All News briefs articles – Page 161
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News briefs
Zalando to appoint Rent the Runway CEO to its supervisory board
The nomination committee of the supervisory board of Zalando has proposed to elect Jennifer Hyman to the board replacing Alexander Samwer, who has been a director since 2013. Hyman is the chief executive and co-founder of the company Rent the Runway, a New York-based online service that provides designer dress ...
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News briefs
A new foundation to advise on sustainable and solid supply chains
A new platform, called the Sustainable Future Foundation (SFF), has been launched to drive economic development in the U.K., U.S., and EU in the new world shaped by the Covid-19 pandemic. The SFF will be advocating and supporting exemplary sustainable practices across the finance, technology, fashion and retail sectors. The ...
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News briefs
Alibaba anticipates a slowdown in sales this year
Alibaba, the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million Yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved its ...
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News briefsFoot Locker closes its German Runners Point chain
Foot Locker said it “intends to consolidate our Runners Point business into our other operations in Europe,” after a year-long assessment of the this chain of running stores, which it had bought from Karstadt in 2003, and the competitive landscape in Europe. The company subsequently indicated that about 35 of ...
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News briefs
LWG’s Deborah Taylor heads to UNECE
Deborah Taylor has started in a new position as consultant for the United Nations Economic Commission for Europe’s (UNECE) project to advance transparency and traceability for sustainable value chains for footwear and garments. Taylor comes to UNECE after serving five years as manager of the Leather Working Group, which includes ...
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News briefs
Johnsons Shoe Company files for creditor protection, seeks buyer
The British family-run retailer Johnsons Shoe Company has fallen victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors. On April 23, Ian Defty and Richard Toone of the accounting and law firm CVR Global were appointed administrators of the company that ...
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News briefs
Aldo closes Irish business
Aldo is winding down its Irish business, the daily The Times reported. The Canadian footwear retailer has filed for bankruptcy protection in Canada, the U.S. and Switzerland, where it has its European headquarters, to restructure. The company has stopped shipping orders to Ireland and has closed its local e-commerce site. ...
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News briefs
Vans helps retailers with “Foot the Bill” initiative
VF Corporation’s Vans brand is seeking to help the small skate shops that have underpinned its success and other local businesses weather the Covid-19 storm. Its “Foot the Bill” customization initiative – which involves the brand’s small business partners designing their own Vans and pocketing the net proceeds from their ...
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News briefs
Wock contributes to Covid-19 fight
Wock, the professional footwear brand owned by the Procalçado group along with the label Lemon Jelly, is donating 3,000 pairs of shoes to healthcare professionals in its home country of Portugal at the forefront of the fight against Covid-19. Under the motto “Somos por ti,” (We are for you), Wock ...
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News briefs
Pasito Fricker is insolvent
Pasito Fricker, the Swiss shoe retailer previously owned by Görtz, has gone bankrupt. The retail chain was experiencing difficulties becaus e of a diversion of shopping tourism from Switzerland to neighboring countries and increasing competition from online retailers. The recent coronavirus-related retail lockdown worsened the situation as the company was ...
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News briefs
Pakistan footwear exports rose by 15.86% in July-March
In the first nine months of its fiscal year that runs to the end of June, Pakistan’s footwear exports grew by 15.86 percent to $104.351 million. Leather footwear exports represented 84.55 percent of the total and increased by 11.26 percent, according to the Pakistan Bureau of Statistics (PBS). During the ...
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News briefs
Havaianas diversifies
Havaianas has launched a full-fledged collection of beachwear, T-shirts and other textile products for spring/summer 2020 on its website in Europe. The Brazilian brand of rubber shoes has also teamed up with Eastpak on a range of co-branded products. The collaboration has resulted in four items in the bright colors ...
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News briefs
CCC’s chairman sells some of his shares
Dariusz Milek, founder and chairman of CCC Shoes & Bags, has reduced the stake he holds in the international Polish-based shoe retailing company indirectly through Ultro Holding of Luxembourg and a subsidiary. He now owns 24.84 percent of the ordinary and preferred shares in CCC, leaving him with 34.98 percent ...
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News briefs
Crowdfunding delivers a new brand of vegan shoe
As Fashion Network reports, a two-year partnership between Lionel Le Floch, the designer behind the Le Flow footwear brand, and Carole Beauverger, co-founder of the showroom Showtime Paris, has produced a new brand of vegan shoes, Supergreen. The brand’s shoes are made of corn fiber, sourced from an Italian producer. ...
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News briefs
Aeffe’s leathergoods business suffers lower profitability in Q1
In the first quarter, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered a decline in the Ebitda of its footwear and leathergoods division to €4.5 million from €6.3 million a year earlier, with the margin narrowing to 14.7 percent from 18.9 percent. The division’s sales fell ...
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News briefs
Paraboot returns to full capacity
Paraboot, the French manufacturer of high-end footwear, has returned to full capacity production from May 4 at its factory in Saint-Jean-de-Moirans. The site closed down following the outbreak of Covid-19 in France but resumed partial manufacturing on April 6 and gradually increased production. The facility has an annual capacity of ...
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News briefs
Former Chanel CEO may head Golden Goose
In view of the change of ownership from the US private equity Carlyle to its British peer Permira, Maureen Chiquet could replace Patrizio Di Marco as chairman of Golden Goose, according to the Corriere Economia, a weekly insert of the daily Corriere della Sera. Silvio Campara will remain chief executive ...
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News briefs
Farfetch continues to grow strongly in Q1 and lose money
The British online fashion retailer Farfetch saw gross sales value rise by 46 percent in the first quarter of 2020 to $610.87 million, while the net loss increased slightly to $79.18 million from $77.69 million a year earlier. Revenue increased by 90 percent to $331.44 million. The gross margin narrowed ...
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News briefs
Boohoo raises £197.7 million as it prepares itself for acquisitions
The U.K. online fashion retailer boohoo is building up a warchest to finance takeover opportunities that are expected to arise in the coming months in the wake the Covid-19 pandemic. The company already has its sights set on potential targets. Boohoo has raised gross proceeds of £197.7 million (€221.5m-$239.5m) through ...
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News briefs
German online shoe sales rose by 5.4% in April
According to a study by the German association for e-commerce and mail order, BEVH, online sales of shoes increased by 5.4 percent year-on-year to €357 million in April. Meanwhile, total online sales in Germany increased by 17.9 percent to €6.82 billion in April. In the first four months of the ...
