Latest News Briefs – Page 52
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News briefs
ANWR launches new sports and outdoor trade fair format
The German footwear buying group ANWR has launched a new trade fair format focusing on the sports and outdoor footwear segment. The new ANWR Order Lifestyle-Sport & Outdoor fair will be held on Dec. 12 and 13, 2023 in ANWR’s Mainhausen Campus, near Darmstadt. So far, around 50 ...
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News briefs
Gerry Weber to be delisted
The German fashion group Gerry Weber is set to undergo a capital cut and to delist from the stock market as part of its restructuring plan, which was confirmed on Oct. 25 by the Essen Restructuring Court. The plan, which also includes a €50,000 capital increase, “was approved with ...
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News briefs
Aku inaugurates a new production line
Italian-based outdoor footwear maker Aku has inaugurated a new line of production at its factory in Montebelluna. The new state-of-the-art machine for outdoor and professional footwear reportedly represents an investment of €1.3 million. The project has been developed in partnership with Stemma, also an Italian company which specializes in the ...
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News briefs
Xero Shoes hires new directors for design and product merchandising
Colorado-based barefoot footwear specialist Xero Shoes has hired Kristina Funck as design director and Megan Elias as director of product merchandising. As design director, Funck will lead Xero Shoes’ design strategy, innovation and seasonal storytelling. She has contributed to the design development and success of several global footwear brands, including ...
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News briefs
New Balance starts construction of new factory in New England
New Balance has begun construction of a 9,500-square meter factory in Londonderry, New Hampshire. It is the first factory in the state and the sixth footwear manufacturing facility in the U.S.. The investment totals $70 million, will create more than 150 jobs and is expected to be operational by 2025. ...
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News briefs
Tod’s joins the Aura Blockchain Consortium
Tod’s has joined the Aura Blockchain Consortium, securing digital product passports for the handbag Di Bag.“Using Aura Blockchain technology and the NFC tag that guarantees its authenticity and traceability, you are able to access all the information about the bag and its supply chain directly through your smartphone. This unique ...
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News briefs
Ralf Ringer faces bankruptcy due to a dispute with the tax authorities
Ralf Ringer, a prominent Russian footwear retailer, faces the risk of being declared bankrupt for failing to pay the lease for a manufacturing facility. The company is locked into a dispute with the Russian tax authorities, which has blocked its bank accounts. As a result, the footwear retailer has missed ...
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News briefs
Generational change at Schneider Schuhe
A new generation has taken the helm at the Swiss footwear and fashion retailer Schneider Schuhe as Monika and Ueli Schneider handed over the family business to Helen and Samuel Schneider. The company said in a statement that the move, which marks a generational change from the 6th to ...
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News briefs
Chaussea’s parent buys Pataugas
VGM Holding, which owns the French footwear retailer Chaussea, has bought the footwear brand Pataugas from the Hopps Group. No financial details were released. Created in the Basque region of France in 1950, Pataugas is particularly well-known in France for its comfortable walking shoes with rubber soles. The brand was ...
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News briefs
Prada COO reportedly leaves for Gucci
Massimo Vian, the chief operating officer of Prada Group, will quit on Nov. 30 to join Gucci, according to various media reports. Vian started with the Italian fashion group in May 2020. His position will be held on an interim basis by Prada Group’s CEO, Andrea Guerra. Separately, fashionmagazine.it reported ...
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News briefs
Scarpa could sell a 25% stake to an outside investor
Scarpa is believed to have hired the investment bank Finint to find an investor ready to buy an about 25 percent in the Italian footwear company, according to the daily Corriere della Sera. The transaction would enable the company to raise funds to accelerate its expansion, which could include acquisitions, ...
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News briefs
Christian Louboutin, Meta jointly sue an alleged Mexican counterfeiter
Christian Louboutin and Meta Platforms, which owns the social networks Instagram and Facebook, filed a joint lawsuit in the U.S. against a Cesar Octavio Guerrero Alejo, who allegedly sold counterfeit products from Mexico. According to the complaint filed with the U.S. District Court for the Northern District of California, the ...
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News briefs
Brazilian footwear exports rise in volume in October
In the first ten months of 2023, Brazilian footwear exports totaled 102.5 million, down by 14 percent year-over-year in volume, and generating about $1 billion in revenues, down by 8.8 percent in value. Compared to the first ten months of 2019, prior to the impact of Covid-19, exports were up ...
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News briefs
Nice Footwear takes full control of Favaro, Emmegi
Nice Footwear has increased its stakes in Emmegi and Favaro Manifattura Calzaturiera to 100 percent from 80 percent. The Italian footwear company bought its initial stake in Emmegi, an Italian producer of premium handbags, in 2022 and its initial stake in Favaro, an Italian manufacturer of luxury women’s shoes, in ...
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News briefs
Columbia appoints a new president for Sorel
Columbia Sportswear Company has appointed a new president for its Sorel brand. Cory Long will be joining the company in December. Long is a veteran of the footwear and apparel industry, most recently serving as global general manager and chief global merchant of DC Shoes. He has leadership experience at ...
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News briefs
Skechers ready to “completely vindicate itself” against Nike lawsuit
Skechers has issued a response to the patent suit filed against it by Nike in a California-based federal court on Nov. 6, saying it will “vigorously defend” itself. Nike is suing Skechers for allegedly violating its Flyknit patents. Flyknit is a lightweight yarn woven into a one-piece shoe upper. A ...
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News briefs
Burberry issues a profit warning as demand for luxury goods slows down
Burberry warned that due to a slowdown in luxury demand globally it is unlikely to achieve its revenues target for the year ending at the end of March and in this context the adjusted operating profit is now expected to come in towards the lower end of the £552 million ...
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News briefs
Gabor and ECC make reordering easier
The German shoe manufacturer Gabor Shoes has partnered with European-Clearing-Center (ECC) and the merchandise management system provider ETOS on a project aimed at making reordering easier and less costly. The shoe retailer Roman Degenhardt also joined the project and is testing its implementation. “ELViS, an acronym for our electronic supplier ...
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News briefs
Dr. Martens appoints a new CFO
Dr. Martens has appointed Giles Wilson as chief financial officer. He will take up his role with the British shoe maker in 2024. The actual date still has to be confirmed. Wilson joins Dr. Martens from William Grant & Sons Limited, one of the largest global spirits companies, owners ...
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News briefs
Dr. Martens’ trading data is weak - Barclays
Data from Google Trends and Similarweb for Dr. Martens looks weak, lapping already poor data from 2022, according to Barclays. The British footwear company has a lot to deliver in the second half of its fiscal year, ending in March, to meet estimates. The task could be difficult if a ...
