Product & Marketing – Page 259
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News briefs
Zappos’ CEO Tony Hsieh steps
Tony Hsieh, 46, has retired as the chief executive of the online shoe and clothing retailer Zappos.com after nearly 20 years at the helm. He has been replaced by the company’s chief operating officer Kedar Deshpande. Zappos started as Shoesite.com, founded by Nick Swinmurn. The company’s name was changed to ...
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ArticleDeichmann unit vanHaren to buy 43 Brantano stores in Belgium
The Dutch footwear retailer vanHaren, a unit of the German retailer Deichmann, will take over 43 Brantano stores located in Belgium on Oct. 1. This represents less than half of Brantano’s more than 100 stores in the country. The details of the agreement still have to be defined, including the ...
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News briefs
Directa Plus's G+ graphene obtains patent for rubber outsoles
Directa Plus, an Italian producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has been granted a patent in Italy for its G+ graphene that aims to improve the performance of rubber-based shoe outsoles. The patent covers both the formula containing G+ and the ...
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ArticleObuv Rossii parent launches capital hike to finance its development
OR PJSC, the parent company of the Russian footwear group Obuv Rossii, is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. In 2017, OR ...
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News briefs
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik. The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the business. Lanxess ...
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News briefs
New flip flop brand FoamLife launches spring collection
FoamLife, a new brand of flip flops developed during the Covid-19 related lockdown in the U.K. by Daniel Macaulay, Karl Read, and Timo Mullen, has launched its maiden spring/summer collection to the wholesale trade. The collection comprises 12 men’s and 12 women’s designs. The materials include the use of ...
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ArticleSelfridges launches Project Earth
Selfridges has launched Project Earth, an initiative which explores “more sustainable ways to shop” by setting new sourcing standards and creating repair, resale and rental businesses. Under the scheme, the British department store pledges that by 2025 it will only stock products that respect its new sourcing standards on cotton, ...
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News briefs
UFG obtains G-Star RAW license
The Dutch company Unlimited Footwear Group (UFG), through its Brands-360 subsidiary, has obtained the license to produce adult footwear under the name of the jeans manufacturer G-Star RAW. Brands-360, which is responsible for licenses, will oversee the design, production, sales and marketing of the brand from the autumn/winter 2021 season. ...
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News briefs
APLF director Perrine Ardouin leaves
Perrine Ardouin is leaving her post as a director of the exhibition company APLF after 24 years in charge of the portfolio of trade fairs and events. She has decided to leave Hong Kong and move on to a new page of her life. After her departure, she will continue ...
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News briefsFinn Comfort and Kaufregional bring businesses and customers together
Finn Comfort, the German comfort shoe manufacturer, has joined the Kaufregional e-commerce platform in a bid to boost its visibility in the local market and gain access to an additional sales channel as the coronavirus crisis drags on. Finn Comfort was established 75 years ago in the small town of ...
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ArticleStella posts $9 million loss in H1
Stella International posted a net loss of $9.3 million for the first half, against net income of $39.2 million last year, on revenues that dropped by 32 percent to $511.5 million. The gross margin fell by 1.4 percentage points to 16.6 percent, due to cancelled or delayed orders, as well ...
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News briefs
Skechers launches Dr. Seuss collection
Skechers is bringing Dr. Seuss’ world into wearable designs in its shoes for women and kids through a new multi-year worldwide partnership. The new Skechers x Dr. Seuss collection is debuting with “The Cat in the Hat,” one of Dr. Seuss’ famous characters, featured in popular styles from Skechers Street, ...
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ArticleAlibaba’s core domestic business returns to pre-Covid levels
The giant Chinese e-commerce company Alibaba said that its domestic core commerce business has ”fully recovered” to pre-Covid-19 levels during the first quarter ended on June 30. Revenues rose by 34 percent year-over-year to 153.8 billion yuan renmimbi (€18.8bn-$22.2bn) during the quarter, beating market expectations of RMB 148 billion. Annual ...
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News briefs
Timberland and BASF join forces on work shoe
Timberland’s Reaxion shoe features the brand proprietary Aerocor Energy System as well as BASF’s Elastollan thermoplastic polyurethane (TPU). Timberland’s Aerocore Energy System comprises three layers that work together for energy return, comfort and grip: the Anti-Fatigue Technology footbed, a foam midsole, and a non-marking outsole. Meanwhile, the outsole of the ...
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News briefs
Garmont’s new model has a Michelin sole
Garmont of Montebelluna, Italy, has added to its Dragontail line a model designed in collaboration with Michelin. The Tech GTX is a lightweight technical-designed shoe with a non-slip sole made by the French tire manufacturer.
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News briefs
BASF opens its first global footwear innovation center in Taiwan
BASF, the German chemical group, has opened its first global Footwear Innovation Center in Taiwan. The 7,000-square-foot facility, inaugurated on Aug. 11, is located within the footwear manufacturing site of its strategic partner Longterm Concept (LTC) in Changhua, Taiwan. The Footwear Innovation Center includes three main zones. The Design Zone ...
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News briefs
Momad will take place in February 2021
Momad, the International fashion, footwear and accessories exhibition in Madrid, organized by IFEMA, was planned to be held on Sept.16-20, but the organizers have finally decided to postpone it to next year. The event is now scheduled to take place on Feb. 4-6, 2021, alongside three other trade shows: Intergift, ...
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ArticleYokono expects to slightly increase in full-year sales
Yokono, a Spanish footwear specializing in sandals, hopes to finish 2020 with a slight increase in sales despite a fall in revenues in the first half due to the impact of the coronavirus pandemic. Last year, the company, which is based in the footwear cluster of Elche, posted sales of ...
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News briefs
Wolverine adopts First Insight's consumer analytics
Wolverine Worldwide has announced a strategic partnership with First Insight under which it will deploy its Voice of the Customer predictive analytics solution across its portfolio of 12 brands, including Merrell, Sperry, Saucony, Hush Puppies and Keds. The deal follows a successful test conducted by Hush Puppies in different regions ...
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ArticleACBC raises €2.3 million in capital hike
ACBC, a Milan-based start-up company that is offering a modular footwear technology, completed a €2.3 million capital increase in which a pool of investors took part. The online investing platform Doorway put nearly €1 million into the company through the capital injection. ACBC said that it has raised all the ...
