Latest News Briefs – Page 3
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News briefs
OrthoLite opens a manufacturing site in North Vietnam
OrthoLite, the US-based supplier of sustainable open-cell foam insoles, announced the opening of a new manufacturing facility in North Vietnam. Located in the Ninh Binh Province, the site marks a key milestone in the company’s strategy to localize production and enhance service for regional and global footwear brands. The OrthoLite ...
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News briefs
H&M launches a SEK 1bn share buyback
H&M Hennes & Mauritz’s board has decided to launch a SEK 1 billion (€91m) share buyback. “The purpose of the buybacks is to distribute surplus liquidity and thereby adjust H&M’s capital structure by reducing its capital. Accordingly, the board of directors intends to propose to the 2026 annual general meeting ...
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News briefs
Piquadro’s revenues rise slightly
Piquadro generated revenues of €88.4 million in the first half ended Sept. 30, up by 0.7 percent compared to the year earlier. The Italian leather goods group reported that Ebitda in the six-month period rose by 8.2 percent to €16 million and adjusted Ebitda grew by 1.3 percent to €9 ...
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News briefs
German economic output could increase ‘slightly’ in Q4
German economic output could “go back up slightly again” in the fourth quarter of 2025 after preliminary data indicated that gross domestic product was unchanged in the third quarter after slipping by 0.2 percent in the second, according to the monthly report from the country’s central bank, the Bundesbank. “Owing ...
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News briefs
Instagram, Facebook to ban Australians under the age of 16 from Dec. 4
Meta announced that it will start banning from Dec. 4 Australian users under the age of 16 accessing Instagram, Facebook and Threads to comply with the country’s new social media rules. The US group started notifying the users concerned “to give them the opportunity to save their contacts and ...
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News briefs
JD Sports issues a profit warning
JD Sports Fashion warned that it expects profit before tax and adjusting items to be at the lower end of market expectations of £871 million (€988m), within a range of £853-888 million (€967-1,007m). The company noted that “recent indicators have shown incrementally weaker macroeconomic and consumer external data points in ...
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News briefs
GermanFashion elects a new president
The trade association GermanFashion has appointed a new president following the biennial election of its board of directors at this year’s general meeting. After 14 years in the role, Gerd Oliver Seidensticker, of Seidensticker Group, has handed the presidency to Justus Lebek, of Lebek International Fashion, who was elected with ...
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News briefs
Clarks expands its digital reach
Clarks has made its products available on the online marketplaces of Shein and Secret Sales in the UK, as the British footwear brand expands its digital presence globally. The brand will be available on Secret Sales Netherlands and Dress for Less by the end of the year. In the US, ...
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News briefs
ThredUp appoints Kelly Bodnar Battles to board
The US-based online resale platform ThredUp announced that Kelly Bodnar Battles will join its board of directors, effective Dec. 1 and serve as Chair of the Audit Committee. The move supports the company’s financial oversight as it expands and evolves into an AI-first resale platform. “Kelly’s experience in financial ...
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News briefs
US to cut Swiss trade tariffs to 15%
The United States and Switzerland reached trade agreement under which the US will cut import tariffs on Swiss products to 15 percent from 39 percent, while Switzerland will remove a range of tariffs across agriculture and industrial sectors and Swiss companies pledged to invest $200 billion in the US ...
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News briefs
Eurozone faces subdued growth in the coming years
The eurozone’s real domestic gross product (GDP) is expected to rise by 1.3 percent this year, 1.2 percent in 2026 and 1.4 percent in 2027, according to the European Commission’s autumn forecasts. In its previous forecasts in May, the European Commission expected 0.9 percent growth this year and 1.4 ...
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News briefs
Vivobarefoot's FY revenues up 5%
UK-based footwear brand Vivobarefoot reported a 5 percent increase in revenue to £91.4 million for the 2024/25 financial year, driven by a 12 percent rise in units sold to 1.2 million pairs. The company published its annual impact report titled Unfinished Business, highlighting both achievements and operational setbacks. More in ...
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News briefs
MySize's revenues up by 26% quarter-on-quarter
MySize, an Israel-based producer of AI-driven sizing solutions, footwear fit-tech and retail innovation, has reported results for the third quarter of 2025 that show revenues rose by 26 percent quarter-on-quarter to $2.6 million. Year-over-year, the gross profit jumped by 27 percent $1.0 million, the operating loss was cut by 9 ...
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News briefs
Hwaseung Footwear to build a plant in India
Hwaseung Footwear, a leading South Korean footwear manufacturer with producers for global brands such as Adidas, plans to invest 898 crore rupee (€87.1m) in a manufacturing facility in Kuppam, in the Indian state of Andhra Pradesh, to produce non-leather footwear. In the Indian numeral system, a crore corresponds to 10 ...
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News briefs
BFShow attracts over 10,000 visitors
BFShow, the trade show promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, attracted more than 10,000 visitors to its fitth edition, held in São Paulo from Nov. 10 to 12. Foreign visitors totalled 1,300, coming from 46 countries. BFShow, through its Programa Comprador scheme, brought ...
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News briefs
French footwear exports down 3% in the first nine months of 2025
French exports of footwear totaled €3.957 billion in the first nine months of 2025, down by 3 percent year-over-year, while imports were up by 2 percent at €6.298 billion, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods industry. It added ...
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News briefs
Columbia appoints two co-Presidents as part of its succession plan
Columbia Sportswear has appointed Peter Bragdon and Joseph Boyle as co-Presidents, effective Nov. 12, as part of the US group’s ”ongoing process to advance its succession plans” at the helm. Bragdon has been promoted President of the company and will now oversee all the company’s international operations, the Mountain Hardwear, ...
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News briefs
Asos refinances its debt
Asos says that it has refinanced its asset backed loan facility into a secured term loan and delayed draw term loan (DDTL) with a new syndicate of private lenders. The new financing facilities comprise a £150 million (€170m) term loan and an £87.5 million (€99.1m) DDTL maturing in November ...
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News briefs
Footasylum hires Mad Agency as its exclusive distributor for Germany and Austria
Footasylum has selected Mad Agency to serve as its distributor in the DACH region, which comprises Germany, Austria and Switzerland. Under the new agreement, Mad Agency will represent Footasylum’s full brand stable as its exclusive sales agency for Germany and Austria. The partnership officially launches in November 2025 and ...
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News briefs
Permira reportedly in talks to sell Golden Goose to HongShan Capital
The private equity firm Permira is in talks to sell Golden Goose to the Chinese fund HongShan Capital based on a valutation of more than €2.5 billion, according to the Italian daily Il Sole 24 Ore. If confirmed, the transaction will mark the fifth change of ownership in 12 years ...
