All News briefs articles – Page 4
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News briefs
BasicNet’s revenues rise slightly
BasicNet, which owns Kappa, Superga, Sebago and other brands, reported consolidated revenues of €303.4 million for the first nine months of 2025, up by 2.5 percent year-over-year. Ebitda slipped to €39.8 million from €40.6 million a year earlier, and Ebit dropped to €23.4 million from €26.9 million. Aggregate brand sales ...
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News briefs
Intertek opens footwear testing lab in US
Intertek inaugurated on Oct. 29 a footwear testing facility in Bentonville, Arkansas, home to the US retailer Walmart. The Bentonville Footwear Center of Excellence is the British group’s first footwear testing laboratory in the country. ”Adding to our twenty-three consumer products sites in the US, the new facility, located in ...
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News briefs
R.M. Williams expands production capacity
R.M. Williams has opened a second workshop at its Adelaide site, bolstering the production capacity of the Australian bootmaker by 90 percent. The new 20,000-square-meter facility will increase the company’s manufacturing and distribution footprint to 29,500 square meters. In 2020, an Australian billionaire, Andrew Forrest, bought R.M. Williams, the producer ...
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News briefs
German firms find it increasingly difficult to predict their business development
German companies are finding it increasingly difficult to predict their further business development, according to a survey conducted by economic research institute Ifo. Some 77.8 percent of companies surveyed by Ifo in October said it was difficult or fairly difficult to predict their business development, up from 75.4 percent ...
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News briefs
Wolverine named 2025 Company of the Year by Footwear News
Wolverine Worldwide has been named 2025 Company of the Year by Footwear News and will be recognized at the Footwear News Achievement Awards (FNAA) on Dec. 3, in New York City. “Being named Company of the Year by Footwear News is a testament to the innovation, drive, and resilience of ...
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News briefs
US, China agree on a truce in trade war
Following a meeting on Oct. 30 in Busan, South Korea, the US President, Donald Trump, and the Chinese President, Xi Jinping, reached a multi-point agreement to ease trade tensions. China agreed to suspend its new rare-earth export controls for one year, effectively maintaining access to critical materials for US ...
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News briefs
ISPO to move to Amsterdam
A new joint venture between Messe München and the UK’s Raccoon Media Group will take over the ISPO trade show from 2026, relocating it from Munich to Amsterdam and launching a €3 million investment program to reinvent the event’s format. The trade fair is Europe’s largest and the world’s ...
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News briefsCoats completes OrthoLite acquisition
Coats Group, the British manufacturer of industrial threads and footwear components, announced on Oct. 30 that it had completed its acquisition of OrthoLite, the producer of footwear materials and insoles, as well as of Cirql, OrthoLite’s brand of sustainable materials. As we’ve reported, Coats announced its intentions back in July, ...
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News briefs
Zalando appoints a new CFO
Zalando has named Anna Dimitrova as its next Chief Financial Officer. On Jan. 1, 2026, she will succeed Sandra Dembeck, who will be leaving the company at the end of 2025 to pursue new professional opportunities. Dimitrova brings extensive international finance and digital experience from Vodafone Germany, where she served ...
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News briefs
German consumer confidence worsens
German consumer confidence is expected to worsen in November, falling to -24-1 from -22.5 in October, according to the GfK Consumer Climate, published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions (NIM). The October reading was revised down from a preliminary -22.3. “The ongoing tense geopolitical situation, increasing ...
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News briefs
French footwear exports down 3% in the first 8 months of 2025
French exports of footwear totaled €3.523 billion in the first eight months of 2025, down by 3 percent year-over-year, while imports were up by 3 percent at €5.597 billion, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods industry. It added ...
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News briefs
Lanvin Group names a new CFO
Lanvin Group appointed Jiyang Han as Chief Financial Officer, effective Nov. 1. In this role, Han will oversee the Chinese luxury goods’ financial affairs, including financial planning and analysis, accounting and controllership, financial management, treasury, investment and financing projects and investor relations. Han brings nearly two decades of ...
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News briefs
Coats starts building a factory in Indonesia
Coats Rejo Indonesia, which is part of the British manufacturer of industrial threads and footwear components, Coats, has begun building a new €35 million dyeing and finishing factory in Pleret, Indonesia. The facility will combine twisting, dyeing, yarn finishing and structural component production, with capacity projected to reach 9 tonnes ...
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News briefs
Ermenegildo Zegna’s sales trend improves in Q3
In the third quarter of 2025, Ermenegildo Zegna registered an improvement in its sales trend thanks to the direct-to-consumer channel. The Italian fashion house posted revenues of €398.2 million, up by 0.2 percent year-over-year, with organic growth of 3.6 percent. “Q3 2025 group revenues showed an acceleration in the direct-to-consumer ...
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News briefs
Hermès’ revenues driven higher by leather goods
Hermès reported sales of €3.881 billion euros in the third quarter of 2025, up by a reported 4.8 percent compared to the year earlier and 9.6 percent higher at constant exchange rates. Sales growth in the third quarter was led by Hermes’ leather goods and saddlery business, where sales jumped ...
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News briefs
Hermès appoints Grace Wales Bonner as Creative Director of men’s ready-to-wear
Hermès has appointed Grace Wales Bonner as Creative Director of men’s ready-to-wear. She will present her first collection for the French fashion house in January 2027. The announcement comes after Hermès said that Véronique Nichanian, Artistic Director of Hermès Men’s Universe, is leaving and will present her last collection for ...
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News briefs
Sneaker and sports apparel giants lag in digital performance
Catchpoint’s 2025 Athletic Footwear & Apparel Website Performance Benchmark Report uncovers alarming gaps in digital experience across major sportswear brands. The report finds that Nike and Adidas rank among the worst in user experience metrics, bleeding up to $425 million annually due to site failures, slow page loads, and reliability ...
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News briefs
ANWR launches new sport & lifestyle trade show
The ANWR Group is introducing a new trade fair format, ANWR Order Sport & Lifestyle, designed to meet the evolving needs of retailers and suppliers in the sports and footwear sectors. The inaugural event will take place from Nov. 23 to 25, 2025, at the ANWR Campus in Mainhausen, marking ...
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News briefs
Zalando expands AI powered discovery feed to more markets
Zalando has announced that its AI-powered discovery feed, designed to make shopping more immersive and entertaining, will be expanded to 16 additional markets. The multi-brand fashion e-tailer has also simultaneously announced that it is gradually rolling out the option of a public customer profile, which will give customers the possibility ...
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News briefs
China’s footwear exports decline slightly in volume
China exported more than 5.1 billion pairs in the first seven months of 2025, down by 0.7 percent year-over-year, generating $25.6 billion in revenues, down by 7.3 percent, according to the China Leather Industry Association. Exports of leather footwear accounted for 300 million pairs and almost $4.4 billion in value.China ...
