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News briefs
Rexor stays profitable in 2020
Rexor , the German buying group controlled by ANWR , recorded a 19 percent decrease in centralized settlement revenues in 2020 due to the impact of the Covid-19 pandemic. In Germany, Rexor managed to limit the decline to 9.6 percent thanks to new memberships. Currently, 509 companies are part ...
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Unichel now believes Russia may curtail counterfeiting with shoe tagging
The mandatory tagging of footwear coupled with increased control of the Russian market could curb the share of counterfeit shoes, said Vladimir Denisenko , the head of Russia’s main footwear producer Unichel . Denisenko was initially critical about the tagging project when it was launched by the Russian government ...
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UITIC’s congress postponed to 2022
The International Union of Shoe Industry Technicians ( UITIC ) said that its 21 st International Footwear Congress, initially scheduled this year in China, has been postponed to 2022 because of the Covid-19 pandemic. UITIC’s executive committee took the decision in agreement with the host organization, China ...
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U.K. accepts to extend provisional Brexit deal to April 30
The British government has accepted, at the European Union’s request, to extend until April 30 the provisional application of the post-Brexit agreement, to give additional time to the European Parliament to ratify the deal. The provisional application of the post-Brexit agreement started on Jan. 1, after the U.K. left ...
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Gap reportedly to close all British, Irish stores in July
The American fashion group Gap intends to close all of its stores in the U.K. and Ireland in July, in a move that could lead to the loss of hundreds of retail jobs, according to a report in The Times . Gap has 95 shops in the U.K. ...
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News briefsTapestry joins Black in Fashion Council Active Allyship Pledge
The New York-based fashion group Tapestry announced its participation in the Black in Fashion Council Active Allyship Pledge . Members of the program commit to joining together to secure the advancement of Black individuals in the fashion and beauty industry. “We have committed to expanding diversity in our ...
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Skechers has raised over $6m for dogs and cats
Through sales of its BOBS from Skechers collection, the American footwear company has contributed more than $6.2 million to date to help save and support over one million shelter dogs and cats in the U.S. and Canada. It said that more than $2.7 million of the contributions have benefited ...
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Hermès’ leathergoods sales up by 18% in Q4
The revenues of the French luxury goods group Hermès totaled €6,389 million in 2020, a decrease of 6 percent at constant exchange rates and 7 percent at current rates. Revenues returned to growth in the second half after being hit by the Covid-19 pandemic, with an acceleration in the ...
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Pittards’ sales recover in H2
Pittards , the British leather and leathergoods manufacturer, which owns the brand Daines Hathaway , posted sales of £15.2 million (€17.6m-$21.3m) in 2020, down from £22.3 million (€25.8m-$31.2m) in 2019 due to the impact of the Covid-19 pandemic. But in the second half, revenues stood at £8.6 million ...
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VF discloses the allocation of its green bond proceeds
VF Corp ., the mother company of The North Face , Timberland and other brands, has released its Green Bond Impact Report , in which it shows that the net proceeds of around €493 million from its inaugural green bond have been fully allocated. The money has ...
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Italian fashion industry seen rising by 10% in 2021
Revenues of the Italian fashion industry fell by about 23 percent in 2020 due to the impact of the Covid-19 pandemic and are not expected to return to pre-crisis levels before 2023, according to the investment bank Mediobanca . This year, the sector’s sales are expected to rise by ...
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Kinnevik to spin off its stake in Zalando
Kinnevik , the Swedish investment fund that has been supporting Zalando since 2010, helping it to go public in 2014, has decided to transfer its 21 percent interest in the big German-based e-tailer to its own shareholders, provided they approve the move at Kinnevik’s annual meeting on April 29. ...
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Kering dragged down by Gucci
Revenues of the French luxury goods group Kering amounted to €13,100 million in 2020, down by 17.5 percent year-on-year on a reported basis and by 16.4 percent on comparable structure and exchange rates due to the impact of the Covid-19 pandemic. The decline was driven by the group’s ...
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Vans launches a digital livestream channel
Vans has launched Channel 66 , a digital livestream network broadcasting weekdays from New York City, Chicago, Mexico City, and Los Angeles to a worldwide audience. Channel 66 offers a live audio and video broadcast featuring DJ sets, radio shows, talks, workshops, and musical performances across music, art, ...
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Pod to be relaunched by William Lamb
The Pod brand will be relaunched with the forthcoming autumn/winter season after the footwear distributors William Lamb Group acquired the international license for the brand last year. The collection will comprise women, men and children’s shoes. The Pod footwear was originally launched in 1976. William Lamb ...
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Baldinini in apparel license deal with Add
Baldinini , the Italian producer of luxury footwear, has signed a license agreement with Add , the brand of down jackets owned by the Italian company Comei Co , for the design and distribution of outerwear. Add will produce about 100 items of both men’s and women’s ...
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Shop Pay expands to Facebook and Instagram in the U.S.
Shopify is expanding Shop Pay to all its U.S. merchants selling on Facebook and Instagram . With Shop Pay clients also get access to order tracking and carbon offsets from their deliveries. The Canadian e-commerce software company says that Shop Pay helped buyers complete more than ...
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Klarna launches bank account in Germany
Klarna , the Swedish online payments group, is launching consumer bank accounts in Germany. The launch marks a first for the company and will allow customers to track, categorize and analyze all of their everyday spending using the Klarna app. A Klarna bank account will come with a Visa ...
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Moody’s downgrades VF
Completing its review of VF Corp. ’s credit rating following its December acquisition of Supreme , Moody’s kept the company’s rating stable but lowered its senior unsecured debt and shelf ratings slightly. It confirmed its P-2 short-term commercial paper rating. Moody’s noted that VF’s financial leverage will remain high, ...
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Santoni launches online business in China
Santoni, the Italian brand of high-end shoes, has opened a store on Tmall Luxury Pavilion, the B2C marketplace of the Chinese group Alibaba, as part of a direct-to-consumer, digital-first strategy for the market. Along with its TMall launch on Feb. 1, Santoni also opened an account on ...
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