Latest News Briefs – Page 99
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News briefs
Zappos confirms Scott Schaefer as CEO
Zappos.com has confirmed Scott Schaefer as chief executive officer. He had been acting CEO since December 2021. Prior to becoming CEO, Schaefer served as vice president of finance which was preceded by multiple positions with financial, operational, and strategic scopes at the company. Before joining the U.S. online retailer of ...
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News briefs
Aquafil and Itochu to expand nylon circular business
Aquafil, the creator of the branded Econyl regenerated nylon, and Tokyo-based Itochu Corporation signed a non-exclusive business alliance agreement to expand and accelerate the nylon circular business. The two companies announced a strategic partnership in February last year. Aquafil created its Econyl Regeneration System in 2011. Econyl nylon is made ...
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News briefs
Zegna posts higher-than-expected Ebit margin
The Italian fashion group Ermenegildo Zegna posted an adjusted Ebit of €149 million in 2021, resulting in an adjusted Ebit margin of 11.5 percent, above guidance for a margin of about 10 percent provided in February. Zegna, whose shares are listed on the New York stock exchange, attributed its better-than-expected ...
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News briefs
Sosandar lifts earnings guidance after strong second half
The British online women’s fashion brand Sosandar lifted annual earnings and revenues guidance again after recording profits in successive quarters. The company, founded by two fashion journalists in 2016, expects at least £29 million (€34.7m) in revenues, up by 138 percent year-on-year, and for underlying losses to be cut by ...
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News briefs
50 Italian brands take part in trade fair held in Kazakhstan
Fifty Italian brands are taking part in La Moda Italiana@Almaty, an event organized by the Italian footwear association, Assocalzaturifici, in partnership with the Italian fashion industry association, Ente Moda Italia, and with the collaboration with the Italian furriers’ association, AIP, and the Italian leather goods association, Assopellettieri. The event also ...
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News briefsFootwear start-up Hylo raises €2.9 million for low-CO2 vegan shoes
The U.K.-based brand Hylo Athletics, co-founded by ex-football professional Michael Doughty in 2020, has secured €2.9 million in a Series A funding round for its vegan-friendly sneakers that are made with natural rubber, cotton, algae and corn fiber. The company claims the “corn runners” have a 52 percent lower carbon ...
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News briefsNew U.S. brand introduces recovery footwear
Velous Footwear, founded in early 2022, has launched its first line of sandals designed to promote and optimize active recovery for athletes of all levels. Velous’ sandals are designed to help feet, ankles, knees and legs recover quickly from athletic or strenuous activities. The sandals incorporate the company’s patent-pending TriMotion ...
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News briefs
Lululemon hires two executives for its new footwear business
Just days after announcing its first own footwear line, Lululemon is bolstering its executive team with the hiring of Simon Atkins as SVP of footwear and Phil Dickinson as SVP, global creative director. Atkins most recently led basketball and U.S. sports at Adidas and has held several senior management and ...
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News briefsFrank Schuffelen appointed CEO of ANWR Group
Source: ANWR Frank Schuffelen, ANWR The ANWR Group, headquartered in Mainhausen, Germany, has appointed Frank Schuffelen as CEO, effective April 1. Schuffelen was previously spokesman of the board and responsible, among other things, for corporate development, human resources, finance, controlling and corporate communications. He will now head ...
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News briefsTod’s wants to enhance the value of its brands
Tod’s wants to enchance the value of its four brands this year and has stopped trading with Russia following the country’s invasion of Ukraine on Feb. 24, according to the company’s chairman and chief executive Diego Della Valle. The group owns the brands Tod’s, Hogan, Roger Vivier and Fay. Speaking ...
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News briefsHunter introduces slippers and sandals with algae
Hunter, one of the bigger players in the rubber boots market, has introduced a capsule of summer slippers and sandals made from blown EVA and a share of a new material made with algae that are harvested by cleaning up waterways. The colorful “Bloom” line consists of a sandal and ...
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News briefsScarpa unveils the eco-friendly Mojito Planet Denim
Scarpa has unveiled the Mojito Planet Denim, an all-terrain shoe made using recycled fabrics from production waste that are regenerated and transformed into new yarns. The process is based on an energy-saving technology that allows saving more than 65 percent of water compared with traditional systems, Scarpa says. The upper ...
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News briefsKlarna acquires PriceRunner
Klarna, the fintech company that intermediates between retailers and customers, handling direct payments, payments after delivery and installment plans, has acquired all of PriceRunner, a comparison-shopping service operating in Sweden, Denmark, Norway and the U.K. Klarna will be adding PriceRunner’s product discovery, price comparisons and product reviews to its own ...
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News briefsVeja launches sneaker with Sea Sheperd
Source: Veja Veja xSea Sheperd Dekkan French footwear brand Veja has partnered with NGO Sea Sheperd to launch a new vegan sneaker that is available in several countries (in Europe: Switzerland, Italy and France) through the Sea Sheperd online store and at Veja’s website for €150. The ...
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News briefs
Nice Footwear inaugurates its Paris showroom
On April 5, Nice Footwear inaugurated its showroom in Paris. The 220-square-meter office is located at 42 rue Etienne Marcel, in the center of the French capital. During the opening, the Italian company presented the forthcoming autumn/winter collections of the brands Kronos, Avirex and Conte of Florence. France is Nice ...
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News briefs
Dr. Martens names a new global creative director
Dr. Martens has appointed Darren McKoy as its new global creative director. McKoy has been in the job since December 2021. He joined Dr. Martens in January 2015 as global category manager for footwear and in October 2017 become global category product director. Prior to the British footwear company, ...
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News briefs
U-Power 2021 sales up by 33%
U-Power, an Italian producer of premium work shoes and apparel, posted a net profit of €35 million in 2021, up by 6 percent from a year earlier, on revenues of €230 million, up by 33 percent. The company’s footwear sales rose by 29 percent to €204.9 million, while apparel ...
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News briefs
German manufacturing material shortage worsens in March
The shortage of intermediate materials in German manufacturing has become more severe, according to the German research institute ifo. In March, 80.2 percent of companies complained about bottlenecks and problems procuring intermediate products and raw materials. In February, the figure was 74.6 percent. “The attack on Ukraine has made the ...
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News briefs
Lloyd wins Red Dot Design Award for newly launched cycling sneaker
Lloyd Shoes is this year’s recipient of the coveted Red Dot Design Award in the “Fashion and Lifestyle Accessories” category. The honor was bestowed on the German shoemaker for its newly launched LL/CYC cycling sneaker, which was announced in September last year. The sneaker is available in five ...
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News briefs
Skechers signs a collaboration with Martha Stewart
Skechers is partnering with Martha Stewart for a multiplatform commercial and marketing campaign across the U.S. and Canada. She will promote the U.S. footwear company’s Memory Foam and Arch Fit collections. Stewart, an American self-made billionaire, joins a team of Skechers ambassadors including the singer Willie Nelson, fitness gurus and ...
