News Briefs
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News briefs
CCC Group posts sees 7% sales boost at start of Q1
CCC Group, the Polish footwear and fashion group, said sales in the period running from Feb. 1 to March 31, 2024, increased by 7 percent compared to the year earlier to reach 1.3 billion zloty (€300.5 million). In the same period, which corresponds to the first two months of the ...
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News briefs
LVMH’s sales decline in Q1
LVMH’s fashion and leather goods division posted revenues of €10.490 billion in the first quarter of 2023, down by a reported 2 percent year-over-year but up by 2 percent organically. Sales for the whole French luxury-goods conglomerate were down by a reported 2 percent to €20.694 billion, but up ...
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News briefs
US regulator reportedly to vote on blocking Tapestry, Capri merger
The five commissioners of the The Federal Trade Commission (FTC) are scheduled to meet next week to vote on whether to file a lawsuit to block Tapestry’s $8.5 billion takeover of Capri Holdings, The New York Times reported, citing two sources familiar with the matter. The newspaper noted that the ...
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News briefs
Footway Q1 sales halved
After concluding a more than six-month-long restructuring process on Feb. 13, Footway, with twelve e-commerce platforms in its portfolio, released its sales figures for the first quarter of 2024. The year started off on a challenging note, with sales more than halved. Revenue amounted to SEK102 million (€8.8 million) compared ...
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News briefs
Shoe Zone’s Antony Smith leaves the board
Shoe Zone said that from April 16, Anthony Smith is stepping down from the board of the parent company to increase his focus on the day-to-day running of the business. He will however remain as a director of Shoe Zone’s operating subsidiary, Shoe Zone Retail Limited.
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News briefs
CEC co-signs a European industry manifesto for relaunching competitiveness
CEC has joined forces with 85 other European and national industry associations to publish a manifesto called Relaunching European Competitiveness. “The manifesto calls against the risk of de-industrialization on our continent by relaunching Europe’s competitiveness. The EU enters a new policy cycle at a challenging time, with technology and geopolitics ...
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News briefs
Stanbee names a new global sales director
Stanbee, a US footwear components provider, has appointed Tom Muller Global Sales Director. He replaces Leo Provencher, who is due to retire in May. Muller has more than three decades of experience in the industry, having spent the last twenty years with Texon International, most recently as US brand director ...
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News briefs
Christian Louboutin targets annual sales of €1bn
Christian Louboutin aims to achieve annual sales of more than €1 billion, according to John Elkann, the CEO of Exor, a Dutch incorporated holding company that invested €541 million in 2021 to buy a 24 percent stake in the French luxury shoe maker. Elkann did not indicate when the revenue ...
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News briefs
Birkenstock invests €15m in Portuguese plant
Birkenstock is investing €15 million in Portugal to expand its recently acquired component manufacturing facility in the Iberian country. The new 13,000-square meter factory in the São Domingos Industrial Zone in Arouca, in the Metropolitan Area of Porto, in the Norte Region, is expected to be completed by December 2024, ...
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News briefs
Sajaco Nordic takes over Morris-Accent from Rizzo Group
Following an accelerated bidding process, a unit of Sajaco Nordic has acquired Morris-Accent, the Norwegian subsidiary of Rizzo Group, a Swedish retailer of bags and accessories. Sajaco Nordic, which is based in Sweden, claims to be Scandinavia’s largest wholesaler of bags. On April 8, the ownership of the shares in ...
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News briefs
Patent protection for OrthoLite Hybrid Technology line expanded
The US-based insole specialist OrthoLite announces that, as of April 2, 2024, patent protection has been expanded for the speckled design of its Hybrid Technology line, including Hybrid, HybridPlus-Bio and HybridPlus Recycled. The patents protect the colored foam-speckled design that represents “quality, comfort, and the inclusion of at least 20 ...
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News briefs
Gucci names a deputy CEO
Gucci has nominated Stefano Cantino as Deputy Chief Executive Officer, effective May 2. Cantino comes to Gucci from Louis Vuitton, where he was responsible for communications and brand image. Prior to working at Louis Vuitton, Cantino spent over 20 years of his career at Prada. The post of Deputy Chief ...
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News briefs
Lloyd launches Lufthansa collection
German shoemaker Lloyd Shoes has joined forces with the airline company Lufthansa to launch a licensed collection for the spring/summer 2024 season. The new product range features travel shoes which offer added comfort for long-haul flights and comprises 14 models, including five women’s and nine men’s styles. A purpose-designed backpack ...
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News briefs
Macy’s names two independent directors in agreement with Arkhouse
Macy’s has appointed two new independent directors, Richard Clark and Richard Markee, to its board of directors, effective immediately. The appointments follow the board’s engagement with Arkhouse Management, resulting in the withdrawal of the latter’s director nominations and ending a proxy contest. Arkhouse ignited the proxy battle in February after ...
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News briefs
P448 sets up a European joint venture with The Camp Brands
The Italian footwear label P448 has formed a joint venture with The Camp Brands, a Spanish firm specializing in the distribution of brands. The joint venture, called P448 Europa, will be managed by Javier Carera, the co-founder of The Camp Brands. It will expand P448’s distribution in Europe as well ...
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News briefs
P.F. Flyers partners with Revolve.com
P.F. Flyers, an American lifestyle shoe brand, is partnering with the fashion retailer Revolve in what it qualified as a “significant step” in its expansion beyond direct-to-consumer into wholesale distribution. With the partnership, P.F. Flyers’ Desert Adventure collection is sold exclusively on revolve.com since April 8. P.F. Flyers will also ...
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News briefs
Esprit’s Belgian unit files for bankruptcy
Esprit Holdings Limited, the fashion group incorporated in Bermuda and listed in Hong Kong, said that its Belgium unit Esprit Belgie Retail (BEBR) filed for insolvency on April 8 due to high costs and negative consumer sentiment. In a statement, Esprit said that it “is now focusing on a comprehensive ...
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News briefs
Euratex announces initiative to promote upskilling in the textiles, clothing, leather and footwear industry
The European Apparel and Textile Confederation (Euratex) is launching a new project to promote upskilling and reskilling in the textiles, clothing, leather and footwear (TCLF) industry. The new “TCLF Skillbridge” initiative, supported by the European Commission’s department for growth (DG GROW), will focus on establishing regional skills partnerships. In the ...
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News briefs
Taft launches a women’s collection
The New York-based men’s footwear brand Taft has launched its first women’s collection called Taft for Her. “Expanding Taft into a women’s collection has always been something on our radar,” said Jordan Hancock, the company’s director of design and development, in a statement. “For years there have been numerous ...
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News briefs
Kuru Footwer releases its 2024 Foot Pain Trends Report
Kuru Footwear has issued its 2024 Foot Pain Trends Report which examines the latest findings surrounding foot pain in America. The Salt Lake City footwear company carried out a survey of over 3,000 American adults that showed that eight in 10 Americans experience foot pain, with nearly half of those ...
