Latest Headlines – Page 193
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Skechers creates a subsidiary for Eastern Europe
Skechers USA will switch from third-party distributors to a wholly-owned operation for its business in Central and Eastern Europe. Called Skechers CEE, the new subsidiary will be based in Budapest. It will be run by Peter Dulic, who has been taking care of Skechers for nearly 20 years, launching the ...
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Ribatt will run Crocs
Gregg Ribatt, a seasoned executive who helped to strongly build brands such as Sperry Top-Sider and Stuart Weitzman, has started to act as the new chief executive of Crocs. He takes the place left vacant by the retirement of John McCarvel last spring.Andrew Rees will remain president and will report ...
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New challenges for two German managers
Stephan Krug, a 52-year-old German executive with lots of experience in the footwear and sporting goods sectors, has been appointed chief executive of Sabu Schuh & Marketing, the German cooperative of shoe retailers, effective July 1. He will take over from Ralph Hanus, who is going to move to Gabor ...
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Expo Riva Schuh moves into publishing
Expo Riva Schuh, the biggest international trade show for low and medium-priced footwear, is securing its future through long-term contracts with exhibitors from China and India, the world's two largest manufacturing countries. It is also moving into publishing with an agreement that gives it editorial control over Foto Shoe 30, ...
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Good turnout in Florence, not in Paris
At around 24,000, the number of buyers at the Pitti Uomo fair in Florence on Jan. 13-16 was 15 percent higher than a year earlier, with increases of 17 percent from Italy and 11 percent from the rest of the world. Including other types of visitors, total attendance reached a ...
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A rather special Berlin Fashion Week
Benefiting from the cancellation of Bread & Butter, all the other trade show in Berlin performed well last month. B&B held a small show at its own headquarters, hosting 45 brands, including some suppliers to its own 14oz. retail stores, and said it plans to go back to the former ...
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Liberty grows more slowly, focusing on the Indian market
Liberty Shoes, the second-largest shoe company in India after Bata, has downscaled the expansion of its domestic retail network. According to an executive of the company, the group should end up with about 150 new Liberty stores throughout the country opened in the course of its current financial year, ending ...
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Slem has big ambitions
Slem is a two-year-old international innovation and education institute in the footwear field, based in Waalwijk that is launching many ground-breaking initiatives. Acting as a school, as a museum and as a think tank for the industry at the same time, it initiated a new master's degree course on footwear ...
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Backjoy, a new brand of comfort shoes
Veterans of the shoe industry are introducing a new brand of rather sophisticated comfort shoes, Backjoy, describing it as the first “personal wellness shoe” in the market. It was successfully launched in the U.S. last August. It will be shown at the GDS fair in Düsseldorf, starting tomorrow, for distribution ...
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New advances in footwear customization
The customization of shoes is taking on new dimensions and proportions with the advent of 3D printing, new materials and foot scanning technologies. One of the most interesting initiatives in this field is Feetz, one of the projects presented at the first conference on future materials and technologies organized by ...
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New owner from the U.S. for Bruno Magli
A court in Bologna accepted yesterday the proposal made by an American equity fund, Neuberger Berman, for the takeover of Bruno Magli. The fund has accepted to pay all the outstanding debts of the Italian shoe company, amounting to about €20 million, and to inject a further €5 million to ...
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Coach will acquire Stuart Weitzman
Coach, the struggling American leathergoods company, has confirmed an agreement to buy all the shares in Stuart Weitzman, the U.S.-based shoe company. Weitzman himself, who has been acting as creative director and executive chairman, and Wayne Kulkin, recently appointed president and chief executive, have agreed to stay with the company ...
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Brown Shoe sells its web store to Roger Harding
A Canadian investor, Roger Harding, continues to build up a big online shoe retailing powerhouse in North America with his acquisition of Shoes.com, the e-commerce subsidiary of Brown Shoe Co. The takeover expands his database of customers and raises the number of brands carried by his main property in the ...
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Noël is insolvent
Noël Entreprises, the French footwear company that has been a licensee of Umbro for France for quite some time, was placed in receivership by a court in Rennes on Dec. 8, with until June 8 to present a recapitalization plan. On Dec. 16, another court at Pau, made a similar ...
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Spanish footwear exports up 15%
Spanish shoe exports performed better than those of Italian and Portuguese shoemakers in the first nine months of 2014. They increased by 15 percent in value and 11.5 percent in volume, reaching a level of 122.5 million pairs worth €2,082 million. The Spanish shoe industry association, Fice, stressed that the ...
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Bread & Butter is cancelled
Karl-Heinz Müller announced on Dec. 9 the cancellation of the Jan. 19-21, 2015 edition of Bread & Butter, the alternative show for trendy brands that he had founded 14 years ago. “I am convinced of the fact that our success cannot be continued by repeating the past. Maybe something great ...
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Lion Capital buys Pittarosso from 21 Investimenti
Lion Capital, the consumer-focused U.K.-based equity fund that has already invested in Jimmy Choo, has acquired the Italian Pittarosso chain of shoe shops from 21 Investimenti and other minority shareholders including members of the founding family. The financial terms of the transaction have not been disclosed. 21 Investimenti will support ...
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ANWR is allowed to take over a Bavarian retailer - temporarily
Affiliated members of the ANWR Group, the biggest German and European cooperative of independent shoe retailers, have approved last month its acquisition of Schuh & Sport Mücke, a large German chain of shoe and sporting goods retail stores. At an extraordinary general meeting held on Nov. 23, the majority of ...
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EU postpones decision on origin labeling
The Competitiveness Council of the European Union postponed a decision on the establishment of mandatory country of origin labels for non-food products to 2015 at a meeting in Brussels on Dec. 4. Italian shoemakers are disappointed because Italy is holding the presidency of the EU Council in the second half ...
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Italy stands to make fewer shoes this year
The Italian shoe industry is facing the likelihood of a “triple-dip recession “ of sorts this year, according to Cleto Sagripanti, president of Assocalzaturifici, as a survey conducted by the Italian shoe industry association indicates that the production of footwear in the country may decline for the year. A survey ...
