Latest News Briefs – Page 74
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News briefs
Marc O’Polo hires Jan Brinkmann to head the footwear division
The Swedish-German fashion label Marc O’Polo hired the industry veteran Jan Brinkmann as the new director of its footwear division, as the company continues to expand in the sector. Brinkmann will join Marc O’Polo on July 1, 2023 and initially focus on sales and marketing, working alongside the current ...
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News briefs
VF issues €1bn in unsecured senior notes
VF Corporation is issuing unsecured senior notes, whose proceeds will be used to finance general corporate purposes, including the repayment of borrowings under its commercial paper program. The U.S. company has priced €500 million of unsecured senior notes due 2026 at 99.704 percent of the principal amount with a coupon ...
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News briefs
Loro Piana opens a new footwear factory
Loro Piana, the Italian fashion brand bought by the French luxury goods group LVMH in 2013, has inaugurated a new footwear factory in Porto San Giorgio, in the central Italian region of the Marche. Production will focus on the brand’s White Sole shoes.
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News briefs
Primadonna Collection aims for revenues of €120m in 2023
The Italian footwear and apparel retailer Primadonna Collection aims to post annual sales of €120 million this year after ending 2022 with a top line of about €110 million, the founder and manager Valerio Tatarella told the website Fashionmagazine.it. Tatarella also said that the brand plans to enter the Vietnamese ...
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News briefs
Micam and sister fairs attract 48,276 visitors
The February edition of Micam, along with the three shows held with the footwear trade fair, attracted 48,276 visitors compared with nearly 35,500 in September 2022 and some 29,500 in March 2022, as the shows continue to recover from the havoc caused by the Covid-19 pandemic, which disrupted travel and ...
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News briefs
World Footwear Congress postponed due to earthquakes
The European Footwear Confederation (CEC) postponed the 7th edition of the World Footwear Congress, that was scheduled to be held on May 9-11 in Istanbul, due to the ”devastating earthquakes” that occurred in Turkey and Syria on Feb. 6. CEC said that the congress is postponed until later in the ...
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News briefs
Italian large fashion firms combined sales rise 20% in 2022
The combined turnover of large Italian fashion firms rose by 20 percent in 2022 compared to the year earlier to reach €82 billion, according to a report from the research arm of the Italian bank Mediobanca. The report covered fashion companies headquartered in Italy and with revenues above €100 million. ...
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News briefs
Consumer confidence improves in Germany, U.K.
Consumer confidence improved in Germany and the U.K. but slipped slightly in France. Confidence levels remain low in all three countries. Consumer confidence in Germany is expected to rise to -30.5 points in March, up 3.3 points from a revised -33.8 points in February, according a preliminary reading by the ...
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News briefs
Skechers enters a new fashion collaboration
Skechers has teamed up with style icon Diane von Furstenberg of luxury fashion brand DVF for Skechers first-ever footwear and apparel collab. Skechers x DVF features Furstenberg’s signature prints and bold colors and launches with the Endless Kisses capsule featuring the DVF “Lips” print. The collection aims to reflect ...
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News briefsAlibaba reports improved results despite challenges
Despite softer demand and supply chain and logistics disruptions, Alibaba reported revenues and profits for Q3 that exceeded Wall Street estimates. Revenues increased by 2 percent to 247.8 billion yuan renminbi (€34.1bn) from RMB 242.6 billion for the period ending Dec. 31. The Chinese e-commerce behemoth said in a statement, ...
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News briefs
Salomon launches first shoe featuring SCF-made Elastollan
Salomon is releasing the Index.02 running shoe with a midsole featuring Elastollan made with Supercritical Fluid (SCF) direct injection foaming technology. Elastollan is the brand name for BASF’s thermoplastic polyurethane (TPU).The Salomon Index.02 marks the first-ever footwear application of SCF-made Elastollan. The SCF technology enables an even gas dispersion, which ...
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News briefs
Coats refinances debt from the Texon acquisition
Coats, the British industrial thread and footwear components manufacturer, said that it successfully completed a competitively priced $250 million issue of U.S. private placement (USPP) notes. The issuance, on investment grade terms and heavily oversubscribed, refinances the $240 million facility which funded the acquisition of Texon in July 2022, Coats ...
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News briefs
Valleverde's sales reach €25m in 2022
Valleverde, the Italian footwear company owned by Silver1, posted sales of over €25 million in 2022, rising sharply from €14 million in 2021. The top line is also above the pre-Covid-19 level of €17 million reached in 2019. The brand achieves 65 percent of its revenues with women’s shoes. The ...
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News briefs
Pinko launches the joint venture Pinko Shoes with Eli Group
Cris Conf, the parent company of the Italian fashion brand Pinko, has created the joint venture Pinko Shoes with the objective of achieving €40 million in annual revenues within six years. Cris Conf has a 51 percent stake in the joint venture, while the remaining 49 percent is owned by ...
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News briefsSaye grows strongly in 2022 but misses its sales target
Saye, a fast-growing Barcelona-based company specialized in sustainable footwear, posted sales of €6.7 million in 2022, up by 20 percent year-over-year but below its target of €8 million. The company is estimated to have sold more than 70,000 pairs in 2022 as its retail network increased by 80 percent to ...
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News briefs
Brazilian footwear production seen up 1.6% this year
Brazilian footwear production is expected to grow by 1.6 percent this year to more than 860 million pairs, according to Abicalçados, the Brazilan footwear association. In January, Brazilian footwear manufacturers exported 14.63 million pairs, up by 4.5 percent year-on-year, generating $117.9 million in revenues, up by 16.6 percent. Abicalçados noted ...
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News briefs
Tod’s and Lamborghini enter a partnership
Lamborghini, an Italian maker of sports cars owned by the German group Volkswagen, and Tod’s, an Italian fashion house, announced a partnership in luxury leather goods, shoes, apparel and accessories. “The two Italian brands’ exclusive collaboration celebrates Italian craftmanship and tradition as well as technological research and innovation: qualities that ...
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News briefs
Hermès’ FY sales up by nearly 30%
The French luxury goods group Hermès said that in 2022 it posted a net profit of €3.367 billion, up from €2.445 billion, while revenues rose by 29.2 percent to €11.602 billion. At constant currency rates, the top line was up by 23.4 percent. The leather goods and saddlery division increased ...
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News briefs
BasicNet posts 34% sales growth in 2022
BasicNet, the Italian parent for the Kappa, K-Way, Superga and Sebago brands, has reported preliminary results for 2022. Final results are due for release on March 9. Group brands’ aggregate sales rose 34.1 percent year-over-year to €1.27 billion in 2022. Commercial licensee and direct aggregate sales grew by 27 percent ...
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News briefs
Alpargatas hires a new head of finance
Following the resignation of Julian Garrido Del Val Neto, vice president of finance and investor relations, effective April 1, the board of directors of Alpargatas S.A., the Brazilian owner of the Havaianas flip-flop sandal brand, has elected André Corrêa Natal as his successor. His term will begin on April 1 ...
