Product & Marketing – Page 220
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News briefs
L Catterton completes the takeover of Birkenstock
The U.S. private equity L Catterton has completed the acquisition of the German footwear company Birkenstock after the deal was approved by the European Commission. The commission concluded that the acquisition ”would raise no competition concerns, given the companies’ moderate combined market positions resulting from the proposed transaction.” The transaction ...
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News briefs
On Running is again reported to be eyeing an IPO
On, the Zurich-based sports brand backed by Roger Federer, publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations for an initial public ...
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News briefs
Havaianas in partnership with Fortnite
Havaianas, the flip-flop brand owned by the Brazilian footwear group Alpargatas, has entered into a partnership with the online video game Fortnite released in 2017 by Epic Games and that currently has 350 million players. Thanks to the collaboration, the Havaianas Summer Island will feature in the game. The flip-flop ...
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News briefs
Chaco releases "Classic" flip-flops for summer
The American brand Chaco Footwear is including the Classic Flip and Classic Flip Leather models in its spring 2021 range. These “performance” flip-flops are made with reinforced, injection-molded polyurethane and polyester webbing. They also have Luvseat arch-support. The Leather model has full-grain leather and a suggested retail price of $75. ...
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News briefs
Teva collaborates with Polaroid
For the summer Teva is releasing a limited edition of sandals in collaboration with Polaroid. The Teva x Polaroid collection comprises both established Teva silhouettes made with recycled materials and a custom refurbished Polaroid 600 camera. There are two sandal models: the Original Universal Polaroid, in grey, and the Midform ...
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News briefs
Amazon to open 8th logistics hub in France
The U.S. online retailer Amazon will open an eighth logistics center in France in the northeast town of Metz. The 156,000 square meter site is scheduled to open in the summer of 2021. The company has started recruiting for the site and pledged to create 1,000 permanent jobs in three ...
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News briefs
U.K. plans to start trade talks with India in the autumn
The U.K. and India are scheduled to start talks about a free trade agreement in the autumn, said the British International Trade Secretary Liz Truss. “We will start negotiations on a full free trade agreement this autumn,” she said in an interview with Sky News. Truss hopes to complete the ...
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ArticleTimberland to create a regenerative rubber supply chain for footwear
Timberland, along with parent company VF Corp. and sister brands Vans and The North Face, is partnering with Terra Genesis International in Thailand to build the footwear industry’s first regenerative rubber supply system. Timberland plans to pilot its first regenerative rubber footwear in 2023. The supply system will eventually be ...
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News briefs
Russia postpones to June 15 deadline to sell unlabeled shoes
The Russian government has once again pushed back the deadline for retailers to sell stocks of unlabeled footwear. The new date is June 15. Labeling shoes with special electronic tags became mandatory in Russia on June 1, 2020. As of April this year, 82,000 companies have registered with the new ...
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News briefs
Wildberries launches sales in the U.S.
Russia’s largest online retailer, Wildberries, has entered the U.S. market, expanding its presence to 14 countries. The company has been active in increasing its international presence this year, with the launch of its German online store in January and in France, Italy and Spain one month later. In 2020, the ...
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ArticleCamper, Mascaró seek EU funds for new production model
The Mallorca-based footwear company Camper and the consultancy FI Group are leading a consortium which has presented to the Spanish government an expression of interest to obtain European funds to create a new production model integrating elements of the circular economy, such as recycling materials, and targeting the development of ...
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News briefs
Caleres presents maiden ESG report
The U.S. company Caleres published its first environmental, social, governance (ESG) report, Caleres Cares … Feet First. The report covers the company’s activities in 2020 and sets commitments for the next five years. The pledges for 2025 include: Use environmentally preferred materials in all of its products and shoeboxes ...
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News briefs
Pitti Uomo scheduled June 30-July 2
The Florence-based men’s fashion show Pitti Uomo is scheduled to be held from June 30 to July 2 after the Italian government announced that trade fairs could resume from June 15 in regions where Covid-19 restrictions have been relaxed. However, the show has been shortened to three days from four. ...
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News briefs
Kodiak to use PrimaLoft P.U.R.E insulation
Kodiak Boots, a Canadian footwear brand founded in Ontario in 1910, announced that it is the first footwear company to use PrimaLoft P.U.R.E. insulation. PrimaLoft P.U.R.E., short for Produced Using Reduced Emissions, is an insulation made from 100 percent recycled PET plastic that reduces carbon emissions by at least 48 ...
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News briefs
Former VF CFO joins Tapestry
Tapestry, the New York-based owner of Coach, Kate Spade and Stuart Weitzman, has appointed Scott Roe as chief financial officer (CFO), effective June 1. Roe will have responsibility for all finance functions as well as leading the company’s strategy and consumer insights teams. He joins from VF Corp., the owner ...
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ArticleGrendene posts strong Q1 but warns about Covid, raw material shortage
In the first quarter of 2021, when it celebrated its 50th anniversary, the Brazilian shoe maker Grendene beat its own expectations by posting gross revenues of 644.3 million reais (€98.5m-$118.4m), up by 43.0 percent year-on-year, and selling 35.4 million pairs of shoes, up by 36.2 percent. Net revenues jumped by ...
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ArticleGörtz granted €28 million federal loan to weather Covid impact
The German footwear chain Görtz received a €28 million loan from the German federal government’s Economic Stabilization Fund (WSF) to weather the impact of the coronavirus crisis. The company’s funding request was approved in April, according to the ministry of economics. The ailing Hamburg-based firm was granted the much-needed ...
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News briefs
Amazon’s sales grew by 44% in Q1
Beating estimates, Amazon’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at 41 ...
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News briefs
Vans honors the skate legend Jeff Grosso
Vans is paying tribute to the skate legend Jeff Grosso with a new Grosso Forever collection. Grosso, who died on March 31, 2020 at the age of 51. The collection leads with the Skate Sk8-Hi, which features re-issued colorways and iconic designs that Grosso sported during important moments in his ...
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News briefs
Veja launches a lighter performance sneaker
Veja, the French sustainable sneaker company, is introducing its second and lighter performance running shoe, made with special materials. Manufactured in Brazil, the Marlin features a 65 percent bio-based rubber outsole, made from Amazonian rubber and rice waste, and a 60 percent sugar cane midsole. The lining is made from ...
