Latest News Briefs – Page 3
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News briefs
New head at Marco Tozzi
Christian Böhm is the new managing partner at the Wortmann Group’s subsidiary Marco Tozzi Shoes GmbH & Co. KG starting from June 1. Böhm, 42, will take the helm from Carsten Humke, who has been working for the Wortmann Group for 39 years and has been managing partner at Marco ...
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News briefs
Craft Sportswear uses Vittoria tire technology for running shoes
The Swedish brand Craft Sportswear and the Italian bicycle tire firm Vittoria have teamed up to create the Craft Xplor, a running shoe that utilizes Vittoria gravel cycling technology. The Craft Xplor, inspired by the versatility of gravel bikes, is meant to provide the same hybrid capabilities, feeling like a ...
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News briefs
Visa and Mastercard to cut fees for US merchants
Visa and Mastercard will reduce their fees following an antitrust class action settlement with US merchants, according to a statement released by the law firm Hilliard Shadowen LLP. The settlement is expected to generate at least $29.79 billion in savings for US merchants in the five years following approval of ...
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News briefs
Alibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer to minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per ...
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News briefs
OTB takes over Calzaturificio Stephen
OTB, the Italian fashion group that owns the brands Diesel, Jil Sander, Maison Margiela, Marni and Viktor&Rolf, has bought a majority stake, through its unit Staff International, in the shoemaker Calzaturificio Stephen. No financial details have been disclosed. Founded in 1967 by Francesco Bertollo, Calzaturificio Stephen specializes in luxury women’s ...
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News briefs
Capri Holdings buys the Tuscan shoemaker Sicla
Capri Holdings has agreed to acquire the Tuscan shoemaker Sicla to bolster its manufacturing capabilities. In 2019, Capri had already bought a Tuscan shoemaker, Alberto Gozzi, located in Pistoia, which supplies the group’s three brands. Sicla produces for Jimmy Choo, the luxury footwear brand owned by Capri along with Michael ...
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News briefs
Humanic continues to expand its retail network
The Austrian footwear chain Humanic continues to expand its retail network with the opening of three new stores, respectively in the southwestern German city of Karlsruhe and in the Austrian cities of Baden and Bregenz. In April, the retailer will open a store in Karlsruhe in the Ettlinger Tor ...
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News briefs
Paige launches a collection of men’s footwear
Paige, a Los-Angeles based premium denim brand, has launched its first collection of men’s footwear. The spring collection comprises four sneakers and two boots retailing between $228 and $378 a pair. The shoes are available on the brand’s website and stores. Paige introduced its first collection of women’s shoes in ...
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News briefs
Noat to launch a collection of dress shoes
Noat will launch a collection of dress shoes with 10 styles in the autumn called Ayelet by Naot. The Israeli footwear company is best known for its sandals. According to Footwear News, the dress shoes will be produced in Italy rather than in Israel, where most of the brand’s shoes ...
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News briefs
Erasmus+ ShoeGame is being rolled out
The Erasmus+ ShoeGame, a project aimed at attracting younger generations to study footwear manufacturing, will be available on its website by the end of March. On March 7 and 8, project partners from Belgium (European Footwear Confederation - CEC), Greece (CTD), Portugal (CTCP and Virtual Campus), Romania (Tuiasi) and Spain ...
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News briefs
A/Impact invests in the Italian sustainable sneaker brand Id.Eight
A/Impact, a venture capital firm, backed by Avanzi - Sostenibilità per Azioni and the asset manager Etica SGR, investing in social and environmentally responsible projects, has decided to invest €350,000 in Id.Eight, a Florence-based sneaker brand that uses waste materials. The funds will help support the brand in its internationalization ...
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News briefs
French footwear sales rise in February
In February, French footwear retail sales rose by a seasonally and working-day adjusted 0.9 percent month-on-month, according to the Bank of France. In January, sales of footwear increased by 1.4 percent. Overall French retail sales rose by 0.2 percent month-on-month in February and sales of manufactured goods grew by 0.5 ...
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News briefs
Italian regulator clears bid to delist Tod’s
The Italian stock market regulator Consob has approved the prospectus for the offer on Tod’s launched by the investment vehicle of L Catteron, a private equity firm backed by the French luxury goods group LVMH. The bid is for 9,255,498 ordinary shares, representing 27.968 percent of the share capital of ...
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News briefs
Roam opens a store in Los Angeles
The California-based footwear brand Roam has opened its first store in Los Angeles. The 1,000 square foot store is located in the Glen Centre. It offers the brand’s footwear, apparel and accessories. Launched in 2018, Roam specializes in women’s sandals comprising vegan materials, a certifiable Bio Eva outsole derived from ...
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News briefs
Générale pour l’Enfant placed into receivership
Générale pour l’Enfant (GPE), the parent company of the French brands Du Pareil Au Même (DPAM), Sergent Major and Natalys, was placed into receivership on March 14, according to the news agency AFP, citing a ruling by a commercial tribunal based in Bobigny, near Paris. GPE suspended payments on March ...
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News briefs
Vince Camuto extends apparel license with BCI
Authentic Brands Group has renwewed Vince Camuto’s apparel licensing agreement with BCI Brands. Through the extension, BCI will continue to serve as the brand’s licensing partner for its core women’s apparel category until the end of 2030, with two consecutive five-year renewal options to follow. “BCI is proud of the ...
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News briefs
Heydude launches in the UK
Heydude, the casual footwear brand owned by Crocs, debuted in the UK on March 20. The brand was launched in 191 doors and through a country specific website.
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News briefs
The German fashion retailer Sør files for bankruptcy
Bonavest GmbH, the owner of the German multi-label retail chain Sør, has filed for bankruptcy as falling sales, high rents, as well as increasing energy, logistics and personnel costs took a heavy toll on the company. The Mönchengladbach-based retailer, which operates 24 stores and an online shop, applied for ...
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News briefs
Exor, WWICL invest in the fashion brand Subdued
The holding company Nuo has acquired a 30 percent stake in Osit, a Rome-based company active in the teenage fashion segment with the brand Subdued, for about €70 million. Nuo is equally owned by Exor, the holding company owned by Italy’s Agnelli family, and the Hong Kong family office The ...
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News briefs
Caleres hires Liz Dunn as head of corporate development and strategic communications
Liz Dunn has joined Caleres as Senior Vice President of corporate development and strategic communications. “In this newly created role, Dunn will leverage her nearly 30 years’ experience spanning equity research, investment banking, consulting, and finance to ensure Caleres aligns its growth ambitions and strategic communications with delivering shareholder value. ...
