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NEED TO KNOW
Li Ning’s unit Viva China may take over Clarks for £51m
GMI aims to become a leading luxury shoe producer in 5 yrs
Stocks of footwear companies fell by 16.3% in 2020
UBC plans to buy a fashion brand
Diversity and inclusion are a growing corporate issue
How Covid-19 has impacted companies’ trade show budgets
Nice Footwear books €12 million in orders for spring/summer collection
JD Sports expands massively in Western U.S. with Shoe Palace acquisition
Spartoo gives JB Martin a second chance
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Artémis invests in Goat Group
Groupe Artémis, which controls the Kering luxury group while remaining the biggest shareholder in Puma, has made an unspecified investment in the Goat Group, the online auction-based sneaker reseller. The idea is to help accelerate Goat’s growth, expanding its international reach and diversifying its business in the luxury sector, where ...
DPD resumes U.K. road services to EU after Brexit customs delays
The parcel carrier DPD has resumed its road service from the U.K. to the European Union after resolving customs clearance problems caused by post-Brexit administration rules. The U.K. left the single market on Dec. 31, 2020.
GMI aims to become a leading luxury shoe producer in 5 yrs
Gruppo Manifatture Italiane (GMI) aims to be among the top two Italian producers of shoes in the luxury segment in the next five years, after taking another step in that direction following the acquisition of Broma, a producer of men’s formal shoes and sneakers for luxury brands, in December 2020.
Li Ning’s unit Viva China may take over Clarks for £51m
Chinese Olympic gold-medallist-turned-businessman Li Ning is about to take control of the British shoe maker Clarks less than a month after the iconic brand sold a majority stake to the Hong Kong-based private equity firm LionRock Capital. Li is the non-executive chairman of LionRock.
Stella’s revenues down by 19% in Q4
Stella International continued to struggle in the fourth quarter, ending a difficult year for the Chinese footwear company. Shipment volumes for the last three months of 2020 were down by 21.7 percent from the year-ago quarter to 10.8 million pairs, while total revenues plunged by 18.9 percent to $280.1 million, ...
Stocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
ANWR Schuh names new managing director
The German footwear buying group ANWR Schuh, ANWR Group’s footwear division, kicked off 2021 with a management shake-up.
UBC plans to buy a fashion brand
The Italian company United Brands Company (UBC) is currently in talks to buy a fashion brand and if completed, the deal could radically transform the enterprise.
Unichel restructures its retail network
Russia’s biggest shoe manufacturer, Unichel, is restructuring its retail network to mitigate the impact of the Covid-19 pandemic.
Boohoo lifts revenue guidance as Christmas sales soar
The fast fashion online retailer Boohoo has raised revenue forecasts after a better-than-expected 40 percent surge in pre-Christmas sales.
Primark loses £540m in sales in 4 months due to Covid
The Irish clothing retailer Primark suffered a loss of sales of £540 million (€608m-$739m) in the 16 weeks to Jan. 2 due to store closures deriving from lockdowns in various European countries to combat the spread of the Covid-19 pandemic.
VF reorganizes APAC operations
VF Corp. has decided to move the center of its brands’ operations in the Asia-Pacific region from Hong Kong to Shanghai, where it already has some 900 office and retail employees. Some of the operations will also be transferred to Singapore and Kuala Lumpur, the capital of Malaysia. The transition ...
Dr. Martens steps forward with plans for London listing
The iconic British boot brand Dr. Martens plans to float on the London Stock Exchange as it looks to expand its offering and drive e-commerce sales.
Oeko-Tex carries out its annual standards revision
Oeko-Tex, an association of 18 independent research and testing institutes worldwide that sets standards for more safety in products of the textile and leather industry and their manufacture, is proceeding with its annual revision of test criteria, limit values and requirements for its sustainability certifications and labels – the objective ...
Copenhagen International Fashion Fair cancels February edition
Copenhagen International Fashion Fair (CIFF) will not hold its regular February edition after the Danish government prolonged restrictions to combat the propagation of the Covid-19 pandemic.
U.S. customs is withholding cotton and tomato products from Xinjiang
EU updates supplier/wholesaler/retailer regulations
Wildberries enters the German market
Record sales for Polygiene
Mytheresa IPO to raise $407m
DB Schenker resumes shipments to the U.K.
Italian post office buys a Chinese e-commerce services provider
CVC reportedly in talks to buy Birkenstock
Philippe Zorzetto launches sneakers with Sessile
Dr. Martens’ listing is scheduled early February
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