All News briefs articles – Page 107
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News briefs
Piquadro starts footwear collaboration with ACBC
The Italian leather goods company Piquadro presented its first collection of unisex sneakers called Corner20 at the Pitti Immagine Uomo trade show held in Florence from Jan. 11 to 14. The shoes were produced in collaboration with ACBC and are matched with a selection of backpacks. ACBC is an Italian ...
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News briefs
Caleres hikes its full-year guidance
Caleres raised its earnings per share outlook for the fiscal year ending Jan. 29. The U.S. footwear company now anticipates reported earnings of $3.29-3.39 per share. Adjusted earnings per share is seen reaching a record $4.00-4.10.
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News briefs
Rizzo’s debt restructuring to be discussed Jan. 24
The Stockholm District Court will hold hearings on Jan. 24 to discuss a debt restructuring proposal for Rizzo and its subsidiary Rizzo International. The court also approved to Rizzo’s request to extend its restructuring period for an additional three months to March 21. The Swedish retailer’s composition offer involves the ...
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News briefs
CTC names Françoise Nicolas as general director
Centre Technique du Cuir (CTC), the French-based research and training group that redistributes funds collected among its members to support the national leather industry, has appointed Françoise Nicolas as its general director. Her primary objectives will be to support the leather industry in digital transition, sustainable development and skills management. ...
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News briefs
Crocs improves its 2021 sales guidance
Crocs expects to post record 2021 revenues with growth reaching 67 percent against 2020. This compares with a previous guidance of a 62-65 percent sales increase. The company also estimates adjusted operating margin of nearly 30 percent in the full year. It noted that share repurchases in 2021 reached $1 ...
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News briefs
Superfeet founder passes away
Dennis Brown, the founder of Northwest Podiatric Laboratory and Superfeet Worldwide, a leading American supplier of comfort insoles, died on Dec. 31 at his home in Blaine, Washington. He was 96 years old. He started Northwest Podiatric Laboratory in 1964, where he developed patented orthotic products and casting techniques. ...
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News briefs
Shopping via social media seen reaching $1.2 trillion in 2025
Shopping through social media platforms is expected to grow three times as fast as traditional e-commerce, according to a report issued by Accenture. Boosted by the Covid pandemic, it should rise from $492 billion a year to $1.2 trillion globally by 2025. The report shows that 64 percent of the ...
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News briefs
A new sustainable collab between Adidas and Prada
Adidas has unveiled a new partnership with Prada with a sustainable twist. The new Adidas for Prada Re-Nylon collection consists of a wide range of Adidas Originals products made in Italy with the permanently recyclable Re-Nylon fabric introduced by Prada in 2019, which is made by recycling textile waste and ...
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News briefs
ABG cancels its IPO registration
The Authentic Brands Group has officially withdrawn the application that it had made with the U.S. Securities & Exchange Commission on July 6, 2021 for an initial public offering. ABG, which is still in line to take over Reebok before the end of the current quarter, had indicated in November ...
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News briefs
Eram appoints a new head for its downtown stores
The French footwear retailer Eram has appointed Antony Bâcle to head its retail business, which includes the group’s Eram, Texto, Bocage and Mellow Yellow stores, operating in downtown areas. Bâcle, who has been with the Eram group for nearly 13 years, was previously in charge of operations for the business, ...
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News briefs
Dr. Martens’ main shareholder sells down its stake
IngreLux, a Luxembourg company owned by funds advised by the investment firm Permira, has sold 65 million ordinary shares in Dr. Martens at a price of 395 pence (€4.73-$5.35) each in a placing, raising gross proceeds of approximately £257 million (€307.7m-$347.8m). The price represents a 6 percent discount from the ...
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News briefsCher is the new face of Ugg
Ugg has chosen Cher to feature in its latest marketing campaign. The brand dispatched Neil Favila to the singer’s house in Malibu, California, to photograph her while she meditated, watched movies and discussed her values and social causes. Cher donned Ugg’s Classic Mini and Coquette for the occasion. ...
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News briefs
Expo Riva Schuh has 520 exhibitors confirmed
Expo Riva Schuh & Gardabags, the Italian footwear and accessories exhibition scheduled in Riva del Garda from Jan. 15 to 18, has 520 confirmed exhibitors from 32 countries, mainly Italy, Turkey, Spain, Portugal and India. The exhibitors will be presenting their 2023 autumn/winter collections. The trade show noted that registrations ...
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News briefs
Sergio Rossi to open a store in Milan’s Spiga 26 hub
The Italian shoe maker Sergio Rossi has decided to rent an about 200-square-meter space at the Spiga 26 hub located in the heart of Milan’s fashion district. Sergio Rossi is the second tenant of the real estate project after the brand Moschino, owned by the fashion group Aeffe. The shoemaker’s ...
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News briefs
Aeffe’s managing director leaves
Marcello Tassinari, the managing director of Aeffe, the Italian fashion house that owns Pollini and other brands, reached an agreement for the ”consensual termination” of his employment with the company, with a termination date set on Dec. 31, 2021. Tassinari had been with the company for over 19 years, of ...
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News briefs
Holding Industriale buys 50% of the Italian shoe maker Valmor
Holding Industriale, an Italian investment firm which focuses on small and medium-sized companies, has bought a 50 percent stake in the shoemaker Valmor through its unit Holding Moda. It is Holding Industriale’s first foray into the footwear business. Valmor’s headquarters are in Civitanova Marche, situated in the footwear cluster of ...
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News briefs
JAC obtains Mcs license
The Italian company Just Another Copy (JAC) has obtained a license to produce and distribute men and women’s footwear under the Mcs brand from the next autumn-winter season. JAC was created in February 2021 by the businessman Cesare Pizzuti and the Torresi family, which owns the brand Galizio Torresi. The ...
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News briefs
Data analyst Volumental raises $13m
Volumental, a Swedish firm that helps footwear brands and retailers leverage data to improve in-store and online shopping experiences, has raised $13 million, its largest financing round to date. The financing was led by CNI, a private equity firm based in Stockholm, and provided investors with a minority equity stake. ...
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News briefs
AlgiKnit opens innovation hub in North Carolina
The biomaterials firm AlgiKnit opened on Dec. 15 an innovation hub in Morrisville, located in The Research Triangle area of North Carolina. The company, which produces yarns derived mostly from the seaweed kelp, will begin pilot projects with global brands from the new space in early 2022. The new facility ...
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News briefs
FitFlop uses Rakuten’s new personalized cash back offer
The brand of fashion comfort shoes, FitFlop, is one of the first companies to have used Rakuten’s new personalized cash back service “Personalized Rewards.” Rakuten Americas, the North American division of Rakuten, a Japanese provider of internet and e-commerce services, explained that the service enables brands to make personalized cash ...
