Product & Marketing – Page 238
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ArticleDigital natives are the most frequent cross-border e-commerce shoppers
A recent survey by eShopWorld, a privately held Irish company headquartered in Dublin with offices around the globe that provides a technology platform for brands and retailers looking to sell online to global markets, found out that younger, digitally native consumers aged 25 to 34 are the group that most ...
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News briefs
Germans’ willingness to buy is in “freefall”
The propensity to buy of German consumers is “in freefall,” according to the think tank GfK. Hit by strict Covid-19 related lockdowns, consumer confidence in Germany is seen falling to -15.6 in February from -7.5 in January, which was revised from an original reading of -7.3. “The closure of the ...
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Article
Mastercard hikes fees on U.K. e-commerce purchases from EU
Mastercard is preparing to increase fees charged to EU merchants when British cardholders buy their goods online by at least 400 percent, a move it said is being made due to Brexit and could lead to higher prices for consumers should merchants decide to pass on the higher costs of ...
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News briefs
Cortina hires a new global marketing manager
Cortina has hired Karen Bellinck as global marketing manager. Bellinck joins the company from the luggage maker Samsonite, where she worked for nearly 20 years and became wholesale director. Cortina is a Belgium-based company producing private label footwear as well as footwear and apparel under licensed and house brands. The ...
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ArticleDr. Martens valued up to £3.7bn in IPO
Dr. Martens is being valued between £3.3-3.7 billion (€3.7bn-$4.5bn to €4.2bn-$5.1bn) in its public offering that is already fully booked. The private equity firm Permira and other investors are selling as many as 350 million shares at 330-370 pence each (€3.73-$4.53 to €4.18-$5.08). The stake represents 35 percent of the ...
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News briefs
Jimmy Choo to open a fashion academy in London
The designer Jimmy Choo announced the opening of the JCA/London Fashion Academy in September. Located in the heart of Mayfair, it aims to provide students with design and entrepreneurial skills. In a statement, he described London as a global fashion hub that “has created many of the world’s most exciting ...
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ArticleCole Haan drops IPO plan
U.S. shoe and accessories company Cole Haan has dropped plans for an initial public offering (IPO) almost a year after filing its intention to list. In a filing to the U.S. Securities and Exchange Commission (SEC), the New Hampshire-based company disclosed it had “determined not to proceed with the proposed ...
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ArticleRocky Brands buys footwear brands from Honeywell for $230m
Rocky Brands has agreed to acquire the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close in the first quarter of 2021. The assets acquired are The Original Muck Boot Company, XTRATUF, Servus, NEOS and Ranger brands. Thanks to ...
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News briefs
Google probed by the EU
Google is under dual investigations in the European Union for allegedly abusive practices in its advertising business. This month, according to Reuters, anti-trust regulators for the EU have sent to a number of advertisers a 13-page questionnaire regarding the “Include Google Display Network” default setting for search campaigns on Google ...
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Article
EU Commission calls to ‘strongly discourage’ intra-EU travel
The European Commission has proposed the European Council to discourage non-essential travel between European Union member states amid high Covid-19 infection rates and concerns about new virus variants, while avoiding border closures or blanket prohibitions that would impede the functioning of the internal market and supply chains. “The Commission proposes ...
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News briefs
South Korea has breached labor commitments with EU
A report published by a panel of experts confirmed the EU’s concerns that South Korea has not acted consistently with its trade and sustainable development obligations under the EU-Korea trade agreement, according the European Commission. The independent panel concluded that South Korea needs to adjust its labor laws and practices ...
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ArticleSergio Rossi’s owner is reportedly considering to sell
Investindustrial, the investment fund which wholly owns Sergio Rossi, is considering selling the Italian manufacturer of luxury shoes. According to the daily Corriere della Sera, Investindustrial has hired the investment bank Rothschild to study the future strategy for the shoemaker in which it has invested €100 million between the acquisition ...
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ArticleBoohoo, Asos make moves on top U.K. brands
The British online fast fashion retailer Boohoo has acquired all of the intellectual property assets, including customer data and related business information and selected contracts, of the U.K. department store chain Debenhams, which is currently under administration, for £55 million (€75.3m-$69.1m), plus value-added tax, in cash. The purchase does ...
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ArticleBrazilian footwear output forecast to rise by 14.1% this year
Brazilian footwear production is expected to rise by 14.1 percent this year after having fallen by an estimated 21.8 percent in 2020 due to the impact of the Covid-19 pandemic and reaching a 16-year low, according to Abicalçados, which represents the local footwear industry. It estimates 2020 production at 710 ...
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Article
Zenden Group launches a new retail chain
The Russian footwear retailer Zenden Group has launched an innovative retail format called Digital Fashion Lounge, or Fage in its shortened form. The first store in the new format has been opened in the Kashirskaya Plaza shopping center in Moscow. Currently, Zenden Group operates nearly 250 stores under three retail ...
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News briefsLenzing unveils plans for major solar energy project in Austria
Lenzing, the producer of Tencel fibers, has unveiled plans for a photovoltaic plant in Austria on around 55,000 square meters, set to become the largest ground-mounted photovoltaic plant in Upper Austria. With approximately 16,000 modules, the plant will generate nearly 5,500 megawatt-hours per year, which corresponds to the average annual ...
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News briefs
HIM to produce footwear under the Plan C brand
High Italian Manufacturing (HIM) has obtained the footwear license for Plan C, a brand founded and designed by Carolina Castiglioni. The collaboration starts with the autumn/winter 2021-2022 collection. Plan C is currently distributed in nearly 120 stores spread over 20 countries. With the partnership, the brand will benefit from HIM’s ...
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News briefs
Elisabet signs a license agreement with Manila Grace
Elisabet, the manufacturer of children’s shoes based in Monte Urano, in Italy’s Marche region, has signed a multi-year license agreement to produce under the Manila Grace brand. The collaboration will start with the international distribution of the autumn/winter 2021-2022 footwear collection of Manila Grace Girl. Manila Grace is an Italian ...
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News briefs
Wildberries faces strong demand for traditional Russian footwear
In the first weeks of 2021, Wildberries, Russia’s largest online retailer, registered a hike in demand for traditional Russian winter shoes such as felt boots and galoshes. According to the company, in early January demand in this segment grew by 60 percent compared to the same period in 2020. The ...
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News briefs
U.S. customs is withholding cotton and tomato products from Xinjiang
The U.S. government is increasing its pressure on Chinese interests and authorities to stop engaging in labor practices that violate basic human rights. The U.S. Customs and Border Protection (CBP) agency has issued a third Withhold Release Order (WRO) for cotton products and tomato products produced in Xinjiang, China. ...
