Latest News Briefs – Page 37
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News briefs
IKKS obtains capital injection, debt write-off
IKKS has convinced its creditors to waive their claims and investors to inject funds, the chairman of the French fashion retailer, Ludovic Manzon, told the news agency AFP. “Following a cash injection into the capital and the waiver of debts, we will be able to focus on the essentials, namely ...
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News briefs
Wojas to exit Belarus
The Polish footwear retailer Wojas has notified its customers in Belarus about the imminent closure of all its stores in the country. Local press reported that the decision had been taken in the wake of Belarusian sanctions, which barred footwear imports from five European countries. Wojas runs three stores in ...
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News briefs
Don’t Call Me Jennyfer exits receivership
The French fashion retailer Don’t Call Me Jennyfer said that it is exiting receivership after its relaunch plan was approved by a commercial court in Bobigny, in the outskirts of Paris. The plan, which was presented to the court in May, involves an initial investment of €15 million that will ...
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News briefs
AstorMueller names Achim Tischer chief product officer
The Swiss shoe manufacturer AstorMueller has appointed Achim Tischer, its vice president Product Women, as chief product officer (CPO), starting from June. The move is part of AstorMueller’s strategy to drive growth by expanding its management team and focusing on product and brand development. Tischer had joined AstorMueller ...
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News briefs
Suzano buys a 15% stake in Lenzing
Lenzing said that its main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in the Austrian producer of wood-based specialty fibers. As part of the agreement, Suzano will take over a 15 percent stake in Lenzing from ...
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News briefs
Marubeni takes over RG Barry
Marubeni, a Japanese trading and investment company, has acquired RG Barry, the US owner of the slipper brand Dearfoams, the bag brand Baggallini, Planet A, a lifestyle brand producing biodegradable products, and Columbus Product Group, a provider of private label solutions including footwear. Marubeni noted that it established the Next ...
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News briefs
Piquadro’s FY net rises sharply
Piquadro said that in the full year ended March 31 its net profit rose by 61.9 percent year-on-year to €10.5 million as revenues grew by 2.7 percent to €180.3 million. Ebitda increased by 15.2 percent to €32.0 million and Ebit advanced by 24.4 percent to €14.8 million. The Italian bag ...
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News briefs
Foot Locker to spend as much as $1bn on stores
In line with the strategy laid out in March of last year, the “Lace Up Plan,” Foot Locker is looking to invest up to $1 billion in opening and renovating stores in a new format all over the world, according to Modaes and other sources. More in our sister publication ...
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News briefs
South American footwear sales set to grow nearly 3% annually
In 2024, footwear sales in South America are expected to rise by a compound annual growth rate of 2.77 percent from 2024 to 2028, according to data from the German statistics portal Statista released by the Italian trade show Expo Riva Schuh & Gardabags. In 2024, footwear revenues in South ...
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News briefs
Kienast Group’s former chief Michael Kienast dies
Michael Kienast, the former head of the family-run shoe retailer of the same name, has died, the company said in a statement. The entrepreneur passed away on May 12 at the age of 82 after a serious illness. An “entrepreneur with heart and soul”, Kienast was “a visionary who, ...
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News briefs
ANWR sells tax consulting subsidiary Conventa
The German buying group ANWR has sold its subsidiary Conventa-Treuhandgesellschaft mbH, which specializes in tax consulting, to SEJ GmbH Steuerberatungsgesellschaft. Conventa will remain based in Mainhausen, in the Hesse region of Germany, and will continue to provide tax advisory services tailored for shoe, sports and leather goods retailers. ...
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News briefs
Schuh Mücke expands management
Schuh Mücke, the German shoe and sporting goods retail chain within ANWR Group, has hired a new chief sales officer. Eik Lippmann will join the company’s management team on July 1 and will be in charge of sales, e-commerce and facility management, the group said in a statement. ...
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News briefs
Skechers donates more than $11m to animal welfare through BOBS
Skechers has raised a total of $11 million in donations through the sale of its BOBS from Skechers collection, which has helped rescue and support over 2 million animals in need since its launch in 2015. To celebrate this milestone, the company has launched a month-long celebration that includes pet ...
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News briefs
Metro Brands has recycled the equivalent of half the shoes it sold
Metro Brands, one of India’s largest footwear retailers, said that through the Old Discarded Footwear (ODF) initiative, it has recycled the equivalent of approximately half the shoes it sold in a year in “an eco-friendly” manner. The ODF initiative includes ReCircle and other partners. In fiscal 2021-2022, Metro Brands initiated ...
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News briefs
HanesBrands sells Champion to Authentic Brands Group
HanesBrands has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Champion business to Authentic Brands Group for $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement ...
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News briefsDesigner Brands names a CMO at DSW
Designer Brands has appointed Sarah Crockett chief marketing officer (CMO) of DSW Designer Shoe Warehouse, effective June 6. Crockett will be responsible for overseeing the planning, development and execution of all marketing and advertising initiatives for DSW’s nearly 500 US stores and e-commerce channel, DSW.com, ”furthering the implementation of comprehensive ...
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News briefs
Görtz launches the GLDN fashion line
Görtz is venturing into fashion with the launch of its first-ever clothing line, GLDN, as it expands its ‘lifestyle’ concept. The new product line made its debut with an event at Görtz’s Hamburg flagship store on the Spitalerstrasse 11. The GLDN spring/summer 2024 collection includes boxy T-shirts and black ...
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News briefs
White Mountain expands into men’s, boys’ footwear
White Mountain is expanding into men’s and boys’ footwear as it continues to diversify its product range since its acquisition by American Exchange Group in January 2023. In June 2023, the brand introduced its girls’ footwear line, departing from its emphasis on women’s footwear. The men’s collection ranges from dress ...
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News briefs
VF names Sun Choe global brand president of Vans
VF Corp. appointed Michelle “Sun” Choe as the global brand president of Vans, starting in late July. Choe brings nearly three decades of experience from top brands, including Lululemon, Marc Jacobs and Levi’s, to her new role. Having recently served as chief product officer at Lululemon, she drove significant revenue ...
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News briefs
Coats' CEO steps down
Coats’ chief executive, Rajiv Sharma, will leave by the end of 2024 after 14 years with the group, the last eight years as CEO. The British industrial thread and global footwear component manufacturer said that its board has appointed David Paja as chief executive designate. Paja is expected to join ...
