Product & Marketing – Page 32
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News briefs
Spartoo’s management increases its stake to 28.9%
The management of Spartoo has increased its stake in the French online fashion retailer to 28.9 percent from 13.1 percent thanks to the acquisition of 2,867,401 shares from Highland Capital Partners. No financial details were released. The venture capital firm was Spartoo’s largest shareholder with a 15.7 percent stake. It ...
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ArticleA way out of the trade dispute: Is Cambodia the new Vietnam of the footwear industry?
With the current trade dispute between China and the US, the disturbance shows no signs of abating any time soon.
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ArticleFerragamo cautious about the short-term
Salvatore Ferragamo posted a loss in 2024 and expressed caution about short-term developments. ”Considering the uncertainties over demand by luxury consumers, we remain cautious on short-term expectations,” the Italian fashion house said when releasing its final full-year results. Ferragamo had already released its sales figures on Jan. 30. In 2024, ...
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ArticleWeyco’s sales steady in Q4
The sales of Weyco Group steadied in the fourth quarter of 2024, with sales of $80.5 million, flat compared to the $80.6 million seen the year earlier after declines in the previous three quarters. Timid growth in both its wholesale and retail businesses in North America was offset by a ...
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ArticleZalando sees GMV, revenues up 4-9% in 2025
Zalando expects gross merchandise volume (GMV) and revenues to grow by between 4 percent and 9 percent this year, driven by the successful execution of its ecosystem strategy across both business-to-consumer (B2C) and business-to-business (B2B) growth vectors. In 2024, the German online fashion retailer posted a GMV of €15.296 billion, ...
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ArticleGerman footwear retailers struggle as sales plummet
Separate surveys painted a mixed picture of the health of the footwear sector in Germany, as the industry faces global shifts amid continued economic and geopolitical uncertainty, bureaucratic and regulatory hurdles and the growing competition from Asian e-commerce platforms. A recent survey by Germany’s textile, shoes and leather goods trade ...
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News briefs
Klarna reportedly seeks over $15bn valuation in IPO
Klarna aims to raise at least $1 billion dollars from an upcoming initial public offer (IPO) in the US, the news agency Bloomberg reported, citing unnamed sources. According to Bloomberg, the Swedish payment company aims to price its IPO in early April and is targeting a valuation exceeding $15 billion ...
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ArticleC-Suite interview: Piccadilly celebrates 70 years with good growth prospects
Piccadilly is one of the oldest shoe companies in Brazil. Founded in 1955 by Almiro Grings, it started with an initial production of 12 pairs of shoes a day. Today it exports to 100 countries around the world and has a turnover of approximately 600 million Brazilian reais ($120 million). ...
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News briefs
Verdoso obtains clearance to acquire The Kooples
The French antitrust agency, Autorité de la concurrence, has approved the takeover of The Kooples Production by the French investment company Verdoso. Founded in 2008, The Kooples specializes in the design and retailing of premium clothing and accessories for men and women. The company has 184 points of sale in ...
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News briefs
Clergerie seeks a new buyer after going into receivership again
On March 5, a hearing scheduled by the commercial court of Romans-sur-Isère, France, is expected to determine whether there are buyers for Clergerie. On Dec. 4, 2024, the group’s manufacturing subsidiary, S.S.B, and commercial unit, J.H.J, were placed into receivership after the group’s owner, the California-based footwear company Titan ...
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ArticlePrada’s full-year sales rise 15%
In 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €5,432 million. At constant exchange rates, top-line revenue grew by 17 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 16 percent at actual exchange rates and by 18 percent at ...
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News briefs
Vibram launches Megagrip Elite
Vibram has unveiled Megagrip Elite, the latest addition to its high-performance Megagrip outsole collection, engineered for maximum traction on steep, rugged terrain. “Competitive trail athletes require the ultimate grip,” said Fabrizio Gamberini, Vibram’s Global Chief Brand Officer and President. “This advancement reinforces our commitment to world-class performance and innovation in ...
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News briefs
Skechers opens stores in Milan and Stockholm
Skechers has opened its doors on one of Milan’s most famed shopping boulevards: Corso Buenos Aires. The US brand has three additional stores in the Italian city. Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is ...
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ArticleGrendene’s Q4 sales rise 13% as exports grow
Grendene reported gross revenues in the fourth quarter of 2024 of 1,043.5 million reias (€170.9m), up by 12.9 percent compared to the year earlier and led by a surge in sales on foreign markets despite a host of challenges including global economic and political uncertainty, shipment delays, growing signs of ...
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News briefs
Prada reportedly nearing deal to buy Versace for about €1.5bn
Prada Group is nearing a deal to buy Versace from Capri Holdings for about €1.5 billion, the Financial Times reported, citing unnamed sources. Prada and Capri are getting closer to a deal that could be concluded within weeks, according to the UK daily, which noted that the pricing and timing ...
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ArticleExtra US tariffs on Chinese imports create ‘really challenging environment’ - FDRA
The announcement by the US President, Donald Trump, of the introduction of an additional 10 percent tariff on Chinese imports from March 4 would create a “really challenging environment” for US importers fo Chinese footwear, according to Matt Priest, the President and CEO of the trade association Footwear Distributors and ...
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News briefs
ANWR Group unveils O1 Brand Cube
A decade after launching its O1 Order Center in Mainhausen, the German retail cooperative ANWR Group has unveiled its newest expansion, the O1 Brand Cube, in a move that is intended, according to a statement, to enhance the ANWR campus’s role as a magnet for European retailers and manufacturers. Mainhausen ...
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ArticleMoreschi receives offers to take over its assets
Moreschi, an Italian producer of upscale shoes that was put into liquidation in July 2024, has received several offers for its assets. “We had already received several expressions of interest, the last of which took the form of an offer to acquire the Moreschi and Stemar brands, the 18,000-meter factory ...
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News briefs
Alohas opens a store in Milan
The Spanish footwear and clothing brand Alohas has opened a store in Milan, its first in Italy and second abroad after the opening of a store in Paris. The brand has stores in Barcelona and Madrid and announced plans to open “many more” stores worldwide.
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News briefs
Orva hires a Chief Strategy Officer
Orva, a US e-commerce accelerator serving the footwear, apparel and broader consumer goods industries, appointed Solomon Hedaya as Chief Strategy Officer and Executive Vice President. ”In this role, Mr. Hedaya will lead Orva’s growth initiatives and strategic planning, overseeing mergers and acquisitions, business development, category expansion, and the cultivation ...
