Latest News Briefs – Page 111
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News briefs
Roberto Cavalli sees 2021 sales at €60m
Roberto Cavalli posted revenues of about €46 million in 2020 and expects to see the top line rise to about €60 million this year before reaching €80 million in 2022, when the Italian fashion house also expects to reach breakeven. The company said that its future development will depend on ...
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News briefs
Expo Riva Schuh releases online events calendar
Riva del Garda Fierecongressi, the organizers of Expo Riva Schuh and Gardabags, confirmed that the trade shows will be held Jan. 15-18 at the exhibition center of the Italian town of Riva del Garda to present collections for the autumn/winter 2022-2023 season. They also released a calendar of online events ...
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News briefs
Austria enforces lockdown for the unvaccinated
In Austria, retailers face the “lockdown for unvaccinated people aged 12 and older” that the government has just enforced. The new regulation states that unvaccinated individuals or those who have not yet contracted Covid-19 and recovered from it are not allowed to shop at non-food retailers (so-called “2G rule”). Furthermore, ...
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News briefs
Pollini sales rise sharply
In the first nine months of 2021, Pollini, a footwear brand owned by the Italian fashion house Aeffe, posted sales of €21.6 million, up by 26.9 percent from a year earlier and representing 8.6 percent of Aeffe’s total revenues. Over the period, Aeffe’s sales totaled €250.0 million, up by 20.9 ...
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News briefs
Saucony hires Brian Moore as global product head
Saucony, part of the Wolverine Worldwide group, has appointed footwear industry veteran Brian Moore as senior vice president of global product, effective immediately. In his new role, Moore will be responsible for Saucony’s global brand footwear and apparel strategies, including design, development and product innovation. Moore will report directly to ...
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News briefs
Richemont, Farfetch in talks to expand their partnership
Richemont is in advanced talks to enhance its partnership Farfetch. The deal under discussion would involve Farfetch investing directly in Yoox Net-a-Porter (YNAP) as a minority shareholder, with other investors to be invited to participate, according to the Swiss luxury goods company. Other industry players and investors have already indicated ...
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News briefs
Pittards not affected by situation in Ethiopia
Pittards, a British producer of leather and luxury leather goods, said that its activities in Ethiopia have not been affected by the war in the country. “The board is mindful of the current situation in Ethiopia. At present, the group’s operations in Ethiopia, including the free flow of goods, activities, ...
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News briefs
Xero Shoes debuts European website
Xero Shoes has inaugurated a European e-commerce website, at www.XeroShoes.eu, starting by offering discounts of 12 to 70 percent for a while. The American brand of “natural movement” footwear produces several models in three categories: performance, casual and sandals. The performance models cover walking, road running, trail running and hiking, ...
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News briefs
Mime et moi is up for sale
In order to relaunch the Munich-based brand Mime et moi, the administrator Axel Bierbach from the law firm Müller-Heydenreich Bierbach & Kollegen (Munich) has launched a procedure to find an investor who can inject fresh capital into the start-up in order to guarantee the continuation of its activities and save ...
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News briefs
Wildberries launches branded pick-up points outside Russia
The Russian e-commerce giant Wildberries has launched its first branded pick-up points outside Russia. They were rolled out in Belarus, Armenia and Kazakhstan to improve brand recognition in those markets. “Wildberries launched sales in Belarus in 2012, entered the Kazakh market in 2014, and the Armenian market in 2018. The ...
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News briefs
Adidas strikes a cautious note after a 3.4% sales hike in Q3
Adidas toned down its expectations for full-year sales and earnings as the company’s growth slowed in the third quarter due to supply chain disruptions, Covid-related lockdowns in Asia-Pacific and a “challenging” market environment in Greater China. In the quarter, Adidas saw its sales edge up by just 3.4 percent to ...
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News briefs
Allbirds’ IPO proceeds rise to $348m
The underwriters of Allbirds’ public offering fully exercised an over-allotment option to purchase additional shares, which was not surprising in view of the doubling in the initially offered price of $15 a share in the course of trading. All in all, Allbirds has placed a total of 16,850,799 shares, raising ...
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News briefs
Crocs to provide resale-as-a-service with ThredUp
Crocs is launching a resale program with ThredUp’s Resale-as-a-Service (RaaS) platform. The program is called “Clean Out” and is likewise intended to help the brand achieve net-zero carbon emissions – in this case by 2030 – and establish a circular economy. Customers in the U.S. can go online and print ...
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News briefs
Norda puts a graphene membrane into a shoe
Norda, the new Canadian brand of running shoes, has come out with what it claims to be the first shoe that features a graphene membrane. A British company, Inov-8, had put the material in its shoes before, but in their soles and midsoles. Graphene’s high thermal conductivity allows it to ...
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News briefs
U.K. anti-trust authority again blocks the JD Sports-Footasylum merger
The U.K.’s Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening ...
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News briefs
Boohoo agrees preliminary terms of U.S. class action lawsuit
The British fast-fashion retailer Boohoo has agreed to terms of a preliminary settlement with parties that brought a U.S. class action claim alleging its promotions in California misled shoppers. The company said the preliminary settlement will be covered in full by its existing claims provisions, which stood at £19.1 million ...
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News briefs
Mitchell & Ness revives century-old athletic brand
Mitchell & Ness has revived Hood Rubber Company, a footwear brand that closed up shop in 1972. The brainchild of Frederic and Arthur Hood dates back to 1896. In 1914 it was among the first to produce a basketball shoe, with a canvas upper, and to use aluminum, rather than ...
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News briefs
OVS takes over Gap stores in Italy
The Italian apparel retailer OVS agreed to buy all 11 Italian stores of its U.S. peer Gap. The deal is anticipated to complete in February 2022. The two companies have worked together since early 2020. Through a franchise agreement, OVS offers GapKids in its stores and Gap Adult and Kids ...
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News briefs
PLD introduces intermold technology into footwear
The U.S. company Parting Line Design (PLD) announced the introduction of the one-step injection molding solution Intermold in the footwear industry. The international group Aplix holds the patent for Intermold and the technology is already used in other industries including the medical, automotive and cleaning sectors. PLD explained that Intermold ...
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News briefs
Vans to release two collaborative collections
Vans’ two latest collections are collaborations with the Japanese streetwear brand Bape (A Bathing Ape) and the Italian outerwear brand Napapijri. Vans x Bape, which is due for release on Nov. 30, consists of redesigns of established Vans models – specifically two sneakers and a hoodie – that blend elements ...
