Latest News Briefs – Page 10
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News briefs
Amer Sports files registration form for planned U.S. IPO
Finnish Amer Sports, Inc., which includes the Arc’teryx, Salomon, Wilson, Peak Performance and Atomic brands, among others, announced on Jan. 4, that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number ...
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News briefs
Maersk to divert shipping from Red Sea for “foreseeable future”
Maersk said that it will divert all vessels from the Red Sea and the Suez Canal south around the Cape of Good Hope for the “foreseeable future”. The decision was taken by the Danish shipping company because of the volatile situation in the Red Sea as Yemen’s Houthi rebels ...
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News briefs
ABG partners with BBC International for DC Shoes in U.S., Canada
Authentic Brands Group (ABG) has partnered with Florida-based BBC International for its skateboarding, snowboarding and street lifestyle brand DC Shoes. Under this agreement, BBC will handle the global design, wholesale distribution and sourcing of DC Shoes footwear and snowboard boots in the U.S. and Canada. BBC is a full-service footwear ...
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News briefs
U.K. store footfall declined in December
Retail store visits for the five weeks ended Dec. 30 fell by 5.0 percent year-over-year in the U.K. due to poor weather and weak consumer confidence, according to the British Retail Consortium and Sensormatic Solutions IQ’s Footfall Monitor report. The footfall was down by 0.7 percent year-over-year in November after ...
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News briefs
Footway to hold an EGM on Jan. 25
The e-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected ...
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News briefs
Lotto in a license agreement for Germany and Poland with Fashioncenter
WHP Global, a U.S. brand management company and owner of the Lotto label, has signed a long-term license agreement for the brand with Norderstedt-based Fashioncenter. A subsidiary of the Schmidt Group, Fashioncenter was recently entrusted with the license for the Kappa brand for 25 years and is now taking over ...
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News briefs
Nepal shoe industry working at 40% capacity
Nepal’s footwear manufacturing industry is working at only 40 percent of capacity due to a decline in exports, higher imports and smuggling, the local news agency RSS reported, citing Naniraj Ghimire, the president of the Footwear Manufacturer’s Association of Nepal. According to the association, Nepal has the capacity to produce ...
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News briefs
Cambodia footwear exports down by 23%
Cambodia’s footwear exports fell by 23 percent in the first 11 months of 2023 to $1.21 billion from $1.57 billion a year earlier, according to the Ministry of Commerce. The country’s exports of garment, footwear and travel products were down by 15 percent over the period to $9.9 billion. Cambodia ...
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News briefs
Skechers opens a distribution center in Mumbai
Skechers inaugurated a national distribution center near Mumbai. The 600,000 square feet facility is located in the Lodha Industrial and Logistics Park in Kalyan and has a capacity to dispatch up to 60,000 pairs daily. The site represents the initial phase of a strategic partnership to develop a 1.1 million ...
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News briefs
Simon Tölle joins Sabu’s board
The German shoe retail cooperative Sabu has announced changes to its board of directors. From Jan. 1, 2024, Simon Tölle will join the board, replacing Peter Werner, who is stepping down at the end of December “at his own request” after more than twelve years in the role, the Heilbronn-based ...
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News briefs
LaShoe ceases operations
The German online shoe retailer LaShoe, which specializes in women’s shoes for hallux valgus - a misalignment of the big toe - and sensitive feet, will cease operations at the end of 2023. The Düsseldorf-based company, a subsidiary of the Walbusch Group, failed to sufficiently grow its customer base ...
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News briefs
Uzbekistan ramps up footwear production, export
Over the past six years, Uzbekistan made a lead forward in terms of footwear production and export, the Uzbek association of leather and footwear producers, Uzcharmsanoat, reported. In 2023, the country is expected to manufacture 246 million pairs of shoes, compared to only 10 million pairs in 2017. Exports are ...
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News briefs
Hanwag appoints a senior sales manager for Germany
The hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, is expanding its sales team in Germany. Manuel Jäckle took over the position of senior sales manager Germany on Nov. 1, 2023. In this key role, Jäckle is responsible for both internal coordination and field sales and reports ...
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News briefs
Buffalo teams up with Berlin party collective Herrensauna to launch joint shoe collection
The German footwear manufacturer Buffalo has joined forces with Berlin party collective Herrensauna, which organizes club nights in the techno scene, to create a bespoke limited-edition, party-ready shoe line within Buffalo’s new collaboration label Source. Launched last year, Source aims to connect the footwear brand with underground culture. “United ...
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News briefs
Wolverine Worldwide appoints a chief supply chain officer
Wolverine World Wide, Inc. has announced the appointment of Bishu Jayaram to the newly created position of chief supply chain officer. In this position, he will be responsible for global sourcing, distribution, logistics and integrated planning. Jayaram, a seasoned executive with over 20 years of supply chain and sourcing experience, ...
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News briefs
Maritime disruption in the Red Sea will strain supply chains
A prolonged disruption of martime traffic in the Red Sea caused by attacks on vessels by Houthi militants from Yemen is expected to strain global supply chains and raise transportation costs, according to the credit rating agency DBRS Morningstar. “The passing-through of costs by the providers of essential seaborne cargo ...
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News briefs
Golden Goose reportedly seeking to raise €1bn in IPO
Golden Goose plans is looking to raise about €1 billion from an initial public offering (IPO) scheduled in Milan next year, the news agency Reuters reported citing three people close to the matter. Permira, which has an 83 percent in the Italian sneaker brand, has appointed Bank of America, JP ...
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News briefs
Crocs appoints two board directors
Crocs has appointed John Replogle and Neeraj Tolmare to its board of directors, effective Jan. 1, 2024. “The new appointees will bring new skill sets and extensive brand building experience in consumer facing businesses to the Crocs board,” the U.S. footwear company said in a statement. Replogle “brings decades of ...
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News briefs
GMS’ Boys & Girls continues to expand
Boys & Girls, the children’s footwear marketing project of the Cologne-based shoe retailing association GMS, has continued to expand, with the opening of three new specialist stores in the past twelve months. At the end of 2022, Steffen Rüger launched “Boys & Girls Children’s Shoes Rhein-Neckar” in Schwetzingen, in ...
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News briefs
Farfetch acquired by Coupang
The luxury fashion online retailer Farfetch has been acquired by South Korean e-commerce company Coupang for an undisclosed sum. Coupang has already founded a company called Athena Topco LP together with the financial firm Greenoaks Capital Partners LLC for the purpose of the takeover. The deal reportedly provides the ...
