News Briefs – Page 6
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News briefs
Bata joins the Leather Working Group
Bata has joined the Leather Working Group (LWG), a non-profit organization promoting responsible leather by minimizing the environmental impact of its production through a suite of tools and environmental, social and corporate governance (ESG) certification. “By joining forces with LWG, we gain the tools to adopt cleaner solutions, reduce ...
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News briefs
Kuehne+Nagel buys City Zone Express
Kuehne+Nagel, the Swiss logistics group, has entered into an agreement to acquire City Zone Express, a subsidiary of Chasen Holdings, a Singapore-listed company. Headquartered in Malaysia and established in 2006, City Zone Express has over 500 employees and operates in Malaysia, Singapore, Vietnam, Thailand, and China. The company has a ...
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News briefs
GXO Logistics bids for Wincanton
GXO Logisticsis is offering 605 pence (€7.06) per share for the British logistics firm Wincanton, outbidding CEVA Logistics, a French logistics and supply chain company. CEVA, a unit of French shipping group CMA CGM, recently upped its offer to buy Wincanton to 480 pence (€5.60) per share from a previous ...
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News briefs
Creditors approve Schuhhaus Kocken’s restructuring plan
The creditors of the insolvent German shoe retailer Schuhhaus Kocken GmbH & Co unanimously cleared the company’s restructuring plan, which was then confirmed by the Mönchengladbach district court. The family-run retailer started insolvency proceedings under self-administration at the end of August 2023, after taking a hit from sluggish ...
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News briefs
SAC changes names to Cascale
The Sustainable Apparel Coalition (SAC), a global nonprofit alliance that promotes sustainable business practices in the consumer goods industry has changed names to Cascale. The “Cas” in Cascale is “SAC” reversed, while “CA” refers to “collective action,” and “scale” references scaled ambitions, according to a statetement. Cascale comprises over 300 ...
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News briefs
Sioux launches a shoe collection with Maite Kelly
The German shoe manufacturer Sioux has entered a partnership with the German-born Irish pop singer and actress Maite Kelly. Kelly, who has a string of top-charting songs under her belt in Germany, worked with the Sioux creative team to design an exclusive “Maite Metallic” sneaker collection that includes comfortable ...
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News briefs
Tre Zeta Group continues its buying spree
Tre Zeta Group has acquired a 100 percent stake in Walking World, an Italian producer of insole. The company located in Porto Recanati, in the Marche region, was founded in 1990 by Antonio Giampaoli and Sonia Mangialardo. Walking World specializes in components for sneakers and has increased annual revenues by ...
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News briefs
Red tape, higher costs and shopper reluctance weigh on German fashion retailers
Increasing bureaucracy, soaring costs and consumers’ reluctance to buy are putting a strain on German fashion retailers, a survey from the country’s textile, shoes and leather goods trade association, BTE, showed. Bureaucracy is currently seen as the greatest concern as it is rated by the retailers participating in the ...
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News briefs
Moreschi to outsource its manufacturing
Moreschi, an Italian producer of upscale shoes, plans to outsource its production to third parties. In a statement, the Italian footwear company controlled by the Swiss group Hurley deems its own production “not adequate to the required standards” of the brand. According to media reports, the move will lead to ...
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News briefs
Veldskoen Shoes expands in the US
Veldskoen Shoes, a South African footwear brand, has opened new offices in Atlanta as it expands in the US. The expansion plan includes increased availability in major retail outlets, strategic pop-ups in major cities and a strengthened e-commerce platform to make the brand accessible to consumers across the country. “We ...
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News briefs
Della Valle family does not plan to sell Tod’s
The Della Valle family that controls Tod’s has no intention of selling the Italian producer of luxury goods, said Diego Della Valle, the chairman and CEO of Tod’s. “We don’t have to sell anything, we have a family business with young people who want to do this job,” Della Valle ...
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News briefs
Skechers opens a new distribution center in Japan
Skechers is launching a new high-tech distribution center in Minato City, Tokyo. The facility was built with technology from Hai Robotics, with support from material handling consulting company MHE Solutions. The investment is meant to help Skechers meet the growing demand for its products on the Japanese market. The Hai ...
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News briefs
Oerlikon to spin off its Polymer Processing Solutions division
The Swiss industrial group Oerlikon plans to spin off its Polymer Processing Solutions business in order to focus on surface solution markets. “Today, we announce our final strategic step to become a pure-play leader in the broad surface solutions markets with attractive organic and inorganic growth opportunities. We will further ...
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News briefs
Germany could lose 5,000 stores in 2024
The retail sector in Germany is set to lose 5,000 more stores across all consumer goods segments in 2024, extending a downward trend, according to a forecast by the German Retail Association (HDE). By the end of this year, store closures since 2020 are expected to reach 46,000, the ...
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News briefsShiekh Shoes launches a credit card
Shiekh Shoes, a US footwear and apparel retailer, is introducing the Shiekh Credit Card in partnership with Sunbit, a financial technology firm. The co-branded retail credit card is built on the Sunbit Credit Card platform and ”designed to enhance the shopping experience and foster brand loyalty,” Shiekh Shoes said. By ...
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News briefs
Schuh-Welt files for restructuring under self-administration
The German shoe retailer Schuh-Welt has filed for restructuring under self-administration with the Pirmasens district court, as sluggish demand and rising rent and energy costs have taken their toll on the company’s finances. The retailer operates ten stores in southwestern Germany, including its headquarters in Waldfischbach-Burgalben, in the Rhineland-Palatinate ...
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News briefsSkechers’ store network exceeds 5,000 units
Skechers’ store network has exceeded 5,000 locations, and the US company indicates that it is on track to doubling its footprint. The 5,000th store was opened in Bogotá, Colombia. The US footwear company opened its first Skechers store in 1995 in Manhattan Beach, near its corporate offices in Los Angeles. ...
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News briefsFrench shoe sales drop 4.9% in 2023
In 2023, sales volumes of fashion items dropped by 4 percent in France, led by a 4.9 percent decline in footwear, according to the Institut Français de la Mode (IFM), a higher-education institution. IFM noted fashion retailers continued to face a difficult business environment, with chains closing 782 stores and ...
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News briefsLiving Kitzbühel hires a head of product
The Austrian slipper brand Living Kitzbühel has expanded its management team with the addition of Christina Wittmann as the new Head of Product, according to media reports. Wittmann previously worked for 16 years at Leder & Schuh AG, where she most recently served as Head of Buying, after introducing ...
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News briefsHooijer Footwear Group strengthens its sales team
The Dutch distribution and wholesale company Hooijer Footwear Group has strengthened its sales team in Bavaria and Austria. Thomas Lugmeier has been responsible for the Heydude and Crocs brands since the beginning of the year, Hooijer said on its LinkedIn page. He succeeds Gerd Neubauer, who is now in ...
