Product & Marketing – Page 63
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News briefs
Broker sees ‘green shots’ for H&M’s sales growth
H&M Hennes & Mauritz’s sales are showing signs of a recovery which could lead to higher profit margins this year and next, according to the broker UBS. “We share investor concern on lack of a clear top line recovery but gain confidence from a raft of measures leading to green ...
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ArticlePittarosso’s debt restructuring plan cleared by Italian court
A Padua-based court has approved a composition with creditors presented by Pittarosso. At the end of last year, 93 percent of creditors had approved the plan presented by the Italian footwear retailer with the support of Responsible & Sustainable Corporate Turnaround Fund (RSCT). Established in 2020, RSCT is an Italian ...
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News briefs
IKKS obtains capital injection, debt write-off
IKKS has convinced its creditors to waive their claims and investors to inject funds, the chairman of the French fashion retailer, Ludovic Manzon, told the news agency AFP. “Following a cash injection into the capital and the waiver of debts, we will be able to focus on the essentials, namely ...
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News briefs
Wojas to exit Belarus
The Polish footwear retailer Wojas has notified its customers in Belarus about the imminent closure of all its stores in the country. Local press reported that the decision had been taken in the wake of Belarusian sanctions, which barred footwear imports from five European countries. Wojas runs three stores in ...
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News briefs
Don’t Call Me Jennyfer exits receivership
The French fashion retailer Don’t Call Me Jennyfer said that it is exiting receivership after its relaunch plan was approved by a commercial court in Bobigny, in the outskirts of Paris. The plan, which was presented to the court in May, involves an initial investment of €15 million that will ...
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ArticleSchuh Mücke’s sales increase by nearly 2%, return to pre-pandemic levels
Schuh Mücke, the German shoe and sporting goods retail chain within the ANWR Group, reported strong full-year results for 2023, with sales swinging back to pre-pandemic levels. Sales rose by nearly 2 percent to €104.7 million from €102.8 million in 2022. The Bavarian retailer’s gross profit margin improved ...
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ArticleCompostable sneakers are inching closer to the mass market
In late April, Puma announced that it would make a commercial version of its Re:Suede 2.0 compostable sneaker. The brand had created 500 pairs of its Re:Suede sneaker in 2021 as an experimental project, then asked volunteers to wear them for half a year to test comfort and durability. Now, ...
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News briefs
AstorMueller names Achim Tischer chief product officer
The Swiss shoe manufacturer AstorMueller has appointed Achim Tischer, its vice president Product Women, as chief product officer (CPO), starting from June. The move is part of AstorMueller’s strategy to drive growth by expanding its management team and focusing on product and brand development. Tischer had joined AstorMueller ...
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News briefs
Suzano buys a 15% stake in Lenzing
Lenzing said that its main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in the Austrian producer of wood-based specialty fibers. As part of the agreement, Suzano will take over a 15 percent stake in Lenzing from ...
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News briefs
Marubeni takes over RG Barry
Marubeni, a Japanese trading and investment company, has acquired RG Barry, the US owner of the slipper brand Dearfoams, the bag brand Baggallini, Planet A, a lifestyle brand producing biodegradable products, and Columbus Product Group, a provider of private label solutions including footwear. Marubeni noted that it established the Next ...
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ArticleGolden Goose valued up to €1,860m in IPO price range
Golden Goose Group set a price range of €9.50 to €10.50 per share for its initial public offering, implying a market capitalization of approximately €1,693 million to €1,860 million for the company. The offering is destined to institutional investors and will consist of newly issued shares arising from a capital ...
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News briefs
Piquadro’s FY net rises sharply
Piquadro said that in the full year ended March 31 its net profit rose by 61.9 percent year-on-year to €10.5 million as revenues grew by 2.7 percent to €180.3 million. Ebitda increased by 15.2 percent to €32.0 million and Ebit advanced by 24.4 percent to €14.8 million. The Italian bag ...
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ArticleC-Suite interview: Rocas surfs the waves to the shores of Europe
From the beach in the province of Buenos Aires to the world. So begins the story of the wholly Argentinean brand Rocas and of its founders, Maria Elena Tapia and Guido Joachim, two young people in love with the sea and the waves. The name Rocas in Spanish – stones ...
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News briefs
Foot Locker to spend as much as $1bn on stores
In line with the strategy laid out in March of last year, the “Lace Up Plan,” Foot Locker is looking to invest up to $1 billion in opening and renovating stores in a new format all over the world, according to Modaes and other sources. More in our sister publication ...
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ArticleANWR Group is confident about the future
At the annual general meeting of the international trade cooperation ANWR Group eG on June 5 in Mainhausen, Germany, the executive board presented the strategic fields of action for the coming years under the motto “We make trade successful”. In the future, the ANWR Group will strongly focus on the ...
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ArticleHow Belledonne is achieving sneaker success by revisiting retro styles
With a claim as bold as “We do sneakers. We do them well”, Antonin Chabanne and Mikael Leo, who established Belledonne Paris in 2018, were setting their sights high. Since their company name derives from the Belledonne range of mountains in the Dauphiné Alps of southeast France near Grenoble ...
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News briefs
South American footwear sales set to grow nearly 3% annually
In 2024, footwear sales in South America are expected to rise by a compound annual growth rate of 2.77 percent from 2024 to 2028, according to data from the German statistics portal Statista released by the Italian trade show Expo Riva Schuh & Gardabags. In 2024, footwear revenues in South ...
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ArticleGerman court rejects Birkenstock appeal against Rafting Goldstar
The Italian shoe brand Rafting Goldstar has won a long-running legal dispute with the German shoe manufacturer Birkenstock. On May 2, the German Federal Court of Justice (Bundesgerichtshof) rejected an appeal by the Rhineland-Palatinate-based sandal maker, centered on a sole design. The court declared the appeal unfounded, ...
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News briefs
Kienast Group’s former chief Michael Kienast dies
Michael Kienast, the former head of the family-run shoe retailer of the same name, has died, the company said in a statement. The entrepreneur passed away on May 12 at the age of 82 after a serious illness. An “entrepreneur with heart and soul”, Kienast was “a visionary who, ...
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News briefs
ANWR sells tax consulting subsidiary Conventa
The German buying group ANWR has sold its subsidiary Conventa-Treuhandgesellschaft mbH, which specializes in tax consulting, to SEJ GmbH Steuerberatungsgesellschaft. Conventa will remain based in Mainhausen, in the Hesse region of Germany, and will continue to provide tax advisory services tailored for shoe, sports and leather goods retailers. ...
