Latest News Briefs – Page 39
-
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 ...
-
News briefs
Dr. Martens’ new CFO joins early
Dr. Martens said that Giles Wilson, who has been appointed to the role of Chief Financial Officer, will join the company and the board on May 13, two weeks earlier than the previously announced date of May 27. Wilson is replacing Jon Mortimore, who is retiring from the ...
-
News briefs
Imbox Protection opens new headquarters in Denmark
Imbox Protection, a provider of in-store footwear protection technology, has opened its new global headquarters at Ved Skoven 54, 8541 in Skødstrup, Denmark. The company highlighted that “solar power constitutes a substantial part of powering the headquarters,” which comprise a 14,000 square foot office and a 9,700 square foot warehouse. ...
-
News briefs
Wolverine names a new CFO
Wolverine Worldwide, the Michigan-based footwear company, has named Taryn Miller as chief financial officer (CFO). She will report directly to Chris Hufnagel, the company’s president and CEO. Miller previously served as the vice president of corporate and commercial finance at Corteva Agriscience, an international agriculture company. In this role, ...
-
News briefs
Zalando posted an operating profit in Q1
Zalando said that adjusted Ebit in the first quarter rose to a positive €28.3 million, representing a margin of 1.3 percent, compared to a negative €0.7 million in the prior-year period. “The substantial improvement in profitability was driven by lower fulfilment costs and successful inventory management, leading to an improved ...
-
News briefs
LVMH could take over Tod’s
LVMH could end up taking over Tod’s after the footwear company is delisted, according to the British bank Barclays. With the purpose of delisting Tod’s from the Milan stock exchange, L Catterton, a private equity firm backed by the French luxury goods group, launched on March 25 a public ...
-
News briefs
Lowa's 2023 sales slip slightly
Lowa’s production volume was stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly the ...
-
News briefs
JD Sports opens a store in Bahrain in partnership with GMG
JD Sports Fashion has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504-square meter store will offer customers access to the latest releases from a diverse ...
-
News briefs
Otto opens new headquarters in Hamburg
The German mail order company Otto has opened its new headquarters in Hamburg. The company invested over €100 million in the project. “Over a five-year construction period, a warehouse built in 1969 was transformed into a state-of-the-art New Work environment. In future, a total of 1,600 workstations, 170 meeting ...
-
News briefs
Clarks’ CEO steps down
After two years in the job, Jonathan Ram has stepped down as the chief executive officer of Clarks. The British footwear group said that Ram had decided to leave to “pursue other opportunities” and thanked him for his “leadership and contribution to Clarks over the last two years.” According to ...
-
News briefsNext warns on Q2 but confirms FY guidance
Next said first-quarter sales came in ahead of forecasts and maintained its guidance for the full year but warned that the next three months would be weaker due to wet spring weather. Full-price sales in the thirteen weeks to April 27 were up by 5.7 percent year on year, slightly ...
-
News briefs
Hoka opens a store in Paris
Hoka is reinforcing its European retail presence with the opening of its first Parisian address. The new store is located at 35 Boulevard des Capucines, in a 140-square meter space formerly occupied by footwear label Bally, at walking distance from the historic Opéra and not far from the busy shopping ...
-
News briefs
Columbia names a vice president for the Sorel brand
Columbia Sportswear Company announced that Michael Minter joined the company as Sorel’s vice president, brand, effective April 29. Minter has spent nearly 20 years in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC, and Reef. Along with the Sorel brand, the group owns the labels ...
-
News briefs
Denmark to ban PFAS in clothing and footwear
The Danish government has unveiled plans for a national ban on the use of per- and polyfluoroalkyl substances (PFAS) in clothing, footwear and sealants. “The proposed ban is a crucial step towards reducing emissions and will significantly benefit Denmark’s environment. It also sends a clear message internationally about the ...
-
News briefs
US court hearing on Tapestry, Capri merger due Sept. 9
Jennifer Rochon, a US District Judge for the Southern District of New York in Manhattan, has set Sept. 9 as the date for the hearing regarding Tapestry’s proposal to acquire Capri Holdings, according to Bloomberg. On April 22, the US Federal Trade Commission (FTC) decided to sue to block Tapestry’s ...
-
News briefs
Hooijer Footwear Group takes over DACH sales for Spanish footwear company Toni Pons
The Dutch distribution and wholesale company Hooijer Footwear Group continues to expand its brand portfolio by taking over the distribution of Spanish shoemaker Toni Pons in Germany, Austria and Switzerland, collectively known as the DACH region. Hooijer was already responsible for the distribution of Toni Pons’s shoes in the ...
-
News briefs
Skechers expands its presence in Belgium
Skechers opened its first store in Brussels in Rue Neuve. The 5,270-square-foot store houses the US brand’s footwear, apparel and accessory collections. With the planned openings in Kortrijk and Bruges, the brand will have seven stores in Belgium by mid-May.
-
News briefs
Hue diversifies into footwear
Hue, the New York-based womenswear brand, is expanding into footwear with the launch of a new line of shoes, “Liflats”. The collection is set to hit the market in April 2024. Liflats will retail from $119 to $139.
-
News briefs
Birkenstock opens its first flagship store in India
Birkenstock has opened its first flagship store in India. Spread over 1,600 square metres, the store is located in E-278, Durga Chambers, Linking Road, Mumbai. “We are thrilled to announce the opening of our first flagship store in India, marking a significant milestone in our commitment to the Indian market,” ...
-
News briefs
Lowa Austria hires new sales manager
The German mountain, outdoor and everyday footwear manufacturer Lowa has hired a new Head of Sales for its Austrian business. Footwear expert Bernd Fürthbauer, who took up the role at the beginning of April, will be responsible for developing and implementing sales strategies. The 46-year-old has many years of experience ...
