Latest News Briefs – Page 12
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News briefs
Ponto brand president leaves after six months
About six months after being appointed brand president, Barry McGeough has left Ponto, a footwear brand based in Encinitas, California, to join AmeriCo Group, a U.S. manufacturer, merchandiser and marketer of men’s and women’s branded and private label sportswear, activewear, underwear, loungewear and hosiery. McGeough previously held leadership roles ...
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News briefs
Russia is considering banning parallel imports of Western goods
The Russian government is considering banning parallel imports of a broad range of Western non-food goods. The restrictions could be similar to the Russian food embargo imposed by Russian President Vladimir Putin in 2014, said the deputy Russian Industry and Trade Minister, Victor Evtukhov. The ban stopped the import of ...
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News briefs
Bogner and Cappelletti extend footwear licensing partnership
The sports fashion company Willy Bogner and the Italian manufacturer Cappelletti are extending their licensing agreement for Bogner’s footwear ahead of schedule. The licensing partnership between the two family companies has been in place since November 2010 - one of the longest-running partnerships in Bogner’s license portfolio - and, ...
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News briefs
Zegna sees sales up over 10% annually in the medium term
Zegna aims for a compound annual growth rate (CAGR) in revenues at group level of over 10 percent in the medium term and adjusted Ebit growth of around 20 percent. “This will generate significant cash surplus even while taking into consideration higher, targeted investments in marketing and capital expenditure to ...
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News briefsAerosoles signs licensing agreement with Maze for women's pants
Aerosoles signed a new licensing agreement with Maze Collections for the distribution of women’s pants. The partnership follows Aerosoles’ expansion into sleepwear earlier this year and “marks a strategic move into the apparel industry, introducing a line of work-appropriate career pants designed to redefine workplace comfort,” it said. Aerosoles, which ...
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News briefs
Frasers increases its stake in Boohoo to over 17%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 17.22 percent from 16.50 percent, according to a stock exchange filing. The British retailer has been gradually building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an ...
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News briefs
Tod’s appoints Matteo Tamburini as creative director
The Tod’s brand has appointed Matteo Tamburini as the new creative director of its women’s and men’s collections. He will be presenting his first women’s collection for autumn/winter 2024-2025 at Milan’s next fashion week in February 2024. The appointment comes five months after the departure of Walter Chiapponi, who became ...
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News briefs
New chief marketing officer for Merrell
Merrell appointed Pallav Tamaskar as its new chief marketing officer (CMO), effective Nov. 30. As CMO, Tamaskar will be responsible for leading Merrell’s global marketing strategy and “directing the creation of modern and integrated global marketing campaigns, elevating full-funnel media planning, and driving cultural relevance through innovative product collaborations and ...
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News briefs
SMCP enters the Indian market
SMCP, the French fashion group which owns the brands Sandro, Maje, Claudie Pierlot and Fursac, is entering the Indian market thanks to a partnership with Reliance Brands. Under the deal, Reliance Brands becomes the exclusive distributor for Sandro and Maje in the country.
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News briefs
Caleres hires a new SVP of international
Erica Mackoul has joined Caleres as senior vice president of international. In this role, Mackoul and her team will partner with Caleres brand portfolio leadership to target and drive strategic growth initiatives globally, with a specific focus on the group’s four lead brands - Sam Edelman, Allen Edmonds, Naturalizer and ...
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News briefs
Foot Locker expands to India
The U.S. specialty athletic retailer Foot Locker has entered into a long-term partnership with Metro Brands Ltd. and Nykaa Fashion to enter the Indian market. While Metro Brands will have exclusive rights to own and operate Foot Locker stores in India, Nykaa Fashion will be the exclusive e-commerce partner to ...
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News briefs
Permira reportedly picks the banks for Golden Goose's IPO
The private equity Permira has selected the pool of banks that will arrange the initial offering (IPO) of Golden Goose, according to the dailies Financial Times and Il Sole 24 Ore. The coordinators of the IPO are JP Morgan, BofA Merrill Lynch and Mediobanca. Il Sole 24 Ore does not ...
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News briefs
JD Sports in partnership with Instacart for same-day deliveries in North America
JD Sports Fashion and Instacart have entered a partnership to launch same-day delivery from more than 500 JD Sports and Finish Line stores in North America via the Instacart app and website. ”JD Sports is one of the first sports-fashion retail partners to leverage Instacart’s technologies, giving customers access to ...
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News briefs
Shein reportedly files for an IPO in the U.S.
Shein, the Singapore-based fast fashion online retailer, has confidentially filed to go public in the U.S., according to The Wall Street Journal. Goldman Sachs, JP Morgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, it added. Shein was valued at ...
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News briefs
Footway employees and directors invest into the company
Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the Swedish company’s capital. The transaction comprises a total of approximately 8.8 million shares, representing about 8.7 percent of the company’s share capital and 10.4 percent of the voting rights. ...
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News briefs
Tod’s to finance restoration of Milan’s city hall
Tod’s will fund the restoration of Milan’s city hall, which is situated in Piazza della Scala, opposite the eponymous opera house. The works comprise 5,345 square meters of exterior facades and 2,224 square meters of the internal court of honor, which features original elements of the building, including a portico ...
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News briefs
KG Schuhkay completes protective shield proceedings
The Hamburg-based footwear retailer KG Schuhkay has completed its protective shield proceedings. Schuhkay applied for self-administration under the German insolvency law in late March this year and entered protective shield proceedings at the end of May. Despite better-than-expected results, the business outlook was clouded by the fallout from the ...
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News briefs
Permira close to picking the banks for Golden Goose’s IPO
The private equity Permira is in the home stretch regarding the selection of the pool of banks that will arrange the initial offering (IPO) of Golden Goose, that could be held in 2024, according to the daily Il Sole 24 Ore. Goldman Sachs and BofA Merrill Lynch are the frontrunners ...
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News briefs
Frankie4 opens a flagship store in Seattle
Frankie4, an Australian women’s footwear, has opened a permanent store, its first in the U.S., at the Bellevue Collection mall, located outside Seattle. The store was designed by JPC Architects and features 1,844 square feet of retail space. The store follows the success of a pop-up location in Bellevue Square ...
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News briefs
Gerry Weber to be delisted
The German fashion group Gerry Weber is set to undergo a capital cut and to delist from the stock market as part of its restructuring plan, which was confirmed on Oct. 25 by the Essen Restructuring Court. The plan, which also includes a €50,000 capital increase, “was approved with ...
