Latest News Briefs – Page 125
-
News briefs
Ferragamo CEO leaves with a €2m golden handshake
Micaela le Divelec Lemmi, Salvatore Ferragamo’s chief executive since 2018, will leave the company early September. The decison was made after the Italian fashion house hired Marco Gobbetti, currently chief executive of Burberry, as its general manager and CEO. He is scheduled to join Ferragamo as soon as he is ...
-
News briefs
H&M swings back to a profit
Hennes & Mauritz (H&M) booked a profit after financial items of SEK 2.204 billion (€226.2m-$257.3m) in the first half ended May 31 compared with a loss of SEK 3.978 billion (€391.3m-$464.5m) the previous year, while the net profit was SEK1.697 billion (€166.9m-$198.1m), up from a loss of SEK 3.063 ...
-
News briefs
Allyson Felix launches the brand Saysh
The American sprinter Allyson Felix has launched Saysh, a new lifestyle brand for women. Felix, who has just qualified for her fifth Olympics, is one of the most decorated U.S. athletes in history. The first product of her new company, the Saysh One sneaker, is available for pre-order on Saysh’s ...
-
News briefs
Timberland in global product take-back program in partnership with ReCircled
Timberland is kicking off a product take-back concept. After launching in the U.S. in August 2021, the program will expand to EMEA this fall and to the APAC region in spring 2022. Developed in partnership with ReCircled, founded in 2019 to provide process and infrastructure for the reuse of footwear ...
-
News briefs
U.S. reportedly asked European countries to delay digital tax
The U.S. has asked several European countries to delay the implementation of the digital services tax, which will serve to fund part of the European Union’s multi-billion dollar recovery plan, the news agency AFP reported citing a U.S. document. In the document, the U.S. noted that approval of the tax ...
-
News briefs
Sole Fashion August edition canceled
The footwear show Sole Fashion, scheduled for Aug. 8-9, has been canceled over a delay in the lifting of the remaining Covid-19 related restrictions in the U.K. The next edition is due on Feb. 27-28, 2022. The event, which is held in the Coventry Building Society Arena (formerly Ricoh Arena) ...
-
News briefs
VF sells its Work segment, except Dickies and Timberland Pro
After announcing in April that it had reached a definitive agreement to sell this business unit, VF Corp. announced that it has completed the divestiture of the workwear portion of its Work segment to an affiliate of Baltimore-based Redwood Capital Investments, LLC, a diversified holding company. The transaction includes the ...
-
News briefs
Saucony unveils Run It Local campaign to support running retailers
Saucony is launching a new initiative, Run It Local, to support specialty running retailers. The €335,000 campaign will run from July to September with various activities across Saucony’s EMEA territories. Beginning with a drive to access runner-reach, a geo-targeted social media burst and digital ads will highlight the benefits of ...
-
News briefs
Capri raises FY guidance
Capri Holdings, the luxury goods conglomerate that owns Versace, Jimmy Choo and Michael Kors, has raised its fiscal 2022 revenues and adjusted earnings per share guidance. The company now expects full-year revenues to be about $5.15 billion compared to a previous guidance of $5.10 billion, primarily reflecting better-than-anticipated fiscal first-quarter ...
-
News briefs
EU maintains personal data transfer to the U.K.
The European Union is maintaining the transfer of personal data to the U.K. despite the fact that the country left the union, thanks to the adoption of two adequacy decisions for the U.K. The European Commission said that the U.K. has fully incorporated the principles, rights and obligations of the ...
-
News briefs
Colosseum’s inside restored thanks to Tod’s
The underground tunnels of Rome’s Colosseum, known as the hypogeum, have been restored thanks to funds provided by the Italian footwear company Tod’s. “This startling new view of the hypogeum is testimony to all that happened under the amphitheatre’s great arena from its inauguration in 80 AD up to the ...
-
News briefs
Allbirds reportedly files for IPO
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has filed for a confidential initial public offering (IPO), according to WWD. A confidential IPO filing allows a company to keep details of its business performance and of the terms of the transaction secret until 15 days before the ...
-
News briefs
Dune London opens a store at Edinburgh’s St James Quarter
Dune London has opened a 1,689 square foot store in St James Quarter, Edinburgh’s new lifestyle district. The shop will showcase the brand’s women’s, men’s and accessories collections and include new “unique premium features.” “Edinburgh is a top location for Dune London. The impressive St James Quarter I’m sure will ...
-
News briefs
Superga picks Lena Gercke as brand ambassador in Germany
Superga, the Italian brand known for its cotton canvas sneaker, said that the German top model and TV presenter Lena Gercke will be its brand ambassador in Germany for the summer 2021 collection. As the face of the campaign, she selected four styles in light and natural tones, also personally ...
-
News briefs
Safety Jogger signs 3-year sponsorship with cycling team
Safety Jogger, a brand of safety shoes and equipment owned by the Belgian footwear trading company Cortina, has signed a three-year sponsorship deal with the Deceuninck-Quick Step cycling team. The partnership will run from 2022 to 2024 and the brand’s logo will be one of the official shirt sponsors of ...
-
News briefs
French National Leather Council re-elects Frank Boehly as president
The French National Leather Council (Conseil National du Cuir or CNC) has re-elected Frank Boehly as its president, a position he has held since 2014. CNC is an umbrella organization for the French leather industry, grouping 21 federations or professional unions ranging from livestock farming to the distribution of finished ...
-
News briefs
Rohde Shoes appoints new key account manager
German shoemaker Rohde has expanded its sales team by appointing Timo Schmermund as key account manager, a position that had long been vacant. He will take up his new post on July 1. Boasting nearly 25 years of experience in the footwear industry, the 46-year-old previously worked for the ...
-
News briefs
La Sportiva opens store in Cortina
La Sportiva has opened a new store in Cortina d’Ampezzo, in the heart of the Dolomites. It is the 11th brand store La Sportiva in Europe. The store, located at Corso Italia 198, sells products for both winter and summer sports, including climbing, trail running, mountaineering and trekking. In addition ...
-
News briefs
Lectra buys Neteven to boost e-commerce solutions
Lectra, a French company that produces laser cutting machinery used by shoemakers, has agreed to buy the entire capital and voting rights of Neteven, a French firm which enables brands to automate and facilitate distribution on online marketplaces. Under the deal, Lectra will initially buy 80 percent of Neteven’s capital ...
-
News briefs
Pioneering footwear designer Armando Pollini dies at 85
Armando Pollini, a veteran footwear designer and entrepreneur, the founder of Armando Pollini Design and an avid experimenter who created many iconic shoe models, died of a heart attack on June 18 at the age of 85. Born in the Italian town of Vigevano, near Milan, in 1935, Pollini ...
