All News briefs articles – Page 183
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News briefs
Bally, the big Swiss shoe company purchased last year by...
Bally, the big Swiss shoe company purchased last year by the Chinese Shandong Ruyi Group, has opened a new flagship store in the fashion district of Milan. Named Bally Haus in the German language, it occupies more than 600 square meters on three floors on the corner of Via Montenapoleone ...
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Toru, an autonomous robot that Zalando is using to pick...
Toru, an autonomous robot that Zalando is using to pick shoe boxes from the shelves of its warehouses, has completed its test phase at the German e-tailer's logistical hub in Erfurt, Germany. Next up are a pilot phase at the company's warehouse in Lahr and, if that is successful, deployment ...
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Viking Outdoor Footwear has reintroduced an archive style to celebrate...
Viking Outdoor Footwear has reintroduced an archive style to celebrate its 100th birthday in 2020. It is a style from 1974, called Retro Trim, in suede with a white retro rubber sole and sideflash. It is available in size 30 for kids and up to size 47 for adults.
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Anbessa, an Ethiopian footwear manufacturer, has purchased at auction the...
Anbessa, an Ethiopian footwear manufacturer, has purchased at auction the defunct Habesha tannery in the Ethiopian city of Bahir Dar, some 500 kilometers north of Addis Ababa. The tannery produced crust for export from 2011 to 2019, when it ceased operation and was seized by banks. Anbessa says that it ...
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Cole Haan, the American footwear brand sold by the Nike...
Cole Haan, the American footwear brand sold by the Nike group to Apax Partners in 2013, is readying a public offering on the stock exchange, according to Bloomberg. The news agency reported that the company's revenues rose by 14 percent to €687 million in the financial year ended in June ...
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Carlyle is believed to have hired Bank of America Merrill...
Carlyle is believed to have hired Bank of America Merrill Lynch to evaluate whether to sell Golden Goose, the Italian producer of upscale sneakers, or to list it on the stock exchange, according to the daily Il Sole 24 Ore. The company is expected to be worth about €1 billion ...
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Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen...
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen and Dupé, is selling its Argentinian subsidiaries for the equivalent of about €3.3 million. The deal follows an agreement that the Brazilian footwear manufacturer reached in September 2018 to sell 22.5 percent of the businesses behind its Topper brand, both ...
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Italian retail sales of all kinds of products to U.S....
Italian retail sales of all kinds of products to U.S. shoppers increased by 10 percent in the May-July 2019 period as compared to the same period in 2018, according to the data collected by Global Blue on VAT refunds. U.S. shoppers took over the second spot after Chinese tourists, which ...
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The Alibaba Group, the owner of Tmall, is further extending...
The Alibaba Group, the owner of Tmall, is further extending its reach with the acquisition of Kaola from NetEase for the equivalent of $2 billion. Kaola is an internet platform specialized in selling foreign luxury goods and other premium products – such as watches, electronics, beauty products and wines – ...
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Patrick Puy, the president Vivarte, has indicated once again the...
Patrick Puy, the president Vivarte, has indicated once again the likelihood that its creditors will take over the embattled French retail group, whose only remaining assets are La Halle, Caroll and Minelli. The reason is that it will not be able to pay back loans of €300 million by the ...
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VF Corp. is once again holding its “Purpose Days” program....
VF Corp. is once again holding its “Purpose Days” program. During the week of Sept. 9, some 500 employees in Europe, the Middle East and Africa (EMEA) have been volunteering their time for various activities to support their communities. Working with non-profit organizations, the American lifestyle company, which owns many ...
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After covering the next Micam show in Milan, Marianne Müller will...
After covering the next Micam show in Milan, Marianne Müller will be stepping down as editor of the Danish shoe magazine Sko Shoes and More after 27 years. She will be subsequently working as a freelancer. There are no plans to replace her, as the magazine's format and direction are under ...
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After establishing new executive positions around its chief executive, Stefan...
After establishing new executive positions around its chief executive, Stefan Stolitzka, Legero United plans to invest €74 million in brand and product development by 2021. The Austrian-based footwear group – which markets such brands as Legero, Superfit, Vios and Think – aims to focus more on the consumer and to ...
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Clarks has recruited the actors Freida Pinto and Alexander Skarsgård...
Clarks has recruited the actors Freida Pinto and Alexander Skarsgård for its autumn/winter marketing campaign. Pinto and Skarsgård will be the first celebrities to endorse the British shoe brand. According to Tara McRae, Clarks' chief marketing officer, they were “organic choices to serve as the faces of our campaign, given ...
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According to the online magazine TechCrunch, Atoms, a DTC (direct-to-consumer)...
According to the online magazine TechCrunch, Atoms, a DTC (direct-to-consumer) brand of shoes, has raised $8.1 million in Series A funding. The brand offers shoes in quarter sizes rather than full or half sizes and allows customers to purchase different sizes for each foot to ensure optimal fit. The funding ...
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Hermès International reported a 6.8 percent increase in net earnings...
Hermès International reported a 6.8 percent increase in net earnings to €754 million for the first half of this year. The operating margin went up to 34.9 percent from 34.8 percent. As previously reported, the luxury group's turnover rose by 12 percent to €3.28 billion during the period.
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Li & Fung has sold a 21.7 percent stake in...
Li & Fung has sold a 21.7 percent stake in its rather sophisticated LF Logistics business to a Singapore-based investment company, Tomaskek, for $300 million to help expand its operations in Asia and improve its own capital structure. The group saw its revenues decline by 8.4 percent on an organic ...
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The Italian government is expected to grant €20 million to...
The Italian government is expected to grant €20 million to €30 million in aid to financially distressed shoe companies in the areas of Fermo and Macerata, in the Marche region, naming it a “complex crisis area.” Regional authorities and other various funds are expected to participate in the program. Hit ...
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Office will close between ten and 15 of its loss-making...
Office will close between ten and 15 of its loss-making stores in the U.K. over the next two years. The announcement has been made by Truworths, Office's parent company, after the retailer's operating profit fell by 55 percent for the year to June 30. The overall store portfolio would therefore ...
