Latest News Briefs – Page 126
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News briefs
Italian shoe makers renew labor contract to end 2023
The Italian association of footwear manufacturers, Assocalzaturifici, and the unions Femca-Cisl, Filctem-Cgil and Uiltec-Uil signed a new labor contract, replacing the one that expired on Dec. 31, 2019. The new contract, which concerns about 80,000 workers and nearly 5,800 companies, will start retroactively from Jan. 1, 2020, and covers 48 ...
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News briefs
Shoe Carnival sees FY sales over $1.15bn
Shoe Carnival expects sales in the current fiscal year to be more than $1.15 billion and diluted net income per share to be in excess of $6.00 before a planned two-for-one stock split, or above $3.00 post-stock split. The forecast sales would surpass its previous sales record by over $100 ...
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News briefs
Solvay introduces its first bio-based polyamide
Solvay is launching globally Bio Amni, its first partially bio-based polyamide 5.6. Bio Amni is produced entirely at the company’s textile industrial unit in Brazil. Solvay’s research and innovation teams worked on creating the new textile yarn for two years, the company said. The launch of Bio Amni brings the ...
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News briefs
Nike launches sneaker range made from pineapple leaf fibers
Nike has teamed up with Piñatex on the “Happy Pineapple” pack, a collection of sneakers that use a pineapple-based material. The silhouettes featured in the new pack include the Nike Air Force 1, Free Run Trail, Air Max 95, Air Max 90 and Air Zoom-Type. All the five silhouettes are ...
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News briefs
EU opens antitrust probe into Google online advertising tech
The European Commission has opened a formal antitrust investigation to assess whether Google has violated European Union competition rules by favoring its own online display advertising technology services in the so-called “ad tech” supply chain, to the detriment of competing providers of advertising technology services, advertisers and online publishers. The ...
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News briefs
Debbie Ferrée confirmed as president of Camuto
Designer Brands has appointed its vice chairwoman Debbie Ferrée as president of Camuto Group, a role she has held on an interim basis since August 2020. She will continue with the task of integrating Camuto into Designer Brands. The American company has also named William “Bill” Jordan as president of ...
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News briefs
Yantian port backlog will take several weeks to clear
A backlog at Yantian, China’s largest container terminal, will take several weeks to clear, according to the Danish shipping company Maersk. Maersk, which is the largest shipping company in the world, told the news agency AFP that it had been informed by the port’s authorities that activity will return to ...
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News briefs
UBC hires an e-commerce expert from Lotto Sport
The Italian company United Brands Company (UBC) has hired Pierpaolo Guerra to manage its digital and e-commerce activities as part of its efforts to develop its omnichannel strategy. Guerra comes from Lotto Sport Italia where he was in charge of digital and omnichannel activites. Previously, he was a digital marketing ...
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News briefs
Portuguese footwear exports up 4.3% in first 4 months
Portuguese footwear exports rose by 4.3 percent to €497 million in the first four months of 2021. In April, exports surged by 121 percent compared with a year earlier, when trade was disrupted by the outbreak of the Covid-19 pandemic. A total of 22 million pairs of shoes were sold ...
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News briefs
Superfeet is taken over by a private equity
Superfeet, a leading American supplier of comfort insoles, said that the Seattle-based private equity firm Westward Partners has bought a majority stake in the company to support its growth. Superfeet was previously wholly-owned by its employees. No financial details were released. ”We recognize, and are excited about, the incredible growth ...
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News briefs
Chiara Ferragni takes full control of Tbs Crew
The Italian fashion blogger and influencer Chiara Ferragni has taken full control of Tbs Crew by buying the 45 percent stake owned by Esuriens, a company belonging to the Morgese and Barindelli families. No financials were released. Ferragni founded the company in 2009. It manages the blog The Blonde Salad ...
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News briefs
Aura Blockchain Consortium names a general secretary
Aura Blockchain Consortium has appointed Daniela Ott as general secretary. She will report directly to the consortium’s board of directors. Aura was created by LVMH, Prada and Cartier, a unit of the Swiss luxury goods group Richemont, to promote the use of a single global blockchain solution platform open to ...
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News briefs
Sports Direct opens an upgraded flagship store in London
As part of the chain’s “elevation strategy,” Sports Direct is reopening its flagship store on London’s Oxford Street, which it inaugurated in 2014, after a £10 million (€11.6m-$13.8m) refurbishment carried out in the last six months during the recent Covid-related retail lockdowns. Two other flagship stores are due to follow ...
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News briefs
Nike is the most resold brand
According to the British energy comparison website SaveOnEnergy, Nike is “by far” the most resold brand in the world. Based on the survey carried out from June 4 to 7, it found that the brand had a “staggering” 1,160,153 listings in total across the resale sites Depop, eBay, Asos Marketplace, ...
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News briefs
Hoka One One hires a global creative agency
Hoka One One has appointed FCB, a company based in San Francisco, as its first global creative agency of record, with a plan to launch its first global campaign in 2022. FCB, which stands for Foote, Cone & Bending, was elected by Adweek as Global Agency of the Year in ...
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News briefs
Birkenstock appoints a new managing director for Europe
Birkenstock has appointed Nico Bouyakhf as managing director for Europe replacing Michael Schmitz, who left the company for an unspecified destination. Bouyakhf will report to Oliver Reichert, who is now Birkenstock’s sole CEO after Markus Bensberg stepped down as co-CEO. Bouyakhf joins the company from Nike, where he was general ...
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News briefs
Asolo has a new distributor in Benelux
Asolo, the Italian outdoor footwear brand founded in 1975, will be represented in Belgium, the Netherlands and Luxembourg by Dutch agency Technolyt starting with the spring-summer 2022 season. Asolo said it chose this new collaboration and distribution through Technolyt “because we share the same values in the outdoor world”. ...
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News briefs
New international brand president for K-Swiss
K-Swiss has promoted Dave Grange to the position of international brand president, replacing Barney Waters who is leaving the company after 12 years to lead an unnamed brand of eyewear. Grange was most recently vice president of sales in charge of the Americas for K-Swiss and Palladium, which became the ...
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News briefs
Xtep issues bonds to relaunch K-Swiss and Palladium
Xtep International of China is selling two tranches of convertible bonds to entities controlled by Hillhouse Capital to finance an international relaunch of the K-Swiss and Palladium brands, which it took over from E-Land Footwear in 2019. Hillhouse, which is controlled by the Chinese billionaire Zhang Lei, knows the industry ...
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News briefs
U-Power plans IPO by end July
U-Power Group, an Italian company specialized in workwear and safety footwear, plans to list its shares on the main market of the Milan exchange in an initial public offering expected to take place by the end of July. Shares will be sold by Fin Reporter, the investment vehicle wholly owned ...
