Latest News Briefs – Page 3
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News briefs
Micam attracts 853 brands
Micam is hosting 853 brands at its 99th edition, running from Feb. 23 to 25, with 415 labels coming from Italy and 438 from abroad, to present their footwear collections for the 2025-2026 autumn/winter season. The event is being held at the Fieramilano Rho exhibition center at the outskirts of ...
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News briefs
Shoedesign and Phenumb Copenhagen expand into DACH region
The Danish shoe brands Shoedesign Copenhagen and Phenumb Copenhagen are expanding into the DACH region, which comprises Germany, Austria and Switzerland, in collaboration with three sales agencies. The Berlin-based agency Seasons will oversee sales in Northern Germany, the Zurich-based agency Luca Aprile will be responsible for the Swiss market, and ...
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News briefs
French footwear sales up by 0.6% in January
In January, French footwear retail sales rose by a seasonally and working-day adjusted 0.6 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.1 percent month-on-month, after falling 0.6 percent in December. Sales volumes of manufactured goods were up by ...
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News briefs
Phoenix Kothari Footwear increases investment in India’s Tamil Nadu state
Phoenix Kothari Footwear, a joint venture between Chennai-based Kothari Industrial Corporation and Taiwan’s Evervan Group, will invest 5,000 crore rupee (€552m) to set up factories to produce non-leather footwear in Eraiyur and Karur in the southern state of Tamil Nadu, the Indian publication The Hindu BusinessLine reported. In the Indian ...
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News briefs
Alibaba’s quarterly revenues rise by 8%
Alibaba generated revenues of 280.154 billion yuan renminbi (€36.93bn) in its third quarter ended Dec. 31, up by 8 percent compared to the year earlier and above a FactSet analyst consensus of RMB 279.03 billion. Adjusted Ebita increased by 4 percent to RMB 54.853 billion (€7.22bn), mainly due to ...
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Prada reportedly in exclusive talks to buy Versace
Prada Group has set a four-week period of exclusive talks to reach an agreement to buy Versace from Capri Holdings, according to the Italian daily Il Sole 24 Ore. The Italian fashion house is being advised by Goldman Sachs and Citi, according to the newspaper. Capri bought the Italian fashion ...
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Galaxy Universal buys Reebok’s US business and will oversee operations in Europe
Galaxy Universal, a US footwear and brand management group controlled by the private equity firm Gainline Capital Partners, has acquired Reebok’s global product creation, sourcing and footwear operations in the US. “As part of the US operations, Galaxy will lead Reebok’s US footwear wholesale, retail and e-commerce channels, further solidifying ...
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News briefs
Last Esprit stores in Germany close
The fashion brand Esprit has closed the last of its 56 stores in Germany, as planned. The insolvent brand’s remaining stores in the country were originally due to close by the end of November, but nearly 30 stayed open longer for the Christmas sales season. The former European headquarters in ...
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News briefs
Kontoor Brands buys Helly Hansen for $900m
Kontoor Brands, a US lifestyle apparel company, has signed a definitive agreement to acquire Helly Hansen, an outdoor and workwear brand, from Canadian Tire Corporation for about $900 million. Kontoor expects Helly Hansen to generate more than $680 million of revenues and $80 million of adjusted Ebitda for fiscal 2025. ...
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Eytys finds new investors
Eytys, the Swedish footwear brand known for its chunky shoes that was declared bankrupt on Jan. 16, has been taken over. Niklas Emthén, the bankruptcy trustee, said that there was some bidding for the company and a deal has been finalized but did not disclose the name of the investors, ...
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News briefs
Hermès’ Q4 sales rise nearly 18%
Hermès generated sales of €3.962 billion in the fourth quarter of 2024, up by 17.7 percent on a reported basis and 17.6 percent at constant exchange rates. In the full year, revenues amounted to €15.170 billion, up by 13.0 percent on a reported basis and 14.7 percent at constant ...
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News briefs
BasicNet reports record revenue growth for 2024
BasicNet, the Italian parent company of K-Way, Kappa, Robe di Kappa, Superga and Sebago, reported record consolidated revenues of €409.2 million for 2024, a 3.1 percent increase from €396.8 million in 2023. The group also posted an all-time high Ebitda of €61.1 million, reflecting a 5.1 percent year-over-year growth. ...
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News briefs
Deichmann picks Ivalua to digitalize source-to-pay
Ivalua announced that Deichmann has selected its platform to digitalize source-to-pay (S2P) processes. Based in Essen, Germany, Deichmann is Europe’s largest shoe retailer. With over 49,000 employees and about 4,700 shops, it operates in 34 countries. In 2023, it generated gross revenues of €8.7 billion. According to Ivalua, Deichmann ...
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DSW has donated 11 million pairs of shoes to Soles4Souls
Soles4Souls, the US organization committed to turning shoes and clothing into new opportunities around the world, has reached a donation milestone of 11 million pairs of shoes through its partnership with Designer Brands, the parent company of DSW Designer Shoe Warehouse. DSW began its partnership with Soles4Souls in 2006. The ...
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News briefs
Capri names a Chief Brand and Product Officer
Capri Holdings promoted Philippa Newman to Chief Brand and Product Officer, effective immediately. In the expanded role, Newman will oversee all product and marketing functions. She will continue reporting directly to John Idol, the Chairman and CEO of Capri Holdings and the brand Michael Kors. Newman has been with Michael ...
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Merrell names a new Chief Marketing Officer
The hiking and outdoor footwear brand Merrell, part of Wolverine Worldwide, has appointed Richard McLeod as its new Chief Marketing Officer. McLeod will report directly to Janice Tennant, Merrell’s Global Brand President, and oversee the company’s global marketing efforts, focusing on integrated strategies to strengthen Merrell’s presence in the outdoor ...
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Wolverine Worldwide names a Chief Strategy Officer
Wolverine World Wide, Inc. announced the appointment of Brett Parent as Chief Strategy Officer, effective Feb. 3, 2025. In this newly created role, Parent will oversee the company’s enterprise strategy and identify growth opportunities across its global brand portfolio, which spans 170 countries and territories. Additionally, he will lead the ...
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Dr. Martens names two Non-Executive Directors
Dr. Martens appointed Robert Hanson and Benoit Vauchy as Non-Executive Directors with effect from March 26. Hanson is an “experienced executive with a strong track record of delivering growth at consumer brands,” according to the British footwear company. He was CEO of John Hardy and American Eagle Outfitters and also ...
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News briefs
Yue Yuen sees 2024 net profit up 55-60%
Yue Yuen is projecting a 55 to 60 percent increase in profits attributable to shareholders in 2024 from a profit of $274.7 million the previous year due to a “substantial rise” in branded customers demand for manufactured footwear. The group said that factor coupled with strong order fulfillment and a ...
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News briefs
Brazil will have a delegation of 76 brands at Micam
Brazil will be represented by 76 brands at Micam’s 99th edition, held from Feb. 23 to 25 at the Fieramilano Rho exhibition center on the outskirts of Milan. The brands are supported by Brazilian Footwear, an export promotion program maintained by the Brazilian footwear association Abicalçados in partnership with ApexBrasil, ...
