All News briefs articles – Page 2
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News briefs
LVMH names a new head for its Fashion Group business
LVMH has appointed Pietro Beccari as Chair and Chief Executive Officer of LVMH Fashion Group. Beccari will replace Sidney Toledano who decided to step down after more than 30 years working with LVMH’s Chairman and CEO, Bernard Arnault. Beccari will combine his new responsibilities with those of Chair and CEO ...
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News briefs
NNormal launches a shoe take-back and recycling program
NNormal, the trail running and hiking brand founded in 2022 by Kilian Jornet and Camper, has launched Take Back Box, a free collection and recycling initiative for NNormal shoes at the end of their lifecycle. The program allows customers to return worn footwear either at selected retail locations or via ...
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News briefs
UK scraps tariff exemption for low-value goods as EU accelerates similar reforms
The UK government will abolish its £135 tariff exemption for low-value imports, a measure expected to level the playing field for domestic retailers. The EU is fast-tracking similar reforms, signaling a major shift for cross-border e-commerce and sporting goods brands. The British finance minister, Rachel Reeves, confirmed plans to scrap ...
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Boohoo sees better FY earnings as brands return to profit
Boohoo expects an improvement in full-year earnings as its turnaround plan picked up momentum - despite a fall in sales at some of its largest brands. The British online fashion retailer forecast full-year Ebitda of £45 million (€51.38m), compared to £41.6 million last year. In fiscal 2027, Ebitda is expected ...
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News briefs
German consumer confidence improves ahead of Christmas
German consumer confidence is estimated to have improved in December rising to -23.2 from -24.1 in November, according to the GfK Consumer Climate, published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions (NIM). The November reading was not revised. “With the stabilization, the consumer climate is currently almost ...
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News briefs
German GDP growth flat in Q3
In the third quarter, German gross domestic product (GDP) was flat compared with the previous quarter on a price, seasonally and calendar adjusted basis, according to the statistics office Destatis. Year on year, GDP rose by 0.3 percent both on a price-adjusted basis and on a price- and calendar-adjusted basis. ...
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News briefs
Next to increase its special dividend after a land sale
Next plans to increase its previously mentioned special dividend of about £3.10 (€3.5) per share by 45 pence (€0.51) after generating net cash proceeds of £54.1 million (€62m) from the sale of land near Waltham Abbey, England. In 2021, Next purchased land near Waltham Abbey with the intention of ...
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News briefs
Zegna reshuffles is top management
Ermenegildo Zegna has tapped Gianluca Tagliabue, currently group Chief Financial Officer and Chief Operating Officer, as CEO following a succession planning process carried out by the board of the Italian fashion house. The appointment and other elements of a new leadership structure will go into effect on January 1. Among ...
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News briefs
Mexican government to support the local textile and footwear industry
The Mexican government has presented a stimulus plan for the textile and footwear industry in order to recover about half of the 100,000 job the sector has lost to foreign competition. Through an agreement with the Spanish bank BBVA and Mexico’s development bank Nacional Financiera (Nafin), the government aims ...
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News briefs
Boot Barn's store network exceeds 500 locations
Thanks to several store openings in November, Boot Barn’s network has exceeded 500 locations. The US footwear chain passed the 500 threshold following openings in Killeen, Texas; East Peoria, Illinois; Phoenix, Arizona; Deptford, New Jersey; Indio, California; Chandler, Arizona; and the return to Huntington Beach, California, where the very ...
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News briefs
French footwear sales rebound in October
In October, French footwear retail sales rose by a seasonally and working-day adjusted 2.2 percent month-on-month, rebounding from a 2.4 percent decline in September, according to the Bank of France. Overall retail sales in France rose a seasonally and work-day adjusted 0.3 percent from September, when there was a slight ...
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News briefs
Haglöfs appoints a new CEO
The Swedish outdoor specialist Haglöfs has made further changes to its leadership team, appointing a new Chief Executive Officer shortly after reorganizing its sales structure in Southern Germany and Austria. Andreas Lorenz, previously Chief Commercial Officer, has been named CEO, succeeding Martin Daniels, who had taken up the role ...
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OrthoLite opens a manufacturing site in North Vietnam
OrthoLite, the US-based supplier of sustainable open-cell foam insoles, announced the opening of a new manufacturing facility in North Vietnam. Located in the Ninh Binh Province, the site marks a key milestone in the company’s strategy to localize production and enhance service for regional and global footwear brands. The OrthoLite ...
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News briefs
H&M launches a SEK 1bn share buyback
H&M Hennes & Mauritz’s board has decided to launch a SEK 1 billion (€91m) share buyback. “The purpose of the buybacks is to distribute surplus liquidity and thereby adjust H&M’s capital structure by reducing its capital. Accordingly, the board of directors intends to propose to the 2026 annual general meeting ...
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News briefs
Piquadro’s revenues rise slightly
Piquadro generated revenues of €88.4 million in the first half ended Sept. 30, up by 0.7 percent compared to the year earlier. The Italian leather goods group reported that Ebitda in the six-month period rose by 8.2 percent to €16 million and adjusted Ebitda grew by 1.3 percent to €9 ...
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News briefs
German economic output could increase ‘slightly’ in Q4
German economic output could “go back up slightly again” in the fourth quarter of 2025 after preliminary data indicated that gross domestic product was unchanged in the third quarter after slipping by 0.2 percent in the second, according to the monthly report from the country’s central bank, the Bundesbank. “Owing ...
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News briefs
Instagram, Facebook to ban Australians under the age of 16 from Dec. 4
Meta announced that it will start banning from Dec. 4 Australian users under the age of 16 accessing Instagram, Facebook and Threads to comply with the country’s new social media rules. The US group started notifying the users concerned “to give them the opportunity to save their contacts and ...
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News briefs
JD Sports issues a profit warning
JD Sports Fashion warned that it expects profit before tax and adjusting items to be at the lower end of market expectations of £871 million (€988m), within a range of £853-888 million (€967-1,007m). The company noted that “recent indicators have shown incrementally weaker macroeconomic and consumer external data points in ...
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News briefs
GermanFashion elects a new president
The trade association GermanFashion has appointed a new president following the biennial election of its board of directors at this year’s general meeting. After 14 years in the role, Gerd Oliver Seidensticker, of Seidensticker Group, has handed the presidency to Justus Lebek, of Lebek International Fashion, who was elected with ...
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News briefs
Clarks expands its digital reach
Clarks has made its products available on the online marketplaces of Shein and Secret Sales in the UK, as the British footwear brand expands its digital presence globally. The brand will be available on Secret Sales Netherlands and Dress for Less by the end of the year. In the US, ...
