Latest News Briefs – Page 38
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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 ...
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Pimkie placed under court administration
A Lille-based commercial court has placed Pimkie into a “safeguard procedure”, enabling the French fast fashion label and chain store for young women to continue operating while undergoing a restructuring, the news agency AFP reported citing trade union representatives. Frédérique Dupont, of the CFE-CGC trade union, said that the ...
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News briefs
Uzbekistan incentives the creation of footwear clusters
Uzbekistan’s government plans to create clusters for the leather and footwear industries in the Sharaf-Rashidov and Akhangaran districts and has defined incentives to attract investors. Until Jan. 1, 2026, companies established in the areas are exempt from property tax, land tax and tax for the use of water resources, according ...
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News briefs
French footwear sales slump in April
In April, French footwear retail sales fell by a seasonally and working-day adjusted 5.9 percent month-on-month, according to the Bank of France. In March, sales of footwear increased by 2.8 percent. The March reading was revised up from a preliminary estimate of a 2.5 percent rise. Overall French retail sales ...
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News briefs
Scan-to-print circular footwear from Vivobarefoot
London-based footwear brand Vivobarefoot has launched the first commercially available limited edition Vivobiome barefoot shoes. Vivobiome is a scan-to-print system for circular footwear and a clear move away from complex and, according to Vivobarefoot, extremely wasteful analog manufacturing to a simpler, low-waste and connected system that is fit for a ...
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News briefs
Coats’ sales underpinned by recovery in footwear
Coats said that in the four months to April 30 reported revenues rose by 4 percent while currency-neutral revenues increased by 7 percent at group level. Revenues for the apparel business grew a reported 11 percent and 14 percent at constant exchange rates. The footwear business increased revenues by 6 ...
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News briefs
Dray obtains the Lotto license for Brazil
WHP Global announced a long-term license agreement for Lotto giving Dray Indústria e Comércio the exclusive rights to develop, manufacture, promote and distribute the brand in Brazil. Aiming for a public launch in the second half of 2024, the Lotto product portfolio offered in Brazil will feature footwear, apparel, accessories ...
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News briefs
Lululemon’s chief product officer quits
Lululemon announced organizational changes following the resignation of Sun Choe, its chief product officer, to pursue a new opportunity. Choe’s exit marks the end of her seven-year tenure with the company. The Canadian producer of performance apparel for yoga, running and training will not seek a new chief ...
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News briefs
Brazilian footwear exports seen down 6-9% in 2024
In 2024, Brazilian footwear exports are expected to decline by 6 to 9 percent in volume as an improvement in the second half of the year is expected to offset a sharp decline in the first four months of the year, according to the Brazilian footwear industry association, Abicalçados. Data ...
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News briefs
British Footwear Association names Richard Shetliffe as CEO
The British Footwear Association (BFA) appointed Richard Shetliffe as its new Chief Executive Officer, effective May 14. Shetliffe has over 30 years of experience in the footwear and accessories industry. He held leadership positions at brands such as Dr. Martens, Ben Sherman, Vagabond, VF Corporation, The Dune Group and ...
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News briefs
Three UK footwear companies awarded royal warrant
The British Footwear Association (BFA) announced that three of its members, Tricker’s, Crockett & Jones and John Lobb have been awarded the royal warrant by king Charles III. ”This honour recognizes their exceptional craftsmanship and solidifies their status in the luxury footwear industry,” the BFA said. The Northampton-based shoemaker Tricker’s ...
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News briefs
Nice Footwear obtains Ellesse license for the French market
Nice Footwear has obtained the footwear license regarding the French market for the Ellesse brand owned by the US group Pentland. Nice Footwear said that it will rely on its “solid experience” of the French market to develop the brand. Since January 2022, the Italian footwear company has a showroom ...
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News briefs
Alibaba Q4 revenues up 7%
Alibaba reported revenues of RMB22.9 billion (US$30.7bn) for the fourth quarter ended March 31, representing an increase of 7 percent year-over-year. Income from operations was RMB14.8 billion (US$2.0bn), a decrease of 3 percent year-over-year. Net income attributable to ordinary shareholders was RMB3.3 billion (US$453 million). Net income was RMB919 million ...
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News briefs
Skechers enters a footwear partnership with John Deere
Skechers has entered a footwear partnership with John Deere, an American producer of agricultural and forestry machinery as well as heavy and lawn care equipment. The companies are joining forces to offer a co-branded professional and lifestyle offering. The footwear collection is designed for ”agricultural professionals, construction workers, outdoor enthusiasts ...
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News briefs
Golden Goose’s sales and earnings continue to rise
In the first quarter of 2024, Golden Goose posted revenues of €148 million, up by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates. Direct-to-consumer revenues grew by 18 percent, and by 20 percent in local currencies, to €106 million, driven by the EMEA ...
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News briefs
Neonyt trade fair moves to new location, opens to wider audience
The sustainable fashion trade fair Neonyt is moving to a new venue and is opening up to a wider audience. The fair, until now held at the Areal Böhler in the German city of Düsseldorf is moving to the Bilker Bunker, close to the city center and “at the ...
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News briefs
Superfeet appoints a new CFO
The insole specialist Superfeet appointed Kathryn McKenzie as its new chief financial officer. The company said McKenzie will play a crucial role in activating Superfeet’s expansion into medical and industrial/work communities. McKenzie most recently served as CFO at HealthTrackRx, a premier national molecular diagnostic laboratory. Prior to this, she held ...
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News briefs
Moreschi proceeds with the firing of 59 workers
As announced in February, Moreschi, an Italian producer of upscale shoes, has proceeded with the firing of 59 people as part of its plans to outsource its production to third parties. In February, the Italian footwear company controlled by the Swiss group Hurley said that its own production was “not ...
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News briefs
Tod’s can be delisted after a successful public tender
Crown Bidco, the investment vehicle used by L Catterton to buy out Tod’s’ minority shareholders at €43 per share, has obtained sufficient acceptances to delist the Italian luxury goods group. In the public tender that ended on May 8, Crown Bidco obtained acceptances for 5.855 million shares, representing 17.691 percent ...
