Product & Marketing – Page 77
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News briefs
Style Capital reportedly close to finalizing deal to buy Autry
The Italian private equity group Style Capital is about to close a deal to acquire a majority stake in the Italian sneakers brand Autry that would value the company at €300 million, according to media reports. Il Sole 24 Ore has reported that Style Capital could purchase 50.1 percent of ...
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News briefs
Footasylum’s annual sales and profits surge
The British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850 square meter flagship in London’s Oxford Street in September, among other openings. Revenues in the year ...
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ArticleC-Suite interview: Sioux sees light at the end of the tunnel in the German footwear market
Despite overtaking Japan to become the world’s third largest economy, Germany is a matter of concern for many observers due to its weak economy and depressed consumer confidence. In a comprehensive interview with Shoe Intelligence, Lewin Berner, the CEO of the German footwear company Sioux outlines his view about the ...
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ArticleSpanish footwear exports rose in value but slipped in volumes in 2023
Spanish footwear exports totaled €3,260 million in 2023, up by 6.6 percent compared to the previous year when exports breached the €3 billion threshold for the first time. In 2022, exports rose by 22 percent to €3,056 million, according to data released by Fice, the Spanish footwear association. However, in ...
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News briefs
Falc’s 2023 sales total €95m
Falc finished 2023 with sales of nearly €95 million and expects to grow slightly in 2024, which marks the 50th anniversary of the Italian footwear group, the CEO Salina Ferretti, told fashionmagazine.it. Created in 1974, Falc has six brands: Falcotto, Naturino, Voile Blanche, W6YZ, Flower Mountain and Candice Cooper. ...
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News briefs
Bata joins the Leather Working Group
Bata has joined the Leather Working Group (LWG), a non-profit organization promoting responsible leather by minimizing the environmental impact of its production through a suite of tools and environmental, social and corporate governance (ESG) certification. “By joining forces with LWG, we gain the tools to adopt cleaner solutions, reduce ...
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ArticleBrazilian brands generate $31.7m in business at Micam
Brazilian brands generated $31.7 million in business, through on-site and pre-arranged deals at Micam, the footwear fair which ran from Feb. 18 to 21 at the Fieramilano Rho exhibition center at the outskirts of Milan. The event focused on the autumn/winter 2024-2025 season. The Brazilian delegation, which comprised 76 brands, ...
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ArticleBirkenstock reassures investors on profits, makes progress in closed-toe shoe sales
Birkenstock reassured investors that the pressure on profits from its ongoing production capacity investments is only temporary and will set the stage for future expansion. The company confirmed its guidance for top-line growth of 17-18 percent at constant foreign exchange rates in the current fiscal year. Sales in the first ...
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News briefs
Kuehne+Nagel buys City Zone Express
Kuehne+Nagel, the Swiss logistics group, has entered into an agreement to acquire City Zone Express, a subsidiary of Chasen Holdings, a Singapore-listed company. Headquartered in Malaysia and established in 2006, City Zone Express has over 500 employees and operates in Malaysia, Singapore, Vietnam, Thailand, and China. The company has a ...
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News briefs
GXO Logistics bids for Wincanton
GXO Logisticsis is offering 605 pence (€7.06) per share for the British logistics firm Wincanton, outbidding CEVA Logistics, a French logistics and supply chain company. CEVA, a unit of French shipping group CMA CGM, recently upped its offer to buy Wincanton to 480 pence (€5.60) per share from a previous ...
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ArticleRocky Brands’ Q4 sales fall 9.3% amid unexpected headwinds
Rocky Brands reported sales of $126.0 million in the fourth quarter of 2023, down by 9.3 percent compared to the year earlier but still an improvement on the previous quarter and the slowest rate of sales decline for the year. Sales were down by 6 percent when service brand sales, ...
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News briefs
Creditors approve Schuhhaus Kocken’s restructuring plan
The creditors of the insolvent German shoe retailer Schuhhaus Kocken GmbH & Co unanimously cleared the company’s restructuring plan, which was then confirmed by the Mönchengladbach district court. The family-run retailer started insolvency proceedings under self-administration at the end of August 2023, after taking a hit from sluggish ...
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News briefs
SAC changes names to Cascale
The Sustainable Apparel Coalition (SAC), a global nonprofit alliance that promotes sustainable business practices in the consumer goods industry has changed names to Cascale. The “Cas” in Cascale is “SAC” reversed, while “CA” refers to “collective action,” and “scale” references scaled ambitions, according to a statetement. Cascale comprises over 300 ...
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News briefs
Sioux launches a shoe collection with Maite Kelly
The German shoe manufacturer Sioux has entered a partnership with the German-born Irish pop singer and actress Maite Kelly. Kelly, who has a string of top-charting songs under her belt in Germany, worked with the Sioux creative team to design an exclusive “Maite Metallic” sneaker collection that includes comfortable ...
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ArticleKlingel sells the Wenz and Impressionen brands to Witt
The insolvent mail order company Klingel Group has sold the Wenz and Impressionen brands to the omni-channel retailer Witt, which is part of the Hamburg-based Otto Group, as it continues the disposal of its assets. The sale was approved by the creditors’ committee and the parties now wait for ...
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ArticleSteve Madden’s Q4 results beat expectations
In the fourth quarter of 2023, Steve Madden’s revenues and bottom line come in above the group’s expectations. Quarterly sales increased by 10.4 percent year-on-year to $519.7 million, while the gross profit margin slipped to 41.3 percent from 42.2 percent. The adjusted gross profit margin was 41.7 percent. The turnover ...
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ArticleAldo to produce bags under the Hunter brand
Aldo Group has entered into another licensing agreement with Authentic Brands Broup (ABG). Under the deal, the Canadian footwear company will take on the design, production and distribution of bags and small leather goods for men and women in the US and Canada. Hunter’s bag collection will launch for the ...
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ArticleGerman shoemakers expect a challenging 2024
The German footwear and leather goods industry is facing “a challenging 2024” but a turnaround is possible towards the end of the year, according to Manfred Junkert, the general manager of the German footwear and leather goods trade association, HDS/L. “In spite of manufacturers having considerable resilience and creativity, a ...
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News briefs
Tre Zeta Group continues its buying spree
Tre Zeta Group has acquired a 100 percent stake in Walking World, an Italian producer of insole. The company located in Porto Recanati, in the Marche region, was founded in 1990 by Antonio Giampaoli and Sonia Mangialardo. Walking World specializes in components for sneakers and has increased annual revenues by ...
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News briefs
Red tape, higher costs and shopper reluctance weigh on German fashion retailers
Increasing bureaucracy, soaring costs and consumers’ reluctance to buy are putting a strain on German fashion retailers, a survey from the country’s textile, shoes and leather goods trade association, BTE, showed. Bureaucracy is currently seen as the greatest concern as it is rated by the retailers participating in the ...
