All Shoe Intelligence articles in Volume 21, Issue 19-20 – Page 5
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News briefs
Vans, a brand of VF Corp., has announced the launch...
Vans, a brand of VF Corp., has announced the launch of Vans Checkerboard Day, an annual event to rally communities around the idea of fueling creativity. On the inaugural Vans Checkerboard Day, which will be held on Nov. 21, Vans will donate $1 million from global sales at the brand's ...
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News briefs
Wolverine Worldwide has hired Angelo Ng to be its first...
Wolverine Worldwide has hired Angelo Ng to be its first chief merchant officer. He will be aligning market research, trends and strategy with respect to merchandising and innovation for Wolverine's portfolio of brands. Ng turned away from vending about two years into his career with a post at Boxer, where ...
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Article
Li & Fung strengthens its capital
Li & Fung has announced that its strategy to create the “supply chain of the future” has received an important boost. The Asian provider of supply chain solutions has completed a simultaneous bond tender offer and new bond offering that will strengthen its equity by $375.8 million, representing 50.1 percent ...
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News briefs
Standard & Poor's has downgraded the rating outlook for Wolverine...
Standard & Poor's has downgraded the rating outlook for Wolverine Worldwide from stable to BB+ because its financial leverage has risen to three times due to spending on share buybacks. The leverage may grow beyond three times if the Ebitda margin doesn't improve from its current level of 5 percent ...
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Short stops
Karim Choukair, chief executive of Melvin & Hamilton, has been...
Karim Choukair, chief executive of Melvin & Hamilton, has been elected president of ModEurop, the fashion trends platform of the German Shoe Institute (DSI), with Dietmar Jost from the Jost brand of bags and Niek Jansen from Rexor elected vice presidents
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News briefs
Cole Haan, the American footwear brand sold by Nike to...
Cole Haan, the American footwear brand sold by Nike to Apax Partners in 2013, announced that it has filed a draft registration statement with the U.S. Securities and Exchange Commission in preparation for an initial public offering (IPO). The pricing and the number of shares on offer have not yet ...
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News briefs
The Footwear Distributors and Retailers of America (FDRA) and TÜV...
The Footwear Distributors and Retailers of America (FDRA) and TÜV SÜD have updated the Global Footwear Product Safety Guide, which covers chemical and physical testing requirements as well as proposed protocols for shoes. The update is the result of the work of FDRA's Product Safety Enhancement Committee with several company ...
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News briefs
Allbirds has recently opened its first store in Germany in...
Allbirds has recently opened its first store in Germany in Berlin. The American brand of sustainable footwear has 13 stores worldwide. It has already opened stores in New York, Los Angeles, Shanghai and London this year, and a new e-commerce website, Allbirds.eu, has been up and running in Germany since ...
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News briefs
In a significant change of management, Tod's has named Alessandra...
In a significant change of management, Tod's has named Alessandra Domizi, formerly involved in fashion and retail at Google, as chief digital & innovation officer. Tod's has also appointed Walter Chiapponi as the new creative director for its women's and men's collections, starting with the lines for the autumn/winter 2020/21 ...
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News briefs
In partnership with Disney, Aldo has released a limited-edition capsule...
In partnership with Disney, Aldo has released a limited-edition capsule collection to mark the 90th anniversary of Mickey and Minnie Mouse. Comprising men's shoes, women's shoes and women's accessories, the collection is divided into two categories: “for the nostalgic” and “for the modern.” The first takes inspiration from the 1990s, ...
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News briefs
Zeis Excelsa has signed a five-year licensing agreement to use...
Zeis Excelsa has signed a five-year licensing agreement to use a well-known Italian footwear brand, Alberto Guardiani, for a line of sneakers that will come into the market in spring/summer 2020. Made in Portugal, Morocco and China, it is priced at €130-160 per pair at retail. The eponymous designer took ...
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News briefs
Francesco Russo has signed a production and worldwide distribution agreement...
Francesco Russo has signed a production and worldwide distribution agreement with Onward Luxury Group (OLG), the Milanese subsidiary of Onward Holdings. Thanks to the deal, the Italian designer plans to focus on the creative development and international expansion of its label, through the OLG showrooms in Milan, Paris, Tokyo and ...
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News briefs
Looking for foreign agents, Stephane Kélian came back to the...
Looking for foreign agents, Stephane Kélian came back to the Micam show in Milan last month after many years of absence with a new corporate identity, new management and a more accessible collection made for the most part in Spain. The line also features some stylish sneakers made in China. ...
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Article
Former CEO loses claim against Clarks
An employment tribunal in the British city of Bristol has ruled against Mike Shearwood in his dispute with C&J Clarks. Shearwood was the big British shoe company's chief executive from September 2016 to June 24, 2018, when its board moved unanimously to oust him. He was recently replaced by Giorgio ...
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News briefs
Gucci has lost the legal battle against Silvano Lattanzi over...
Gucci has lost the legal battle against Silvano Lattanzi over the horsebit trademark that it has long been using on its leather goods. In 2011, Italy's financial authority confiscated a number of horsebit-bearing loafers that were being sold by a retailer in Tuscany under the Silvano Lattanzi brand name. In ...
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Article
VF wants Timberland to grow again, enlarging its target
Executives of VF Corp. have admitted that Timberland failed to live up to expectations in the last few years, growing at a very slow place, largely due to a slowdown in sales of iconic styles like the Yellow Boot and the rising popularity of athletic-inspired sneakers. VF had projected a ...
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News briefs
Truworth of South Africa has announced an agreement to refinance...
Truworth of South Africa has announced an agreement to refinance Office, the British shoe retail chain that it bought four years ago for £256 million (€297.6m-$332.3m). Standard Bank will provide a debt facility of £32.5 million (€37.8m-$42.2m) that replaces a former line of credit. The closure of some loss-making stores ...
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News briefs
Two offers have reportedly been submitted for the acquisition of...
Two offers have reportedly been submitted for the acquisition of La Manufacture Charentaise, the company set up last year to put together the operations of four manufacturers of slippers in the Charente region of France: Rondinaud, Ferrant, Degorce and Laubuge (Shoe Intelligence Vol. 20, N° 13+14 of July 20, 2018). ...
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News briefs
According to a recent study by the Federal Association of...
According to a recent study by the Federal Association of E-Commerce and Mail Order Germany (BEVH), online footwear sales in the German market amounted to €1.02 billion in the third quarter of 2019, growing by 7 percent from the same period of the previous year. Meanwhile, online sales of apparel ...
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Article
LVMH accelerates on environmental commitments
LVMH's ambition to further accelerate on environmental commitments and protect biodiversity was recently unveiled at a news conference, organized alongside an event for the group's Life (LVMH Initiatives for the Environment) environmental program. The event, entitled Future Life, took place at LVMH's headquarters in Paris on Sept. 25, and gathered ...
