All Article articles – Page 138
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A removable-upper firm seeks an investor
ACBC, an Italian start-up company that is offering a patent-pending modular footwear technology, is looking for an investor to help support its strong development. The majority of its capital is currently held by the company's founders, Gio Giacobbe and Edoardo Iannuzzi.The shareholders have mandated an Italian bank, Banca Sella, to ...
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Ukrainian shoe industry sees threats in growing foreign trade
In the first ten months of 2018, Ukraine exported shoes worth $149 million, 23.1 percent more as compared to the same period of the previous year, says the Ukraine Light Industry Association (UkrLehProm). It pointed out, however, that the country's international trade in the sector is bringing not only opportunities, ...
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Gallery Shoes wants to be more modern and international
Like the former GDS, the new Gallery Shoes fair, launched in Düsseldorf in August 2017, wants to attract a higher proportion of foreign exhibitors and buyers. Among other initiatives, a multilingual team will assist visitors at new digital registration columns that will replace the traditional counters at the entrance of ...
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New management, new lines for Lumberjack
Lumberjack, the Italian brand of casual footwear, is diversifying into the sports and outdoor sectors and moving into new foreign markets while coming under new management. Erkan Emre, who has worked for 17 years for the Turkish group that took over Lumberjack in 2012, has been appointed as its chief ...
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Lower results for Vulcabras
After recording improved results for several quarters, the parent company of Olympikus and Azaleia reported lower sales and profits for its third quarter, just as it is gearing up to take over the distribution of Under Armour in Brazil, producing some of its shoes locally.In contrast with an apparent end ...
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Geox hopes to reach sales of €1 billion
Geox sees 2021 sales rising to €950-1,000 million by 2021 under a revised three-year business plan, representing an average annual increase of 6.5 percent. Footwear and apparel would grow at similar paces.Under the plan, sales would increase at an average annual rate of 5 percent a year in Italy to ...
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Global Fashion Group reached 11M active customers in Q3
The Global Fashion Group (GFG), the international online fashion and lifestyle retailer headquartered in Luxembourg, reported revenues of €264.6 million in the third quarter of its fiscal year ended on Sept. 30, representing a 16.9 percent increase on a constant-currency basis. Net merchandise value – the value of goods sold ...
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The personal luxury goods market should grow by 5% in 2019, with shoes up by 7%
The global market for personal luxury goods is expected to continue to grow at a slightly reduced rate of 5 percent in 2019, according to the Altagamma Consensus 2019. Footwear and accessories are expected to go up by 7 percent, followed by a 5 percent increase for perfumes and cosmetics, while ...
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Geox releases disappointing Q3 results
Geox has announced disappointing third-quarter results and an unconvincing business plan for the three years to 2021, prompting a massive stock market sell-off that has driven the company's share price to record low levels.The top line declined by 8.2 percent to €672.4 million in the first nine months, missing market ...
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Obuv Rossii adds more doors in Russia than planned
Russia's major shoe retailer, Obuv Rossii, opened 51 directly-operated stores (DOS) and 20 partner stores under the Lisette and S-TEP banners in the third quarter of 2018. In total, 36 percent of all DOS were launched in Central Russia, another 34 percent in Siberia, 29 percent in the Urals and ...
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Trade tensions affect Chinese e-tailers
Investors have become more cautious toward China's two biggest e-tailers, the Alibaba Group and JD.com, citing their growing competition and the escalating trade tensions between the U.S. and China.In reporting its results for its second quarter ended on Sept. 30, which showed the lowest growth rate of the past two ...
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Toms comes out against gun violence
Blake Mycoskie, founder of Toms Shoes, appeared earlier this month on a very popular American TV program, The Tonight Show, and took a stance in a contentious debate. Weeping as he recalled recent shootings on American soil – particularly the one in Thousand Oaks, California, about 30 straight-line miles from ...
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Richemont teams up with Alibaba, Kering goes solo
Richemont, which recently acquired Yoox Net-A-Porter (YNAP), has signed a joint venture with Alibaba to offer luxury brands on a new e-commerce website of Alibaba, the Tmall Luxury Pavilion. Mobile apps will be launched in China for YNAP's Mr. Porter and Net-A-Porter websites with Alibaba's technology, logistics, payment and marketing ...
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Important changes at Alpargatas
After working for the Brazilian group for 21 years and running it for the last 15 years, Márcio Luiz Simões Utsch, whose name is generally shortened to Márcio Utsch, is planning to leave as chief executive of Alpargatas in the early part of the first quarter of 2019. Roberto Funari, ...
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Steve Madden’s sales are lifted by Anne Klein
Thanks to robust growth in its core Steve Madden Women's wholesale business, the Steve Madden group once again posted upbeat results in the third quarter. The wholesale accessories business was the standout, with sales increasing by nearly 20 percent on the back of a robust increase in Steve Madden handbags ...
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Clarks performs well only in Asia
Clarks has decided to invest in a European distribution center within the European Union to protect the company from any future duties and tariff regimes following the U.K.'s planned exit from the European Union.Also, because of the trade tensions between the U.S. and China, the British company has stepped up ...
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Hermès and Kering continue to do well in Asia and generally
Like LVMH, whose third-quarter results were reported in our previous issue, both Hermès and Kering continued to perform well in the Chinese market and with Chinese tourists abroad during the period. Hermès launched its e-commerce operations in China last month.In terms of local currencies, Hermès' total revenues grew by 9.7 ...
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Sitoy buys A.Testoni
A Chinese leathergoods group, Sitoy, is celebrating its 50th anniversary with the acquisition of an Italian high-end brand of men's and women's shoes, A.Testoni, from the founding family. No financial details were available.The move follows bigger transactions that have come from the Far East recently, such as the acquisition of ...
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Strategic partnership between CCC and the Hamm-Reno Group
CCC Shoes & Bags, the fast-growing Polish-based shoe retail chain, and the German-based Hamm-Reno Group announced their signature on Nov. 24 of a wide-reaching strategic agreement that could end up with CCC obtaining control of the HR Group at a later stage. The deal is subject to several conditions including ...
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Dr. Martens continues to make big strides
Sales increased by 20 percent to £348.6 million (€394.3m-$447.4m) at Dr. Martens during the financial year ended on March 31. Ebitda went up at an even stronger rate of 33 percent, raising the Ebitda margin by 1.4 percentage points to 14.3 percent.Much of the sales growth came from the opening of ...
