Genesco wins proxy battle as shareholders re-elect all 9 board nominees
Genesco has won a proxy battle against activist investors as shareholders re-elected all nine members of the board during an annual general meeting held on July 21.
US imposes 25% tariff on Brazilian goods
The US will impose a 25 percent tariff on most imports from Brazil starting July 22, after a yearlong investigation into what the US administration calls unfair trade practices, according to the Office of the United States Trade Representative (USTR).
Bally placed under court supervision amid financial distress
Weeks after announcing a wave of store closures and the end of shoe production in Switzerland, the Swiss luxury shoemaker Bally has been placed under court supervision amid deepening financial difficulties, with the company’s liabilities standing at around CHF 20 million (€21.6 million). A Swiss court has appointed an external ...
EU considers gradual access to social media platforms for children
The European Commission is considering a “phased and gradual access” to social media platforms to protect children.
Genesco board receives support against activist investors
Genesco’s management has received support from a leading US proxy advisory firm in its battle against the activist investors Bradley Radoff, Jumana Capital Investments and Christopher Martin, who collectively owned 9.1 percent of the US footwear’s capital on July 1.
European shoemakers call for stronger accountability in e-commerce
The European Footwear Confederation (CEC) , together with 87 representatives of European Union trade associations, consumer organizations and environmental non-profit organizations, is calling for stronger product compliance rules and accountability in e-commerce.
How the Italian Trade Agency boost support to Expo Riva Schuh and the footwear industry
The Italian Trade Agency has significantly boosted its financial support for Italy’s footwear industry, with evidence of the increased funding seen in the sharp rise in the number of incoming buyers at the Expo Riva Schuh and Gardabags trade fair held in Riva del Garda from June 13 to 16. ...
European shoemakers launch a comprehensive ecodesign framework
The European footwear industry has launched ECOSTEP (Ecodesign criteria for Sustainability in footwear and Testing methods for Evaluation of Performance) to create the first comprehensive ecodesign framework tailored to the sector.
German shoe industry sounds alarm over implementation of EU Extended Producer Responsibility rules
The German shoe industry has warned that the introduction of a planned Extended Producer Responsibility (EPR) framework for consumer textiles and footwear threatens to place a heavy burden on medium-sized companies already struggling with rising energy prices, supply chain issues and increasing competitive pressure from abroad, as well as on ...
Brazil renews footwear export program for 2 years
Abicalçados, the Brazilian footwear association, and ApexBrasil, the Brazilian agency for the promotion of exports and investments, signed the renewal of a two-year agreement to promote Brazilian footwear.