On July 15, Guangzhou Lida Shoe Factory announced its closure.

Network information shows: Guangzhou Lida Shoes Co., Ltd. was established on October 11, 2012. It has a total number of 1213 (2018) employees.

The company’s announcement shows: After the COVID-19 epidemic, the company’s board of directors has exhausted all measures and looks forward to the spring blossoms. However, things have gone against expectations. The company has no way to continue operating and has no choice but to end it.

The following text is subject to the announcement in the picture

To all company employees:

Due to the impact of the new coronavirus epidemic and the Sino-US trade war, the company’s export business has been severely impacted. All our business has been forced to halt since then. Since April 25, 2020, the company has entered a state of suspension. The company has suffered serious operating losses and is unable to continue operating. According to the resolution of the company’s board of directors: the company has decided to officially close its business on July 15, 2020, and terminate the labor contract relationship with all employees on that day. I would like to sincerely thank all employees for their years of dedication, hard work and support to the company. Regarding the layoff of employees retained by the company, the company has made the following arrangements:

1: The company arranges left-behind financial and administrative personnel to count employees from May, June and July 1 to July 2020 15th salary.

2: Arrange a dedicated person to conduct an inventory of the company’s existing inventory, including but not limited to product inventory, raw materials, machinery and equipment, etc. China-related assets involve customs supervision issues. The company will dispose of the above-mentioned company assets in accordance with legal procedures as soon as possible and formulate corresponding disposal plans. The company promises to use the proceeds from the disposal of the above assets in accordance with the law to give priority to paying employee wages and social security fees payable by the company in June and July 2020.

3: The company plans to settle May wages before July 31, 2020, and settle June and employees’ basic living expenses from July 1 to July 15 before August 31. cost.

4: Plan to pay the company’s social insurance premiums payable in June and July 2020 before August 31.

In addition, in fact, major well-known shoe companies are also having a hard time.

Women’s shoe giant Jiuxing Holdings’ revenue fell 32% in the first half of the year

In the three months to the end of June this year, Jiuxing Holdings Xing Holdings’ revenue fell 43.4% year-on-year to US$248 million, and fell 31.9% in the first half to approximately US$511 million.

During the period, manufacturing business revenue was US$248 million, down 43.1% year-on-year. Revenue in the first half of the year fell 32.1% to US$505 million. Jiuxing Holdings stated that the decline in performance was mainly affected by customers delaying or canceling orders and shipments due to the epidemic, and it is expected to record a net loss in the first half of the year.

Clarks, a long-established British shoe company, plans to sell a minority stake and raise a total of up to 150 million pounds

According to sources, Clarks, a well-known British shoe manufacturer, is negotiating with several investors to acquire part of the group’s shares.

According to reports, Clarks plans to raise 100 million to 150 million pounds through the sale of equity. British investment firm OpCapita and U.S. private equity fund Sycamore Partners are potential bidders, and at least one other investor has also started talks with Clarks.

Clarks was founded in 1825. Currently, its founder, the Clarks family, owns 85% of the group’s shares, but this proportion will be reduced after the transaction. However, sources said the negotiations are still in the early stages and are just one of many strategies Clarks is considering.

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