Latest News Briefs – Page 17
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News briefs
Vivaia opens its first US store
Vivaia, a digitally-native footwear brand launched in 2020, has opened its first US brick-and-mortar store in New York. The 900-square-foot store is located at 68 Prince Street, in the heart of SoHo. The inaugural US store follows the brand’s retail expansion within the US, its largest market globally, and wholesale ...
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Puma has a new CEO
Arthur Hoeld, a longtime Adidas executive, will become the new CEO of Puma following the departure of Arne Freundt due to “differing views on strategy execution.” Freundt, who had been with Puma for 13 years, struggled to gain investor confidence, with his branding-focused strategy failing to deliver expected returns. Hoeld ...
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News briefs
VF names a COO
VF Corp., the parent company of brands like Vans, The North Face and Timberland, has promoted Abhishek Dalmia to Executive Vice President and Chief Operating Officer, effective immediately. Dalmia will lead corporate strategy, digital technology, transformation and supply chain operations in his new role. VF’s last COO was Steve Rendle, ...
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China imposes 34% tariff on all US imports effective April 10
China will impose a 34 percent tariff on all goods imported from the US starting from April 10, in retaliation to the tariffs announced by the US administration, the official Xinhua news agency reported. China also announced export control measures on certain rare earth-related items, including samarium and gadolinium. Xinhua ...
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News briefs
Coats to exit US yarns business
Coats intends to fully exit from the US yarns business run by its Performance Materials (PM) unit in Kings Mountain, North Carolina. “This follows the strategic review of the Americas Yarns business, which started in Q4 2024 and has already resulted in the closure of the Toluca, Mexico facility in ...
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News briefs
Tecnica Group names a new CEO
Andrea Dorigo has been appointed Chief Executive Officer of Tecnica Group, the parent of outdoor footwear and winter sports brands Tecnica, Nordica, Moon Boot, Lowa, Blizzard and Rollerblade. He replaces Giovanni Zoppas, who has led the Italian group since May 2021 and will now serve as a strategic advisor ...
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News briefs
Italy’s population continues to decline
Italy’s population fell to 58.934 million people at the end of 2024, 37,000 less than a year earlier, according to data released by the Italian statistics office Istat. The country’s population has been declining consistently since 2014. Foreign immigration totaled 435,000 people in 2024, about 5,000 less than the previous ...
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Spartoo voted best e-commerce site by French magazine
Spartoo was voted best e-commerce site in the 2025 ranking of Capital, a French monthly economic magazine. The French retailer topped the ranking in the multi-brand footwear category for the fifth year in a row, with an improved score of 8.5/10. Across all categories, Spartoo also ranked first overall, out ...
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News briefs
Birkenstock opens a store in Nashville
Birkenstock opened a store in Nashville, Tennessee. It is the brand’s tenth company-owned retail store in the United States. The store offers a full range of products for women, men, and kids, including the brand’s iconic sandals, clogs, sneakers, shoes, and boots. Guests can also explore the Birkenstock Care Essentials ...
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News briefs
EEC launches a new company structure and advisory board
The European-Clearing-Center (ECC) has streamlined its corporate structure and now operates as a GmbH, or a limited liability company in Germany. The restructuring, according to ECC, aims at increasing efficiency and sharpening the strategic focus of the company, which acts as a platform for electronic data exchange between producers and ...
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News briefs
Primark’s CEO steps down on alleged misconduct
Paul Marchant has resigned as CEO of Primark, according to the retailer’s parent, Associated British Foods (ABF). Eoin Tonge, ABF’s Finance Director, has stepped in to serve as Primark’s Chief Executive on an interim basis and will be working with its senior Primark and Strategic Advisory Board. Joana Edwards, ABF’s ...
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News briefs
Maximilian Krien leaves ANWR Schuh after 12 years
ANWR Schuh’s Head of Business Unit Retail Solutions, Maximilian Krien, is leaving the footwear business of the German buying group ANWR at the end of June to pursue a new professional challenge. Krien has worked at ANWR Schuh for twelve years, spending almost his entire career with the group. He ...
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News briefs
China footwear exports drop in volume and value in 2024
China exported 9.2 billion pairs of shoes in 2024, up by 3.3 percent year-over-year. But in value, exports were down by 4.9 percent to $46.9 billion, according to data released by the China Leather Industry Association (CLIA). Chinese imports of footwear in 2024 grew by 7.5 percent to 200 million ...
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News briefs
Sports Gear opens a factory in Portugal
Sports Gear, a Taiwanese group specializing in sports footwear and supplying major brands such as Adidas, Nike and Puma, has invested €15.3 million in a factory in the Portuguese town of Estarreja, the Portuguese daily Diário de Notícias reported. Inaugurated on March 7, the factory currently employs 20 workers, but ...
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News briefs
ILM announces dates for 2026
The 163rd edition of ILM, the international leather goods fair held in Offenbach am Main, near Frankfurt, is scheduled to take place from Feb. 7 to Feb. 9, 2026, the organizer of the event, Messe Offenbach, announced. The dates were deliberately chosen to coincide with the Ambiente consumer ...
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News briefs
Zegna’s full-year net profit slips on higher tax rate
Ermenegildo Zegna posted a net profit of €90.9 million in 2024, down from €135.7 million the year earlier, in part due to the group’s effective tax rate returning to a more standard level of 30 percent from 20 percent in the previous year. The gross margin increased to 66.6 percent ...
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Altofare reportedly to renegotiate its debt
Altofare, an Italian supplier of components to the luxury goods industry, including footwear, is preparing to renegotiate its debt with creditors, according to the news agency Bloomberg. The group has hired the consultancy KPMG and the law firm Chiomenti for advice on its debt, Bloomberg reported, citing people familiar with ...
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News briefs
Foot Locker has a new President
Foot Locker has announced that Franklin R. Bracken, Executive Vice President and Chief Commercial Officer, has been named President, effective immediately. Bracken will continue reporting to Mary Dillon, the group’s Chief Executive Officer. As President, Bracken will work alongside Dillon to accelerate the execution of the Lace Up Plan, the ...
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Decathlon has a new CEO
Javier López has replaced Barbara Martin Coppola as the CEO of Decathlon. López has been with the company for 26 years and held numerous positions in digital, logistics and retail. He headed Decathlon Germany from 2012 to 2015, served as CEO of Decathlon Spain from 2015 to 2022 and became ...
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News briefs
German consumer confidence improves slightly after the general election
Germany’s consumer climate is expected to improve to -24.5 points in April from -24.6 in March, according to a preliminary estimate by the GfK Consumer Climate powered by NIM, which is published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). It was the first survey after the ...
