Product & Marketing – Page 231
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News briefsNew offices for Zara Man, Zara.com
Zara will inaugurate on March 17 new eco-efficient and high-tech premises in Arteixo, in the northwestern Spanish region of Galicia, where its parent company Inditex is located. The new 67,000 square meter building will house the studios of www.zara.com and the central design department of Zara Man. It is part ...
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News briefs
Amazon Fashion has a new president
Amazon Fashion has named Muge Erdirik Dogan president, replacing Christine Beauchamp, who was promoted to head the online retailing group’s consumer categories in North America. Dogan has been with Amazon for nearly 14 years, during which she managed various category, technology and operations teams.
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News briefs
Trump sues Marc Fisher
Trump Organization, the company of the former U.S. president, Donald Trump, is suing Marc Fisher Footwear for allegedly unpaid rent. The shoe maker has a showroom on the 21st floor of the Trump Tower in New York. Trump Organization is seeking $1.47 million from Marc Fisher, which occupies the whole ...
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News briefs
OrthoLite launches thermal insole for extreme cold
OrthoLite, the American insole specialist, has launched O-Term, a new thermal insole technology using a proprietary aerogel providing high performances in extremely cold weather. Rob Falken, vice president of innovation at the company, explained that the “advanced aerogel traps micro-pockets of air without the need for loft, and it won’t ...
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ArticleCovestro uses CO2 to make shoes
The German chemical group Covestro is using CO2, along with recycled and more sustainable materials, to produce elegant, casual and sports shoes with its footwear partners. The campaign is part of the group’s efforts to expand the use of cardyon, a raw material for the production of polyurethanes made with ...
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ArticleHeinrich Dinkelacker completes relocation of production to Spain
Heinrich Dinkelacker, the traditional brand of high-end men’s shoes, has left Budapest for good, after relocating production to Almansa, Spain last year. The gradual move from Hungary to Spain began two years ago. The company said that the relocation was due to personnel and infrastructure problems in Budapest which ...
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News briefs
Essenz and Futurmoda canceled, digital Micam starts
The German trade show for shoes and accessories, essenz, cancelled its March edition due to restrictions caused by the Covid-19 pandemic. The show was scheduled from March 28 to 30 in Munich. The organizers still expect to hold the September edition. Several shoe brands have nevertheless decided to present their ...
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News briefs
Capri names a new chief information officer
Capri Holdings, the parent company of Jimmy Choo, Versace and Michael Kors, has appointed Alejandro Martinez-Galindo as chief information officer (CIO) of the group, reporting to Thomas Edwards, the chief financial officer and chief operating officer. The appointment is effective March 8. Martinez-Galindo has held executive roles across several industries ...
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ArticleBasicNet makes a small profit despite a 15% drop in revenues
BasicNet managed to post a small net profit for the 2010 financial year, in spite of the impact from the Covid-19 pandemic, leading the board of directors to propose the distribution of a small annual dividend of €0.06 per share. Noting that the flexibility of its business model has softened ...
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ArticleGrendene bounces back to post record sales
For the second consecutive quarter, Grendene posted record sales as the company recovered from a dismal second quarter thanks to strong domestic demand. The Brazilian footwear manufacturer posted a 29.5 percent increase in gross revenues to 1,029.4 million reais (€152.1m-$181.5m) in the fourth quarter, with domestic sales up by 40.8 ...
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News briefs
Garmont changes ownership
Garmont International, the Vedelago, Italy-based manufacturer of outdoor and tactical footwear, has announced that Italian Strategy Private Equity (ISPE), managed by Riello lnvestimenti Partners, is acquiring a 65 percent stake in the company’s share capital. The transaction is expected to be completed by the end of March. Thereafter, Pierangelo Bressan, ...
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Article
Germany extends lockdown to March 28
On March 3, the federal-state conference in Germany decided on how to further extend its present lockdown for non-essential retailer operations until March 28, to help fend off the Covid-19 virus. Like in the U.K., it will be phased out in stages, but retailers are furious, partly also because many ...
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News briefsSusie Mulder is Timberland’s new global brand president
VF Corp. has appointed Susie Mulder as global brand president of Timberland. She will start her new role with the New Hampshire-based brand on April 5 and report to VF’s chairman, president and CEO, Steve Rendle. She will also serve on VF’s executive leadership team. Mulder joins Timberland from women’s ...
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Article
Germany plans to protect human rights in global supply chains
On March 3, the German federal government approved a bill that aims to force local companies to respect human rights in their global supply chain. Parliament is expected to pass the draft legislation, commonly referred to as the Supply Chain Act, by the middle of the year. The legislation is ...
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ArticleKering invests in secondhand e-tailer Vestiaire Collective
Kering has acquired an about 5 percent stake in Vestiaire Collective, an online platform for second-hand fashion items. The investment gives the French luxury goods group the right to be represented on e-tailer’s board. Kering and the American investment firm Tiger Global Management backed a €178 million financing round for ...
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Article
Wildberries and Amazon enter new countries in Europe
Russia’s biggest online retailer, Wildberries, has started to operate in France, Italy and Spain, with dedicated sites and mobile apps tailored to the local markets, the company has said in a statement. It has been operating in Germany since January. The company currently offers about four million items from nearly ...
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ArticleThe Peter Kaiser brand is saved, but the German factory will be closed
The insolvent women’s shoe manufacturer Peter Kaiser is being partially taken over. The managing director, Stefan Frank, and the investors Hans-Joachim and Gisela Sander, from the founding family of the Darmstadt-based hair care giant Wella Group, have agreed to buy the brand and other assets of Peter Kaiser Schuhfabrik GmbH ...
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News briefs
Steve Madden lauches an eco-friendly brand
Steve Madden has launched Cool Planet by Steve Madden, which aims to offer affordable eco-friendly footwear targeted at younger consumers. The Cool Planet’s women’s collection kicks off which 19 styles retailing from $50 to $80 a pair. The brand was initially scheduled to be launched in April 2020 but was ...
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ArticleFarfetch achieves its first quarterly adjusted operating profit
Farfetch posted its first quarterly positive adjusted operating profit, but its net losses increased dramatically due to some $2.1 billion in non-cash adjustments. The company expects to finish 2021 with an adjusted operating profit. In the fourth quarter, the British fashion e-tailer saw gross merchandise value (GMV) increase by 42.8 ...
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ArticleSpain launches 2nd edition of footwear digitalization program
The Spanish footwear association Fice and the local trade agency, Icex, have launched the second edition of the program Global Through Innovation, aimed at promoting innovation and the digitalization of the footwear industry. The initiative is scheduled to start in April and candidates must send their applications by March 12. ...
