Product & Marketing – Page 109
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ArticleHow Turkey is rebuilding Antakya’s shoe cluster after the earthquake
Where footwear factories once stood in Antakya, the city in southeastern Turkey devastated by an earthquake in February 2023, name tags and signboards are the only traces left in the flattened and desolate landscape. But 40 kilometers away, in a town called Reyhanlı, Turkish authorities have installed container shelters and ...
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ArticleHow Portugal is planning to spend €120m to boost its footwear industry
Portuguese footwear producers are working on two projects to modernize the country’s industry with critical financing provided by Portugal’s recovery plan. The Agile, Intelligent, Sustainable and Technological Factory (FAIST) and the BioShoes4All projects rely on funds from Portugal’s €16 billion Recovery and Resilience Plan (PRR), part of the European Union’s ...
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ArticleSafeSize beefs up its management team
SafeSize, a retail tech company providing shoe fitting solutions for physical and online stores, has appointed three senior members to its sales and operations team as part of its international push. Bote Galema joins as strategic account director for Northern Europe, Roel van der Wielen as strategic account director for ...
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News briefs
Birkenstock reportedly mulls an IPO
The U.S. private equity L Catterton is considering strategic options for Birkenstock including an initial public offering in the U.S. this year or in 2024, which could value the German sandal maker more than $6 billion, according to the news agency Bloomberg. The private equity’s advisers include Goldman Sachs and ...
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News briefs
Clarks names Bob Neville as head for the U.K. and Ireland
Clarks appointed Bob Neville as its managing director for the U.K. and the Republic of Ireland, effective in August. He will report to Jon Ram, the CEO of the British brand. Neville returns to the U.K. from Hong Kong, where he spent 30 years working for Under Armour, New Balance ...
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News briefs
Moncler releases 3D-printed trail running shoe
Moncler has partnered with 3D-printed shoe manufacturer Zellerfeld to release a 3D-printed trail running shoe. The single-construction mono-material shoe is made out of recyclable materials and is a new addition to Moncler’s Trailgrip line. The Moncler Trailgrip 3D is extremely limited and will only be available for members of ...
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ArticleThe family office MKCP takes over Bama
Bama, the German supplier of shoe care products and insoles that is part of the Serafin group, has found a new investor. MKCP, a Hamburg-based family office, has taken over the firm and its assets as part of an insolvency procedure, Bama announced. The company applied for self-administration ...
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News briefs
Wolverine eases its financial covenants
Wolverine World Wide eased its covenants by entering into a fourth amendment of its existing credit agreement set up on July 31, 2012. The amendment provides the U.S. company with near-term financial and operational flexibility by adjusting the maximum consolidated leverage ratio under the credit agreement from 4.5x EBITDA to ...
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News briefs
Jimmy Choo enters eyewear license with EssilorLuxottica
Jimmy Choo, the British shoe maker owned by the luxury goods group Capri Holdings, has signed with EssilorLuxottica an exclusive license agreement for the design, manufacture and worldwide distribution of Jimmy Choo Eyewear. The agreement will be effective from Jan. 1, 2024 until Dec. 31, 2028, with an automatic renewal ...
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News briefs
Hooijer reorganizes the sales team for Lazamani, Heydude and Scholl
The Dutch distribution and wholesale company Hooijer Footwear Group reorganized the sales team for its own brand Lazamani as well as for the Heydude and Scholl brands. Randolf Friedel, who has been head of sales since April, has entrusted Sascha Patchoull, Marcus Brunke, Torsten Pöhner, Gerd Neubauer and Hans-Jörg ...
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News briefs
ANWR Group appoints new top managers
The German footwear buying group ANWR has reshuffled its board as some members go into retirement and new talents are promoted. The board member Fritz Terbuyken stepped down after 15 years and on June 19, 2023 was succeeded in the role by Tobias Eichmeier, the Mainhausen-based organization announced in a ...
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News briefs
Deerberg files for bankruptcy
The women’s fashion company Deerberg, which operates in Germany, Austria and Switzerland, has filed for bankruptcy. The clothing, footwear and textiles direct-to-consumer brand applied for the opening of insolvency proceedings at the district court of Uelzen, in the northeastern Lower Saxony region of Germany as soaring inflation and the ...
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News briefs
Puma commits to bovine leather from verified deforestation-free supply chains
Puma has joined the Deforestation-Free Call to Action for Leather, launched by global non-profit organizations Textile Exchange and Leather Working Group (LWG), to create equitable, transparent and deforestation-free leather supply chains. The cross-industry initiative asks brands to commit to sourcing their bovine leather from deforestation/conversion-free supply chains by 2030 or ...
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News briefs
Vivobarefoot tests digital platform for personalized footwear
Footwear and lifestyle brand Vivobarefoot is introducing VivoBiome, an experiential platform for personalized, circular, locally assembled footwear. Each VivoBiome product can be tailored to the customer’s needs and preferences. The VivoBiome footwear uses SLS 3D printing and artificial intelligence (AI) data. Vivobarefoot is looking for 200 Brits to try the ...
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News briefs
Canada Goose to launch its first sneaker collection
Canada Goose is introducing its first-ever sneaker line on July 18. Called The Glacier Trail, the sneakers, which will debut in both a low-cut version as well as a high, for men and women, have been described by the brand as intersecting style and performance for versatile, multi-seasonal wear. The ...
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News briefs
Kennel & Schmenger invests in Pirmasens site
The German shoe manufacturer Kennel & Schmenger is stepping up investments in its manufacturing site and headquarters in Pirmasens, in the Rhineland-Palatinate region, with modern technology, new machinery and updated organizational systems. The entire assembly factory of the company, which manufactures premium women’s shoes, was redesigned between late May ...
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News briefs
JD Sports to buy out minority shareholders in ISRG
JD Sports Fashion plans to buy the 49.98 percent stake in Iberian Sports Retail Group (ISRG) that is currently held by Balaiko Firaja Invest and Sonae Holdings for a total cash consideration of €500.1 million which will be funded from its existing available cash resources. Upon completion, the British retailer ...
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News briefs
France extends clearance period to Aug. 1
The end-of-season clearance period for French retailers will be extended by a week to Aug. 1 from July 25 to help the sector that has been affected by recent violent unrest, the government announced. The clearance period started on June 28. “We will extend the clearance period to August 1,” ...
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ArticleJD Sports expands into Middle East through a franchise deal
JD Sports Fashion signed the first franchise agreement for the JD banner with GMG, a Dubai-headquartered company. The partnership will enable the group ”to deliver on the roll out of its ‘JD Brand First’ strategy and is a pivotal move in the continued expansion into underpenetrated markets,” the British ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
