Product & Marketing – Page 34
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News briefs
Galaxy Universal buys Reebok’s US business and will oversee operations in Europe
Galaxy Universal, a US footwear and brand management group controlled by the private equity firm Gainline Capital Partners, has acquired Reebok’s global product creation, sourcing and footwear operations in the US. “As part of the US operations, Galaxy will lead Reebok’s US footwear wholesale, retail and e-commerce channels, further solidifying ...
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ArticleBirkenstock’s Q1 sales come in below expectations
In the fiscal first quarter ended Dec. 31, Birkenstock Holding, the UK-based owner of the German sandal maker Birkenstock, posted revenues of €361.7 million, a year-over-year increase of 19 percent on a reported and constant currency basis but below market expectations by about €10 million. The top line was underpinned ...
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ArticleFirst phase of Wolverine’s turnaround is complete
Wolverine Worldwide, the parent company of Merrell and Saucony parent, in reporting its fourth-quarter results, said the first phase of its turnaround strategy is completed with cost cuts and margin expansions as key highlights of the effort. However, the company continues to face macroeconomic uncertainties within retail and possible tariff ...
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ArticleGoldstar notches another win against Birkenstock in French court
The Italian footwear manufacturer Rafting Goldstar has won another round in a long-running legal dispute with the German shoe manufacturer Birkenstock. The French Court of Appeal upheld the decision of the European Court of Justice from 2018, when judges dismissed the Rhineland-Palatinate-based sandal maker’s lawsuit against the Italian family-owned ...
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News briefs
Last Esprit stores in Germany close
The fashion brand Esprit has closed the last of its 56 stores in Germany, as planned. The insolvent brand’s remaining stores in the country were originally due to close by the end of November, but nearly 30 stayed open longer for the Christmas sales season. The former European headquarters in ...
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News briefs
Kontoor Brands buys Helly Hansen for $900m
Kontoor Brands, a US lifestyle apparel company, has signed a definitive agreement to acquire Helly Hansen, an outdoor and workwear brand, from Canadian Tire Corporation for about $900 million. Kontoor expects Helly Hansen to generate more than $680 million of revenues and $80 million of adjusted Ebitda for fiscal 2025. ...
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ArticleCaleres buys Stuart Weitzman for $105m
Tapestry has entered into a definitive agreement to sell the Stuart Weitzman footwear brand to Caleres for $105 million. The transaction is expected to close in the summer of 2025. “The acquisition cements Caleres’ leadership position in women’s fashion footwear, particularly in the contemporary segment of the market,” Caleres said ...
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News briefs
Eytys finds new investors
Eytys, the Swedish footwear brand known for its chunky shoes that was declared bankrupt on Jan. 16, has been taken over. Niklas Emthén, the bankruptcy trustee, said that there was some bidding for the company and a deal has been finalized but did not disclose the name of the investors, ...
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News briefs
Hermès’ Q4 sales rise nearly 18%
Hermès generated sales of €3.962 billion in the fourth quarter of 2024, up by 17.7 percent on a reported basis and 17.6 percent at constant exchange rates. In the full year, revenues amounted to €15.170 billion, up by 13.0 percent on a reported basis and 14.7 percent at constant ...
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ArticleEmerging designer: Moroccan babouches get a Milan fashion twist
Established in Milan in 2022 and launched during Milan Fashion Week in June of that year, the Babú brand of fashionable flats are designed for comfort, as well as functionality. Inspired by the traditional Moroccan babouches, these edgy, pointed-toe loafers with a Milan fashion twist are perfect for daytime as ...
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News briefs
BasicNet reports record revenue growth for 2024
BasicNet, the Italian parent company of K-Way, Kappa, Robe di Kappa, Superga and Sebago, reported record consolidated revenues of €409.2 million for 2024, a 3.1 percent increase from €396.8 million in 2023. The group also posted an all-time high Ebitda of €61.1 million, reflecting a 5.1 percent year-over-year growth. ...
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News briefs
Deichmann picks Ivalua to digitalize source-to-pay
Ivalua announced that Deichmann has selected its platform to digitalize source-to-pay (S2P) processes. Based in Essen, Germany, Deichmann is Europe’s largest shoe retailer. With over 49,000 employees and about 4,700 shops, it operates in 34 countries. In 2023, it generated gross revenues of €8.7 billion. According to Ivalua, Deichmann ...
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News briefs
DSW has donated 11 million pairs of shoes to Soles4Souls
Soles4Souls, the US organization committed to turning shoes and clothing into new opportunities around the world, has reached a donation milestone of 11 million pairs of shoes through its partnership with Designer Brands, the parent company of DSW Designer Shoe Warehouse. DSW began its partnership with Soles4Souls in 2006. The ...
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News briefs
Capri names a Chief Brand and Product Officer
Capri Holdings promoted Philippa Newman to Chief Brand and Product Officer, effective immediately. In the expanded role, Newman will oversee all product and marketing functions. She will continue reporting directly to John Idol, the Chairman and CEO of Capri Holdings and the brand Michael Kors. Newman has been with Michael ...
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News briefs
Merrell names a new Chief Marketing Officer
The hiking and outdoor footwear brand Merrell, part of Wolverine Worldwide, has appointed Richard McLeod as its new Chief Marketing Officer. McLeod will report directly to Janice Tennant, Merrell’s Global Brand President, and oversee the company’s global marketing efforts, focusing on integrated strategies to strengthen Merrell’s presence in the outdoor ...
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ArticleCrocs looks to international business to drive sales growth in 2025 and beyond
Crocs is looking to its international business to drive sales growth once again in 2025, as it also lays the groundwork for a new wave of expansion in its home market through diversification efforts away from its core clogs. In 2025, enterprise revenues for Crocs are expected to increase by ...
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ArticleCaleres enters a footwear license deal with Favorite Daughter
Caleres has entered into an exclusive license agreement to launch Favorite Daughter’s first shoe line. Caleres will produce the US brand’s women’s shoes starting with the fall 2025 season. The partnership follows a collaboration between Caleres’ portfolio brand, Dr. Scholl’s, and Favorite Daughter dropping in May 2025. Favorite Daughter is ...
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ArticleSteve Madden buys Kurt Geiger for £289m
Steve Madden has entered into a definitive agreement to acquire Kurt Geiger from a group led by the private equity firm Cinven for an enterprise value of approximately £289 million (€347m) in cash. The US footwear group intends to fund the transaction with a combination of debt and cash on ...
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ArticleOutDoor 2025 trade show paused
OutDoor 2025 has been paused by Messe München (MMG) and the European Outdoor Group (EOG).
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News briefs
Wolverine Worldwide names a Chief Strategy Officer
Wolverine World Wide, Inc. announced the appointment of Brett Parent as Chief Strategy Officer, effective Feb. 3, 2025. In this newly created role, Parent will oversee the company’s enterprise strategy and identify growth opportunities across its global brand portfolio, which spans 170 countries and territories. Additionally, he will lead the ...
