All News briefs articles – Page 12
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News briefs
German consumers prefer to shop in the city center, HDE survey shows
Consumers in Germany prefer high street shopping, a report from the German trade association HDE showed, with over half of those surveyed putting the brick-and-mortar shopping experience above online shopping. Despite growing online sales, people between 16 and 29 years old in particular view high street shopping opportunities as ...
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News briefs
Leder & Schuh secures the Delka brand
The Austrian shoe retailer Leder & Schuh, owner of Humanic and Shoe4you, has taken over the trademark rights of the Austrian footwear retail banner Delka from Ara. The parties have agreed not to disclose the details of the transaction. Established in 1907, Delka filed for bankruptcy in the summer ...
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News briefs
Asso buys the Janet&Janet brand
The Italian shoe maker Asso has acquired Janet&Janet, a women’s footwear brand, from Sthart. Founded in 1987 by Silvano Donati and Sauro Silenzi in the Fermo footwear manufacturing district, in the Italian Marche region, Asso specializes in children’s shoes. In 2019, the company diversified into the adult segment by buying ...
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News briefs
Lululemon plans to launch men’s footwear in Q1
Lululemon is “gearing up” to launch men’s footwear in the first quarter of 2024 as part of the brand’s effort to attract more male clients, said the CEO, Calvin McDonald, during a conference call with financial analysts. The Canadian producer of performance apparel for yoga, running and training entered the ...
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News briefs
Birkenstock opens a store in Miami
Birkenstock has opened its fifth store in the U.S. in Miami. “Deepening our retail footprint is an important pillar of our long-term growth strategy. We currently have 47 shops around the world. In the U.S., for example, we have some 6,600 doors, but run only five own stores. So there’s ...
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News briefs
Ponto brand president leaves after six months
About six months after being appointed brand president, Barry McGeough has left Ponto, a footwear brand based in Encinitas, California, to join AmeriCo Group, a U.S. manufacturer, merchandiser and marketer of men’s and women’s branded and private label sportswear, activewear, underwear, loungewear and hosiery. McGeough previously held leadership roles ...
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News briefs
Louboutin sets up a joint venture in India with ABFRL
Christian Louboutin is joining forces with the Indian company Aditya Birla Fashion and Retail Limited (ABFRL). Under the deal, the French brand of luxury footwear will transfer its Indian business into a newly incorporated subsidiary of ABFRL, in which the partners will have equal stakes. Alexis Mourot, Christian Louboutin’s group ...
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News briefs
Kering buys 30% of Valentino
On Nov. 30, Kering completed the acquisition of a 30 percent shareholding in Valentino following clearance from the antitrust authorities. The french conglomerate had announced the purchase of the stake in the Italian fashion house on July 27, 2023. Kering bought the stake from the Qatari group Mayhoola for €1.7 ...
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News briefs
Russia is considering banning parallel imports of Western goods
The Russian government is considering banning parallel imports of a broad range of Western non-food goods. The restrictions could be similar to the Russian food embargo imposed by Russian President Vladimir Putin in 2014, said the deputy Russian Industry and Trade Minister, Victor Evtukhov. The ban stopped the import of ...
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News briefs
Bogner and Cappelletti extend footwear licensing partnership
The sports fashion company Willy Bogner and the Italian manufacturer Cappelletti are extending their licensing agreement for Bogner’s footwear ahead of schedule. The licensing partnership between the two family companies has been in place since November 2010 - one of the longest-running partnerships in Bogner’s license portfolio - and, ...
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News briefsAerosoles signs licensing agreement with Maze for women's pants
Aerosoles signed a new licensing agreement with Maze Collections for the distribution of women’s pants. The partnership follows Aerosoles’ expansion into sleepwear earlier this year and “marks a strategic move into the apparel industry, introducing a line of work-appropriate career pants designed to redefine workplace comfort,” it said. Aerosoles, which ...
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News briefs
Zegna sees sales up over 10% annually in the medium term
Zegna aims for a compound annual growth rate (CAGR) in revenues at group level of over 10 percent in the medium term and adjusted Ebit growth of around 20 percent. “This will generate significant cash surplus even while taking into consideration higher, targeted investments in marketing and capital expenditure to ...
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News briefs
Frasers increases its stake in Boohoo to over 17%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 17.22 percent from 16.50 percent, according to a stock exchange filing. The British retailer has been gradually building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an ...
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News briefs
Tod’s appoints Matteo Tamburini as creative director
The Tod’s brand has appointed Matteo Tamburini as the new creative director of its women’s and men’s collections. He will be presenting his first women’s collection for autumn/winter 2024-2025 at Milan’s next fashion week in February 2024. The appointment comes five months after the departure of Walter Chiapponi, who became ...
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News briefs
New chief marketing officer for Merrell
Merrell appointed Pallav Tamaskar as its new chief marketing officer (CMO), effective Nov. 30. As CMO, Tamaskar will be responsible for leading Merrell’s global marketing strategy and “directing the creation of modern and integrated global marketing campaigns, elevating full-funnel media planning, and driving cultural relevance through innovative product collaborations and ...
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News briefs
SMCP enters the Indian market
SMCP, the French fashion group which owns the brands Sandro, Maje, Claudie Pierlot and Fursac, is entering the Indian market thanks to a partnership with Reliance Brands. Under the deal, Reliance Brands becomes the exclusive distributor for Sandro and Maje in the country.
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News briefs
Caleres hires a new SVP of international
Erica Mackoul has joined Caleres as senior vice president of international. In this role, Mackoul and her team will partner with Caleres brand portfolio leadership to target and drive strategic growth initiatives globally, with a specific focus on the group’s four lead brands - Sam Edelman, Allen Edmonds, Naturalizer and ...
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News briefs
Foot Locker expands to India
The U.S. specialty athletic retailer Foot Locker has entered into a long-term partnership with Metro Brands Ltd. and Nykaa Fashion to enter the Indian market. While Metro Brands will have exclusive rights to own and operate Foot Locker stores in India, Nykaa Fashion will be the exclusive e-commerce partner to ...
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News briefs
Permira reportedly picks the banks for Golden Goose's IPO
The private equity Permira has selected the pool of banks that will arrange the initial offering (IPO) of Golden Goose, according to the dailies Financial Times and Il Sole 24 Ore. The coordinators of the IPO are JP Morgan, BofA Merrill Lynch and Mediobanca. Il Sole 24 Ore does not ...
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News briefs
JD Sports in partnership with Instacart for same-day deliveries in North America
JD Sports Fashion and Instacart have entered a partnership to launch same-day delivery from more than 500 JD Sports and Finish Line stores in North America via the Instacart app and website. ”JD Sports is one of the first sports-fashion retail partners to leverage Instacart’s technologies, giving customers access to ...
