All Article articles – Page 27
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ArticleArmani, Dior under investigation for working conditions at suppliers
The Italian competition authority, AGCM, said that it has launched an investigation against the luxury goods groups Giorgio Armani and Christian Dior for alleged “unfair commercial practices.” According to the watchdog, “in some cases”, the companies may have used suppliers employing workers who may have received “inadequate wages”. In addition, ...
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ArticlePölking ends insolvency proceedings
The German shoe wholesaler Pölking has completed its insolvency proceedings after 14 months of self-administration. The proceedings were lifted by the Osnabrück District Court after creditors in early May approved the company’s insolvency plan. As part of the reorganization, Pölking acquired four stores of its sister company Lemax ...
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ArticleBirkenstock hires a managing director for Southeast Asia, Australia
Birkenstock appointed Evelyn Chua as managing director for Southeast Asia and ”Down Under”, effective July 1. In the newly created position, Chua will be based at the German shoemaker’s regional headquarters in Singapore, which covers Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, Australia, and New Zealand. She reports to Klaus ...
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ArticleArgentina focuses on high-end products for the European market
With its 130 million pairs of shoes produced annually, Argentina ranks third among producing countries in the Americas after Brazil, with 849 million pairs, and Mexico, 205 million pairs, according to data released by the Argentine footwear association Cámara de la Industria del Calzado (CIC), as well as its Portuguese ...
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ArticleC-Suite interview: SJ hires a designer to build up its brand identity and starts rolling out its retail concept
SJ, the brand launched simultaneously in Europe and Asia by the Belgian footwear group Cortina in January, has hired an external consultant, Germain Thomine, to help develop its product range and fine tune its image. Meanwhile, SJ is honing its retailing skills in Asia thanks to the opening of points ...
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ArticleThailand’s Central Group takes over the rest of KaDeWe Group
The Thai conglomerate Central Group has taken full control of bankrupt German department store KaDeWe, signing a contract for the takeover of its business operations after obtaining clearance from the insolvency administrator. The financial terms of the deal were not disclosed. In April this year, the Central Group bought ...
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ArticleMunz Group launches the multibrand chain Salamander Store in Russia
Munz Group has launched a new multibrand network of footwear stores called Salamander Store, with a target of 50 doors by the end of the year. Each outlet will hold 1,400 items, not only footwear but also clothing, accessories and even skin care cosmetics. The product range will include leading ...
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ArticleRussian fashion imports from China are resilient despite sanction pressure
Leading Russian marketplaces have been complaining about difficulties importing goods from China as banks of the Asian powerhouse increasingly scrutinize transactions involving Russian businesses. However, footwear imports are yet to be affected by the issue. Russian marketplaces and foreign resellers working on the online platforms have been encountering problems in ...
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ArticleAmerican Exchange Group buys Island Surf Company
American Exchange Group has bought Island Surf Company, a nautically inspired shoe brand founded in 2008. It will become a division of the White Mountain Footwear, benefitting from the brand’s existing infrastructure, sourcing expertise and retail partnerships. “We see tremendous potential with the acquisition of Island Surf Company,” said American ...
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ArticleSabu doubles its 2023 profits
Sabu doubled its earnings in 2023, a year which proved to be one of the best ever for many of the companies part of the German shoe retail cooperative, as the Heilbronn-based firm continued on its recovery path after the Covid-19 pandemic thanks to a further rebound in sales. ...
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ArticleC-Suite interview: Lack of personnel is a global issue for the footwear industry
Over the past 18 months, the management of Expo Riva Schuh & Gardabags has visited the main footwear manufacturing countries of the world, as well as key consumer markets, as part of its efforts to promote the trade show and bolster its international reach. In an interview with Shoe Intelligence, ...
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ArticleFootway transfers e-commerce business to new corporate group
Footway Group AB announced on July 4 that it is separating the company’s e-commerce business as part of a strategic review. The separation is in line with the Swedish company’s efforts over the last four years to split e-commerce and platform into separate business areas. The company’s platform has grown ...
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ArticleShoes For Crews emerges from Chapter 11 process after asset sale
Shoes For Crews, a US firm specializing in slip-resistant footwear, said that it has completed the sale of substantially all of its assets to its first lien secured lenders via a stalking horse credit bid. The sale marks the company’s emergence from its Chapter 11 process. Through the transaction, the ...
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ArticleItalian footwear production slumps in the first quarter
In the first quarter of 2024, revenues of Italian footwear manufacturers fell by 10.1 percent year-on-year, while production declined by 20.5 percent. In the whole of 2023, sales of Italian shoemakers grew by 0.6 percent to €14.58 billion, according to the latest data released, but the increase was underpinned by ...
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ArticleKienast rebrands all ABC and K+K stores as Reno
The German family-owned shoe retailer Kienast Group has announced that between August and October this year it will rebrand approximately 250 of its stores as Reno. The change will affect stores currently operating under the ABC Schuh-Center and K+K Schuh-Center brands. The decision to switch to the Reno banner ...
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ArticleRohde starts building up its US sales team
Rohde has hired its first agent in the US, who will cover the northeast of the country from Pennsylvania to Maine. The German footwear producer of slippers and sandals aims to hire a couple more agents by the end of the year to cover the southeast and the Midwest. “The ...
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ArticleH&M warns that business conditions are more challenging
H&M Hennes & Mauritz continues to expect a 10 percent operating margin this year but warned that conditions have become more challenging to achieve the target. In the fiscal second quarter, which ran from March 1 to May 31, the Swedish fashion retailer’s sales rose by 3 percent in both ...
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ArticleVelasca plans new store openings but pushes back its €100m sales target
Velasca, an Italian startup launched in 2013 by Jacopo Sebastio, the chief executive officer, and Enrico Casati, continues to enjoy strong growth thanks to the extension of its product line and store openings, but warned that it may take longer than expected to reach its annual revenue objective of €100 ...
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ArticleLeder & Schuh’s sales continued to grow in 2023
Austria’s Leder & Schuh, one of Europe’s largest shoe retailers, reported a further increase in sales last year, confirming a positive trend in 2022 and 2021 after the pandemic slump of 2020. Through its Humanic and Shoe4You brands, the company increased its sales by 4.5 percent to €367 million in ...
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ArticleHeinrich Dinkelacker starts production in Tuscany
Heinrich Dinkelacker, the traditional brand of high-end men’s shoes, continues to expand production in Western Europe. After “four years and many rounds of sampling across the European continent”, the company has found a partner in Tuscany, near the fashion and leather goods hub of Florence, to manufacture its Buda ...
