Product & Marketing – Page 70
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News briefs
Agilitas Sports obtains the Lotto license for India, Australia and South Africa
WHP Global announced a long-term license agreement for Lotto giving the Indian company Agilitas Sports the exclusive rights to design, manufacture, promote and distribute the brand in India, Australia and South Africa. Abhishek Ganguly, the co-founder and CEO of Agilitas Sports said “we are excited to launch our first consumer ...
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News briefs
Skechers accuses American Exchange Group of alleged patent infringement
Skechers filed a complaint with the US District Court in California accusing American Exchange Group of allegedly infringing on patents related to its “Scalloped Opening” shoe design. According to Skechers, American Exchange Group’s design infringes on nine of its patents. “Based on these novel and unique designs and the proven ...
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ArticleHow an iconic Italian footwear brand went from rags to riches
In just a few years, Valleverde’s turnover has increased more than twenty-fold, surging from €1.5 million in 2015 to €32 million in 2023. Last year, the top line was up by 28 percent compared with 2022. In 2015, Elvio Silvagni took one of the best-known Italian shoe brands out of ...
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News briefs
Giorgio Armani does not rule anything out regarding his succession
The 89-year old Italian fashion designer Giorgio Armani said he “doesn’t rule anything out” when it comes to succession plans for the fashion empire he has built. In an interview with Bloomberg, Armani said that he cannot exclude either a merger with a larger group or an eventual stock market ...
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ArticleAsos’ losses widen but excess stock cuts ahead of target
Asos’ half-year losses widened as the British online fast-fashion retailer continued to deal with competition from its Chinese rival Shein, but it was ahead of target on shifting the mountain of excess stock built up during the Covid-19 pandemic. The company reported an adjusted loss before tax of £120 million ...
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News briefs
CCC Group posts sees 7% sales boost at start of Q1
CCC Group, the Polish footwear and fashion group, said sales in the period running from Feb. 1 to March 31, 2024, increased by 7 percent compared to the year earlier to reach 1.3 billion zloty (€300.5 million). In the same period, which corresponds to the first two months of the ...
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ArticleBlack Yak collaborates with SK, Dongsung for a sustainable trekking shoe
The South Korean companies SK chemicals, Dongsung Chemical and BYN Black Yak jointly announced that they have developed sustainable footwear materials using the naturally-derived material Ecotrion and applied it to Black Yak’s trekking shoes 343 MAX. The shoe was presented on April 18 after a year of collaboration. SK chemicals ...
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News briefs
LVMH’s sales decline in Q1
LVMH’s fashion and leather goods division posted revenues of €10.490 billion in the first quarter of 2024, down by a reported 2 percent year-over-year but up by 2 percent organically. Sales for the whole French luxury-goods conglomerate were down by a reported 2 percent to €20.694 billion, but up ...
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News briefs
US regulator reportedly to vote on blocking Tapestry, Capri merger
The five commissioners of the The Federal Trade Commission (FTC) are scheduled to meet next week to vote on whether to file a lawsuit to block Tapestry’s $8.5 billion takeover of Capri Holdings, The New York Times reported, citing two sources familiar with the matter. The newspaper noted that the ...
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ArticleCirql launches a fully recyclable midsole made from 30% recycled TPU
The US-based insole specialist OrthoLite, the company behind Cirql, a provider of sustainable material solutions for the global footwear industry, has launched a new midsole foam called Cirql rTPU30. According to Cirql, the patented innovation consists of 30 percent recycled thermoplastic polyurethane (TPU) material and is manufactured through a chemical-free, ...
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ArticleCrocs names a new head for Heydude
Crocs has appointed Terence Reilly as the executive vice president and president for Heydude, as the brand expands its retail business and its European presence. Reilly will join the group’s executive leadership team on April 29 and will report directly to Andrew Rees, the chief executive officer of Crocs, Inc. ...
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ArticleDr. Martens shares get a kicking as CEO quits after fifth profits warning
Dr. Martens’ shares slumped by more than a third to record lows and trading in the stock was briefly suspended in London as the UK bootmaker said that its chief executive, Kenny Wilson, would step down after issuing a fifth profit warning in three years amid continuing woes in its ...
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News briefs
Footway Q1 sales halved
After concluding a more than six-month-long restructuring process on Feb. 13, Footway, with twelve e-commerce platforms in its portfolio, released its sales figures for the first quarter of 2024. The year started off on a challenging note, with sales more than halved. Revenue amounted to SEK102 million (€8.8 million) compared ...
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News briefs
Shoe Zone’s Antony Smith leaves the board
Shoe Zone said that from April 16, Anthony Smith is stepping down from the board of the parent company to increase his focus on the day-to-day running of the business. He will however remain as a director of Shoe Zone’s operating subsidiary, Shoe Zone Retail Limited.
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News briefs
CEC co-signs a European industry manifesto for relaunching competitiveness
CEC has joined forces with 85 other European and national industry associations to publish a manifesto called Relaunching European Competitiveness. “The manifesto calls against the risk of de-industrialization on our continent by relaunching Europe’s competitiveness. The EU enters a new policy cycle at a challenging time, with technology and geopolitics ...
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ArticleFDRA calls on US president to remove duties on Chinese footwear imports
Matt Priest, the president and CEO of Footwear Distributors & Retailers of America (FDRA), is urging the US president, Joe Biden, to remove by executive order Section 301 import tariffs imposed on China. In an open letter to Biden, Priest wrote that “retail footwear prices have risen sharply since implementation ...
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News briefs
Stanbee names a new global sales director
Stanbee, a US footwear components provider, has appointed Tom Muller Global Sales Director. He replaces Leo Provencher, who is due to retire in May. Muller has more than three decades of experience in the industry, having spent the last twenty years with Texon International, most recently as US brand director ...
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News briefs
Christian Louboutin targets annual sales of €1bn
Christian Louboutin aims to achieve annual sales of more than €1 billion, according to John Elkann, the CEO of Exor, a Dutch incorporated holding company that invested €541 million in 2021 to buy a 24 percent stake in the French luxury shoe maker. Elkann did not indicate when the revenue ...
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ArticleFootwear stocks treaded water in a quarter marked by shareholder activism
The prices of stocks monitored by Shoe Intelligence grew by 1.3 percent on average in the first quarter of 2024, compared with the previous three months, in very volatile trade. The quarter was marked by shareholder activism. Tabor Asset Management, a US investment company that has a 1.1 percent stake ...
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News briefs
Birkenstock invests €15m in Portuguese plant
Birkenstock is investing €15 million in Portugal to expand its recently acquired component manufacturing facility in the Iberian country. The new 13,000-square meter factory in the São Domingos Industrial Zone in Arouca, in the Metropolitan Area of Porto, in the Norte Region, is expected to be completed by December 2024, ...
