All News briefs articles – Page 147
-
News briefs
Permira reportedly hires advisors for Dr. Martens’ IPO
The private equity company Permira has hired Goldman Sachs and Morgan Stanley to organize a possible initial public offering of Dr. Martens, according to media reports. The British private equity company plans to float the footwear company on the London Stock Exchange. Permira bought Dr. Martens from the Griggs family ...
-
News briefsBritons started Christmas shopping in October
Britons started their Christmas shopping early this year, according to data released by the Office for National Statistics (ONS). In October, retail sales volumes increased by 1.2 percent in the U.K. when compared with September, marking the sixth consecutive month of growth. The increased reached 6.4 percent for non-store retailing, ...
-
News briefsSperry names Elizabeth Drori head of marketing
Sperry has appointed Elizabeth Drori as chief marketing officer. Before joining Sperry, which is part of Wolverine Worldwide, Drori worked for nearly three years at Walmart, where she became head of fashion marketing. Prior to Walmart, she was vice president in charge of strategic initiatives and brand marketing at Shoes.com ...
-
News briefsCCC starts 60-minute delivery service in Warsaw
CCC has launched a new service to deliver shoes within 60 minutes. Currently, it is only available in Warsaw, where it is being tested. The service provides for online orders, which are directed to a local store rather than to the company’s warehouse. The goods are then shipped from the ...
-
News briefs
Josef Seibel inaugurates Kenyan factory
Josef Seibel Group inaugurated its factory in Ukunda, Kenya, on Nov. 9. The ceremony was attended by the owner of the group, Carl-August Seibel, and the chief executive Stefan Wentzel. The factory will produce leather school shoes destined to the Kenyan market under the Romika brand. The brand was sold ...
-
News briefs
Schuhe24 buys an online platform for bike dealers
The German Schuhe24 Group, which manages an online marketplace for independent retailers in many sectors, is branching out into the hot bicycle segment by joining Bike-Angebot.de and taking over majority control. That company claims it operates the largest platform for bicycle dealers in Germany, carrying over 25,000 bicycles offered by ...
-
News briefsCaleres names Michael Edwards head of Famous Footwear
Caleres has appointed Michael Edwards as president of Famous Footwear, effective Nov. 20. He replaces Molly Adams, who resigned to pursue an opportunity outside the organization. Edwards joined Caleres in June 2008, most recently serving as senior vice president of digital commerce, planning, allocation and stores. Prior to that he ...
-
News briefs
Cole Haan releases hiking boots and sneakers
Cole Haan has released a new hiking boot as well as a sneaker from its collaboration with the comedian and writer Hasan Minhaj. Introduced back in September, the 4.ZERØGRAND Hiker ($250) comes in men’s and women’s versions and in a number of colorways. The brand calls it its “most advanced ...
-
News briefs
Asos axes commissions to help sellers through new Covid lockdown
British fashion e-tailer Asos is stopping commissions on its marketplace platform to help businesses during the second wave of the Covid-19 pandemic and related lockdown as they face the busy Christmas period. New and existing sellers will pay no commission until the end of the year, Asos said. The move ...
-
News briefsAeffe Q3 sales lifted by delayed shipments
In the first nine months of 2020, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered in its footwear and leathergoods division a decline in sales of 15.4 percent, both on a reported basis and in constant currencies, to €81.9 million because of the Covid-19 pandemic. The ...
-
News briefsHotter owner prepares to sell the company
Electra Private Equity has hired the investment bank Stifel Nicolaus Europe to prepare the sale of Hotter Shoes. The timing of the disposal will be determined over the coming months as trading patterns normalize in Hotter’s new business model focused on direct to consumer channels predominantly in the U.K. and ...
-
News briefs
Mizuno plans lifestyle footwear for Europe
The Japanese sports equipment and sportswear company Mizuno is planning to develop non-sports products like lifestyle footwear for the European market. In the first half of its fiscal year ending on March 31, 2021, Mizuno’s overall revenues declined by 22.5 percent from the year-ago period to 66.2 billion yen (€537.7m-$639.0m). ...
-
News briefsUnichel claims tagging has not eradicated counterfeiting in Russia
The mandatory tagging of shoes has not solved the problem of the wide presence of counterfeit footwear in Russia, according to Ekaterina Zheleznyakova, development director of the shoe producer and retailer, Unichel. So far, the project has only had a negative impact on legitimate businesses, resulting as an additional control ...
-
News briefsFLO enters the Ukrainian market
The Turkish footwear brand FLO Mağazacılık is opening its first store in the Ukraine, in the Ocean Plaza shopping center in Kiev. The company will sell its own and third-party brands, including Kinetix, Polaris, Lumberjack, Butigo, Dockers by Gerli, and Mercedes. In the future, FLO plans to introduce the Nine ...
-
News briefs
Deckers Brands highlights CSR goals and achievements
Deckers Brands has released its Creating Change FY20 Corporate Responsibility and Sustainability Report, in which the group highlights its achievements toward its sustainable development goals during the reporting year from Apr. 1, 2019 to March 31, 2020. Deckers owns a portfolio of footwear, apparel and accessories brands for casual lifestyle ...
-
News briefsMelania changes ownership
Melania Italia, an Italian footwear company specializing in children’s shoes based in the footwear cluster in the Marche region, has been sold by the founding Gironacci family to two investors, F. & C. Gruppo Imprenditoriale d’Investimenti and Società and D’Amico Group Holding & Company. Melania was founded in 1966 by ...
-
News briefsRumbo to close down
The Spanish footwear retailer Rumbo will close down after having failed to reach an agreement with its creditors to relaunch its business. The Murcia-based company has 68 stores and posted sales of about €25 million in 2019. Rumbo went into administration in June, but the court-appointed administrator, the legal firm ...
-
News briefs
Alibaba grows by 30% in Q3
Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). The ...
-
News briefsVRG rebrands Accent stores as Rizzo
Venue Retail Group (VRG) is converting its Accent stores in Sweden and Morris stores in Norway to a new store concept which it has been testing since July 1 and currently has four pilot shops. The pilots have shown “a very positive development and we have received the answers we ...
-
News briefsEurazeo sells stake in Farfetch
The French investment house Eurazeo has sold its minority stake in Farfetch, a London-based online marketplace for fashion and luxury goods brands and multi-brand boutiques present in 190 countries, for net proceeds of €90.4 million. After investing in Farfetch in 2016, Eurazeo said it helped Farfetch to develop business among ...
