News Briefs – Page 4
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News briefs
Paige launches a collection of men’s footwear
Paige, a Los-Angeles based premium denim brand, has launched its first collection of men’s footwear. The spring collection comprises four sneakers and two boots retailing between $228 and $378 a pair. The shoes are available on the brand’s website and stores. Paige introduced its first collection of women’s shoes in ...
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News briefs
Noat to launch a collection of dress shoes
Noat will launch a collection of dress shoes with 10 styles in the autumn called Ayelet by Naot. The Israeli footwear company is best known for its sandals. According to Footwear News, the dress shoes will be produced in Italy rather than in Israel, where most of the brand’s shoes ...
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News briefs
Erasmus+ ShoeGame is being rolled out
The Erasmus+ ShoeGame, a project aimed at attracting younger generations to study footwear manufacturing, will be available on its website by the end of March. On March 7 and 8, project partners from Belgium (European Footwear Confederation - CEC), Greece (CTD), Portugal (CTCP and Virtual Campus), Romania (Tuiasi) and Spain ...
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News briefs
A/Impact invests in the Italian sustainable sneaker brand Id.Eight
A/Impact, a venture capital firm, backed by Avanzi - Sostenibilità per Azioni and the asset manager Etica SGR, investing in social and environmentally responsible projects, has decided to invest €350,000 in Id.Eight, a Florence-based sneaker brand that uses waste materials. The funds will help support the brand in its internationalization ...
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News briefs
French footwear sales rise in February
In February, French footwear retail sales rose by a seasonally and working-day adjusted 0.9 percent month-on-month, according to the Bank of France. In January, sales of footwear increased by 1.4 percent. Overall French retail sales rose by 0.2 percent month-on-month in February and sales of manufactured goods grew by 0.5 ...
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News briefs
Italian regulator clears bid to delist Tod’s
The Italian stock market regulator Consob has approved the prospectus for the offer on Tod’s launched by the investment vehicle of L Catteron, a private equity firm backed by the French luxury goods group LVMH. The bid is for 9,255,498 ordinary shares, representing 27.968 percent of the share capital of ...
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News briefs
Roam opens a store in Los Angeles
The California-based footwear brand Roam has opened its first store in Los Angeles. The 1,000 square foot store is located in the Glen Centre. It offers the brand’s footwear, apparel and accessories. Launched in 2018, Roam specializes in women’s sandals comprising vegan materials, a certifiable Bio Eva outsole derived from ...
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News briefs
Générale pour l’Enfant placed into receivership
Générale pour l’Enfant (GPE), the parent company of the French brands Du Pareil Au Même (DPAM), Sergent Major and Natalys, was placed into receivership on March 14, according to the news agency AFP, citing a ruling by a commercial tribunal based in Bobigny, near Paris. GPE suspended payments on March ...
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News briefs
Vince Camuto extends apparel license with BCI
Authentic Brands Group has renwewed Vince Camuto’s apparel licensing agreement with BCI Brands. Through the extension, BCI will continue to serve as the brand’s licensing partner for its core women’s apparel category until the end of 2030, with two consecutive five-year renewal options to follow. “BCI is proud of the ...
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News briefs
Heydude launches in the UK
Heydude, the casual footwear brand owned by Crocs, debuted in the UK on March 20. The brand was launched in 191 doors and through a country specific website.
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News briefs
The German fashion retailer Sør files for bankruptcy
Bonavest GmbH, the owner of the German multi-label retail chain Sør, has filed for bankruptcy as falling sales, high rents, as well as increasing energy, logistics and personnel costs took a heavy toll on the company. The Mönchengladbach-based retailer, which operates 24 stores and an online shop, applied for ...
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News briefs
Exor, WWICL invest in the fashion brand Subdued
The holding company Nuo has acquired a 30 percent stake in Osit, a Rome-based company active in the teenage fashion segment with the brand Subdued, for about €70 million. Nuo is equally owned by Exor, the holding company owned by Italy’s Agnelli family, and the Hong Kong family office The ...
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News briefs
Caleres hires Liz Dunn as head of corporate development and strategic communications
Liz Dunn has joined Caleres as Senior Vice President of corporate development and strategic communications. “In this newly created role, Dunn will leverage her nearly 30 years’ experience spanning equity research, investment banking, consulting, and finance to ensure Caleres aligns its growth ambitions and strategic communications with delivering shareholder value. ...
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News briefs
Aeffe’s footwear and leather goods sales decline in 2023
The revenues of Aeffe’s footwear and leather goods division amounted to €142.1 million, down by 13.1 percent, both at constant and current exchange rates, compared to 2022. The division comprises the luxury footwear brand Pollini. The adjusted Ebitda of the footwear and leather goods division was €19 million in 2023, ...
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News briefs
Shoe Carnival hikes its dividend
Shoe Carnival’s board has approved the payment of a quarterly cash dividend of $0.135 per share, representing a quarterly increase of 12.5 percent and an annualized dividend rate of $0.54 per share. The quarterly cash dividend will be paid on April 22 to shareholders of record as of the close ...
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News briefs
Düsseldorf shoe retailer Koch files for bankruptcy
The German shoe retailer Schuhparadies Michael Koch GmbH has shut down after 37 years of activity as it slips into bankruptcy on rising energy, insurance, staff and rent costs. The traditional footwear business, established by Michael Koch in 1987, runs a Tamaris store on Flinger Strasse in the old ...
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News briefs
Vans’ chief product and merchandising officer quits
Marissa Pardini, Vans’ chief product and merchandising oOfficer, has announced her departure from the brand by the end of March. This follows a series of turnovers within VF Corp, the brand’s parent company. Pardini, who joined Vans in December 2022 after a decade with the company and a stint at ...
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News briefs
Shoes Düsseldorf announces dates for 2025
The German trade fair organizer Igedo has announced next year’s dates for its Shoes Düsseldorf trade fair, held at the Areal Böhler in the German city. The footwear fair will run from Feb. 23 to 25 and from Aug. 24 to 26, 2025. Before then, this year’s summer ...
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News briefs
Tod’s doubles its FY net profit
Tod’s more than doubled its 2023 net profit to €50.0 million from €23.1 million a year earlier, as Ebit rose to €94.7 million from €58.2 million. The Italian fashion company confirmed that full-year sales grew by 11.9 percent to €1,127 million. Tod’s decided not to pay a full-year dividend in ...
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News briefs
Skechers renews eyewear licensing deal with Marcolin
Skechers has renewed its global eyewear licensing agreement with the Italian company Marcolin. The partnership, under which Marcolin designs, manufactures and distributes worldwide Skechers branded sunglasses and optical eyewear collections, started in 2014 and has been extended until Dec. 31, 2030.
