Latest News Briefs – Page 226
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News briefs
B.A.G., the Italian company that owns the NeroGiardini brand, posted...
B.A.G., the Italian company that owns the NeroGiardini brand, posted a 4 percent decline in sales to €200 million in 2017, blaming the weakness of the Italian market, which represents about 75 percent of its revenues. Exports rose by 20 percent. They were driven by France, Germany, Austria and Belgium, ...
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News briefs
China's central government has set a target of 6.5 percent...
China's central government has set a target of 6.5 percent growth for its Gross Domestic Product for 2018, the same that it had set for last year, but with a higher quality level. In reality, China's economic growth went beyond the government's expectations in 2017 with an estimated rise of ...
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News briefs
The newest protectionist measures planned by the U.S. government are...
The newest protectionist measures planned by the U.S. government are triggering complaints on many fronts. Members of Footwear Distributors & Retailers of America are particularly worried about a proposed increase in duties on shoes and other consumer goods imported from China, in response to investigations into the violation of intellectual ...
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News briefs
Salvatore Ferragamo has been handed a default judgment by a...
Salvatore Ferragamo has been handed a default judgment by a New York court in a counterfeit and trademark infringement lawsuit it filed last year against the 60 unidentified holders of dozens of counterfeit-selling websites, after none of the defendants responded to the lawsuit or appeared in court. The court has ...
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News briefs
Crocs cannot protect its namesake clog design in the European...
Crocs cannot protect its namesake clog design in the European Union. This is what the General Court of the European Union stated in a ruling on March 14. The EU court said that other shoemakers had seen the design of Crocs' clogs long before the company filed for registration, specifically ...
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News briefs
A group of investigative journalists led by Mediapart has discovered...
A group of investigative journalists led by Mediapart has discovered a scheme under which Kering may have evaded taxes totalling €2.5 billion since 2002. The bulk of the amount is said to be owed to Italian tax authorities, which started an investigation last November, including €1.4 billion for Gucci and ...
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News briefs
Wolverine Worldwide has become the target of at least 90...
Wolverine Worldwide has become the target of at least 90 individual lawsuits alleging that its now closed tannery in Kent County, Michigan, polluted drinking water with toxic chemicals used by 3M to waterproof its leather, starting with its Hush Puppies shoes in 1958. About 20 sites are said to have ...
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News briefs
Myanmar has increased by 33 percent the minimum wage for...
Myanmar has increased by 33 percent the minimum wage for workers in the garment industry, which will be of MMK 4,800 (€2.9-$3.6) per day, or MMK 600 (€0.36-$0.44) per hour. The current basic daily salary is MMK 3,600 (€2.7-$3.3), a rate which was established in September 2012. The raise will ...
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News briefs
HS Footwear, a subsidiary of Hamm Market Solutions, has signed...
HS Footwear, a subsidiary of Hamm Market Solutions, has signed a long-term licensing contract for the development, production and worldwide distribution of footwear under the Scotch & Soda brand name. Sales to retailers will begin in June 2018 with product in-store from early 2019.
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News briefs
Furla has announced the launch of its first sneaker. The...
Furla has announced the launch of its first sneaker. The new footwear of the Tuscan label is linear and lace-free. The sneaker features chewing gum colors and chunky ergonomic heels. The brand name can be seen on an upper ankle stripe.
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News briefs
Allbirds, the Silicon Valley start-up best known for its wool...
Allbirds, the Silicon Valley start-up best known for its wool sneakers, is expanding its offering with a new shoe collection made from eucalyptus trees. The shoes are crafted from a textile that the company engineered using the pulp of eucalyptus tree. The pulp is taken from the wood and spun ...
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News briefs
Arezzo&Co has announced the launch of Owme, the sixth brand...
Arezzo&Co has announced the launch of Owme, the sixth brand in its portfolio. The name of the new brand comes from the fusion of “own” and “me,” which together are supposed to express the “owning herself” attitude, the company explains. The key concept of the brand is wellness, with the ...
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News briefs
Huntsman Corp. has announced the development of a new family...
Huntsman Corp. has announced the development of a new family of TPU (thermoplastic polyurethane) materials that are expected to help footwear makers improve productivity for parts made by injection molding. According to Huntsman, the new Avalon AB DI range offers significant de-mould improvements when compared to conventional injection moulding materials. ...
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News briefs
Mizuno is moving into the lifestyle segment with a sneaker...
Mizuno is moving into the lifestyle segment with a sneaker version of its Wave Rider running shoe, first launched in 1998. Called Wave Rider 1, the new sneaker will be the first product in a new Sports Style category for the Japanese brand. It is being introduced selectively at retail ...
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News briefs
Converse opened a hotel-inspired pop-up in a five-floor building in...
Converse opened a hotel-inspired pop-up in a five-floor building in London, in the heart of Shoreditch, on Feb. 16-17. The project, hosted at 155 New North Rd, Hoxton, celebrated in particular the brand's One Star trainers. The two-day “Converse One Star Hotel” featured exclusive One Star products from the spring ...
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News briefs
Xsensible's Stretchwalker model earned the “Gouden Schoen” prize for the...
Xsensible's Stretchwalker model earned the “Gouden Schoen” prize for the second time in a row from the ANWR-Garant buying group. Recognition for the Dutch company's balance-point sole suggests that stylish wellness shoes are gaining traction with consumers and retailers.
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News briefs
Birkenstock was christened “Brand of the Year” and awarded the...
Birkenstock was christened “Brand of the Year” and awarded the “Excellence in Design” prize for sandals for the second year in a row in the 19th annual Plus Awards, organized by the American industry magazine Footwear Plus.
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News briefs
Skechers was honored as Ladies Brand of the Year for...
Skechers was honored as Ladies Brand of the Year for the second year in a row in the British Footwear Industry Awards. Among other honors, it was also praised as Leader in Customer Service for the first time.
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News briefs
Zappos has announced a multi-year partnership with Caesars Entertainment to...
Zappos has announced a multi-year partnership with Caesars Entertainment to open a theater in Las Vegas, starting with a total rebranding of The Axis, a 7,000-seat live venue on Las Vegas' Strip - the famous stretch of South Las Vegas Boulevard where many of the largest hotels and casinos are ...
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News briefs
Gore-Tex has enlisted a Norwegian singer and composer, Sigrid, as...
Gore-Tex has enlisted a Norwegian singer and composer, Sigrid, as its new brand ambassador. It says it selected her to appeal to a younger and more urban consumer target. The 21-year-old artist, who won this year's BBC Sound Award, recently participated in the launch of the Gore-Tex Infinium range of ...
