Latest Headlines
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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, ...
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British 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, ...
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Spartoo 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 ...
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Big 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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Skechers 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 ...
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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 ...
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E-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 ...
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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 ...
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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 ...
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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 ...
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Birkenstock 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 ...
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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 ...
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Rocky 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 ...
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Crocs 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 ...
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Enda 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 ...
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Vögele 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 ...
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Fosun 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 ...
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Inditex 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 ...
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Spartoo makes first step towards an IPO
The French e-commerce Spartoo said that the French financial market regulator AMF has approved its registration document in view of a possible initial public offering (IPO) on the Paris stock exchange. Boris Saragaglia , Spartoo’s co-founder, chairman and CEO said “we are convinced that a stock market ...
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Second-hand marketplace Depop bought for $1.625bn
Etsy , an American e-commerce company focused on handmade or vintage items and craft supplies, is buying Depop , a London-based marketplace for the resale of fashion items, for $1.625 billion consisting primarily of cash. The transaction is expected to close during the third quarter of 2021. Depop will ...
