Latest News Briefs – Page 8
-
News briefs
Frasers Group hikes stake in Boohoo to 21.49% vs 17.22%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 21.49 percent from 17.22 percent, according to a stock exchange filing. The British retailer has been building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an opportunity ...
-
News briefs
JD Sports takes full control of MIG
JD Sports Fashion has bought a 40 percent stake in Marketing Investment Group (MIG) and is now the sole owner of the Polish-based wholesaler and multi-channel retailer. The acquisition was completed following clearance by the European Commission. JD Sports already owned a 60 percent stake in MIG, acquired in 2021. ...
-
News briefs
t/s Brand Management takes over the Kastinger license
The footwear company t/s Brand Management GmbH is expanding its portfolio by becoming the exclusive licensee of the Kastinger brand, which specializes in mountain, hiking and leisure shoes. The companies signed a ten-year agreement, starting from Jan. 1 this year. t/s Brand Management showcased the Kastinger brand at ...
-
News briefs
Tobias Eichmeier becomes the CCO of the ANWR group
At the turn of the year, Tobias Eichmeier stepped down as managing director of ANWR’s footwear business ANWR Schuh GmbH to concentrate fully on his role as chief commercial officer (CCO) for the entire buying group. As CCO, Eichmeier will be responsible for the group’s overall strategy alongside his ...
-
News briefs
Ownership and management change at ECC
European-Clearing-Center (ECC), which acts as a platform for electronic data exchange between producers and retailers in the footwear and fashion sector, underwent a change of ownership and management. Effective from Jan. 1, the footwear buying groups ANWR and Sabu and the shoe and leather goods industry association HDS/L purchased the ...
-
News briefs
Hapag-Lloyd and Maersk join forces
The German shipping company Hapag-Lloyd and its Danish peer Maersk have signed an agreement for a new long-term operational collaboration called “Gemini Cooperation”, which will start in February 2025. “The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability,” the companies said in a joint statement. ...
-
News briefs
Hugo Boss' Q4 sales, Ebit rise
In the fourth quarter of 2023, Hugo Boss’ currency-adjusted sales grew by 13 percent to €1,177 million, with all brands, regions and channels contributing to top line growth. Meanwhile, Ebit increased by 17 percent to €121 million, but it missed market expectations of €133 million. In the full year, currency-adjusted ...
-
News briefs
Snipes’ founder steps down as CEO
Sven Voth, the founder of sneaker specialist Snipes SE, is handing over his position as CEO to Dennis Schröder, who has been the company’s general manager since April 2023. Schröder will immediately assume responsibility for the business of the internationally operating sneaker and streetwear retailer. Voth will remain with the ...
-
News briefs
Vivobarefoot, Balena present 3D-printed compostable shoe
The British footwear and lifestyle brand Vivobarefoot has announced a partnership with Tel Aviv-based circular economy startup Balena, founded in 2020. The aim is to produce shoes that are made-to-order and made-to-measure locally and are compostable and recyclable thanks to Balena’s BioCir®flex range of materials. BioCir®flex is an advanced, flexible, ...
-
News briefs
Ugg expands sustainability-oriented Regenerate collection
California-based brand Ugg, a division of Deckers Brands, has introduced the next iteration of Regenerate by Ugg. Made with materials sourced from farms practicing regenerative agriculture, this collection helps to reduce negative impacts while increasing positive ones. The expansion of the brand’s regenerative offering begins with the new Tasman Crafted ...
-
News briefs
Burberry cuts its guidance
Burberry expects its adjusted operating profit in the fiscal year ending March 31, 2024 to come in betweem £410 million and £460 million (€477-535m), less than the previous guidance of towards the lower end of a £552 million to £668 million range (€642-776m). It said that it is committed to ...
-
News briefs
Clarks Netherlands stores to shut as new GAB wholesale partnership starts
A shake-up of Clarks’ Benelux operations will see the closure of seven branded stores in the Netherlands as it ends its partnership with Mulder Schoenen and starts a new deal with Group Alain Broekaert (GAB). The British footwear company said its shoes will continue to be sold in the Netherlands, ...
-
News briefs
Boohoo embroiled in factory closure and label-changing scandal
British fast fashion company Boohoo found itself embroiled in two more potential scandals as it considers closing a factory it established as a flagship center of excellence and was accused of removing original labels at the same plant and replacing them with ‘Made in UK’ tags.Boohoo is consulting with up ...
-
News briefs
Sport 2000 Austria joins forces with ANWR Group
At an extraordinary general meeting on Jan. 11, 2024, the Zentrasport Österreich e. Gen. cooperative, which is part of the international retail network Sport 2000, decided to become part of ANWR Group eG and the Sport 2000 country network led by Sport 2000 Germany. In July 2023, the Austrian cooperative ...
-
News briefs
Yue Yuen's manufacturing sales decline again in December
Manufacturing sales of Hong Kong-based Yue Yuen Industrial fell by 2.4 percent to $420.4 million in December. It was the slowest decline in manufacturing sales last year. For the whole of 2023, sales were down by 18.4 percent. However, sales at Yue Yuen’s retail business Pou Sheng grew by 15.9 ...
-
News briefs
SQIM raises €11m to develop mycelium-based materials
SQIM, an Italian start-up created in 2015 and specialized in materials bio-produced using mycelium, said that it has successfully closed an €11 million funding round in which participated CDP Venture Capital, ECBF VC, Kering Ventures and Progress Tech Transfer. The funds will enable SQIM, formerly known as Mogu, to launch ...
-
News briefs
Informa to merge its Tech digital businesses with TechTarget
Informa, a British publishing, business intelligence and exhibition organizer, has reached an agreement to combine its Tech’s digital businesses with TechTarget. “Today we significantly strengthen Informa’s position in the growing B2B Digital Services market, creating a platform to serve B2B customers at scale digitally, as we already do in Live ...
-
News briefs
Kybun Joya expands in the Middle East
The Swiss comfort shoes manufacturer Kybun Joya is expanding in the Middle East with the opening of 10 new stores in the Gulf states in the coming months. The company’s retail franchise has already grown to over 65 locations worldwide and it recently opened a new store in the ...
-
News briefs
Schuh Mücke managing director Thomas Klein steps down
Schuh Mücke, the German shoe and sporting goods retail chain within the ANWR Group, has undergone a management change. The managing director, Thomas Klein, left the company at the end of December after 13 years spent working in various roles across the group. According to the Mücke Group, Klein ...
-
News briefs
U.K. retail sales hit by weak consumer confidence in December
In December, total retail sales in the U.K. rose by 1.7 percent compared with 6.9 percent growth in the same period of 2022 and below the three-month average increase of 2.3 percent and the 12-month average rise of 3.6 percent, according to the latest survey released by the British Retail ...
