News

Midas and Mollini saved by Cinori

Django_w300Ex Figgins Holdings brands Midas and Mollini look set for a new lease on life, after being rescued from Figgins Holdings’ extinction by Melbourne company Cinori Shoes.

The family owned and managed Cinori business has a reputation for high quality, fashionable footwear sourced from Italy, Spain, France and various markets across the Americas including New York.

With a strong emphasis on quality leathers and craftsmanship and a leaning towards timeless, differentiated product rather than fashion focused ranges, it is hoped Cinori will re-invigorate the Midas and Mollini brands.

Cinori’s range encompasses well known Australian brands including I Love Billy, Django & Juliette (pictured) and Gamins.

In related news, the Emporio four-level Bourke Street store has hit the rental market. Located at 280 – 282 Bourke Street, the building offers 74 square metres of ground floor space, and another 465 square metres in the basement and on the upper levels.

Bourke Street Mall is Melbourne’s most expensive rental retail precinct and the building is expected to rent for about $900,000 per annum.

Emporio shoes traded from the building until Figgins Holdings went into administration, following various earlier attempts to restructure the business, including the closure of its Shoobiz retail stores.

At the time of writing, Figgins’ administrator GS Andrews is seeking a buyer for the Emporio, Evelyn Miles and Shoobiz brands.

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