Product & Marketing – Page 49
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News briefs
Scandic strengthens sales team in southern Germany and Austria
Scandic, a German importer of outdoor brands, has bolstered its sales department with the appointment of Gavin Paul as sales representative for the southern German regions of Bavaria, Baden-Württemberg as well as Austria and Switzerland. Paul, 47, brings a wealth of experience from his previous role at Fjällräven, where he ...
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ArticleGabor appoints a new Head of Wholesale
The German footwear manufacturer Gabor Shoes has appointed Alexander Schlosser to the newly created role of Head of Wholesale for the DACH region, which comprises Germany, Austria, and Switzerland, effective Dec. 1, 2024. The 34-year-old footwear expert, who began his career at the former Gabor Footwear GmbH, will ...
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ArticleC-Suite interview - Trade shows have to speak the same language as exhibitors
On Sept. 9, 2024, Assocalzaturifici, the Italian association of shoemakers, announced the appointment of Giorgio Possagno as General Manager. The position had been vacant since the departure of Tommaso Cancellara on April 5, 2022. Aged 53, Possagno started his career with the tire maker Pirelli, where he worked at the ...
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News briefs
Austrian trade association files complaint against Temu
Austrian retailers are trying to hold their ground against the rapid rise of the Chinese low-cost online marketplace Temu. The Austrian retail association, Handelsverband Österreich, has lodged a twelve-page complaint with the Austrian federal competition authority, BWB, against Temu, citing deceptive business practices and calling on the authorities to ...
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News briefs
Eva-Maria Schaffner leaves BTE
Business administration advisor Eva-Maria Schaffner will leave BTE, the German textile, footwear and leather goods trade association, at the end of this year. Schaffner, a business administration graduate and former independent shoe retailer, joined the association in late 2022. The separation is amicable, according to BTE. During her ...
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ArticleSpartoo improves its cash flow despite lower sales
In the first half of 2024, Spartoo suffered a decline in revenues but continued to improve its cash flow thanks to a reduction in working capital as inventories decreased. The gross merchandise value (GMV) totaled €90.9 million, down by 10.5 percent compared to a year earlier. Revenues also dropped by ...
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ArticleGerman leather goods industry suffers steep sales drop
According to the German footwear and leather goods trade association, HDS/L, the German leather goods industry faces a challenging second half of 2024, with sales falling and both imports and exports declining, reflecting broader economic pressures. The leather and leather goods manufacturing sector, excluding footwear and clothing, saw a significant ...
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News briefsGenesco appoints a new CFO
Genesco, after a broad search, appointed Cassandra “Sandra” Harris as Senior Vice President of Finance and Chief Financial Officer on Oct. 7. Harris succeeds Thomas George, whose planned retirement will take effect on Dec. 12, to ensure an orderly transition. “Sandra is a proven executive leader with a consistent record ...
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ArticleHow a crowd funding platform is helping footwear companies raise money
The Italian footwear companies Fessura, DIS and Steve’s as well as dropout, a retailer of luxury apparel and sneakers, have in common that they are currently, or have been, raising funds through the Italian crowdfunding platform Mamacrowd, which is owned by the asset management company Azimut. Other companies working with ...
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News briefs
JD Sports maintains guidance in challenging market
JD Sports Fashion reported a better-than-expected 2 percent rise in half-year profit and held annual guidance amid a “challenging and volatile market.” The company reported profit before tax and adjusting items of £405.6 million (€487.2m) for the six months to Aug. 3, compared with £398 million a year earlier, ...
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News briefs
Saucony unveils new Gore-Tex collection
Saucony is launching a collection of its designs featuring Gore-Tex technology. This new collection features the Triumph 22, Kinvara 15, Grid Peak, Peregrine 14, Ride TR2 and Grid Shadow 2, each enhanced to offer superior waterproof protection and breathability in any weather condition. Saucony said in a statement that the ...
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News briefs
ANWR Garant Netherlands announces leadership change
Dennis Beute, the long-serving Managing Director of ANWR Garant Netherlands, has officially stepped down from his position as of Sept. 30, 2024, after 15 successful years with the company. During his tenure, Beute was instrumental in the merger of ANWR and Garant, acquiring the Sport 2000 license and developing e-commerce ...
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News briefs
US East Coast port strike ends
A strike affecting the ports of the US East Coast and the Gulf of Mexico was suspended after the International Longshoremen’s Association (ILA) union and the United States Maritime Alliance (USMX) reached a tentative agreement. “The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative ...
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News briefs
Lanxess exits the polymer business
Lanxess signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With the transaction, the German specialty chemicals company exits the polymer business. The Urethane Systems business comprises five manufacturing sites globally as ...
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ArticleKizik enters distribution agreements in Japan and Canada
Kizik has entered distribution agreements in Japan and Canada as the US brand specializing in slip-on shoes continues to expand abroad. In Japan, it partnered with Marubeni Consumer Brands Inc. “We are grateful to be associated with one of the most important and exciting brands in my long-term experience ...
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News briefs
A long US port strike will impact supply chains
On Oct.1, about 45,000 unionized workers went on strike at ports on the US East Coast and in the Gulf of Mexico which handle about half of the US’ ocean shipping. The International Longshoremen’s Association (ILA) union, which represents dockworkers across 36 ports on the East Coast and the Gulf ...
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News briefs
Authentic Brands Group names a new head for Greater China
Authentic Brands Group (ABG) has hired Josh Perlman as Executive Vice President and Head of Greater China. He brings over 25 years of experience to the company, previously serving as the managing director at Tristate, where he was instrumental in signing and building brands such as Jack Wolfskin, Fila, Nautica, ...
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News briefs
LVMH buys a stake in Moncler key shareholder
LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a 15.8 percent stake in Moncler, an Italian brand of premium down jackets. The financial terms of the deal were not disclosed. Under the terms ...
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ArticleGerman fashion sales seen subdued over the next four years
The German fashion market has been on a path to recovery since 2022, but growth remains hampered by inflation, changing consumer behaviors and the rise of ultra-fast fashion. Annual growth is set to remain below 2 percent over the next four years, according to a report by IFH KÖLN in ...
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ArticleFirst Italian shoemaker obtains VCS sustainability certification
Corrado Maretto is the first Italian company to have obtained an environmental, social and governance (ESG) certification under the VCS (Verified & Certified Steps) program launched by Assocalzaturifici, the Italian footwear association. The company engaged in a self-assessment of its ESG performance using a software package designed by Spin360, a ...
