Latest News Briefs – Page 155
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News briefs
Ferragamo obtains €250 million financing for ESG objectives
Salvatore Ferragamo has reached a €250 million financing agreement with the leading Italian bank Intesa Sanpaolo to fund environmental, social and governance (ESG) objectives as well as general cash flow needs. The financing is composed of a €125 million term loan credit line expiring in 2025 and a €125 million ...
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Luis Onofre re-elected president of Apiccaps
Luis Onofre was re-elected for three years as president of Apiccaps, the Portuguese association grouping manufacturers of footwear, components and leathergoods. Onofre said that at a time when Europe is discussing its reindustrialization it is important that Portugal creates the conditions to ”definitively assert itself as a leader in the ...
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News briefs
Iconix to review alternatives including a sale or merger
Iconix Brand Group, an American manufacturer and retailer of apparel and footwear, is studying “strategic alternatives” to enhance shareholder value, including a potential sale of the company or a merger with another party. The board has authorized management and its external advisors to consider a “broader range of strategic alternatives, ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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News briefs
EU sees trade deal with U.K. as unlikely
Michel Barnier, the European Union’s chief negotiator for Brexit, said he views the possibility of reaching an agreement by the end of the year with the U.K. on the parties’ future trade relations as unlikely, following a new round of inconclusive talks in London. Barnier said there had been little ...
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News briefs
Yoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont, is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the new agreement, which will ...
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News briefs
Bangladesh’s leather footwear exports fall by 21.2% in 2019/2020
Bangladesh’s exports of leather footwear declined by 21.2 percent in the fiscal year ended in June 2020 to $478.75 million. While, exports of other footwear rose by 2.1 percent to $277.13 million. Total exports of Bangladesh’s leather industry declined by 21.8 percent to $797.6 million during the period. Footwear represented ...
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News briefs
Vietnam footwear exports down by 6.7 percent in H1
Vietnam’s footwear exports fell by 6.7 percent to $8.1 billion in the first half of 2020, according to the ministry of industry and trade. The decline was due to a fall in exports in May and June in the wake of disruption caused by the Covid-19 pandemic. In the first ...
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News briefs
Cole Haan collaborates again with Jeff Staple
Cole Haan, the American footwear and accessories brand and retailer, is releasing the fruit of a second collaboration with Jeff Staple, the streetwear designer who founded both Staple and Staple Design in New York City. The limited-edition Cole Haan x Staple ØriginalGrand Ultra Collection is a streetwear take on the ...
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News briefs
Dr. Martens opens a store In Nuremberg
Dr. Martens has opened a store in Nuremberg, with a sales area of 72 square meters. It is the brand’s first store in Bavaria and the seventh in Germany. The store is located in the historical center of the town, between the White Tower and Pfannenschmiedgasse.
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News briefs
Global bankruptcies may rise by 35% over 2 yrs
Global corporate bankruptcies are expected to rise by 35 percent in 2021 compared with 2019 because of the Covid-19 pandemic, representing an average annual compound growth of 16 percent in 2020 and 2021, an annual average similar to the one seen during the 2007-2009 crisis, according to a study from ...
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News briefs
Italian footwear, clothing consumption decline eases
Italian footwear and clothing continued to suffer from falling consumption in June although the rate of decline eased compared to the previous two months, according to the monthly consumption indicator from Confcommercio, the Italian retail trade association. The indicator for footwear and clothing fell by 14.4 percent in June compared ...
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News briefsSperry names Sean McDowell VP in charge of design and product development
Sperry, a division of Wolverine Worldwide, has appointed Sean McDowell as vice president of design and product development. He will report to Joelle Grunberg, global brand president of Sperry and a member of Wolverine Worldwide’s executive leadership team . McDowell has worked for three decades in the footwear industry, of ...
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News briefsPrada appoints Christopher Bugg group communications director
Prada has appointed Christopher Bugg as communications director for the group and will report to Lorenzo Bertelli, the Italian fashion group’s head of marketing. Bugg joined the group in January 2020 as Prada’s marketing and communication director for Asia. Previously, he was the global digital communications director at Louis Vuitton ...
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News briefs
UK e-tailer Shoeaholics opens six stores
Shoeaholics, the discount footwear and accessories e-commerce site owned by the British upmarket footwear retailer Kurt Geiger, is opening its first six pop-up stores in the U.K, including one on London’s Oxford Street. The site enjoyed a surge in revenues during the coronavirus-related lockdown and wants to build on the ...
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News briefs
Oliver Sweeney closes its stores
The British footwear company Oliver Sweeney has permanently closed its five stores as its retail business, Oliver Sweeney Trading, went into administration, a local procedure for creditor protection. Three stores were located in London, one in Leeds and one in Manchester. The company’s online and wholesale businesses are not involed ...
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News briefs
Daniel Footwear buys Johnsons Shoe Company
Newjohn Limited, a unit of the retailer Daniel Footwear, has bought Johnsons Shoe Company, a British family-run retailer, which fell victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors, on April 23. Johnsons Shoe Company has been trading since 1952. Johnsons ...
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News briefs
Falc buys Candice Cooper
The Italian footwear group Falc has bought Candice Cooper, a brand of luxury sneakers manufactured in Italy, from Swiss-based Candice Cooper AG. Despite the takeover, the autumn/winter collection will continue to be distributed by the former owner. Falc will manage the spring/summer 2021 collection, which will offer a larger women’s ...
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News briefs
Mulberry ends footwear, ready-to-wear collections
The British luxury goods brand Mulberry has decided to end its footwear and ready-to-wear collections, produced under license by Onward Luxury Group (OLG) since 2015, to focus on leathergoods, which represent about 90 percent of its revenues. OLG is the Milan-based branch of the Japanese company Onward Holdings. Mulberry is ...
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News briefs
Armani ready to ride out pandemic after 2019 revenue growth
Italian fashion house Giorgio Armani says it is in a strong position to ride out the Covid-19 pandemic, after reporting a return to revenue growth in 2019, a year earlier than anticipated. The company, whose brand logo can be found on everything from jeans, to shoes, eyeglasses and household furnishings ...
