Latest Headlines – Page 167
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Caleres picks up Allen Edmonds to reach out to male customers
Caleres, the parent company of Famous Footwear and various wholesale brands including Sam Edelman and Franco Sarto, has bought Allen Edmonds from Brentwood Associates for $255 million. Diane Sullivan, chief executive, president and chairman of the American group based in St. Louis, said the acquisition would allow Caleres to drive its ...
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Philippe Model will open stores under new management
Philippe Model has appointed Andrea Pesaresi as its new general manager. The move is part of the brand's broader plan to develop internationally, which comes on the heels of new investments. Alessandro Benetton's 21 Investimenti fund acquired a 70 percent stake in this brand of high-end sneakers in July, with ...
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Going back to its roots, Superga embraces sport
With sports-inspired lifestyle shoes and clothing enjoying a boom all over the world, the well-known Italian brand of sneakers is developing further its new Superga Sport line by investing in sponsorships with former tennis stars. After the rather successful launch of a new line of Superga shoes co-branded with Adriano ...
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Lotto and Stonefly draw closer together
Lotto Sport Italia and Stonefly will remain two distinct legal entities. Specializing in athletic footwear and casual comfort shoes, respectively, and they will keep their brand positioning distinct. They will also continue to be based at their present offices in Trevignano and San Gaetano di Montebelluna, which are not far ...
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Wolverine sells Robeez, lays out the Way Forward
The management of Wolverine Worldwide had already hinted that it was considering the divestiture of some non-core assets, while promising shareholders that it was going to do its best to attain an operating margin of 12 percent by the end of 2018 through a variety of measures.After the discontinuation of ...
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Holster covers Europe from South Africa
In what looks like an interesting business model, Holster, the Australian brand of jelly-filled sandals, is using one of its most successful foreign distributors to sell its products on an exclusive basis to retailers in Germany, France and Italy, although it's based in South Africa. The company will continue to ...
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Ferragamo takes full control in four Asian countries
Salvatore Ferragamo has taken full control of four distribution companies operating in South Korea and three countries in Southeast Asia, thus putting an end to a partnership in those markets with a Hong Kong-based company, Trinity, which belongs to the Li & Fung Group.The Italian company bought the 20 percent ...
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NeroGiardini sees 2016 sales stable
BAG, the Italian footwear group that owns the NeroGiardini brand, expects to finish 2016 with revenues in line with the €209 million posted in 2015 despite a new decline in sales in Russia, where the depreciation of the ruble has affected local demand for Italian-made shoes. The drop occurred in ...
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Zalando opens an office in Alicante
Zalando is opening a sourcing office in Alicante, Spain, for the management of its private labels. At the end of 2016, about five employees will be appointed for quality control. The aim is to work together with local partners and to conduct regular quality checks.Zalando already has sourcing offices in ...
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Rocket Internet narrows losses at main start-ups
Rocket Internet, the German e-commerce investor, is seeking to reassure investors by announcing a fall in its losses and a reassuringly big cash pile as it prepares to place some of the start-ups in its portfolio on the stock market. Founded in Berlin in 2007, Rocket has built up dozens ...
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India and Pakistan struggle with their footwear exports
The latest data from the Council for Leather Exports (CLE) show that the decline in India's exports of these products continued during the financial year ended last March 31. And ICRA, an India-based investment information agency, thinks the outlook remains poor for the world's second-largest footwear manufacturing country, which made ...
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Russian tourists’ luxury purchases are going up again
In October, for the first time in nearly three years, purchases of luxury goods by Russian tourists worldwide increased, according to figures published by Global Blue, the tax-free shopping specialist. Conversely, Chinese tourists, whose purchases account for around 40 percent of the world luxury market, still recorded a slight decrease, ...
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Italian shoemakers ask for better credit conditions
Annarita Pilotti, president of Assocalzaturifici, got a relatively muted reception to her presentation of its eighth annual Shoe Report to members of the Italian Parliament earlier this month, where she provided new numbers to support her request for fiscal incentives and other measures intended to stop the decline in the ...
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Moldovan supplier competing with Rohde?
A German shoe producer, Alois Beck, announced the establishment of a joint venture for the development, production and sale of a collection of women's and men's lounge shoes that will be made in Moldova by a local manufacturer, Floare, with an annual capacity of 1.6 million pairs. The new collection ...
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German shoe retailers have good visibility online
A study of 100 online retailers that sell shoes in Germany by Research Tools shows that they enjoy a 30 percent visibility ratio in the market. The brands' own web stores have a similar ratio of 28 percent. Generalist shoe retailers with physical stores show a relatively visibility ratio of ...
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Van Wezel relaunches Duca del Cosma
As previously reported, Frank van Wezel, the Dutch owner of the Hi-Tec Sports brand, bought the Duca del Cosma brand of golf and golf-inspired shoes a few months ago after it ran into financial problems (Shoe Intelligence, vol. 18, n° 18+19). Van Wezel has just sold the Hi-Tec brand (see ...
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Hi-Tec to be acquired by Cherokee
Cherokee Global Brands (CGB), a U.S. company specializing in apparel sales and licensing, has agreed to take over nearly all of the assets of Hi-Tec Sports International for an aggregate purchase price of about $95.8 million from the Van Wezel family, and to transform the Dutch-based sports and outdoor footwear ...
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Hunter diversifies with a rainy message
Hunter Boot, the British brand of wellington boots, has launched Core Concept, a new seasonless collection of water-repellent garments and accessories, including rubber coats, vinyl ponchos and backpacks with the vivid colors used also in some of the brand's newest rainboots.The launch is backed by a global campaign titled #RainStartsPlay, ...
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Vietnam gains on China, but TPP is nearly dead
Shoe exports from Vietnam rose by 6.0 percent to €6.23 billion in the first six months of 2016, says Lefaso, the country's shoe industry association. Increases were recorded in all categories except for leather shoes, whose exports declined by 11 percent because of the growing importance of athletic footwear in ...
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Kingmaker doesn’t like Trump
The publicly quoted Chinese shoemaker didn't say this directly while disclosing its results for the first half of its financial year, ended Sept. 30, but it warned investors that failure to approve the Trans-Pacific Partnership (TPP) would have a significant impact on its sales, which have already gone down for ...
