Latest News Briefs – Page 235
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News briefs
The Global Fashion Group (GFG), which owns several e-commerce clones...
The Global Fashion Group (GFG), which owns several e-commerce clones of Zalando in emerging markets, reported a 19 percent sales increase in net revenues to €256.4 million for the third quarter. The adjusted Ebitda loss declined by 2.8 percentage points to a still negative margin of 12.7 percent of revenues. ...
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News briefs
Tapestry, the company previously called Coach, reported a loss of...
Tapestry, the company previously called Coach, reported a loss of $18 million on sales of $1.29 billion for its first quarter, ended Sept. 30. The sales increase of 24 percent and the loss were partly due to the acquisition in July of Kate Spade and costs for its subsequent integration. ...
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Michael Kors Holdings is projecting revenues of $4.59 billion for...
Michael Kors Holdings is projecting revenues of $4.59 billion for the financial year ending next April, up from a previous forecast of $4.28 billion. That would include extra revenues $225 million from the recently acquired Jimmy Choo, down from a previously projected level of $275 million. In the second quarter ...
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News briefs
Shoe brands will continue to feel the pinch from sports...
Shoe brands will continue to feel the pinch from sports labels that are making further inroads into the growing sneaker market. This is the finding from a recent consumer focus survey conducted in Germany on the top brands in both the female and male market segments. Adidas, Nike, Reebok, Converse ...
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News briefs
The Indian government is reportedly getting ready to support the...
The Indian government is reportedly getting ready to support the leather manufacturing sector. As part of this program, the sales tax for finished leather is set to decline from 12 percent to 5 percent, and the tax on leathergoods and leather garments from 28 to 18 percent. Other measures will ...
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News briefs
Aquazzurra has dropped the counterfeiting suit it had launched against...
Aquazzurra has dropped the counterfeiting suit it had launched against Ivanka Trump one year ago, alleging that the brand's licensee, Marc Fisher, had copied the design of one of its sandals. It could not be determined whether the two parties have reached an out-of-court settlement
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News briefs
Hamm Market Solutions, the German-based footwear licensee for the Gant...
Hamm Market Solutions, the German-based footwear licensee for the Gant and Napapijri brands, will launch its first own shoe brand for women, whose name has not yet been announced. The German group has created a distinct company, Selected Footwear Concepts, under which the new brand will be launched. Claud Gese, ...
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News briefs
Art, the Spanish producer of original shoes, has developed a...
Art, the Spanish producer of original shoes, has developed a new footwear construction for the spring/summer 2018 season that allows consumers to create new designs on a sandal. Called “I Create,” it consists of a set of front and back straps, soles and other components, offering more than 50,000 combinations ...
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News briefs
Birkenstock is expanding its portfolio of accessories by adding its...
Birkenstock is expanding its portfolio of accessories by adding its first collection of five models of belts to complement the brand's spring/summer 2018 collection. They will be offered alongside the brand's new lines of legwear and bags. The belts are made in Germany, using vegetable tanned leather. The colors are ...
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News briefs
Castañer, best known for its espadrilles shoes, is partnering with...
Castañer, best known for its espadrilles shoes, is partnering with Manolo Blahnik on a new capsule collection. The Castañer by Manolo Blahnik capsule comprises six models, for the day and for the evening, with either “by day” or “by night” as part of the name of each model. The collection ...
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News briefs
W.L. Gore is coming up with a new brand, called...
W.L. Gore is coming up with a new brand, called Gore-Tex Infinium, which will be introduced from the autumn of 2018 for functional active lifestyle clothing, footwear and shoes. For example, it will be used for stylish shoes with a very thin isolation, developed through a new, patent-pending process, that ...
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News briefs
Boaonda, a Brazilian shoe manufacturer, is going to use a...
Boaonda, a Brazilian shoe manufacturer, is going to use a new Avalon thermoplastic polyurethane (TPU) compound developed by Huntsman for injection molding of sandals, clogs, sneakers and other types of shoes. Huntsman says it met such requirements as fast mold fitting and de-molding and the production of a flexible and ...
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News briefs
With a focus on sneakers and new products for summer...
With a focus on sneakers and new products for summer 2018, the new ANWR Order fair attracted a total of 370 visitors from around 200 companies on Nov. 28 and 29. The new house fair of the ANWR group hosted about 200 brands. It's part of a program to hold ...
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News briefs
Sneakerness, Europe's sneaker fair, landed for the first time in...
Sneakerness, Europe's sneaker fair, landed for the first time in Rotterdam on Nov. 25-26. Amsterdam has hosted the convention every year since 2011, and the organizers wanted to add a second location in the Netherlands. Rotterdam was reportedly chosen for its effervescent street fashion and lifestyle scene. The event was ...
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News briefs
Assomac's president, Gabriella Marchioni Bocca, has reportedly said that the...
Assomac's president, Gabriella Marchioni Bocca, has reportedly said that the Simac and Tanning Tech trade shows will see higher exhibitor numbers in 2018 than they did in 2017. Assomac is the Italian association of manufacturers of footwear, leather goods and tanning technologies. The application process for exhibitors closed on Nov. ...
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News briefs
The Whitney Museum of American Art in New York City...
The Whitney Museum of American Art in New York City hosted its annual fundraising party on Nov. 14, inviting many celebrities from the international music and art scene. For the event, Trisha Baga, an artist living and working in New York, designed an art piece together with Birkenstock. A sculpture, ...
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News briefs
Deichmann has again provided awards of €100,000 for ten projects...
Deichmann has again provided awards of €100,000 for ten projects dedicated to the integration of disadvantaged young people through education and employment. First awarded in 2005, the Deichmann Award this year went mostly for projects aimed at integrating young refugees. The Deichmann Award is split into several categories. The first ...
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News briefs
Stuart Weitzman has teamed up with Gigi Hadid, the famous...
Stuart Weitzman has teamed up with Gigi Hadid, the famous fashion model, for a second capsule collection of shoes. The proceeds being shared with Pencils of Promise, a non-profit organization that builds schools and increases educational opportunities in developing countries.
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News briefs
Gucci is partnering with Bocconi University to launch the Gucci...
Gucci is partnering with Bocconi University to launch the Gucci Research Lab. This new three-year research project is designed to develop the so-called soft skills, and how factors like mindset, risk-taking and staff empowerment can enhance performance and growth, with a focus on the fashion and luxury industry. The underlying ...
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News briefs
Christian Louboutin will be opening its first nail bar at...
Christian Louboutin will be opening its first nail bar at the Mandarin Oriental Paris, from Dec. 11-30. The Mandarin Oriental Paris is located on the prestigious rue Saint-Honoré, in Paris' first arrondissement. In the hotel-based temporary nail bar, customers will have an opportunity to try Christian Louboutin's nail polish range. ...
