unveils ‘next level’ turnaround strategy
Group sales were flat at NZ$989.0 million, a 1.0% increase from the previous year AUCKLAND: KMD Brands Limited, the global outdoor lifestyle company behind Rip Curl, Kathmandu, and Oboz, reported a significant decline in profitability for the fiscal year ended July 2025, citing a highly promotional retail environment and global economic pressures. Group sales were flat…
Zotefoams reports record H1 results amid strategic realignment
UK-based supercritical foams manufacturer posted a 9% increase in revenue to £77.4 million LONDON: Zotefoams plc reported record interim results for the six months ended June 30, 2025, driven by strategic realignment and strong performance across key market verticals. The UK-based supercritical foams manufacturer posted a 9% increase in revenue to £77.4 million, with profit…
Coats Group to acquire premium insole leader OrthoLite for $770 million
LONDON: Coats Group plc said Wednesday it will acquire OrthoLite Holdings LLC, the global leader in premium insoles, for $770 million, as part of its strategy to expand in the high-growth footwear component sector. The deal, expected to close in the fourth quarter of 2025, will be funded through a mix of new debt facilities…
Frasers expands Sports Direct to Australia and New Zealand
LONDON: Frasers Group has entered a strategic partnership with Accent Group to expand its Sports Direct brand across Australia and New Zealand, marking a significant milestone in its international growth ambitions. Accent Group, a leading retailer and distributor of premium lifestyle and sports footwear in Australasia with more than 900 stores and 12 distributed brands,…
Zotefoams announces expansion plans in Asia
LONDON: Zotefoams, a global leader in supercritical fluid foam technology, has unveiled plans to expand its manufacturing and innovation capabilities with new facilities in Vietnam and South Korea. This strategic investment aims to bolster its presence in the athletic footwear market, where the company has built a strong partnership with Nike, contributing to annual revenues…
Centric Software acquires Contentserv for €220 million
PARIS: Dassault Systèmes announced Tuesday that its subsidiary Centric Software, a leader in Product Lifecycle Management (PLM), has signed an agreement to acquire Contentserv, a prominent provider of product information management (PIM) and product experience management (PXM) solutions, for an enterprise value of €220 million. Centric Software specializes in innovative enterprise solutions that help plan, design, develop,…
JD Sports reports robust performance in challenging market
LONDON: JD Sports Fashion Plc, a leading global retailer of sports, fashion, and outdoor brands, announced a pre-close trading update on Tuesday, covering the nine weeks ending Jan. 4, 2025. Despite market headwinds, CEO Régis Schultz reported a 3.4% increase in organic revenue for the period. “Considering the current headwinds in the market, we performed…