Product & Marketing – Page 223
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ArticleLVMH, Prada and Cartier launch a blockchain for luxury goods
LVMH, Prada and Cartier, a unit of the Swiss luxury goods group Richemont, have joined forces to develop the Aura Blockchain Consortium, a global luxury blockchain. LVMH said that the collaboration “between competitors represents a single, innovative solution to shared challenges of communicating information on authenticity, responsible sourcing and sustainability ...
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News briefs
Birkenstock opens 3rd U.S. store
Birkenstock has opened its third U.S. store in Brooklyn’s Williamsburg neighborhood. “Williamsburg, Brooklyn is the perfect neighborhood to celebrate and interact with our brand fans in the area. It is a vibrant place unlike any other and serves a new generation of families and urban creatives,” said David Kahan, CEO ...
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ArticleBirkenstock assigned a ‘B’ rating by S&P
The rating agency S&P Global assigned a ‘B’ rating with a stable outlook to BK LC Lux Finco 1 Sàrl, the parent company of Birkenstock. The rating comes after the private equity firm L Catterton and its affiliates, including Financière Agache, the investment company of the Arnault family, agreed to ...
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News briefs
Bleyer files for insolvency
Bleyer, a German producer of sports shoes for special activities, has filed for temporary insolvency because of cash problems caused by the coronavirus pandemic. The company, which employs 21 people, and its web store will continue to operate like before, hoping that the current restrictions on sports and dance events ...
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News briefs
Lloyd Shoes opens a concept store in Vienna
The German shoemaker Lloyd Shoes has opened an 88 square-meter concept store in Vienna’s central Kärntner Strasse. The store offers shoes, accessories and leather jackets for women and men. In order to build up brand awareness in Vienna, the company also created a Lloyd shop-in-shop in the Salamander footwear store ...
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News briefs
Camper revives a shoe model
Camper has brought back the Camaleón model after a 46-year hiatus. The original, released in 1975, was patterned after the shoes of Mallorcan peasants. The redesign has eliminated all but six percent of the virgin plastic from the sole, substituting natural and recycled materials. The upper is made of cotton ...
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News briefs
Italy expects to restart trade fairs from July
Italy’s Industry Minister Giancarlo Giorgetti indicated that trade shows could resume in July after having been suspended due to the Covid-19 pandemic. The government has also earmarked about €400 million in grants to support the trade fair industry. However, the funds still have to be approved by parliament. In the ...
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News briefs
Adidas uses mushroom fibers in a Stan Smith model
Adidas has launched the Stan Smith Mylo, its first shoe whose upper is made with the Mylo material, a soft, natural and renewable alternative to leather that uses mycelium, which comes from the roots of mushrooms. Developed by a biotechnology firm, Bolt Threads, Mylo is described by the company as ...
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News briefs
Steve Madden takes full control of its European unit
Steve Madden has completed the acquisition of the 49.9 percent stake that it did not already own of its European joint venture. The subsidiary was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. “Since its formation nearly five years ago, our European ...
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ArticleSequential Brands cannot comply with its covenants
Sequential Brands, a U.S. group that has a portfolio of consumer brands including Heelys, Avia and DVS, said that it is not expected to be able to comply over the next twelve months with certain of its financial covenants. It noted that if it fails to comply with the covenants ...
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ArticleTexon presents “ground-breaking” ProWeave technology
Texon presented ProWeave, a “ground-breaking” jacquard weaving technology which it claims makes it possible to seamlessly integrate functional and design weaving into a single sheet of material. It commented that ProWeave opens up “infinite new design possibilities” by enabling the production of continuous woven substrates with the “zonal features product ...
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News briefs
Callegari resumes production after fire
The Italian shoe maker Calzaturificio Callegari has resumed production after its factory in Fratta Polesine, in the Veneto region, was destroyed by a fire on March 10. The shoe maker is temporarily operating in a facility located in the town of Rovigo which belongs to one of its subcontractors. The ...
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News briefs
J.M. Weston expands Weston Vintage to Japan
J.M. Weston, the French producer of luxury shoes owned by the private investment company EPI, is expanding its Weston Vintage service to Japan. The service was launched early 2020 in France and enables pre-owned shoes to be restored at the company’s factory in Limoges and be put on the market ...
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News briefs
Pikolinos aims to be carbon neutral this summer
The Spanish footwear company Pikolinos, which operates under the eponymous brand and the Martinelli label, plans to be carbon neutral in July. It claims to have already reduced its carbon footprint by 65 percent since 2016 at its headquarters and Pikolog logistics hub. The company’s sustainability policy focuses on emissions, ...
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News briefs
Luna Calzados launches Étika Shoes
The Spanish company Luna Calzados has launched a new brand, Étika Shoes. The label will include collections for men and women and aims to cover a wide age range. It is available from the current spring-summer season through its own online store and third-party points of sale.
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News briefs
Allbirds to release an open-source version of its Carbon Footprint Calculator
On April 22, with the celebration of Earth Day, Allbirds will release an open-source version of its Carbon Footprint Calculator on Freethefootprint.com. “For too long, many brands have focused on marketing sustainability rather than actually implementing holistic, high-impact solutions — and to an extent, it’s worked,” said Joey Zwillinger, the ...
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News briefsTodd Kahn confirmed as CEO of Coach
On April 15, Tapestry appointed Todd Kahn as chief executive officer and brand president of Coach, following a comprehensive search. Kahn is responsible for all aspects of the brand globally and reports to Joanne Crevoiserat, the CEO of Tapestry. Kahn joined the company in January 2008 and has held a ...
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News briefs
JD Sports Fashion posts resilient results
JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021 despite the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before exceptional items and taxes of 421.3 million pounds ...
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News briefsWolverine appoints Kathleen Wilson-Thompson to board of directors
Wolverine World Wide, Inc. appointed Kathleen Wilson-Thompson to its board of directors. An experienced top executive, she is currently a member of Tesla’s board of directors and brings global retail experience in senior management positions and a total of 14 years as a director for three publicly traded companies. Earlier ...
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ArticleAktiv Schuh’s restructuring plan is approved by creditors
Less than nine months after Aktiv Schuh filed for bankruptcy, creditors unanimously approved its restructuring plan. As the Berlin-based company’s reorganization is about to be completed, Aktiv Schuh - a 120-year-old family business that employs around 200 people - expects self-administration proceedings to be lifted this month. On July ...
