Latest Headlines – Page 3
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ArticleAlpargatas books more inventory write-offs
Alpartagas, the parent company of Havaianas, took an inventory write-off of 164.3 million Brazilian reais (€27.4m) in the fourth quarter of 2024 and R$227.3 million (€37.1m) for the full year. The company had generated inventory surplus in 2021 and 2022. Alpartagas said that it following the write-off it ”is now ...
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ArticlePortuguese footwear exports rise in volume, fall in value
The Portuguese footwear industry exported 67 million pairs of shoes worldwide in 2024, up 3.3 percent from 2023. However, in value, exports fell by 6.5 perdent to €1.702 billion, according to the Portuguese footwear association Apiccaps citing preliminary data from the country’s statistics institute, INE. Portugal exports more than 90 ...
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ArticleGerman court rejects Birkenstock attempt to obtain copyright protection for its sandals
Birkenstock’s attempt to obtain copyright protection in Germany for its signature cork-soled sandals as “works of applied art” has failed, according to a statement released by the rival footwear company, Wortmann Group. Birkenstock filed three separate lawsuits for copyright infringement with Germany’s Federal Court of Justice (BGH), the country’s highest ...
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ArticleBirkenstock’s Q1 sales come in below expectations
In the fiscal first quarter ended Dec. 31, Birkenstock Holding, the UK-based owner of the German sandal maker Birkenstock, posted revenues of €361.7 million, a year-over-year increase of 19 percent on a reported and constant currency basis but below market expectations by about €10 million. The top line was underpinned ...
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ArticleFirst phase of Wolverine’s turnaround is complete
Wolverine Worldwide, the parent company of Merrell and Saucony parent, in reporting its fourth-quarter results, said the first phase of its turnaround strategy is completed with cost cuts and margin expansions as key highlights of the effort. However, the company continues to face macroeconomic uncertainties within retail and possible tariff ...
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ArticleGoldstar notches another win against Birkenstock in French court
The Italian footwear manufacturer Rafting Goldstar has won another round in a long-running legal dispute with the German shoe manufacturer Birkenstock. The French Court of Appeal upheld the decision of the European Court of Justice from 2018, when judges dismissed the Rhineland-Palatinate-based sandal maker’s lawsuit against the Italian family-owned ...
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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 ...
