Latest News Briefs – Page 2
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News briefs
P448 sets up a European joint venture with The Camp Brands
The Italian footwear label P448 has formed a joint venture with The Camp Brands, a Spanish firm specializing in the distribution of brands. The joint venture, called P448 Europa, will be managed by Javier Carera, the co-founder of The Camp Brands. It will expand P448’s distribution in Europe as well ...
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P.F. Flyers partners with Revolve.com
P.F. Flyers, an American lifestyle shoe brand, is partnering with the fashion retailer Revolve in what it qualified as a “significant step” in its expansion beyond direct-to-consumer into wholesale distribution. With the partnership, P.F. Flyers’ Desert Adventure collection is sold exclusively on revolve.com since April 8. P.F. Flyers will also ...
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News briefs
Esprit’s Belgian unit files for bankruptcy
Esprit Holdings Limited, the fashion group incorporated in Bermuda and listed in Hong Kong, said that its Belgium unit Esprit Belgie Retail (BEBR) filed for insolvency on April 8 due to high costs and negative consumer sentiment. In a statement, Esprit said that it “is now focusing on a comprehensive ...
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News briefs
Euratex announces initiative to promote upskilling in the textiles, clothing, leather and footwear industry
The European Apparel and Textile Confederation (Euratex) is launching a new project to promote upskilling and reskilling in the textiles, clothing, leather and footwear (TCLF) industry. The new “TCLF Skillbridge” initiative, supported by the European Commission’s department for growth (DG GROW), will focus on establishing regional skills partnerships. In the ...
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News briefs
Taft launches a women’s collection
The New York-based men’s footwear brand Taft has launched its first women’s collection called Taft for Her. “Expanding Taft into a women’s collection has always been something on our radar,” said Jordan Hancock, the company’s director of design and development, in a statement. “For years there have been numerous ...
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News briefs
Kuru Footwer releases its 2024 Foot Pain Trends Report
Kuru Footwear has issued its 2024 Foot Pain Trends Report which examines the latest findings surrounding foot pain in America. The Salt Lake City footwear company carried out a survey of over 3,000 American adults that showed that eight in 10 Americans experience foot pain, with nearly half of those ...
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Vietnam’s February footwear exports down 40.3% vs January
Vietnam’s footwear exports totaled $1.17 billion in February, down by 40.3 percent compared with January. In the first two months of the year, the country’s footwear exports reached $3.1 billion, according to the General Statistics Office. In the two-month period, exports to the US rose by 25 percent year-over-year to ...
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News briefs
Decathlon’s sales rise slightly in 2023
Decathlon increased sales by 1.15 percent in 2023 to €15.6 billion, adjusted for unfavourable exchange rates and the impact of the closure of its commercial activities in Russia. At constant exchange rates, the top line rose by 4.4 percent, according to the French sporting goods retailer. The net profit rose ...
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News briefs
Kering to buy a building in Milan for €1.3bn
Kering has acquired a historic building in Milan for about €1.3 billion from a subsidiary of Blackstone Property Partners Europe. Located via Monte Napoleone 8, on the “most prominent corner of the city’s Quadrilatero della Moda”, the 18th century building comprises five floors, totaling a gross area of 11,800 square ...
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News briefs
ANWR Schuh’s managing director steps down
Yvonne Breinlinger-Scheuring, the co-managing director of ANWR Schuh, the footwear business of the German buying group ANWR, stepped down at her own request on March 31. She had been in the role since Oct.1, 2023. Breinlinger-Scheuring previously worked for the shoe manufacturer Solidus for 12 years, including seven years ...
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News briefs
Keen and Namuk collaborate in kids’ sandals
Oregon-based footwear brand Keen announced its collaboration for the limited edition Seacamp sandal with the Swiss sustainable outdoor apparel brand Namuk. This latest limited-edition collaboration is in line with Keen’s commitment to promoting access to nature and inspiring the next generation of conservationists. One percent of each sale will go ...
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News briefs
ABG appoints a manager for Australia and New Zealand
Authentic Brands Group (ABG) announced the appointment of Lim Mi-Kyoung as senior vice president, head of Australia and New Zealand. In her new role, Mi-Kyoung will oversee ABG’s regional expansion, focusing on brand development and driving long-term growth. As ABG’s first employee based in Australia, she will build a team ...
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News briefs
Dr. Martens launches a collection with reclaimed leather
On March 26, Dr. Martens launched the Genix Nappa collection made from reclaimed leather provided by Gen Phoenix. “The collection aims to tackle waste by rescuing leather offcuts that would otherwise be destined for landfill and uses them to create a soft yet durable new material,” the British bootmaker said. ...
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News briefs
Chiara Ferragni dropped from Tod’s’ board
Tod’s is not reproposing Chiara Ferragni as a board director. The Italian entrepreneur, fashion influencer and blogger joined the board of the Italian luxury goods company in 2021 with the objective of helping Tod’s better approach young consumers. At the time, the news of her appointment boosted Tod’s’ share price ...
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News briefs
Barefoot shoes manufacturer Leguano grows in 2023
The German barefoot footwear specialist Leguano reported positive results for 2023, with sales increasing by 22 percent from the previous year to €53.85 million. The company said in a statement that “this strong growth highlights the successful implementation of our corporate strategy and the high demand for Leguano’s high-quality ...
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News briefs
New head at Marco Tozzi
Christian Böhm is the new managing partner at the Wortmann Group’s subsidiary Marco Tozzi Shoes GmbH & Co. KG starting from June 1. Böhm, 42, will take the helm from Carsten Humke, who has been working for the Wortmann Group for 39 years and has been managing partner at Marco ...
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News briefs
Craft Sportswear uses Vittoria tire technology for running shoes
The Swedish brand Craft Sportswear and the Italian bicycle tire firm Vittoria have teamed up to create the Craft Xplor, a running shoe that utilizes Vittoria gravel cycling technology. The Craft Xplor, inspired by the versatility of gravel bikes, is meant to provide the same hybrid capabilities, feeling like a ...
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News briefs
Visa and Mastercard to cut fees for US merchants
Visa and Mastercard will reduce their fees following an antitrust class action settlement with US merchants, according to a statement released by the law firm Hilliard Shadowen LLP. The settlement is expected to generate at least $29.79 billion in savings for US merchants in the five years following approval of ...
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News briefs
Alibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer to minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per ...
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News briefs
OTB takes over Calzaturificio Stephen
OTB, the Italian fashion group that owns the brands Diesel, Jil Sander, Maison Margiela, Marni and Viktor&Rolf, has bought a majority stake, through its unit Staff International, in the shoemaker Calzaturificio Stephen. No financial details have been disclosed. Founded in 1967 by Francesco Bertollo, Calzaturificio Stephen specializes in luxury women’s ...
