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ThredUp buys European resale platform Remix
ThredUp , a U.S. online resale platform for women’s and kids’ apparel, shoes and accessories, has entered into a definitive agreement to acquire Remix , a Bulgarian-based fashion resale company. The acquisition will accelerate thredUP’s growth plans in Europe, where the secondhand market was estimated to be $21 billion in ...
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Hermès’ sales rise sharply in H1
The revenues of the French luxury goods group Hermès totaled €4,235 million in the first half, an increase of 77 percent year-on-year at constant exchange rates and 70 percent at current rates led by the Americas. At constant currency rates, sales in Asia, excluding Japan, rose by 86.5 ...
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APLF rescheduled to March 2022
The organizers of APLF-Leather , Materials+ and Fashion Access have rescheduled the events from November 17-19, 2021 to March 30-April 1, 2022 in Hong Kong. The events had already been posptoned from July 5-7 due to restrictions caused by the Covid-19 pandemic. In a statement, the organizers ...
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Aeffe’s footwear, leather goods sales up 43.0%
In the first half of 2021, the footwear and leather goods division of Aeffe , the Italian fashion house that owns Pollini and other brands, posted an increase in sales of 43.0 percent at constant currency rates to €68.2 million. The division’s Ebitda rose to €8.0m, representing 11.8 percent ...
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Aquafil launches consumer e-shop for Econyl products
The yarn supplier Aquafil is reaching out to consumers. The Italian company has just launched an Econyl e-shop platform, where – for the first time – customers can buy a range of sports, lifestyle and fashion products made from the company’s regenerated nylon Econyl directly in one place. ...
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Shoepassion launches digital photo measurement tool
Berlin-based footwear company Shoepassion expanded its Shoepassion ID foot measurement tool with a specially developed allocation algorithm that allows to automatically identify the right shoe size through a smartphone camera. Shoepassion ID was launched around a year ago with the aim of facilitating online shopping and to reduce ...
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Lloyd Shoes expands sustainable product range with two new collections
The German shoe maker Lloyd Shoes is expanding its sustainable product range with the launch of new men’s and women’s collections crafted in innovative alternative materials for the coming autumn/winter season. For its sustainable capsule collection, the company uses materials made from recycled marine plastic and plastic from ...
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Dr. Martens opens a store in Hamburg
On July 22, Dr. Martens opened its first store in Hamburg on Mönckebergstrasse in Hamburg. The 107 square meter store contains artwork made by the local graffiti artist Anna T-Iron . Mönckebergstrasse is close to the main train station and one of the city’s busiest shopping streets. ...
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LVMH fashion and leather goods sales surge
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 81 percent year-over-year in the first half. On a reported basis, sales for the division were up by 74 percent to €13.863 billion. When compared with the first half of 2019, organic ...
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YouTube acquires Indian social commerce platform Simsim
Google Inc , a subsidiary of technology holding Alphabet Inc , announced it has reached a definitive agreement for YouTube to acquire the Indian social commerce startup Simsim , which has a reach of more than 450 million active users per month, for more than $70 million. The acquisition ...
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Klarna acquires influencer and performance marketing solution APPRL
Klarna , the Swedish retail banking, payment and shopping service, has announced the acquisition of APPRL , a SaaS platform that enables content creators and retailers to work together seamlessly to deliver informative shopping content to consumers around the world. Klarna sees itself as a global growth partner for its ...
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New study says contactless card transactions will reach $2.5 trillion by 2021
The value of global contactless card transactions will reach $2.5 trillion in 2021, up from $1.7 trillion in 2020, and cards will continue to account for the largest share of total transaction value in 2021, at 79 percent, according to a new report from U.K.-based market research firm Juniper Research ...
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Ferragamo board director leaves to head RAI
Salvatore Ferragamo said that Marinella Soldi , an independent non-executive board director and chairwoman of the nomination and remuneration committee, has resigned with immediate effect for professional reasons. At the time of her resignation Soldi did not hold any shares in the company. Soldi was appointed chairwoman of ...
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Clarks launches style using surplus materials
Clarks Originals has released a new style called Wallabee Patch whose upper is made by using surplus materials to create a ”unique camouflage design.” The company said that Wallabee Patch ”combines sustainable production with our iconic moccasin silhouette.” It added that the rubber crepe sole is Forest Stewardship ...
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Genesco wins board battle
The management of Genesco has won a battle for the control of the board of directors against the activist shareholder Legion Partners Asset Management , which owns 5.6 percent of the capital of the U.S. footwear company. Genesco said that shareholders voted ”overwhelmingly” to re-elect all nine of ...
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LIR 2020 net profit shrinks to €0.6m
LIR , the family holding company that controls Geox and Diadora as well real estate assets through Domicapital , posted a net profit of €627,000 in 2020 compared with earnings of €6.52 million in 2019. The company ended 2020 with €817 million in equity and €268 million ...
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Brazil supports footwear presence at Playtime NY
The footwear export promotion program Brazilian Footwear , developed by the Brazilian footwear association Abicalçados and the trade and investment promotion agency Apex-Brasil , is supporting the participation of Brazilian brands at Playtime NY , children’s and maternity trade show held biannually in New York. The next edition takes ...
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Holger Rosemann becomes CEO of AstorMueller
Swiss shoe manufacturer AstorMueller has announced the name of its new CEO. Starting on Sept. 1, Holger Rosemann will take the helm of the company from Peter Schüpbach , who has been serving as interim CEO since May 1. Rosemann, 52, was most recently head of operations ...
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Bally signs up Johnny Huang as global ambassador
Bally has signed up Chinese actor and model Huang Jingyu , also known as Johnny Huang , as the face of its autumn/winter campaign and as its brand ambassador. It is the first time a Chinese person is the global ambassador for the brand. In China, the Swiss company ...
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Skechers launches kansaïyamamoto limited edition
Skechers launched a limited edition collection inspired by the late iconic Japanese designer Kansai Yamamoto . The Skechers x kansaïyamamoto collection of four fashion sneakers for men and women was launched on July 21, the one-year anniversary of the passing of the designer, in Japan, North America and Europe. ...