Product & Marketing – Page 222
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News briefs
Ferragamo’s shareholders elect a new board
Salvatore Ferragamo’s shareholders elected on April 22 the new board which will be in place for the next three years. The board immediately appointed Leonardo Ferragamo as non-executive chairman. He replaces his brother Ferruccio, who held the job for 15 years. The company confirmed Michele Norsa as executive vice chairman ...
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News briefs
Alber Elbaz dies
Richemont announced the death of Alber Elbaz at the age of 59. In October 2019, the Swiss luxury goods company entered a joint venture with the designer which led to the creation of the brand AZ Factory. According to media reports, Elbaz died of Covid-19. Elbaz is best known for ...
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News briefs
Hermès’ leathergoods sales up by 18% in Q1
The revenues of the French luxury goods group Hermès totaled €2,084 million in the first quarter, an increase of 44 percent year-on-year at constant exchange rates and 38 percent at current rates driven by Asia. The organic revenue growth was 33 percent. At constant currency rates, sales in Asia, excluding ...
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News briefs
Italy to reopen trade shows as soon as June 15
On April 21, the Italian cabinet approved to reopen trade shows from June 15 and conventions and congresses from July 1, after having been suspended due to the Covid-19 pandemic. The reopening of trade fairs could occur sooner than previously announced. Initially, the Industry Minister Giancarlo Giorgetti had indicated a ...
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News briefs
Salomon launches a recyclable shoe
After three years of R&D – largely to find separable materials – the French sports equipment manufacturer Salomon is introducing this spring its first recycled and recyclable shoe, a road-running model designed to balance performance against the demands of the circular economy. The 285-gram Index.01 has the R.Camber rockered design ...
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News briefs
VF Corp. appoints new CFO
VF Corp. has promoted Matt Puckett to the position of executive vice president and chief financial officer, reporting to VF’s CEO, Steve Rendle, and serving on the company’s executive leadership team. Puckett joined VF in 2001 as a senior accountant in the finance department. In the following years, he held ...
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ArticleVans sets sustainability targets for 2030
Vans, a leading brand of the American group VF Corp., has announced a range of sustainability goals that it intends to achieve by 2030. The brand is committing to making 100 percent of its core materials – rubber, cotton, leather, and polyester – regenerative, responsibly sourced, renewable or recycled by ...
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ArticleSkechers is boosted by international wholesale and digital
Lifted by robust international demand, Skechers’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the International Wholesale ...
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ArticleLVMH hikes stake in Tod’s to 10% and triggers takeover speculation
Tod’s’ shares rose by 11.39 percent to €39.32 in trading on the Milan exchange on April 23 after the announcement that LVMH would increase its stake in the Italian footwear company to 10.0 percent, a move analysts believe could be a prelude to an eventual acquisition. Tod’s’ chairman Diego Della ...
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ArticleRussian shoe sales remain weak except in main cities
In March, demand for shoes in Russia was estimated 15 percent lower in volume than during the same period of the previous year, according to a research conducted by the Russian IT firm Evotor. The decline can be partially attributed to a price increase caused by the depreciation of the ...
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ArticleTrade fair organizer says demand for physical events remains strong
Informa, a British provider of information services, advanced learning, B2B exhibitions and events, said that demand for physical events “remains strong” and it expects the sector to resume growing from next year after having being hit by Covid-19-related restrictions. Informa’s unit Informa Markets is involved in numerous trade shows including ...
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ArticleZalando's pre-owned service now reaches 13 countries
On April 22, Zalando extended its service selling second-hand garments to seven additional European countries: Austria, the Czech Republic, Denmark, Finland, Ireland, Italy and Sweden. In October 2020, Zalando launched the “pre-owned” platform in six countries: Germany, Spain, Poland, France, Belgium, and the Netherlands. Torben Hansen, vice president recommerce at ...
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News briefs
New chief marketing officer for Vans
Vans has appointed Kristin Harrer as chief marketing officer. Described by the company as a “true brand expert in digital and direct to consumer experiences,” Harrer held senior marketing positions in the last four years at Samsung Electronics and the Dollar Shave Club of Los Angeles. Prior to that, she ...
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ArticleThe Hickies brand of no-tie shoelaces is for sale
Acting in behalf of Midcap Funding XVII Trust, which is Hickies’ main lender, Hilco Streambank is seeking bids for the acquisition of the American brand of no-tie shoelaces and related assets on its website by May 20 at the latest, setting a date of May 25 for their auction. The ...
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News briefs
European Parliament to vote on Brexit deal April 27
On April 27, the European Parliament will vote on the post-Brexit trade deal agreed between the EU and the U.K., its spokesman, Jaume Duch, said on Twitter. EU lawmakers are expected to clear the deal, which faces an end-April deadline for approval and was backed last week by parliamentary committees. ...
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News briefs
Eobuwie.pl opens a new distribution center in Bucharest
Eobuwie.pl, an online retailer owned by the international Polish-based shoe manufacturer and retailer CCC, is opening a new logistics center in Bucharest to cover Romania, Bulgaria and Greece. The facility will have a storage capacity of 1.5 million pairs of shoes and the first shipments are scheduled for June ...
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News briefsKering Q1 comparable sales up 25.8%
Kering’s revenues rose by 21.4 percent year-over-year in the first quarter to €3,890 million, with comparable sales up by 25.8 percent driven by Asia-Pacific and North America. The top line grew by 5.5 percent at constant exchange rates against the first quarter of 2019. Comparable revenues generated by the group’s ...
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ArticleTencel launches e-commerce platform
The Lenzing group’s Tencel textile brand has launched the Tencel eShop. This first e-commerce site from a sustainable fiber manufacturer “bridges the divide between manufacturers and the end-consumer by curating a diverse mix of apparel and home goods made of Tencel branded fibers,“ the company said. The debut marks a ...
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News briefs
Russia appeals less to foreign brands
A research by CBRE indicated that international brands have partly lost interest in the Russian market due to the Covid-19 pandemic. In the first quarter of 2021, only three fashion brands entered the country: Ecco Kids, Shikkosa and Accessorize. This is estimated to be the lowest number since the 2014 ...
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ArticleExpo Riva Schuh rescheduled to July 18-20
The 95th edition of Expo Riva Schuh and the 6th edition of Gardabags have been pushed back to July 18-20 “to enable the workers in this sector to get back together in person and in total safety.” The summer editions of the joint footwear and handbag trade shows, which are ...
