Product & Marketing – Page 244
-
ArticleEU to cut greenhouse emission by 55% by 2030
The 27 members of the European Union agreed on Dec. 11, after a night of negotiations, to reduce by at least 55 percent their greenhouse gas emissions by 2030, compared with 1990 levels, increasing the target from a previous objective of 40 percent. “Europe will reduce emissions by at least ...
-
ArticleJoya expands in Austria with Passt takeover
The Swiss brand of comfort shoes Joya has strengthened its position in the Austrian market by acquiring Passt’s six stores across the country in a bid to consolidate its retail presence and further develop the brand. Established in 2008, Passt is a retailer of comfort shoes with stores in ...
-
ArticleDesigner Brands expects to struggle well into 2021
The American shoe retailer Designer Brands, formerly known as DSW, believes that the Covid-19 pandemic will continue to have a significant impact on its business next year and does not expect significant improvement until late spring 2021 or even the next back-to-school season. While releasing results for the third quarter, ...
-
News briefsItalian industrial dynasty takes over Shang Xia
The Italian holding company Exor will invest €80 million in the Chinese luxury goods company Shang Xia, of which the French luxury goods company Hermès is a key shareholder. Exor will inject the funds into Shang Xia via a reserved capital increase that will result in it becoming the company’s ...
-
News briefsOzon raises $1.20 billion in IPO and placement
The Russian e-commerce group Ozon raised $1.20 billion in an initial public offering (IPO) and a private placement with its shareholders AFK Sistema and Baring Vostok Fund. Through the two transactions, Ozon issued 42.45 million shares at $30 each, resulting in $1.27 billion in gross proceeds, but the monies fell ...
-
News briefs
Gucci, Burberry, Prada, Dior, Moncler win Altagamma Digital Awards
Gucci, Burberry, Prada, Dior and Moncler are all winners of the Altagamma Digital Awards 2020, announced Dec. 4. The honors, organized by the Italian luxury goods association in collaboration with Internet marketing specialists ContactLab, recognize luxury brands that have distinguished themselves with their digital prowess. The awards, in their fourth ...
-
News briefs
Schuhe24 expands management team
Germany’s Schuhe24 Group, which runs an online marketplace for independent retailers in many sectors, has expanded its management team by appointing Jürgen Hanke as head of retailers. The footwear expert, who took up the new post on Dec. 1, joined the company in April 2019, after working for 16 ...
-
News briefsOne of Zalando’s three CEOs to step down
Rubin Ritter plans to step down as Zalando’s joint chief executive, responsible for strategy and communication. He and the company’s supervisory board will be negotiating to dissolve his contract, which was to run until November 2023. Ritter says that he will be spending more time with his expanding family and ...
-
ArticleKingmaker’s profits are back in the black
Kingmaker, a major Chinese manufacturer of athletic and casual footwear, posted a net income of 65.5 million Hong Kong dollars (€7.0-$8.5m) for its first fiscal half-year ended on Sept. 30, compared with a loss of HK$32.3 million last year, helped by gains from its property investments that more than offset ...
-
ArticleFrasers Group in last-ditch bid to grab Debenhams
Mike Ashley’s Frasers Group has returned to the fight with a last-ditch offer for Debenhams in a bid to save the largest and oldest British department store chain from liquidation. The group, which owns the Sports Direct chain of sporting goods stores as well as another U.K. department store chain, ...
-
Article
Fashion industry sales may return to pre-Covid levels late 2022
The global fashion industry is expected to suffer a 15-30 percent decline in sales this year and is not expected to return to 2019 levels until at least the third quarter of 2022, according “The State of Fashion 2021”, a new report by Business of Fashion and McKinsey & Co. ...
-
ArticleGore and Bionic Yarn jointly develop textiles made from ocean-bound plastics
W. L. Gore & Associates and Bionic Yarn, a material engineering company from New York, have announced a collaboration to drive the development of a high-performance textile made from traceable, recycled plastic. Gore said it recently made an equity investment in Bionic to help streamline its fiber supply chain and ...
-
ArticleBata appoints Sandeep Kataria CEO
Bata, the Lausanne-based shoemaker, has appointed Sandeep Kataria as global chief executive, replacing Alexis Nasard, who led the company for nearly five years. Nasard stepped down to pursue a professional opportunity outside the company and the change is effective immediately. Kataria joined Bata in 2017 as the company’s chief executive ...
-
News briefs
Strong online sales on Black Friday in the U.K.
According to a survey by IMRG, the British online retail industry association, U.K. online retail sales on Black Friday this year grew by 38 percent, with the entire week around Black Friday (Nov. 23-30) showing a 30 percent increase. The survey was based on the daily online sales results of ...
-
News briefs
Giuseppe Zanotti enters license agreement with Alexandre Vauthier
The Italian shoe maker Giuseppe Zanotti has entered a license agreement with Alexandre Vauthier to manufacture and distribute footwear under the name of the French designer. Vauthier is scheduled to present the collection at his haute couture show in Paris in January, but Zanotti is unveiling a pre-collection in ...
-
News briefs
Dune opens flagship in London
With the re-opening on Dec. 2 of non-essential stores in England following a four-week Covid-19 related lockdown, Dune London launched a new 1,650 square feet (153 square meters) flagship at 100 Liverpool Street, Broadgate, near London’s Liverpool Street station. The store has the brand’s complete men’s, women’s and accessories collections. ...
-
ArticleLloyd Shoe Company goes into administration after Arcadia’s collapse
On Dec. 3, London-based footwear company Lloyd Shoe Company appointed FRP Advisory as its administrator after the collapse of the British fashion retailer Arcadia. The company has concessions in several stores managed by the Arcadia group, which appointed the firm Deloitte as its administrator on Nov. 30. Lloyd is working ...
-
News briefsRalf Ringer launches a campaign to recycle shoes
Ralf Ringer has launched a campaign offering customers discounts on new footwear if they return old shoes. The Russian company will ship collected used shoes to its factories, where they will be reprocessed, with all re-usable materials returning into the production cycle. Non-reusable materials will be turned into rubber coatings ...
-
ArticleFrance postpones start of winter clearance period to Jan. 20
The French government has postponed to Jan. 20 the start of the winter clearance period from its initial date of Jan. 6. The clearance period will last four weeks. In radio interview with RMC/BFM TV, the Economy Minister, Bruno Le Maire, added that the measure is aimed at helping small ...
-
ArticlePrimark faces £430m sales loss in the autumn due to Covid resurgence
The Irish clothing retailer Primark is expected to suffer a loss of sales of some £430 million (€476.1m-$579.1m) this autumn due to the second round of local Covid-19 lockdowns, according to its parent company, Associated British Foods (ABF). The operating costs of the stores which were closed were reduced by ...
