Latest News Briefs – Page 106
-
News briefs
France to invest €2.3bn in industrial startups
The French government presented a plan to invest €2.3 billion over five years to help the development of industrial startups as part of an effort to re-industrialize the country. The programme includes the creation of a new fund with an endowment of €1 billion to invest in the equity of ...
-
News briefs
Prada FY sales up 41%
In 2021, Prada posted sales of €3.364 billion, up by 41 percent from 2020 and by 8 percent from 2019 at constant currency rates driven by its retail business. In the second half of 2021, the Italian fashion house enjoyed a sharp improvement in sales, operating margins and cash generation. ...
-
News briefs
Coats launches Lattice Lite Eco for footwear
Coats is launching Lattice Lite Eco, a fiber-laying technology using sustainable materials to create footwear composite materials. The British industrial thread manufacturer described the technology as “revolutionary” as it enables yarns to be precisely positioned in the required place and direction. ”This means the thickness, flexibility, torsion and rigidity of ...
-
News briefs
Amazon reverses ban on U.K. Visa cards
Amazon has suspended a decision to ban the use of Visa credit cards in the U.K. The decision to ban the use of the cards from Jan. 19 was announced in November and was blamed on “high cost of payments”. The American online retailer said “we are working closely with ...
-
News briefs
Schwan-Stabilo buys a stake in Doghammer
The German Schwan-Stabilo group has taken a minority stake in Doghammer, a young outdoor footwear brand. The agreement was signed shortly before the end of 2021. Further details of the transaction were not disclosed. Doghammer was established in 2015 by Matthias Drexlmaier and Maximilian Hundhammer in Rosenheim in Bavaria. Since ...
-
News briefs
Sorel offers three styles on Zappos Adaptive
Sorel is partnering with Zappos.com, a subsidiary of Amazon, to launch three styles on Zappos Adaptive, which offers products that combine fashion and function to meet the needs of people with disabilities. Sorel chose the styles Explorer II Joan Dual Zip, Emelie II Chelsea Heel Zip and Explorer Boot Dual ...
-
News briefs
S&P has a negative credit outlook for Crocs
Having completed its review of Crocs following its $2.5 billion takeover of Hey Dude, Standard & Poor’s gave a negative outlook to the company, in contrast with the stable outlook assigned by Moody’s. S&P indicated that it might downgrade Crocs if it fails to integrate the casual footwear brand as ...
-
News briefs
Next cuts sick pay for unvaccinated staff isolating after Covid contact
The British fashion retailer Next is cutting sick pay for unvaccinated staff who must self-isolate due to exposure to Covid-19. The move means that unvaccinated workers required to isolate after being identified as a close contact of someone with Covid could receive as little as the UK’s statutory sick pay ...
-
News briefs
StockX is reportedly working on its IPO
StockX, the fast-growing auction platform for heritage sneakers and other collectibles, has started working on a public offering with Morgan Stanley and Goldman Sachs, said Bloomberg, quoting “people with knowledge of the matter.” The report, which could not be confirmed, comes a couple of months after StockX announced its first ...
-
News briefs
Rodolfo Zengarini obtains Bikkembergs license
Rodolfo Zengarini has obtained a five-year license to produce footwear under the Bikkembergs brand, starting with the 2023 spring/summer collection. The companies have however already started a partial collaboration on the forthcoming autumn/winter collection. The license was previously held by Hong Kong-based Global Brands Group (GBG) that went bankrupt last ...
-
News briefs
Sergio Rossi appoints Evangelie Smyrniotaki as artistic director
The Italian shoe maker Sergio Rossi has appointed Evangelie Smyrniotaki, the founder in 2011 of the fashion blog Style Heroine, as its new artistic director. Smyrniotaki has frequently collaborated with high-end fashion brands such as Chanel, Prada and Versace. She will manage the brand’s image, including the supervision of the ...
-
News briefs
Premiata launches a ready-to-wear collection
Premiata launched its first ready-to-wear collection at the 101st edition of Pitti Immagine Uomo, held in Florence from Jan. 11 to 14, as part of its product diversification. The Italian footwear company known for its sneakers launched a collection of backpacks early last year. The cloths are genderless and manufactured ...
-
News briefs
Piquadro starts footwear collaboration with ACBC
The Italian leather goods company Piquadro presented its first collection of unisex sneakers called Corner20 at the Pitti Immagine Uomo trade show held in Florence from Jan. 11 to 14. The shoes were produced in collaboration with ACBC and are matched with a selection of backpacks. ACBC is an Italian ...
-
News briefs
Caleres hikes its full-year guidance
Caleres raised its earnings per share outlook for the fiscal year ending Jan. 29. The U.S. footwear company now anticipates reported earnings of $3.29-3.39 per share. Adjusted earnings per share is seen reaching a record $4.00-4.10.
-
News briefs
CTC names Françoise Nicolas as general director
Centre Technique du Cuir (CTC), the French-based research and training group that redistributes funds collected among its members to support the national leather industry, has appointed Françoise Nicolas as its general director. Her primary objectives will be to support the leather industry in digital transition, sustainable development and skills management. ...
-
News briefs
Rizzo’s debt restructuring to be discussed Jan. 24
The Stockholm District Court will hold hearings on Jan. 24 to discuss a debt restructuring proposal for Rizzo and its subsidiary Rizzo International. The court also approved to Rizzo’s request to extend its restructuring period for an additional three months to March 21. The Swedish retailer’s composition offer involves the ...
-
News briefs
Crocs improves its 2021 sales guidance
Crocs expects to post record 2021 revenues with growth reaching 67 percent against 2020. This compares with a previous guidance of a 62-65 percent sales increase. The company also estimates adjusted operating margin of nearly 30 percent in the full year. It noted that share repurchases in 2021 reached $1 ...
-
News briefs
Superfeet founder passes away
Dennis Brown, the founder of Northwest Podiatric Laboratory and Superfeet Worldwide, a leading American supplier of comfort insoles, died on Dec. 31 at his home in Blaine, Washington. He was 96 years old. He started Northwest Podiatric Laboratory in 1964, where he developed patented orthotic products and casting techniques. ...
-
News briefs
Shopping via social media seen reaching $1.2 trillion in 2025
Shopping through social media platforms is expected to grow three times as fast as traditional e-commerce, according to a report issued by Accenture. Boosted by the Covid pandemic, it should rise from $492 billion a year to $1.2 trillion globally by 2025. The report shows that 64 percent of the ...
-
News briefs
A new sustainable collab between Adidas and Prada
Adidas has unveiled a new partnership with Prada with a sustainable twist. The new Adidas for Prada Re-Nylon collection consists of a wide range of Adidas Originals products made in Italy with the permanently recyclable Re-Nylon fabric introduced by Prada in 2019, which is made by recycling textile waste and ...
