Product & Marketing – Page 237
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News briefs
Ballin Franco declared bankrupt
On Jan. 20, Ballin Franco & C. was declared bankrupt for insolvency by a court in Venice, Italy. The company is not to be confused with the luxury shoe maker Ballin, which is located in the same town of Fiesso d’Artico and that was recently taken over by Chanel. The ...
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News briefs
Crocs hires a manager from Nike
Emma Minto has joined Crocs as senior vice president and general manager in charge of all the operations of the fast-growing brand of comfort shoes in North America. She had spent 16 years with Nike in various roles, most recently as vice president and general manager for Nike Women’s in ...
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News briefs
Brexit controls suspended in Northern Ireland
Controls introduced in Northern Ireland due to Brexit were suspended Monday evening in the ports of Belfast and Larne due to threats to personnel. Mid and East Antrim council on Monday night announced it was withdrawing 12 of its staff at Larne port with immediate effect due to concerns for ...
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ArticleGabor sees return to growth in 2022
The German shoe manufacturer Gabor took a hit from the coronavirus pandemic and the resulting lockdowns as canceled reorders, payment defaults and short-time work at factories sent sales plummeting in 2020. It expects this year to be challenging and to return to growth in 2022. The Rosenheim-based company reported sales ...
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News briefs
Inditex among the founders of new MIT-led climate consortium
Inditex, the owner of Zara and other brands, is one of the 13 founders of the new MIT Climate and Sustainability Consortium, an alliance of companies that will work with MIT (Massachusetts Institute of Technology) to build a process, market, and ambitious implementation strategy for environmental innovation. The other founders ...
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ArticleFerragamo’s Q4 sales slowdown reignites concern
In the fourth quarter, Salvatore Ferragamo’s sales slowed down compared to the third quarter despite a 61.1 percent year-over-year surge in online sales and double-digit growth rates in the retail business in China and Taiwan. The weakness of the top line reignited concern about the brand’s capacity to compete against ...
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ArticleAsos buys four Arcadia brands in £330m deal
The British online retailer Asos has snapped up Arcadia’s fashion brands Topshop, Topman, Miss Selfridge and the sportswear brand HIIT from the administrators Deloitte in a deal worth about £330 million (€373.0m-$451.1m). Arcadia collapsed in November 2020. The deal, funded out of cash reserves, does not include 70 stores, and ...
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ArticleJD Sports continues U.S. expansion with DTLR acquisition
After the recent acquisition of Shoe Palace, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR Villa. Based in Baltimore, and currently majority owned by the New York-based private equity firms BRS & Co. and Goode Capital, DTLR was ...
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News briefsZalando joins the Ellen MacArthur Foundation
Zalando has joined a circular economy network by becoming a member of the U.K.-based Ellen MacArthur Foundation. The German online retailer said that the collaboration is in line with its commitment to apply the principles of circularity and extend the life of at least 50 million fashion products by 2023. ...
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News briefsAeffe sees signs of recovery
In 2020, the footwear and leathergoods division of Aeffe, the Italian fashion house that owns Pollini and other brands, posted a decline in sales of 16.2 percent, both on a reported basis and in constant currencies, to €107.4 million because of the Covid-19 pandemic. For the group as a whole, ...
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News briefsLVMH fashion and leather goods sales surge in Q4
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 18 percent in the fourth quarter, reducing the full-year decline to 3 percent. On a reported basis, full-year sales for the division were down by 5 percent to €21.207 billion due to the ...
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ArticleItalian shoemakers seek geographical indication protection from EU
The municipality of Monte Urano, led its mayor, Moira Canigola, is seeking to obtain geographical indication protection from the European Commission for the footwear cluster located in the Fermo-Macerata area in the Marche region. The town asked the Commission to consider widening IG protection to non-food products. Canigola said that ...
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ArticleDr. Martens surges on first day of trading
Shares in Dr. Martens rose by 22 percent on their first day of trading on Jan. 29 to reach 450 pence (€5.08-$6.17) on the London Stock Exchange. The closing price values the company some £4.5 billion (€5.1bn-$6.2bn), or about 24.5 times Ebitda of its last fiscal year. The first session ...
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News briefs
H&M sales decline accelerates amid new store closures
Hennes & Mauritz (H&M) saw net sales decrease by 23 percent year-on-year in local currencies in the period running from Dec. 1 to Jan. 27, up from the 10 percent decline seen in the fourth quarter ending Nov. 30, as its top line was hit by new temporary store closures ...
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Article
Lloyd’s sales plummet in 2020, company launches sustainable product line
The German shoe maker Lloyd Shoes posted a 35 to 38 percent drop in revenues last year as growth in online sales failed to compensate for the losses in brick-and-mortar stores, which suffered from coronavirus-related lockdowns. As the current lockdown in Germany is set to continue at least until Feb. ...
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ArticleBoohoo in exclusive talks to buy three Arcadia brands
The British fast-fashion online retailer Boohoo is in exclusive discussions with administrators regarding the acquisition of three Arcadia-owned brands: Dorothy Perkins, Wallis and Burton. In a filing with the London Stock Exchange, Boohoo stressed that no deal is guaranteed. The acknowledgement came after Sky News revealed that talks were ongoing ...
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ArticleEurope helps drive VF’s momentum
After posting a loss for the first quarter of its financial year, VF Corp. bounced back in the second quarter, and the third fiscal quarter ended Dec. 31 confirmed this recovery, driven by Europe and China. The good progress, which was attributed to in part to investments made in previous ...
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ArticleTod’s to restructure its debt with €500m ESG-linked financing
Tod’s will repay all existing medium-term loans and cancel a revolving credit facility (RCF) after having signed a €500 million credit agreement with a pool of banks led by Intesa Sanpaolo. The new five-year sustainability-linked loan is composed of a €250 million term facility and a new €250 million RCF. ...
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ArticleGucci goes beyond carbon neutrality
Italian fashion house Gucci, part of French luxury goods group Kering, announced the extension of its climate strategy, moving beyond carbon neutrality to also focus on measures to protect and restore ecosystems that mitigate climate change. Gucci’s new Natural Climate Solutions Portfolio will encompass initiatives to promote regenerative agriculture within ...
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News briefs
ANWR Schuh’s Albert Mayer retires
ANWR Schuh’s head of purchasing and goods Albert Mayer will retire at the end of Jan. The sixty-four-year-old manager has worked in the industry for 47 years and has been serving in his current position at ANWR Schuh for the past 12 years. ANWR’s managing director Tobias Eichmeier will ...
