Latest Headlines – Page 87
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ArticleMicam confirms a physical edition in September
Micam, the Milan-based footwear trade show, confirmed that it will hold a physical edition from Sept.19 to 21. The physical edition of Micam scheduled from March 21 to 23 was canceled because of the resurgence of the Covid-19 pandemic. The trade show had to hold a virtual event from March ...
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ArticleA digital expert will be Wolverine’s new CEO
Blake Krueger, who was reported a few weeks ago to be 66 years old, with a net worth of more than $40 million, is gradually relinquishing his functions at Wolverine Worldwide, where he has worked for 28 years. The 52-year-old Brandan Hoffmann, who took his place as president of the ...
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ArticleRizzo applies for extension of restructuring period
Rizzo Group, formerly known as Venue Retail Group, has applied for a three-month extension to its corporate reorganization which began on March 23 following a ruling by a Stockholm-based court. On April 23, the group’s wholly-owned Rizzo International also applied for corporate reorganization. In a statement, the Swedish company said ...
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ArticleBritish Footwear Association promotes solution to reduce Covid-19 contamination
The British Footwear Association (BFA) is promoting a solution to reduce the contamination of Covid-19 following a collaboration with the De Montfort University Leicester (DMU), in England. The team, led by DMU microbiologist Katie Laird, head of the Infectious Disease Research Group, and virologist Maitreyi Shivkumar, looked at how the ...
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ArticleSpartoo aims to raise about €22m in an IPO
The French footwear and fashion e-retailer Spartoo intends to raise about €22 million from an initial public offering (IPO) now underway, with funds earmarked to accelerate growth of its footwear business, roll out new physical stores and invest in brand awareness. The offering of shares to retail investors runs through ...
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ArticleBig business on social media: Where digital natives shop
The plain “Buy now”-button seems to be a thing of the past. Online shopping is reducing friction, getting more intuitive, more fluid – and more social. “Social commerce” – or “social shopping” – is the fastest-growing distribution channel worldwide. Shoppable posts and stories allow brands and users to tag specific ...
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ArticleSkechers opens its first flagship in Spain
Skechers has opened its first flagship store in Spain. The 499 square meter shop is located in Barcelona’s Barrio Gótico, one of the city’s most famous shopping areas. Txerra Díaz, general manager of Skechers Iberia, said that the group sees ”great growth potential in the already successful Spanish market”. He ...
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Exor, WWICL to invest in medium-sized Italian companies
The Dutch-registered holding company Exor and The World-Wide Investment Company Limited (WWICL), a Hong Kong-based family office, have joined forces to invest in and support the global development of medium-sized Italian companies specializing in consumer goods excellence. The partners will create a 50/50 owned company called Nuo run by Tommaso ...
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ArticleE-commerce lifts Dr. Martens’ full-year sales
The British footwear brand Dr. Martens reported a jump in full-year revenue and earnings in its first results as a listed company, driven by solid online sales as it reiterated its medium-term guidance. In the year to March 31, 2021, revenues rose by 15 percent to £773.0 million (€904.0m-$1.08bn). However, ...
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H&M Q2 sales up 75% in local currencies
Hennes & Mauritz (H&M)’s sales in the second quarter ended May 31 rose by 75 percent in local currencies and by 62 percent on a reported basis to 46,509 million Swedish krona (€4,601m-$5,577m). The company benefited from the strengthening of the krona, but continued to be affected by restriction caused ...
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Supply Chain Act adopted by German parliament
The German parliament passed the Supply Chain Act. The law, which aims to force companies to take responsibility for human rights abuses such as forced and child labor, forced evictions, oil pollution and land theft within their supply chains, will come into effect on Jan. 1, 2023. As a first ...
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Boohoo Q1 revenues rise 32% as U.K., U.S. drive growth
The British fast fashion online retailer Boohoo reported a jump in first-quarter revenues due to strong performances in the U.K. and U.S. as Covid-19 lockdowns persisted, favoring e-commerce. The company reaffirmed its full-year guidance. Group revenues rose by 32 percent to £486.1 million (€564.0m-$684.0m) in the three months to May ...
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ArticleBirkenstock to directly manage sales in France
Birkenstock has taken over the direct management of sales in France under the leadership of the country manager Laurent Hollander, who will oversee a local team covering sales, trade marketing and digital activities. Hollander was previously based in Germany as regional manager for the footwear company. Prior to joining Birkenstock, ...
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ArticleC-Suite interview: Saye enjoys strong growth with its focus on sustainable shoes
In 2017, three friends from university decided to finance their first model of a sustainable shoe through a crowdfunding campaign. The venture has led them to sell more than 52,000 pairs in three years. This is the story of Saye, a Barcelona-based footwear company which booked €5.4 million in cumulated ...
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ArticleRocky Brands confident to grow 20% in 2021
The American footwear company Rocky Brands is “pretty confident” to increase sales by 20 percent this year after the top line rose by 57.3 percent to $87.7 million in the first quarter. During the Baird 2021 Global Consumer, Technology & Services conference, the company’s CEO Jason Brooks said that the ...
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ArticleEnda enters the Italian and Spanish markets
Enda, a brand of running shoes assembled in Kenya, is entering the European market and is currently available in Italy and Spain. Weldon Kennedy, a British-American entrepreneur, founded Enda together with Navalayo Osembo-Ombati, a Kenyan lawyer and accountant who is the company’s CEO. She graduated in London and also worked ...
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ArticleCrocs seeks to block import of counterfeits into the U.S.
Crocs filed a complaint with the U.S. International Trade Commission (ITC) seeking an investigation of allegedly ”unlawfully imported shoes” into the U.S. in ”violation of its registered trademarks.” With the complaint, Crocs is seeking to block the importation and subsequent sale of products into the U.S. that infringe on its ...
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ArticleVögele Shoes has a new owner, 36 stores to be closed
The Swiss footwear retailer Vögele Shoes has changed hands and is closing 36 stores in a strategic overhaul. On June 3, the company, based in Uznach, in the canton of St. Gallen, was sold by Polish shoes and accessories group CCC to German peer Cm.shoes GmbH with the support ...
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ArticleFosun Fashion Group buys Sergio Rossi
Fosun Fashion Group (FFG) has signed an agreement to acquire a 100 percent stake in the Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding, a subsidiary of the Italian investment firm Investindustrial. No financial details were released, but the deal is expected to close during the summer. FFG ...
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ArticleInditex sales surge past 2019 level as store reopenings continue
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, saw sales at the start of its second quarter push past the 2019 level, helped by the reopening of stores and the popularity of Spring collections. In the May 1 to ...
