Product & Marketing – Page 71
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News briefs
Sajaco Nordic takes over Morris-Accent from Rizzo Group
Following an accelerated bidding process, a unit of Sajaco Nordic has acquired Morris-Accent, the Norwegian subsidiary of Rizzo Group, a Swedish retailer of bags and accessories. Sajaco Nordic, which is based in Sweden, claims to be Scandinavia’s largest wholesaler of bags. On April 8, the ownership of the shares in ...
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News briefs
Patent protection for OrthoLite Hybrid Technology line expanded
The US-based insole specialist OrthoLite announces that, as of April 2, 2024, patent protection has been expanded for the speckled design of its Hybrid Technology line, including Hybrid, HybridPlus-Bio and HybridPlus Recycled. The patents protect the colored foam-speckled design that represents “quality, comfort, and the inclusion of at least 20 ...
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ArticleH&M and Inditex accused of allegedly using unethical Brazilian cotton
The British non-governmental organization (NGO) Earthsight is accusing H&M and Inditex of allegedly using cotton “linked to land grabbing, illegal deforestation, violence, human rights violations and corruption in Brazil.” It is also calling on governments to regulate the fashion industry on the grounds that it has failed to ensure sustainability ...
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News briefs
Gucci names a deputy CEO
Gucci has nominated Stefano Cantino as Deputy Chief Executive Officer, effective May 2. Cantino comes to Gucci from Louis Vuitton, where he was responsible for communications and brand image. Prior to working at Louis Vuitton, Cantino spent over 20 years of his career at Prada. The post of Deputy Chief ...
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News briefs
Lloyd launches Lufthansa collection
German shoemaker Lloyd Shoes has joined forces with the airline company Lufthansa to launch a licensed collection for the spring/summer 2024 season. The new product range features travel shoes which offer added comfort for long-haul flights and comprises 14 models, including five women’s and nine men’s styles. A purpose-designed backpack ...
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News briefs
Macy’s names two independent directors in agreement with Arkhouse
Macy’s has appointed two new independent directors, Richard Clark and Richard Markee, to its board of directors, effective immediately. The appointments follow the board’s engagement with Arkhouse Management, resulting in the withdrawal of the latter’s director nominations and ending a proxy contest. Arkhouse ignited the proxy battle in February after ...
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News briefs
P448 sets up a European joint venture with The Camp Brands
The Italian footwear label P448 has formed a joint venture with The Camp Brands, a Spanish firm specializing in the distribution of brands. The joint venture, called P448 Europa, will be managed by Javier Carera, the co-founder of The Camp Brands. It will expand P448’s distribution in Europe as well ...
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ArticleAllbirds urged to bolster its share price by Nasdaq
On April 2, Allbirds was notified by Nasdaq that its share price was no longer compliant with the rules of the New York-based stock exchange because the closing bid price of its Class A common stock has fallen below $1.00 per share for 30 consecutive days. Allbirds has 180 calendar ...
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News briefs
Esprit’s Belgian unit files for bankruptcy
Esprit Holdings Limited, the fashion group incorporated in Bermuda and listed in Hong Kong, said that its Belgium unit Esprit Belgie Retail (BEBR) filed for insolvency on April 8 due to high costs and negative consumer sentiment. In a statement, Esprit said that it “is now focusing on a comprehensive ...
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News briefs
P.F. Flyers partners with Revolve.com
P.F. Flyers, an American lifestyle shoe brand, is partnering with the fashion retailer Revolve in what it qualified as a “significant step” in its expansion beyond direct-to-consumer into wholesale distribution. With the partnership, P.F. Flyers’ Desert Adventure collection is sold exclusively on revolve.com since April 8. P.F. Flyers will also ...
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ArticleNovoloop’s pilot plant for recycled plastic comes on stream in India
Novoloop, a US plastic circular economy technology company, announced the startup of its pilot plant in Surat, India. The plant was built in collaboration with Aether Industries, an Indian speciality chemical manufacturer. Groundbreak for the plant was announced in January 2024 and construction completed in March 2024. The pilot plant ...
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ArticleRussia claims to have virtually eradicated illegal footwear sales
Since 2020, the mandatory labelling of fashion goods has secured additional income of 84.6 billion rubles (€848 million) on aggregate for the Russian federal budget, estimated the Russian Center for Prospective Technologies (CPT), a government agency authorized to supervise the labelling reform. Footwear labelling on its own provided additional income ...
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ArticleLudwig Görtz dies at 89
Ludwig Görtz, the former boss and owner of the footwear retailer Görtz, died on Easter Sunday at the age of 89, according to media reports. The Hamburg native joined his family’s business in 1960, at the age of 26, and took over the management of the company from his ...
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ArticleFormer Kaufhof owner reportedly taking over Galeria Karstadt Kaufhof
According to the German business publication Handelsblatt, the US investor NRDC Equity Partners is to be granted the contract to operate the 92 locations of the German department store chain Galeria Karstadt Kaufhof. NRDC is the investment company of Canadian entrepreneur Richard Baker, who also owns a majority stake in ...
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News briefs
Euratex announces initiative to promote upskilling in the textiles, clothing, leather and footwear industry
The European Apparel and Textile Confederation (Euratex) is launching a new project to promote upskilling and reskilling in the textiles, clothing, leather and footwear (TCLF) industry. The new “TCLF Skillbridge” initiative, supported by the European Commission’s department for growth (DG GROW), will focus on establishing regional skills partnerships. In the ...
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ArticleHow Fibbl aims to reduce returns, increase conversion rates with 3D models, AR technology
The Stockholm-based startup Fibbl states that its photorealistic 3D models and augmented reality technology for e-commerce can help footwear brands using its services tackle problems with high returns while also increasing conversion rates. Founded in 2021 by Henrik Arlestig and Johan Bertilsson, two childhood friends with over a decade of ...
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ArticleHyosung to build a bio-BDO factory in Vietnam as part of a $1bn investment plan
Hyosung TNC plans to build a bio-butanediol (BDO) factory in Vietnam with an annual production capacity of 50,000 tons. The project is part of a $1 billion investment program to reach an annual output of 200,000 tons of bio-BDO. On March 30, Hyosung TNC received approval for the “Hyosung BDO ...
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ArticleKeen introduces a hiking shoe with a lifetime guarantee regarding delamination
Keen introduced the Targhee IV, which it claims is the first shoe in the industry to have a delamination-free lifetime guarantee. Targhee IV is “a boot made to be the last hiking shoe you buy,” the US brand said in a statement. Delamination is when the glue used to adhere ...
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News briefs
Taft launches a women’s collection
The New York-based men’s footwear brand Taft has launched its first women’s collection called Taft for Her. “Expanding Taft into a women’s collection has always been something on our radar,” said Jordan Hancock, the company’s director of design and development, in a statement. “For years there have been numerous ...
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News briefs
Kuru Footwer releases its 2024 Foot Pain Trends Report
Kuru Footwear has issued its 2024 Foot Pain Trends Report which examines the latest findings surrounding foot pain in America. The Salt Lake City footwear company carried out a survey of over 3,000 American adults that showed that eight in 10 Americans experience foot pain, with nearly half of those ...
