World Footwear

Bankruptcy

Theo Henkelman Footwear acquires Bullboxer European trademark rights

May 17, 2024 / Germany
The Dutch footwear group Theo Henkelman Footwear has acquired the European trademark rights to the Bullboxer brand from The Unlimited Footwear Group, which went into bankruptcy earlier this year

Germany: footwear sales rose in 2023 but not yet to pre-pandemic levels

Mar 22, 2024 / Germany
Despite a series of bankruptcies, footwear retail sales in Germany increased in 2023 by around 4% to 11.6 billion euros. However, they still remain below pre-pandemic levels

Rockport files for Chapter 11 bankruptcy proceedings

Jun 20, 2023 / United States
The Massachusetts-based footwear company filed for Chapter 11 bankruptcy in a District Court in Delaware. Meanwhile, its CEO, Gregg Ribatt, has resigned

German footwear manufacturer EOD declares insolvency

May 23, 2023 / Germany
The company, known for the Groundies shoe brand, has filed for insolvency proceedings with the Freiburg District Court with the aim of restructuring itself to get back “on solid ground”

Former parent company of Reno also files for bankruptcy

May 15, 2023 / Germany
Unable to overcome the challenges posed by the COVID-19 pandemic and the energy crisis, the German HR group filed for insolvency, following the path of its previously-owned footwear retailer, Reno

Pölking goes bankrupt

May 3, 2023 / Germany
The footwear wholesaler has filed for bankruptcy due to the ongoing impact of the COVID-19 pandemic, joining the list of companies caught in a crisis in the German footwear sector

Reno's Austrian branch also declared bankruptcy

Apr 27, 2023 / Germany
After the shoe retailer Reno filed for bankruptcy in Germany at the end of March, the company's Austrian subsidiary, HR Group GesmbH, decided as well to file for bankruptcy

Shoe retailer Reno declares bankruptcy

Mar 31, 2023 / Germany
Just six months after changing ownership, the Osnabrück-based shoe retailer filed for bankruptcy amid a crisis in Germany’s footwear sector that led to a wave of insolvencies in recent months

Bluestar Alliance rescues Scotch & Soda

Mar 30, 2023 / Netherlands
The US-based brand management company has announced the acquisition of the Amsterdam-based brand, just days after Scotch & Soda declared bankruptcy for its Dutch operations due to “severe cash flow problems”

Administrators appointed to liquidate Arcadia Group

Jul 16, 2021 / United Kingdom
Auditing firm Mazars has been appointed as liquidator to oversee the process. They will focus on what remains of Sir Philip Green’s collapsed Arcadia Group empire

UBS foresees 80 000 stores closures in the US by 2026

Apr 9, 2021 / United States
The analysis presented by the investment bank indicates that after the peak in closures registered in 2019, the scenario is not bright and shiny for the next 5 years. UBS is forecasting a 9% of the total current number stores to shut across the country by 2026

Great Britain with a record of 17 500 stores closing in 2020

Apr 9, 2021 / Great Britain
According to new data by consulting firm PwC, Great Britain had an avalanche of store closures during 2020, with some 17 500 stores not resisting the impact of the pandemic. On the other hand, 7 655 opened, representing a net loss of 9 877 stores

Boohoo buys several brands from Arcadia

Feb 10, 2021 / United Kingdom
The United Kingdom-based online fashion retailer acquired Dorothy Perkins, Burton and Wallis' brands, its intellectual property and stocks for 25.2 million British pounds in cash

Asos buys Topshop and other Arcadia's brands

Feb 1, 2021 / United Kingdom
The deal includes Topshop, Topman, Miss Selfridge and HIIT. The brands were for sale after the Arcadia group collapsed into administration by the end of 2020

G-III enters the race to buy Arcadia

Jan 18, 2021 / United Kingdom
The New York-based group G-III Apparel is said to have entered the race to acquire Arcadia and to be among the top four candidates (Next, Boohoo and American-based Authentic Brands). However, G-III has not yet publicly confirmed
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