Latest News Briefs – Page 104
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News briefs
OrthoLite celebrates 25 years
OrthoLite celebrates its 25th anniversary in 2022, after posting the best year in its history in 2021 thanks to a vertically-integrated structure which helped lift sales. The U.S. producer of insoles was founded in 1997 by Glenn Barrett, its current CEO. OrthoLite claims that 2022 will be devoted toward finding ...
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News briefs
Foot Solutions buys the Florida-based retailer Happy Feet Plus
Foot Solutions, a U.S. retailer of wellness footwear and custom orthotic insoles, is buying the Florida-based retailer Happy Feet Plus. Details of the transaction were not disclosed. Foot Solutions also announced the promotion of Taylor Berry to vice president of operations and Bryan Scott to senior vice president of ...
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News briefs
The Italian helmet firm Kask takes over the U.S. bootmaker Vogel
Kask, an Italian company founded in 2004 specialized in sports and work helmets, announced the acquisition of Vogel, a Manhattan-based maker of riding boots and other footwear since 1879. The purchase is part of Kask’s strategy of increasing its presence in the fashion business while remaining an established company in ...
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News briefs
Nexgen Packaging invests in Mexico, Guatemala
Nexgen Packaging, an American supplier of packaging for the retail, apparel and footwear industry, is expanding its manufacturing capacity in Latin America with two new strategic investments. The expansion will allow it to meet the increasing demand from retailers and manufacturers, as required by the fast-growing omnichannel retail market, ...
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News briefs
Genesco picks Syndic8 for data content delivery
Genesco has stepped up its e-commerce expansion with a new partnership. The Nashville-based footwear and accessories specialty retailer signed a deal with Syndic8 to use its product content management platform, the provider of cloud-based and collaborative, digital product distribution solutions. Syndic8 claims that its platform will enable Genesco’s sales ...
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News briefsU.S. fiber company Circular Systems joins C.L.A.S.S. material hub
California-based company Circular Systems is a new C.L.A.S.S. material hub partner, promoting its circular, regenerative solutions for transforming waste into net positive fibers, yarns and fabrics through the platform based in Milan, Italy. In its own words, C.L.A.S.S. identifies fibers, yarns, fabrics that embody creativity, innovation and sustainability at the ...
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News briefs
Unbound starts trading on AIM and renews its management
Unbound Group, the owner of the British footwear retailer Hotter Shoes, started trading on the AIM segment of the London Stock Exchange on Feb. 1. The company, which was previously called Electra Private Equity, previously announced that it was moving from the stock exchange’s main market to the AIM as ...
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News briefs
India to introduce a digital rupee by March 2023
The Indian government plans to launch a digital rupee based on blockchain technology by March 2023. “Introduction of central bank digital currency will give a big boost to (the) digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” the finance minister, Nirmala Sitharaman, ...
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News briefs
Brazilian brands generate $7.5m in sales at Expo Riva Schuh
The 26 Brazilian footwear brands that attended Expo Riva Schuh are expected to generate more than $7.5 million in revenues, through the sale of 670,000 pairs, thanks to their participation to the Italian trade fair held between Jan. 15 and 18, in Riva del Garda, according to the trade association ...
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News briefs
BASF to boost HMD, polyamide 6.6 production
BASF has decided to build a new hexamethylene diamine (HMD) plant in Chalampé, France. Production is expected to start in 2024 and will increase the German group’s annual capacity to 260,000 metric tons. Furthermore, BASF will bolster its polyamide 6.6 production in Freiburg, Germany, starting 2022. The planned investments will ...
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News briefs
EU probes Pierre Cardin, Ahlers for alleged breach of competition rules
The European Commission has launched a formal antitrust investigation to assess whether Pierre Cardin and Ahlers have breached European Union competition rules by restricting cross-border and online sales of Pierre Cardin-licensed products. The French fashion house licenses its trademark for the manufacture and distribution of products. The German clothing manufacturer ...
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News briefs
Material shortages ease for German manufacturers
The shortage of materials in German manufacturing eased in January, with 67.3 percent of companies reporting bottlenecks and problems procuring intermediate products and raw materials, according the Ifo research institute. In December, the figure was 81.9 percent. “Despite this development, companies still have much to worry about,” said Klaus Wohlrabe, ...
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News briefs
US footwear sales exceed $100bn in 2021
Footwear sales in the U.S. rose by 29.8 percent in 2021 to a record $100.7 billion, according to the trade association Footwear Distributers and Retailers of America (FDRA), which claims to represent 95 percent of all U.S. shoe companies. It noted that the record was helped by a 20.5 percent ...
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News briefs
Global sports shoe market to grow strongly this decade
Global sales of athletic footwear are expected to grow strongly this decade according to two separate reports. The surveys have different estimates but both highlight the robust upward trend of the industry. The market is expected to reach $165 billion in 2030, representing a 50.4 percent increase from the $109.7 ...
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News briefs
Pikolinos CEO leaves
Pikolinos’ CEO, Manel Jadraque, is leaving the Spanish footwear company as the founding family takes over full control. The company explained that the three children of the founder Juan Perán Ramos, who have been with the company for more than a decade, are taking on all executive powers in ...
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News briefs
LVMH fashion and leather goods business posts strong Q4
LVMH saw organic sales of its fashion and leatherwoods division rise by 51 percent in the fourth quarter of 2021 compared to the same quarter of 2019, as the French luxury goods conglomerate expressed confidence in “its ability to maintain its current growth momentum.” For the full year, reported revenues ...
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News briefs
Legero and Gore-Tex expand collaboration with new product display
The Austrian-based footwear group Legero United and the fabric manufacturer Gore-Tex have decided to expand their long-standing collaboration. The two companies announced an innovative, interactive installation display for the Humanic store on Graz’s Herrengasse. Their joint shoe models will be displayed alongside projected moving images of natural landscapes ...
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News briefs
Bisgaard to launch a women’s collection in Germany
Bisgaard is launching a women’s collection in Germany, collaborating with Düsseldorf-based agency Muth. The Danish brand already sells children’s shoes in about 700 doors in Germany. Under the partnership deal, Muth will manage the distribution of Bisgaard’s women’s collection in the new market starting from the next autumn/winter season. The ...
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News briefs
Vulcabras gets top ratings for sustainability
Vulcabras has been certified by three Brazilian industry bodies, as a most sustainable shoe manufacturer in the country. The Brazilian parent of Olympikus, which manufactures 25 million pairs of shoes a year at its own factories in the country, It is the first one in the sector to be using ...
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News briefs
Aeffe full-year footwear, leather goods sales up 30%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, posted overall revenues of €324.6 million in 2021, up a reported 20.8 percent on the year earlier and 20.6 percent higher at constant exchange rates. The group highlighted an acceleration of sales in the U.S., up by 41.4 percent, ...
