Latest News Briefs – Page 72
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News briefs
Shoe Carnival names a new CFO
Shoe Carnival has named Erik Gast as executive vice president, chief financial officer, effective April 24, 2023. Gast will join the U.S. footwear retailer from Fleet Farm Group, where he has been the executive vice president and chief financial officer since 2020. He succeeds W. Kerry Jackson, who will be ...
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News briefs
Alvin Sukali to leave Myanmar for Cambodia
The Chinese footwear firm Alvin Sukali will relocate from Myanmar to Cambodia in June creating over 1,000 jobs, the Khmer Times reported citing Cambodia’s ministry of labour and vocational training. The factory, which will be located in Samraong Tong in Kampong Speu province, is expected to produce over 70,000 pairs ...
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News briefs
Aeffe swings to a full-year loss
Aeffe, the Italian fashion house that owns the footwear brand Pollini, posted a net loss of €9 million in 2022 compared with a net profit of €12 million in 2021, which included non-recurring tax benefits of €9.5 million. The group’s revenues totaled €352 million, up by 8.4 percent on a ...
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News briefs
ILM unveils first date for 2024
The 159th edition of ILM, the international leather goods fair held in Offenbach am Main, near Frankfurt, is scheduled from Feb. 3 to 5, 2024, the organizer of the event, Messe Offenbach, announced. Held twice a year, the fair is an important hub for international trade in the leather ...
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News briefs
Portuguese exports up over 20%
In 2022, Portuguese footwear exports rose by 20.2 percent in value to over €2 billion and by 10.5 percent in volume to 76 million pairs, according to data released by Apiccaps, the Portuguese footwear, components and leather goods manufacturers association. About 80 percent of exports were shipped to other European ...
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News briefs
Wolverine Worldwide names new chairman, directors
Tom Long, the lead independent director for Wolverine Worldwide and former CEO of MillerCoors, LLC, will become chairman of Wolverine on May 4 following the retirement of Blake Krueger, chairman and retired CEO. Meanwhile, earlier this week, the parent of the Merrell and Saucony brands, among others, named three ...
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News briefs
Adidas, Y-3 present glueless shoe that can be easily dismantled
Earlier this year, Adidas and Yohji Yamamoto introduced the new Y-3 Atelier. Now, the German sporting goods brand and the Japanese designer present the first footwear from their experimental new collaboration: the Y-3 Itogo. The shoe consists of just five components, each highlighted by a number on the shoe: Elastic ...
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News briefsInditex posts record sales
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted record sales of €32.6 billion in the full year ended Jan. 31, up by a reported 17.5 percent and by 18 percent at constant currency rates. Constant currency growth was driven by rises ...
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News briefs
H&M Q1 sales up by 12%
H&M released preliminary results for the first quarter ended Feb. 28 that showed that net sales increased by 12 percent to SEK 54.872 billion (€4.91bn). The top line was 3 percent higher in local currencies. Excluding Russia, Belarus and Ukraine the increase was 16 percent on a reported basis and ...
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News briefs
Burberry names a new CFO
Burberry has appointed Kate Ferry as chief financial officer and executive director, joining the British luxury goods company by early September 2023 at the latest. She will be responsible for finance and business services functions and will become a member of Burberry’s board and executive committee. Ferry is currently CFO ...
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News briefs
Vapesol invests to bolster annual output to 5 mln soles
Vapesol, a Portuguese sole manufacturer that is celebrating its 25th anniversary, will invest in a 15,000 square meter facility to bolster its annual production to 5 million units. The Felgueiras-based company recently invested €2 million in a new factory exclusively dedicated to the production of EVA soles, which are 70 ...
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News briefs
Galeria Karstadt Kaufhof to close 52 stores
Galeria Karstadt Kaufhof, the troubled chain of German department stores, will close 52 of its 129 stores, putting at risk about 4,000 jobs at the points of sales and some 300 at its headquarters in Essen. A first batch of closures is scheduled on June 30, 2023, and another on ...
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News briefs
OrthoLite partners with Novamont to produce its circular solution for footwear
Insole and footwear materials brand OrthoLite has announced a partnership with Novamont, a B-Corp manufacturer of bioplastics and biochemicals, to escalate the scalability of its circular foam material solution for footwear, the OrthoLite Cirql, originally launched in 2022. OrthoLite Cirql foam is positioned as free from “forever chemicals” and responsibly ...
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News briefs
BasicNet FY Ebitda rises by 38%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, reported a net profit of €11.2 million in 2022 against earnings of €65.7 million a year earlier, which was bloated by a €60.9 million contribution from K-Way. Annual Ebitda rose by 38 percent to €60.9 ...
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News briefs
Gap makes management changes as it streamlines
Gap Inc., which manages the banners Old Navy, Gap, Banana Republic and Athleta, announced several changes to its executive leadership team and additional cost-cutting measures. The U.S. retailer said that it will further simplify and optimize its operating mode, including decreasing management layers to improve the quality and speed of ...
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News briefs
Shoe Zone cancels 500,000 shares
Shoe Zone announced the cancellation of 500,000 ordinary shares currently held in treasury. Following the cancellation, the issued share capital of the British footwear retailer now stands at 48,500,000 and Shoe Zone now holds 25,283 shares in treasury. The total voting rights remain unchanged at 48,474,717.
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News briefs
Iranian brands to make a debut on the Russian footwear market
An estimated 15 to 20 Iranian fashion brands could emerge on the Russian market this year, the Russian newspaper Izvestia reported, citing the outcome of recent negotiations between Iranian and Russian authorities. The Russian union of shopping centers also unveiled that the first agreement with an Iranian company had already ...
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News briefs
Permira reportedly interested in Florence
The London-based private equity Permira is interested in Gruppo Florence, an Italian holding company that owns 23 suppliers to the luxury goods industry, including three footwear manufacturers, according to media reports. Florence was created in late 2020 by the Milan-based private equity firm Vam Investments, the Italian state investment firm ...
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News briefs
Vibram aims to double its footwear sales
Vibram, the Italian sole producer, aims to double its sales of own-brand footwear which reached €18 million in 2022, Paolo Manuzzi, the chief executive of the Italian sole producer, said in an interview with the daily Il Sole 24 Ore. Last year, the group’s overall sales rose by 50 percent ...
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News briefs
Roel Roelofs joins Hooijer Footwear Group to lead Jan Jansen Amsterdam brand
The footwear industry veteran Roel Roelofs joined Hooijer Footwear Group as managing director of the Jan Jansen Amsterdam brand on March 1. Roelofs will be in charge of all activities, from design to sales, and will focus, among other things, on further strengthening the collection and expanding sales abroad. ...
