Latest News Briefs – Page 20
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News briefs
Alohas opens a store in Milan
The Spanish footwear and clothing brand Alohas has opened a store in Milan, its first in Italy and second abroad after the opening of a store in Paris. The brand has stores in Barcelona and Madrid and announced plans to open “many more” stores worldwide.
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Orva hires a Chief Strategy Officer
Orva, a US e-commerce accelerator serving the footwear, apparel and broader consumer goods industries, appointed Solomon Hedaya as Chief Strategy Officer and Executive Vice President. ”In this role, Mr. Hedaya will lead Orva’s growth initiatives and strategic planning, overseeing mergers and acquisitions, business development, category expansion, and the cultivation ...
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Oofos names industry veteran Angel Martinez to its board
Oofos, a US brand of recovery footwear, said that it has appointed Angel Martinez to its board of directors. Martinez is the former Executive Vice President and Chief Marketing Officer of the Reebok portfolio of brands. As one of the Reebok Corporation’s founding employees, he was named President and ...
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Giuseppe Zanotti takes full control of his brand
Giuseppe Zanotti has bought back a 30 percent stake in his namesake brand from the investment fund L Catterton. The fund bought the stake in 2014, when it was called L Capital Management. No financial details were released. In statement, Giuseppe Zanotti thanked L Catterton for its support and collaboration ...
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German consumer confidence declines
In March, the German consumer climate is expected to fall by 2.1 points to -24.7 points compared to the previous month, according to a preliminary estimate by the GfK Consumer Climate powered by NIM, which is published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The February ...
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News briefs
Dassault Systèmes takes over Contentserv
Centric Software, a subsidiary of the French information technology group Dassault Systèmes has signed an agreement to acquire Contentserv, a provider of product information management and product experience management solutions, for an enterprise value of €220 million. Centric Software provides enterprise solutions to plan, design, develop, source, price and sell ...
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News briefs
Spartoo liquidates is brick-and-mortar unit
Spartoo, a French fashion online retailer, is liquidating TooStores R1, a subsidiary created in 2015 to manage physical stores. The decision involves the immediate closure of 22 points of sales, including 10 owned stores, with a total workforce of 54 employees. “Our request to open judicial liquidation proceedings concerning the ...
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News briefs
Igedo presents a new trade fair concept
The German trade fair organizer Igedo has unveiled a plan to consolidate the Fashn Rooms and Shoes Düsseldorf events under a unified banner, named Twodays. This new format, set to debut in the summer of 2025, caters to the need for a leading, cohesive trade fair that brings together fashion, ...
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Micam attracts 853 brands
Micam is hosting 853 brands at its 99th edition, running from Feb. 23 to 25, with 415 labels coming from Italy and 438 from abroad, to present their footwear collections for the 2025-2026 autumn/winter season. The event is being held at the Fieramilano Rho exhibition center at the outskirts of ...
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Shoedesign and Phenumb Copenhagen expand into DACH region
The Danish shoe brands Shoedesign Copenhagen and Phenumb Copenhagen are expanding into the DACH region, which comprises Germany, Austria and Switzerland, in collaboration with three sales agencies. The Berlin-based agency Seasons will oversee sales in Northern Germany, the Zurich-based agency Luca Aprile will be responsible for the Swiss market, and ...
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News briefs
French footwear sales up by 0.6% in January
In January, French footwear retail sales rose by a seasonally and working-day adjusted 0.6 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.1 percent month-on-month, after falling 0.6 percent in December. Sales volumes of manufactured goods were up by ...
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News briefs
Phoenix Kothari Footwear increases investment in India’s Tamil Nadu state
Phoenix Kothari Footwear, a joint venture between Chennai-based Kothari Industrial Corporation and Taiwan’s Evervan Group, will invest 5,000 crore rupee (€552m) to set up factories to produce non-leather footwear in Eraiyur and Karur in the southern state of Tamil Nadu, the Indian publication The Hindu BusinessLine reported. In the Indian ...
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News briefs
Alibaba’s quarterly revenues rise by 8%
Alibaba generated revenues of 280.154 billion yuan renminbi (€36.93bn) in its third quarter ended Dec. 31, up by 8 percent compared to the year earlier and above a FactSet analyst consensus of RMB 279.03 billion. Adjusted Ebita increased by 4 percent to RMB 54.853 billion (€7.22bn), mainly due to ...
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Prada reportedly in exclusive talks to buy Versace
Prada Group has set a four-week period of exclusive talks to reach an agreement to buy Versace from Capri Holdings, according to the Italian daily Il Sole 24 Ore. The Italian fashion house is being advised by Goldman Sachs and Citi, according to the newspaper. Capri bought the Italian fashion ...
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News briefs
Galaxy Universal buys Reebok’s US business and will oversee operations in Europe
Galaxy Universal, a US footwear and brand management group controlled by the private equity firm Gainline Capital Partners, has acquired Reebok’s global product creation, sourcing and footwear operations in the US. “As part of the US operations, Galaxy will lead Reebok’s US footwear wholesale, retail and e-commerce channels, further solidifying ...
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News briefs
Last Esprit stores in Germany close
The fashion brand Esprit has closed the last of its 56 stores in Germany, as planned. The insolvent brand’s remaining stores in the country were originally due to close by the end of November, but nearly 30 stayed open longer for the Christmas sales season. The former European headquarters in ...
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Kontoor Brands buys Helly Hansen for $900m
Kontoor Brands, a US lifestyle apparel company, has signed a definitive agreement to acquire Helly Hansen, an outdoor and workwear brand, from Canadian Tire Corporation for about $900 million. Kontoor expects Helly Hansen to generate more than $680 million of revenues and $80 million of adjusted Ebitda for fiscal 2025. ...
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Eytys finds new investors
Eytys, the Swedish footwear brand known for its chunky shoes that was declared bankrupt on Jan. 16, has been taken over. Niklas Emthén, the bankruptcy trustee, said that there was some bidding for the company and a deal has been finalized but did not disclose the name of the investors, ...
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News briefs
Hermès’ Q4 sales rise nearly 18%
Hermès generated sales of €3.962 billion in the fourth quarter of 2024, up by 17.7 percent on a reported basis and 17.6 percent at constant exchange rates. In the full year, revenues amounted to €15.170 billion, up by 13.0 percent on a reported basis and 14.7 percent at constant ...
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News briefs
BasicNet reports record revenue growth for 2024
BasicNet, the Italian parent company of K-Way, Kappa, Robe di Kappa, Superga and Sebago, reported record consolidated revenues of €409.2 million for 2024, a 3.1 percent increase from €396.8 million in 2023. The group also posted an all-time high Ebitda of €61.1 million, reflecting a 5.1 percent year-over-year growth. ...
