Product & Marketing – Page 27
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News briefs
Hoka opens its first store in Vietnam
Hoka has opened its first store in Vietnam. Located in the center of Ho Chi Minh City, the store is operated in partnership with the footwear brand’s distributor Central Brand & Specialty Group (CBS) and offers a full range of products, from road and trail running to street-ready styles. “We ...
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ArticleGyrus Capital takes over ACBC
Gyrus Capital, a Geneva-based investment firm is buying a majority stake in ACBC, an Italian firm specializing in product innovation and sustainable, circular solutions for the fashion and lifestyle industries. Following the acquisition, which is expected to close in the second quarter of 2025, Gyrus Capital will be partnering with ...
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News briefs
Chinese exports to US face up to 245% tariff
Chinese goods exported to the US face an up to 245 percent tariff as a result of the Asian country’s ”retaliatory actions,” according to a fact sheet released by the US administration. The levy includes a 125 percent reciprocal tariff, a 20 percent tariff to address the fentanyl crisis, ...
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News briefs
BasicNet appoints 2 new CEOs
BasicNet, the Italian parent company of K-Way, Kappa, Robe di Kappa, Superga and Sebago, has appointed Lorenzo Boglione and Alessandro Boglione as co-Chief Executive Officers, replacing Federico Trono. The new CEOs are the sons of BasicNet’s founder, Marco Boglione, who is also the company’s chairman. Following the shareholder meeting ...
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News briefs
Shein and Temu to hike US prices
The Chinese fast fashion giants Shein and Temu have warned US shoppers of upcoming price hikes starting April 25 due to steep new tariffs imposed by the administration of US President Donald Trump. The administration’s decision to remove the “de minimis” duty-free threshold and to introduce levies reaching up ...
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ArticleHermès plans to hike prices in the US due to tariffs
Hermès plans to increase prices in the US to fully compensate for the 10 percent tariff on most imported introduced by the administration of US President Donald Trump. The price increase will become effective from May 1 on all of Hermès’ product categories, said Eric Halgouët, the Chief Financial Officer ...
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ArticleC-Suite interview: Rohde expects to continue growing in 2025
After increasing revenues by 4.5 percent in 2024 to €24.2 million, Rohde expects to continue growing this year as it expands its fledgling US and online businesses. “In 2025, we should go up by another 10-11 percent to €27 million in turnover,’ says the Chief Executive Officer, Renato Lo Presti, ...
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News briefs
Deutsche Umwelthilfe sues Deichmann for alleged greenwashing
The German environmental and consumer protection association Deutsche Umwelthilfe (DUH) has filed an injunction against the German shoe retailer Deichmann, along with other companies, for allegedly misleading advertising regarding environmental benefits. The lawsuit is part of a broader campaign by Deutsche Umwelthilfe against greenwashing. Deichmann is accused of describing the ...
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News briefs
LVMH’s sales slip in Q1
LVMH’s fashion and leather goods division posted revenues of €10.108 billion in the first quarter of 2025, down by a reported 4 percent year-over-year and down by 5 percent organically. Sales for the whole French luxury-goods conglomerate were down by a reported 2 percent to €20.311 billion. Organic sales ...
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News briefs
Deichmann’s Chief Marketing Officer Sabine Zantis leaves
Deichmann’s Chief Marketing Officer Sabine Zantis has left the German footwear retailer. The marketing expert had been with the Essen-based family business since June 2021, playing a key role in shaping the brand’s image. She previously worked in the household goods and food industry, including at Aldi Nord and Henkel. ...
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News briefs
Castañer’s sales slow down in 2024
Castañer posted a 2.6 percent increase in revenues to €30.8 million in 2024, a slowdown from the 25.3 percent jump posted in 2023. The Spanish footwear manufacturer noted that online sales grew by 14.2 percent year-over-year in 2024.
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ArticleAstorMueller sets up a joint venture in India
AstorMueller has set up a joint venture in India called Nuvora as the Swiss footwear group aims to make the fast-growing Asian country one of its main markets. AstorMueller is the exclusive worldwide license holder for Bugatti and Daniel Hechter shoes. In August 2023, it acquired the trademark rights to ...
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News briefs
UK footfall declines on Easter timing
In March, footfall in British stores dropped by 5.4 percent year-over-year, reflecting a different timing for Easter, which falls on April 20 in 2025 compared with end of March last year, according to the latest survey released by the British Retail Confederation and Sensormartic. In February, the footfall rose by ...
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ArticleAldo in license agreement with G.H.Bass
Aldo Product Services (APS), a division of the Canadian footwear group Aldo, has entered an exclusive seven-year licensing agreement with G-III Apparel Group regarding the G.H.Bass brand. Under this agreement, APS will design, manufacture, distribute, market and sell G.H.Bass footwear, bags, and small leather goods. The Canadian group will have ...
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ArticleBrazilian shoemakers have mixed feelings about US tariffs
Brazilian shoemakers have mixed feelings about the impact of newly introduced US trade tariffs as they are seen as both an opportunity and a threat to the South American country. Brazil was included in the first batch of countries whose products only faced the 10 percent baseline tariff applied on ...
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News briefs
China hikes tariffs on US goods to 125%
China has raised tariffs of goods imported from the US to 125 percent from a previous 84 percent, according to a statement from the State Council Tariff Commission released on the website of the Ministry of Finance. “The US’s imposition of abnormally high tariffs on China seriously violates international economic ...
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ArticlePrada buys Versace from Capri
Capri Holdings Limited has entered into a definitive agreement to sell Versace to Prada SpA for $1.375 billion (€1.25bn) on a debt and cash free basis. The transaction is expected to close in the second half of 2025. “Versace is an iconic Italian fashion luxury house founded 46 years ago ...
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ArticleUS postpones reciprocal tariffs for 90 days except for China
On April 9, the US administration postponed for 90 days the application of so-called reciprocal tariffs to a string of countries. However, the waiver does not concern Chinese goods, for whom the US has increased reciprocal import duties to 125 percent. When added to an already existing 20 percent levy, ...
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ArticleDeichmann’s 2024 revenues up 2.3%
Deichmann said that it “had a very successful 2024,” posting gross revenues of about €8.7 billion, or a net €7.4 billion, compared with €8.5 billion a year earlier. Currency-adjusted growth was 2.3 percent. “Good sales of higher-priced brand models have driven up the average price of the models sold,” commented ...
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ArticleSemler relocates production to Hungary, cuts 25 jobs in Pirmasens
Carl Semler has decided to relocate most of its production to Hungary in order to secure its competitiveness, said the insolvent German footwear manufacturer. The Pirmasens manufacturing site will be retained, albeit with a reduced workforce. Shoe production will be concentrated in the company’s factory in Pécs, Hungary. This ...
