Latest Headlines

  • Allbirds Tree Dasher
    Article

    ​Allbirds raises $100 million in funding round

    2020-09-28T16:18:00Z

    Allbirds , the Californian brand of sustainable footwear, has closed a $100 million Series E funding round led by Franklin Templeton , alongside T. Rowe Price , Baillie Gifford , TDM Growth Partners , Rockefeller Capital Management and other investors. According to The Wall Street Journal, which ...

  • Brazil picture
    Article

    Brand reshuffle in the Brazilian footwear industry

    2020-09-28T06:28:00Z

    An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Grendene  boosting its women’s collection, Vulcabras Azaleia  focusing on sportswear and Alpargatas  concentrating on its key brands, including Havaianas .

  • VRG Rizzo
    Article

    VRG reaches deal with creditors, to proceed with capital hike

    2020-09-28T06:28:00Z

    The board of Venue Retail Group (VRG), a retailer of shoes, bags and accessories that operates in Sweden and Norway, has decided to proceed with a Swedish Krona 94.5 million (€8.9m-$10.4m) rights issue. The Swedish company has received subscription commitments and guarantee commitments totaling approximately SEK 73.5 million (€6.9m-$8.1m). ...

  • Chanel
    Article

    Chanel issues €600 million in green bonds

    2020-09-27T12:23:00Z

    The fashion house Chanel placed €600 million in sustainability-linked bonds, or green bonds, that will finance the achievement of carbon reduction targets outlined in its Mission 1.5° plan. The company aims to halve its own emissions by 2030, cut the greenhouse gas emissions of its supply chain by 10 ...

  • Sioux
    Article

    Sioux completes restructuring of wholesale division

    2020-09-27T07:37:00Z

    Less than three months after filing for insolvency, Sioux GmbH successfully underwent a restructuring that will allow the wholesale business to remain part of Sioux Group . The company, which deals with shoe retailers for the Sioux Group, is being taken over by Sioux Schuh GmbH , a ...

  • Harald Neisser
    Article

    Harald Neisser, industry veteran and former Rohde managing director, dies at 68

    2020-09-27T06:08:00Z

    Shoe expert and industry insider Harald Neisser died on Sept. 20, after a serious illness. Serving most recently as a consultant for the German firm Erich Rohde , where he was previously managing director, Neisser was 68 years old. He was active in the shoe industry for decades ...

  • Clarks
    Article

    Hong Kong’s LionRock reportedly enters Clarks bidding war

    2020-09-26T11:54:00Z

    Iconic UK shoe retailer Clarks is reportedly the target of two suitors vying to take a stake in the troubled firm. Hong Kong-based private equity firm LionRock Capital has entered the race to refinance the company, which could see the end of 200 years of majority family ...

  • Goat
    Article

    Goat, the sneaker reseller, is valued at $1.75 billion as it raises more funds

    2020-09-25T17:37:00Z

    With the resale market being as hot as ever, no doubt due partly to the increasing role that the internet is playing, the U.S.-based Goat Group closed an additional Series E funding round $100 million, saying that it was intended to accelerate its development across product categories and geographies. ...

  • eram
    Article

    Eram enters the second-hand market

    2020-09-25T16:11:00Z

    Second-hand, or pre-owned, fashion is a growing trend in France, with brands such as Kiabi , Gémo and Jacadi all launching pre-owned clothing projects. Shoe and apparel retailer Eram has decided to join in, and has recently been testing several schemes offering second-hand fashion items in stores, ...

  • Ant
    Article

    Ant Group debuts cross-border trade platform

    2020-09-25T16:11:00Z

    Chinese fintech company Ant Group , part of e-commerce giant Alibaba , launched an international trade and financial service platform powered by its blockchain-based technology solution AntChain to facilitate the cross-border sale of products and services by small and medium enterprises (SMEs) and to reduce costs for financial institutions serving ...

  • Micam
    Article

    Micam, sister fairs attract 16,000 buyers

    2020-09-24T16:58:00Z

    The footwear trade show Micam Milano , along with four other events representing the Italian fashion industry and that overlapped over a five day-period at the Fiera Milano Rho exhibition hall, attracted 16,000 buyers. The fairs united under the #strongertogether banner. The other events were Mipel , dedicated ...

  • Buy now pay later
    Article

    Klarna grows in the pandemic

    2020-09-23T06:08:00Z

    One clear sign of the boom in the “buy now, pay later” (BNPL) model is the latest fundraising round of Klarna , which saw the Swedish online payments group set a new record for the valuation of a European private fintech company at $10.65 billion, nearly double the $5.5 billion ...

  • Zalando
    Article

    Zalando launches pre-owned trade on its platform

    2020-09-22T07:26:00Z

    Zalando has started trading pre-owned, or second-hand, fashion items on its platform. The online retailer launched the service in Germany and Spain on Sept. 21, and will roll it out in Belgium, France, the Netherlands and Poland in October. If successful in those markets, Zalando could expand the ...

  • Article

    Chamatex to open “smart” footwear factory in France with Salomon and others

    2020-09-22T05:26:00Z

    French textile producer Chamatex has teamed up with Salomon , Babolat and Millet as well as an investment company on the construction of a new footwear manufacturing facility called Advanced Shoe Factory 4.0 (ASF 4.0) in the Auvergne-Rhône-Alpes region of France. ASF 4.0 was founded by ...

  • WL_GORE_Bob_Gore
    Article

    Bob Gore, inventor of Gore-Tex, has died

    2020-09-21T17:45:00Z

    Robert W. “Bob” Gore , chairman emeritus of the board of directors of W. L. Gore Associates , died on Sept. 17 at the age of 83. Gore sat on the board of his family’s materials science company for 57 years, 30 of them as chairman, and served ...

  • Bugatti shoe
    Article

    Bugatti cuts jobs but its shoe license recovers

    2020-09-21T05:57:00Z

    In the wake of a sharp drop in sales as a result of the Covid-19 pandemic, the German clothing supplier Bugatti announced that almost 100 of the 349 jobs at its headquarters in Herford will be axed. “All areas and hierarchical levels” are affected, it said in a statement. ...

  • historic-center-russia-red-square-moscow-92412
    Article

    Russian fashion retailers end up with huge unsold stocks

    2020-09-21T05:53:00Z

    On average, Russian fashion retailers failed to sell 30 percent of their summer collections due to the Covid-19 pandemic, resulting in record levels of unsold stocks, according to the Moscow-based think tank Fashion Consulting Group . Some retailers were unable to sell half of their summer collections, which now ...

  • TikTok
    Article

    ​U.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart

    2020-09-21T05:25:00Z

    The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok . The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to ...

  • Italian shoe manufacturing
    Article

    Most Italian shoe makers expects sales to fall by more than 20% this year

    2020-09-20T12:27:00Z

    More than two-thirds of Italian shoe makers expect their revenues to fall by over 20 percent this year, assuming no worsening of the Covid-19 situation this autumn. In a survey carried out in July by Confindustria Moda ’s research center, and released by the footwear association Assocalzaturifici , showed ...

  • obuv rossii store
    Article

    Obuv Rossii’s August sales rebound sharply

    2020-09-20T06:35:00Z

    Obuv Rossii has enjoyed a strong rebound in sales. In August, the company’s revenues increased by 1.5 times compared to July and exceeded 1 billion rubles (€13.3m -$11.2m), achieving the highest monthly level this year. Its top line exceeded by 16 percent the average monthly revenues seen in the ...