All News briefs articles – Page 156
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News briefs
Lloyd stops production in Germany
Lloyd Shoes, the big German shoe manufacturer specializing in men’s footwear, expects a decline in sales of around 30 percent in the current financial year due to the coronavirus crisis. In response to a reduced demand for business shoes, the manufacturer will stop manufacturing at the Sulingen site in Germany, ...
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News briefs
Boohoo to review UK supply chain as retailers drop brand over pay, conditions scandal
Boohoo, the UK e-tailer and fast fashion brand, has commissioned an independent review of its domestic supply chain and promised to spend £10 million dealing with malpractice after major retailers, including Amazon, Next and Asos stopped stocking its clothes. The review comes as Boohoo deals with allegations of using suppliers ...
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News briefs
Iconic Parisian store Tati closes
GPG, the French retailer which operates under the Gifi banner, has decided to permanently close the iconic cut-price Tati store located in boulevard Barbès in Paris’s 18th arrondissement. The store suffered a 60 percent drop in sales between Oct. 1, 2019 and May 31, 2020 due to the Covid-19 pandemic ...
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News briefs
Leder & Schuh obtains aid from government, banks to relaunch its activity
Austria’s Leder & Schuh has obtained support from the government and a pool of banks to relaunch its activity in the wake of the Covid-19 pandemic. The company described the pandemic as the greatest challenge in its history. All 200 Leder & Schuh stores in nine countries (Austria, Germany and ...
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News briefs
Veja opens circular-economy test shop in Bordeaux
Veja has set up a 250-square-meter test shop devoted to repair and recycling. Called Veja X Darwin and located in the French city of Bordeaux, the shop carries prototypes that never went into production, sneakers with small manufacturing flaws and sneakers from old collections. A workshop will repair and clean ...
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News briefs
Stuart Weitzman exits Japan
Stuart Weitzman, the luxury footwear brand that is part of the Tapestry group, will close all of its three directly operated stores in Japan before the end of August. The American brand, which opened its first Japanese shop in 2018 at Isetan’s department store in Tokyo, does not have any ...
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News briefsCrocs opens new headquarters in Colorado
On June 24, Crocs, opened its new corporate headquarters in Broomfield, Colorado, less than 20 miles from downtown Denver. In addition to the nearly 375 current positions, the some 90,000 square foot facility located in the Atria campus will allow the company to “significantly” expand to hire more full-time employees. ...
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News briefs
Shoe Zone appoints Peter Foot finance director
Shoe Zone has appointed Peter Foot as finance director, with effect from July 6. He will replace Jonathan Fearn, who held the job for over four years and whose resignation has been accepted with effect from July 31. Foot is due to become a board member of the British ...
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News briefs
Spanish government to guarantee €40 billion for digitalization, environment
The Spanish government is guaranteeing €40 billion in new credit lines to underpin corporate investments in digitalization and in green technologies. In March, the government had announced that it would guarantee €100 billion in loans to companies in financial difficulties due to the Covid-19 pandemic. The government is also creating ...
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News briefs
Breuninger to open fully renovated, 11,000-sqm Nuremberg branch in September
The upmarket German department store retailer Breuninger is preparing to open its fully redesigned 11,000 square-meter branch in Nuremberg, in the southern German state of Bavaria, featuring an expanded range of premium and luxury brands as well as two new gastronomic outlets. The re-opening of the department store, redesigned by ...
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News briefsEarth Shoes appoints Jocelyn Thornton VP of product and merchandising
Earth Shoes has appointed Jocelyn Thornton to the new post of executive vice president of product and merchandising and Fred Allard as creative director of product. Before joining Earth Jones, Thornton was senior vice president of creative and merchandising strategy at the fashion and retail consultancy Doneger Group for over ...
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News briefs
La Halle will know its buyer(s) on July 8
La Halle, currently in receivership, will know who are its buyer or buyers on July 8, according to its current owner Vivarte. La Halle received 25 bids for its assets, which represent a significant part of its activity. A Paris-based commercial tribunal will decide to whom the assets will be ...
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News briefs
Marypaz to lay off staff, close stores in Spain
Marypaz, the Spanish maker and retailer of women’s shoes and accessories, is planning to lay off 170 employees, out of a total workforce of 600 as of Dec. 31, 2019, in an effort to limit the damages of the coronavirus crisis. According to reports in modaes.es, the company is also ...
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News briefs
Deckers appoints Victor Luis to its board
Deckers Brands has appointed Victor Luis to its board of directors to replace James Quinn, who has yielded the seat he gained in 2011. Luis was chief executive and a board member of the former Coach from 2014 to 2019, during its transition to a new name: Tapestry. The company ...
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News briefs
LVMH saw ‘rather vigorous’ signs of recovery in June
The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns that second-quarter results ...
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News briefs
Kering to create testing laboratory in Tuscany
The French fashion group Kering is setting up a Test & Innovation Laboratory (TIL) in Prato, Tuscany. It will provide chemical and other tests on products and raw materials for apparel, leathergoods, footwear, eyewear, watches and jewelry. It is scheduled to start operating in the first half of 2021. TIL ...
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News briefs
Farfetch sees Q2 GMW up 25-30% to $605-630 million
The British fashion e-tailer Farfetch expects gross merchandise value (GMV) on its digital platform to increase by 25-30 percent year-over-year in the second quarter and reach $605 million to $630 million. It noted that the acceleration in growth highlights the increase in adoption of “online luxury” by consumers, brands and ...
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News briefs
Golden Goose names Maureen Chiquet chair
Golden Goose has appointed Chanel’s former chief executive Maureen Chiquet as non-executive chairwoman, replacing Patrizio Di Marco. The announcement was made as the British private equity group Permira completed its previously announced acquisition of a majority stake in the Italian producer of upscale sneakers from its U.S. peer Carlyle, which ...
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News briefs
Amazon, Valentino file joint shoe counterfeiting suit
E-commerce giant Amazon and the Italian fashion group Valentino filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting the Valentino Garavani Rockstud shoes and selling them online. The lawsuit was Amazon’s first joint litigation with a luxury fashion brand and Valentino’s first with an online retailer. ...
