Latest News Briefs – Page 63
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News briefs
Crocs sues former employee over company secrets
Crocs has sued former executive Kellen McCarvel and his company Joybees in a Colorado district court. The company alleges McCarvel left Crocs with several thousand highly confidential trade secrets that he downloaded onto a personal thumb drive and then used to build a competing shoe company. Some of the documents ...
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Birkenstock reportedly mulls an IPO
The U.S. private equity L Catterton is considering strategic options for Birkenstock including an initial public offering in the U.S. this year or in 2024, which could value the German sandal maker more than $6 billion, according to the news agency Bloomberg. The private equity’s advisers include Goldman Sachs and ...
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News briefs
Clarks names Bob Neville as head for the U.K. and Ireland
Clarks appointed Bob Neville as its managing director for the U.K. and the Republic of Ireland, effective in August. He will report to Jon Ram, the CEO of the British brand. Neville returns to the U.K. from Hong Kong, where he spent 30 years working for Under Armour, New Balance ...
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Moncler releases 3D-printed trail running shoe
Moncler has partnered with 3D-printed shoe manufacturer Zellerfeld to release a 3D-printed trail running shoe. The single-construction mono-material shoe is made out of recyclable materials and is a new addition to Moncler’s Trailgrip line. The Moncler Trailgrip 3D is extremely limited and will only be available for members of ...
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News briefs
Wolverine eases its financial covenants
Wolverine World Wide eased its covenants by entering into a fourth amendment of its existing credit agreement set up on July 31, 2012. The amendment provides the U.S. company with near-term financial and operational flexibility by adjusting the maximum consolidated leverage ratio under the credit agreement from 4.5x EBITDA to ...
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Jimmy Choo enters eyewear license with EssilorLuxottica
Jimmy Choo, the British shoe maker owned by the luxury goods group Capri Holdings, has signed with EssilorLuxottica an exclusive license agreement for the design, manufacture and worldwide distribution of Jimmy Choo Eyewear. The agreement will be effective from Jan. 1, 2024 until Dec. 31, 2028, with an automatic renewal ...
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News briefs
Hooijer reorganizes the sales team for Lazamani, Heydude and Scholl
The Dutch distribution and wholesale company Hooijer Footwear Group reorganized the sales team for its own brand Lazamani as well as for the Heydude and Scholl brands. Randolf Friedel, who has been head of sales since April, has entrusted Sascha Patchoull, Marcus Brunke, Torsten Pöhner, Gerd Neubauer and Hans-Jörg ...
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ANWR Group appoints new top managers
The German footwear buying group ANWR has reshuffled its board as some members go into retirement and new talents are promoted. The board member Fritz Terbuyken stepped down after 15 years and on June 19, 2023 was succeeded in the role by Tobias Eichmeier, the Mainhausen-based organization announced in a ...
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Deerberg files for bankruptcy
The women’s fashion company Deerberg, which operates in Germany, Austria and Switzerland, has filed for bankruptcy. The clothing, footwear and textiles direct-to-consumer brand applied for the opening of insolvency proceedings at the district court of Uelzen, in the northeastern Lower Saxony region of Germany as soaring inflation and the ...
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Puma commits to bovine leather from verified deforestation-free supply chains
Puma has joined the Deforestation-Free Call to Action for Leather, launched by global non-profit organizations Textile Exchange and Leather Working Group (LWG), to create equitable, transparent and deforestation-free leather supply chains. The cross-industry initiative asks brands to commit to sourcing their bovine leather from deforestation/conversion-free supply chains by 2030 or ...
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Vivobarefoot tests digital platform for personalized footwear
Footwear and lifestyle brand Vivobarefoot is introducing VivoBiome, an experiential platform for personalized, circular, locally assembled footwear. Each VivoBiome product can be tailored to the customer’s needs and preferences. The VivoBiome footwear uses SLS 3D printing and artificial intelligence (AI) data. Vivobarefoot is looking for 200 Brits to try the ...
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News briefs
Canada Goose to launch its first sneaker collection
Canada Goose is introducing its first-ever sneaker line on July 18. Called The Glacier Trail, the sneakers, which will debut in both a low-cut version as well as a high, for men and women, have been described by the brand as intersecting style and performance for versatile, multi-seasonal wear. The ...
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News briefs
Kennel & Schmenger invests in Pirmasens site
The German shoe manufacturer Kennel & Schmenger is stepping up investments in its manufacturing site and headquarters in Pirmasens, in the Rhineland-Palatinate region, with modern technology, new machinery and updated organizational systems. The entire assembly factory of the company, which manufactures premium women’s shoes, was redesigned between late May ...
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JD Sports to buy out minority shareholders in ISRG
JD Sports Fashion plans to buy the 49.98 percent stake in Iberian Sports Retail Group (ISRG) that is currently held by Balaiko Firaja Invest and Sonae Holdings for a total cash consideration of €500.1 million which will be funded from its existing available cash resources. Upon completion, the British retailer ...
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News briefs
France extends clearance period to Aug. 1
The end-of-season clearance period for French retailers will be extended by a week to Aug. 1 from July 25 to help the sector that has been affected by recent violent unrest, the government announced. The clearance period started on June 28. “We will extend the clearance period to August 1,” ...
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News briefs
La Sportiva buys its supplier Meet Italia
La Sportiva, an Italian provider of technical footwear and apparel for outdoor enthusiasts, bought an 80 percent stake in Meet Italia, an Italian manufacturing of mountain footwear. For over 20 years, Meet Italia, which employs 150 people, has been producing footwear and providing semi-finished goods to La Sportiva. In an ...
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News briefs
Assocalzaturifici’s youth section picks a new president
Federica De Pascale is the new president of the Young Entrepreneurs of Assocalzaturifici, the trade association group Italian shoemakers. Born in 1999, she takes over from Elisa Lanciotti and will remain in office for the four-year term ending in 2027. Currently enrolled in the Economics and Business School of the ...
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India’s DPIIT approves a footwear cluster near Mumbai
India’s Department for Promotion of Industry and Internal Trade (DPIIT), which is under the authority of the Ministry of Commerce and Industry, has approved in principle the creation of a leather footwear and accessories cluster park covering 151 acres in Ratwad in Maharashtra’s Raigad district. The project is part ...
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H&M’s profits continue to be hit by costs and dollar
H&M said that in the second quarter ended May 31 operating profit fell to SEK 4.741 billion (€400.6m) from SEK 4.988 billion the year earlier, with the operating margin narrowing to 8.2 percent from 9.2 percent as high raw material and freight costs and a strong U.S. dollar continued to ...
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News briefs
Aquazzura opens a flagship in London
Aquazzura, a luxury brand based in Florence, opened a store at 26 New Bond Street, London. The store offers all the brand’s collections, including footwear and bags. The shop was designed by Marie-Anne Oudejans, a Dutch artist and interior designer, in collaboration with the brand’s founder and creative director, Edgardo ...
