Latest News Briefs – Page 116
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News briefs
Lenzing to use carbon-zero Tencel fibers for Refibra
Celebrating the first anniversary of the launch of carbon-zero Tencel branded fibers, the Austrian Lenzing Group announced the expansion of carbon-zero Tencel branded fibers to Refibra technology to address growing industry demand to achieve circular fashion and carbon neutrality. The first carbon-zero Tencel branded Lyocell and Modal fibers have continued ...
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News briefs
Percassi opens another Nike store in Barcelona
Last year Nike made Italy’s Percassi Group its preferred partner in southern Europe, opening six stores with the Italian firm in Greece, Italy and Portugal as well as a flagship on a major thoroughfare in Barcelona, Paseo de Gracia. According to Palco23, a Spanish news service covering the sports business, ...
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News briefs
Sugi is licensing Sergio Tacchini footwear for Europe
Sergio Tacchini Europe has signed a long-term licensing deal with Sugi International for the development, production and distribution of a new line of Sergio Tacchini footwear that will “significantly upgrade the quality and breadth” of the line, while expanding its distribution. The deal covers many countries in Europe, including Russia, ...
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News briefs
New Balance faces new complaint over its made in USA label
A consumer advocacy organization, truthinadvertising.org, has filed a complaint with the U.S. Federal Trade Commission (FTC), asking it to investigate the validity of New Balance’s “made in USA” label, which it uses in at least a dozen models of footwear. According to the complaint, NB claims “a domestic value of ...
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News briefs
Martinsen family hikes stake in Arkk Copenhagen
The Martinsen family, one of Denmark’s richest business dynasties, has doubled its stake in the local sneaker company Arkk Copenhagen by buying out Winnie Liljeborg and Per Enevoldsen, founders of the Danish jewelry firm Pandora, according to the financial website Finans. The acquisition was carried out by Friheden Invest, an ...
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News briefs
Genesco obtains North American license for Starter
Genesco signed a three-year licensing agreement for the athletic brand Starter with Iconix Brand Group. With the agreement, Genesco becomes the exclusive footwear licensee in the U.S. and Canada. The deal includes a three-year renewal option, which would extend the partnership through Dec. 31, 2027. “Starter has been part of ...
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News briefs
Vestiaire Collective raises €178m
The French online reseller of second-hand luxury goods Vestiaire Collective has raised €178 million in a new funding round valuing it €1.45 billion. The funding round was led by SoftBank Vision Fund. Other investors include Generation Investment Management, co-founded and chaired by former U.S. vice president Al Gore, and Vestiaire ...
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News briefs
Spanish minimum wage to be above 60% average in 8 regions
Spain’s minimum wage, referred to as salario mínimo interprofesional (SMI), will already exceed 60 percent of the average regional wage in eight regions, including Valencia, where the footwear cluster of Elche is located, according to the daily Cinco Dias. The government is expected to approve in the coming days an ...
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News briefs
Crocs is changing the material contents of its Classic Clog
In a quest to halve its carbon footprint and achieve net zero emissions by 2030, Crocs has begun using a bio-based material that it has trademarked under the name Croslite. The brand’s idea is to change not the design but the composition of its signature product, the Classic Clog. This ...
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News briefs
New investor for FootBalance
FootBalance, a Finnish manufacturer of custom insoles, has entered into a partnership with a new investor, London-based IPGL Limited. IPGL has acquired Scope Growth II L.P.’s shares in the company. “FootBalance has during our ownership evolved from a local provider of insoles to become a global category leader in foot ...
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News briefs
Shoe Carnival appoints a new board director
Shoe Carnival has appointed Diane Randolph to its board of directors. With her appointment, the board of the U.S. footwear retailer is composed of seven directors, of which five are independent. From 2014 to 2020, Randolph held the position of chief information officer of U.S. beauty retailer, Ulta Beauty. Prior ...
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News briefs
Kick Game raises £3.5m in new funding round
The British retailer of luxury sneakers Kick Game has obtained £3.5 million (€4.1m-$4.8m) in funds from the investment company VGC Partner, which had already made an initial investment of £2.5 million in May 2020. The funds will be used to boost the company’s online business and expand the store network ...
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News briefs
Spanish government and unions agree on minimum wage hike
The Spanish government and trade unions have reached an agreement on a slight increase in the minimum monthly salary, which will increase by 15 euros a month to a gross 1,125 euros a month over a 12-month period. The increase is retroactive, going into effect as of Sept. 1, 2021. ...
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News briefs
ASF 4.0 shoe factory starts production in France
One year after laying the foundation stone and despite the pandemic, the Advanced Shoe Factory 4.0 (ASF 4.0) in Ardoix, in the heart of the Auvergne-Rhône-Alpes region of France, started up its automated production facility for sports footwear on Sept. 16. ASF 4.0 is a subsidiary of textile specialist Chamatex ...
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News briefs
Adidas sneaker ties in with the newest Bond film
Adidas will be introducing four Ultraboost sneakers for its 007 collection for the debut of the new James Bond movie, No Time to Die, which will have its global premiere in the U.K. on Sept. 30. To promote them, the German sportswear giant is organizing an augmented reality contest featuring ...
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News briefs
Some footwear factories closed in Putian due to Covid-19
Some shoe factories have been temporarily closed in China’s footwear cluster of Putian, in the Fujian province, because of an outbreak of Covid-19, according to Footwearbiz.com. According to Business of Fashion, some of Putian’s cases could be traced back to employees of a shoe factory, of which there are believed ...
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News briefs
Wildberries workers hold a go-slow
Some members of the staff of the Russian online retailer Wildberries have announced a go-slow against wage cuts. In a petition which reached nearly 2,500 signatories, the employees announced the start of the protest in several Russian regions. In a statement, the workers said that they work the minimum required ...
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News briefs
Asos aims to be fully carbon neutral by 2030
The British online fashion retailer Asos aims to be carbon neutral in its direct operations by 2025 and achieve “net zero” across its value chain by 2030. The company also plans to shift towards more circular systems, ensuring 100 percent of own-brand products and packaging are made from more sustainable ...
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News briefs
On runs to New York Stock Exchange to go public
A hundred runners, along with the founders of On, David Allemann, Caspar Coppetti and Oliver Bernhard, and co-CEOs Martin Hoffmann and Marc Maurer ran alongside the Hudson River and over to Wall Street on the morning of Sept. 15 to ring the opening bell on the New York Stock Exchange. ...
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News briefs
Courir buys Naked Copenhagen
Courir, the international French-based athletic footwear chain sold by Groupe Go Sport to Equistone Partners Europe at the end of 2018, is taking over Naked Copenhagen, an international online and offline retailer specializing in top-tier releases of sneakers and streetwear for young women. The price of the transaction has not ...
