Latest News Briefs – Page 4
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News briefs
Italy’s GDP growth is expected to be subdued in Q4
Italy’s gross domestic product (GDP) in the fourth quarter of 2025 is not expected to be “particularly strong” although data available to date does not indicate an economic contraction either, said Claudio Vicarelli, an executive with the statistics institute Istat, in a parliamentary hearing on the budget. Preliminary figures ...
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News briefs
EU countries reach an agreement to reduce CO2 emissions 90% by 2040
European Union ministers with responsibility for climate have reached an agreement to cut net carbon dioxide emissions 90% by 2040, said the Danish Climate Minister, Lars Aagard. Denmark currently holds the rotating presidency of the European Council. The agreement provides for some flexibility in reaching that goal. For example, the ...
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News briefs
Wolverine appoints a new head for its Work Group division
Wolverine Worldwide has appointed Justin Cupps as President of its Work Group. Cupps will oversee the brands Wolverine, Bates, CAT Footwear, Harley-Davidson Footwear, HyTest and Merrell Work. He will report directly to Chris Hufnagel, the President and Chief Executive Officer of Wolverine Worldwide, and join the company’s executive team. Cupps ...
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News briefs
Paul Green ends production at its Austrian HQ
The Austrian footwear brand Paul Green has announced it will cease production at its headquarters in Mattsee, near Salzburg, citing a persistently difficult economic environment, declining consumer spending and recently introduced US tariffs on shoe imports. The company said that despite extensive efficiency measures, the high costs of local ...
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News briefs
Havaianas tops The Lyst Index in Q3
Havaianas’ Top flip-flips were the hottest fashion item in the third quater, and Nike placed two shoe models among the world’s top ten most appealing products, according to The Lyst Index. Saint Laurent’s Le Loafer ranked as the second-hottest fashion item, while The Row’s Eel loafer ranked fourth. The Nike ...
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News briefs
ABG names SVP for Reebok
Authentic Brands Group (ABG) has appointed of Daniel Schachne as Senior Vice President in charge of Reebok. In his new role, Schachne will lead ”Reebok’s global growth strategy, working closely with licensing partners, retailers and brand ambassadors to sharpen its focus on sport and culture on a global scale. Alongside ...
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News briefs
Scarpa adds three new managers
Scarpa, the Italian brand specializing in the production of technical footwear for mountain and outdoor activities, has strengthened its organizational structure with three new managers. Enrico Bucciol takes on the role of Chief Product Officer, acting as a point of reference for product development and innovation. Carlo Maria Ferrero takes ...
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News briefs
Haglöfs reorganizes sales team in Southern Germany, Austria
The Swedish outdoor specialist Haglöfs has reshuffled its sales team in Southern Germany and Austria as part of ongoing efforts to strengthen its Central European sales structure. Bavarian-born sales expert Max Hagl has taken over sales responsibilities in Bavaria, succeeding Lisa Wendl, who will leave the company in December. ...
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News briefs
BasicNet’s revenues rise slightly
BasicNet, which owns Kappa, Superga, Sebago and other brands, reported consolidated revenues of €303.4 million for the first nine months of 2025, up by 2.5 percent year-over-year. Ebitda slipped to €39.8 million from €40.6 million a year earlier, and Ebit dropped to €23.4 million from €26.9 million. Aggregate brand sales ...
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News briefs
Intertek opens footwear testing lab in US
Intertek inaugurated on Oct. 29 a footwear testing facility in Bentonville, Arkansas, home to the US retailer Walmart. The Bentonville Footwear Center of Excellence is the British group’s first footwear testing laboratory in the country. ”Adding to our twenty-three consumer products sites in the US, the new facility, located in ...
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News briefs
R.M. Williams expands production capacity
R.M. Williams has opened a second workshop at its Adelaide site, bolstering the production capacity of the Australian bootmaker by 90 percent. The new 20,000-square-meter facility will increase the company’s manufacturing and distribution footprint to 29,500 square meters. In 2020, an Australian billionaire, Andrew Forrest, bought R.M. Williams, the producer ...
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News briefs
German firms find it increasingly difficult to predict their business development
German companies are finding it increasingly difficult to predict their further business development, according to a survey conducted by economic research institute Ifo. Some 77.8 percent of companies surveyed by Ifo in October said it was difficult or fairly difficult to predict their business development, up from 75.4 percent ...
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News briefs
Wolverine named 2025 Company of the Year by Footwear News
Wolverine Worldwide has been named 2025 Company of the Year by Footwear News and will be recognized at the Footwear News Achievement Awards (FNAA) on Dec. 3, in New York City. “Being named Company of the Year by Footwear News is a testament to the innovation, drive, and resilience of ...
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News briefs
US, China agree on a truce in trade war
Following a meeting on Oct. 30 in Busan, South Korea, the US President, Donald Trump, and the Chinese President, Xi Jinping, reached a multi-point agreement to ease trade tensions. China agreed to suspend its new rare-earth export controls for one year, effectively maintaining access to critical materials for US ...
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News briefs
ISPO to move to Amsterdam
A new joint venture between Messe München and the UK’s Raccoon Media Group will take over the ISPO trade show from 2026, relocating it from Munich to Amsterdam and launching a €3 million investment program to reinvent the event’s format. The trade fair is Europe’s largest and the world’s ...
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News briefsCoats completes OrthoLite acquisition
Coats Group, the British manufacturer of industrial threads and footwear components, announced on Oct. 30 that it had completed its acquisition of OrthoLite, the producer of footwear materials and insoles, as well as of Cirql, OrthoLite’s brand of sustainable materials. As we’ve reported, Coats announced its intentions back in July, ...
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News briefs
Zalando appoints a new CFO
Zalando has named Anna Dimitrova as its next Chief Financial Officer. On Jan. 1, 2026, she will succeed Sandra Dembeck, who will be leaving the company at the end of 2025 to pursue new professional opportunities. Dimitrova brings extensive international finance and digital experience from Vodafone Germany, where she served ...
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News briefs
German consumer confidence worsens
German consumer confidence is expected to worsen in November, falling to -24-1 from -22.5 in October, according to the GfK Consumer Climate, published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions (NIM). The October reading was revised down from a preliminary -22.3. “The ongoing tense geopolitical situation, increasing ...
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News briefs
French footwear exports down 3% in the first 8 months of 2025
French exports of footwear totaled €3.523 billion in the first eight months of 2025, down by 3 percent year-over-year, while imports were up by 3 percent at €5.597 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
Coats starts building a factory in Indonesia
Coats Rejo Indonesia, which is part of the British manufacturer of industrial threads and footwear components, Coats, has begun building a new €35 million dyeing and finishing factory in Pleret, Indonesia. The facility will combine twisting, dyeing, yarn finishing and structural component production, with capacity projected to reach 9 tonnes ...
