Product & Marketing – Page 87
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News briefs
Maersk suspends transit through Red Sea, ships rerouted via Cape of Good Hope
The Danish shipping company Maersk, which manages about a fifth of global container shipping, said that its ships due to sail through the Red Sea and the Gulf of Aden will be rerouted via the Cape of Good Hope. Other companies, including the French group CMA CGM and the German ...
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ArticleWolverine sells assets in Asia for $70m
Wolverine Worldwide announced the sale of assets in Asia that will generate a combined $70 million in proceeds and further streamline the group’s structure. The U.S. company will raise $61 million by exercizing an option to sell a minority ownership interest in the entity that owns the Saucony intellectual property ...
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News briefs
Shoe Carnival launches new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million, effective Jan. 1, 2024. The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on Dec. 14, 2022, and will expire on Dec. 31, 2023. The board also approved ...
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News briefs
SportsShoes.com expands marketing and design teams
The Britsh online retailer SportsShoes.com announced 10 new appointments to its brand marketing, social media and design teams to support its continued growth and development strategy. Maryse Haynes is joining the company as marketing coordinator from sports and mountain apparel brand Inov-8, where she was head of marketing. Erika ...
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ArticleVF’s fulfilment operations affected by cyber attack
VF Corp. suffered a cyber attack on Dec. 13 which is affecting its capacity to fulfill orders. On Dec. 13, VF “detected unauthorized occurrences on a portion of its information technology (IT) systems. Upon detecting the unauthorized occurrences, the company immediately began taking steps to contain, assess and remediate the ...
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News briefs
Alpartagas hires a new CEO
Liel Miranda, the CEO of Mondelez International’s Brazil business unit since 2019, will join Alpargatas as CEO on Feb. 1, 2024. He will replace Luiz Fernando Edmond, who is the interim CEO of the Brazilian footwear company since and will remain a member of the Alpargatas’ board of directors. Edmond ...
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News briefs
Massimo Vian joins Gucci as chief industrial and supply chain officer
Massimo Vian is joining Gucci in the newly created role of chief industrial and supply chain officer, effective Jan. 15. A seasoned manager, Vian was previously the chief operating officer of Prada Group, that he joined in May 2020. Vian was also the CEO of the cashmere brand Falconieri for ...
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ArticleEmerging designer: The Peshawari chappal: Çaplait!
A cultural appropriation clash at the highest levels of the international fashion world led — apart from a retraction and relaunch of the offending item — to a fresh career direction for a British-born Pakistani entrepreneur, the creation of a new niche industry preserving traditional local skills in his parents’ ...
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News briefs
VF confirms Nina Flood as global brand president for Timberland
VF Corp. has confirmed Nina Flood as the global brand president for Timberland. Flood had replaced Susie Mulder on an interim basis in November. Mulder had been Timberland’s global brand president since April 2021 and left VF to become chief operating officer at Nobull, a training footwear and apparel brand. ...
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News briefs
Holding Moda buys Dema
Holding Moda, the investment vehicle created in 2018 by Hind-Holding Industriale, has bought a majority stake in the Italian shoe maker Dema which is located near Naples and specializes in moccasins and sneakers. Holding Moda is creating a diversified hub of Italian fashion manufacturers and now controls 14 companies with ...
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News briefs
H&M misses sales expectations
In the fourth quarter ended Nov. 30, H&M’s sales were virtually flat year-on-year totaling SEK 62.629 billion (€5.57bn) and fell by 4 percent in local currencies. Market expectations were for sales of SEK 62.9 billion. Excluding Russia and Belarus, sales of the Swedish fashion retailer rose by 3 percent, but ...
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ArticleCharles & Keith choses Bleckmann as its logistics partner in Europe
Charles & Keith, a Singapore-based fashion brand known for its premium women’s footwear and accessories, selected Bleckmann, an Eindhoven-based provider of supply management solutions for fashion and lifestyle brands, as its exclusive third-party logistics (3PL) fulfilment partner in the U.K. and Europe. Charles & Keith required “a 3PL solution that ...
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News briefs
Palace of Versailles picks Uniform Shoes for its staff
The Palace of Versailles has chosen the Portuguese brand Uniform Shoes to provide footwear for its reception and management teams. The brand was launched in 2014 by Cool Gray, a company founded in 1999 and specializes in technical footwear supplied to leading operators in the airline, railway and cruise ship ...
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News briefs
Threads starts in the EU
Threads, the messaging app owned by Meta, was launched in the European Union on Dec. 14. Meta launched the service, which is a direct competitor of X, formerly known as Twitter, in July outside of the EU. The introduction in the EU was delayed to ensure that the platform complied ...
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News briefs
Inditex 9-month sales up by 14.9% at constant exchange rates
In the nine months to October 31, Inditex’s sales grew by 11.1 percent to €25.6 billion, showing “very satisfactory” development both in stores and online, the Spanish fashion fast group said in a statement. Sales at constant currency rates rose by 14.9 percent. Gross profit increased by 12.3 percent to ...
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News briefs
Ecco opens its first store in New York
Ecco opened its first store in New York. The 3,250 square-foot shop is situated at 110 Grand Street in SoHo and features the Danish company’s full range of footwear and accessories, as well as some special-edition pieces that will be exclusive to the Manhattan flagship. On Dec. 1, Deniz Erda ...
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News briefs
Caleres wins CSR acclaims
Caleres was awarded on Newsweek’s list of America’s Most Responsible Companies 2024 for the third consecutive year. This award is presented by the magazine Newsweek and Statista, a leading statistics portal and industry ranking provider. The awards list was announced on Dec. 6. Caleres ranked 151 overall, 18 in the ...
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ArticleCaprice takes over Peter Kaiser
Caprice, which is owned by the German group Wortmann Schuh-Holding KG, has acquired the women’s footwear brand Peter Kaiser. The Pirmasens-based shoe manufacturer said that it plans to retain ”the brand core, which is based on an excellent fit and high-quality materials” but intends to update the collections and to ...
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News briefs
German consumers prefer to shop in the city center, HDE survey shows
Consumers in Germany prefer high street shopping, a report from the German trade association HDE showed, with over half of those surveyed putting the brick-and-mortar shopping experience above online shopping. Despite growing online sales, people between 16 and 29 years old in particular view high street shopping opportunities as ...
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News briefs
Asso buys the Janet&Janet brand
The Italian shoe maker Asso has acquired Janet&Janet, a women’s footwear brand, from Sthart. Founded in 1987 by Silvano Donati and Sauro Silenzi in the Fermo footwear manufacturing district, in the Italian Marche region, Asso specializes in children’s shoes. In 2019, the company diversified into the adult segment by buying ...
