News Briefs – Page 12
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News briefs
Hanwag appoints a senior sales manager for Germany
The hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, is expanding its sales team in Germany. Manuel Jäckle took over the position of senior sales manager Germany on Nov. 1, 2023. In this key role, Jäckle is responsible for both internal coordination and field sales and reports ...
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News briefs
Buffalo teams up with Berlin party collective Herrensauna to launch joint shoe collection
The German footwear manufacturer Buffalo has joined forces with Berlin party collective Herrensauna, which organizes club nights in the techno scene, to create a bespoke limited-edition, party-ready shoe line within Buffalo’s new collaboration label Source. Launched last year, Source aims to connect the footwear brand with underground culture. “United ...
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News briefs
Wolverine Worldwide appoints a chief supply chain officer
Wolverine World Wide, Inc. has announced the appointment of Bishu Jayaram to the newly created position of chief supply chain officer. In this position, he will be responsible for global sourcing, distribution, logistics and integrated planning. Jayaram, a seasoned executive with over 20 years of supply chain and sourcing experience, ...
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News briefs
Maritime disruption in the Red Sea will strain supply chains
A prolonged disruption of martime traffic in the Red Sea caused by attacks on vessels by Houthi militants from Yemen is expected to strain global supply chains and raise transportation costs, according to the credit rating agency DBRS Morningstar. “The passing-through of costs by the providers of essential seaborne cargo ...
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News briefs
Golden Goose reportedly seeking to raise €1bn in IPO
Golden Goose plans is looking to raise about €1 billion from an initial public offering (IPO) scheduled in Milan next year, the news agency Reuters reported citing three people close to the matter. Permira, which has an 83 percent in the Italian sneaker brand, has appointed Bank of America, JP ...
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News briefs
Crocs appoints two board directors
Crocs has appointed John Replogle and Neeraj Tolmare to its board of directors, effective Jan. 1, 2024. “The new appointees will bring new skill sets and extensive brand building experience in consumer facing businesses to the Crocs board,” the U.S. footwear company said in a statement. Replogle “brings decades of ...
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News briefs
GMS’ Boys & Girls continues to expand
Boys & Girls, the children’s footwear marketing project of the Cologne-based shoe retailing association GMS, has continued to expand, with the opening of three new specialist stores in the past twelve months. At the end of 2022, Steffen Rüger launched “Boys & Girls Children’s Shoes Rhein-Neckar” in Schwetzingen, in ...
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News briefs
Farfetch acquired by Coupang
The luxury fashion online retailer Farfetch has been acquired by South Korean e-commerce company Coupang for an undisclosed sum. Coupang has already founded a company called Athena Topco LP together with the financial firm Greenoaks Capital Partners LLC for the purpose of the takeover. The deal reportedly provides the ...
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Maersk suspends transit through Red Sea, ships rerouted via Cape of Good Hope
The Danish shipping company Maersk, which manages about a fifth of global container shipping, said that its ships due to sail through the Red Sea and the Gulf of Aden will be rerouted via the Cape of Good Hope. Other companies, including the French group CMA CGM and the German ...
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News briefs
Shoe Carnival launches new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million, effective Jan. 1, 2024. The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on Dec. 14, 2022, and will expire on Dec. 31, 2023. The board also approved ...
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News briefs
SportsShoes.com expands marketing and design teams
The Britsh online retailer SportsShoes.com announced 10 new appointments to its brand marketing, social media and design teams to support its continued growth and development strategy. Maryse Haynes is joining the company as marketing coordinator from sports and mountain apparel brand Inov-8, where she was head of marketing. Erika ...
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News briefs
Alpartagas hires a new CEO
Liel Miranda, the CEO of Mondelez International’s Brazil business unit since 2019, will join Alpargatas as CEO on Feb. 1, 2024. He will replace Luiz Fernando Edmond, who is the interim CEO of the Brazilian footwear company since and will remain a member of the Alpargatas’ board of directors. Edmond ...
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News briefs
Massimo Vian joins Gucci as chief industrial and supply chain officer
Massimo Vian is joining Gucci in the newly created role of chief industrial and supply chain officer, effective Jan. 15. A seasoned manager, Vian was previously the chief operating officer of Prada Group, that he joined in May 2020. Vian was also the CEO of the cashmere brand Falconieri for ...
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News briefs
VF confirms Nina Flood as global brand president for Timberland
VF Corp. has confirmed Nina Flood as the global brand president for Timberland. Flood had replaced Susie Mulder on an interim basis in November. Mulder had been Timberland’s global brand president since April 2021 and left VF to become chief operating officer at Nobull, a training footwear and apparel brand. ...
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News briefs
Holding Moda buys Dema
Holding Moda, the investment vehicle created in 2018 by Hind-Holding Industriale, has bought a majority stake in the Italian shoe maker Dema which is located near Naples and specializes in moccasins and sneakers. Holding Moda is creating a diversified hub of Italian fashion manufacturers and now controls 14 companies with ...
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News briefs
H&M misses sales expectations
In the fourth quarter ended Nov. 30, H&M’s sales were virtually flat year-on-year totaling SEK 62.629 billion (€5.57bn) and fell by 4 percent in local currencies. Market expectations were for sales of SEK 62.9 billion. Excluding Russia and Belarus, sales of the Swedish fashion retailer rose by 3 percent, but ...
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News briefs
Palace of Versailles picks Uniform Shoes for its staff
The Palace of Versailles has chosen the Portuguese brand Uniform Shoes to provide footwear for its reception and management teams. The brand was launched in 2014 by Cool Gray, a company founded in 1999 and specializes in technical footwear supplied to leading operators in the airline, railway and cruise ship ...
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News briefs
Threads starts in the EU
Threads, the messaging app owned by Meta, was launched in the European Union on Dec. 14. Meta launched the service, which is a direct competitor of X, formerly known as Twitter, in July outside of the EU. The introduction in the EU was delayed to ensure that the platform complied ...
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News briefs
Inditex 9-month sales up by 14.9% at constant exchange rates
In the nine months to October 31, Inditex’s sales grew by 11.1 percent to €25.6 billion, showing “very satisfactory” development both in stores and online, the Spanish fashion fast group said in a statement. Sales at constant currency rates rose by 14.9 percent. Gross profit increased by 12.3 percent to ...
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News briefs
Ecco opens its first store in New York
Ecco opened its first store in New York. The 3,250 square-foot shop is situated at 110 Grand Street in SoHo and features the Danish company’s full range of footwear and accessories, as well as some special-edition pieces that will be exclusive to the Manhattan flagship. On Dec. 1, Deniz Erda ...
