All Shoe Intelligence articles in Volume 15, Issue 24-25 – Page 2
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Article
Zalando changes corporate structure
Zalando completed its registration as an Aktiengesellschaft (AG or limited corporation with a share capital), giving it the option to go public. Reportedly, this could be an attractive step in the medium term. As part of this process, the big German online retailer has appointed a new supervisory board headed ...
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News briefs
Skechers is upgrading its European distribution center, which it opened...
Skechers is upgrading its European distribution center, which it opened in 2002 on 21,000 square meters at Milmort, near Liège in Belgium, as volumes have risen fourfold since then. The center was already expanded in 2009. The company is now installing an automated order-picking system at the facility. A logistics ...
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Article
Salvatore Ferragamo wins counterfeit case
A Manhattan court has awarded $4.3 million in damage to Salvatore Ferragamo in a landmark counterfeiting case over infringements on its trademark. The suit was filed in the Southern District Court of New York last January against 15 U.S. defendants who were holding a total of 95 domain names. The charges ...
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News briefs
Casadei will unveil its first collection of men's footwear, under...
Casadei will unveil its first collection of men's footwear, under the Cesare Casadei name, at Pitti Uomo in January. The Italian firm has chosen Paris-based Louis Leeman to collaborate on the line, which will include seven to eight styles of sneakers, loafers and a biker boot. The inspiration for the ...
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Article
Brown Shoe posts modest growth, driven by Famous Footwear
Brown Shoe Company posted a 1 percent sales increase to $702.8 million in the third quarter of 2013 as compared to the third quarter of 2012, excluding sales from discontinued operations for both quarters. Results for the third quarter of 2013 and 2012 included sales of $0.2 million and $1.4 ...
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News briefs
Brioni is putting out a special line of high-end Goodyear-welted...
Brioni is putting out a special line of high-end Goodyear-welted men's shoes. They feature a special lining that retains the foot's shape. All the pairs are hand-made and numbered. Brioni is a fashionable Italian brand of menswear that was recently acquired by Kering, parent company of Gucci, Saint Laurent, Sergio ...
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Short stops
Sanuk, one of the brands of Deckers Outdoor Corp., has...
Sanuk, one of the brands of Deckers Outdoor Corp., has opened a store in Honolulu
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Short stops
Camp David, a German sportswear brand, is coming out with...
Camp David, a German sportswear brand, is coming out with its first collection of men's shoes, developed with Dirk Pues and his 2P Shoez company and manufactured mainly in Portugal
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News briefs
Skechers has signed up Danielle Bradbery as the new face...
Skechers has signed up Danielle Bradbery as the new face for its global marketing and social media campaigns through 2015. The 17-year-old singer and breakout star is the recent winner of season 4 of NBC's The Voice, the youngest winner in the history of the popular television show. Bradbery will ...
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News briefs
Gina R. Boswell, executive vice president of Unilever in charge...
Gina R. Boswell, executive vice president of Unilever in charge of personal care products, is joining the board of directors of Wolverine Worldwide. Blake W. Krueger, Wolverine's chairman and chief executive, says that she has an impressive track record of building global brands, executing business strategy, and growing market share ...
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Article
Shoe Carnival blames calendar shift for lower results
Shoe Carnival saw its net profit decline by 10.7 percent in the third quarter ended Nov. 2 to $10.9 million. Sales in the quarter fell by 3.5 percent to $235.8 million. As the previous financial year consisted of 53 weeks, each of the first three quarters of the present one ...
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Article
Blackstone invests in Crocs
An investment fund affiliated with Blackstone, one of the world’s leading equity groups, has agreed to invest $200 million in Crocs by acquiring a new series of preferred shares that will represent about 13 percent of its equity upon conversion. The net proceeds of about $180 million will be reinvested ...
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News briefs
Discussions are still being held with potential investors in Görtz...
Discussions are still being held with potential investors in Görtz and they may lead to a decision to sell the big German shoe retailing company in the first quarter of 2014, but there is apparently no pressure to make the move. Gôrtz has become profitable again at the operating level ...
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News briefs
Eureka, the Portuguese manufacturer behind the Eureka, Grotesque and Philipe...
Eureka, the Portuguese manufacturer behind the Eureka, Grotesque and Philipe Souza brands of shoes, is reportedly studying the opening of its first stores outside its country. It just opened a new flagship Eureka store in the central rua de Santa Catarina in Porto. It is its 28th store in Portugal. ...
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Article
R.G. Barry could be sold soon to an equity fund
R.G. Barry announced on Dec. 16 that it has entered into a non-disclosure standstill agreement with Mill Road Capital Management for the purchase of the company. R.G. Barry owns Dearfoams slippers as well as Baggallini handbags, totes and travel accessories and Foot Petals premium insoles and comfort products. R.G. Barry's ...
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News briefs
Barratts, the bankrupt British shoe retail chain that previously belonged...
Barratts, the bankrupt British shoe retail chain that previously belonged to Stylo, has shut down 19 of its remaining 75 stores, affecting about 200 of its 1,035 employees. The court-appointed administrators of the chain, Duff & Phelps, have reportedly dismissed Michael Ziff, the company's chairman and chief executive, along with ...
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Article
Prada settles with tax authorities
The family of Miuccia Prada and her husband Patrizio Bertelli has reached an agreement with Italian tax authorities that will result in registering the 10-odd holding companies that control the Prada group in Italy. The holding companies are currently registered in Luxembourg and the Netherlands and include Prada Holding NV, ...
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News briefs
Auchan, the big French hypermarket chain, has received a total...
Auchan, the big French hypermarket chain, has received a total fine of €250,000 in a counterfeiting suit launched by Feiyue, the growing French brand of sneakers. Apparently, Auchan used the photo of an authentic Feiyue shoe and bought a lot of copies of the model in various colors, made in ...
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News briefs
The Fashion Footwear Association of New York (FFANY) is expanding...
The Fashion Footwear Association of New York (FFANY) is expanding its education program with Ars Sutoria, adding a digital version that will allow it to register more students. The American association has also announced the creation of a digital wholesale marketplace for footwear. FFANY 365, whose launch is planned for ...
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News briefs
Assocalzaturifici has struck a deal with Unicredit to help finance...
Assocalzaturifici has struck a deal with Unicredit to help finance the participation of small and medium-sized members of the Italian shoe industry association in theMicam Milan and other trade shows. The loans may also be granted to fund the production of the orders collected at the fairs.
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