Latest News Briefs – Page 29
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News briefs
Eva-Maria Schaffner leaves BTE
Business administration advisor Eva-Maria Schaffner will leave BTE, the German textile, footwear and leather goods trade association, at the end of this year. Schaffner, a business administration graduate and former independent shoe retailer, joined the association in late 2022. The separation is amicable, according to BTE. During her ...
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News briefsGenesco appoints a new CFO
Genesco, after a broad search, appointed Cassandra “Sandra” Harris as Senior Vice President of Finance and Chief Financial Officer on Oct. 7. Harris succeeds Thomas George, whose planned retirement will take effect on Dec. 12, to ensure an orderly transition. “Sandra is a proven executive leader with a consistent record ...
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News briefs
JD Sports maintains guidance in challenging market
JD Sports Fashion reported a better-than-expected 2 percent rise in half-year profit and held annual guidance amid a “challenging and volatile market.” The company reported profit before tax and adjusting items of £405.6 million (€487.2m) for the six months to Aug. 3, compared with £398 million a year earlier, ...
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News briefs
Saucony unveils new Gore-Tex collection
Saucony is launching a collection of its designs featuring Gore-Tex technology. This new collection features the Triumph 22, Kinvara 15, Grid Peak, Peregrine 14, Ride TR2 and Grid Shadow 2, each enhanced to offer superior waterproof protection and breathability in any weather condition. Saucony said in a statement that the ...
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News briefs
ANWR Garant Netherlands announces leadership change
Dennis Beute, the long-serving Managing Director of ANWR Garant Netherlands, has officially stepped down from his position as of Sept. 30, 2024, after 15 successful years with the company. During his tenure, Beute was instrumental in the merger of ANWR and Garant, acquiring the Sport 2000 license and developing e-commerce ...
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News briefs
US East Coast port strike ends
A strike affecting the ports of the US East Coast and the Gulf of Mexico was suspended after the International Longshoremen’s Association (ILA) union and the United States Maritime Alliance (USMX) reached a tentative agreement. “The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative ...
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News briefs
Lanxess exits the polymer business
Lanxess signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With the transaction, the German specialty chemicals company exits the polymer business. The Urethane Systems business comprises five manufacturing sites globally as ...
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News briefs
A long US port strike will impact supply chains
On Oct.1, about 45,000 unionized workers went on strike at ports on the US East Coast and in the Gulf of Mexico which handle about half of the US’ ocean shipping. The International Longshoremen’s Association (ILA) union, which represents dockworkers across 36 ports on the East Coast and the Gulf ...
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News briefs
Authentic Brands Group names a new head for Greater China
Authentic Brands Group (ABG) has hired Josh Perlman as Executive Vice President and Head of Greater China. He brings over 25 years of experience to the company, previously serving as the managing director at Tristate, where he was instrumental in signing and building brands such as Jack Wolfskin, Fila, Nautica, ...
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News briefs
LVMH buys a stake in Moncler key shareholder
LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a 15.8 percent stake in Moncler, an Italian brand of premium down jackets. The financial terms of the deal were not disclosed. Under the terms ...
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News briefs
Zalando introduces ‘Zalando Partner’ to simplify partner services
Zalando has introduced “Zalando Partner,” a unified platform that simplifies and enhances its services for business partners. This initiative consolidates all partner-related offerings, including wholesale, partner programs, connected retail, marketing and logistics services, into a single, easy-to-navigate platform. According to Andreas Antrup, SVP of Partner Services, this move aligns with ...
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News briefs
Paul Green appoints an export manager
The Austrian footwear label Paul Green has created the new position of Head of Export as it looks to expand its international footprint. The company appointed the sector veteran Helmut Seidl to the role, starting Oct. 1. Seidl, 52, worked for nearly 35 years for the footwear group Gabor, ...
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News briefs
Geox reviews US operations, to close New York office
Geox is winding down its US operation, according to Footwear News. Enrico Mistron, Geox’s CEO since March 2024, told the publication that the office in New York City will be closed and that the group is reviewing its business model in the US and will provide “visibility in a few ...
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News briefs
Leguano opens new store in Germany
The German barefoot footwear specialist Leguano continues to expand its retail network with the opening of a new store in Speyer, in the Rhineland-Palatinate region of Germany. Located at Maximilianstraße 72, the store opened on Sept. 14. The company also announced that a new outlet will replace the previous barefoot ...
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News briefs
Tod’s hires John Galantic as CEO
Tod’s has appointed John Galantic, the former head of Chanel, as CEO. He replaces Diego Della Valle and his brother Andrea who were co-CEO and remain as chairman and vice chairman, respectively. The management shakeup comes after the luxury goods company went private in June. Earlier this year, Crown Bidco, ...
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News briefs
Puma hires a new CFO
Puma has appointed Markus Neubrand as its Chief Financial Officer and a member of the management board, effective Oct. 1, succeeding Hubert Hinterseher, whose contract will end by mutual agreement on Dec. 31. Neubrand will oversee finance, investor relations, legal, IT and business solutions at the German sportswear group. He ...
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News briefs
Lowa appoints a new Marketing Director
Lowa, the German manufacturer of mountain, outdoor and everyday footwear, has hired Ulf Michels as Head of Marketing. He took up the role at the beginning of September and succeeds Michael Frank, who left the company at the end of 2023. Michels, 45, brings extensive experience in marketing ...
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News briefs
Italian regulator probes Shein for allegedly misleading sustainability claims
The Italian antitrust agency, AGCM, has launched an investigation into Infinite Styles Services CO. Limited, a Dublin-based company that manages the Italian website of the Chinese fast fashion group Shein, for allegedly misleading information regarding the “environmental sustainability” of the retailer’s clothing. The agency believes that some content included in ...
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News briefs
German economy under increasing pressure
In September, the business climate in Germany decreased to 85.4 from 86.6 in August, marking the fourth consecutive month of decline, according to the latest survey released by think tank Ifo. The figure was below economists’ expectations of a reading of 86.1 for the month. “The German economy is coming ...
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News briefs
Nike names Elliott Hill as CEO
Elliott Hill will become the President and Chief Executive Officer of Nike, effective Oct. 14, 2024. Hill will also become a Director of Nike’s board of directors and a member of the executive committee. He replaces John Donahoe, who will retire from his role as President and CEO and ...
