News Briefs – Page 7
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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 ...
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News briefsWortmann obtains a court victory against Birkenstock
The Wortmann Group says that its subsidiary shoe.com GmbH & Co. KG has obtained a victory in the Higher Regional Court of Cologne against Birkenstock in a case alleging copyright infringement. In a ruling issued on Jan. 26, the court overturned a decision made on May 11, 2023, by the ...
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News briefs
JD Worldwide opens a warehouse in Paris
JD Worldwide has announced plans to open its first warehouse for fashion goods in Paris. This initiative is key in fulfilling the company’s cross-border e-commerce strategy, aiming to bring more European brands into the Chinese market by offering efficient solutions. The warehouse will be located in Val-d’Oise, on the outskirts ...
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News briefs
Footway secures a debt settlement
Footway Group’s restructuring plan has been approved, resulting in a debt settlement where the e-commerce company will pay approximately 70 million Swedish kronor (€6.17m) to its creditors in mid-March. The decision had broad support among creditors and Footway expects to exit the restructuring program in mid-February. According to the company, ...
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News briefs
Nike sues Global Heartbreak over alleged Air Jordan imitations
Nike has filed a lawsuit in New Jersey District Court against Global Heartbreak and its founder Naadier Riles for trademark infringement of the Air Jordan 1 High. According to the complaint, the defendant copied Nike’s silhouette and outsole design and replaced the branding with his own. Riles allegedly admitted that ...
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News briefs
Sung Choi returns to Clae as creative director
After founding Clae, a Los-Angeles based sneaker brand, in 2001 and leaving the company in 2016, Sung Choi returns as its new creative director. Prior to founding Clae, Choi was footwear designer for neary four years at DC Shoes and director of footwear design at Lakai Footwear for over three ...
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News briefs
Ferragamo hires a new CFO
Salvatore Ferragamo has appointed Pierre La Tour as chief financial officer (CFO), effective March 18. He is currently CFO of Biesse, an Italian producer of machines to process wood, glass, stone, plastic and metal. La Tour succeeds Alessandro Corsi, who left the Italian fashion group in Sept.30. Corsi had been ...
