Latest News Briefs – Page 3
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News briefs
Italian regulator clears bid to delist Tod’s
The Italian stock market regulator Consob has approved the prospectus for the offer on Tod’s launched by the investment vehicle of L Catteron, a private equity firm backed by the French luxury goods group LVMH. The bid is for 9,255,498 ordinary shares, representing 27.968 percent of the share capital of ...
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News briefs
Roam opens a store in Los Angeles
The California-based footwear brand Roam has opened its first store in Los Angeles. The 1,000 square foot store is located in the Glen Centre. It offers the brand’s footwear, apparel and accessories. Launched in 2018, Roam specializes in women’s sandals comprising vegan materials, a certifiable Bio Eva outsole derived from ...
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News briefs
Générale pour l’Enfant placed into receivership
Générale pour l’Enfant (GPE), the parent company of the French brands Du Pareil Au Même (DPAM), Sergent Major and Natalys, was placed into receivership on March 14, according to the news agency AFP, citing a ruling by a commercial tribunal based in Bobigny, near Paris. GPE suspended payments on March ...
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News briefs
Vince Camuto extends apparel license with BCI
Authentic Brands Group has renwewed Vince Camuto’s apparel licensing agreement with BCI Brands. Through the extension, BCI will continue to serve as the brand’s licensing partner for its core women’s apparel category until the end of 2030, with two consecutive five-year renewal options to follow. “BCI is proud of the ...
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Heydude launches in the UK
Heydude, the casual footwear brand owned by Crocs, debuted in the UK on March 20. The brand was launched in 191 doors and through a country specific website.
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News briefs
The German fashion retailer Sør files for bankruptcy
Bonavest GmbH, the owner of the German multi-label retail chain Sør, has filed for bankruptcy as falling sales, high rents, as well as increasing energy, logistics and personnel costs took a heavy toll on the company. The Mönchengladbach-based retailer, which operates 24 stores and an online shop, applied for ...
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News briefs
Exor, WWICL invest in the fashion brand Subdued
The holding company Nuo has acquired a 30 percent stake in Osit, a Rome-based company active in the teenage fashion segment with the brand Subdued, for about €70 million. Nuo is equally owned by Exor, the holding company owned by Italy’s Agnelli family, and the Hong Kong family office The ...
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Caleres hires Liz Dunn as head of corporate development and strategic communications
Liz Dunn has joined Caleres as Senior Vice President of corporate development and strategic communications. “In this newly created role, Dunn will leverage her nearly 30 years’ experience spanning equity research, investment banking, consulting, and finance to ensure Caleres aligns its growth ambitions and strategic communications with delivering shareholder value. ...
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News briefs
Aeffe’s footwear and leather goods sales decline in 2023
The revenues of Aeffe’s footwear and leather goods division amounted to €142.1 million, down by 13.1 percent, both at constant and current exchange rates, compared to 2022. The division comprises the luxury footwear brand Pollini. The adjusted Ebitda of the footwear and leather goods division was €19 million in 2023, ...
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Shoe Carnival hikes its dividend
Shoe Carnival’s board has approved the payment of a quarterly cash dividend of $0.135 per share, representing a quarterly increase of 12.5 percent and an annualized dividend rate of $0.54 per share. The quarterly cash dividend will be paid on April 22 to shareholders of record as of the close ...
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News briefs
Düsseldorf shoe retailer Koch files for bankruptcy
The German shoe retailer Schuhparadies Michael Koch GmbH has shut down after 37 years of activity as it slips into bankruptcy on rising energy, insurance, staff and rent costs. The traditional footwear business, established by Michael Koch in 1987, runs a Tamaris store on Flinger Strasse in the old ...
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News briefs
Vans’ chief product and merchandising officer quits
Marissa Pardini, Vans’ chief product and merchandising oOfficer, has announced her departure from the brand by the end of March. This follows a series of turnovers within VF Corp, the brand’s parent company. Pardini, who joined Vans in December 2022 after a decade with the company and a stint at ...
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News briefs
Shoes Düsseldorf announces dates for 2025
The German trade fair organizer Igedo has announced next year’s dates for its Shoes Düsseldorf trade fair, held at the Areal Böhler in the German city. The footwear fair will run from Feb. 23 to 25 and from Aug. 24 to 26, 2025. Before then, this year’s summer ...
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News briefs
Tod’s doubles its FY net profit
Tod’s more than doubled its 2023 net profit to €50.0 million from €23.1 million a year earlier, as Ebit rose to €94.7 million from €58.2 million. The Italian fashion company confirmed that full-year sales grew by 11.9 percent to €1,127 million. Tod’s decided not to pay a full-year dividend in ...
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News briefs
Skechers renews eyewear licensing deal with Marcolin
Skechers has renewed its global eyewear licensing agreement with the Italian company Marcolin. The partnership, under which Marcolin designs, manufactures and distributes worldwide Skechers branded sunglasses and optical eyewear collections, started in 2014 and has been extended until Dec. 31, 2030.
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Gaastra to cease operations for the second time in 3 years
Following the insolvency filing of Unlimited Footwear Group (UFG),the Gaastra brand will cease operations, according to 1st-blue.com. The brand had been relaunched by UFG in 2022 after the insolvency of its previous owner. Gaastra was founded in 1897 by the Dutch sailmaker Douwe Gaastra and has been a well-known and ...
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News briefs
Puma loses patent case over Avanti shoe design
Puma has suffered a setback in a patent dispute over a sports shoe associated with Rihanna, according to a press release from the Court of Justice of the European Union. The case revolves around the Avanti trainer design, which Puma’s Dutch wholesaler, Handelsmaatschappij J. Van Hilst (HJVH), sought to patent ...
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News briefs
Shoe Zone warns it is trading below expectations on higher wages, Red Sea attacks
Shoe Zone warned that it was trading “marginally” below expectations, because of a rise in the UK’s minimum wage, the National Living Wage, higher costs and attacks of commercial shipping in the Red Sea which have disrupted supply chains. The chief executive, Anthony Smith, said there had also been “higher ...
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News briefs
Continued uncertainty in German consumer sentiment despite an improvement in March
Consumer sentiment in Germany showed a significant improvement in March from the previous month, according to the German trade association HDE. The industry group however warned that, given the persistent uncertainty, there is currently no sign of a solid upward trend. The monthly HDE consumption barometer is calculated ...
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News briefs
Legero picks TV presenter Funda Vanroy as brand ambassador
Legero, a brand of the Austrian shoe manufacturer Legero United, has teamed up with the German television presenter and actress Funda Vanroy as the new ambassador for the company’s forthcoming spring/summer 2024 collection. Among other things, Vanroy is a presenter on the German television show series Galileo on ProSiebenSat.1’s ...
