All Shoe Intelligence articles in Volume 23, Issue 38+39 – Page 2
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News briefs
Euro Shoes launches B2B site
The Russian company Euro Shoes, an organizer of Euro Shoes footwear exhibition in Moscow, has launched the B2B marketplace Euroshoes.market. “The marketplace provides an opportunity [for producers] to demonstrate brand products and for buyers and retailers to place orders online,” Euroshoes.market said in a statement, adding that at the start ...
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ArticleEmerging designer: Jerelyn Creado receives first order from Italian boutique
Exhibiting as part of the Emerging Designers event at Micam, held at the Milan Fairgrounds from Sept. 19 to 21, 2021, Jerelyn Creado’s eponymous brand scored its first-ever order from an Italian retail store – by the middle of the second day. From December, the designer’s colourful hand-made women’s shoes, ...
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ArticleHotter Shoes in online partnership with John Lewis
From October, Hotter Shoes, a British brand of comfort footwear, will start selling its products via the online platform of the British department store group John Lewis. The move is part of Hotter’s strategy to reach more consumers within its core demographic of over 55 years old and it will ...
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News briefs
FLO takes over distribution in Russia
The Turkish shoe company FLO is opening an office in Russia in order to directly sell five brands in the country, said Alexey Davydov, the sales manager in Russia. So far, FLO has been present in Russia through a partner. The company will take over the distribution of U.S. Polo ...
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ArticleRizzo applies for extension of restructuring period
Rizzo Group has applied for a three-month extension to its corporate reorganization. The restructuring began on March 23 following a ruling by a Stockholm-based court and had already been extended to Sept. 23. The company has started to work on a composition with creditors. The valuation of inventories and intra-group ...
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ArticleC-Suite interview: ACBC targets stellar growth in 2021 and 2022
After posting flattish growth following the outbreak of the Covid-19 pandemic, the Italian start-up ACBC expects to double revenues this year and enjoy a triple-digit growth rate in 2023. The company’s story starts in 2017 when Giò Giacobbe and Edoardo Iannuzzi decide to create a business producing environmentally-friendly footwear. At ...
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Article
Marche region to receive €1.1bn in aid
The Chamber of Commerce of the Marche region organized a conference at the Micam trade show where it revealed that the regional and Italian government have allocated an aid package of around €1.1 billion to support the footwear sector and other industries in the region over the next seven years. ...
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News briefs
Keen launches loyalty program focused on civic engagement
The Portland-based footwear company Keen launched Keens Corps, a loyalty rewards program providing points for volunteering, donating to grass roots organizations and shopping. The program rewards its members efforts through exclusive branded products, unique events and special shopping access. Individual and collective dashboards allow members to track their efforts. The ...
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News briefs
Lenzing to use carbon-zero Tencel fibers for Refibra
Celebrating the first anniversary of the launch of carbon-zero Tencel branded fibers, the Austrian Lenzing Group announced the expansion of carbon-zero Tencel branded fibers to Refibra technology to address growing industry demand to achieve circular fashion and carbon neutrality. The first carbon-zero Tencel branded Lyocell and Modal fibers have continued ...
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News briefs
Percassi opens another Nike store in Barcelona
Last year Nike made Italy’s Percassi Group its preferred partner in southern Europe, opening six stores with the Italian firm in Greece, Italy and Portugal as well as a flagship on a major thoroughfare in Barcelona, Paseo de Gracia. According to Palco23, a Spanish news service covering the sports business, ...
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News briefs
Sugi is licensing Sergio Tacchini footwear for Europe
Sergio Tacchini Europe has signed a long-term licensing deal with Sugi International for the development, production and distribution of a new line of Sergio Tacchini footwear that will “significantly upgrade the quality and breadth” of the line, while expanding its distribution. The deal covers many countries in Europe, including Russia, ...
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News briefs
New Balance faces new complaint over its made in USA label
A consumer advocacy organization, truthinadvertising.org, has filed a complaint with the U.S. Federal Trade Commission (FTC), asking it to investigate the validity of New Balance’s “made in USA” label, which it uses in at least a dozen models of footwear. According to the complaint, NB claims “a domestic value of ...
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News briefs
Martinsen family hikes stake in Arkk Copenhagen
The Martinsen family, one of Denmark’s richest business dynasties, has doubled its stake in the local sneaker company Arkk Copenhagen by buying out Winnie Liljeborg and Per Enevoldsen, founders of the Danish jewelry firm Pandora, according to the financial website Finans. The acquisition was carried out by Friheden Invest, an ...
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News briefs
Genesco obtains North American license for Starter
Genesco signed a three-year licensing agreement for the athletic brand Starter with Iconix Brand Group. With the agreement, Genesco becomes the exclusive footwear licensee in the U.S. and Canada. The deal includes a three-year renewal option, which would extend the partnership through Dec. 31, 2027. “Starter has been part of ...
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ArticleMicam attracts over 22,000 visitors
Micam, the footwear trade show which was held from Sept. 19 to 21 at the Fieramilano Rho exhibition center at the outskirts of Milan, attracted 22,274 visitors. The event was shortened to three days from four days traditionally. The show was jointly held with Mipel, a trade show dedicated to ...
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News briefs
Vestiaire Collective raises €178m
The French online reseller of second-hand luxury goods Vestiaire Collective has raised €178 million in a new funding round valuing it €1.45 billion. The funding round was led by SoftBank Vision Fund. Other investors include Generation Investment Management, co-founded and chaired by former U.S. vice president Al Gore, and Vestiaire ...
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News briefs
Spanish minimum wage to be above 60% average in 8 regions
Spain’s minimum wage, referred to as salario mínimo interprofesional (SMI), will already exceed 60 percent of the average regional wage in eight regions, including Valencia, where the footwear cluster of Elche is located, according to the daily Cinco Dias. The government is expected to approve in the coming days an ...
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News briefs
Crocs is changing the material contents of its Classic Clog
In a quest to halve its carbon footprint and achieve net zero emissions by 2030, Crocs has begun using a bio-based material that it has trademarked under the name Croslite. The brand’s idea is to change not the design but the composition of its signature product, the Classic Clog. This ...
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News briefs
New investor for FootBalance
FootBalance, a Finnish manufacturer of custom insoles, has entered into a partnership with a new investor, London-based IPGL Limited. IPGL has acquired Scope Growth II L.P.’s shares in the company. “FootBalance has during our ownership evolved from a local provider of insoles to become a global category leader in foot ...
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News briefs
Shoe Carnival appoints a new board director
Shoe Carnival has appointed Diane Randolph to its board of directors. With her appointment, the board of the U.S. footwear retailer is composed of seven directors, of which five are independent. From 2014 to 2020, Randolph held the position of chief information officer of U.S. beauty retailer, Ulta Beauty. Prior ...
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