Latest News Briefs – Page 18
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News briefs
Peter Kaiser opens outlet in Pirmasens
The women’s footwear brand Peter Kaiser has opened its new outlet in Pirmasens, in the Rhineland-Palatinate region of Germany, on the occasion of an open day at Caprice Schuhproduktion earlier this month. More than 1,000 visitors attended the event, according to Caprice. They were offered an insight into the footwear ...
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Otto Group appoints a new CEO
The German mail order company Otto, owner of the Freemans, About You, Bonprix and Evri businesses, has appointed a new Chief Executive Officer. The Chief Financial Officer, Petra Scharner-Wolff, was promoted to the role as Alexander Birken leaves the board after more than eight years as CEO to become Chairman ...
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H.H. Brown launches the brand Align
H.H. Brown launched its newest brand, Align, whose collection ranges from sneakers and lace-ups to loafers and oxfords. The shoes include a premium dual-density footbed for optimal support, weatherproof leathers and sealed-seam construction for added durability, and slip-resistant outsoles for improved grip, the US footwear group said. Align’s spring/summer 2025 ...
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Shoe Carnival hikes its dividend
Shoe Carnival increased its quarterly dividend by 11.1 percent to $0.15 per share, bringing the annualized dividend rate to $0.60 per share. The quarterly cash dividend will be paid on April 21 to shareholders of record as of the close of business on April 7. “This marks our 52nd consecutive ...
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News briefs
Asos’ key shareholders hike their stakes
Bestseller, owned by Danish billionaire Anders Holch Povlsen, increased its stake in Asos to 28.0 percent from 27.1 percent on March 17 through its subsidiary Aktieselskabet, according to bourse filing released by the London Stock Exchange on March 19. Meanwhile, on March 19, Frasers Group hiked its stake in the ...
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Snipes appoints a new CMO in the US
Snipes has appointed Kelley Walton as its Chief Marketing Officer (CMO) for the US. In that role, Walton will hold full strategic authority and budget responsibility for all marketing activities at Snipes in the US, overseeing everything from brand positioning to consumer engagement and market growth. She will also ...
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News briefs
Pakistan footwear exports up over 15% in 8 months to February
Pakistan’s footwear exports rose by 15.48 percent to $126.4 million between July and February, corresponding to the first eight months of the country’s fiscal year, from $109.5 million a year earlier, according to the Pakistan Bureau of Statistics. Leather footwear exports rose by 14.94 percent to $98.12 million in the ...
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News briefs
Tempe's earnings surge by 44%
In fiscal 2024, Tempe increased its revenues by 7 percent to €1,614 million, while net profits grew by 44 percent to €205 million. Founded in 1989, Tempe is 50 percent owned by Inditex. The remainder of the capital is in the hands of Promociones Azarbe, the holding company of the ...
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Tamaris launches men’s shoe collection
Tamaris, a brand of the German footwear manufacturer and distributor Wortmann Group, has launched its first men’s shoe collection. Under the new sub-brand TMRS Men, the women’s shoe brand is leveraging its brand awareness and expanding into an untapped segment. TMRS Men debuts with the spring/summer 2025 season in selected ...
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Sneakersnstuff is back on track
Reziprok, the new owner of Sneakersnstuff, also referred to as SNS, has appointed Erik Manzano Fagerlind as the new CEO of the Swedish sneaker retailer. Manzano Fagerlind is a co-founder of SNS. On Jan. 20, after 25 years in the retail spotlight, SNS filed for bankruptcy at the Swedish Companies ...
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Asos sees H1 revenues in line, adjusted Ebitda ahead of consensus
Asos expects first-half revenue growth to be in line with market consensus and adjusted Ebitda ahead of expectations. The company-compiled consensus for the first half based on nine contributors indicates total sales growth at constant exchange rates of down 13 percent, adjusted Ebitda of £34 million (€41m) and an adjusted ...
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News briefs
French footwear sales down by 1.8% in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 1.8 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.5 percent month-on-month, after falling 0.1 percent in January. Food sales rose by 1.4 percent after falling ...
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News briefs
Authentic Brands Group appoints new head for India
Authentic Brands Group (ABG), whose portfolio includes brands like Reebok, Champion, Nautica, Eddie Bauer, Quiksilver, Billabong, Sperry, Hunter and Ted Baker, has appointed Sanjeet Mehta as Executive Vice President, Head of India, signaling its strategic push into one of the world’s fastest-growing consumer markets. Based in Mumbai, Mehta assumed his ...
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News briefs
Aeffe’s footwear and leather goods sales decline in 2024
In 2024, the revenues of Aeffe’s footwear and leather goods division amounted to €106.2 million, down by 25.3 percent, both at constant and current exchange rates, compared to 2023. The division comprises the luxury footwear brand Pollini. The adjusted Ebitda of the footwear and leather goods division was €7 million ...
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News briefs
Santoni opens its largest store in the world in New York
The year of its 50th anniversary, the Italian luxury footwear brand Santoni opened its largest store in the world in the heart of New York. The 350 square-meter store is situated at 667 Madison Avenue and designed by Patricia Urquiola.
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Ananta Capital invests in the Indian sneaker brand Bacca Bucci
Bacca Bucci, an Indian direct-to-consumer sneaker brand launched in 2013, has raised an undisclosed amount from Mumbai-based Ananta Capital. “This investment from Ananta Capital is not just about funding – it’s about aligning with a partner that understands our vision and has the expertise to help us scale our ambitions ...
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Guess receives offer to be taken over by WHP
Guess’ board received a non-binding offer from WHP Global to take the US clothing, footwear and accessories company private for $13 a share in cash. The takeover, carried out through WHP Investments, would not buy the shares of certain existing shareholders, including Paul Marciano, Maurice Marciano and Carlos Alberini, the ...
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News briefs
Klarna files for IPO in New York
Klarna has applied to list its ordinary shares on the New York Stock Exchange under the symbol “KLAR” through a filing with the US Securities and Exchange Commission. The number of shares to be offered in the initial public offering (IPO) and the price range have not yet been determined, ...
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News briefs
Birkenstock opens fourth store in London
On March 13, Birkenstock opened its fourth store in London, in the Chelsea district. The new 85-square-meter store is located at Blacklands Terrace on King’s Road. The Chelsea store marks Birkenstock’s sixth retail location in the UK. In Europe, the company operates 37 stores across eight countries and plans further ...
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News briefs
KNS International buys Birdies
KNS International, a US e-commerce and direct-to-consumer footwear company, has acquired Birdies, a contemporary lifestyle and fashion-forward women’s footwear brand. No financial details were released. “I have long admired the Birdies brand and the creative vision that founders Bianca Gates and Marisa Sharkey brought to life,” said Greg Tunney, Chief ...
