Latest Headlines – Page 195
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Big exodus from Timberland
We could not get any explanations at the time of going to press for the almost simultaneous departure of three top managers of Timberland, despite the encouraging progress that it has made in the recent past under the ownership of VF Corporation and its brightening prospects.We learned first that Patrik ...
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New Eurochief for Deckers
Deckers Brands will have a new to manager for its European business. Sergio Azzolari, a former top executive of Fornarina's parent company, will join the parent company of Ugg Australia and other brands next Feb. 2 as senior vice president for Europe, the Middle East and Africa. He will take ...
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Pacific Brands sells its footwear business
Pacific Brands has agreed to spin off and sell the sports and footwear businesses of its loss-making Brand Collective division for 39 million Australian dollars (€26.8m-$33.7m). The division generated revenues of A$204.5 million (€140.6m-$176.5m) in the financial year ended on June 30, down 8 percent from the previous year, and an ...
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Higher prices and charges for Yue Yuen
Yue Yuen raised its sales by 6. 8 percent to $5,936 million in the first nine months of this year, but its net profit for the period fell by 36.8 percent to $330.5 million. The world's largest shoe manufacturer managed to raise its operating profit before extraordinary items by 9.5 ...
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Foreign brands drive Belle’s progress
Confirmation of an apparent turnaround in the Chinese market came with a strong performance by Belle International in the six months ended on Aug. 31, but the performance of its own footwear brands was more muted than that of the international brands that it distributes in the country. The regular ...
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FDRA rewards responsible footwear manufacturers
FDRA (Footwear Distributors and Retailers of America) has recognized eight Asian shoe factories as “Responsible Footwear Manufacturers,” based on their compliance with FDRA's new Code of Conduct. The designations were given at a special reception for footwear factory executives across Asia on Nov. 4, in Dongguan, China. The event was ...
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Grendene signs a license with Vulcabras
Grendene is reinforcing its links with Vulcabras, which is controlled by other members of the Grendene family, with a licencing agreement to produce and sell women's shoes under the Azaleia and Dijean brand names in thermoplastic materials. Grendene, which is the parent company of Ipanema, Melissa, Grendha and Rider, has ...
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Vulcabras turns around
After a long, steady decline, Vulcabras' share price began to stabilize after the publication on Nov. 5 of the Brazilian company's financial results, which showed a tiny net profit of 3.1 million reais (€1.0m-$1.2m) for the third quarter ended Sept. 30, compared with a loss of R$6.2 million in the year-ago ...
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Alpargatas expands internationally
Alpargatas has come to generate about 30 percent of its turnover outside Brazil, and its foreign business is expanding. The company booked a 26 percent increase year-on-year to 7,088,000 pairs during the third quarter in the volume of shoes sold by its subsidiaries in Europe and the U.S. and to ...
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New data and new campaign by Gore-Tex
About 25 million pairs of footwear were sold in 2013 with Gore-Tex membranes for consumer-oriented applications in more than 50 countries around the world, along with an estimated nine million pieces of garments, pairs of gloves and other accessories.The global footwear volume has been rising at an average compound annual ...
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Hi-Tec launches documentary series
Hi-Tec is launching “The Walkumentary Series,” an online documentary project conceived and produced by This that + the other, an Amsterdam-based advertising agency. The films focus on how walking can lead to extraordinary things and the importance of taking time away from everyday life. Each film views walking from a different ...
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Vivarte signs up for 200 stores in Asia
The French-based retail group has announced a major agreement with a large Hong Kong-based group, Global Retail, for the deployment of three of its footwear retail chains - André, Minelli and Cosmoparis - in eight Asian countries through the establishment of about 200 physical shops and via e-commerce.Vivarte's management is ...
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Declining share prices for Zalando and Rocket Internet
We are still wondering whether a new “internet bubble” is emerging in the world of e-commerce, although the equity market in general has weakened. Zalando had a strong start on the Frankfurt Stock Exchange on Oct. 1, with a jump of up to 30 percent in early trading from the ...
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Netshoes may go public
Netshoes, a Brazilian-based online retailer that has become the world's largest pure e-tailer in the sporting goods sector, is said to be contemplating a public offering, in the wake of other more generalist e-tailers such as Zalando and Alibaba.According to Reuters, Netshoes has been generating an operating profit for the ...
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Jimmy Choo is worth around 12 times Ebitda
Jimmy Choo is not doing much better on the stock exchange than Zalando or Rocket Internet, due no doubt in part to the weaker European equity market and the latest estimates and projections for the luxury goods market. As indicated in the previous article on the luxury goods market, they ...
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Hong Kong protests add to the luxury goods slowdown
Analysts with Bain & Company are expecting a further softening in the international luxury goods market, predicting that it will end the year with an overall increase of only around 5 percent in local currencies, down from 10 percent in 2012 and 8 percent in 2013. In terms of euros, ...
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Italian shoes do better in Germany and China than in Russia
The 190 Italian companies that took part in the Obuv' Mir Kozi shoe show in Moscow have reported lower orders than a year ago, said the Italian shoe industry association, Assocalzaturifici, confirming the slowdown in this important market. The show hosted a total of 250 exhibitors and the number of ...
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Prada cuts sales, store opening target for 2014
As expected, Prada downscaled its projections for the current financial year, in terms of sales as well as plans for new store openings, due to the worsening economic and geopolitical situation, especially in Europe and Asia. The group also has suffered from supply problems in its leathergoods business, which it ...
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LVMH disappoints
LVMH's sales fell by 3 percent in Asia during the third quarter ended Sept. 30, excluding Japan. They increased in all the other major markets, even in Europe. On an organic basis, the group's sales went up by 4 percent in the quarter, after increases of 6 percent in the ...
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Sport does better than luxury at Kering
Kering's luxury goods division improved its sales by 3.7 percent to €1,676.6 million in the third quarter, with growth of 3.5 percent on a comparable basis. The progress was driven by strong performances at directly operated stores, particularly in North America and Japan, where sales went up by 12 and ...
