All Shoe Intelligence articles in Volume 21, Issue 7-8 – Page 4
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Article
A wave of bankruptcies is projected in the Russian shoe industry
There is a danger that the Russian government will decline to extend its longstanding ban on rawhide exports. If this happens, the domestic shoe industry may experience the bankruptcies of several dozen companies that annually pay 8.2 billion rubles (€112m-$126m) into the federal budget in taxes and other fees. The ...
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News briefs
The Bama Group has launched a web shop for its...
The Bama Group has launched a web shop for its brands Bama, Woly, Tana and Salamander Professional. The German producer of shoe care products, which is now part of the Serafin Group, intends to increase its proximity to customers and their satisfaction online.
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News briefs
Siro Badon, an Italian specialist in private label footwear, was...
Siro Badon, an Italian specialist in private label footwear, was endorsed as the new chairman of Assocalzaturifici, the Italian shoe industry association, at a meeting held just after the end of the World Footwear Congress in Milan earlier this month. He was the only candidate for the post, and his ...
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Article
Fashion athletic products boost Stella’s results
Stella International's revenues decreased by 0.7 percent in 2018 to $1,588.6 million. The volume of its shoe deliveries from its manufacturing facilities rose by 6.4 percent, with 60.2 million pairs shipped by the Chinese company during the period, but average selling prices went down by 3.5 percent to $25.80 per ...
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News briefs
Unic, the association that represents the Italian tanning industry, has...
Unic, the association that represents the Italian tanning industry, has acquired a stake in SprintItaly through Lineapelle, a subsidiary of Unic. The €4 million investment will see Unic own 2 percent of Sicit's capital.
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News briefs
The brand rights and other assets of the bankrupt Bretoniere...
The brand rights and other assets of the bankrupt Bretoniere Group have been taken over by the RNF Group. Owned by Ron Janssen and Ferry Helmer, the Dutch group already owns a major trading company, Ferro Footwear, and Mexx, whose shoes are developed and sold by Ferro. As reported in our last ...
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Article
Asos is not doing so well
Zalando saw its share price go up after it announced that it expects to post a positive adjusted operating profit (Ebit) in the single-digit million range for the first quarter of this year, in contrast with market expectations of negative Ebit of €10 million. It expects to report an increase ...
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News briefs
Aquazzura is planning to expand the brand's product offering with...
Aquazzura is planning to expand the brand's product offering with the launch of a new line of accessories for women, as well as a special accessories and footwear collection for men. The launch is scheduled to take place over the next 18 to 24 months. Aquazzurra recently made its online ...
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News briefs
Hunter Boots has appointed Mark Reed to the post of...
Hunter Boots has appointed Mark Reed to the post of chief financial officer. The former CFO, Benedict Smith, left the British company in August 2018 and is now group CFO at a marketing firm, Willams Lea Tag. Reed joins Hunter from Anya Hindmarch, a London-based accessories brand, where he had been CFO ...
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News briefs
The British Footwear Association (BFA) has appointed a new chief...
The British Footwear Association (BFA) has appointed a new chief executive, Lucy Reece-Raybould, who has been with the Company of Master Jewellers since 2010. She replaces John Saunders, who retired from the post a few weeks ago after serving in the role since November 2015.
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News briefs
Tom Ford has been appointed as the new chairman of...
Tom Ford has been appointed as the new chairman of the Council of Fashion Designers of America (CFDA). He will replace Dian von Fustenberg, who is leaving CFDA after a 13-year tenure at the helm of the organization alongside Steven Kolb, CFDA's chief executive. Ford's appointment will take effect on ...
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News briefs
At its recent annual executive summit in Washington, D.C., the...
At its recent annual executive summit in Washington, D.C., the Footwear Distributors and Retailers of America (FDRA) named the winners of its survey-based awards. Wolverine Worldwide was the year's top all-around performer, while Shoe Carnival was the first top performer in e-commerce. Ben Sasse of the U.S. Senate, a Republican ...
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News briefs
Manebì has announced that Milano Investment Partners, an Italian investment...
Manebì has announced that Milano Investment Partners, an Italian investment firm focusing on consumer/lifestyle businesses, has acquired a stake in the company. The investment is expected to support the expansion of the brand's international retail network and of its product offering. The products of the Spanish shoe brand, specializing in ...
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News briefs
The three wealthiest families in France have announced major donations...
The three wealthiest families in France have announced major donations to help rebuild Notre-Dame de Paris after the iconic cathedral was partially destroyed by fire on April 15. François-Henri Pinault, president of Kering, has announced that the Pinault family, via Artémis, its holding company, will donate €100 million. LVMH and ...
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Short stops
JD Sports Fashion has announced the non-conditional takeover of Footasylum,...
JD Sports Fashion has announced the non-conditional takeover of Footasylum, the British shoe and apparel retailer, after receiving pledges for 91.82 percent of its shares
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News briefs
Schuh has announced that its buying director, David Spencer, is...
Schuh has announced that its buying director, David Spencer, is leaving the company. Spencer spent 21 years at the Scotland-based footwear retailer.
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News briefs
Zalando has announced that Christian Baier and Jan Wilmking, both...
Zalando has announced that Christian Baier and Jan Wilmking, both managing directors of zLabels, will be leaving the company. zLabels, the e-tailer's nine-year-old private label division, was closed on April 1, although the company has indicated that it will continue to offer “everyday essential” clothing and footwear products under 11 ...
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News briefs
GMS, the German voluntary group of shoe retailers, announced the...
GMS, the German voluntary group of shoe retailers, announced the end of a partnership with Schuhe24, the German online marketplace, for the sale of the products of its affiliated shops. GMS noted that the gross margin on the sale of new products through the online platform reached a maximum of ...
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News briefs
Ipanema, a brand of Grendene, is partnering with Anitta on...
Ipanema, a brand of Grendene, is partnering with Anitta on a new collection of sandals. The collaboration with the Brazilian singer coincides with the release of her first international album, entitled “Kisses.”
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Short stops
Amazon has decided to shut down its Chinese website by...
Amazon has decided to shut down its Chinese website by July 18, according to the Financial Times, because of strong competition from Tmall and JD.com, which together control an estimated 82 percent of the e-commerce market in the country
