All Shoe Intelligence articles in Volume 22, Issue 13+14 – Page 4
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OpinionAmazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
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News briefs
Breuninger to open fully renovated, 11,000-sqm Nuremberg branch in September
The upmarket German department store retailer Breuninger is preparing to open its fully redesigned 11,000 square-meter branch in Nuremberg, in the southern German state of Bavaria, featuring an expanded range of premium and luxury brands as well as two new gastronomic outlets. The re-opening of the department store, redesigned by ...
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ArticleNice Footwear issues €3 million in bonds to finance its development
Nice Footwear is launching a €3 million bond with an annual interest rate of 4.375 percent and a six-year maturity. The bonds, which have a face value of €100,000 each, will be traded on the Milan stock exchange. Under the terms of the transaction, the Italian company has the right ...
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Article
CTC boosts the support scheme for its members
The Centre Technique du Cuir (CTC), the French-based research and training group that redistributes funds collected among its members to support the national leather industry, has announced a three-fold plan of exceptional measures for this year, in order to assist its members in the post-coronavirus period. A new subsidy will ...
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News briefsEarth Shoes appoints Jocelyn Thornton VP of product and merchandising
Earth Shoes has appointed Jocelyn Thornton to the new post of executive vice president of product and merchandising and Fred Allard as creative director of product. Before joining Earth Jones, Thornton was senior vice president of creative and merchandising strategy at the fashion and retail consultancy Doneger Group for over ...
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News briefs
La Halle will know its buyer(s) on July 8
La Halle, currently in receivership, will know who are its buyer or buyers on July 8, according to its current owner Vivarte. La Halle received 25 bids for its assets, which represent a significant part of its activity. A Paris-based commercial tribunal will decide to whom the assets will be ...
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ArticleMicam launches an all-year round “augmented” digital fair
Micam has joined forces with the Los Angeles-based wholesale e-commerce platform NuOrder to launch Micam Milano Digital Show, which it describes as an “augmented trade fair” to be held all-year round. In May, Micam had announced that it was negotiating a commercial agreement with a leading player in digital services ...
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Article
FFANY to move under FDRA umbrella
The Fashion Footwear Association of New York (FFANY) is set to come under the umbrella of the Footwear Distributors and Retailers of America (FDRA) effective Oct. 1 after the end of FFANY’s current fiscal year. John Heron, the executive director of FFANY, says the long-discussed merger was given a push ...
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News briefs
Marypaz to lay off staff, close stores in Spain
Marypaz, the Spanish maker and retailer of women’s shoes and accessories, is planning to lay off 170 employees, out of a total workforce of 600 as of Dec. 31, 2019, in an effort to limit the damages of the coronavirus crisis. According to reports in modaes.es, the company is also ...
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News briefs
Deckers appoints Victor Luis to its board
Deckers Brands has appointed Victor Luis to its board of directors to replace James Quinn, who has yielded the seat he gained in 2011. Luis was chief executive and a board member of the former Coach from 2014 to 2019, during its transition to a new name: Tapestry. The company ...
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News briefs
LVMH saw ‘rather vigorous’ signs of recovery in June
The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns that second-quarter results ...
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News briefs
Kering to create testing laboratory in Tuscany
The French fashion group Kering is setting up a Test & Innovation Laboratory (TIL) in Prato, Tuscany. It will provide chemical and other tests on products and raw materials for apparel, leathergoods, footwear, eyewear, watches and jewelry. It is scheduled to start operating in the first half of 2021. TIL ...
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Article
Belarus footwear market heavily hit by coronavirus
Footwear companies in Belarus are experiencing a decline in domestic and foreign sales due to the Covid-19 pandemic, said Belarus’s deputy prime minister, Yuri Nazarov, during a press conference on June 23. Even market leaders such as Belwest and Marko, which have their own production facilities, are suffering, because the ...
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Article
André’s former head makes partial takeover offer
A Grenoble-based commercial court is expected to decide on July 24 on the future of the footwear chain André, which is currently in receivership. It filed for bankruptcy on March 23 after its owner Spartoo was unable to obtain sufficient financing to continue the business. André was losing money even ...
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News briefs
Farfetch sees Q2 GMW up 25-30% to $605-630 million
The British fashion e-tailer Farfetch expects gross merchandise value (GMV) on its digital platform to increase by 25-30 percent year-over-year in the second quarter and reach $605 million to $630 million. It noted that the acceleration in growth highlights the increase in adoption of “online luxury” by consumers, brands and ...
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ArticleOne thing is growing faster than online fashion sales: digital CMR
The Covid-19 pandemic has truly changed the rules of the fashion retail game, accelerating some trends that were already developing and leading to completely new scenarios that are testing the strengths of even the strongest brands. Digitilization is a major force in this scenario, but it is not growing fastest ...
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Article
Italian components group Margot looks to grow
Margot, an Italian group that makes metallic components for luxury leather goods, shoes and eyewear that is controlled by the private equity Mandarin Capital Partners, is looking to expand with an acquisition in the third or fourth quarter of this year, says Andrea Tuccio, a partner with Mandarin. The aim ...
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ArticleJB Martin closes its doors
JB Martin, a well-known French shoe company, has ceased all activities. The shoe brand was liquidated by the Paris Commercial Court on June 2. After several years of difficulties, Covid-19 was the last straw. Two weeks after the announcement of the receivership, the 125 employees of JB Martin received their ...
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