News Briefs – Page 7
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News briefsMicam to see the presence of 76 Brazilian brands
Abicalçados said that 76 Brazilian brands benefitting from a trade support scheme will be attending the Micam trade show, scheduled to run from Feb. 18 to 21 at the Fieramilano Rho exhibition center on the outskirts of Milan. The delegation is similar in size to the one present at Micam’s ...
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News briefsMaersk warns that Red Sea crisis could last well into H2
Maersk is advising customers to prepare for a Red Sea crisis that could last well into the second half of this year. “Unfortunately, we don’t see any change in the Red Sea happening anytime soon,” Charles van der Steene, the regional president for Maersk North America, told the television network ...
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News briefs
German economic sentiment improves
In February, the index for economic sentiment in Germany rose to 19.9 from 15.2 in January, lifted by expectations that the European Central Bank (ECB) and the US Federal Reserve would start cutting interest rates to stimulate the economy, according to the latest survey released by think tank ZEW. Economists ...
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News briefsDeckers names Robin Green head of Hoka
Deckers Brands has named Robin Green as president of the brand Hoka, with immediate effect. Green will serve on the executive leadership team, reporting directly to Dave Powers, the CEO and president of Deckers Brands. ”Green has an extensive track record of leading and operating complex global businesses while delivering ...
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News briefsFamous Footwear hires a general merchandise manager
Andrew Leckie has joined Famous Footwear as senior vice president and general merchandise manager. He will oversee buying and merchandising for the adult athletic, kids and Canadian businesses, announced Caleres, owner of the American footwear retailer. Leckie began his career in athletics and footwear nearly 30 years ago and has ...
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News briefs
Skechers celebrates dismissal of shareholder lawsuit by Delaware Court
Skechers USA. Inc. has announced that the Delaware Chancery Court has dismissed with prejudice the shareholder derivative lawsuit filed on July 21, 2022, against all current and former members of the Skechers board of directors named as defendants. The court’s decision to dismiss the action with prejudice was met with ...
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News briefsHermès posts strong earnings
Hermès’ revenues amounted to €13,427 million in 2023, up by 21 percent at constant exchange rates and by 16 percent at current exchange rates from 2022. Net profit grew by 28 percent to €4,311 million. Sales of the leather-goods and saddlery division of the French fashion house totalled €5,547 ...
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News briefsSchuh Austria to be held Feb. 13–15 in Salzburg
The Schuh Austria trade fair, which is scheduled to run from Feb. 13 to 15 at the Brandboxx exhibition center in Bergheim, on the outskirts of Salzburg, will host nearly 400 Austrian and international brands, including companies from the Netherlands, England and Italy. Held twice a year, in February ...
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News briefsZegna to build a footwear and accessories factory near Parma
Ermenegildo Zegna plans to build a new luxury footwear and leather-goods production facility near Parma, which will boost the group’s production capacity and promote Italian craftsmanship. The Italian fashion house said the new “cutting-edge center for excellence,” which will be constructed on a ten-hectare plot of land ten kilometers from ...
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News briefsChiara Ferragni rarely attended Tod’s’ board meetings
The Italian influencer Chiara Ferragni has rarely attended Tod’s’ board meetings since her appointment as director on April 21, 2021. According to the daily Il Sole 24 Ore, Ferragni took part in only three meetings out of 17, missing 82.4 percent of the total – a record for a ...
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News briefs
New Balance launches a resale program
New Balance has initiated a new resale program, allowing customers to browse and purchase pre-owned goods from the brand online. Dubbed “Reconsidered,” the program aims to enable customers to trade in their gently worn shoes via mail or in-store drop-offs in exchange for a voucher to use toward their next ...
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News briefsChristian Louboutin enters eyewear with Marcolin
The Italian eyewear company Marcolin and Christian Louboutin have signed an exclusive global licensing agreement for the design, manufacture and distribution of sunglasses and optical frames under the name of the French brand of luxury footwear. The deal, which runs until 2029, marks Christian Louboutin’s debut in eyewear. ”Christian Louboutin ...
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News briefs
Ugg creates new styles with old fabrics
California-based lifestyle brand Ugg has unveiled their latest innovation, dubbed ReImagined by Ugg. The offering includes new shoes crafted from leftover leather and suede. The collection introduces a fresh twist on the company’s classic models while also addressing the surplus materials accumulated from previous seasons. With this new iteration of ...
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News briefsLululemon launches its first men’s collection
Lululemon has revealed its footwear offering for spring/summer 2024 with new casual and performance models, including the brand’s first men’s collection. The Canadian producer of performance apparel for yoga, running and training entered the footwear market in March 2022 with the launch of its first running shoe, Blissfeel, for women. ...
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News briefs
Copardo launches capsule shoe collection with Gitta Banko
Sustainable high-end footwear brand Copardo has launched a first joint capsule collection with the influencer, creative director and entrepreneur Gitta Banko for the fall/winter 2024/25 season. The collection consists of five shoe styles: sandals, pumps, lace-ups, loafers and flat boots. The designs are based on Copardo’s flagship products in ...
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News briefsLong-standing Lowa managing director Werner Riethmann retires
An era comes to an end for the German mountain, outdoor and everyday footwear manufacturer Lowa as its long-standing managing director Werner Riethmann stepped down after more than 30 years in the role, retiring from active management. Riethmann, 75, will continue as a shareholder in the company with a ...
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News briefsZegna’s FY sales reach €1.9bn
Ermenegildo Zegna, the owner of the Zegna and Thom Browne brands and exclusive licensee for the Tom Ford Fashion business, says that full-year revenues for 2023 have come in at €1.9 billion, up by 27.6 percent year-over-year and by 29.7 percent on a constant currency basis, with an organic growth ...
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News briefs
Crocs brand head retires
Crocs, Inc. announced today the retirement of Michelle Poole, the executive vice president and president of the Crocs brand. She will remain in her role until early May, after which she will join the company’s advisory board until the beginning of 2025. Anne Mehlman, the current EVP and chief financial ...
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News briefsCooper Standard expands deal with Nike for use of Fortrex elastomer
Cooper Standard has expanded its agreement with Nike regarding the licensing of the low-density elastomer Fortrex. Based on an initial long-term agreement reached in 2021 to license Cooper Standard’s Fortrex for footwear applications, the new agreement provides NIke with limited exclusivity to use the material for footwear and allows the ...
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News briefs
KaDeWe Group files for insolvency
Berlin’s department store KaDeWe, which opened in 1907, has filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, continue to operate. “Exorbitantly high ...
