Latest News Briefs – Page 2
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News briefs
Gerli co-founder Bruno Heim dies at 84
Bruno Heim, the co-founder of the German footwear company Schuh-Import und Export Gerli, died at 84 in his hometown of Münchweiler, in the Rhineland-Palatinate region of Germany. The entrepreneur founded the company in 1973 with Gösta Andersson, picking a name derived from the first names of their wives, Gertrud Heim ...
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News briefs
Wortmann invests €20m in an automated warehouse
The German footwear manufacturer and distributor Wortmann Group is expanding its logistics hub in Detmold with a fully automated warehouse with a shuttle system. With an investment of around €20 million, Wortmann aims to boost delivery efficiency and expand its capacity in the European market, allowing it to handle ...
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News briefs
Garmont and Naglev enter a strategic collaboration
Italian outdoor footwear brand Garmont has announced a new collaboration with Naglev, a company renowned for blending technical innovation with sustainable craftsmanship. This strategic partnership aims to expand Garmont’s portfolio with a new line of high-performance footwear designed for outdoor enthusiasts. Naglev was founded in 2015 by Achille Morlin, who ...
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News briefs
Dr. Martens selects Amperity to support data and marketing operations
Amperity, a British AI-powered customer data cloud, announced that Dr. Martens has selected its platform to support its global data and marketing operations strategy. “This strategic move enables Dr. Martens to recognize and engage customers consistently across all channels, driving significant performance improvements,” it added in a statement. “Selecting Amperity ...
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News briefs
Spartoo’s management increases its stake to 28.9%
The management of Spartoo has increased its stake in the French online fashion retailer to 28.9 percent from 13.1 percent thanks to the acquisition of 2,867,401 shares from Highland Capital Partners. No financial details were released. The venture capital firm was Spartoo’s largest shareholder with a 15.7 percent stake. It ...
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News briefs
Klarna reportedly seeks over $15bn valuation in IPO
Klarna aims to raise at least $1 billion dollars from an upcoming initial public offer (IPO) in the US, the news agency Bloomberg reported, citing unnamed sources. According to Bloomberg, the Swedish payment company aims to price its IPO in early April and is targeting a valuation exceeding $15 billion ...
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News briefs
Verdoso obtains clearance to acquire The Kooples
The French antitrust agency, Autorité de la concurrence, has approved the takeover of The Kooples Production by the French investment company Verdoso. Founded in 2008, The Kooples specializes in the design and retailing of premium clothing and accessories for men and women. The company has 184 points of sale in ...
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News briefs
Clergerie seeks a new buyer after going into receivership again
On March 5, a hearing scheduled by the commercial court of Romans-sur-Isère, France, is expected to determine whether there are buyers for Clergerie. On Dec. 4, 2024, the group’s manufacturing subsidiary, S.S.B, and commercial unit, J.H.J, were placed into receivership after the group’s owner, the California-based footwear company Titan ...
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News briefs
Vibram launches Megagrip Elite
Vibram has unveiled Megagrip Elite, the latest addition to its high-performance Megagrip outsole collection, engineered for maximum traction on steep, rugged terrain. “Competitive trail athletes require the ultimate grip,” said Fabrizio Gamberini, Vibram’s Global Chief Brand Officer and President. “This advancement reinforces our commitment to world-class performance and innovation in ...
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News briefs
Skechers opens stores in Milan and Stockholm
Skechers has opened its doors on one of Milan’s most famed shopping boulevards: Corso Buenos Aires. The US brand has three additional stores in the Italian city. Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is ...
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News briefs
Prada reportedly nearing deal to buy Versace for about €1.5bn
Prada Group is nearing a deal to buy Versace from Capri Holdings for about €1.5 billion, the Financial Times reported, citing unnamed sources. Prada and Capri are getting closer to a deal that could be concluded within weeks, according to the UK daily, which noted that the pricing and timing ...
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News briefs
ANWR Group unveils O1 Brand Cube
A decade after launching its O1 Order Center in Mainhausen, the German retail cooperative ANWR Group has unveiled its newest expansion, the O1 Brand Cube, in a move that is intended, according to a statement, to enhance the ANWR campus’s role as a magnet for European retailers and manufacturers. Mainhausen ...
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News briefs
Alohas opens a store in Milan
The Spanish footwear and clothing brand Alohas has opened a store in Milan, its first in Italy and second abroad after the opening of a store in Paris. The brand has stores in Barcelona and Madrid and announced plans to open “many more” stores worldwide.
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News briefs
Orva hires a Chief Strategy Officer
Orva, a US e-commerce accelerator serving the footwear, apparel and broader consumer goods industries, appointed Solomon Hedaya as Chief Strategy Officer and Executive Vice President. ”In this role, Mr. Hedaya will lead Orva’s growth initiatives and strategic planning, overseeing mergers and acquisitions, business development, category expansion, and the cultivation ...
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News briefs
Oofos names industry veteran Angel Martinez to its board
Oofos, a US brand of recovery footwear, said that it has appointed Angel Martinez to its board of directors. Martinez is the former Executive Vice President and Chief Marketing Officer of the Reebok portfolio of brands. As one of the Reebok Corporation’s founding employees, he was named President and ...
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News briefs
Giuseppe Zanotti takes full control of his brand
Giuseppe Zanotti has bought back a 30 percent stake in his namesake brand from the investment fund L Catterton. The fund bought the stake in 2014, when it was called L Capital Management. No financial details were released. In statement, Giuseppe Zanotti thanked L Catterton for its support and collaboration ...
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News briefs
German consumer confidence declines
In March, the German consumer climate is expected to fall by 2.1 points to -24.7 points compared to the previous month, 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). The February ...
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News briefs
Dassault Systèmes takes over Contentserv
Centric Software, a subsidiary of the French information technology group Dassault Systèmes has signed an agreement to acquire Contentserv, a provider of product information management and product experience management solutions, for an enterprise value of €220 million. Centric Software provides enterprise solutions to plan, design, develop, source, price and sell ...
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News briefs
Spartoo liquidates is brick-and-mortar unit
Spartoo, a French fashion online retailer, is liquidating TooStores R1, a subsidiary created in 2015 to manage physical stores. The decision involves the immediate closure of 22 points of sales, including 10 owned stores, with a total workforce of 54 employees. “Our request to open judicial liquidation proceedings concerning the ...
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News briefs
Igedo presents a new trade fair concept
The German trade fair organizer Igedo has unveiled a plan to consolidate the Fashn Rooms and Shoes Düsseldorf events under a unified banner, named Twodays. This new format, set to debut in the summer of 2025, caters to the need for a leading, cohesive trade fair that brings together fashion, ...
