All News briefs articles – Page 8
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News briefs
OrthoLite introduces breathable SloMo memory foam
OrthoLite, the US-based leader in comfort and performance foam technologies for footwear, launched SloMo, a new breathable, slow-recovery memory foam formulation. The new material expands the company’s memory foam portfolio, aiming to provide enhanced fit, adaptive pressure relief and improved airflow. SloMo builds on previous OrthoLite products such as ...
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News briefs
Giorgio Armani passes away
The Italian designer Giorgio Armani has passed away at the age of 91 , announced the fashion group he created. “With infinite sorrow, the Armani Group announces the passing of its creator, founder and tireless driving force: Giorgio Armani,” the group said, noting that the designer “worked until his final ...
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News briefs
Nine out of 10 of consumers have adopted more sustainable habits
More than nine people out of 10 have adopted more sustainable habits, according to a survey conducted by Apiccaps, the Portuguese footwear association, in partnership with the Catholic University of Portugal. The survey, which involved 1,531 consumers from more than 50 countries, had 90.9 percent respondents claiming to have adopted ...
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News briefs
EFTA, India free trade agreement effective Oct. 1
A free trade agreement between the states of the European Free Trade Association (EFTA) and India becomes effective Oct. 1, according to the Swiss government. The Swiss State Secretariat for Economic Affairs noted that on Sept. 3 the country’s Federal Council “adopted the necessary amendments to the ordinances to implement ...
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News briefs
Alohas opens a store in London
The Spanish footwear and clothing brand Alohas has opened a store in London as it continues its international expansion. In 2024, the brand launched stores in Barcelona and Madrid. Alohas opened its first foreign store in Paris in September 2024, followed by openings in Milan, Amsterdam and New York ...
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News briefs
Dunion Taiyang Sheng Shoes to build a shoe factory in Bangladesh
Dunion Taiyang Sheng Shoes Co. Ltd. is set to invest $10.20 million to build a factory in Bangladesh, according to the Bangladesh Export Processing Zones Authority (BEPZA), which signed an agreement with the Chinese footwear manufacturer on Aug. 24. The Chinese company plans to produce 2.10 million pairs of sandals, ...
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News briefs
Scottish footwear retailer opens a store in England
Begg Shoes, a Scottish footwear retailer, has opened its first store in England. Situated in Market Harborough, Leicestershire, the store is the chain’s 10th location. Established in 1866, and still run by the Begg family, the retailer has nine stores in Scotland. It also has a website launched in 2015. ...
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News briefs
Turkey’s inflation slows down
Turkey’s annual inflation rate fell to 33.0 percent in August from 33.5 percent the previous month, according to the statistics office Tuik. Compared to the previous month, consumer prices in the country rose by 2.0 percent in August. Inflation in Turkey is falling despite sustained economic growth, with GDP in ...
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News briefs
Mirko Ostendörfer takes over as Managing Director of Urbn Concepts
Snipes has appointed Buffalo Boots’ CEO, Mirko Ostendörfer, as Managing Director of its wholesale agency Urbn Concepts. The move follows the integration of the Buffalo’s distribution division and is part of a broader restructuring of the company’s fashion wholesale operations. Ostendörfer will continue to serve as CEO of Buffalo while ...
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News briefs
Klarna’s IPO may raise up to $1.46bn
Klarna has set the price range for its initial public offering (IPO) price at $35 to $37 dollars per ordinary share, resulting in proceeds of up to $1.46 billion. The Swedish payment company has been approved to list its shares on the New York Stock Exchange under the symbol KLAR. ...
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News briefs
Kyaia takes over AsPortuguesas
Kyaia, a Portuguese footwear company located in Guimarães, is taking full control of its peer Ecochic Portuguesas, owner of the AsPortuguesas footwear brand. Kyaia is buying the stakes of Amorim Cork Ventures and Pedro Abrantes. No financial details were available. Ecochic Portuguesas was created in 2015 by Abrantes with the ...
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News briefs
Berkshire Hathaway Shoe Holdings in sock licensing partnership with Majesty Brands
Berkshire Hathaway Shoe Holdings entered an exclusive sock licensing partnership with Majesty Brands, a provider of socks, sleepwear, slippers and intimates. Under the agreement, Majesty Brands will design, manufacture, and distribute socks for three of Berkshire Hathaway Shoe Holdings’ brands: Carolina, Double-H and Phantom Rider. The first sock collections for ...
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News briefs
Berkemann hires a new Brand Manager
The German comfort shoe manufacturer Berkemann Group has appointed Maximilian Krien as Brand Manager. He succeeds Michael Zoller, who had held the position since 2012 and will remain with the company in an advisory capacity. In his new role, Krien will focus on expanding brand visibility and international sales, the ...
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News briefs
Living Kitzbühel’s Managing Director resigns
Footwear professional, designer and entrepreneur Julian Hermsdorf has stepped down as Managing Director of the Austrian slipper brand Living Kitzbühel. In a statement, Hermsdorf cited ongoing structural challenges beyond his control as the reason for his decision. He is succeeded by Andreas Graf, who brings 32 years of experience ...
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News briefs
3G obtains regulatory clearance to buy Skechers
Skechers U.S.A., Inc. and 3G Capital published a statement that all necessary regulatory approvals have been received to proceed with 3G Capital’s acquisition of the California-based footwear and apparel brand. The transaction, disclosed in May, is expected to close on Sept. 12, 2025, subject to customary conditions. As part of ...
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News briefs
Crocs appoints a new CFO
Crocs has appointed Patraic Reagan as Executive Vice President and Chief Financial Officer, effective Sept. 22. He will succeed Susan Healy, who tendered her resignation on Aug. 28, effective immediately. Most recently, Reagan served as the Chief Financial Officer for SharkNinja, a global product design and technology company. Prior to ...
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News briefs
Frasers' chairman steps down
Frasers said that David Daly will be stepping down from the board at the company’s annual general meeting (AGM) on Sept. 24 after eight years in the group and will be succeeded as Chair by Jon Thompson on Sept. 1. Thompson has been a non-executive director at the British retailer ...
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News briefs
Alibaba’s revenues decline in Q1
Alibaba announced that revenues for the fiscal first quarter ended June 30, were up by 2 percent year-on-year to 247.652 billion yuan renminbi ($34.571 billion). Excluding revenues from the disposed businesses of Sun Art and Intime, like-for-like revenues for the Chinese e-commerce retailer increased by 10 percent. Diluted earnings per ...
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News briefs
DuPont sells Kevlar, Nomex businesses to Arclin in $1.8bn deal
DuPont has reached a definitive agreement to sell its Aramids business, which comprises the brands Kevlar and Nomex, to Arclin in a transaction valuing the business approximately $1.8 billion. The transaction is expected to close in the first quarter of 2026, it added. At close, DuPont will receive pre-tax cash ...
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News briefs
Baffin enters the hiking market
Baffin, a Canadian brand of high-performance footwear and apparel founded in 1979, has entered the hiking boot category with the launch of the Terrain Collection. The collection debuts with two styles, Bruce Mid for men and Elora Mid for women. “Entering the hiking category is a natural evolution for Baffin. ...
