Latest News Briefs – Page 34
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News briefs
Zegna posts negative organic revenue growth in Q2
Ermenegildo Zegna posted revenues of €960.1 million for the first half of 2024, up a reported 6.3 percent year-on-year but down an organic 2.7 percent. In the second quarter, revenues reached €497.0 million, up a reported 4.7 percent and down an organic 0.4 percent. “We all recognize that 2024 will ...
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News briefs
Aerosoles expands into the home sector with a license deal
American Exchange Group signed a licensing agreement with CHD Crest Home and its sister company Dream Home to expand the Aerosoles brand into the home sector. The agreement with CHD Crest Home will introduce Aerosoles-branded comforters, duvet covers, sheets, bed and decorative pillows, while Dream Home will offer Aerosoles pet ...
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News briefs
Soles4Souls launches a national campaign in the US
Soles4Souls, a US nonprofit organization, launched on July 24 its first national campaign urging Americans to donate shoes and apparel “that can open the doors of opportunity for millions of people.” “In a world where access to basic necessities like shoes and clothing can determine one’s future, Soles4Souls is stepping ...
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News briefs
Keen launches its first lifestyle shoe
Keen has launched the KS86, the brand’s first lifestyle sneaker. The shoe is a recreation of the archived Keen A86 trail runner, which debuted in 2010 and has now been reinterpreted by the brand for everyday life in and around the city. The reimagined and PFAS-free KS86, designed to be ...
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News briefs
Nuo buys a minority stake in Scarpa
Scarpa, the Italian specialist for mountain and outdoor footwear, has that the investment holding company Nuo has acquired a minority stake in the company. Cornaro, the holding company of the Parisotto family, will continue to hold the majority and maintain control. No financial details were released. Following this transaction, ...
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News briefs
Sustainability is becoming more important for Germans shoppers
Sustainability is playing a growing role in buying behavior among German shoppers, with nearly half of consumers now making sustainable purchases, according to the latest Sustainability Consumer Monitor from HDE, the German retail association. General sustainability awareness among consumers increased and the number of sustainability-conscious shoppers also ticked up, with ...
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News briefs
LVMH's sales decline
LVMH’s fashion and leather goods division posted revenues of €20.771 billion in the first half of 2024, down by a reported 2 percent year-over-year but up by 1 percent organically. Profit from recurring operations for the division were down a reported 6 percent to €8.058 billion. Sales for the ...
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News briefs
Sergio Rossi hires Paul Andrew as creative director
Sergio Rossi, the Italian luxury footwear brand owned by Lanvin Group, has appointed Paul Andrew as Creative Director. The 45-year-old designer has worked with various brands including Donna Karan, Calvin Klein, Narciso Rodriguez and Alexander McQueen. From 2016 to May 2021, Andrew worked for Salvatore Ferragamo. He joined the Florence-based ...
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News briefs
French footwear sales surge in June
In June, French footwear retail sales rose by a seasonally and working-day adjusted 4.5 percent month-on-month, according to the Bank of France. Overall French retail sales rose by 0.3 percent month-on-month in June, after falling 0.5 percent in May, and sales of manufactured goods also grew by 0.9 percent, after ...
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News briefs
Superga and Sebago licensee CMH Consulting files for bankruptcy
Superga and Sebago’s licensee CMH Consulting, Management and Handel has filed for bankruptcy. The company, based in Kufstein, Austria, has held since 2013 the license in Germany and Austria for the two brands owned by the Italian group BasicNet. CMH Consulting applied for restructuring proceedings without self-administration. Around ...
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News briefs
Austrian textile and shoe retailer Vianello files for bankruptcy
The Austrian fashion retailer Vianello has filed for bankruptcy after taking a hit from falling sales amid a spike in costs. The Klagenfurt Regional Court opened restructuring proceedings without self-administration for the Carinthian textile and shoe chain. Sixty-two employees and 40 creditors are affected by the insolvency, with ...
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News briefs
Cambodia's first-half footwear exports up by 10.4%
In the first half of 2024, footwear exports from Cambodia rose by 10.4 percent to $774 million from $700.6 million dollars a year earlier, according to the Ministry of Commerce. Cambodia’s exports of garments, footwear and travel goods rose by 16.5 percent to $6,246 million during the period. Garments represented ...
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News briefs
Belledonne raises €1m in funding
Belledonne Paris raised €1 million from external investors to finance its expansion. Since its launch in 2018 thanks to a crowdfunding effort via the Paris and Montreal-based platform Ulule, Belledonne has been self-financed. The brand has also benefited from the support of Au delà du cuir (ADC), the leading French ...
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News briefs
Skechers sues L.L. Bean for alleged patent infringement
Skechers USA has filed a lawsuit against L.L. Bean, accusing the Maine-based retailer of allegedly copying a shoe design, according to local media. The lawsuit, filed in New York City federal court, claims that L.L. Bean’s Freeport casual shoes infringe two patented designs for “heel cups” that surround the back ...
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News briefs
No new class in the coming school year at Pirmasens shoe school
For the first time in 20 years, the shoe school (Schuhfachschule) in Pirmasens, in the Rhineland-Palatinate region of Germany, will not have a new class for the coming school year due to a lack of applicants. This marks a sharp downturn from just a few years ago, when the ...
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News briefs
Diadora hires a chief marketing officer for the US
Diadora has hired Ryan Eckel as its chief marketing officer for the US. For five years, Eckel was brand president of Tracksmith, a Boston-based running brand that debuted in footwear in September 2022. Diadora expects Eckel to focus on developing marketing strategies, enhancing brand visibility and driving product launches. ...
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News briefs
Footway’s sales continue to plummet in Q2
As in the first quarter, Footway Group AB’s net sales dropped sharply to SEK 114.9 million (€9.9 million) in the second quarter from €239.8 million as suppliers were unable to obtain credit insurance to sell products to the troubled Swedish retailer that underwent a so-called reconstruction period completed on Feb. ...
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News briefs
Lowa takes over its Austrian distributor
With the acquisition of the Austrian Lowa Sportschuhe GmbH sales company, based in St. Martin im Innkreis, and the change of name to Lowa Austria GmbH, Germany-based Lowa Sportschuhe GmbH has finally united all German-speaking core markets under one roof. Matthias Wanner, the chief sales officer of Lowa, will join ...
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News briefs
Allbirds names a new vice president of design
Allbirds appointed Jason Israel vice president of design, reporting to the chief design officer, Adrian Nyman. Nyman and Israel, along with the recent addition of a new head of color and materials, Ailsa Cordon-Michell, formerly of The North Face and Burberry, further strengthen Allbirds’ product team, which is focused on ...
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News briefs
EssilorLuxottica to buy Supreme for $1.5bn
EssilorLuxottica, a Franco-Italian eyewear producer, has entered into a definitive agreement to buy the Supreme brand from the US clothing company VF Corporation for $1.5 billion in cash. The transaction is expected to close by the end of 2024. The Supreme brand runs a digital-first business and 17 stores in ...
