Latest News Briefs – Page 206
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News briefs
Moody's lowered its rating for Caleres' liquidity because of the...
Moody's lowered its rating for Caleres' liquidity because of the American shoe retailer's acquisition of Vionic for $360 million (see our previous issue) reduced the availability of cash under its $600 million asset-backed revolving credit. On the other hand, the rating agency felt that Caleres should be able to meet ...
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Crocs has agreed to repurchase the preferred convertible shares of...
Crocs has agreed to repurchase the preferred convertible shares of Blackstone Capital Partners, which had acquired them in 2014 as part of a $200 million investment in the company. Crocs will buy back half of the preferred shares at $26.64 each for a total of $183.7 million. The other half ...
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News briefs
G. Scott Uzzell is leaving the Coca-Cola Company to become...
G. Scott Uzzell is leaving the Coca-Cola Company to become the new president and chief executive of Converse from Jan. 22, replacing the retiring David Grasso. The Nike group, which owns Converse, said that his nomination is expected to help the brand to move into new spaces by reconnecting to ...
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Bernd Hummel, the longtime licensee of Pentland Group for the Kangaroos...
Bernd Hummel, the longtime licensee of Pentland Group for the Kangaroos brand, based in Germany, appointed Adrian Bejan for the newly created position of senior global sales manager at the beginning of December. Bernd Hummel created the position in order to develop international sales for its sneaker brand. The company has ...
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News briefs
Alfred Pusswald has recently left Vögele Shoes, where he worked...
Alfred Pusswald has recently left Vögele Shoes, where he worked as head of purchasing for about one year. Vögele Shoes belongs to Karl Vögele and operates about 260 shoe shops in Switzerland. According to Vögele Shoes, Pusswald had a different opinion on the alignment of the company's product line and ...
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News briefs
Michael Weyergans will be a member of Hassia's executive board...
Michael Weyergans will be a member of Hassia's executive board from the beginning of next year. He will be responsible for product management and sales. Until February, Weyergans was working at the Gabor Footwear company, where he was most recently responsible for the planning and development of the Camel Active footwear ...
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News briefs
Thomas Nassua, chief executive and sales director of Shoes.com, licensee...
Thomas Nassua, chief executive and sales director of Shoes.com, licensee of the s.Oliver shoe brand and subsidiary of the Wortmann group, will be leaving the company next year. Nassua has been chief executive for the past 13 years. Heiko Hüdepohl will be assuming his position in June 2019. Hüdepohl previously ...
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News briefs
Munich, the sports and lifestyle shoe brand based in Barcelona,...
Munich, the sports and lifestyle shoe brand based in Barcelona, has made Xavier Artigas its new export sales manager. Artigas has previously worked, in both retail and wholesale, for the jewelers Majorica and Carrera y Carrera, the shoemaker Castañer and the watchmaker Grupo Cadarso/Ice-Watch, mostly as a director of national ...
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News briefs
Chi Lo-Jen is being promoted to be the new chief...
Chi Lo-Jen is being promoted to be the new chief executive of Stella International on Jan. 1, taking the place of Lawrence Chen who will continue as an executive director and a member of the executive committee of the Chinese shoe company. Chi has 23 years of experience in the ...
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News briefs
Chris Pawlus is the new vice president of product design...
Chris Pawlus is the new vice president of product design and innovation at Keen, the Portland-based maker of outdoor shoes. He will oversee the Outdoor, Lifestyle and Kids departments. Pawlus joins Keen from Timberland, where he spent 21 years, most recently as creative director and vice president of global product ...
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News briefs
Schuhe24 is entering the Swiss market. The online shoe retail...
Schuhe24 is entering the Swiss market. The online shoe retail portal that was created four years ago by Dominik Benner, a German shoe retailer and former member of ANWR's supervisory board, has signed a cooperation agreement with Digitec Galaxus, the leading online retailer from Switzerland. According to Digitec Galaxus, it ...
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News briefs
Starting on Dec. 11, Zalando has been giving its German...
Starting on Dec. 11, Zalando has been giving its German customers the option to pay for the products they order on their iPhones with Apple Pay. It has also begun to test a “Smart Doorbell” and “Smart Doorlock” technology with the Belgian Post Office. The technology allows customers to open ...
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News briefs
Liebeskind, the German brand of clothing, handbags, shoes and other...
Liebeskind, the German brand of clothing, handbags, shoes and other accessories, opened its first shop-in-shop for its Copenhagen shoe label in Antwerp at the beginning of December. The so-called “Your Premium Store” presents the shoe collections of Liebeskind's Copenhagen label over 15 square meters. An additional five to ten shop-in-shops ...
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News briefs
Rolf Schäfer, a local entrepreneur specializing in sheepskin trading, has...
Rolf Schäfer, a local entrepreneur specializing in sheepskin trading, has obtained the authorization of Pirmasens' city council to set up a “Schuhstadt Pirmasens” (Pirmasens Shoe City) in the center of the German town, where many shoe companies are based. The €12 million project involves the construction of a new shopping ...
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News briefs
El Corte Inglés has entered a wide-ranging cooperation with the...
El Corte Inglés has entered a wide-ranging cooperation with the Alibaba Group, covering cloud computing, trading, logistics and smart payments. The Spanish department store chain, which is a major player in the domestic sporting goods market, will have access to Alibaba's software solutions for large data analysis and customer relationship ...
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News briefs
Bianco Footwear has reported a sales decline for the eighth...
Bianco Footwear has reported a sales decline for the eighth year in a row. The Danish footwear retailer's sales fell by a further 25 million Danish kroner (€3.3m-$3.8m) in 2017, leading to a total decline of almost DKK 200 million over the eight-year period (€26.8m-$30.5m). In 2016, Anders Holch ...
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News briefs
The German shoe retail market declined by 7.09 percent in...
The German shoe retail market declined by 7.09 percent in 2018 through the first ten days of December, according to the data collected by the European Clearing Center from retailers who operate more than 4,700 stores. After peaking in April, the confidence index of German shoe retailers have been declining ...
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Norwegian shoe retailers saw their sales decline by 0.9 percent...
Norwegian shoe retailers saw their sales decline by 0.9 percent in the first nine months of 2018, according to official statistics. On the other hand, total imports of footwear into the country grew by 5.9 percent to 4.71 billion Norwegian kroner (€468.8m-$534.1m), with leather shoes down by 3.6 percent, canvas ...
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News briefs
The tax evasion inquiry involving Gucci, part of the Kering...
The tax evasion inquiry involving Gucci, part of the Kering luxury conglomerate, is reportedly leading to a formal request for a trial. According to reports by Reuters, which quote “a judicial source,” Milan prosecutors have wrapped up their investigation into alleged tax evasion of around €1 billion, paving the way ...
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News briefs
In its relentless pursuit of fake Ugg shoes, Deckers Brands...
In its relentless pursuit of fake Ugg shoes, Deckers Brands is asking U.S. judicial authorities to obtain control of the counterfeiters' internet domains from the registrars immediately after filing a suit and to freeze customers' payments before the case is decided. Additionally, Deckers is asked to be allowed to serve ...
