Latest News Briefs – Page 107
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News briefs
ABG cancels its IPO registration
The Authentic Brands Group has officially withdrawn the application that it had made with the U.S. Securities & Exchange Commission on July 6, 2021 for an initial public offering. ABG, which is still in line to take over Reebok before the end of the current quarter, had indicated in November ...
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News briefs
Eram appoints a new head for its downtown stores
The French footwear retailer Eram has appointed Antony Bâcle to head its retail business, which includes the group’s Eram, Texto, Bocage and Mellow Yellow stores, operating in downtown areas. Bâcle, who has been with the Eram group for nearly 13 years, was previously in charge of operations for the business, ...
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News briefs
Dr. Martens’ main shareholder sells down its stake
IngreLux, a Luxembourg company owned by funds advised by the investment firm Permira, has sold 65 million ordinary shares in Dr. Martens at a price of 395 pence (€4.73-$5.35) each in a placing, raising gross proceeds of approximately £257 million (€307.7m-$347.8m). The price represents a 6 percent discount from the ...
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News briefsCher is the new face of Ugg
Ugg has chosen Cher to feature in its latest marketing campaign. The brand dispatched Neil Favila to the singer’s house in Malibu, California, to photograph her while she meditated, watched movies and discussed her values and social causes. Cher donned Ugg’s Classic Mini and Coquette for the occasion. ...
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News briefs
Expo Riva Schuh has 520 exhibitors confirmed
Expo Riva Schuh & Gardabags, the Italian footwear and accessories exhibition scheduled in Riva del Garda from Jan. 15 to 18, has 520 confirmed exhibitors from 32 countries, mainly Italy, Turkey, Spain, Portugal and India. The exhibitors will be presenting their 2023 autumn/winter collections. The trade show noted that registrations ...
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News briefs
Sergio Rossi to open a store in Milan’s Spiga 26 hub
The Italian shoe maker Sergio Rossi has decided to rent an about 200-square-meter space at the Spiga 26 hub located in the heart of Milan’s fashion district. Sergio Rossi is the second tenant of the real estate project after the brand Moschino, owned by the fashion group Aeffe. The shoemaker’s ...
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News briefs
Aeffe’s managing director leaves
Marcello Tassinari, the managing director of Aeffe, the Italian fashion house that owns Pollini and other brands, reached an agreement for the ”consensual termination” of his employment with the company, with a termination date set on Dec. 31, 2021. Tassinari had been with the company for over 19 years, of ...
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News briefs
Holding Industriale buys 50% of the Italian shoe maker Valmor
Holding Industriale, an Italian investment firm which focuses on small and medium-sized companies, has bought a 50 percent stake in the shoemaker Valmor through its unit Holding Moda. It is Holding Industriale’s first foray into the footwear business. Valmor’s headquarters are in Civitanova Marche, situated in the footwear cluster of ...
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News briefs
JAC obtains Mcs license
The Italian company Just Another Copy (JAC) has obtained a license to produce and distribute men and women’s footwear under the Mcs brand from the next autumn-winter season. JAC was created in February 2021 by the businessman Cesare Pizzuti and the Torresi family, which owns the brand Galizio Torresi. The ...
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News briefs
Baffin launches new Canadian made winter boots
The Canadian brand Baffin launched the Territories Collection, a line of winter boots manufactured in Stoney Creek, Ontario. The collection is initially available exclusively on the brand’s website and will be rolled out to wholesale clients in the autumn of 2022. Named after two of Canada’s Territories, the collection contains ...
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News briefs
Data analyst Volumental raises $13m
Volumental, a Swedish firm that helps footwear brands and retailers leverage data to improve in-store and online shopping experiences, has raised $13 million, its largest financing round to date. The financing was led by CNI, a private equity firm based in Stockholm, and provided investors with a minority equity stake. ...
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News briefs
FitFlop uses Rakuten’s new personalized cash back offer
The brand of fashion comfort shoes, FitFlop, is one of the first companies to have used Rakuten’s new personalized cash back service “Personalized Rewards.” Rakuten Americas, the North American division of Rakuten, a Japanese provider of internet and e-commerce services, explained that the service enables brands to make personalized cash ...
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News briefs
AlgiKnit opens innovation hub in North Carolina
The biomaterials firm AlgiKnit opened on Dec. 15 an innovation hub in Morrisville, located in The Research Triangle area of North Carolina. The company, which produces yarns derived mostly from the seaweed kelp, will begin pilot projects with global brands from the new space in early 2022. The new facility ...
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News briefs
Shoe Carnival clears new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million of its common stock, effective Jan. 1, 2022. It replaces an existing $50 million share repurchase program that was authorized on Dec. 15, 2020, and that expires on Dec. 31, 2021. Additional purchases may be made ...
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News briefs
German, Indian fairs postponed due to Covid-19
The women’s and menswear trade shows Premium and Seek, and the textile trade show Neonyt, which were scheduled to run Jan. 18-20 during the Frankfurt Fashion Week have been postponed to July due to tighter Covid-19 restrictions in Germany. The events Val:ue and The Ground have also been postponed to ...
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News briefs
Skechers takes over its distribution in the Philippines
Skechers has taken charge of its distribution in the Philippines through a subsidiary, Skechers USA Philippines. The current distributor, Trendworks International, will continue to sell Skechers products until the end of this year. According to David Weinberg, chief operating officer of Skechers USA, a “dedicated team focused on growth and ...
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News briefs
Zegna starts trading on NYSE
On Dec. 20, Ermenegildo Zegna debuted on the New York Stock Exchange through a merger with Investindustrial Acquisition Corp (IIAC), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, which is part of the private equity Investindustrial founded by the Italian businessman Andrea Bonomi. Shares in Zegna ...
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News briefs
LVMH launches €300m share buyback
LVMH has granted an irrevocable mandate to an investment services provider for the acquisition of a maximum of €300 million of its shares over a period starting on Dec. 21 and which could last until Feb. 15. The price of the shares bought under this mandate must not exceed €950 ...
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News briefs
Camper sees FY sales up 22%
The Spanish footwear company Camper expects sales to rise by 22 percent this year to €146 million after falling by 28 percent to €128 million in 2020 due to the outbreak of the Covid-19 pandemic. The surge in sales was underpinned by e-commerce, with online sales representing half of this ...
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News briefs
Shoe Carnival launches same-day delivery with DoorDash
Shoe Carnival has launched a same-day delivery service in partnership with DoorDash. It is available to all continental U.S. customers who reside within 12 miles of a Shoe Carnival location through the footwear retailer’s website. The standard same-day delivery fee is $10, with a discounted rate of $5 for Shoe ...
