All Shoe Intelligence articles in Volume 19, Issue 5-6 – Page 4
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Article
Vivarte has apparently been salvaged
A spokesman for the French footwear and apparel retailing group confirms a report in the French financial daily Les Echos that all the 172 lenders who are being owed a total of €846 million on their long-standing loans have agreed to convert them into shares. They have also agreed to ...
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Article
ANWR and Sabu launch electronic invoicing
ANWR and Sabu, the two biggest voluntary groups of independent shoe retailers in Germany, are going to offer their members a standardized electronic invoicing system for their centralized settlements from January 2018. The system, developed and operated by RAW Rechen-Anlage West, will reduce the use of paper, manual work and ...
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News briefs
Much like ANWR (see the related story in this issue),...
Much like ANWR (see the related story in this issue), Sabu reported a drop in centralized settlements in the past year. They fell by 3.0 percent to €320 million. The management attributed the decline to cautious ordering by the affiliated retailers for the autumn/winter 2016/17 season, but said it expected ...
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News briefs
Pentland Brands has announced an unspecified investment in SeeVees, a...
Pentland Brands has announced an unspecified investment in SeeVees, a Californian brand of casual lifestyle sneakers. Pentland says the company pioneered the transformation of the original sneaker from a gym shoe to a casual shoe after its establishment in 1964. It was “rediscovered” and “resurrected” in 2010 by Steven Tiller, ...
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Article
Andreas Wortmann quits Ecco
Andreas Wortmann, one of the four members of Ecco's executive board, has handed in his resignation after 15 years in top management positions. Citing personal considerations, the 51-year-old executive is leaving the big Danish shoe company to join his wife in Hamburg to look at other options, but he told ...
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Short stops
Rocky Brands promotes Thomas Robertson from senior financial analyst to...
Rocky Brands promotes Thomas Robertson from senior financial analyst to chief financial officer, taking the place left vacant by the resignation of James E. McDonald
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Article
Men’s & the weak pound boost revenues at Jimmy Choo
Jimmy Choo reported strong growth for the full year 2016, driven by China, the weak pound and its new men's lines. Revenues were up by 14.5 percent to 364 million pounds (€419.7m-$444.6m), or by 1.6 percent on a constant-currency basis.Shoes represented 75.0 percent of revenue, driven by the launch of ...
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News briefs
The FDRA (Footwear Distributors and Retailers of America) has recognized...
The FDRA (Footwear Distributors and Retailers of America) has recognized eight footwear factories from China and Vietnam with the distinction as a Recognized Responsible Footwear Manufacturer for 2016. The eight names include both a group of 2014 recipients and new designees which have not been recognized before. The new recipients include: ...
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Article
Brazil boosts Alpargatas' profits
Strong sales of sandals in Brazil helped Alpargatas grow profits by 106.4 percent to 102.6 million reals (€30.9m-$33.1m) for the fourth quarter of 2016. It achieved this high level of profitability in spite of a 4.1 percent drop in global revenues to R$1,065.9 million (€320.6m-$343.5m) during the quarter, weighed down ...
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Short stops
Diego Mohadeb is taking over as chief executive of Alpargatas...
Diego Mohadeb is taking over as chief executive of Alpargatas Argentina from Javier Goñi
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News briefs
Aldo Group has announced the appointment of David Bensadoun, the...
Aldo Group has announced the appointment of David Bensadoun, the current president of Aldo North America, as chief executive officer of the group, effective April 3. He will replace Patrick Frisk, who has held the role since 2014. David is the eldest son of the company's founder, Aldo Bensadoun. He ...
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Short stops
The Italian shoemaker Valleverde, which recently changed ownership, aims to...
The Italian shoemaker Valleverde, which recently changed ownership, aims to increase 2017 sales by 35 percent from the €10 million posted in 2016
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News briefs
A. Testoni has signed a distribution agreement with Oasis Fashion...
A. Testoni has signed a distribution agreement with Oasis Fashion to bring its new I29 brand to China. Through this agreement, Testoni plans to open 70 stores in the Asian country over the next six years. A. Testoni was founded in Bologna, Italy by Amedeo Testoni in 1929, hence the ...
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News briefs
The new Comprehensive Economic and Trade Agreement (CETA) between the...
The new Comprehensive Economic and Trade Agreement (CETA) between the European Union (EU) and Canada, which was recently approved by the European Parliament in Strasbourg, could have positive repercussions on Italy's footwear industry. The vote of the Canadian Parliament is scheduled for this coming April. The agreement will then have ...
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Article
ANWR offers new digital services after a tough year
ANWR Schuh, Germany's largest cooperative of independent shoe retailers, has reported a decline of 3.4 percent in its centralized settlements to €816 million in 2016 due to lower orders by the affiliated retailers. The latter saw their own turnover sink by 1.8 percent, roughly in line with the market situation, ...
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News briefs
After the numerous divestitures announced by Vivarte, its main competitor...
After the numerous divestitures announced by Vivarte, its main competitor in shoe retailing, Eram has announced its decision to put up for sale again Agora Distribution, a French company whose holdings include Tati, a pioneer in discount apparel retailing that has suffered from the development in France of more modern ...
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News briefs
Two years after his company was sold to Coach for...
Two years after his company was sold to Coach for $575 million, Stuart Weitzman, who is now 75 years old, is getting ready to retire in May. He will be replaced by a new creative director, Giovanni Morelli, who comes from Loewe, according to Footwear News. Discussing his future plans, ...
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Article
Condor Trade acquires Rohde
The receivers of Eric Rohde have announced the sale of the famous German shoe company to the Italian-based Condor Trade Group, which owns the well-know Inblu brand of shoes among other operations. Condor Trade has agreed to buy only some assets, but not the debt of the company, which will ...
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News briefs
According to various reports, Payless ShoeSource, the international low-priced shoe...
According to various reports, Payless ShoeSource, the international low-priced shoe retail chain based in the U.S., is planning to shut down between 300 and 1,000 stores while renegotiating its debts of $665 million, of which $520 million consists of loans maturing in 2021. Some Chinese suppliers are suffering because they ...
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News briefs
Bearpaw has announced a new partnership with Quagga Accessories, a...
Bearpaw has announced a new partnership with Quagga Accessories, a design, manufacturing, licensing and wholesale company, which will allow Bearpaw to extend its presence in the accessories market. The partnership paves the way to the launch of three new collections. The Wearables collection will feature a variety of printed and ...
