Latest News Briefs – Page 124
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News briefs
Ferragamo in fragrance agreement with Inter Parfums
Salvatore Ferragamo has granted an exclusive and worldwide license to Inter Parfums for the production and distribution of Ferragamo brand perfumes. The agreement will be effective from October 2021 and will last for an initial term of 10 years. ”In order to assure the highest level of coordination with Ferragamo ...
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Spanish consumers like shopping both online and in stores
According to the “Estudio E-Commerce 2021,” a study put out by IAB Spain and Elogia, the distinction between e-tail and physical retail has blurred this year in Spain to the point of indifference for 58 percent of the country’s consumers. This is an increase of six percentage points from last ...
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Crocs teams up with Gen.G and Minecraft for latest collection
Crocs has teamed up with Gen.G, the owner and operator of e-sports teams, to channel the release of its All Family Tie-Dye collection through a Minecraft build competition. On the dedicated Crocs World server, competitors receive a plot of “land” on which to create a structure to “showcase their personalities ...
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News briefs
Baden expects 2021 to be above pre-crisis levels
In 2021, the Russian footwear producer Baden expects to increase in sales by 15 to 17 percent compared to pre-Covid levels, according to its general director Vitaly Stepin. He noted that although the demand is recovering in Russia, customers are focusing on cheaper footwear. “Companies in above-average price segments are ...
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Wildberries to accept payment by instalments in Russia
The Russian online retailer Wildberries is expanding a new financial service enabling clients to pay by instalments. Interest-free instalments have so far been available only for some household appliances and electronics. But, Wildberries plans to expand the range of products that can be bought in instalments to 11 million items. ...
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Helmut Seidl appointed export manager at Gabor
A new export manager takes the helm at the German shoe manufacturer Gabor. Helmut Seidl, 49, took up the post on July 1, as Bernd Scharsig retired after holding the position for 39 years. Seidl was responsible for new markets at Gabor’s export department for 25 years, serving as Scharsig’s ...
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Grendene plans a distribution partnership with 3G Radar
Grendene signed a non-binding memorandum of understanding with 3G Radar to create a joint venture to distribute and sell the Brazilian shoemaker’s products in certain foreign markets. The two companies plan to sign a shareholder accord and a master distribution and franchise agreement (MFDA) within 90 days. Under the terms ...
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Heat wave spurs demand for light shoes in Russia
The demand for sandals and open-toe shoes skyrocketed in Russia during the past few weeks in the wake of an abnormal heat wave in the European part of the country, the Russian marketplace Lamoda reported. Sales of sandals jumped by 182 percent and grew by 164 percent for open-toes shoes ...
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News briefs
Global Brands Group delays release of annual results
Global Brands Group postponed publishing annual results for the financial year ended March 31, as its auditors sought more information about its ability to operate on a going concern basis before approving the financial statement. The company said it is now responding to questions from auditors “in particular in connection ...
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Kurt Geiger hires a chief merchant of luxury
The British luxury footwear and accessories retailer Kurt Geiger has hired Helen David as chief merchant of luxury. David was previously chief growth officer at the London-based fashion house Ralph & Russo. Prior to that she was chief merchant at the London luxury department store Harrods.
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News briefs
REV buys Ralph & Russo
Retail Ecommerce Ventures (REV) has made a successful bid to acquire the business and assets of Ralph & Russo, a British fashion house in administration. Paul Appleton, of Begbies Traynor Group, and Andrew Andronikou, of Quantuma Advisory, were acting as Ralph & Russo’s joint administrators and conducted the sales process ...
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Kenneth Cole in licensing deals with Eastman Footwear, Vida Shoes
The American fashion house Kenneth Cole has entered into licensing partnerships with Eastman Footwear Group and Vida Shoes International for men’s and women’s footwear. Beginning with spring 2022, Eastman will be responsible for the development, sourcing, production and sales of men’s shoes under the Kenneth Cole New York, Kenneth Cole ...
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News briefs
LVMH hires a diversity, inclusion officer
The French luxury goods group LVMH has appointed Vanessa Moungar as chief diversity and inclusion officer. She will report to the group’s executive vice president of human resources and synergies, Chantal Gaemperle. Moungar’s role will be to build a network of diversity and inclusion leaders in the group’s portfolio of ...
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News briefs
UniCredit to support Aeffe’s suppliers
The Italian bank UniCredit has agreed to support the suppliers of the Italian fashion house Aeffe, which owns the footwear brand Pollini. Aeffe has more than 800 suppliers, about 90 percent of which are Italian. Under the agreement, UniCredit Factoring will provide €7 million in credit facilities to Aeffe’s suppliers ...
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Adidas sues Thom Browne
Adidas has filed a formal lawsuit in a New York federal court for copyright infringement against Thom Browne, according to The Fashion Law, charging that the New York-based menswear designer is “selling athletic-style apparel and footwear featuring two, three or four parallel stripes in a manner that is confusingly similar ...
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Intersport sells The Athlete’s Foot
The board of Intersport International Corp. (IIC) had already decided one year ago to initiate a search for a new owner of The Athlete’s Foot (TAF), the sports lifestyle footwear banner that it acquired in 2012. The Swiss-based owner of the big Intersport brand has finally picked the Arklyz Group, ...
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Hoka One One strengthens its product team
Hoka One One has announced Evie Moe and Matt Rask as new senior members of its product team. Moe has been hired as the brand’s first senior director of apparel. Hoka’s apparel division was launched in March 2020, and it is growing rapidly. Most recently, Moe served as the vice-president ...
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Ferragamo CEO leaves with a €2m golden handshake
Micaela le Divelec Lemmi, Salvatore Ferragamo’s chief executive since 2018, will leave the company early September. The decison was made after the Italian fashion house hired Marco Gobbetti, currently chief executive of Burberry, as its general manager and CEO. He is scheduled to join Ferragamo as soon as he is ...
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H&M swings back to a profit
Hennes & Mauritz (H&M) booked a profit after financial items of SEK 2.204 billion (€226.2m-$257.3m) in the first half ended May 31 compared with a loss of SEK 3.978 billion (€391.3m-$464.5m) the previous year, while the net profit was SEK1.697 billion (€166.9m-$198.1m), up from a loss of SEK 3.063 ...
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Allyson Felix launches the brand Saysh
The American sprinter Allyson Felix has launched Saysh, a new lifestyle brand for women. Felix, who has just qualified for her fifth Olympics, is one of the most decorated U.S. athletes in history. The first product of her new company, the Saysh One sneaker, is available for pre-order on Saysh’s ...
