Latest News Briefs – Page 35
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News briefs
Leguano appoints a new sales manager
The German barefoot footwear specialist Leguano has promoted Corina Gati to sales manager. In 2016, Gati became Leguano’s District Manager for Western Germany before joining the headquarters in 2018 as product manager. In 2019, she took over the role of production manager and at the same time devoted herself ...
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News briefs
Sør closes eight stores
The German fashion retailer Sør is closing eight stores as part of its ongoing self-administration proceedings. According to the restructuring plan approved by creditors, the stores in Aachen, Baden-Baden, Frankfurt am Main, Cologne, Minden, Münster, Oberstdorf and Wiesbaden will shutter in the fall. Around 30 employees will lose their ...
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News briefs
Macy’s ends talks to be bought by activist investors
Macy’s said its board had unanimously determined to terminate discussions with the activist investors Arkhouse Management and Brigade Capital Management that had been trying to take the department store retailer private. In a statement the company said the investor funds’ revised proposal lacked certainty of financing, remained non-actionable and did ...
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News briefs
Burberry changes CEO on poor Q1 results
Burberry appointed Joshua Schulman as chief executive officer, succeeding Jonathan Akeroyd who is stepping down and leaving the company with immediate effect by mutual agreement with the board. Schulman was the CEO of the US fashion brands Michael Kors from 2021 to 2022 and was brand president for Coach from ...
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News briefs
Deckers sues a Brazilian cybersquatter
Our US sister publication SGI News reports that Deckers Brands, the parent company of Hoka and Teva, has filed a complaint in a federal court in Louisiana against an unnamed Brazilian-based company, accusing it of cybersquatting and infringing its Ahnu trademark. According to the lawsuit, Deckers had been using the ...
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News briefs
Skechers expands its retail presence in Spain
Skechers is expanding its retail presence in Spain under the guidance of retail property consultancy Newmark Retail. The American footwear brand is opening two flagship stores in Madrid and one in A Coruña. The new flagships in Spain’s capital city will be in the Parque Oeste and Rivas Futura shopping ...
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News briefs
Deckers plans a 6-for-1 share split
Deckers Brands’ board of directors has approved a six-for-one forward stock split. The US footwear company intends to seek shareholder clearance for the amendment at its upcoming annual meeting of stockholders, to be held on Sept. 9, 2024. Subject to final approval by the New York Stock Exchange, trading ...
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News briefs
ANWR Schuh hires a new management team
ANWR Schuh, the footwear business of the German buying group ANWR, has appointed a new management team. Effective Sept.1, Astrid Heinze and Patrick Gottesleben will take over the management of the Mainhausen-based company, initially alongside co-managing director Helmut Wies until his retirement next year. Heinze will be responsible ...
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News briefs
Birkenstock opens its 6th store in the US
Birkenstock opened its sixth company-managed store in the US in Austin, Texas. Located at 1007 South Congress Avenue, the store of the German footwear brand offers the services Bopis (buy online, pick up in store) and Boris (buy online, return in store).
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News briefs
Dr. Martens trading in line with expectations
Dr. Martens said that trading since the start of its financial year has been in line with expectations and that its guidance for the full year remains unchanged. The fiscal year of the British footwear brand ends on March 31, 2025. “As always, Q1 is the smallest period of our ...
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News briefs
Axel Arigato appoints Jens Werner as new creative director
The Swedish footwear and fashion brand Axel Arigato has named Jens Werner as its new creative director. Werner, who joined the company in 2021 as head of ready-to-wear, succeeds Max Svärdh, who co-founded the brand with Albin Johansson in 2014. Svärdh will remain a board member and co-owner of ...
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News briefs
Tamaris wins twice at the German Brand Award
Tamaris, a brand of the German footwear manufacturer and distributor Wortmann Group, has won in two categories at the German Brand Award, which were presented in Berlin. The Detmold-based company won the Gold prize in the category “Excellent Brands - Fashion,” the highest award for excellence in brand management, ...
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News briefs
ECC expands its management team
The European Clearing Center (ECC), which acts as a platform for electronic data exchange between producers and retailers in the footwear and fashion sector, is strengthening its management team. Effective from July 1, Thorsten Fritsch took on the new position of Chief Information Officer (CIO). The 39-year-old manager, ...
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News briefs
Mulberry names a new CEO
The British leather goods company Mulberry said that Andrea Baldo has been appointed as Chief Executive Officer replacing Thierry Andretta who is stepping down from the board and leaving the company with immediate effect. Baldo has over 20 years’ experience leading brands in the fashion industry. In his most recent ...
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News briefs
German government presents a stimulus package
The German government presented a stimulus plan aiming to lift gross domestic product (GDP) growth by 0.5 percentage points in 2025, according to the economy minister, Robert Habeck. The package contains nearly 50 measures for households and companies and aims to generate €26 billion in additional economic activity. This year, ...
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News briefs
Chupps appoints Khairav Duggal as CEO
Chupps, an Indian direct-to-consumer footwear brand, has appointed Khairav Duggal as its Chief Executive Officer. “We are delighted to welcome Khairav to the Chupps family. His proven track record in driving category growth and profitability, coupled with his deep understanding of the e-commerce landscape, aligns perfectly with our ambitions,” said ...
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News briefs
Vamos and Groundies not affected by Weltbild’s insolvency
The sneaker label Vamos and the barefoot shoe brand Groundies were not affected by the insolvency of part of their parent company, the e-commerce holding company WB D2C Group, according to media reports. The German retailer filed for bankruptcy last month for a second time in ten years as ...
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News briefs
Authentic Brands Group names a new head for Japan
Authentic Brands Group has appointed Jeff Daggett as senior vice president - head of Japan. With more than thirty years of industry experience, Daggett is expected to play an integral role in strengthening the group’s presence and driving brand growth in the Japanese market. Daggett has extensive leadership experience and ...
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News briefs
Turkish inflation may have peaked
In June, Turkish inflation slowed down to 71.60 percent year-on-year after reaching 75.45 percent in May, according to the statistics office Tuik. Month-on-month, consumer prices rose by 1.64 percent in June. “The disinflation process has started,” wrote the economy minister, Mehmet Simsek, on X. However, independent economists at the Inflation ...
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News briefs
Shoe Zone cuts its guidance on higher transport costs, poor weather conditions
Shoe Zone further cut its full-year guidance and now expects adjusted profit before tax for the financial year ending Oct. 2 to be “not less” than £10.0 million pounds (€11.8m). The British footwear retailer said that it has continued to experience cost pressures associated with container prices due to a ...
