All Shoe Intelligence articles in Volume 21, Issue 17-18 – Page 4
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News briefs
Patrick Puy, the president Vivarte, has indicated once again the...
Patrick Puy, the president Vivarte, has indicated once again the likelihood that its creditors will take over the embattled French retail group, whose only remaining assets are La Halle, Caroll and Minelli. The reason is that it will not be able to pay back loans of €300 million by the ...
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News briefs
VF Corp. is once again holding its “Purpose Days” program....
VF Corp. is once again holding its “Purpose Days” program. During the week of Sept. 9, some 500 employees in Europe, the Middle East and Africa (EMEA) have been volunteering their time for various activities to support their communities. Working with non-profit organizations, the American lifestyle company, which owns many ...
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News briefs
After covering the next Micam show in Milan, Marianne Müller will...
After covering the next Micam show in Milan, Marianne Müller will be stepping down as editor of the Danish shoe magazine Sko Shoes and More after 27 years. She will be subsequently working as a freelancer. There are no plans to replace her, as the magazine's format and direction are under ...
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News briefs
After establishing new executive positions around its chief executive, Stefan...
After establishing new executive positions around its chief executive, Stefan Stolitzka, Legero United plans to invest €74 million in brand and product development by 2021. The Austrian-based footwear group – which markets such brands as Legero, Superfit, Vios and Think – aims to focus more on the consumer and to ...
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Article
Panafrica offers sneakers with African prints
Panafrica, a French start-up producing flat-sole lace-up canvas shoes made with African batik prints, posted sales of €1 million in 2018, up from €400,000 the previous year, and aims to achieve revenues of €1.2 million this year. About 50 percent of its revenues come from its own e-commerce website, with ...
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News briefs
Clarks has recruited the actors Freida Pinto and Alexander Skarsgård...
Clarks has recruited the actors Freida Pinto and Alexander Skarsgård for its autumn/winter marketing campaign. Pinto and Skarsgård will be the first celebrities to endorse the British shoe brand. According to Tara McRae, Clarks' chief marketing officer, they were “organic choices to serve as the faces of our campaign, given ...
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News briefs
According to the online magazine TechCrunch, Atoms, a DTC (direct-to-consumer)...
According to the online magazine TechCrunch, Atoms, a DTC (direct-to-consumer) brand of shoes, has raised $8.1 million in Series A funding. The brand offers shoes in quarter sizes rather than full or half sizes and allows customers to purchase different sizes for each foot to ensure optimal fit. The funding ...
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Article
Turkish shoemakers look abroad amid a tough domestic market
At least two Turkish shoemakers that have been catering to the domestic market, Cabani Shoes and United Shoes (UCS), are seeking to further expand abroad, especially in the U.S., after Turkey entered an economic recession at the end of last year.According to an asset management group, Amundi, Turkey's GDP is ...
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News briefs
Hermès International reported a 6.8 percent increase in net earnings...
Hermès International reported a 6.8 percent increase in net earnings to €754 million for the first half of this year. The operating margin went up to 34.9 percent from 34.8 percent. As previously reported, the luxury group's turnover rose by 12 percent to €3.28 billion during the period.
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Article
Higher prices boost Italian shoe exports by 8.4%
Italian shoe exports went up by 8.4 percent in value to €4.217 billion in the first five months of 2019, but in terms of volume, they fell by 0.4 percent to 91,828,000 pairs. The average price per pair increased by 8.8 percent to €45.93.Exports to the rest of the European ...
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News briefs
Li & Fung has sold a 21.7 percent stake in...
Li & Fung has sold a 21.7 percent stake in its rather sophisticated LF Logistics business to a Singapore-based investment company, Tomaskek, for $300 million to help expand its operations in Asia and improve its own capital structure. The group saw its revenues decline by 8.4 percent on an organic ...
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News briefs
The Italian government is expected to grant €20 million to...
The Italian government is expected to grant €20 million to €30 million in aid to financially distressed shoe companies in the areas of Fermo and Macerata, in the Marche region, naming it a “complex crisis area.” Regional authorities and other various funds are expected to participate in the program. Hit ...
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Article
Italian shoe output drops by 2.3%
The rate of decline is softening. Italy's shoe production fell by 2.3 percent in volume in the first half of 2019, compared with a 3.3 percent decline for the whole of 2018, when the output totaled 184.3 million pairs. The trend is expected to remain roughly the same for the ...
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News briefs
Office will close between ten and 15 of its loss-making...
Office will close between ten and 15 of its loss-making stores in the U.K. over the next two years. The announcement has been made by Truworths, Office's parent company, after the retailer's operating profit fell by 55 percent for the year to June 30. The overall store portfolio would therefore ...
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News briefs
The Sept. 7-10 edition of Who's Next, the French fashion...
The Sept. 7-10 edition of Who's Next, the French fashion trade fair in Paris, focused strongly on environmental sustainability, with a new space called Impact. This area of the show was reserved for eco-responsible fashion brands. Impact also hosted thematic debates about the major environmental challenges for the fashion industry. ...
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