Product & Marketing – Page 88
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News briefs
Leder & Schuh secures the Delka brand
The Austrian shoe retailer Leder & Schuh, owner of Humanic and Shoe4you, has taken over the trademark rights of the Austrian footwear retail banner Delka from Ara. The parties have agreed not to disclose the details of the transaction. Established in 1907, Delka filed for bankruptcy in the summer ...
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News briefs
Lululemon plans to launch men’s footwear in Q1
Lululemon is “gearing up” to launch men’s footwear in the first quarter of 2024 as part of the brand’s effort to attract more male clients, said the CEO, Calvin McDonald, during a conference call with financial analysts. The Canadian producer of performance apparel for yoga, running and training entered the ...
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ArticleClarks set to axe UK 103 jobs and announces Benelux tie-up with GAB
Clarks is cutting more than 100 jobs in response to economic headwinds and the cost-of-living crisis that has seen British consumers tighten their belts in response to soaring inflation. The U.K. footwear company said it expected tougher trading conditions to continue into next year and would need to manage overheads ...
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ArticleCCC Group starts Q4 with 10% sales boost led by HalfPrice
CCC Group said that in November it posted its highest monthly sales figure ever, with sales at its off-price banner HalfPrice surging as consumers continue to seek bargains in the uncertain economic backdrop and new store openings bear fruit. In the period from Nov. 1 to Nov. 25, at the ...
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ArticleEuropean footwear brands returning to the Russian market
Nearly 15 percent of European footwear companies that pulled out from the Russian market last year have returned to the country, the Russian footwear union estimated. Germany’s Ara and Italy’s Igi&Co are examples of the Western shoe businesses resuming operations in Russia, the organization reported. Following Russia’s invasion of Ukraine ...
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ArticleMoody’s upgrades Golden Goose’s credit rating outlook to positive
Moody’s Investors Service has changed Golden Goose’s credit rating outlook to positive from stable thanks to the company’s significantly deleverage. The U.S. credit rating agency also affirmed the Italian sneaker company’s B2 corporate family rating, its B2-PD probability of default rating, and the B2 instrument rating on the company’s €480 ...
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ArticleLanvin Group appoints a new CEO
Lanvin Group said that Joann Cheng, the founding chairman and chief executive officer of the Chinese luxury goods firm, informed the board that she has decided to step down from her roles to pursue new endeavours outside the group. Consequently, the board has appointed Huang Zhen as the new chairman ...
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News briefs
Louboutin sets up a joint venture in India with ABFRL
Christian Louboutin is joining forces with the Indian company Aditya Birla Fashion and Retail Limited (ABFRL). Under the deal, the French brand of luxury footwear will transfer its Indian business into a newly incorporated subsidiary of ABFRL, in which the partners will have equal stakes. Alexis Mourot, Christian Louboutin’s group ...
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News briefs
Kering buys 30% of Valentino
On Nov. 30, Kering completed the acquisition of a 30 percent shareholding in Valentino following clearance from the antitrust authorities. The french conglomerate had announced the purchase of the stake in the Italian fashion house on July 27, 2023. Kering bought the stake from the Qatari group Mayhoola for €1.7 ...
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News briefs
Birkenstock opens a store in Miami
Birkenstock has opened its fifth store in the U.S. in Miami. “Deepening our retail footprint is an important pillar of our long-term growth strategy. We currently have 47 shops around the world. In the U.S., for example, we have some 6,600 doors, but run only five own stores. So there’s ...
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News briefs
Ponto brand president leaves after six months
About six months after being appointed brand president, Barry McGeough has left Ponto, a footwear brand based in Encinitas, California, to join AmeriCo Group, a U.S. manufacturer, merchandiser and marketer of men’s and women’s branded and private label sportswear, activewear, underwear, loungewear and hosiery. McGeough previously held leadership roles ...
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News briefs
Russia is considering banning parallel imports of Western goods
The Russian government is considering banning parallel imports of a broad range of Western non-food goods. The restrictions could be similar to the Russian food embargo imposed by Russian President Vladimir Putin in 2014, said the deputy Russian Industry and Trade Minister, Victor Evtukhov. The ban stopped the import of ...
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Article
CEC welcomes EU comprise on ecodesign
The European Footwear Confederation (CEC) welcomed a compromise reached on Dec. 4 between the European Parliament and the European Council regarding proposed legislation on ecodesign for Sustainable Product Regulation launched by the European Commission on March 30, 2022. It also believes that the forthcoming legislation could relaunch leather as a ...
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ArticleGörtz plans comeback in Austria with new openings, retail concepts
The Hamburg-based shoe retailer Görtz is off to a fresh start with new openings and revamped retail concepts after a troubled year and the recent change of ownership. The chairman, Bolko Kissling, who is also managing director of Vienna-based CK Technologies GmbH, is launching from Nov. 25 eight pop-up ...
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ArticleDesigner Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’
Designer Brands slashed its guidance for the full year after reporting lower-than-expected sales and earnings in the third quarter ended Oct. 28 as consumers continued to be selective and an industry-wide decline in seasonal footwear had an “outsized” impact on the U.S. footwear group given its large seasonal assortment. “The ...
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News briefs
Bogner and Cappelletti extend footwear licensing partnership
The sports fashion company Willy Bogner and the Italian manufacturer Cappelletti are extending their licensing agreement for Bogner’s footwear ahead of schedule. The licensing partnership between the two family companies has been in place since November 2010 - one of the longest-running partnerships in Bogner’s license portfolio - and, ...
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ArticleEU to ban the destruction of unsold clothing and footwear
During the night of Dec. 4, the European Parliament and the European Council reached a provisional agreement, at a technical level, on revising the European Union’s ecodesign framework for sustainable products, the parliament said. The parties plan to introduce “ecodesign” rules for products, ban the destruction of unsold clothing and ...
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News briefs
Zegna sees sales up over 10% annually in the medium term
Zegna aims for a compound annual growth rate (CAGR) in revenues at group level of over 10 percent in the medium term and adjusted Ebit growth of around 20 percent. “This will generate significant cash surplus even while taking into consideration higher, targeted investments in marketing and capital expenditure to ...
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News briefsAerosoles signs licensing agreement with Maze for women's pants
Aerosoles signed a new licensing agreement with Maze Collections for the distribution of women’s pants. The partnership follows Aerosoles’ expansion into sleepwear earlier this year and “marks a strategic move into the apparel industry, introducing a line of work-appropriate career pants designed to redefine workplace comfort,” it said. Aerosoles, which ...
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Article
CEC elects Rosana Perán as president
The general assembly of the European Footwear Confederation (CEC) held on Dec. 1 in Elche, Spain, elected Rosana Perán, as its president for the next two years. She is the first woman to head CEC and succeeds Luis Onofre, president of the Portuguese footwear association, Apiccaps. Perán is president of ...
