All News briefs articles – Page 133
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News briefs
Shipping giant sees tight market conditions until Q4
The world’s largest container shipping company Maersk expects tight market conditions in maritime transport to continue until the fourth quarter of 2021. When commenting on its trading performance, the company said that “the continued strong performance is mainly driven by the continuation of the exceptional market situation with surging demand ...
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News briefs
Snap paid $124.4 million for Fit Analytics
The American social media company Snap paid $124.4 million to acquire Fit Analytics, a German sizing technology company that powers solutions for retailers and brands, it bought in March 2021. The information was contained in 10-Q form filed with the U.S. Securities and Exchange Commission. Snap added that in 2020 ...
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News briefs
LVMH launches B2B digital platform to sell deadstock
Nona Source, a B2B digital platform specializing in the sale of deadstock at discounted prices, was launched on April 26. It was founded by Romain Brabo, Marie Galguera and Anne Prieur du Perray with the backing of the French luxury goods group LVMH. The platform collects leftover fabric and leather ...
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News briefs
Pretty Ballerinas opens 3rd store in China
Pretty Ballerinas, which belongs to the Spanish company Mascaró, has opened its third store in China. The 53-square-meter store is located in the Shenyang MixC One mall in the city of Shenyang, in the northeast of the country. The brand already has stores in Beijing and Shanghai.
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News briefs
Argentina imposes display of local sizes from July 31
The Argentine government has set July 31 as the deadline for footwear manufacturers and retailers to display local sizes on shoes and boxes. Companies failing to comply will be sanctioned. The measure aims at providing clearer information to consumers as well as boosting the local production of footwear.
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News briefs
Beira Rio to build a factory in Argentina
The Brazilian shoe maker Calçados Beira Rio plans to build a factory with an annual production capacity of 3 million pairs in the north of Argentina. The facility will supply the Argentine and international markets. It will be Beira Rio’s first manufacturing unit outside Brazil. The company has 11 manufacturing ...
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News briefs
Alber Elbaz dies
Richemont announced the death of Alber Elbaz at the age of 59. In October 2019, the Swiss luxury goods company entered a joint venture with the designer which led to the creation of the brand AZ Factory. According to media reports, Elbaz died of Covid-19. Elbaz is best known for ...
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News briefs
Ferragamo’s shareholders elect a new board
Salvatore Ferragamo’s shareholders elected on April 22 the new board which will be in place for the next three years. The board immediately appointed Leonardo Ferragamo as non-executive chairman. He replaces his brother Ferruccio, who held the job for 15 years. The company confirmed Michele Norsa as executive vice chairman ...
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News briefs
Hermès’ leathergoods sales up by 18% in Q1
The revenues of the French luxury goods group Hermès totaled €2,084 million in the first quarter, an increase of 44 percent year-on-year at constant exchange rates and 38 percent at current rates driven by Asia. The organic revenue growth was 33 percent. At constant currency rates, sales in Asia, excluding ...
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News briefs
Italy to reopen trade shows as soon as June 15
On April 21, the Italian cabinet approved to reopen trade shows from June 15 and conventions and congresses from July 1, after having been suspended due to the Covid-19 pandemic. The reopening of trade fairs could occur sooner than previously announced. Initially, the Industry Minister Giancarlo Giorgetti had indicated a ...
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News briefs
Salomon launches a recyclable shoe
After three years of R&D – largely to find separable materials – the French sports equipment manufacturer Salomon is introducing this spring its first recycled and recyclable shoe, a road-running model designed to balance performance against the demands of the circular economy. The 285-gram Index.01 has the R.Camber rockered design ...
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News briefs
VF Corp. appoints new CFO
VF Corp. has promoted Matt Puckett to the position of executive vice president and chief financial officer, reporting to VF’s CEO, Steve Rendle, and serving on the company’s executive leadership team. Puckett joined VF in 2001 as a senior accountant in the finance department. In the following years, he held ...
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News briefs
New chief marketing officer for Vans
Vans has appointed Kristin Harrer as chief marketing officer. Described by the company as a “true brand expert in digital and direct to consumer experiences,” Harrer held senior marketing positions in the last four years at Samsung Electronics and the Dollar Shave Club of Los Angeles. Prior to that, she ...
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News briefs
European Parliament to vote on Brexit deal April 27
On April 27, the European Parliament will vote on the post-Brexit trade deal agreed between the EU and the U.K., its spokesman, Jaume Duch, said on Twitter. EU lawmakers are expected to clear the deal, which faces an end-April deadline for approval and was backed last week by parliamentary committees. ...
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News briefs
Eobuwie.pl opens a new distribution center in Bucharest
Eobuwie.pl, an online retailer owned by the international Polish-based shoe manufacturer and retailer CCC, is opening a new logistics center in Bucharest to cover Romania, Bulgaria and Greece. The facility will have a storage capacity of 1.5 million pairs of shoes and the first shipments are scheduled for June ...
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News briefsKering Q1 comparable sales up 25.8%
Kering’s revenues rose by 21.4 percent year-over-year in the first quarter to €3,890 million, with comparable sales up by 25.8 percent driven by Asia-Pacific and North America. The top line grew by 5.5 percent at constant exchange rates against the first quarter of 2019. Comparable revenues generated by the group’s ...
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News briefs
Russia appeals less to foreign brands
A research by CBRE indicated that international brands have partly lost interest in the Russian market due to the Covid-19 pandemic. In the first quarter of 2021, only three fashion brands entered the country: Ecco Kids, Shikkosa and Accessorize. This is estimated to be the lowest number since the 2014 ...
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News briefs
Birkenstock opens 3rd U.S. store
Birkenstock has opened its third U.S. store in Brooklyn’s Williamsburg neighborhood. “Williamsburg, Brooklyn is the perfect neighborhood to celebrate and interact with our brand fans in the area. It is a vibrant place unlike any other and serves a new generation of families and urban creatives,” said David Kahan, CEO ...
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News briefs
Bleyer files for insolvency
Bleyer, a German producer of sports shoes for special activities, has filed for temporary insolvency because of cash problems caused by the coronavirus pandemic. The company, which employs 21 people, and its web store will continue to operate like before, hoping that the current restrictions on sports and dance events ...
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News briefs
Lloyd Shoes opens a concept store in Vienna
The German shoemaker Lloyd Shoes has opened an 88 square-meter concept store in Vienna’s central Kärntner Strasse. The store offers shoes, accessories and leather jackets for women and men. In order to build up brand awareness in Vienna, the company also created a Lloyd shop-in-shop in the Salamander footwear store ...
