All News briefs articles – Page 135
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News briefs
Italian footwear industry beyond “critical level”
The situation of the Italian footwear industry is beyond the “critical level” because of the impact of the Covid-19 pandemic, according to Siro Badon, the chairman of the Italian footwear association Assocalzaturifici. Last year, the production of Italian shoe makers fell by 27.1 percent in volume and by 25.2 percent ...
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News briefs
The Russian shoe maker Skorokhod may go bankrupt
The Russian packaging firm Petropack has filed a court case demanding that Skorokhod, one of the largest footwear factories in the country’s northwest, be declared bankrupt for having failed to settle deliveries. Petropack’s claim has been published in the Russian database of arbitration cases. The amount of the liability has ...
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News briefsObuv Rossii’s profit slumped in 2020
Obuv Rossii’s revenues in 2020 decreased by 21.4 percent to 10.772 billion rubles (€119m-$140m) from 13.702 billion rubles (€152m-$179m) in 2019 due to the impact of the Covid-19 pandemic. In April 2020, all the company’s stores were closed due to a pandemic-related lockdown and part of them opened in May-June. ...
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News briefs
Vibram North America undergoes management changes
Italian outsole specialist Vibram has announced several changes to its North American leadership team. It said this is part of its long-term organizational strategy to align the company for growth. Tammy Vrahopoulos, a former Deloitte employee and HR strategy consultant, has been hired as the company’s VP of human ...
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News briefs
Sale of 65% of Garmont completed
Garmont International reported that the previously announced acquisition of a 65 percent stake in the company’s share capital by Milan-based Riello lnvestimenti Partners SGR has been finalized. Of the remaining 35 percent of the company, Pierangelo Bressan, the current president and CEO, holds a 30 percent stake. He will continue ...
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News briefs
U.S. patent office finds Timberland’s iconic boot design too generic
The U.S. Patent Office’s Trademark Trial and Appeal Board denied a bid by VF Corp. to register the design of Timberland’s iconic Yellow Boot, concluding that it lacks sufficient acquired distinctiveness. The board noted that there was no evidence that competitors were trying to intentionally copy the boot’s trade dress, ...
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News briefs
Chiara Ferragni joins Tod’s’ board
Tod’s appointed the 33-year old Italian entrepreneur, fashion influencer and blogger Chiara Ferragni to its board in an effort to better approach young consumers. The news boosted Tod’s’ share price by 14 percent and added about €100 million to its market capitalization. The Italian footwear company said it is “certain” ...
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News briefs
Asos issues a £500 million convertible bond
The U.K. online fashion retailer Asos is selling £500 million (€577.5m-$686.6m) in senior unsecured guaranteed convertible bonds due in 2026. The bonds are being offered by the company’s wholly-owned subsidiary Cornwall. The proceeds will be used to fund the company’s global growth, as well as the acquisition of Topshop brands ...
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News briefsBoohoo adds fourth UK warehouse to expand capacity
Boohoo has acquired access to a fourth warehouse to support its expansion, increasing the British online fast-fashion retailer’s annual sales capacity to more than £4 billion (€4.62bn-$5.5bn) on aggregate.The company has signed a long-term lease on the former Arcadia distribution center site in Daventry, Northamptonshire, which was bought out of ...
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News briefs
HandsFree Labs gets $3 million in funding round
HandsFree Labs, the Utah-based company that partnered with Nike to create the Go FlyEase laceless clog due to become available on nike.com on Apr. 30 for $120 per pair, has raised $3 million in a new round of funding led by the Frazier Group. The hands-free footwear technology company had ...
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News briefs
Saucony appoints Fábio Tambosi as chief marketing officer
Saucony has announced the appointment of Fábio Tambosi as its new chief marketing officer, effective immediately. Tambosi has more than 18 years of experience in global brand-building, most recently serving as Adidas’ global head of brand, planning and activation for its Sports Performance categories. Prior to Adidas, he served as ...
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News briefs
Ferragamo’s creative director leaves
Salvatore Ferragamo’s creative director Paul Andrew will leave the company in May to pursue other professional opportunities. The Italian luxury goods company said that the existing in-house team will be entrusted with creation and design. “After five years, with pride and a heavy heart, I’ve decided it’s time for a ...
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News briefs
H&M plans layoffs, store closures in Spain
Hennes & Mauritz (H&M) intends to lay off more than 1,000 workers in Spain who are now under furlough due to the Covid-19 pandemic, according to the Spanish union Comisiones Obreras (CCOO). The Swedish apparel retailer “informed employee representatives of the launch of a redundancy plan which it said will ...
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News briefs
Some 150 exhibitors have registered for Gallery Shoes
About 150 exhibitors representing some 350 brands are currently registered for the special edition of Gallery Shoes & Fashion Industrial Showroom that will take place April 18-20 at the Areal Böhler venue in Düsseldorf. The event will be held in three halls of the venue. Premium shoes will be located ...
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News briefs
Schuhplus to open a store in Leipzig station
Schuhplus, the German mail-order retail specialist for extra-large men’s and women’s shoes, is scheduled to open in May a 125 square meter store in Leipzig’s main railway station. The station has about 70,000 passengers a day and ranks as Europe’s best, according to the European Railway Station Index for 2021. ...
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News briefs
Riri makes recycled poly the standard for its zipper range
Riri Group, a Swiss fashion accessories manufacturer with zipper and button brands Riri, Meras and Cobrax, is introducing the use of recycled polyester as the production standard for its zipper range. Riri’s slogan “Excellence in Details” becomes “Sustainability in Details,” representing the company’s commitment to putting sustainability first. By using ...
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News briefs
Lycra introduces fibers made from 100% textile waste
The Lycra Company has developed its first performance products made from 100 percent textile waste. The Coolmax EcoMade and Thermolite EcoMade are the results of a partnership with Itochu Corp., one of the largest general trading companies in Japan, with strength in consumer-related sectors, including the textile business. The integration ...
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News briefs
Lenders take control of Sequential’s board
Four out of the eight members of Sequential Brands Group’s board of directors have resigned as required by the extension until Apr. 19, 2021 of a credit agreement with Wilmington Trust and other lenders. The remaining members on the board represent mostly lenders such as KKR and Blackstone Group. The ...
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News briefs
Cuir Invest buys a stake in Souliers Martinez
The investment fund Cuir Invest, focused on the leather and footwear sectors, has invested in the French shoe maker Souliers Martinez, which was created in 2017 buy Julien Martinez. The fund will help the development of the brand which is already sold worldwide through selected resellers and department stores, as ...
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News briefs
Icicle, Veja join forces to produce sustainable shoes
The Chinese fashion brand Icicle has joined forces with the French footwear company Veja to produce two models of eco-friendly sneakers. The shoes will retail between €95 and €125 a pair and will be available on the brands’ websites from April 15 and in their stores when Covid-19 related health ...
