News Briefs
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News briefs
US East Coast port strike ends
A strike affecting the ports of the US East Coast and the Gulf of Mexico was suspended after the International Longshoremen’s Association (ILA) union and the United States Maritime Alliance (USMX) reached a tentative agreement. “The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative ...
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News briefs
Lanxess exits the polymer business
Lanxess signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With the transaction, the German specialty chemicals company exits the polymer business. The Urethane Systems business comprises five manufacturing sites globally as ...
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News briefs
A long US port strike will impact supply chains
On Oct.1, about 45,000 unionized workers went on strike at ports on the US East Coast and in the Gulf of Mexico which handle about half of the US’ ocean shipping. The International Longshoremen’s Association (ILA) union, which represents dockworkers across 36 ports on the East Coast and the Gulf ...
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News briefs
Authentic Brands Group names a new head for Greater China
Authentic Brands Group (ABG) has hired Josh Perlman as Executive Vice President and Head of Greater China. He brings over 25 years of experience to the company, previously serving as the managing director at Tristate, where he was instrumental in signing and building brands such as Jack Wolfskin, Fila, Nautica, ...
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News briefs
LVMH buys a stake in Moncler key shareholder
LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a 15.8 percent stake in Moncler, an Italian brand of premium down jackets. The financial terms of the deal were not disclosed. Under the terms ...
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News briefs
Zalando introduces ‘Zalando Partner’ to simplify partner services
Zalando has introduced “Zalando Partner,” a unified platform that simplifies and enhances its services for business partners. This initiative consolidates all partner-related offerings, including wholesale, partner programs, connected retail, marketing and logistics services, into a single, easy-to-navigate platform. According to Andreas Antrup, SVP of Partner Services, this move aligns with ...
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News briefs
Paul Green appoints an export manager
The Austrian footwear label Paul Green has created the new position of Head of Export as it looks to expand its international footprint. The company appointed the sector veteran Helmut Seidl to the role, starting Oct. 1. Seidl, 52, worked for nearly 35 years for the footwear group Gabor, ...
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News briefs
Geox reviews US operations, to close New York office
Geox is winding down its US operation, according to Footwear News. Enrico Mistron, Geox’s CEO since March 2024, told the publication that the office in New York City will be closed and that the group is reviewing its business model in the US and will provide “visibility in a few ...
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News briefs
Leguano opens new store in Germany
The German barefoot footwear specialist Leguano continues to expand its retail network with the opening of a new store in Speyer, in the Rhineland-Palatinate region of Germany. Located at Maximilianstraße 72, the store opened on Sept. 14. The company also announced that a new outlet will replace the previous barefoot ...
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News briefs
Tod’s hires John Galantic as CEO
Tod’s has appointed John Galantic, the former head of Chanel, as CEO. He replaces Diego Della Valle and his brother Andrea who were co-CEO and remain as chairman and vice chairman, respectively. The management shakeup comes after the luxury goods company went private in June. Earlier this year, Crown Bidco, ...
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News briefs
Puma hires a new CFO
Puma has appointed Markus Neubrand as its Chief Financial Officer and a member of the management board, effective Oct. 1, succeeding Hubert Hinterseher, whose contract will end by mutual agreement on Dec. 31. Neubrand will oversee finance, investor relations, legal, IT and business solutions at the German sportswear group. He ...
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News briefs
Lowa appoints a new Marketing Director
Lowa, the German manufacturer of mountain, outdoor and everyday footwear, has hired Ulf Michels as Head of Marketing. He took up the role at the beginning of September and succeeds Michael Frank, who left the company at the end of 2023. Michels, 45, brings extensive experience in marketing ...
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News briefs
Italian regulator probes Shein for allegedly misleading sustainability claims
The Italian antitrust agency, AGCM, has launched an investigation into Infinite Styles Services CO. Limited, a Dublin-based company that manages the Italian website of the Chinese fast fashion group Shein, for allegedly misleading information regarding the “environmental sustainability” of the retailer’s clothing. The agency believes that some content included in ...
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News briefs
German economy under increasing pressure
In September, the business climate in Germany decreased to 85.4 from 86.6 in August, marking the fourth consecutive month of decline, according to the latest survey released by think tank Ifo. The figure was below economists’ expectations of a reading of 86.1 for the month. “The German economy is coming ...
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News briefs
Nike names Elliott Hill as CEO
Elliott Hill will become the President and Chief Executive Officer of Nike, effective Oct. 14, 2024. Hill will also become a Director of Nike’s board of directors and a member of the executive committee. He replaces John Donahoe, who will retire from his role as President and CEO and ...
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News briefs
UK clothing and footwear sales surge in August
In August, retail sales volumes for clothing and footwear rose by 2.9 percent month-on-month for clothing and footwear stores in the UK thanks to warmer weather and end-of-season sales, according to an initial estimate by the Office for National Statistics (ONS). Overall, British retail sales volumes are estimated to have ...
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News briefs
Deckers carries out a six-for-one share split
Deckers Brands carried out a six-for-one share split to make the ownership of its stock more affordable and attractive to a broader group of investors. The share split was approved by shareholders on Sept. 6 and shares started trading on a post-stock split adjusted basis on Sept. 17. ...
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News briefs
Cambodian footwear exports up 22% in first 8 months of 2024
Cambodia exported $9,217 million worth of garments, footwear and travel goods in the first eight months of 2024, up by 22.8 percent from a year earlier, according to the General Department of Customs and Excise. Garments and textiles exports were up by 23 percent to $6,814 million, footwear grew by ...
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News briefs
Shoes Düsseldorf moves dates forward
The German trade fair organizer Igedo has rescheduled its Shoes Düsseldorf trade fair, held at the Areal Böhler, to an earlier date. The footwear fair will now be held from Feb. 2 to 5, 2025, instead of the previously scheduled Feb. 23-25, moving it forward by four weeks compared ...
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News briefs
Austrian shoe retailer Shoe4You opens four stores in Upper Austria
The Austrian shoe retailer Shoe4You is expanding its footprint in Upper Austria with the opening of four new stores in Wels, Schlüßlberg, Rohrbach and Bad Ischl. “With these new openings, we are expanding our accessibility and getting closer to our customers in Upper Austria, strengthening our market presence in ...
