All News briefs articles – Page 166
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News briefs
Tod’s owners help healthcare workers’ families
In an appropriate gesture of solidarity, the family of Diego and Andrea Della Valle, which controls Tod’s, has reportedly allocated €5 million to support the families of healthcare workers who have lost their lives in the fight against Covid-19. The funds will be managed by Protezione Civile, a department of ...
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News briefs
Tourism drought expected to reduce European luxury sales
LVMH said it expects revenues to drop by 10 to 20 percent year-on-year in the first quarter of 2020, as restrictions to combat the Covid-19 pandemic have forced the group to close production sites and stores in several countries. Separately, the bank RBC Europe said that overall global retail sales ...
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News briefs
Rhenoflex names Marco de Gier director of marketing and sales
The German shoe component manufacturer Rhenoflex has appointed Marco de Gier as its new director of marketing and sales for global footwear. His task will be to guarantee “further professionalization of the global sales operations of the Rhenoflex Group, the expansion of international customer relations in the US, Europe and ...
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News briefs
Sanita donation
Sanita, the brand specializing in professional clogs, has announced that it will be donating a part of every purchase from April 3 through the end of the month to support medical providers and hospitality workers, in connection with the ongoing coronavirus crisis. These professional categories also happen to ...
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News briefs
Neiman Marcus debt ‘unsustainable’
The credit rating of the iconic American department store was downgraded by S&P as the U.S. retailing industry suffers the impact of the novel coronavirus Covid-19 pandemic. Meanwhile, Moody’s cut its rating for J.C. Penney.
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News briefs
Havaianas for healthcare workers
Alpargatas, the Brazilian group that owns the Havaianas brand, has converted its production lines to produce clogs for the medical sector. The company will donate 18,000 pairs of shoes designed for use by healthcare professionals in São Paulo hospitals, made in the Havaianas factories in place of flip-flop sandals. Through ...
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News briefs
France faces a significant rise in bankruptcies
A French legal information provider Infolegale, said that France faces the risk of experiencing a first “significant” wave of corporate bankruptcies from the end of April as the most fragile companies succumb to the economic impact of the Covid-19 pandemic. Based on bankruptcy rulings issued between April 1 and 3, ...
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News briefs
Clarks plans to permanently close some U.K. stores
Clarks intends to permanently close a “small number” of stores, which will not reopen after a nationwide lockdown is lifted in the U.K. The footwear company has 347 stores in the country, which were all closed due to the Covid-19 pandemic. According to the daily The Sun, Clarks could permanently ...
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News briefs
Foschini to forgo rent payments during South African lockdown
The South African retailer Foschini has said that it will not pay rent on its stores during the nationwide Covid-19 lockdown that began on March 27. “Once the situation normalizes we will then be able to assess the full financial impact on the business and will engage with you further,” ...
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News briefs
Portuguese footwear factories are producing masks
Several footwear companies in Portugal’s northern towns of Felgueiras, Oliveira da Azemeis and São João da Madeira are temporarily replacing the production of footwear with the manufacturing of medical masks, according to the website of the country’s footwear association, Apiccaps. The equipment will be donated to healthcare professionals and nursing ...
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News briefs
Aeffe’s share buyback
While many companies have dropped or suspended share buybacks to withhold cash because of the uncertain impact of the Covid-19 pandemic, Aeffe, the owner of Pollini and various fashion brands, has being purchasing its own shares in the latter part of March and early April. The last batch of shares ...
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News briefs
Ferragamo contributes to renovation of Florentine hospital
In a move intended to alleviate the healthcare problems caused by Covid-19, Salvatore Ferragamo and a Florentine foundation have financed the renovation of two wards of a disused hospital in Florence, I Fraticini, which now has 60 beds for patients recovering from the novel coronavirus or who need to be ...
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News briefs
European TCLF training
The European Confederation of the Footwear Industry (CEC) has announced a series of new training programs related to eight new and/or upgraded occupations, within the framework of the EU-funded project Erasmus+ “Skills4Smart TCLF Industries 2030 Blueprint.” The acronym “TCLF” stands for Textile, Clothing, Leather, and Footwear sectors. The training courses ...
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News briefs
Sergio Rossi dies at 84
The iconic footwear designer Sergio Rossi, founder of the eponymous firm, died on April 2. He had been admitted to the intensive care unit of the Bufalini hospital in Cesena, Italy, after contracting the novel coronavirus, which has heavily affected the country. The son of a shoemaker, Rossi was born ...
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News briefs
Confindustria asks landlords to postpone rents
The Italian government having halted most commerce until April 3, Confindustria Moda has written to commercial landlords asking them to postpone the payment of rents or renegotiate leases for the Italian fashion retailers it represents. The association’s president, Claudio Marenzi, worries that the situation in Italy is far from resolved ...
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News briefs
Ferragamo acquires Arts
For about €15 million, Salvatore Ferragamo is buying the whole capital of Arts, an Italian company in Scandicci, near Florence, that specializes in the production of prototypes, engineering, quality control and the monitoring of suppliers for the production of men’s shoes. The owner of Arts is Gerry Ferragamo, a nephew ...
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News briefs
Global bankruptcies expected to rise by 25% this year
Global bankruptcies are expected to rise by 25 percent this year because of an economic recession triggered by the Covid-19 pandemic, according to a new forecast released by Coface. The French credit insurer’s forecast assumes a gradual economic recovery starting in the third quarter and rules out a second wave ...
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News briefs
European Social Innovation Competition
The European Commission is seeking sustainable fashion ideas. This year’s European Social Innovation Competition has the theme “Reimagine Fashion: Changing behaviors for sustainable fashion,” and is seeking early-stage initiatives to reduce fashion’s environmental footprint and improve its societal effects. Solutions must be scalable at the local, national or European levels. ...
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News briefs
Bally unveils phase two of Peak Outlook
Bally – one of several footwear brands to have signed the Fashion Pact, an initiative conceived by the Macron administration in France and entrusted to François-Henri Pinault, chairman and chief executive of Kering – has unveiled the second phase of its Bally Peak Outlook, launched in 2019. Bally has now ...
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News briefs
Global Fashion Agenda expands
The Swedish non-profit organization Global Fashion Agenda is further strengthening its group of Associate Partners by welcoming three new companies: TAL Apparel, VF Corporation and Zalando. Global Fashion Agenda is a leadership forum for industry collaboration on fashion sustainability and the organizer of the renowned Copenhagen Fashion Summit. It seeks ...
