All News briefs articles – Page 142
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News briefs
HIM to produce footwear under the Plan C brand
High Italian Manufacturing (HIM) has obtained the footwear license for Plan C, a brand founded and designed by Carolina Castiglioni. The collaboration starts with the autumn/winter 2021-2022 collection. Plan C is currently distributed in nearly 120 stores spread over 20 countries. With the partnership, the brand will benefit from HIM’s ...
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News briefs
Elisabet signs a license agreement with Manila Grace
Elisabet, the manufacturer of children’s shoes based in Monte Urano, in Italy’s Marche region, has signed a multi-year license agreement to produce under the Manila Grace brand. The collaboration will start with the international distribution of the autumn/winter 2021-2022 footwear collection of Manila Grace Girl. Manila Grace is an Italian ...
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News briefs
Wildberries faces strong demand for traditional Russian footwear
In the first weeks of 2021, Wildberries, Russia’s largest online retailer, registered a hike in demand for traditional Russian winter shoes such as felt boots and galoshes. According to the company, in early January demand in this segment grew by 60 percent compared to the same period in 2020. The ...
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News briefs
U.S. customs is withholding cotton and tomato products from Xinjiang
The U.S. government is increasing its pressure on Chinese interests and authorities to stop engaging in labor practices that violate basic human rights. The U.S. Customs and Border Protection (CBP) agency has issued a third Withhold Release Order (WRO) for cotton products and tomato products produced in Xinjiang, China. ...
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News briefs
EU updates supplier/wholesaler/retailer regulations
The European Commission is sounding out companies involved in the sale and distribution of consumer goods and their trade associations to provide input for the reform of a set of guidelines governing dealings between suppliers, wholesalers and retailers. First issued in 2010 and called the Vertical Block Exemption Regulation – ...
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News briefs
Wildberries enters the German market
Wildberries, Russia’s biggest online retailer, has just rolled out its online store in Germany (de.wildberries.eu). Germany brings the number of markets in which the company operates up to ten. Wildberries began its expansion in Europe in 2020, starting with an online store in Poland. Most recently, it also entered the ...
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News briefsRecord sales for Polygiene
In a business update, Polygiene said its sales for the fourth quarter soared by 41.4 percent to a record 26.9 million Swedish kronor (€2.7m-$3.2m) in the fourth quarter of 2020. The company added that Addmaster, its newly acquired British subsidiary, had even stronger growth. Sales to Polygiene excluded, Addmaster’s revenues ...
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News briefs
Mytheresa IPO to raise $407m
The initial public offering (IPO) of the parent company of Mytheresa, a Munich-based online retailer of luxury fashion, is due to raise nearly $407 million. The transaction values the company $2.2 billion. The company started trading on the New York Stock Exchange on Jan. 21 and the offering is expected ...
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News briefs
DB Schenker resumes shipments to the U.K.
On Jan. 21, the German logistics group DB Schenker resumed shipments to the U.K. from the European Union after having suspended them for over a week due to the red tape introduced after the U.K. left the single market on Dec. 31. The company, which is owned by the German ...
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News briefs
Italian post office buys a Chinese e-commerce services provider
The Italian postal and financial services group Poste Italiane and Cloud Seven Holding have signed a binding deal to reinforce their partnership in e-commerce services between Italy and China. Under the deal, Poste Italiane will buy 51 percent of the voting capital of Sengi Express, a wholly-owned unit of Cloud ...
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News briefsCVC reportedly in talks to buy Birkenstock
The private equity CVC Capital Partners is in talks to buy Birkenstock, according to the news agency Bloomberg. Citing people familiar with the matter, Bloomberg said that the family-owned shoe maker could be valued more than €4 billion including debt. No final decision has been made and talks may not ...
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News briefs
Philippe Zorzetto launches sneakers with Sessile
The French shoe designer Philippe Zorzetto is launching a line of recyclable sneakers in collaboration with Sessile, a brand created by La Manufacture 49, the manufacturing unit of the French footwear retailer Eram. The sneakers will be available from March 2 at Philippe Zorzetto’s store in Paris and a handful ...
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News briefsDr. Martens’ listing is scheduled early February
The British shoe maker Dr. Martens confirmed its intention to undertake an initial public offering, which is expected to be completed early February with the listing on the London Stock Exchange. The offer will comprise the sale of existing shares by IngreLux, a Luxembourg company owned by funds advised by ...
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News briefs
Spyder diversifies into footwear
The lifestyle, ski and outdoor brand Spyder has partnered with Footwear Unlimited, a U.S. full-service company that designs, manufactures and distributes footwear. With the launch of its own shoes, Spyder is rounding out its head-to-toe offerings for men and women. According to the brand the new collection fuses elements of ...
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News briefsSchuh reports strong holiday comparable sales
Genesco said that comparable sales, including both stores and direct sales, fell by 3 percent during the eight weeks ended Dec. 26, 2020. Same-store sales decreased by 14 percent, while e-commerce revenues surged by 49 percent on a comparable basis during the period. Comparable sales results exclude periods of time ...
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News briefs
Argentine tannery Curtiembres Fonseca changes ownership
The Argentine tannery Curtiembres Fonseca was taken over by a group of local investors. The company said that the transaction ensures the continuity of the business and that contracts with customers and suppliers will be honored and jobs maintained. The new president of the board, Raúl Zylbersztein, indicated that he ...
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News briefs
Camel Active Footwear changes sales manager
Markus Roth quit his job as sales manager of Camel Active Footwear at the end of December. The decision was reached by mutual agreement with HC Footwear, a unit of Hamm Market Solutions which holds the Camel Active license for footwear. His position is taken over by Claus Gese, the ...
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News briefsGallery Fashion & Shoes goes digital, Gallery Fashion & Shoes postponed
As Germany moves to extend its current lockdown in a bid to curb rising Covid-19 infections, a new wave of postponements and cancellations hits the trade fairs sector. Trade fair organizer Igedo announced that its Gallery Fashion & Shoes event, originally scheduled to be held from March 7 to 9, ...
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News briefsSteve Madden names Maria Teresa Kumar to the board
Steve Madden has appointed María Teresa Kumar to the board of directors. With this appointment, the board expands to ten directors, eight of whom are independent. Kumar will be a member of the company’s corporate social responsibility committee. Kumar is the president and CEO of Voto Latino, which she co-founded ...
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News briefs
Yue Yuen’s manufacturing revenues fall by 27%
Yue Yuen’s revenues from footwear manufacturing fell by 27 percent in terms of U.S. dollars in 2020, including a drop of 16 percent in December. The group’s retail subsidiary, Pou Sheng, improved its sales by 1 percent thanks to a strong finish of the year, with sales up by 11 ...
