Latest News Briefs – Page 156
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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 ...
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News briefs
Camper accelerates product development thanks to new PLM solution
Camper said that thanks to the implementation of a new Product Lifecycle Management (PLM) solution, provided by Centric Software, it has managed to reduce product development time, centralize all product data and boost quality control. The Spanish footwear company has explained that it previously struggled with outdated software, not designed ...
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News briefs
Martin Krist, former head of Esprit’s shoe division, dies at 55
Martin Krist, former head of Esprit’s shoe division and an innovative leader in the shoe industry, died unexpectedly in June at the age of 55. Krist was with Esprit for over 17 years, from July 1998 until the beginning of 2016, shaping the fashion manufacturer’s shoe business strategy for many ...
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News briefs
Birkenstock to sell footwear designed by Central Saint Martins’ students
From February, Birkenstock will sell in selected stores worldwide and on the site 1774.com footwear designed by four students of Central Saint Martins. The German company started working with the London-based college in 2018 when it commissioned the BA Fashion History & Theory course to work on its archive. In ...
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News briefs
Drapers to hold footwear awards online on Aug. 6
Drapers is holding a series on high-profile events online as a consequence of the Covid-19 pandemic. On Aug. 6, the business-to-business fashion retail magazine and website will hold its Drapers Footwear Awards. On Sept. 30 and Oct.1, it has programmed the Drapers Digital Festival that will include debates on the ...
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News briefsHermès’ purchase of J3L cleared by the French antitrust agency
The French antitrust agency, Autorité de la concurrence, has authorized, without conditions, Hermès’ plans to take full control of J3L, that it currently jointly controls, on the grounds that the transaction does not hinder competition. J3L produces high-end metal parts for luxury companies, especially for handbags, briefcases, wallets and shoes. ...
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News briefs
Schuh Schneider closes all its stores in Germany
The German shoe retailer Schuh Schneider GmbH from Reutlingen closed its eleven stores after filing for bankruptcy at the end of March. The decision to close the businesses stems from the lack of guarantees to ensure their continuation. According to press reports, the company’s boss Steffen Marsik was on track ...
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News briefs
Gallery Fashion, Gallery Shoes to be held Aug. 30 to Sept. 1
The fashion fair Gallery Fashion and the shoe fair Gallery Shoes is scheduled to take place from Aug. 30 to Sept. 1, 2020 in Düsseldorf. The emphasis will be on shoes, as about two thirds of the exhibitors will come from the footwear industry and the other third from the ...
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News briefs
Tacco Footcare is bankrupt again
Tacco Footcare, a German shoe-care producer that had been bought by the Polish firm Kaps in February 2019, is bankrupt again. Tacco Footcare filed for bankruptcy due to insolvency and over-indebtedness on April 8 and proceedings were opened on June 23 by the district court of Bielefeld, where the company ...
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News briefs
Lloyd stops production in Germany
Lloyd Shoes, the big German shoe manufacturer specializing in men’s footwear, expects a decline in sales of around 30 percent in the current financial year due to the coronavirus crisis. In response to a reduced demand for business shoes, the manufacturer will stop manufacturing at the Sulingen site in Germany, ...
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News briefs
Boohoo to review UK supply chain as retailers drop brand over pay, conditions scandal
Boohoo, the UK e-tailer and fast fashion brand, has commissioned an independent review of its domestic supply chain and promised to spend £10 million dealing with malpractice after major retailers, including Amazon, Next and Asos stopped stocking its clothes. The review comes as Boohoo deals with allegations of using suppliers ...
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News briefs
Iconic Parisian store Tati closes
GPG, the French retailer which operates under the Gifi banner, has decided to permanently close the iconic cut-price Tati store located in boulevard Barbès in Paris’s 18th arrondissement. The store suffered a 60 percent drop in sales between Oct. 1, 2019 and May 31, 2020 due to the Covid-19 pandemic ...
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News briefs
Leder & Schuh obtains aid from government, banks to relaunch its activity
Austria’s Leder & Schuh has obtained support from the government and a pool of banks to relaunch its activity in the wake of the Covid-19 pandemic. The company described the pandemic as the greatest challenge in its history. All 200 Leder & Schuh stores in nine countries (Austria, Germany and ...
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News briefs
Veja opens circular-economy test shop in Bordeaux
Veja has set up a 250-square-meter test shop devoted to repair and recycling. Called Veja X Darwin and located in the French city of Bordeaux, the shop carries prototypes that never went into production, sneakers with small manufacturing flaws and sneakers from old collections. A workshop will repair and clean ...
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News briefs
Stuart Weitzman exits Japan
Stuart Weitzman, the luxury footwear brand that is part of the Tapestry group, will close all of its three directly operated stores in Japan before the end of August. The American brand, which opened its first Japanese shop in 2018 at Isetan’s department store in Tokyo, does not have any ...
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News briefsCrocs opens new headquarters in Colorado
On June 24, Crocs, opened its new corporate headquarters in Broomfield, Colorado, less than 20 miles from downtown Denver. In addition to the nearly 375 current positions, the some 90,000 square foot facility located in the Atria campus will allow the company to “significantly” expand to hire more full-time employees. ...
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News briefs
Shoe Zone appoints Peter Foot finance director
Shoe Zone has appointed Peter Foot as finance director, with effect from July 6. He will replace Jonathan Fearn, who held the job for over four years and whose resignation has been accepted with effect from July 31. Foot is due to become a board member of the British ...
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News briefs
Spanish government to guarantee €40 billion for digitalization, environment
The Spanish government is guaranteeing €40 billion in new credit lines to underpin corporate investments in digitalization and in green technologies. In March, the government had announced that it would guarantee €100 billion in loans to companies in financial difficulties due to the Covid-19 pandemic. The government is also creating ...
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News briefs
Breuninger to open fully renovated, 11,000-sqm Nuremberg branch in September
The upmarket German department store retailer Breuninger is preparing to open its fully redesigned 11,000 square-meter branch in Nuremberg, in the southern German state of Bavaria, featuring an expanded range of premium and luxury brands as well as two new gastronomic outlets. The re-opening of the department store, redesigned by ...
