Skoaktiebolaget – Enzo Bonafé, Saint Crispin’s, Löf & Tung

[ZRH1]

Wow. These are great prices on Foster & Son. I'm very tempted...

tempted as well, put not sure with what to wear black penny loafers, ideas?

 

[dangerous]

tempted as well, put not sure with what to wear black penny loafers, ideas?

The penny loafers are arguably the greatest pennies I've ever seen.

 

[MoneyWellSpent]

I am sad to hear this news, and I hope this doesn’t mean that Foster and Son is the next “victim” of the pandemic. I purchased a pair of Keble derbies from Skoaktiebolaget a few months back, and I cannot speak highly enough of them. I was hoping to buy more F&S pairs in the future.

 

[dangerous]

I am sad to hear this news, and I hope this doesn’t mean that Foster and Son is the next “victim” of the pandemic. I purchased a pair of Keble derbies from Skoaktiebolaget a few months back, and I cannot speak highly enough of them. I was hoping to buy more F&S pairs in the future.

Do you have any pictures of them? I just picked up a pair, but mostly FOMO. Will try them on tomorrow in store.

 

[bootyboy]

I am sad to hear this news, and I hope this doesn’t mean that Foster and Son is the next “victim” of the pandemic. I purchased a pair of Keble derbies from Skoaktiebolaget a few months back, and I cannot speak highly enough of them. I was hoping to buy more F&S pairs in the future.

unfortunately, that is exactly what it looks like. Sad news.

 

[MoneyWellSpent]

Do you have any pictures of them? I just picked up a pair, but mostly FOMO. Will try them on tomorrow in store.

These are from when they were new:

 

[CWV]

By any chance they run really snall? I’m usually 8uk and there are no pairs available

 

[ZRH1]

thanks for the replies, my size in the loafer is gone. On another note, I checked F&S records online (submission dated 12.2019). They embarked into a strange IP sale and lease back scheme with a Japanese company. The records themselves show a loss for both years 2019 and 2018.

 

[dangerous]

thanks for the replies, my size in the loafer is gone. On another note, I checked F&S records online (submission dated 12.2019). They embarked into a strange IP sale and lease back scheme with a Japanese company. The records themselves show a loss for both years 2019 and 2018.

Here's an interesting article:

News - The end of Foster & Son? - Shoegazing.com

The first big player in the classic shoe industry that might fall due to corona seems to be British Foster & Son. They closed their factory this

shoegazing.com

They split up RTW and bespoke, ending up backed by Japanese people after the new owner.

 

[dangerous]

These are from when they were new:

Any newer pictures after some wear? Preferably on foot. I'm thinking about using them for normal summers with jeans and linen pants.

 

[ZRH1]

Here's an interesting article:

News - The end of Foster & Son? - Shoegazing.com

The first big player in the classic shoe industry that might fall due to corona seems to be British Foster & Son. They closed their factory this

shoegazing.com

They split up RTW and bespoke, ending up backed by Japanese people after the new owner.

this is the screenshot

 

[MoneyWellSpent]

Any newer pictures after some wear? Preferably on foot. I'm thinking about using them for normal summers with jeans and linen pants.

No, I don’t have any newer pictures with wear at the moment. COVID hasn’t helped with that. While I love the shoes and will enjoy them for years to come, they have only been worn a few times at this point, and mostly because I stubbornly wanted to despite working from home.

 

[MoosicPa]

Very sad to hear about F&S, I was able to score a sample shoe from their sale last week, and just ordered the country calf derby here.

 

[sdfzs]

this is the screenshot

View attachment 1475787

That's a rather brutal royalty increase expected over the coming years mostly assuming a rather good business development. Obviously written in a pre-pandemic time but still

 

[ZRH1]

on a related note, I check the 2019 records of several UK brands and have the following:

Crockett: 30 Mio revenue, 2 Mio profit, half of 2019. Massive 12 Mio GBP cash at hand.
Edward Green: unknown revenue, but 2 Mio GBP stock, increase in profit and in cash.
Gaziano & Girling: probable loss in 2019, high share premium account, not so high cash.
Loake: (2018 data), 21 Mio revenue, 1.5 Mio profit, half of 2017, high cash and stocks.
Cheaney: 11 Mio revenue, 1 Mio profit, slightly lower. Very high retained earnings + cash.
Church's: 17 Mio revenue, growing. Low profit, but then it is turned to Prada, good reserves.
John Lobb UK: no revenue data, but less profit in 2019, decent stock and over 1 Mio in cash.
New & Lingwood: no revenue data, probable 2019 loss, low quality financial balance sheet.
Tricker's: (2018 data), 7 Mio revenue, slightly growing, however loss in both 2018 and 2017.

My objective is to provide insights into health of UK shoemakers. I value Crockett, Edward Green, Loake, Cheaney, Church's and John Lobb as safe, however G&G, N&L as well as Tricker's are not that well.