Latest Headlines – Page 127
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Vivarte asks shareholders to inject more funds or quit
Vivarte, which still owns several shoe retailing chains in France, asked its institutional shareholders on July 11 to refinance the group once more, or to write off their investments in the group and let its creditors take over its control. They have 15 days to make up their minds.The main ...
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Office seeks refinancing
Truworths International of South Africa has started talks with lenders to restructure the debt of Office, the British footwear retail chain that it bought at the end of 2015 for £250 million (€278.7m-$310.3m). It has appointed Alvarez & Marsal Europe and Deloitte as advisors.Office is reported to have debts of ...
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Deichmann pushes omni-channel, works with Tmall
Deichmann has announced the opening or re-opening of three stores in Essen, Frankfurt and Munich between July and August that offer both online and offline purchase options.In the flagship store in Essen, which was reopened on July 11 after six months of renovation, customers can order the products online through ...
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CCC’s H1 growth is powered by online sales
CCC Shoe & Bags, the fast-growing Polish retailing group, had a very strong first-half. Boosted by online sales, which jumped by more than 60 percent, the group's overall revenues for the first six months of 2019 surged by 37 percent to 2,646.6 million zlotys (€620.2m-$699.1m).Retail sales improved by 32 percent ...
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StockX achieves a valuation of $1 billion
The sneaker resale market is hot. StockX, the self-described “stock market of things,” has secured a new round of funding and named a new chief executive. The investment firms of DST Global, General Atlantic and GGV Capital – along with investors from the previous round, such as GV and Battery ...
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Deliveries of online parcels are a challenge
Working in cooperation with PostNord – the combined postal services of Denmark and Sweden – Zalando is testing the use of private residences as pick-up and drop-off locations for its parcels. The program allows people who, for whatever reason – self-employment, retirement, etc. – are often at home during the ...
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Sustainability is a growing marketing tool
The fashion industry is the largest employer in the world, an economic behemoth with about 40 million workers and annual revenues of $3 trillion. Yet most of the workers around the world enjoy little or no labor rights and operate in poor safety conditions. The industry is also the world's ...
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Allbirds expands in Europe
Allbirds, the American brand of sustainable footwear, continues its expansion outside the U.S., entering 12 markets in mainland Europe through a new e-commerce website, allbirds.eu. The company will ship its items to Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Poland, Spain and Sweden.Allbirds, which was founded in ...
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Veja appoints new CEO for global growth
Veja, the French-based brand of sustainable sneakers, has appointed Laure Browne as the group's new chief executive. It is the first time in the company's 15-year history that its co-founders, Sébastien Kopp and Ghislain Morillion, appoint someone else for this role. Previously, Browne worked in senior positions at Auchan Retail, ...
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Lemon Jelly, a green brand by a Portuguese sole producer
Sustainability is a strong trend in the Portuguese shoe industry, and it is being forcefully pursued by Procalcado, one of the biggest manufacturers of soles and injected plastic footwear in the country. The new generation at the head of the company, led by José Azevedo Pinto, decided six years ago ...
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L Catterton is looking to sell R.M. Williams
R.M. Williams is likely to be on the auction block in September. The Australian Financial Review reported back in May that the Australian boot and apparel brand's owner, L Catterton Asia, had engaged Goldman Sachs to seek out potential bidders. According to the newspaper, a public offering is out of ...
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Change in U.S. distribution plunges Sanita into a loss
Sanita Footwear, the Danish producer of clogs had a negative result of 6.5 million Danish kroner (€0.87m-$0.98m) in 2018, compared with net income of DKK 36.2 million in the previous year. While sales and results were relatively positive in Europe, Sanita took a hit in the U.S. due to the winding ...
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Legero creates new functions for future growth
With its appointment of Alenka Klarica to the position of chief commercial officer, Legero United – the Austrian-based group that markets various shoe brands, including Legero, Superfit, Vios and Think – has basically completed a reorganization of its management around the group's chief executive, Stefan Stolitzka, creating various new positions.Klarica, ...
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The EU reaches a trade pact with Mercosur
Twenty years after the start of negotiations, the European Union concluded on June 28 a trade agreement with Mercosur. While indicating that it may take two years for the deal to be formalized, the European Commission noted that the EU is the first major partner to strike a trade pact ...
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Détente on the international trade front
Three moves on the international trade front that have taken place in the last few days have given the shoe industry and the world economy positive signals in the direction of free trade.While the U.S. decided not to go ahead with a new set of punitive tariffs on imports from ...
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Chinese manufacturers are looking at other sources
Wandering in the aisles of Expo Riva Schuh, the mass-market trade show held on June 15-18 in northern Italy, before the announcement at the end of the month that the U.S. and China are resuming trade negotiations, was a great way to gather facts and anecdotes not only about the ...
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Brexit holds up Kidderminster’s foreign orders
Kidderminster Footwear still views Europe as its main export market despite the ongoing uncertainty regarding the future relationship between the U.K. and the European Union (EU). In the meantime, the British sourcing specialist has brought the printing of package labels in-house in order to cut lead times and better cope ...
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Attendance keeps steady at Expo Riva Schuh
The 92nd edition of Expo Riva Schuh, held June 15-18, attracted more than 12,000 visitors from 111 countries, largely in line with the score a year ago and with organizers' expectations. The trade show had 1,462 exhibitors, of which 266 were Italian and the rest foreign, the largest delegation being ...
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Birkenstock stops working with ABC-Mart in Japan
Birkenstock is taking action against ABC-Mart, a major trading partner in Japan, charging product plagiarism. The German shoe manufacturer had already terminated its business relations with Amazon in Europe because of counterfeits that were being sold on its online marketplace. Now, Birkenstock has stopped supplying ABC-Mart, an online and offline ...
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Putin is asked to stop smuggling from China
A big Russian shoe manufacturer and retailer, Unichel, has appealed directly to Russian President Vladimir Putin asking for protection of the domestic footwear market from overwhelming smuggling of products into the country.In a video posted to YouTube, officials of the company estimated that the share of smuggled products on the ...
