All Trade & Sourcing articles – Page 13
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ArticleEU, UK extend Brexit trade talks in effort to avoid a “no deal”
The United Kingdom and the European Union had decided to wait until Sunday, Dec. 13 to find a compromise on a trade agreement that would go into effect on Jan. 1. But, the European Commission’s president, Ursula von der Leyen, said the negotiators will now continue to work into this ...
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ArticleThe U.K. reaches trade accord with Vietnam, but deal with EU unlikely
The U.K. has finalized a free trade agreement with Vietnam, which is scheduled to become effective from Jan. 1. It is the third trade agreement reached with an Asian country, after those with Singapore and Japan. The U.K. has also reached a preliminary trade agreement with Canada. The U.K. is ...
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ArticleMaterial Exchange raises €5 million to accelerate growth
Material Exchange, the Swedish online platform for the procurement of materials, raised €5 million in a funding round as it seeks to accelerate its growth plans after the “business exploded” during the Covid-19 pandemic. “The Covid-19 pandemic has accelerated the digitalization of the industry by at least five years,” said ...
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ArticleChanel buys Italian luxury shoe maker Ballin
Chanel has bought a majority stake in the Italian luxury shoe maker Ballin, which has its own brand and produces for third parties, including the French fashion house. The company will continue to be managed by the Ballin family and will be allowed to continue working with all its other ...
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News briefsRussia reportedly planning to limit shoe imports
The Russian government is mulling over measures aimed at limiting footwear imports, according to the Russian press. The local authorities plan to take advantage of the situation created by the Covid-19 pandemic, including a slump in the import of fashion goods and restrictions on international travel, to expand the domestic ...
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ArticleEram bets on cheaper French-made shoes
The French shoe retailer Eram has expanded its range of French-made shoes to include best-selling, easy-to-wear models, at an affordable price. Until now, the pairs produced in its Montjean-sur-Loire factory were higher-priced trendy and original fashion models. The new cheaper, locally-produced pairs are part of the Eram Flex range, which ...
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Article
Chamatex to open “smart” footwear factory in France with Salomon and others
French textile producer Chamatex has teamed up with Salomon, Babolat and Millet as well as an investment company on the construction of a new footwear manufacturing facility called Advanced Shoe Factory 4.0 (ASF 4.0) in the Auvergne-Rhône-Alpes region of France. ASF 4.0 was founded by Chamatex with the goal of ...
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ArticleObuv Rossii parent launches capital hike to finance its development
OR PJSC, the parent company of the Russian footwear group Obuv Rossii, is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. In 2017, OR ...
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News briefs
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik. The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the business. Lanxess ...
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ArticleTheo Henkelman, Only A Shoes follow FNG Group into bankruptcy
The two Dutch shoe companies Theo Henkelman and Only A Shoes had to file for bankruptcy in the wake of the insolvency of part of the Belgian fashion firm FNG Group. The bankruptcy proceedings started on Aug. 10 for the two Dutch units. The administrator in charge of managing the ...
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News briefs
EU introduces tariffs on Cambodian shoes
As of August 12, Cambodian footwear and other products such as garments and travel goods are subject to the European Union’s customs duties. The move comes after the EU decided to partially withdraw Cambodia’s duty-free quota-free access to the single market because of a lack of respect of human and ...
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ArticleCCILU open to partnerships on new green material
CCILU, the Taiwanese brand of lifestyle footwear, has launched Greenplax, a new ecological raw material for outsoles, insoles and upper fabric upcycled from plastic bottles. The announcement is accompanied by a $20,000 crowdfunding and marketing campaign on Kickstarter for a shoe model called Renee, said to incorporate the equivalent of ...
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News briefs
Grendene suspends production in Sobral again due to Covid-19 lockdown
The Brazilian footwear manufacturer Grendene has suspend production in Sobral, where it has its largest manufacturing base, following a municipal decree. The company already had to close its sites in the town and other parts of the country due to restriction orders to combat the propagation of the Covid-19 pandemic. ...
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Article
Cambodian manufacturers plead for postponement of EU sanctions
Sales of Cambodian apparel, footwear and travel goods are estimated to fall by 50 to 60 percent in the second quarter year-on-year, according to the Cambodia Footwear Association, the Garment Manufacturers Association in Cambodia and the European Chamber of Commerce in Cambodia. In a co-signed letter sent to the European ...
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ArticleMaterial Exchange rides the digitalization wave
Material Exchange, an online platform for the procurement of materials based in Stockholm, has seen growth in the number of its footwear and fashion supplier and brand members accelerate as the Covid-19 pandemic gives a new impetus to digitalization.
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News briefs
Grendene resumes partial production in Ceará state
On June 1, the Brazilian footwear manufacturer Grendene resumed production at its plants in Crato and Fortaleza, both in the state of Ceará, which had been temporarily closed because of the Covid-19 pandemic. On June 8, Grendene expects to resume production in Sobral, also located in Ceará and where it ...
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Article
UK to erase import tariffs for leather from 2021
The British government has removed import duties for leather in its new tariff regime known as the U.K. Global Tariff (UKGT), and which will replace the European Union’s Common External Tariff (CET) from Jan. 1, 2021. But tariffs for leather footwear remain largely unchanged.
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Article
APLF postponed to 2021, offers digital matching solutions
In the wake of the Covid-19 pandemic, the organizers of the Asia Pacific Leather Fair (APLF) have finally decided to postpone until next year the annual edition of the event. To keep the business community connected, APLF is offering digital solutions and on May 7 is holding a sourcing event ...
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Article
Germany withstands the disease in better ways
Italy, the largest shoe manufacturing country on the continent, has suffered the highest number of deaths, followed by Spain, the second-largest producer. The official number of deaths related to the epidemic is now higher in Italy than in China, where it started last December. After Italy, Spain became the second ...
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Article
Italy’s 2019 shoe production fell by 3.1% in volume
Italian footwear production fell by 3.1 percent to 178.6 million pairs in 2019 as the industry continued to suffer from a weak domestic market and a decline in export volumes, according to an estimate released by the Italian shoe industry association Assocalzaturifici. The value of the production rose by 1.3 ...
