Latest News Briefs – Page 8
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News briefs
D.a.t.e. invests in Santha
D.a.t.e., a Florence-based sneaker brand launched in 2005, has invested in the sneaker startup Santha to support its development. Along with buying a stake in Santha, D.a.t.e. will be in charge of the production and distribution of the company’s collections. Santha will be distributed in 100 points of sale worldwide ...
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News briefs
The cyberattack on VF may affect about 35.5 mln clients
VF Corp. said that data from about 35.5 million of its customers was stolen in a cyberattack on the Dec. 13. The parent company of The North Face, Vans and Timberland further stated that it does not store sensitive customer data such as SSN, bank or payment card details ...
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News briefs
La Sportiva opens its first store in the U.S.
La Sportiva, an Italian maker of mountain gear, opened its first premium retail store in the U.S., in Boulder, Colorado. The store is located at 2100 Broadway, which is the crossroads of Spruce and Broadway Streets, and opened its doors to the public on January 2. It features products from ...
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News briefs
Hanwag appoints a new head of development
The German hiking and mountaineering boot manufacturer Hanwag, founded in 1921, has appointed Christoph Hühnerbein as the new head of research and development. Hühnerbein has been leading the eight-strong team since Oct. 1, 2023. With experience at leading companies in the industry such as Adidas, Lowa and Mammut, he brings ...
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News briefs
Snipes’ U.S. chief merchandising officer retires, his successor is named
The global sneaker and streetwear retailer Snipes announced the retirement of Brian Forde, group chief merchandising officer in the U.S., effective June 30, 2024. After 40 years in the sneaker industry, Forde is retiring. Forde began his career in various sales leadership roles at Nike before transitioning into retail in ...
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News briefs
Allbirds names a chief marketing officer and a chief design officer
The U.S.-based sustainable footwear company Allbirds has filled two crucial executive leadership roles. Kelly Olmstead, formerly senior vice president of brand & marketing, has been elevated to the position of chief marketing officer. With 25 years of experience in the sporting goods, footwear, and apparel industry, Olmstead brings a wealth ...
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News briefs
Vagabond donated to a foundation
The owners of the Swedish footwear brand Vagabond Shoemakers have donated the company to a newly formed foundation.“For over 30 years, the founders of Vagabond Shoemakers, Marie Nilsson Peterzén and Mats Nilsson, have dedicated themselves to building one of Europe’s strongest shoe brands. Now, the entire company is handed over, ...
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News briefsTamaris opens a flagship in Paris
Tamaris has opened a 130 square meter flagship in Paris, near the Garnier opera house. The store is managed by Stéphane Mordowicz of Groupe SMC. Mordowicz already runs several Tamaris stores in France. Tamaris is a brand of the German footwear manufacturer and distributor Wortmann Group. “At this prestigious ...
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News briefs
CMA CGM unit to buy Wincanton
The British logistics group Wincanton approved a 450 pence (€5.2) per share cash offer from CEVA Logistics UK, which is controlled by the French shipping company CMA CGM. The acquisition values Wincanton at approximately £566.9 million (€661m) on a fully diluted basis and £764.9 million (€891m) on an enterprise value ...
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News briefs
Lubrizol obtains ISCC PLUS certifications for 3 more polymer sites
Lubrizol Advanced Materials announced that three more of its polymers sites obtained the International Sustainability and Carbon Certification (ISCC) PLUS certification at the end of last year. “ISCC PLUS is an international sustainability certification for industrial applications, a standard for fully traceable sustainable supply chains that allows companies to track ...
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News briefsNew top executive at LVMH Fashion Group
Michael Burke will be taking charge of LVMH Fashion Group as chairman and CEO on Feb. 1. He will be succeeding Sidney Toledano, who is leaving the LVMH executive committee and becoming advisor to Bernard Arnault, the founder, chairman and CEO of LVMH. Arnault noted that Toledano has been at ...
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News briefs
Frasers hikes its stake in Asos to nearly 26%
Frasers Group has increased its stake in the British online fashion retailer Asos to 25.96 percent through a series of transactions in January, according to filings with the London Stock Exchange. At the end of December, the stake stood at 17.88 percent. Based on the latest filing on Jan.18, 17.11 ...
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News briefs
Frasers Group hikes stake in Boohoo to 21.49% vs 17.22%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 21.49 percent from 17.22 percent, according to a stock exchange filing. The British retailer has been building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an opportunity ...
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News briefs
JD Sports takes full control of MIG
JD Sports Fashion has bought a 40 percent stake in Marketing Investment Group (MIG) and is now the sole owner of the Polish-based wholesaler and multi-channel retailer. The acquisition was completed following clearance by the European Commission. JD Sports already owned a 60 percent stake in MIG, acquired in 2021. ...
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News briefs
t/s Brand Management takes over the Kastinger license
The footwear company t/s Brand Management GmbH is expanding its portfolio by becoming the exclusive licensee of the Kastinger brand, which specializes in mountain, hiking and leisure shoes. The companies signed a ten-year agreement, starting from Jan. 1 this year. t/s Brand Management showcased the Kastinger brand at ...
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News briefs
Tobias Eichmeier becomes the CCO of the ANWR group
At the turn of the year, Tobias Eichmeier stepped down as managing director of ANWR’s footwear business ANWR Schuh GmbH to concentrate fully on his role as chief commercial officer (CCO) for the entire buying group. As CCO, Eichmeier will be responsible for the group’s overall strategy alongside his ...
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News briefs
Ownership and management change at ECC
European-Clearing-Center (ECC), which acts as a platform for electronic data exchange between producers and retailers in the footwear and fashion sector, underwent a change of ownership and management. Effective from Jan. 1, the footwear buying groups ANWR and Sabu and the shoe and leather goods industry association HDS/L purchased the ...
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News briefs
Hapag-Lloyd and Maersk join forces
The German shipping company Hapag-Lloyd and its Danish peer Maersk have signed an agreement for a new long-term operational collaboration called “Gemini Cooperation”, which will start in February 2025. “The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability,” the companies said in a joint statement. ...
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News briefs
Hugo Boss' Q4 sales, Ebit rise
In the fourth quarter of 2023, Hugo Boss’ currency-adjusted sales grew by 13 percent to €1,177 million, with all brands, regions and channels contributing to top line growth. Meanwhile, Ebit increased by 17 percent to €121 million, but it missed market expectations of €133 million. In the full year, currency-adjusted ...
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News briefs
Snipes’ founder steps down as CEO
Sven Voth, the founder of sneaker specialist Snipes SE, is handing over his position as CEO to Dennis Schröder, who has been the company’s general manager since April 2023. Schröder will immediately assume responsibility for the business of the internationally operating sneaker and streetwear retailer. Voth will remain with the ...
