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L Catterton completes the takeover of Birkenstock
The U.S. private equity L Catterton has completed the acquisition of the German footwear company Birkenstock after the deal was approved by the European Commission . The commission concluded that the acquisition ”would raise no competition concerns, given the companies’ moderate combined market positions resulting from the proposed transaction.” ...
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On Running is again reported to be eyeing an IPO
On , the Zurich-based sports brand backed by Roger Federer , publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations ...
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Havaianas in partnership with Fortnite
Havaianas , the flip-flop brand owned by the Brazilian footwear group Alpargatas , has entered into a partnership with the online video game Fortnite released in 2017 by Epic Games and that currently has 350 million players. Thanks to the collaboration, the Havaianas Summer Island will feature ...
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Teva collaborates with Polaroid
For the summer Teva is releasing a limited edition of sandals in collaboration with Polaroid . The Teva x Polaroid collection comprises both established Teva silhouettes made with recycled materials and a custom refurbished Polaroid 600 camera. There are two sandal models: the Original Universal Polaroid , ...
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Chaco releases "Classic" flip-flops for summer
The American brand Chaco Footwear is including the Classic Flip and Classic Flip Leather models in its spring 2021 range. These “performance” flip-flops are made with reinforced, injection-molded polyurethane and polyester webbing. They also have Luvseat arch-support. The Leather model has full-grain leather and a suggested ...
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Amazon to open 8th logistics hub in France
The U.S. online retailer Amazon will open an eighth logistics center in France in the northeast town of Metz. The 156,000 square meter site is scheduled to open in the summer of 2021. The company has started recruiting for the site and pledged to create 1,000 permanent jobs ...
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U.K. plans to start trade talks with India in the autumn
The U.K. and India are scheduled to start talks about a free trade agreement in the autumn, said the British International Trade Secretary Liz Truss . “We will start negotiations on a full free trade agreement this autumn,” she said in an interview with Sky News . Truss hopes ...
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Russia postpones to June 15 deadline to sell unlabeled shoes
The Russian government has once again pushed back the deadline for retailers to sell stocks of unlabeled footwear. The new date is June 15. Labeling shoes with special electronic tags became mandatory in Russia on June 1, 2020. As of April this year, 82,000 companies have registered with the ...
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Wildberries launches sales in the U.S.
Russia’s largest online retailer, Wildberries , has entered the U.S. market, expanding its presence to 14 countries. The company has been active in increasing its international presence this year, with the launch of its German online store in January and in France, Italy and Spain one month later. In ...
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Caleres presents maiden ESG report
The U.S. company Caleres published its first environmental, social, governance (ESG) report, Caleres Cares … Feet First . The report covers the company’s activities in 2020 and sets commitments for the next five years. The pledges for 2025 include: Use environmentally preferred materials in all of ...
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Pitti Uomo scheduled June 30-July 2
The Florence-based men’s fashion show Pitti Uomo is scheduled to be held from June 30 to July 2 after the Italian government announced that trade fairs could resume from June 15 in regions where Covid-19 restrictions have been relaxed. However, the show has been shortened to three days from ...
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Kodiak to use PrimaLoft P.U.R.E insulation
Kodiak Boots , a Canadian footwear brand founded in Ontario in 1910, announced that it is the first footwear company to use PrimaLoft P.U.R.E. insulation. PrimaLoft P.U.R.E., short for Produced Using Reduced Emissions, is an insulation made from 100 percent recycled PET plastic that reduces carbon emissions by at ...
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Former VF CFO joins Tapestry
Tapestry , the New York-based owner of Coach , Kate Spade and Stuart Weitzman , has appointed Scott Roe as chief financial officer (CFO), effective June 1. Roe will have responsibility for all finance functions as well as leading the company’s strategy and consumer insights teams. He ...
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Amazon’s sales grew by 44% in Q1
Beating estimates, Amazon ’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at ...
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Vans honors the skate legend Jeff Grosso
Vans is paying tribute to the skate legend Jeff Grosso with a new Grosso Forever collection. Grosso, who died on March 31, 2020 at the age of 51. The collection leads with the Skate Sk8-Hi , which features re-issued colorways and iconic designs that Grosso sported during important ...
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Veja launches a lighter performance sneaker
Veja , the French sustainable sneaker company, is introducing its second and lighter performance running shoe, made with special materials. Manufactured in Brazil, the Marlin features a 65 percent bio-based rubber outsole, made from Amazonian rubber and rice waste, and a 60 percent sugar cane midsole. The lining is ...
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Zalando expands its loyalty program with early access
Zalando is adding what it calls “assortment-related benefits” to its loyalty program, Zalando Plus . The first is Plus Early Access, which, as the name suggests, provides program members – initially in Germany – with early access to new products. And the first product being offered under the new ...
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VF divests its occupational workwear operations
Completing a divestiture process that began in January 2020, VF Corp. has sold the occupational workwear portion of its Work segment to a subsidiary of Redwood Capital Investments for a yet undisclosed price. The deal should be closed during VF’s present quarter, which ends on June 30. The ...
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Kinetyx gets funding for its “kinesomic sensory insole”
Kinetyx ’ director, Robin Thurston , believes that every shoe in the world will be fitted with sensors twenty years from now. The Canadian high-tech company , which was spun off by its parent, Orpyx Medical Technologies , nearly one year ago, has secured new funding for its continued R ...
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Yue Yuen turned around in Q1
Yue Yuen Industrial estimates that it made a net profit of between $80 million and $90 million in the first quarter, against last year’s pandemic-triggered loss of $56 million for the period. The world’s largest shoe producer says it has enhanced the utilization and efficiency of its manufacturing operations, ...