All News briefs articles – Page 27
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News briefs
Brand, price and sustainability are key drivers for German consumers
More than 60 percent of Germans own up to ten pairs of shoes, and nearly a fifth buy new shoes at least four times a year, placing a special importance on brand, price and sustainability, a survey from the trade magazine Schuhkurier and the Cologne-based market research and consulting institute ...
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News briefs
Hardrige to supply shoes to the French prime minister’s office
Hardrige has won a €760,000 contract to supply shoes to the staff of the French Prime Minister’s office for four years. The company is expected to provide between 250 and 300 pairs each year. Founded in 1985, the family-owned company is located in Sillans, in the French department of Isère. ...
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News briefs
LVMH names a new CFO
LVMH announced that Cécile Cabanis, a member of its executive committee, will be appointed Chief Financial Officer of the French luxury goods group, succeeding Jean-Jacques Guiony as of Feb. 1. Meanwhile, Guiony, who is a member of the executive committee, will be named President and Chief Executive Officer of the ...
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News briefs
Global personal luxury goods market set to drop by 2% in 2024
In 2024, the global market for personal luxury goods is expected to fall by 2 percent to €363 billion, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. In 2025, the global market for personal ...
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News briefs
Germany GDP may be hit by US tariffs
Tariffs pledged by US President-Elect Donald Trump could cost Germany about 1 percent of its gross domestic product (GDP), said Joachim Nagel, president of the Bundesbank, Germany’s central bank, and member of the European Central Bank’s governing council. “If the tariff plans are implemented, it could cost us 1 percent ...
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News briefs
Klarna plans an IPO in the US
Klarna has filed a draft registration with the Securities and Exchange Commission (SEC) for an initial public offering in the US. The terms of the transaction have yet to be defined. In a statement, the Swedish payment firm said that it has “confidentially submitted a draft Registration Statement on Form ...
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News briefs
HDS/L launches circular economy project
The German footwear and leather goods trade association, HDS/L, has launched a circular economy project to guide and assist the industry as it faces the challenge of transforming its production model. The ‘Circular Economy in the Footwear Industry. Creating Cycles. Securing the Future’ project aims to develop viable strategies and ...
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News briefs
StockX has a new CEO
StockX has announced that Scott Cutler has chosen to step down as Chief Executive Officer effective Dec. 31, 2024. The board has selected Greg Schwartz, the company’s co-founder, President & COO, as his replacement. Cutler, who is one of StockX’s earliest investors and served as an advisor to the company ...
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News briefs
Brazil expects to produce over 900 million pairs of shoes in 2025
Brazilian footwear manufacturers expect to produce more than 900 million pairs of shoes in 2025, thus returning to levels last seen before the Covid-19 pandemic hit the country in 2020. In 2019, the country produced 898 million pairs. Due to the disruption caused by Covid-19-related lockdowns, footwear production dropped to ...
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News briefs
Bally appoints a new CEO
The Swiss luxury brand Bally has appointed a new CEO, just months after its acquisition by the US investment firm Regent. Ennio Fontana took the helm of the company succeeding Nicolas Girotto, whose resignation was announced a few weeks ago. Girotto had been in the position since 2019. ...
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News briefs
Bär and Joe Nimble have become independent companies
The shoe companies Bär and Joe Nimble have separated with retroactive effect. The comfort shoe brand Bär and running shoe brand Joe Nimble, which were previously managed under Bär GmbH, have been operating as independent companies since July 1. The separation was the result of a decision by the brothers ...
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News briefs
Alpargatas posts a Q3 profit
In the third quarte of 2024, the Brazilian group Alpargatas reported a net income of R$57.3 million reais (€8.8m) against a loss of R$8.5 million a year earlier. The gross margin widened by 7.10 percentage points year-over-year to 47.7 percent as total sales increased by nearly 16 percent to ...
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News briefs
Vulcabras’ profit rises 35 percent in Q3
For Vulcabras, the Brazilian footwear group, net income increased by 35 percent to 172.2 million Brazilian reais (€27.3m) as Ebitda margin expanded by 0.90 percentage points to 25.1 percent in the quarter ended Sept. 30. Gross margin inched up by 0.20 percentage points to 43.1 percent from 42.9 percent. Shipped ...
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News briefs
Vagabond appoints a new CEO
A new CEO is taking the helm of the Swedish footwear brand Vagabond Shoemakers after a major change in the company’s structure earlier this year. Fredrik Ohlsson is taking up the position of Chief Executive Officer on Nov. 11, succeeding Anders Odén, who announced his resignation last spring after ...
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News briefs
Nike has appointed a new Chief Diversity Equity and Inclusion Officer
Nike has promoted Kizmet Mills to Chief Diversity Equity and Inclusion Officer, effective Nov.11. She will take over from James Loduca, who announced his departure from the company in a LinkedIn post, citing family reasons, after 18 months in the role. Mills will work close to the new CEO, Elliot ...
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News briefs
BasicNet’s 9-month Ebitda dips by 9%
BasicNet, the Italian parent of Kappa, Robe di Kappa, Superga and Sebago, realized a 9.1 percent decline in nine-month Ebitda to €40.6 million from €44.7 million a year earlier. Nine-month Ebit slipped by 16.4 percent to €26.9 million. Consolidated nine-month revenues declined by 0.5 percent to €296.1 million from ...
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News briefs
ANWR Group appoints a new head of logistics
ANWR Group has appointed Marcel Couturier as General Manager Retail Services & Fulfillment to lead its logistics and wholesale team. He took up his new role on Nov. 1 and reports directly to the executive board and Chief Commercial Officer Tobias Eichmeier. The 41-year-old brings extensive brand and ...
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News briefs
Soex files for bankruptcy
The textile and shoe recycler Soex has filed for bankruptcy amid increased competition from Asia and following the demise of its traditional markets in Eastern Europe. The Reinbek Local Court accepted the application and appointed attorney Matthias Wolgast of the Münzel & Böhm law firm as provisional administrator. The restructuring ...
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News briefs
Wolverine Worldwide appoints a new head for the Active Group
Wolverine World Wide, Inc. has appointed Susie Kuhn as President of its Active Group, effective Oct. 28. She will oversee Wolverine’s key Active Group brands – Merrell, Saucony and Chaco – focusing on brand strategy, consumer engagement, and commercial performance. Reporting directly to the CEO, Chris Hufnagel, Kuhn will also ...
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News briefs
Prada’s 9-month sales rise 18% in local currencies
In the first nine months of 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €3,829 million. At constant exchange rates, the top line grew by 18 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 15 percent at actual exchange ...
