Product & Marketing – Page 201
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News briefs
Peroni launches limited sneaker edition with M.Gemi
The Italian beer producer Peroni Nastro Azzurro, premium Italian birra, has launched a limited-edition of luxury sneakers in collaboration with the leather shoes and accessories brand M.Gemi. The Peroni x M.Gemi collection features leather footwear for both men and women handcrafted in Italy. The shoes are available on mgemi.com. Founded ...
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News briefs
Shopify launches Tik Tok Shopping in the U.S. and U.K.
The Canadian e-commerce platform Shopify has launched a TikTok Shopping pilot in the U.S. and in the U.K. for its merchants. A select group of merchants in Canada will participate in the pilot in the coming weeks, and the feature will roll out to additional regions in the coming month, ...
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Global kids’ footwear market to grow 4% a year - Technavio
The global children’s footwear market is expected to rise by an annual average of 4 percent between 2020 and 2024 after growing 3.28 percent in 2020, according to a report published by the research and advisory company Technavio. The market is expected to grow by $8.65 billion during 2020-2024, ...
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Invista to double nylon 6,6 polymer capacity at Shanghai site
In an effort to answer the domestic demand for nylon 6,6 polymers, Invista Nylon Chemicals (China) announced plans to double its current production at the Shanghai Chemical Industry Park. The plan follows a 40,000-tonne/year capacity increase that was installed in 2020. Thanks to an investment of RMB 1.5 billion (€197m-$230m), ...
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News briefs
Sam Edelman launches its first fragrance
The U.S. women’s footwear company Sam Edelman, launched its first-ever eau de parfum, Signature by Sam Edelman. The fragrance is inspired by ”the effortless elegance, feel-good spirit and aspirational style of the Sam Edelman brand,” it said. The fragrance was created by Raymond Matts in partneship with Frank Voelkl, principle ...
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ArticleSOLE launches climate accountability initiative and carbon-negative insoles
Canadian footwear company SOLE has launched CO2negative, an initiative in collaboration with ReCORK to promote and facilitate the accurate labeling of the climate impact of consumer products and the certification of CO2-negative products, and simultaneously announced its first CO2negative-certified insoles, the Performance footbed collection. Made from ReCORK recycled cork, the ...
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ArticleFormer Coach head to become Capri’s CEO
On Aug. 24, Capri Holdings, the luxury goods group that owns the brands Jimmy Choo, Versace and Michael Kors, appointed Joshua Schulman as CEO of Michael Kors. In September 2022, he is due to succeed John Idol as CEO of Capri, when Idol will become executive chairman. Idol is currently ...
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ArticleHotter Shoes outperforms U.K. retail sector
The British comfort footwear brand Hotter Shoes reported a strong increase in sales during the month of July, despite the overall weak performance of U.K. retail since stores reopened in April after a Covid-19-related lockdown. The company said July sales increased 24 percent against June. Total sales were up 82 ...
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ArticleStella continues building up its foreign manufacturing base
The Hong-Kong-based footwear manufacturer and retailer Stella International expects its new factory in Solo, Indonesia, to come on stream in the third quarter of 2021 as the company continues to increase production outside the Chinese mainland. The plant is expected to contribute to overall sales in 2022. Solo will be ...
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News briefs
Deichmann may double its store network in the U.K. over time
The German footwear company Deichmann plans to expand in the U.K., where it could gradually double its network of 109 stores. In an interview with the Financial Times, Samuel Deichmann, the 28-year-old great grandson of the chain’s founder who manages the British business, said that the company sees ”a lot ...
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Tata International names a new head of its leather division
The Indian group Tata International has promoted Atul Nagrath to the helm of its leather products division, replacing Vembu Muthukumaran who is leaving the group after nearly 20 years. The appointment is effective on Sept. 1. Atul Nagrath is in charge of procurement at the leather products division. Prior to ...
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ArticleStuart Weitzman plans to be profitable this fiscal year
Tapestry, the American group which owns Stuart Weitzman, expects the footwear company to become profitable again in the fiscal year that just started after undergoing a significant restructuring. In the fiscal fourth quarter ended on July 31, Stuart Weitzman managed to significantly cut its operating losses thanks to higher revenues ...
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ArticleHotter’s parent to diversify into apparel and wellness brands
Electra Private Equity, the parent company of the British brand of comfort footwear Hotter Shoes, will undergo a radical transformation that will result in it expanding its offering beyond footwear to include apparel and wellness brands as well as complementary third-party labels. The company will be targeting consumers aged over ...
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News briefs
Klarna launches in Poland
Klarna, the Swedish banking, payment and shopping service with over 90 million users worldwide, officially launched in Poland on Aug. 18, partnering with H&M to introduce the “Pay in 30 Days” option and the Klarna app. Klarna will expand its presence in Poland with a local team and office in ...
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News briefs
U.K. consumer confidence at pre-pandemic level - GfK
According to their latest consumer survey of around 2,000 citizens, market analysts at GfK see the U.K. Consumer Confidence Index at pre-pandemic levels of -8 in August, against a backdrop of cooling headline inflation and rising house prices. Expectations regarding personal financial situations over the next 12 months continue, and ...
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News briefs
Japanese sneaker platform Soda raises $56 million
Japanese sneaker platform Soda raised 6.2 billion yen (€48.1m-$56.4m) in a Series C funding. The main investor was Kream Corporation, a South Korean sneaker reselling platform that is part of the portfolio of South Korean SoftBank Ventures Asia, which in turn is also one of the Series C investors, along ...
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ArticleC-Suite interview: Covid-19 spawns the Italian leather sneaker start-up Accricco
Accricco Shoes is the story of three friends – Alessandro Canullo, 27 years old, Leonardo Lucarelli (27) and Matteo Romagnoli (29) – all from the same town of Monte San Giusto in the Italian region Marche, home to one of the country’s most renowned footwear cluster. When the first Covid-19-related ...
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Shoepassion turns N91 into a lifestyle brand
The Berlin-based footwear company Shoepassion has decided to transform its N91 sneaker label into a lifestyle brand. “N91 reinterprets the urban lifestyle around the sneaker cult and at the same time relies on the highest ethical and ecological standards. With N91 we present contemporary designs from the heart of Berlin ...
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Superga confirms Hailey Bieber as global ambassador
Superga, the Italian brand known for its cotton canvas sneaker, has confirmed Hailey Bieber as its global ambassador for the autumn campaign. The American model, who married the Canadian singer Justin Bieber in 2018, featured in Superga’s spring 2021 advertising campaign.
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Farfetch GMV rises 40% in Q2
In the second quarter, the British online fashion retailer Farfetch posted a 40 percent year-on-year increase in gross merchandise value (GMV) to $1.008 billion, driven by a similar growth to $913.4 million in GMV generated by the digital platform. GMV stemming from the brand platform grew to $72.7 million from ...
