News Briefs – Page 9
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News briefsTamaris opens a flagship in Paris
Tamaris has opened a 130 square meter flagship in Paris, near the Garnier opera house. The store is managed by Stéphane Mordowicz of Groupe SMC. Mordowicz already runs several Tamaris stores in France. Tamaris is a brand of the German footwear manufacturer and distributor Wortmann Group. “At this prestigious ...
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News briefs
CMA CGM unit to buy Wincanton
The British logistics group Wincanton approved a 450 pence (€5.2) per share cash offer from CEVA Logistics UK, which is controlled by the French shipping company CMA CGM. The acquisition values Wincanton at approximately £566.9 million (€661m) on a fully diluted basis and £764.9 million (€891m) on an enterprise value ...
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Lubrizol obtains ISCC PLUS certifications for 3 more polymer sites
Lubrizol Advanced Materials announced that three more of its polymers sites obtained the International Sustainability and Carbon Certification (ISCC) PLUS certification at the end of last year. “ISCC PLUS is an international sustainability certification for industrial applications, a standard for fully traceable sustainable supply chains that allows companies to track ...
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News briefsNew top executive at LVMH Fashion Group
Michael Burke will be taking charge of LVMH Fashion Group as chairman and CEO on Feb. 1. He will be succeeding Sidney Toledano, who is leaving the LVMH executive committee and becoming advisor to Bernard Arnault, the founder, chairman and CEO of LVMH. Arnault noted that Toledano has been at ...
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Frasers hikes its stake in Asos to nearly 26%
Frasers Group has increased its stake in the British online fashion retailer Asos to 25.96 percent through a series of transactions in January, according to filings with the London Stock Exchange. At the end of December, the stake stood at 17.88 percent. Based on the latest filing on Jan.18, 17.11 ...
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Frasers Group hikes stake in Boohoo to 21.49% vs 17.22%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 21.49 percent from 17.22 percent, according to a stock exchange filing. The British retailer has been building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an opportunity ...
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News briefs
JD Sports takes full control of MIG
JD Sports Fashion has bought a 40 percent stake in Marketing Investment Group (MIG) and is now the sole owner of the Polish-based wholesaler and multi-channel retailer. The acquisition was completed following clearance by the European Commission. JD Sports already owned a 60 percent stake in MIG, acquired in 2021. ...
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t/s Brand Management takes over the Kastinger license
The footwear company t/s Brand Management GmbH is expanding its portfolio by becoming the exclusive licensee of the Kastinger brand, which specializes in mountain, hiking and leisure shoes. The companies signed a ten-year agreement, starting from Jan. 1 this year. t/s Brand Management showcased the Kastinger brand at ...
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Tobias Eichmeier becomes the CCO of the ANWR group
At the turn of the year, Tobias Eichmeier stepped down as managing director of ANWR’s footwear business ANWR Schuh GmbH to concentrate fully on his role as chief commercial officer (CCO) for the entire buying group. As CCO, Eichmeier will be responsible for the group’s overall strategy alongside his ...
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Ownership and management change at ECC
European-Clearing-Center (ECC), which acts as a platform for electronic data exchange between producers and retailers in the footwear and fashion sector, underwent a change of ownership and management. Effective from Jan. 1, the footwear buying groups ANWR and Sabu and the shoe and leather goods industry association HDS/L purchased the ...
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News briefs
Hapag-Lloyd and Maersk join forces
The German shipping company Hapag-Lloyd and its Danish peer Maersk have signed an agreement for a new long-term operational collaboration called “Gemini Cooperation”, which will start in February 2025. “The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability,” the companies said in a joint statement. ...
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Hugo Boss' Q4 sales, Ebit rise
In the fourth quarter of 2023, Hugo Boss’ currency-adjusted sales grew by 13 percent to €1,177 million, with all brands, regions and channels contributing to top line growth. Meanwhile, Ebit increased by 17 percent to €121 million, but it missed market expectations of €133 million. In the full year, currency-adjusted ...
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News briefs
Snipes’ founder steps down as CEO
Sven Voth, the founder of sneaker specialist Snipes SE, is handing over his position as CEO to Dennis Schröder, who has been the company’s general manager since April 2023. Schröder will immediately assume responsibility for the business of the internationally operating sneaker and streetwear retailer. Voth will remain with the ...
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Vivobarefoot, Balena present 3D-printed compostable shoe
The British footwear and lifestyle brand Vivobarefoot has announced a partnership with Tel Aviv-based circular economy startup Balena, founded in 2020. The aim is to produce shoes that are made-to-order and made-to-measure locally and are compostable and recyclable thanks to Balena’s BioCir®flex range of materials. BioCir®flex is an advanced, flexible, ...
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News briefs
Ugg expands sustainability-oriented Regenerate collection
California-based brand Ugg, a division of Deckers Brands, has introduced the next iteration of Regenerate by Ugg. Made with materials sourced from farms practicing regenerative agriculture, this collection helps to reduce negative impacts while increasing positive ones. The expansion of the brand’s regenerative offering begins with the new Tasman Crafted ...
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News briefs
Burberry cuts its guidance
Burberry expects its adjusted operating profit in the fiscal year ending March 31, 2024 to come in betweem £410 million and £460 million (€477-535m), less than the previous guidance of towards the lower end of a £552 million to £668 million range (€642-776m). It said that it is committed to ...
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News briefs
Clarks Netherlands stores to shut as new GAB wholesale partnership starts
A shake-up of Clarks’ Benelux operations will see the closure of seven branded stores in the Netherlands as it ends its partnership with Mulder Schoenen and starts a new deal with Group Alain Broekaert (GAB). The British footwear company said its shoes will continue to be sold in the Netherlands, ...
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News briefs
Boohoo embroiled in factory closure and label-changing scandal
British fast fashion company Boohoo found itself embroiled in two more potential scandals as it considers closing a factory it established as a flagship center of excellence and was accused of removing original labels at the same plant and replacing them with ‘Made in UK’ tags.Boohoo is consulting with up ...
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News briefs
Sport 2000 Austria joins forces with ANWR Group
At an extraordinary general meeting on Jan. 11, 2024, the Zentrasport Österreich e. Gen. cooperative, which is part of the international retail network Sport 2000, decided to become part of ANWR Group eG and the Sport 2000 country network led by Sport 2000 Germany. In July 2023, the Austrian cooperative ...
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News briefs
Yue Yuen's manufacturing sales decline again in December
Manufacturing sales of Hong Kong-based Yue Yuen Industrial fell by 2.4 percent to $420.4 million in December. It was the slowest decline in manufacturing sales last year. For the whole of 2023, sales were down by 18.4 percent. However, sales at Yue Yuen’s retail business Pou Sheng grew by 15.9 ...
