News Briefs
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News briefs
Nice Footwear obtains Ellesse license for the French market
Nice Footwear has obtained the footwear license regarding the French market for the Ellesse brand owned by the US group Pentland. Nice Footwear said that it will rely on its “solid experience” of the French market to develop the brand. Since January 2022, the Italian footwear company has a showroom ...
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News briefs
Alibaba Q4 revenues up 7%
Alibaba reported revenues of RMB22.9 billion (US$30.7bn) for the fourth quarter ended March 31, representing an increase of 7 percent year-over-year. Income from operations was RMB14.8 billion (US$2.0bn), a decrease of 3 percent year-over-year. Net income attributable to ordinary shareholders was RMB3.3 billion (US$453 million). Net income was RMB919 million ...
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News briefs
Skechers enters a footwear partnership with John Deere
Skechers has entered a footwear partnership with John Deere, an American producer of agricultural and forestry machinery as well as heavy and lawn care equipment. The companies are joining forces to offer a co-branded professional and lifestyle offering. The footwear collection is designed for ”agricultural professionals, construction workers, outdoor enthusiasts ...
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News briefs
Golden Goose’s sales and earnings continue to rise
In the first quarter of 2024, Golden Goose posted revenues of €148 million, up by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates. Direct-to-consumer revenues grew by 18 percent, and by 20 percent in local currencies, to €106 million, driven by the EMEA ...
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News briefs
Neonyt trade fair moves to new location, opens to wider audience
The sustainable fashion trade fair Neonyt is moving to a new venue and is opening up to a wider audience. The fair, until now held at the Areal Böhler in the German city of Düsseldorf is moving to the Bilker Bunker, close to the city center and “at the ...
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News briefs
Superfeet appoints a new CFO
The insole specialist Superfeet appointed Kathryn McKenzie as its new chief financial officer. The company said McKenzie will play a crucial role in activating Superfeet’s expansion into medical and industrial/work communities. McKenzie most recently served as CFO at HealthTrackRx, a premier national molecular diagnostic laboratory. Prior to this, she held ...
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News briefs
Moreschi proceeds with the firing of 59 workers
As announced in February, Moreschi, an Italian producer of upscale shoes, has proceeded with the firing of 59 people as part of its plans to outsource its production to third parties. In February, the Italian footwear company controlled by the Swiss group Hurley said that its own production was “not ...
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News briefs
Tod’s can be delisted after a successful public tender
Crown Bidco, the investment vehicle used by L Catterton to buy out Tod’s’ minority shareholders at €43 per share, has obtained sufficient acceptances to delist the Italian luxury goods group. In the public tender that ended on May 8, Crown Bidco obtained acceptances for 5.855 million shares, representing 17.691 percent ...
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News briefs
Dr. Martens’ new CFO joins early
Dr. Martens said that Giles Wilson, who has been appointed to the role of Chief Financial Officer, will join the company and the board on May 13, two weeks earlier than the previously announced date of May 27. Wilson is replacing Jon Mortimore, who is retiring from the ...
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News briefs
Imbox Protection opens new headquarters in Denmark
Imbox Protection, a provider of in-store footwear protection technology, has opened its new global headquarters at Ved Skoven 54, 8541 in Skødstrup, Denmark. The company highlighted that “solar power constitutes a substantial part of powering the headquarters,” which comprise a 14,000 square foot office and a 9,700 square foot warehouse. ...
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News briefs
Wolverine names a new CFO
Wolverine Worldwide, the Michigan-based footwear company, has named Taryn Miller as chief financial officer (CFO). She will report directly to Chris Hufnagel, the company’s president and CEO. Miller previously served as the vice president of corporate and commercial finance at Corteva Agriscience, an international agriculture company. In this role, ...
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News briefs
LVMH could take over Tod’s
LVMH could end up taking over Tod’s after the footwear company is delisted, according to the British bank Barclays. With the purpose of delisting Tod’s from the Milan stock exchange, L Catterton, a private equity firm backed by the French luxury goods group, launched on March 25 a public ...
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News briefs
Zalando posted an operating profit in Q1
Zalando said that adjusted Ebit in the first quarter rose to a positive €28.3 million, representing a margin of 1.3 percent, compared to a negative €0.7 million in the prior-year period. “The substantial improvement in profitability was driven by lower fulfilment costs and successful inventory management, leading to an improved ...
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News briefs
Lowa's 2023 sales slip slightly
Lowa’s production volume was stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly the ...
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News briefs
JD Sports opens a store in Bahrain in partnership with GMG
JD Sports Fashion has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504-square meter store will offer customers access to the latest releases from a diverse ...
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News briefs
Otto opens new headquarters in Hamburg
The German mail order company Otto has opened its new headquarters in Hamburg. The company invested over €100 million in the project. “Over a five-year construction period, a warehouse built in 1969 was transformed into a state-of-the-art New Work environment. In future, a total of 1,600 workstations, 170 meeting ...
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News briefs
Clarks’ CEO steps down
After two years in the job, Jonathan Ram has stepped down as the Chief Executive Officer of Clarks. The British footwear group said that Ram had decided to leave to “pursue other opportunities” and thanked him for his “leadership and contribution to Clarks over the last two years.” According to ...
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News briefsNext warns on Q2 but confirms FY guidance
Next said first-quarter sales came in ahead of forecasts and maintained its guidance for the full year but warned that the next three months would be weaker due to wet spring weather. Full-price sales in the thirteen weeks to April 27 were up by 5.7 percent year on year, slightly ...
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News briefs
Hoka opens a store in Paris
Hoka is reinforcing its European retail presence with the opening of its first Parisian address. The new store is located at 35 Boulevard des Capucines, in a 140-square meter space formerly occupied by footwear label Bally, at walking distance from the historic Opéra and not far from the busy shopping ...
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News briefs
Columbia names a vice president for the Sorel brand
Columbia Sportswear Company announced that Michael Minter joined the company as Sorel’s vice president, brand, effective April 29. Minter has spent nearly 20 years in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC, and Reef. Along with the Sorel brand, the group owns the labels ...
