All News briefs articles – Page 10
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News briefs
German footwear retailer Hans Leinweber dies at 84
Hans Leinweber, a veteran of German footwear retailing, has died at the age of 84 after a long illness. As the third-generation managing partner of the Berlin-based AS Group, Leinweber played a central role in shaping and expanding the company over several decades. Born in 1940 into a ...
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Caleres names Brian Costello President of Famous Footwear
Caleres announced that Brian Costello has been named division President of Famous Footwear effective immediately. He will continue to report to Jay Schmidt, President and CEO of Caleres. Costello joined Famous Footwear in February this year as Chief Merchandising Officer, assuming responsibility for all buying and merchandising, including women’s, ...
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Boot Barn renews payment partnership with Affirm
Boot Barn Holdings, the parent company of Boot Barn, Sheplers and Country Outfitter, has extended its exclusive, multi-year partnership with Affirm, a payment network. The agreement allows consumers to continue using Affirm to pay both online across all three brands and in-store at over 450 Boot Barn locations nationwide. “Providing ...
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US plans to double import tariffs on Indian goods
The US plans to double import tariffs on Indian goods to 50 percent as a punishment for buying Russian oil and thus help finance Russia’s invasion of Ukraine. In an executive order signed on Aug. 6 by US President, Donald Trump, the US plans to impose within 21 days of ...
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Francesco Parisotto of Scarpa has passed away
Francesco Parisotto, a key figure in the history of Italian outdoor footwear company Scarpa and a pioneer of Italy’s Sportsystem, the technical footwear and sporting goods district of Asolo and Montebelluna, in Italy’s northeast, has died at the age of 98. Born in 1927 in Coste di Maser, near Treviso, ...
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HDS/L celebrates 75th anniversary and elects a new board
The German footwear and leather goods trade association HDS/L hits the three-quarter century mark and prepares for the future with an overhaul of its board of directors. HDS/L, which currently has 131 members, celebrated its 75th anniversary at BASF’s Gesellschaftshaus in Ludwigshafen. The association has been at the ...
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Schuhplus to cease operations at year end
The German plus-size shoe retailer Schuhplus will cease operations at the end of the year, after 14 years in business. The company has announced the closure of its locations in Dörverden and Saterland, both in Germany’s Lower Saxony region. Eleven employees will be affected. The owners, Kay Zimmer ...
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Ricosta launches the barefoot brand Qnuffs
The German children’s footwear manufacturer Ricosta is expanding its brand portfolio with the launch of a new barefoot shoe brand for children, Qnuffs. The new brand is Ricosta’s response to the growing demand for child-friendly barefoot shoes, according to the company. Qnuffs footwear combines features typical of barefoot ...
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Caleres completes the acquisition of Stuart Weitzman
On Aug. 4, Caleres completed the acquisition of Stuart Weitzman from Tapestry for $120.2 million, which included $11.5 million in cash received at the closing. Excluding cash received at the closing, the net purchase price was $108.7 million. The price is subject to final adjustments for net working capital. The ...
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Aeffe’s footwear and leather goods business at breakeven in H1
In the first half of 2025, the revenues of Aeffe’s footwear and leather goods division amounted to €45.9million, down by 18.7 percent, both at constant and current exchange rates compared with the previous year. The division comprises the luxury footwear brand Pollini. The Ebitda of the footwear and leather goods ...
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Asos names a new Chair
Asos has appointed board member and former CFO of Amazon Fashion, Natasja Laheij, as its Chair after Jørgen Lindemann said he would be stepping down from the post after three years. Lindemann, who also serves as the CEO of the entertainment provider Viaplay Group, is to leave the company following ...
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Armani fined for unfair commercial practices
Italy’s antitrust authority has fined Giorgio Armani and G.A. Operations 3.5 million euros for unfair commercial practices, charging that the two Italian companies had made misleading statements on their ethical and social responsibility commitments that were contradicted by the actual working conditions at the suppliers and subcontractors that produced most ...
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Trump sets tariffs for nearly 70 countries
The US President, Donald Trump, signed an executive order announcing sharp new tariffs on nearly 70 countries and the European Union, with most measures set to go into effect on Aug. 7 rather than Aug. 1, to allow US customs and border agencies implementation time. Tariff rates range from ...
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Shoes dominate The Lyst Index in Q2
Six of the 10 hottest products in the second quarter of 2025 were shoes, according to The Lyst Index. The Row’s Dune sandals topped the ranking, followed by Skims’ Tank Top vest and Adidas’ Adicolor Classics Sprinter Shorts. Miu Miu’s suede loafer ranked 4th, followed by Vibram’s V-Soul flats and ...
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US ends de minimis exception
The US President. Donald Trump. signed an executive order to end the de minimis exception altogether – not just for China and Hong Kong. Commercial goods valued at $800 or less and shipped to the US by means other than international post are thus no longer exempt from tariffs or ...
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Hermès’ sales continue to grow but the operating margin slips
Hermès generated sales of €3,905 million in the second quarter of 2025, up by 15.6 percent on a reported basis and 9.0 percent at constant exchange rates. In the first half of the year, revenues amounted to €8,034 million, up by 7.1 percent on a reported basis and 8.1 percent ...
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Temasek buys a 10% stake in Ermenegildo Zegna
Temasek, a Singapore-headquartered investment company, has increased its stake in Ermenegildo Zegna to 10 percent. The Italian fashion house has sold 14.1 million treasury shares to Temasek at $8.95 each. Thanks to the deal, Ermenegildo Zegna receives $126.4 million in cash. The funds will reinforce its balance sheet “at a ...
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Europe’s economy slows down
In the second quarter of 2025, seasonally-adjusted gross domestic product (GDP) increased by 0.1 percent compared with the previous quarter in the eurozone and by 0.2 percent in the European Union, according to a preliminary estimate from EU’s statistical office Eurostat. In the first quarter, GDP increased by 0.6 ...
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US plans 25% tariff for India from Aug. 1
The US President, Donald Trump, said that Indian exports to the US could face a 25 percent customs duty from Aug. 1. The Asian country could also face a penalty for buying arms and energy from Russia, helping the country finance its war against Ukraine. “Remember, while India is our ...
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Skechers rejects Kizik’s allegations of patent infringement for Slip-ins
Skechers said that it will “vigorously” defend the patent suit filed in a Texas court against it by Kizik Design, alleging that the entire line of Skechers Hands Free Slip-ins infringe Kizik’s patents. The company believes that the allegations “are baseless.” “As owners of a vast portfolio of intellectual property, ...
