Latest News Briefs – Page 61
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News briefs
Vulcabras Q2 results bolstered by locally made athletic footwear
The Brazilian Vulcabras group, which produced double-digit second-quarter gains in revenues, gross margin and net profit, was aided by a 14.2 percent increase in market-produced footwear to 608.2 million Brazilian reais (€112.8m). Overall, Ebit expanded by 40 percent to R$148.1 million (€27.5m) as year-over-year gross margin increased by 540 basis ...
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News briefs
Vibram becomes a bluesign system partner
Vibram, an Italian producer of high-performance rubber soles, has become a partner of the bluesign system. Bluesign is a Swiss material verification solutions firm. The collaboration between the two parties started in November 2022. According to Vibram it is the “first shoe sole manufacturer and the first footwear brand ...
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News briefs
Havaianas renews eyewear license with Safilo
Alpargatas, the Brazilian footwear group, has renewed the license agreement between its brand Havaianas and the Italian eyewear manufacturer Safilo. Under the agreement, Safilo has the right to design, produce and distribute frames for corrective eyewear and sunglasses under the Havaianas brand until Dec. 31, 2028. Safilo first announced its ...
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News briefs
Pollini’s sales rise slightly in H1
Pollini, the luxury footwear brand owned by the Italian fashion house Aeffe, posted sales of €17.2 million in the first half of 2023, up by a reported 3.4 percent from a year earlier. The brand represented 10.5 percent of the group’s revenues. During the period, Aeffe posted sales of €162.9 ...
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News briefs
Eulero Capital takes over Mondeox
The investment firm Eulero Capital has acquired a 60 percent stake in the Italian footwear manufacturer Mondeox from the Florian family, according to the daily Il Sole 24 Ore. Mondex was founded in 1993 by Maurizio Florian and his wife Maria Antonia. The company specializes in outdoor footwear and work ...
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News briefs
Rocky Brands sees business positioned for H2 improvement
Despite experiencing strong sell-throughs at several major U.S. wholesale accounts, the U.S. footwear company Rocky Brands reported a 38 percent decline in second-quarter sales to $99.8 million from $162.0 million a year earlier. Revenues in the wholesale segment declined by 45.5 percent to $71.5 million and fell by 3.6 percent ...
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News briefsFrom 3D printer to foot to compost heap
With the help of a materials-science company, designer Kitty Shukman has produced a slide with the look and circularity of tree roots. Its synthetic tendrils wrap around the foot like a banyan around a Cambodian temple. The shoe model is in fact called Roots and is produced with 3D printers ...
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News briefs
Relaxo’s Q1 profitability surges on higher sales
Relaxo Footwears, an Indian group that sells shoes under various brands including Sparx, Flite and Bahamas, posted revenues from operations of 738.8 crore rupee (€81.5m) in the first quarter ended June 30, up by 10.74 percent year-on-year. Total income grew by 11.14 percent to INR 746.1 crore (€82.3m). In the ...
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News briefs
BasicNet's H1 earnings decline
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, suffered a 30.8 percent decline in first-half net profit to €7.4 million as the bottom line was weighed down by amortization charges and financial items. Ebitda was steady, rising slightly to €22.6 million from €22.4 ...
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News briefsHermès’ H1 sales rise by over 22%
Hermès’ first-half revenues were €6,698 million, up by a reported 22.3 percent and by 25.2 percent at constant currency rates, with growth of 20 percent or above in all geographical areas. The leather goods and saddlery division booked sales of €2,780 million, up by a reported 17.9 percent and by ...
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News briefs
Gap names a new CEO from Mattel
Gap Inc. has appointed Richard Dickson as president and CEO, effective Aug. 22. Dickson joins Gap from his most recent role as president and chief operating officer of Mattel, where he was ”a lead architect in a global corporate transformation that has reinvigorated Mattel’s iconic brands, including Barbie, Hot Wheels ...
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News briefs
Xero Shoes hires new chief product officer
Following the retirement of Dennis Driscoll after a nearly 50-year career in the footwear industry, Xero Shoes has hired Michael Pao as its new chief product officer, effective immediately. Pao joins Xero from Timberland, where he served as vice president of global merchandising. In his 20-year career, the former professional ...
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News briefs
Zegna's H1 sales rise nearly 24%
The Italian fashion group Ermenegildo Zegna’s first-half revenues rose by 23.9 percent to €903 million. Revenues at constant currency were up by 24.7 percent, and organic growth was 21.5 percent. The top line was underpinned by the consolidation of Tom Ford International and Pelletteria Tizeta from April 29. Revenues for ...
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News briefs
H&M sues Shein in Hong Kong
H&M is sueing the Singapore-based fast-fashion retailer Shein in Hong Kong for alleged copyright infringement. An H&M spokesperson told the news agency AFP that “in multiple cases” Shein infringed on the designs of the Swedish fashion retailer. The lawsuit also involves Zoetop Business, the Hong Kong-based entity that previously owned ...
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News briefs
Amazon’s remedies to Marketplace satisfy the U.K.'s watchdog
The Competition and Markets Authority (CMA), the British competition watchdog, said the offer from Amazon to change the way it treats third-party sellers using its Marketplace platform in the U.K. addressed its competition concerns. “The CMA’s preliminary view is that the offer from Amazon addresses its competition concerns and the ...
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News briefs
Converse's FY revenues rise 3%
Converse’s revenues in the fiscal year ended May 31 rose by 3 percent to nearly $2.43 billion. Currency-neutral sales increased by 8 percent last year due to revenue growth in North America, Western Europe and licensee markets that was partially offset by declines in Asia, according to the financial report ...
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News briefs
Beverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
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News briefs
B.A.V. Shoes takes over Donna Più
B.A.V. Shoes, an Italian footwear company situated in Vigevano, about 36 kilometers south of Milan, has bought the brand Donna Più, which had been withdrawn from the market about three years ago due to the disruption caused by the Covid-19 pandemic. The relaunch of the brand will start with the ...
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News briefs
SUN68 sees 2023 sales rising to €80m
SUN68, the Italian fashion brand created in 2005 by Enrico Spinazzé, increased its sales by 20 percent to €73 million and expects to reach a turnover of €80 million this year. The brand started by selling only apparel and now achieves half its sales thanks to footwear. The brand, which ...
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News briefs
Pakistan footwear exports rise nearly 36% in volume
Pakistan’s footwear exports rose by 35.50 percent in volume to 25.25 million pairs and by 13.74 percent in value to $178.6 million in the 12 months to June 2023, which corresponds to the country’s fiscal year, according to the Pakistan Bureau of Statistics. During the period, Pakistan shipped 10.23 million ...
