Latest News Briefs – Page 8
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News briefs
US threatens Brazil after Bolsonaro conviction
The US Secretary of State, Marco Rubio, said that the US will respond to the Brazilian supreme court’s decision to convict former Brazilian President, Jair Bolsonaro, for plotting a coup after losing the 2022 presidential election. “The political persecutions by sanctioned human rights abuser Alexandre de Moraes continue, as he ...
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News briefs
Klarna rises in stock market debut
Swedish fintech Klarna made its stock market debut on the New York Stock Exchange on Sept. 10, raising $1.37 billion (€1.26bn) in its initial public offering (IPO). Shares were priced at $40 in the IPO, advancing 14.6 percent to close at $45.82 after the first day. The deal gives ...
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News briefs
Hamburg fashion label Closed files for insolvency
The German fashion label Closed has filed for insolvency with the Hamburg District Court, joining a growing list of local high-profile bankruptcies in recent years. The company cited excessive debt as the reason for the filing. Despite the move, Closed said business operations – including wholesale, e-commerce and brick-and-mortar ...
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Sabu names new head of category management
The German shoe retail cooperative Sabu has appointed Annette Wächtler as its new Head of Category Management, effective Oct. 1. Wächtler, 49, brings more than 30 years of experience in the footwear industry. She spent 11 years at Ecco, most recently serving as product director for Europe, and has also ...
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News briefs
Asak&Co to distribute Vionic in Italy
Asak&Co, an Italian company founded in 1992 by the sisters Barbara and Sonia Dalla Rosa, has been selected to distribute Vionic, a Caleres-owned brand, in Italy. The company already conducted a test with Vionic’s spring/summer 2025 collection and the collaboration will start in full with the spring/summer 2026 season. ...
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Tod’s’ CEO for North America leaves
After 14 years in the job, Tod’s’ CEO for North America, Roberto Lorenzini, is stepping down. The Italian fashion group is expected to announce his replacement soon. Lorenzini will remain as an advisor for the company to ensure a smooth transition in the region. “Roberto has decided that this ...
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News briefs
Ecco Americas has a new Chief Commercial Officer
Ecco has hired Matt Feiner as Chief Commercial Officer of Ecco Americas. Feiner is in charge of wholesale, retail and e-commerce activities across North America. He will also have a “strong influence” on product creation and market strategies, the Danish group said. “I’m excited to share that I’ve accepted a ...
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News briefs
Dick’s Sporting Goods completes the acquisition of Foot Locker
Dick’s Sporting Goods announced that it has completed the $2.4 billion acquisition of Foot Locker to become a global leader in the sports retail industry. As a combined company, Dick’s will now operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia, ...
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News briefs
OrthoLite introduces breathable SloMo memory foam
OrthoLite, the US-based leader in comfort and performance foam technologies for footwear, launched SloMo, a new breathable, slow-recovery memory foam formulation. The new material expands the company’s memory foam portfolio, aiming to provide enhanced fit, adaptive pressure relief and improved airflow. SloMo builds on previous OrthoLite products such as ...
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News briefs
Giorgio Armani passes away
The Italian designer Giorgio Armani has passed away at the age of 91 , announced the fashion group he created. “With infinite sorrow, the Armani Group announces the passing of its creator, founder and tireless driving force: Giorgio Armani,” the group said, noting that the designer “worked until his final ...
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News briefs
Nine out of 10 of consumers have adopted more sustainable habits
More than nine people out of 10 have adopted more sustainable habits, according to a survey conducted by Apiccaps, the Portuguese footwear association, in partnership with the Catholic University of Portugal. The survey, which involved 1,531 consumers from more than 50 countries, had 90.9 percent respondents claiming to have adopted ...
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News briefs
EFTA, India free trade agreement effective Oct. 1
A free trade agreement between the states of the European Free Trade Association (EFTA) and India becomes effective Oct. 1, according to the Swiss government. The Swiss State Secretariat for Economic Affairs noted that on Sept. 3 the country’s Federal Council “adopted the necessary amendments to the ordinances to implement ...
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News briefs
Alohas opens a store in London
The Spanish footwear and clothing brand Alohas has opened a store in London as it continues its international expansion. In 2024, the brand launched stores in Barcelona and Madrid. Alohas opened its first foreign store in Paris in September 2024, followed by openings in Milan, Amsterdam and New York ...
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News briefs
Dunion Taiyang Sheng Shoes to build a shoe factory in Bangladesh
Dunion Taiyang Sheng Shoes Co. Ltd. is set to invest $10.20 million to build a factory in Bangladesh, according to the Bangladesh Export Processing Zones Authority (BEPZA), which signed an agreement with the Chinese footwear manufacturer on Aug. 24. The Chinese company plans to produce 2.10 million pairs of sandals, ...
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News briefs
Turkey’s inflation slows down
Turkey’s annual inflation rate fell to 33.0 percent in August from 33.5 percent the previous month, according to the statistics office Tuik. Compared to the previous month, consumer prices in the country rose by 2.0 percent in August. Inflation in Turkey is falling despite sustained economic growth, with GDP in ...
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News briefs
Scottish footwear retailer opens a store in England
Begg Shoes, a Scottish footwear retailer, has opened its first store in England. Situated in Market Harborough, Leicestershire, the store is the chain’s 10th location. Established in 1866, and still run by the Begg family, the retailer has nine stores in Scotland. It also has a website launched in 2015. ...
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News briefs
Mirko Ostendörfer takes over as Managing Director of Urbn Concepts
Snipes has appointed Buffalo Boots’ CEO, Mirko Ostendörfer, as Managing Director of its wholesale agency Urbn Concepts. The move follows the integration of the Buffalo’s distribution division and is part of a broader restructuring of the company’s fashion wholesale operations. Ostendörfer will continue to serve as CEO of Buffalo while ...
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News briefs
Klarna’s IPO may raise up to $1.46bn
Klarna has set the price range for its initial public offering (IPO) price at $35 to $37 dollars per ordinary share, resulting in proceeds of up to $1.46 billion. The Swedish payment company has been approved to list its shares on the New York Stock Exchange under the symbol KLAR. ...
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News briefs
Kyaia takes over AsPortuguesas
Kyaia, a Portuguese footwear company located in Guimarães, is taking full control of its peer Ecochic Portuguesas, owner of the AsPortuguesas footwear brand. Kyaia is buying the stakes of Amorim Cork Ventures and Pedro Abrantes. No financial details were available. Ecochic Portuguesas was created in 2015 by Abrantes with the ...
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News briefs
Berkshire Hathaway Shoe Holdings in sock licensing partnership with Majesty Brands
Berkshire Hathaway Shoe Holdings entered an exclusive sock licensing partnership with Majesty Brands, a provider of socks, sleepwear, slippers and intimates. Under the agreement, Majesty Brands will design, manufacture, and distribute socks for three of Berkshire Hathaway Shoe Holdings’ brands: Carolina, Double-H and Phantom Rider. The first sock collections for ...
