Latest News Briefs – Page 4
-
News briefs
The German footwear retailer Galipp to shut down
The German shoe retailer Gallip is closing down after 55 years in the business. The store in Gifhorn, in the Lower Saxony region of Germany, will shut its doors in December 2024, while the Berlin store will cease operations in 2025, managing partners Maike and Hayo Galipp-Le Hanne and ...
-
News briefs
Vietnam relies on China to uphold 2024 exports
Vietnamese shoemakers expect 2024 to be a challenging year but are relying on China to underpin exports, according to Phan Thi Thanh Xuan, the Vice President and General Secretary of Lefaso, the Vietnam leather, footwear and handbag association. In 2023, Vietnam generated $24 billion in revenues from leather and ...
-
News briefs
Däumling hires a new managing director
The children’s shoe manufacturer Däumling, part of the Berkemann Group, has hired a new managing director. Tristan-Sebastian Nitsche joined the company on March 1, Däumling said. A shoe professional with 22 years of sales and corporate experience in the footwear business, Nitsche holds a dual degree in business administration ...
-
News briefs
Kaanas obtains the footwear license for Avec Les Filles
The Colombian footwear company Kaanas Shoes has entered a licensing agreement with Bagatelle International to design and produce shoes under the Avec Les Filles label. Avec Les Filles was founded in 2017 by Joyce Azria. In 2019, the fashion brand was acquired by Bagatelle. The licensing agreement with Kaanas is ...
-
News briefs
Cascale releases an updated version of Higg BRM
Cascale, formerly the Sustainable Apparel Coalition (SAC), has launched the latest version of the Higg Brand and Retail Module (BRM), part of the Higg Index suite of tools. This update reflects Cascale’s commitment to refining the Higg Index to meet the needs of members, users and the industry. Higg BRM ...
-
News briefs
Ariat opens a flagship store in Las Vegas
Ariat International has opened a flagship store in Las Vegas. The retail space spans nearly 10,000 square feet and is part of the new 63 Las Vegas shopping center, located at the intersection of Las Vegas Boulevard and Harmon Avenue. “Roughly 40 million people travel to Las Vegas each year, ...
-
News briefs
Arezzo posts record revenues ahead of its merger with Soma
Arezzo & Co posted record gross revenues of 6,088 million Brazilian reais (€1,117m) in 2023, up by 16.4 percent compared to the year earlier ahead of its merger with the fashion Brazilian group Soma. The company posted higher operating margins, with the recurring gross margin up to 54.5 percent from ...
-
News briefs
US SEC fines Skechers for lack of disclosure
On March 7, the US Securities and Exchange Commission (SEC) announced that Skechers agreed to pay a $1.25 million civil penalty to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. According to the US regulator, from 2019 through 2022, ...
-
News briefs
Matches placed into administration
Frasers Group said that the loss-making online luxury clothing and accessories platform Matches has gone into administration. Since Frasers bought Matches in December 2023 “the business has consistently missed its business plan targets and, notwithstanding support from the group, has continued to make material losses. Whilst Matches’ management team has ...
-
News briefs
Allbirds finalises distribution agreements in Japan and Australasia
Allbirds has finalized two distribution agreements in Australasia and Japan. With the completion of the deals, Allbirds has transitioned four international regions from direct selling to a distributor model. The shift from a direct go-to-market model to a third-party distributor model is one of the key pillars under Allbirds’s previously ...
-
News briefs
Teva celebrates 40th anniversary with ‘Where to Next?’ campaign
Born in the Grand Canyon in 1984 by a resourceful river guide looking for a way to prevent sandals from floating downstream, the US outdoor footwear brand Teva introduced the world to the first sport sandal. To celebrate this major milestone, the brand, a division of Deckers Brands, has introduced ...
-
News briefs
Footasylum appoints a new CEO
Barry Bown, the CEO of Footasylum, is set to transition into a consultancy role with Aurelius, the company’s owner. Bown was CEO for nearly six years and during his tenure he saw significant growth, with the company’s revenues climbing by 7 percent to £320 million (€374m) and Ebitda reaching an ...
-
News briefs
Style Capital reportedly close to finalizing deal to buy Autry
The Italian private equity group Style Capital is about to close a deal to acquire a majority stake in the Italian sneakers brand Autry that would value the company at €300 million, according to media reports. Il Sole 24 Ore has reported that Style Capital could purchase 50.1 percent of ...
-
News briefs
Footasylum’s annual sales and profits surge
The British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850 square meter flagship in London’s Oxford Street in September, among other openings. Revenues in the year ...
-
News briefs
Falc’s 2023 sales total €95m
Falc finished 2023 with sales of nearly €95 million and expects to grow slightly in 2024, which marks the 50th anniversary of the Italian footwear group, the CEO Salina Ferretti, told fashionmagazine.it. Created in 1974, Falc has six brands: Falcotto, Naturino, Voile Blanche, W6YZ, Flower Mountain and Candice Cooper. ...
-
News briefs
Bata joins the Leather Working Group
Bata has joined the Leather Working Group (LWG), a non-profit organization promoting responsible leather by minimizing the environmental impact of its production through a suite of tools and environmental, social and corporate governance (ESG) certification. “By joining forces with LWG, we gain the tools to adopt cleaner solutions, reduce ...
-
News briefs
Kuehne+Nagel buys City Zone Express
Kuehne+Nagel, the Swiss logistics group, has entered into an agreement to acquire City Zone Express, a subsidiary of Chasen Holdings, a Singapore-listed company. Headquartered in Malaysia and established in 2006, City Zone Express has over 500 employees and operates in Malaysia, Singapore, Vietnam, Thailand, and China. The company has a ...
-
News briefs
GXO Logistics bids for Wincanton
GXO Logisticsis is offering 605 pence (€7.06) per share for the British logistics firm Wincanton, outbidding CEVA Logistics, a French logistics and supply chain company. CEVA, a unit of French shipping group CMA CGM, recently upped its offer to buy Wincanton to 480 pence (€5.60) per share from a previous ...
-
News briefs
Creditors approve Schuhhaus Kocken’s restructuring plan
The creditors of the insolvent German shoe retailer Schuhhaus Kocken GmbH & Co unanimously cleared the company’s restructuring plan, which was then confirmed by the Mönchengladbach district court. The family-run retailer started insolvency proceedings under self-administration at the end of August 2023, after taking a hit from sluggish ...
-
News briefs
SAC changes names to Cascale
The Sustainable Apparel Coalition (SAC), a global nonprofit alliance that promotes sustainable business practices in the consumer goods industry has changed names to Cascale. The “Cas” in Cascale is “SAC” reversed, while “CA” refers to “collective action,” and “scale” references scaled ambitions, according to a statetement. Cascale comprises over 300 ...
