All News briefs articles – Page 103
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News briefs
Globo’s parent buys Conte of Florence
Cosmo, which manages about 100 stores in Italy under the Globo banner selling apparel, footwear and accessories, has bought for €3.1 million the Conte of Florence brand, along with the website domain and some stock, according to the website Pambianconews. Conte of Florence became famous in the 1970s when it ...
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News briefs
Kering posts record full-year sales
Kering achieved record revenues in 2021 at €17.019 billion, up by 34 percent as reported and up by 35 percent on a comparable basis. The recurring operating income rose by 60 percent year-on-year to a record €5.017 billion. Online sales continued to grow, up by 55 percent. The online channel’s ...
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News briefs
Clarks hires two new managers
Clarks has hired Olivier Motteau as the head of its European business, excluding the U.K. and Ireland. Motteau spent 14 years with New Balance. He was initially hired in 2007 as country manager for France and was promoted to run the European operations in 2010. He expanded the European footprint ...
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News briefs
Wildling Shoes enters North American market
The German shoe maker Wildling Shoes, which manufactures minimalist footwear using sustainably sourced materials according to ethical manufacturing practices, will make its debut in North America with its spring/summer 2022 collection. The shoes will be sold exclusively online at us.wilding.shoes and are available in the U.S. and Canada. According ...
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News briefs
Tod’s wins public tender for exclusive Milan store
Tod’s has won an auction to rent a store in Galleria Vittorio Emanuele II, Milan’s iconic shopping arcade, which is next to the city’s cathedal. In a public tender, the Italian luxury leather goods producer offered to pay an annual rent of €1.805 million for the 249-square-meter store, which is ...
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News briefs
A new plant-based textile fiber from Finland
Nordic Bioproducts Group, a Finnish start-up and a spin-off from Aalto University, has developed a new plant-based textile fiber called Norratex, made without any toxic chemicals or expensive solvents. In Nordic Bioproducts’ patented AaltoCell technology, the cellulose is first hydrolyzed in an environmentally friendly manner; then, it is further processed ...
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News briefs
Metaverse market to exceed $100 bn in 2022
Management consultancy Boston Consulting Group (BCG) expects a strong surge in growth for products and services for the so-called metaverse. “The market for augmented reality will exceed the 100 billion US dollar mark this year,” said BCG partner Tibor Mérey in an interview with the German business magazine Capital. The ...
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News briefs
Kamik’s new CEO comes from Keds
Gillian Meek has been hired as the new CEO of Kamik, a family-owned Canadian company. Meek was previously president of Keds, a brand of canvas sneakers and leather shoes owned by Wolverine Worldwide. Meek was part of Wolverine’s senior leadership team. She is also a member of Women in Footwear ...
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News briefs
Cole Haan releases its first sustainable shoe
Cole Haan has released its first sustainable shoe. The Generation Zerøgrand has an outsole made of a material called FlowerFoam, at least 25 percent of which consists of natural dandelion rubber and for which the American brand has filed a patent. The vegan microfiber suede of the upper is 21 ...
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News briefs
Steve Madden in jewelry licensing deal with Centric
Centric Brands entered an exclusive licensing agreement with Steve Madden in the jewelry and hair accessories categories. Centric has been producing jewelry under Madden’s Betsey Johnson brand for the past four years. Edward Rosenfeld, chairman and chief executive officer of Steve Madden, said that “Centric has done an excellent job ...
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News briefs
Sympatex strengthens footwear business with new hire
Christoph Alexander Schnell will join Sympatex in February as business development manager for the footwear segment. Situated in Munich, the company provides high-tech functional materials used in apparel, footwear, accessories, contract & work wear and technical applications since 1986. A trained shoe technician, Schnell has designed formative projects at ...
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News briefs
JD fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, the company confirmed that it will “continue to work ...
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News briefsTimberland’s icon boot heads into the metaverse
Timberland, a VF Corp. brand, has entered the metaverse with a digital gaming experience called “TimbsTrails.” “TimbsTrails provides a unique and fun platform to celebrate the footwear innovations and cultural moments that have shaped our past, and to explore our collective journey into the future,” said Chris McGrath, VP of ...
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News briefs
U.K. online retailer Studio Retail files for administration
The British online retailer Studio Retail Group filed for administration for itself and Studio Retail Limited, its wholly owned subsidiary, after failing to obtain a £25 million (€30m) short-term loan. The company also suspended its shares on the London Stock Exchange while it begins the U.K.’s form of bankruptcy proceedings. ...
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News briefs
Hengst files for bankruptcy
Hengst Footwear, which is based in the Dutch town of Steenwijk, has filed for bankruptcy, according to the local media. “This step was a difficult decision for our family,” Karen Hengst, who owns the company with her husband Hans, was quoted as saying. She cited the impact of the ...
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News briefs
Piquadro Q3 sales up over 36%
In the third quarter ended Dec. 31, the Italian leather goods firm Piquadro posted sales of €45.7 million, up by 36.4 percent from a year earlier. In the first nine months of the fiscal year, it posted revenues of €109.4 million, up by 33.3 percent. The company had a net ...
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News briefs
Shoe Zone distributes treasury shares to managers
Shoe Zone distributed 12,878 ordinary shares out of treasury to its finance director, Terry Boot, the general counsel, Catherine Bowen, and the operations director, Steve Orr, in connection with their remuneration packages. Boot, who is also a director of the British footwear retailer, received 7,626 shares. As a result of ...
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News briefs
Pittards sees 25% increase in January sales order book
Pittards, the British producer of leather and luxury leather goods, said its sales order book in January increased by 25 percent compared to the year earlier, with sales momentum continuing after revenues in 2021 jumped by 30 percent to £19.8 million (€23.5m). In a trading update on 2021 financial results, ...
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News briefs
Kazakh fashion manufacturers lose market share
During the first three quarters of 2021, clothing and footwear manufactured in Kazakhstan accounted for only 10 percent of sales on the domestic market, 4.6 percentage points less than during the same period of the previous year, the Kazakh Committee for Industrial Development estimated. The overall market size totaled $2 ...
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News briefs
Surf4shoes expands its management team in online push
The German shoe retailer Surf4shoes has expanded its top management team to push further the development and implementation of its online strategy. Janis Salmen, 37, who has been with the company as chief operating officer since March 2021, joined the management board on Dec. 15, 2021. Salmen, an expert ...
