Latest News Briefs – Page 11
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News briefs
Maersk suspends transit through Red Sea, ships rerouted via Cape of Good Hope
The Danish shipping company Maersk, which manages about a fifth of global container shipping, said that its ships due to sail through the Red Sea and the Gulf of Aden will be rerouted via the Cape of Good Hope. Other companies, including the French group CMA CGM and the German ...
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Shoe Carnival launches new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million, effective Jan. 1, 2024. The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on Dec. 14, 2022, and will expire on Dec. 31, 2023. The board also approved ...
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News briefs
SportsShoes.com expands marketing and design teams
The Britsh online retailer SportsShoes.com announced 10 new appointments to its brand marketing, social media and design teams to support its continued growth and development strategy. Maryse Haynes is joining the company as marketing coordinator from sports and mountain apparel brand Inov-8, where she was head of marketing. Erika ...
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Alpartagas hires a new CEO
Liel Miranda, the CEO of Mondelez International’s Brazil business unit since 2019, will join Alpargatas as CEO on Feb. 1, 2024. He will replace Luiz Fernando Edmond, who is the interim CEO of the Brazilian footwear company since and will remain a member of the Alpargatas’ board of directors. Edmond ...
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News briefs
Massimo Vian joins Gucci as chief industrial and supply chain officer
Massimo Vian is joining Gucci in the newly created role of chief industrial and supply chain officer, effective Jan. 15. A seasoned manager, Vian was previously the chief operating officer of Prada Group, that he joined in May 2020. Vian was also the CEO of the cashmere brand Falconieri for ...
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News briefs
VF confirms Nina Flood as global brand president for Timberland
VF Corp. has confirmed Nina Flood as the global brand president for Timberland. Flood had replaced Susie Mulder on an interim basis in November. Mulder had been Timberland’s global brand president since April 2021 and left VF to become chief operating officer at Nobull, a training footwear and apparel brand. ...
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News briefs
Holding Moda buys Dema
Holding Moda, the investment vehicle created in 2018 by Hind-Holding Industriale, has bought a majority stake in the Italian shoe maker Dema which is located near Naples and specializes in moccasins and sneakers. Holding Moda is creating a diversified hub of Italian fashion manufacturers and now controls 14 companies with ...
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News briefs
H&M misses sales expectations
In the fourth quarter ended Nov. 30, H&M’s sales were virtually flat year-on-year totaling SEK 62.629 billion (€5.57bn) and fell by 4 percent in local currencies. Market expectations were for sales of SEK 62.9 billion. Excluding Russia and Belarus, sales of the Swedish fashion retailer rose by 3 percent, but ...
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News briefs
Palace of Versailles picks Uniform Shoes for its staff
The Palace of Versailles has chosen the Portuguese brand Uniform Shoes to provide footwear for its reception and management teams. The brand was launched in 2014 by Cool Gray, a company founded in 1999 and specializes in technical footwear supplied to leading operators in the airline, railway and cruise ship ...
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News briefs
Threads starts in the EU
Threads, the messaging app owned by Meta, was launched in the European Union on Dec. 14. Meta launched the service, which is a direct competitor of X, formerly known as Twitter, in July outside of the EU. The introduction in the EU was delayed to ensure that the platform complied ...
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News briefs
Inditex 9-month sales up by 14.9% at constant exchange rates
In the nine months to October 31, Inditex’s sales grew by 11.1 percent to €25.6 billion, showing “very satisfactory” development both in stores and online, the Spanish fashion fast group said in a statement. Sales at constant currency rates rose by 14.9 percent. Gross profit increased by 12.3 percent to ...
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News briefs
Caleres wins CSR acclaims
Caleres was awarded on Newsweek’s list of America’s Most Responsible Companies 2024 for the third consecutive year. This award is presented by the magazine Newsweek and Statista, a leading statistics portal and industry ranking provider. The awards list was announced on Dec. 6. Caleres ranked 151 overall, 18 in the ...
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News briefs
Ecco opens its first store in New York
Ecco opened its first store in New York. The 3,250 square-foot shop is situated at 110 Grand Street in SoHo and features the Danish company’s full range of footwear and accessories, as well as some special-edition pieces that will be exclusive to the Manhattan flagship. On Dec. 1, Deniz Erda ...
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News briefs
German consumers prefer to shop in the city center, HDE survey shows
Consumers in Germany prefer high street shopping, a report from the German trade association HDE showed, with over half of those surveyed putting the brick-and-mortar shopping experience above online shopping. Despite growing online sales, people between 16 and 29 years old in particular view high street shopping opportunities as ...
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News briefs
Asso buys the Janet&Janet brand
The Italian shoe maker Asso has acquired Janet&Janet, a women’s footwear brand, from Sthart. Founded in 1987 by Silvano Donati and Sauro Silenzi in the Fermo footwear manufacturing district, in the Italian Marche region, Asso specializes in children’s shoes. In 2019, the company diversified into the adult segment by buying ...
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News briefs
Leder & Schuh secures the Delka brand
The Austrian shoe retailer Leder & Schuh, owner of Humanic and Shoe4you, has taken over the trademark rights of the Austrian footwear retail banner Delka from Ara. The parties have agreed not to disclose the details of the transaction. Established in 1907, Delka filed for bankruptcy in the summer ...
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Lululemon plans to launch men’s footwear in Q1
Lululemon is “gearing up” to launch men’s footwear in the first quarter of 2024 as part of the brand’s effort to attract more male clients, said the CEO, Calvin McDonald, during a conference call with financial analysts. The Canadian producer of performance apparel for yoga, running and training entered the ...
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News briefs
Louboutin sets up a joint venture in India with ABFRL
Christian Louboutin is joining forces with the Indian company Aditya Birla Fashion and Retail Limited (ABFRL). Under the deal, the French brand of luxury footwear will transfer its Indian business into a newly incorporated subsidiary of ABFRL, in which the partners will have equal stakes. Alexis Mourot, Christian Louboutin’s group ...
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News briefs
Kering buys 30% of Valentino
On Nov. 30, Kering completed the acquisition of a 30 percent shareholding in Valentino following clearance from the antitrust authorities. The french conglomerate had announced the purchase of the stake in the Italian fashion house on July 27, 2023. Kering bought the stake from the Qatari group Mayhoola for €1.7 ...
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News briefs
Birkenstock opens a store in Miami
Birkenstock has opened its fifth store in the U.S. in Miami. “Deepening our retail footprint is an important pillar of our long-term growth strategy. We currently have 47 shops around the world. In the U.S., for example, we have some 6,600 doors, but run only five own stores. So there’s ...
