Latest Headlines – Page 16
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ArticleCaleres buys Stuart Weitzman for $105m
Tapestry has entered into a definitive agreement to sell the Stuart Weitzman footwear brand to Caleres for $105 million. The transaction is expected to close in the summer of 2025. “The acquisition cements Caleres’ leadership position in women’s fashion footwear, particularly in the contemporary segment of the market,” Caleres said ...
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ArticleEmerging designer: Moroccan babouches get a Milan fashion twist
Established in Milan in 2022 and launched during Milan Fashion Week in June of that year, the Babú brand of fashionable flats are designed for comfort, as well as functionality. Inspired by the traditional Moroccan babouches, these edgy, pointed-toe loafers with a Milan fashion twist are perfect for daytime as ...
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ArticleCrocs looks to international business to drive sales growth in 2025 and beyond
Crocs is looking to its international business to drive sales growth once again in 2025, as it also lays the groundwork for a new wave of expansion in its home market through diversification efforts away from its core clogs. In 2025, enterprise revenues for Crocs are expected to increase by ...
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ArticleCaleres enters a footwear license deal with Favorite Daughter
Caleres has entered into an exclusive license agreement to launch Favorite Daughter’s first shoe line. Caleres will produce the US brand’s women’s shoes starting with the fall 2025 season. The partnership follows a collaboration between Caleres’ portfolio brand, Dr. Scholl’s, and Favorite Daughter dropping in May 2025. Favorite Daughter is ...
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ArticleSteve Madden buys Kurt Geiger for £289m
Steve Madden has entered into a definitive agreement to acquire Kurt Geiger from a group led by the private equity firm Cinven for an enterprise value of approximately £289 million (€347m) in cash. The US footwear group intends to fund the transaction with a combination of debt and cash on ...
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ArticleOutDoor 2025 trade show paused
OutDoor 2025 has been paused by Messe München (MMG) and the European Outdoor Group (EOG).
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ArticleC-Suite interview: Zhejiang Huanqiu seeks European distributors and an outdoor brand
Zhejiang Huanqiu Shoes Co. Ltd, a Chinese footwear group that owns the Huanqiu and Babaya brands, is seeking distributors in Western Europe, with a focus on France, Italy and Germany as well as an interest in Spain and the UK. The group is also keen on acquiring an outdoor brand ...
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ArticleZalando recruits five key persons, two SVP and one CFO
Zalando is strengthening its management team to drive its expansion into a leading pan-European e-commerce ecosystem for fashion and lifestyle. The German online fashion retailer is strengthening its leadership to drive its strategy of building the leading pan-European e-commerce ecosystem for fashion and lifestyle. This will help the company capitalize ...
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ArticleStuart Weitzman’s sales hit by softness in direct sales in Greater China and North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $69.7 million in the fiscal second quarter ended Dec. 28, down by a reported 15 percent year-on-year and by 16 percent at constant currency rates primarily due to softness in direct channels in Greater China ...
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ArticleEmerging designer: Naples-inspired sandals stride out worldwide
Self-named and established in 2017, Ardemia is Ardemia de’ Gennaro’s brand of luxury all-leather, hand-made sandals, shoes and accessories. While studying for a Fashion Design qualification, de’ Gennaro opted to specialize in footwear, because – she says – this field affords enormous creative potential while respecting highly specific engineering principles. ...
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ArticleSkechers sees solid growth despite China challenges, forex headwinds
Skechers anticipates another year of solid growth in 2025, despite expectations of only a gradual improvement in the important Chinese market, along with foreign exchange and other headwinds. In 2025, Skechers projects sales of $9.70-9.80 billion, reflecting growth of about 8.7 percent at the midpoint, with foreign exchange headwinds seen ...
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ArticleJimmy Choo’s sales decline in Q3 and are expected to fall next year
Jimmy Choo posted a decline in sales and an operating loss for its fiscal third quarter, and the brand is expected to continue seeing flagging revenues and book a loss next year. In the three months ended Dec. 28, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted ...
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ArticleArchive raises $30m in Series B funding
Archive, a US technology company that powers resale businesses for brands such as Dr. Martens and New Balance, secured $30 million in Series B funding, led by Energize Capital, bringing its total funding to date to $54 million. Other participants included returning investors Lightspeed Venture Partners, Bain Capital Ventures, G9 ...
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ArticlePeter Hahn ends insolvency proceedings
The German clothing firm Peter Hahn has successfully completed its insolvency proceedings under its own management, according to a ruling from the Stuttgart District Court, which has cleared the way for a previously agreed takeover by Wourth Group. Peter Hahn “now has a new investor and thus a long-term perspective ...
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ArticleFerragamo’s CEO steps down
Marco Gobbetti is stepping down as the Chief Executive Officer and General Manager of Salvatore Ferragamo, three years after joining the Italian fashion house from Burberry. Ferragamo said that Gobbetti’s departure would be effective on the date of the approval of the company’s 2024 results on March 6. The Chairman, ...
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ArticleBoot Barn raises guidance as it starts Q4 strongly, prepares to protect margins as tariffs loom
Boot Barn raised its guidance for the fiscal year ending in March 2025 after starting out the fourth quarter strongly. Management also indicated the company was prepared to take actions to protect margins in the face of tariffs on imports from Mexico and China, including passing a portion of the ...
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ArticleFerragamo posts “encouraging” DTC sales in Q4
In the fourth quarter of 2024, Salvatore Ferragamo posted overall revenues of €291 million, down by a reported 6.7 percent and by 4.0 percent at constant exchange rates, partly due to a decline in the hedging cash flow to €0.2 million from €4.0 million a year earlier. Net sales in ...
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ArticleDeckers sees headwinds in Q4 after ‘superb’ Q3, winding down Koolaburra
Deckers Outdoor warned of headwinds in the fourth quarter of its financial year, after posting record earnings and sales in what management described as a “superb” third quarter. Sales in the third quarter ended Dec. 31 grew by 17.1 percent compared to the year earlier to $1.827 billion, with 16.6 ...
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ArticleH&M’s Q4 sales up 3% in local currencies
H&M Hennes & Mauritz’s net sales in the fourth quarter, ended Nov. 30, amounted to SEK 62.193 billion (€5.42bn), down from SEK 62.650 billion a year earlier. In local currencies, net sales increased by 3 percent. RBC Capital Markets’ analyst Richard Chamberlain pointed out that the fourth-quarter sales growth was ...
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ArticleVF Corp. transition for Vans’ business moving forward
VF Corp. will reveal more about its strategy for Vans at an investor day on March 6. In detailing third-quarter results, President and CEO Bracken Darrell said the company is continuing to expand into different forms of demand creation and action sports.
