All News briefs articles – Page 154
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News briefsAeffe’s leathergoods business H1 sales down by 21.4%
In the first half, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered a decline in sales in its footwear and leathergoods division of 21.4 percent, both on a reported basis and in constant currencies, to €47.7 million due to the impact of the Covid-19 pandemic. The ...
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News briefs
Tamaris introduces single-pair delivery from spring/summer 2021
Tamaris, the shoe brand owned by the Wortmann Group, will allow dealers within the European Union the possibility of reordering individual pairs, beginning with the spring/summer 2021 season. The service called “Endless Aisle” already underwent a pilot phase with Tamaris system partners. It is available only for the reorder business, ...
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News briefs
ANWR Group invests in online seminars to help retailers
The German ANWR Group estimates that orders for the next spring/summer season will be around 30 percent below the average volume of the past years. For this reason, the shoe retailing cooperative recommends its members to be even better prepared than usual and organized an online seminar, “Limit Planning.” A ...
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News briefsKering H1 revenues down by 30%
Revenues of the French luxury goods group Kering amounted to €5,378 million in the first half, down by 29.6 percent year-on-year on a reported basis and by 30.1 percent on comparable structure and exchange rates due to the impact of the Covid-19 pandemic. The recurring operating income fell by 57.7 ...
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News briefs
Ricosta doubles daily production in Germany
The German children’s shoe manufacturer Ricosta has doubled the daily production of shoes at its headquarters in Donaueschingen from 1,000 to 2,000 pairs. With this, the company wants to signal to its trading partners that it is still able to deliver despite the coronavirus crisis and intends to maintain its ...
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News briefs
Timberland hires new VP of global marketing
Timberland hired Drieke Leenknegt in June to be its vice president of global marketing and join its global leadership team. She is succeeding Argu Secilmis, who has become vice president of global apparel. Leenknegt will be liaising with the brand’s marketing regional teams, in the Americas, Asia-Pacific and Europe, the ...
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News briefs
Moda Made in Italy show cancelled
The Moda Made in Italy footwear trade show, that was scheduled to be held Sept. 27-29 in Munich has been cancelled. The March edition of the show had already been abandoned due to the Covid-19 pandemic. The Italian footwear association, Assocalzaturifici, which organizes the event, said that it will continue ...
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News briefs
Santoni to open a store in Milan
Santoni will open a store in Galleria Vittorio Emanuele, Milan’s iconic shopping arcade, which faces the city’s cathedal. In a public tender, the Italian manufacturer of luxury shoes offered to pay an annual rent of €589,000 for the 60-square meter store, which was previously occupied by the Italian fashion brand ...
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News briefs
Canada Goose sends a signal with strategic hire of GM Footwear
Canada Goose appointed Adam Meek to the new role of general manager of footwear & accessories. Meek brings more than 20 years of global footwear experience to this role. Most recently, he served as senior vice president of product at Sperry (Wolverine Worldwide), where he led global product teams in ...
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News briefs
OLG signs five-year license agreement with Elie Saab
Onward Luxury Group (OLG) has signed a five-year licensing agreement with the Lebanese luxury brand Elie Saab for the production and distribution of footwear and leathergoods. The new collections will be available for the spring/summer 2021 season. OLG recently obtained the license for Elie Saab’s ready-to-wear. The first collection will ...
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News briefs
Rumbo has gone into administration
Rumbo has entered into a voluntary arrangement with creditors in an effort to reorganize its business. According to La Verdad, which first reported the news, the case is being processed by the Commercial Court 1 of Murcia, in southeastern Spain, where the multi-brand shoe retail group is headquartered. The legal ...
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News briefs
Showroomprivé launches €10 million capital increase
Showroomprivé, a French online retailer specializing in flash sales, launched a €10 million rights issue guaranteed by its founders David Dayan and Thierry Petit. The proceeds will finance the company’s general expenses. As of May 31, its net cash was €12.7 million. Shareholders can obtain 22 new shares for 17 ...
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News briefs
Ferragamo obtains €250 million financing for ESG objectives
Salvatore Ferragamo has reached a €250 million financing agreement with the leading Italian bank Intesa Sanpaolo to fund environmental, social and governance (ESG) objectives as well as general cash flow needs. The financing is composed of a €125 million term loan credit line expiring in 2025 and a €125 million ...
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News briefs
Luis Onofre re-elected president of Apiccaps
Luis Onofre was re-elected for three years as president of Apiccaps, the Portuguese association grouping manufacturers of footwear, components and leathergoods. Onofre said that at a time when Europe is discussing its reindustrialization it is important that Portugal creates the conditions to ”definitively assert itself as a leader in the ...
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News briefs
Iconix to review alternatives including a sale or merger
Iconix Brand Group, an American manufacturer and retailer of apparel and footwear, is studying “strategic alternatives” to enhance shareholder value, including a potential sale of the company or a merger with another party. The board has authorized management and its external advisors to consider a “broader range of strategic alternatives, ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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News briefs
EU sees trade deal with U.K. as unlikely
Michel Barnier, the European Union’s chief negotiator for Brexit, said he views the possibility of reaching an agreement by the end of the year with the U.K. on the parties’ future trade relations as unlikely, following a new round of inconclusive talks in London. Barnier said there had been little ...
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News briefs
Yoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont, is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the new agreement, which will ...
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News briefs
Bangladesh’s leather footwear exports fall by 21.2% in 2019/2020
Bangladesh’s exports of leather footwear declined by 21.2 percent in the fiscal year ended in June 2020 to $478.75 million. While, exports of other footwear rose by 2.1 percent to $277.13 million. Total exports of Bangladesh’s leather industry declined by 21.8 percent to $797.6 million during the period. Footwear represented ...
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News briefs
Vietnam footwear exports down by 6.7 percent in H1
Vietnam’s footwear exports fell by 6.7 percent to $8.1 billion in the first half of 2020, according to the ministry of industry and trade. The decline was due to a fall in exports in May and June in the wake of disruption caused by the Covid-19 pandemic. In the first ...
