All News briefs articles – Page 10
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News briefs
Lotto in a license agreement for Germany and Poland with Fashioncenter
WHP Global, a U.S. brand management company and owner of the Lotto label, has signed a long-term license agreement for the brand with Norderstedt-based Fashioncenter. A subsidiary of the Schmidt Group, Fashioncenter was recently entrusted with the license for the Kappa brand for 25 years and is now taking over ...
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News briefs
Nepal shoe industry working at 40% capacity
Nepal’s footwear manufacturing industry is working at only 40 percent of capacity due to a decline in exports, higher imports and smuggling, the local news agency RSS reported, citing Naniraj Ghimire, the president of the Footwear Manufacturer’s Association of Nepal. According to the association, Nepal has the capacity to produce ...
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News briefs
Cambodia footwear exports down by 23%
Cambodia’s footwear exports fell by 23 percent in the first 11 months of 2023 to $1.21 billion from $1.57 billion a year earlier, according to the Ministry of Commerce. The country’s exports of garment, footwear and travel products were down by 15 percent over the period to $9.9 billion. Cambodia ...
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Uzbekistan ramps up footwear production, export
Over the past six years, Uzbekistan made a lead forward in terms of footwear production and export, the Uzbek association of leather and footwear producers, Uzcharmsanoat, reported. In 2023, the country is expected to manufacture 246 million pairs of shoes, compared to only 10 million pairs in 2017. Exports are ...
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News briefs
Skechers opens a distribution center in Mumbai
Skechers inaugurated a national distribution center near Mumbai. The 600,000 square feet facility is located in the Lodha Industrial and Logistics Park in Kalyan and has a capacity to dispatch up to 60,000 pairs daily. The site represents the initial phase of a strategic partnership to develop a 1.1 million ...
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News briefs
LaShoe ceases operations
The German online shoe retailer LaShoe, which specializes in women’s shoes for hallux valgus - a misalignment of the big toe - and sensitive feet, will cease operations at the end of 2023. The Düsseldorf-based company, a subsidiary of the Walbusch Group, failed to sufficiently grow its customer base ...
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News briefs
Simon Tölle joins Sabu’s board
The German shoe retail cooperative Sabu has announced changes to its board of directors. From Jan. 1, 2024, Simon Tölle will join the board, replacing Peter Werner, who is stepping down at the end of December “at his own request” after more than twelve years in the role, the Heilbronn-based ...
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Hanwag appoints a senior sales manager for Germany
The hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, is expanding its sales team in Germany. Manuel Jäckle took over the position of senior sales manager Germany on Nov. 1, 2023. In this key role, Jäckle is responsible for both internal coordination and field sales and reports ...
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Buffalo teams up with Berlin party collective Herrensauna to launch joint shoe collection
The German footwear manufacturer Buffalo has joined forces with Berlin party collective Herrensauna, which organizes club nights in the techno scene, to create a bespoke limited-edition, party-ready shoe line within Buffalo’s new collaboration label Source. Launched last year, Source aims to connect the footwear brand with underground culture. “United ...
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News briefs
Wolverine Worldwide appoints a chief supply chain officer
Wolverine World Wide, Inc. has announced the appointment of Bishu Jayaram to the newly created position of chief supply chain officer. In this position, he will be responsible for global sourcing, distribution, logistics and integrated planning. Jayaram, a seasoned executive with over 20 years of supply chain and sourcing experience, ...
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News briefs
Maritime disruption in the Red Sea will strain supply chains
A prolonged disruption of martime traffic in the Red Sea caused by attacks on vessels by Houthi militants from Yemen is expected to strain global supply chains and raise transportation costs, according to the credit rating agency DBRS Morningstar. “The passing-through of costs by the providers of essential seaborne cargo ...
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News briefs
Golden Goose reportedly seeking to raise €1bn in IPO
Golden Goose plans is looking to raise about €1 billion from an initial public offering (IPO) scheduled in Milan next year, the news agency Reuters reported citing three people close to the matter. Permira, which has an 83 percent in the Italian sneaker brand, has appointed Bank of America, JP ...
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News briefs
Crocs appoints two board directors
Crocs has appointed John Replogle and Neeraj Tolmare to its board of directors, effective Jan. 1, 2024. “The new appointees will bring new skill sets and extensive brand building experience in consumer facing businesses to the Crocs board,” the U.S. footwear company said in a statement. Replogle “brings decades of ...
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News briefs
GMS’ Boys & Girls continues to expand
Boys & Girls, the children’s footwear marketing project of the Cologne-based shoe retailing association GMS, has continued to expand, with the opening of three new specialist stores in the past twelve months. At the end of 2022, Steffen Rüger launched “Boys & Girls Children’s Shoes Rhein-Neckar” in Schwetzingen, in ...
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News briefs
Farfetch acquired by Coupang
The luxury fashion online retailer Farfetch has been acquired by South Korean e-commerce company Coupang for an undisclosed sum. Coupang has already founded a company called Athena Topco LP together with the financial firm Greenoaks Capital Partners LLC for the purpose of the takeover. The deal reportedly provides the ...
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News briefs
Maersk suspends transit through Red Sea, ships rerouted via Cape of Good Hope
The Danish shipping company Maersk, which manages about a fifth of global container shipping, said that its ships due to sail through the Red Sea and the Gulf of Aden will be rerouted via the Cape of Good Hope. Other companies, including the French group CMA CGM and the German ...
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News briefs
Shoe Carnival launches new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million, effective Jan. 1, 2024. The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on Dec. 14, 2022, and will expire on Dec. 31, 2023. The board also approved ...
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News briefs
SportsShoes.com expands marketing and design teams
The Britsh online retailer SportsShoes.com announced 10 new appointments to its brand marketing, social media and design teams to support its continued growth and development strategy. Maryse Haynes is joining the company as marketing coordinator from sports and mountain apparel brand Inov-8, where she was head of marketing. Erika ...
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News briefs
Alpartagas hires a new CEO
Liel Miranda, the CEO of Mondelez International’s Brazil business unit since 2019, will join Alpargatas as CEO on Feb. 1, 2024. He will replace Luiz Fernando Edmond, who is the interim CEO of the Brazilian footwear company since and will remain a member of the Alpargatas’ board of directors. Edmond ...
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News briefs
Massimo Vian joins Gucci as chief industrial and supply chain officer
Massimo Vian is joining Gucci in the newly created role of chief industrial and supply chain officer, effective Jan. 15. A seasoned manager, Vian was previously the chief operating officer of Prada Group, that he joined in May 2020. Vian was also the CEO of the cashmere brand Falconieri for ...
