Latest News Briefs – Page 27
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News briefs
HDS/L launches circular economy project
The German footwear and leather goods trade association, HDS/L, has launched a circular economy project to guide and assist the industry as it faces the challenge of transforming its production model. The ‘Circular Economy in the Footwear Industry. Creating Cycles. Securing the Future’ project aims to develop viable strategies and ...
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News briefs
StockX has a new CEO
StockX has announced that Scott Cutler has chosen to step down as Chief Executive Officer effective Dec. 31, 2024. The board has selected Greg Schwartz, the company’s co-founder, President & COO, as his replacement. Cutler, who is one of StockX’s earliest investors and served as an advisor to the company ...
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News briefs
Brazil expects to produce over 900 million pairs of shoes in 2025
Brazilian footwear manufacturers expect to produce more than 900 million pairs of shoes in 2025, thus returning to levels last seen before the Covid-19 pandemic hit the country in 2020. In 2019, the country produced 898 million pairs. Due to the disruption caused by Covid-19-related lockdowns, footwear production dropped to ...
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News briefs
Bally appoints a new CEO
The Swiss luxury brand Bally has appointed a new CEO, just months after its acquisition by the US investment firm Regent. Ennio Fontana took the helm of the company succeeding Nicolas Girotto, whose resignation was announced a few weeks ago. Girotto had been in the position since 2019. ...
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News briefs
Bär and Joe Nimble have become independent companies
The shoe companies Bär and Joe Nimble have separated with retroactive effect. The comfort shoe brand Bär and running shoe brand Joe Nimble, which were previously managed under Bär GmbH, have been operating as independent companies since July 1. The separation was the result of a decision by the brothers ...
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News briefs
Alpargatas posts a Q3 profit
In the third quarte of 2024, the Brazilian group Alpargatas reported a net income of R$57.3 million reais (€8.8m) against a loss of R$8.5 million a year earlier. The gross margin widened by 7.10 percentage points year-over-year to 47.7 percent as total sales increased by nearly 16 percent to ...
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News briefs
Vulcabras’ profit rises 35 percent in Q3
For Vulcabras, the Brazilian footwear group, net income increased by 35 percent to 172.2 million Brazilian reais (€27.3m) as Ebitda margin expanded by 0.90 percentage points to 25.1 percent in the quarter ended Sept. 30. Gross margin inched up by 0.20 percentage points to 43.1 percent from 42.9 percent. Shipped ...
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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. ...
