Latest News Briefs – Page 12
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News briefs
Vagabond appoints a new CEO
A new CEO is taking the helm of the Swedish footwear brand Vagabond Shoemakers after a major change in the company’s structure earlier this year. Fredrik Ohlsson is taking up the position of Chief Executive Officer on Nov. 11, succeeding Anders Odén, who announced his resignation last spring after ...
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News briefs
Nike has appointed a new Chief Diversity Equity and Inclusion Officer
Nike has promoted Kizmet Mills to Chief Diversity Equity and Inclusion Officer, effective Nov.11. She will take over from James Loduca, who announced his departure from the company in a LinkedIn post, citing family reasons, after 18 months in the role. Mills will work close to the new CEO, Elliot ...
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News briefs
BasicNet’s 9-month Ebitda dips by 9%
BasicNet, the Italian parent of Kappa, Robe di Kappa, Superga and Sebago, realized a 9.1 percent decline in nine-month Ebitda to €40.6 million from €44.7 million a year earlier. Nine-month Ebit slipped by 16.4 percent to €26.9 million. Consolidated nine-month revenues declined by 0.5 percent to €296.1 million from ...
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News briefs
ANWR Group appoints a new head of logistics
ANWR Group has appointed Marcel Couturier as General Manager Retail Services & Fulfillment to lead its logistics and wholesale team. He took up his new role on Nov. 1 and reports directly to the executive board and Chief Commercial Officer Tobias Eichmeier. The 41-year-old brings extensive brand and ...
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News briefs
Soex files for bankruptcy
The textile and shoe recycler Soex has filed for bankruptcy amid increased competition from Asia and following the demise of its traditional markets in Eastern Europe. The Reinbek Local Court accepted the application and appointed attorney Matthias Wolgast of the Münzel & Böhm law firm as provisional administrator. The restructuring ...
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News briefs
Wolverine Worldwide appoints a new head for the Active Group
Wolverine World Wide, Inc. has appointed Susie Kuhn as President of its Active Group, effective Oct. 28. She will oversee Wolverine’s key Active Group brands – Merrell, Saucony and Chaco – focusing on brand strategy, consumer engagement, and commercial performance. Reporting directly to the CEO, Chris Hufnagel, Kuhn will also ...
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News briefs
Next hikes its profit guidance again
Next said that in the 13 weeks to Oct. 26, corresponding to its third quarter, full-price sales were up by 7.6 percent year-on-year and 2.6 percentage points ahead of its guidance. “We believe the strong performance was driven by the early arrival of colder weather this year, versus an unusually ...
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News briefs
Prada’s 9-month sales rise 18% in local currencies
In the first nine months of 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €3,829 million. At constant exchange rates, the top line grew by 18 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 15 percent at actual exchange ...
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News briefs
Yue Yuen sees full-year net profit up by 140-145%
Yue Yuen expects its attributable net profit to increase by 140 percent to 145 percent in the first nine months of 2024, compared to the $137.7 million posted a year earlier. In the first half of 2024, the world’s largest footwear manufacturer saw the profit attributable to company owners grow ...
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News briefs
German consumer sentiment improves
In November, German consumer sentiment is expected to improve to -18.3 points from -21.0 points in October, according to a survey published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The preliminary reading for October was -21.2 points. “Following the slight improvement in the previous month, the ...
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News briefs
Ochsner Shoes opens a redesigned flagship store in Zurich
The Swiss shoe retailer Ochsner Shoes has reopened its modernized flagship store on Zurich’s Bahnhofplatz, featuring open, light-filled spaces with natural wooden elements. Product display is enhanced by digital features such as screens and Bita Touch technology, which fit into the overall store concept, providing customers with additional information ...
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News briefs
Permira buys a 40% stake in K-Way
Permira, the private equity that owns an 83 percent stake in Golden Goose, the Italian brand of premium sneakers, has entered into an agreement to buy a 40 percent stake in K-Way from BasicNet. BasicNet will retain a 60 percent stake in the brand known for its waterproof jackets. The ...
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News briefs
Baffin launches protective footwear range for first responders
Baffin launched the Hero Collection, a protective footwear range designed specifically for technical and emergency services. The collection debuts the Ice Hero, available with a safety toe and plate or plain toe, in men’s and women’s sizes. The Hero Collection is available through Baffin.com and retailers across North America. ...
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News briefs
OrthoLite hires a new Vice President of Operational Excellence
The US-based insole specialist OrthoLite hired Raj Santhana as the new Vice President of Operational Excellence. He will be responsible for OrthoLite’s manufacturing excellence and innovation, as well as automation and digital transformation. He will work closely with the company’s Global Foam Innovation Team in a new satellite office located ...
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News briefs
Alaïa’s fishnet ballet flats rated the hottest fashion product in Q3
Alaïa’s fishnet ballet flats were the hottest fashion product in the third quarter, according to The Lyst Index. “Hero Alaïa products are holding their cachet; well over a year since the mighty Alaïa flats first appeared in the Hottest Products ranking in Q2 2023, the fishnet style is this quarter’s ...
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News briefs
Hermès’ sales up over 10% in Q3
Hermès generated sales of €3.704 billion in the third quarter of 2024, up by 10.1 percent on a reported basis and 11.3 percent at constant exchange rates. All regions showed growth, despite a “particularly high” comparison base in Europe and Asia Pacific. In the first nine months of the year, ...
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News briefs
Leder & Schuh opens three new stores
The Austrian shoe retailer Leder & Schuh is continuing its expansion with the opening of three new stores. On Oct. 3, two Humanic shops were launched, one in the Eisenstadt shopping center in the Burgenland region of Austria and in the HEY! Steyr shopping center in Steyr, Upper Austria, ...
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News briefs
Ghost raises $40 million in funding
The private B2B marketplace for worldwide brands, Ghost, has raised $40 million in Series C funding. The funding was led by L Catterton, with participation from existing investors USV, Cathay Innovation, Equal Ventures, and Eniac, a private B2B marketplace for global brands to sell excess inventory to new buyers. Ghost’s ...
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News briefs
Bark and Crocs launch a shoe collection for dogs
Bark, a US omnichannel dog brand, announced on Oct. 23 the release of the “highly anticipated” Pet Crocs, a collection of shoes for dogs created in collaboration with Crocs. The shoes are available to subscribers of BarkBox, a monthly themed surprise of toys and treats, and Super Chewer, a monthly ...
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News briefs
Adidas names a new head of global sales
Adidas’ supervisory board has accepted Arthur Hoeld’s decision to step down as head of global sales. Both parties have mutually agreed on the early termination of his appointment as a member of the executive board, effective at the end of Oct. 31. The Board has appointed Mathieu Sidokpohou to succeed ...
