Product & Marketing – Page 107
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ArticleGörtz’s insolvency proceedings are over, CK Technology is the new owner
A long period of uncertainty may have come to an end for the Hamburg-based shoe retailer Görtz with the completion of insolvency proceedings and a new owner. According to the Frankfurter Allgemeine Zeitung newspaper, the district court of Hamburg has declared that all proceedings were over, with all debts registered ...
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News briefs
Converse's FY revenues rise 3%
Converse’s revenues in the fiscal year ended May 31 rose by 3 percent to nearly $2.43 billion. Currency-neutral sales increased by 8 percent last year due to revenue growth in North America, Western Europe and licensee markets that was partially offset by declines in Asia, according to the financial report ...
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News briefs
Beverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
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ArticleC-Suite interview: Pablosky ready to leave the beaten track to explore new markets
Even though Spain remains its main market, Pablosky, a Spanish company specialized in children’s shoes, has been very active over the past decades at developing its international reach. And in doing so, it often abandoned the beaten track to explore new geographies. The company, which was founded in 1969, first ...
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ArticleGlobal footwear market seen growing nearly 6% annually to 2027
The size of the global footwear market is set to grow by $133.09 billion from 2022 to 2027 and register a compound annual growth rate (CAGR) of 5.69 percent, according the estimates in Technavio’s latest market research report. The market is forecast to grow by 4.73 percent in 2023 and ...
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ArticleFrench footwear manufacturing revenues rise 10% in 2022
Revenues for French footwear manufacturers rose by 10 percent to €651 million in 2022 from €590 million in 2021, according to the trade association Conseil National du Cuir. In volume, footwear production rose by 0.4 million pairs to 15.2 million last year from 14.8 million in 2021. The manufacturing industry ...
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ArticleThe Brazilian trade show BFShow to hold its first edition Nov. 21-23
Brazilian Footwear Show-BFShow, promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, will hold its first edition on Nov. 21-23 in Porto Alegre at the FIERGS exhibition center. The trade fair also has the support of the Brazilian export and investment promotion agency Apex Brasil and of ...
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News briefs
B.A.V. Shoes takes over Donna Più
B.A.V. Shoes, an Italian footwear company situated in Vigevano, about 36 kilometers south of Milan, has bought the brand Donna Più, which had been withdrawn from the market about three years ago due to the disruption caused by the Covid-19 pandemic. The relaunch of the brand will start with the ...
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News briefs
SUN68 sees 2023 sales rising to €80m
SUN68, the Italian fashion brand created in 2005 by Enrico Spinazzé, increased its sales by 20 percent to €73 million and expects to reach a turnover of €80 million this year. The brand started by selling only apparel and now achieves half its sales thanks to footwear. The brand, which ...
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News briefs
Pakistan footwear exports rise nearly 36% in volume
Pakistan’s footwear exports rose by 35.50 percent in volume to 25.25 million pairs and by 13.74 percent in value to $178.6 million in the 12 months to June 2023, which corresponds to the country’s fiscal year, according to the Pakistan Bureau of Statistics. During the period, Pakistan shipped 10.23 million ...
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News briefs
French footwear retail sales continue to rise in June
In June, French footwear retail sales rose by a seasonally and working-day adjusted 1.1 percent month-on-month, according to the Bank of France. In May, sales of footwear increased by 2.9 percent. Overall, retail sales of manufactured goods in France grew by a seasonally and working-day adjusted 0.7 percent compared with ...
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News briefs
VF promotes Andreas Olsson to general manager EMEA for the Vans brand
VF Corp. has announced the promotion of Andreas Olsson, current vice president of sales at Vans for the Europe, Middle East and Africa (EMEA) region, to VP and general manager Vans EMEA. Olsson previously held a variety of roles at Vans and The North Face. He has also served as ...
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News briefs
Pittards in talks with investor ready to invest £1m
Pittards said that it has successfully concluded discussions with an unnamed trade investor, who has agreed to invest up to £1 million (€1.2m) via the subscription of up to 25,000,000 new ordinary shares at the price of 4 pence (4.6 euro cents) each under the current open offer to shareholders, ...
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News briefs
Marco Bizzarri quits Gucci
Marco Bizzarri, the president and CEO of Gucci since 2015, will leave the company effective Sept. 23. Bizzarri ”has masterminded the execution of Gucci’s outstanding growth strategy since 2015,” said the French luxury goods company Kering, the owner of Gucci. The manager has been a member of Kering’s executive committee ...
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News briefs
Loewe was the hottest brand in Q2
Loewe was the hottest brand in the world in the second quarter of 2023, according to the The Lyst Index. “One of the oldest luxury houses, under creative director Jonathan Anderson the Spanish brand has undergone a renaissance, climbing 13 places over the last 12 months to take the number ...
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ArticleHotter Shoes rescued by WoolOvers in £6.7m sale
Hotter Shoes has been rescued from collapse by the natural knitwear brand WoolOvers, in a pre-pack administration deal worth £6.7million (€7.7m). WoolOvers had approached Unbound Group, the parent company of the British footwear retailer, in March with an initial bid valuing the group £6.8 million but the proposal was rejected ...
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News briefs
Zegna names Lello Gavazza to head Tom Ford Fashion
Ermenegildo Zegna has appointed Lello Gavazza to the new position of chief executive officer of the Italian fashion house’s Tom Ford Fashion label. Gavazza will take on the position on Sept. 18. He has over 20 years of experience in the global luxury sector. He joins Zegna from French luxury ...
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News briefs
Extreme heat to hit productivity of European companies
Extreme heat is likely to cause a nearly 60 percent loss in productivity for companies located in Europe by 2030, according to estimates released by Morningstar Sustainalytics. The expected decline in productivity would stem from mechanical systems breaking down under heat stress, cooling systems failing and unsafe working conditions, according ...
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News briefs
Ponto names a new brand president
Ponto, a footwear brand based in Encinitas, California, has appointed Barry McGeough as brand president. ”McGeough’s appointment marks a significant milestone in Ponto’s journey towards growth and sustainability,” the company said in a statement. He previously held leadership roles at VF, PVH, Google and Wolverine World Wide. Most recently, McGeough ...
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News briefs
Journeys sets up a second-hand resale program
Journeys, the retail chain owned by Genesco, announced the launch of Journeys Second-Hand, a resale program for apparel powered by thredUP’s Resale-as-a-Service (Raas) technology. Journeys Second-Hand allows customers to shop second-hand apparel directly from the brand’s website and resell ”gently-worn” items for Journeys shopping credit. Journeys claims that it is ...
