All Shoe Intelligence articles in Volume 22, Issue 13+14 – Page 2
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ArticleBrazilian shoe production seen falling up to 29% in volume this year
Brazil’s footwear production could fall by between 21.0 and 29.2 percent this year to 643.4-717.5 million pairs due to the impact of the Covid-19 pandemic, according to a survey released by Abicalçados, the country’s association of footwear manufacturers. In value, the decline could be shallower, reaching 18.2 to 27.4 percent, ...
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News briefs
Mulberry ends footwear, ready-to-wear collections
The British luxury goods brand Mulberry has decided to end its footwear and ready-to-wear collections, produced under license by Onward Luxury Group (OLG) since 2015, to focus on leathergoods, which represent about 90 percent of its revenues. OLG is the Milan-based branch of the Japanese company Onward Holdings. Mulberry is ...
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News briefs
Armani ready to ride out pandemic after 2019 revenue growth
Italian fashion house Giorgio Armani says it is in a strong position to ride out the Covid-19 pandemic, after reporting a return to revenue growth in 2019, a year earlier than anticipated. The company, whose brand logo can be found on everything from jeans, to shoes, eyeglasses and household furnishings ...
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Article
Antares eyes distressed Italian fashion assets
Italian private equity and debt-management group Antares is launching a new fund targeting investments among the country’s small and mid-sized financially-struggling fashion companies, whose ranks have grown with the Covid-19 pandemic. Antares has already raised €50 million in fresh cash for its “luxury and lifestyle” turnaround fund, largely with Italian ...
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News briefs
Camper accelerates product development thanks to new PLM solution
Camper said that thanks to the implementation of a new Product Lifecycle Management (PLM) solution, provided by Centric Software, it has managed to reduce product development time, centralize all product data and boost quality control. The Spanish footwear company has explained that it previously struggled with outdated software, not designed ...
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Article
Zalando significantly improves its full-year guidance after Covid-19 outbreak
Zalando expects full-year gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent, with adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May 6 in an attempt to estimate the ...
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ArticleChange of ownership for Clergerie
First Heritage Brands has sold Maison Clergerie, the French maker of luxury footwear, to French Legacy Group, an investment fund of Swiss-based Mirabaud Asset Management. The financial terms of the transaction could not be obtained. In 2011, Robert Clergerie, the designer and founder had sold his company to First Heritage ...
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News briefs
Martin Krist, former head of Esprit’s shoe division, dies at 55
Martin Krist, former head of Esprit’s shoe division and an innovative leader in the shoe industry, died unexpectedly in June at the age of 55. Krist was with Esprit for over 17 years, from July 1998 until the beginning of 2016, shaping the fashion manufacturer’s shoe business strategy for many ...
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Article
Hotter Shoes submits debt restructuring plan to creditors
UK footwear chain Hotter Shoes has reportedly gone ahead with plans to file a company voluntary arrangement (CVA) proposal to creditors and shareholders seeking approval to close 46 stores as it deals with the impact of the coronavirus pandemic. The plan would leave the company, owned by Electra Private Equity, ...
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Article
Asos sees FY profits at top end of expectations after lockdown sales surge
Online fashion retailer Asos expects annual pre-tax profit to be at the top end of expectations after a sales surge driven by purchases of casual and active wear during the coronavirus lockdown. Group sales in the four months to June 30 rose to £1.01 billion (€1.1bn-$1.3bn) from £919.8 million in ...
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News briefs
Birkenstock to sell footwear designed by Central Saint Martins’ students
From February, Birkenstock will sell in selected stores worldwide and on the site 1774.com footwear designed by four students of Central Saint Martins. The German company started working with the London-based college in 2018 when it commissioned the BA Fashion History & Theory course to work on its archive. In ...
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News briefs
Drapers to hold footwear awards online on Aug. 6
Drapers is holding a series on high-profile events online as a consequence of the Covid-19 pandemic. On Aug. 6, the business-to-business fashion retail magazine and website will hold its Drapers Footwear Awards. On Sept. 30 and Oct.1, it has programmed the Drapers Digital Festival that will include debates on the ...
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Article
Floris van Bommel enhances the delivery service to retailers
The Dutch shoemaker Floris van Bommel has reorganized the delivery service to wholesale clients to increase flexibility. For the spring/summer 2021 season, five delivery time windows will be offered to retailers, up from three previously. Delivery slots will now be available in November, December, January, February and March. ...
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News briefsHermès’ purchase of J3L cleared by the French antitrust agency
The French antitrust agency, Autorité de la concurrence, has authorized, without conditions, Hermès’ plans to take full control of J3L, that it currently jointly controls, on the grounds that the transaction does not hinder competition. J3L produces high-end metal parts for luxury companies, especially for handbags, briefcases, wallets and shoes. ...
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Article
Only a quarter of U.K. companies are ready for Brexit
Only 24 percent of U.K. business leaders believe that their businesses are fully ready for the end of the Brexit transition period, which concludes on Dec. 31, according to a survey by the Institute of Directors (IoD). According to the survey, 19 percent of respondents said that they are ...
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ArticleFootwear fails to keep pace with upswing in online sales in Germany
Despite enjoying a recovery, online sales of footwear lagged other product categories in Germany during the second quarter. As the country eased lockdowns imposed in a bid to counter the coronavirus pandemic, online sales reported a higher-than-average increase in the second quarter, swinging back to growth after a slump ...
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News briefs
Schuh Schneider closes all its stores in Germany
The German shoe retailer Schuh Schneider GmbH from Reutlingen closed its eleven stores after filing for bankruptcy at the end of March. The decision to close the businesses stems from the lack of guarantees to ensure their continuation. According to press reports, the company’s boss Steffen Marsik was on track ...
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ArticleWortmann to hold another home-made digital event for its brands
The Wortmann Group is embracing the opportunities offered by internet to hold its own digital trade shows. But, it has also decided to increase its digital presence by taking part for the first time in an online trade show for the textile industry.
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ArticleMicam Americas September edition cancelled
The British trade fair organizer Informa Markets has cancelled the fashion trade show Magic, which includes the footwear show Micam Americas, scheduled to run from Sept. 30 to Oct. 2 at the Las Vegas Convention Center due to health, safety and travel concerns related to the Covid-19 pandemic. Along with ...
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News briefs
Gallery Fashion, Gallery Shoes to be held Aug. 30 to Sept. 1
The fashion fair Gallery Fashion and the shoe fair Gallery Shoes is scheduled to take place from Aug. 30 to Sept. 1, 2020 in Düsseldorf. The emphasis will be on shoes, as about two thirds of the exhibitors will come from the footwear industry and the other third from the ...
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