Product & Marketing – Page 195
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News briefs
Pakerson sees 2021 sales up 25%
Pakerson, the Italian manufacturer of high-end men’s shoes, expects 2021 sales to rise by 25 percent after falling about 30 percent last year because of the impact of the outbreak of the Covid-19 pandemic. At the end of August, sales were up by 19 percent. The company generates 90 percent ...
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ArticleANWR Group 2020 revenues stable
ANWR Group weathered out the Covid-19 pandemic to end 2020 with a 0.2 percent increase in revenues to €17.8 billion. Last year posed a tough challenge to ANWR, but the group was able to withstand the crisis thanks to its financial services and the sports business, as well as the ...
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ArticleBritish luxury brands face duty-free hit
The U.K.’s luxury goods sector is set to feel the full impact of the government decision to axe tax-free shopping as Covid-19 travel restrictions come to an end and a key Chinese week-long public holiday looms, a survey showed. Latest data from the e-commerce specialist ESW revealed that 46 percent ...
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News briefs
Grendene to build a new plant
The board of the Brazilian footwear manufacturer Grendene has approved a new factory in Crato, in the state of Ceará. Construction of the 10,800-square-meter manufacturing facility is planned for 2022. The plant will cost 30 million reais (€4.7m-$5.5m) and generate 1,000 jobs. It will increase Grendene’s production capacity by 500,000 ...
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News briefs
Brazilian firms to generate $5.4m in orders at Micam
The 18 Brazilian footwear brands present the Micam trade fair, which was held in Milan on Sept. 19-21, are expected to generate over $5.4 million in revenues, thanks to deals that were closed during the show or that they began negotiating during the event, according the to the Brazilian footwear ...
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News briefs
Style Capital invests in LuisaViaRoma
The Italian private equity firm Style Capital is investing €130 million, partially through a capital increase, in the Florence-based online multibrand retailer LuisaViaRoma. The deal is expected to close this year and give Style Capital a 40 percent stake in LuisaViaRoma, while the retailer’s chairman and CEO, Andrea Panconesi, will ...
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News briefs
Zalando invests in Infinited Fiber
Zalando has joined Adidas, H&M and an investment arm of the Bestseller Group in a round of financing to help Infinited Fiber Company of Finland to build a facility for the commercial production of its biodegradable fiber, called Infinna. The company’s technology converts textile waste and other cellulose-based raw material ...
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News briefs
Skechers wins Energy Lights lawsuit
A District Court for the state of Illinois has dismissed with prejudice a proposed class action suit launched by Rikki Guajardo in May 2019. She claimed that her child had suffered pain and burns when Skechers’ Energy Lights sneakers heated up. She accused the company of deceptive trade practices and ...
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News briefs
Asos to invest in a tech hub in Belfast
The British online fashion retailer Asos is planning to invest £14 million (€16.2m-$18.9m) to create a new tech hub in Belfast. The site is scheduled to be operational early 2022 and create 184 jobs over three years, with 52 hirings in the first year.
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News briefs
CCC buys and sells a 10% stake in Eobuwie
On Sept. 23, the Polish footwear group CCC bought a 10 percent stake in its unit Eobuwie from MKK3 and subsequently transferred to A&R the ownership of the acquired block of shares based on a disposal agreement reached on June 22, 2021. Following the transaction, CCC Shoes & Bags owns ...
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ArticleCCC continues to expand its digital offer
The Polish footwear company CCC has appointed Adam Marciniak as vice president responsible for technology and digitization, which also includes e-commerce. Marciniak has worked for various banks in Poland for the past 20 years. “Our company has undergone an enormous change in the field of new technologies and digitization in ...
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ArticleHigg starts traceability program for supply chain sustainability
Technology platform Higg has launched a new traceability program developed in collaboration with software, cloud and data processing specialists atma.io, FibreTrace and TrusTrace. The new technical solution aims to offer comprehensive transparency across the global supply chain – enabling brands to highlight and disclose sustainability information on their own and ...
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ArticleLloyd sees sales rebound, launches new biking shoe collection
The German shoemaker Lloyd Shoes is preparing the commercial launch of a new collection for e-bike riders heading to the office, as its own business starts to pick up after suffering from coronavirus-related lockdowns. Lloyd will begin selling the snap collection in early October in stores, including bicycle retailers, in ...
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News briefs
U.K. consumer confidence weakens in September
In its latest U.K. Consumer Confidence Survey conducted amongst a sample of 2,000 individuals aged 16+, GfK market researchers see significant anxiety about the possible cost of living in the U.K. that leads to a hesitant buying climate and lower expectations for the future. All scores went down, with the ...
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News briefs
Canada Goose to start selling footwear on Nov. 12
Canada Goose announced the widely expected market launch of its first footwear line on Nov. 12, starting with two luxury-priced snow and hiking boots offered at suggested retail prices of $750 and $1,295. The new product launch follows six months of testing by a group of 40 men and women ...
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ArticleMatching site for Italian artisans grows with Covid-19
Established in 2015 to provide an online bridge between international brands seeking the artisanal skills unique to the Italian manufacturing fabric, and those very craftsmen who were looking to expand their reach but were too small to go out and find these clients, Italian Artisan has really come into its ...
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News briefsThe athletic shoe market dipped by 8.2% in 2020
The athletic footwear market has been performing generally better than the market for sports apparel and sports equipment in the last decade. Apparently, the opposite happened last year because of the Covid-19 pandemic, as many consumers didn’t buy a new pair of sneakers, except for running or exercizing, as they ...
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News briefs
Nike cuts guidance as supply chain woes worsen in Q1
The Nike group cut its guidance for fiscal year 2022 despite strong consumer demand, as it warned of inventory shortages over the next few quarters in the face of continuing supply chain headwinds that already took their toll on its sales performance in the first quarter ended Aug. 31. Nike’s ...
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News briefs
Asos enters the e-sports arena through Fnatic
Asos has signed a three-year deal with Fnatic, an e-sports brand with 30 million users, many of them members of Gen Z. As Asos’ chief growth officer, Robert Birge, explains, “gaming and fashion are both passions for young adults,” and “Gen Z-ers increasingly express their style in both the physical ...
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News briefs
Court sets an Oct. 28 deadline to bid for Sequential’s brands
The auction being supervised by U.S. Bankruptcy Court for the District of Delaware for the bankrupt Sequential Brands Group is set to start next month. Interested parties have been given a deadline of Oct. 28 to submit bids for any of its assets to be added to those already filed ...
