Latest News Briefs – Page 164
-
News briefs
UNIC webinar on May 5 to discuss tannery reopening guidelines
UNIC-Lineapelle will be holding a webinar on May 5, from 16:00 to 17:00, to present the ”Protocol on the Reopening of Tanneries in Italy.” The Italian tanners’ association reached an agreement on the guidelines with the trade unions on April 21, in view of the resumption of manufacturing at the ...
-
News briefs
Ferragamo launches new website
Salvatore Ferragamo has launched a new e-commerce site, that includes editorial content about the Florence-based firm and its collections. The company said that in the light of the Covid-19 pandemic and subsequent lockdowns, the digital world is proving invaluable to reduce distance that would otherwise be unbridgeable. In February, the ...
-
News briefs
India extends lockdown for 2 weeks from May 4
The Indian government is extending a nationwide lockown for two weeks from May 4. The lockdown was scheduled to end on May 3 and will now run until May 17. The Ministry of Home Affairs however indicated that there would be significant relaxations in low risk parts of the country, ...
-
News briefs
Sabu launches campaign for the reopening of stores
Sabu, the German shoe retailers’ cooperative, has launched a marketing campaign for the reopening of its members’ stores. Together with a local advertising company, BSS Brand Communication, Sabu has started an online and offline campaign. The slogan of the campaign, ”Live here. Buy here - Your specialist shoe retailer,” can ...
-
News briefs
The Italian fashion industry lacks a single representative body to discuss with the government
The Italian fashion industry lacks a single business organization giving it more clout to discuss with the government, as the metalworkers do, according to Prada’s chief executive, Patrizio Bertelli. He noted that the metalworking industry has a smaller workforce than in the fashion one but it historically gets more attention ...
-
News briefs
German retailers suggest “Corona checks” of €500 per adult
HDE, the German retail federation, suggested so-called ”Corona checks” of €500 per person in order to boost local purchasing power and the domestic economy. According to HDE, €500 per inhabitant would lead to a surge in demand of up to €40 billion and would have a ripple effect on the ...
-
News briefs
Deckers sues Steve Madden over Fuzz sandals
Deckers Brands – the parent company of Ugg, Sanuk, Teva, Hoka One One and Koolaburra – filed a lawsuit in a California federal court against Steven Madden for allegedly acting in “bad faith” to manufacture and sell its own alleged imitation of Ugg’s best-selling Fluff Yeah furry sandal-slipper. Deckers accuses ...
-
News briefs
Lloyd uses social media to present new collection
Lloyd, the German-based shoe company, has decided to present its new collection to its clients in a different way. In a time when social contacts are limited and various trade shows have been cancelled, it has used the livestreams of social media channels like Facebook or Instagram to present it ...
-
News briefs
France to reopen stores on May 11
The French prime minister Edouard Philippe said yesterday that all stores will reopen on May 11 after the country introduced a nationwide lockdown to combat the Covid-19 pandemic. Prefects will however have the right to keep closed shopping centers over 40,000 square meters in the administration areas they oversee. The ...
-
News briefs
Hassia and Ganter improve payment terms for retailers
The brands Hassia and Ganter, owned by the Austrian-based Lorenz Shoe Group, aim to support retailers during the coronavirus crisis. When stores had to close down, Hassia and Ganter stopped deliveries immediately and improved the payment terms for retailers for all outstanding 2020 spring/summer invoices. The Lorenz Shoe Group also ...
-
News briefs
Schuhe24 launches kit for retailers that reopen their stores
From April 20, stores of up to 800 square meters were allowed to reopen in most German states. Schuhe24, a German-based online marketplace for independent shoe retailers, is supporting its affiliates with a starter kit. First of all, retailers will receive face masks free of charge. The German online marketplace ...
-
News briefs
Farfetch launches $350 mln convertible note
Farfetch has announced the issuance of $350 million in convertible senior note due on May 1, 2027. The offering is scheduled to close on April 30. The securities will bear an annual interest rate of 3.75 percent and coupons will be paid twice a year on May 1 and Nov.1. ...
-
News briefs
European, American footwear companies join international industry call for government action
The European Footwear Confederation (CEC) and the American Apparel & Footwear Association (AAFA), along with 64 other industry groups worldwide, urged governments and international financial institutions to implement coordinated efforts to address the economic crisis caused by the Covid-19 pandemic. The trade associations represent the textile, apparel, footwear, travel goods, ...
-
News briefs
Steffen Liebich acquires the Schuhkay retail chain
Steffen Liebich has acquired Schuhkay, a Hamburg-based shoe retailer that is also known as Schuhkay 1882, via its Goal investment company. Schuhkay has currently 30 stores, most of them are located in northern Germany. In the course of the takeover, Thomas and Joachim Kay, who are the fifth generation of ...
-
News briefs
CCC plans to sell Vögele Shoes
CCC, the Polish-based retail giant, plans to sell Vögele Shoes, the Swiss shoe retail chain, or to restructure the company. CCC acquired a 70 percent stake in the company in 2018. Vögele Shoes has 170 stores in Switzerland. CCC is currently looking for a new investor for Vögele Shoes. ...
-
News briefs
Jimmy Choo owner Capri aims for carbon neutrality
Capri Holdings, owner of Jimmy Choo, Michael Kors and Versace, announced targets to be 100% carbon neutral in its direct operations and to source 100% of its energy for its owned and operated facilities from renewable sources by 2025. Unveiling its first group-wide corporate sustainability strategy, Capri also set 2025 ...
-
News briefs
Burberry labels sustainability achievements
Burberry is rolling out new labeling globally to show how products meet sustainability criteria. The new, pistachio-colored labels provide information on how products meet so-called “positive attributes,” including the amount of recycled nature fibers in materials, delivery against carbon emissions standards and social policies such as paying workers a living ...
-
News briefs
Prada scraps dividend payment
Like many other companies, Prada has decided to drop its full-year dividend to retain financial resources in the light of the crisis caused by the Covid-19 pandemic. It said that the decision will give it access to ”further resources to rapidly go back to its previous activity levels in the ...
-
News briefs
New Balance settles lawsuit against Nautica
The trademark-infringement lawsuit that New Balance filed in Massachusetts in August 2019 against Authentic Brands Group over use of the letter “N” on footwear and apparel by the brand Nautica has been settled. All claims against Nautica have been dismissed without prejudice, and each party will be covering its own ...
-
News briefs
Belgium postpones its summer sales
Belgium is postponing the start of its summer sales by one month, to August 1, to cushion the blow of the Covid-19 pandemic. About 90 percent of the country’s fashion retailers signed an open letter to the government requesting postponement to generate full-price revenues from their unsold stock. Shoe and ...
