Footwear
Grendene SA to Open Galeria Melissa Store in United Kingdom
Grendene SA announced that it has signed a 10-year contract for the lease of a space in Covent Garden, London, the United Kingdom, for the future installations of Galeria Melissa store, which will be inaugurated in 2014. Opening of Galeria Melissa in the United Kingdom is a part of the expansion of Galeria Melissa concept store brand announced in 2009. The Company expressed its intent to open stores in New York, Europe and Asia, similar to the existing one in Sao Paulo, Brazil.
Multi Sports Holdings Ltd Announces Incorporation Of Two New Wholly Owned Subsidiaries
Multi Sports Holdings Ltd announced that Jinjiang Baixing Shoe Material Co., Ltd, the wholly-owned sub-subsidiary of Multi Sports has incorporated the following two new wholly-owned subsidiaries: Fujian Qingte Investment Ltd, a private limited company incorporated in China on 28 January 2013. The existing authorised capital of Fujian Qingte Investment Ltd is RMB5,000,000 and the paid up capital is RMB5,000,000. Its principal activity is to carry on the business of investment of agriculture, manufacturing, wholesale and retail trade, construction and transportation industry; and Quanzhou Sente Trading Ltd, a private limited company incorporated in China on 27 February 2013. The initial authorised capital of Quanzhou Sente Trading Ltd is RMB1,000,000 and the paid up capital is RMB1,000,000. Its principal activity is to carry on the business of wholesale and retail of knitwear, textiles, garments, shoes, hats, toys, sporting goods, daily necessities, handicrafts, electronic products, metal products, machinery and equipment, building materials and chemical products which excluding dangerous chemicals.
Foshan Saturday Shoes Co Ltd to Establish New Subsidiary
Foshan Saturday Shoes Co Ltd announced that it has decided to establish a wholly owned subsidiary, which will be engaged in retail business acquired from a Tianjin-based shoes industry company, in Tianjin, China. The registered capital of the new subsidiary is RMB 10 million.
Xingquan International Sports Holdings Ltd Announces Incorporation of Sub-subsidiary
Xingquan International Sports Holdings Ltd announced that Xingquan International Investments Limited, a wholly-owned subsidiary of the Company, has incorporated a new wholly-owned subsidiary, Xingquan (China) Limited (XCL). XCL was incorporated on 5 December 2012 with an authorised share capital of RMB50 million. At the present moment, XCL has no paid up share capital. The paid up share capital will be increased up to RMB50 million over time. The intended principal activity of XCL will be shoe sole manufacturing.
Maxwell International Holdings Bhd's Maxwell International (Hong Kong) Limited Incorporates Maxwell (Xiamen) Co., Ltd.
Maxwell International Holdings Bhd announced that Maxwell International (Hong Kong) Limited, a subsidiary of the Company in Hong Kong has completed the incorporation of a wholly-owned subsidiary company, namely Maxwell (Xiamen) Co., Ltd. in the People’s Republic of China.
Xingquan International Sports Holdings Ltd Incorporates Xingquan International Investments Limited
Xingquan International Sports Holdings Ltd announced that that it has incorporated a new wholly-owned subsidiary in Hong Kong, Xingquan International Investments Limited (XIIL).
Grendene SA Signs Memorandum of Understanding with Jelly Ltd for Brand Acquisition and New Stores Establishment
Grendene SA (Grendene) announced that on July 16, 29012 it signed a memorandum of understanding with franchiser Jelly Ltd (Jelly) who will act as master franchisee of Grendene. Jelly has 42 franchised stores under its management in 23 Brazilian states with the total sales area of 1,850 square meters and sells the Melissa brand shoes only owned by Grendene. The stores will become part of the Melissa franchises network which will add 150 stores in a five year time. Jelly will open Melissa stores through sub-franchisees in the minimum number of 100 by 2017. In turn, Grendene will become the final and exclusive owner of the Jelly brand.
Maxwell International Holdings Bhd Announces Incorporation Of Maxwell International (Hong Kong) Limited
Maxwell International Holdings Bhd (Maxwell) announced that Maxwell Global Investment Limited, a wholly-owned subsidiary of Maxwell in the Territory of the British Virgin Islands (BVI) has on March 14, 2012 completed the incorporation of a wholly-owned subsidiary company, namely Maxwell International (Hong Kong) Limited in Hong Kong under the Companies Ordinance. Maxwell International (Hong Kong) Limited will be principally involved in investment holding.
Skechers USA, Inc. Launches Japan Subsidiary
Skechers USA, Inc. announced that the Company is transitioning its business in Japan from a third-party distributor to the new wholly owned subsidiary, SKECHERS Japan, G.K. With plans to double its business in Japan over the next three to five years, the Company will make a entry into the market starting from the 2012 Autumn/Winter collection of performance and lifestyle footwear for men, women and children.
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