All Article articles – Page 152
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Duca del Cosma builds up internationally
After his takeover of Duca del Cosma in 2016, Frank van Wezel has rapidly built up offices and an international distribution network for the golf footwear brand, to start selling two distinct ranges for the golf course and the street.Van Wezel is the founder of the Hi-Tec and Magnum brands, ...
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The weak pound and store closures hit Shoe Zone
Shoe Zone, the U.K.'s largest discount shoe retailer, made massive investments in its store portfolio in the last financial year. It closed 35 loss-making units, opened 21 stores and refitted 29, bringing its portfolio to 496 in the U.K. and Ireland. The management said that the remaining loss-making stores now make ...
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Footwear production is getting smarter
That was the general message of an interesting two-day conference held in April in Waalwijk, Netherlands. It was the last conference on footwear technology organized by SLEM, the Dutch educational institution, before the recent departure of its founder and head, Nicoline van Enter. She is now pursuing her visionary mission ...
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Pentland forms a joint venture with Lacoste
With annual sales estimated of around €200 million at the wholesale level, representing about 10 percent of Lacoste's total wholesale-equivalent turnover, Pentland Brands and Lacoste have decided to transform their 26-year-old licensing agreement for Lacoste footwear into a capital and profit-sharing joint venture.As part of the new agreement between the ...
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Good growth for Steve Madden
In a preliminary statement, Steve Madden announced a sales increase of 8.3 percent to $364.4 million for its net sales during the fourth quarter ended Dec. 31. The turnover was boosted by the company's recent acquisition of Schwartz & Benjamin, which helped lift Madden's wholesale revenues by 10.6 percent to ...
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Cheaney posts 4% sales increase
Joseph Cheaney & Sons saw its sales increase by 4 percent to £10.3 million (€11.6m-$13.8m) in the full financial year to July 31. The growth was primarily driven by retail expansion. Wholesale and e-commerce sales also increased, the brand said. The Ebitda for the year went up by 7 percent ...
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EU negotiators agree to end unjustified geo-blocking
European Union negotiators have agreed to put an end to unjustified geo-blocking, meaning that consumers should be allowed to purchase more products and services online from websites in other European countries.The agreement was reached on Nov. 20 by the European Parliament, the Council and the Commission, which made it a ...
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New aid scheme for India’s struggling shoe industry
The Indian government has come to the aid of the beleaguered leather and footwear sector with a package of measures worth $404.7 million designed to create 320,00 jobs over the next three years. It provides funds for training and infrastructures and to address environmental concerns relating to the industry, as ...
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Birkenstock cuts ties with Amazon Europe
Birkenstock has severed ties with Amazon Europe, announcing that it was stopping direct deliveries to its European marketplace and related operations as of Jan. 1 because of ongoing concerns about the sale of counterfeit items through its portal. The German shoe manufacturer, which has embarked on a program to reposition ...
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Amazon is facing legal problems in Europe
Birkenstock's action against Amazon in Europe comes will the American online giant is getting other types of legal challenges. The French government has filed a complaint in the Paris Tribunal de Commerce, charging that it is abusing its dominant position with some suppliers. It is seeking a fine of €10 ...
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High ambitions in Bangladesh
The government of Bangladesh has confirmed its commitment to the development of the country's shoe and leather sector, which is the largest source of the country's export revenues after clothing. In opening the first edition of the new Bangladesh Leather Footwear and Leathergoods International Sourcing Show (BLLISS), which took place ...
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Ferragamo issues another profit warning
The recovery of Salvatore Ferragamo will apparently take longer than expected. The company warned that 2018 would be another year of “transition” and that it could no longer confirm the medium-term guidance released in February with its business plan. The board of directors came to this conclusion after examining the management's ...
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Management changes in the Ara Group
Andreas Wortmann, a highly reputed 52-year-old manager, will be the new chief executive of Ara AG, the holding company of Ara Shoes, Lloyd, Legero and Salamander, from June 1, 2018. He previously worked for Paul Green and as executive vice president for branding & product at Ecco, the Danish shoe ...
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PE fund pays a high multiple for Bexley
Bexley, a French shoe retailer that specializes in the development and sale of dressy and classic goodyear welted men's shoes in the affordable luxury segment of the market, has been bought by a private equity fund, LBO France. The price of the transaction was not announced, but according to the ...
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Big Russian shoemaker expands at retail
Russia's AO Shoe Company Unichel, one of the largest footwear manufacturers in the country, said on its website that it will end the year with 60 more stores than in 2016. This is significantly more than in the previous years, when Unichel was opening on average from 20 to 30 ...
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Russia wants to boost shoe exports
Russia's Ministry of Industry and Trade announced plans last month to at least double the exports of its so-called light industry, which includes the footwear sector, by 2025. Deputy Minister Viktor Evtukhov said the industry had already made strong progress in this regard during 2016 and the statistical data will ...
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The Primetime Shoes trade show is cancelled
The new Primetime Shoes trade show, which was scheduled to celebrate its premiere in Frankfurt with about 200 exhibitors on Jan. 27-29, was one of the most discussed topics after the launch of the new Gallery Shoes show in Düsseldorf this past summer. Yan Belyaev, who has been organizing the ...
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Internet marketplaces lose a case in the ECJ
A ruling issued by the European Court of Justice (ECJ) in Luxembourg in favor of Coty earlier this month could help build up a case for other brands premium or luxury brandsagainst the unauthorized sale of their products on third-party online retailing platforms like Amazon or eBay.Asked for its opinion ...
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CCC plans further expansion
CCC, the fast-growing Polish chain of shoe and leathergoods stores, aims to keep the momentum rolling in 2018 by investing strongly in new shops. While announcing its results for the third quarter, it also said it plans to enter at least three new markets in 2018, but company officials declined ...
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Indian children stitch shoes for the global market
Children as young as eight are reportedly missing school to labor in hazardous conditions in Agra, the city of the Taj Mahal, to supply shoes for the global market. A report from the Fair Labor Association (FLA), iMentor and the Stop Child Labour Coalition (SCL), investigated conditions and called on ...
