All Shoe Intelligence articles in Volume 23, Issue 40+41
View all stories from this issue.
-
PDF NewsletterShoe Intelligence Newsletter: Vol 23 - 40+41
Footwear stocks weaker in Q3 | Italian footwear faces 2 years of M&A | Rohde launches B2C in Germany | ANWR Group 2020 revenues stable | LionRock pays £1 for Clarks | Vivarte sells Minelli | Skechers adjusts prices | Footwear Unlimited gets Frye license | Spartoo H1 sales up by 19% | Asos CEO quits
-
ArticleFerragamo hires 2 new managers
The Italian fashion company Salvatore Ferragamo has bolstered its management structure for North America and the EMEA region, with the nomination of two new managers. Daniella Vitale will join Ferragamo on Oct. 18 in the role of CEO for North America while Vincenzo Equestre has already covered the position of ...
-
ArticleLionRock bought 51% of Clarks for £1
The Hong Kong-based private equity firm LionRock Capital paid £1 (€1.2-$1.4) for a 51 percent stake in Clarks, when it took over the British footwear company earlier this year, according to documents filed with the British registrar of companies, Companies House. The group’s annual report showed that C&J Clark Limited ...
-
News briefs
Allbirds revises IPO terms
Allbirds has revised its proposals for an initial public offering (IPO). When the California-based B Corp producer of sustainable sneakers, filed its IPO application with the U.S. Securities and Exchange Commission it announced that it was planning to go for the first “Sustainable Public Offering,” or SPO, pledging to ...
-
ArticleAsos CEO quits as rising costs lead to profits warning
The chief executive of Asos, Nick Beighton, is departing the British online fashion retailer in a shock move as the company issued a profits warning, citing supply chain issues and rising costs. Asos is facing “notable cost headwinds” including inbound freight fees, wage inflation, outbound delivery costs and Brexit duty. ...
-
News briefs
Eco shoes label Inuikii launches at Selfridges
This fall, London’s high-end department store Selfridges is set to join a number of other top-name outlets throughout Europe, including Galeries Lafayette in Paris, in carrying Swiss sustainable luxury footwear brand Inuikii. Available also online, via the Zurich-based company’s website, and others, including Nordstrom’s in the U.S., Inuikii specialises ...
-
News briefs
Aquafil buys a Norwegian firm collecting discarded fishing nets
The Italian yarn producer Aquafil has acquired a 32 percent stake in the Norwegian company Nofir, which collects and recycles discarded equipment from fishing and fish farming. Since 2011, Nofir has collected over 48,000 tonnes in fishing networks from 20 countries. In 2011, Aquafil created the Econyl Regeneration System that ...
-
News briefs
Tod’s’ CEO leaves
The Italian footwear company Tod’s cuts the number of co-CEOs from three to two, resulting in the departure of Umberto Macchi di Cellere after four years in the job. The company’s board approved to maintain the position of CEO solely for the chairman, Diego Della Valle, and the vice-chairman, Andrea ...
-
News briefs
Tamaris and Jana Shoes to collaborate on new collection
From the autumn/winter 2022/23 season, Tamaris, the main brand of the German footwear company Wortmann Group, will collaborate with its sister company Jana Shoes, which specializes in comfort shoes, to develop Tamaris’ new comfort collection. Jens Beining, CEO of the Wortmann Group, explained “we want to occupy this growing market ...
-
News briefs
Vögele Shoes hires a purchasing, marketing head
The Swiss footwear retailer Karl Vögele AG (KVAG), which operates the banners Vögele Shoes, Bingo and Max Shoes, has hired Timm Jacob as head of purchasing and marketing and joins the senior management team along with the chairman Christan Müller and the CEO and chief financial officer Max Bertschinger. Jacob ...
-
News briefs
Tamaris tops sustainability ranking
Tamaris, the leading brand of the German footwear company Wortmann Group, topped the ranking as the most sustainable footwear brand carried out by the German magazine Focus Money. In the magazine’s ”Deutschlands Beste – Nachhaltigkeit“ (Germany’s Best - Sustainability), Sioux finished second in the footwear category, followed by Ecco and ...
-
News briefs
Havaianas launches a sneaker line
Havaianas, the flip-flop brand owned by the Brazilian footwear company Alpargatas, launched the sneaker collection Havaianas TNS. The new line can be viewed in a 36-minute show broadcast on YouTube. The sneakers will be gradually rolled out worldwide and are scheduled to reach Europe in the spring of 2022. ...
-
News briefs
Adidas Y3 launches Terrex footwear and jackets
For this fall’s urban sportswear line Y3, Adidas is launching a new Terrex Swift R3 GTX sneaker in two colorways as well as two Gore-Tex shell jackets (one hard shell and one down insulated parka). The Y3 Terrex footwear capsule collection is launched on Oct. 14, while the apparel drop ...
-
News briefs
The rugged outdoor footwear market fell by 5.6% in 2020
After rising by 7.0 percent in 2019, the global market for branded outdoor shoes went down by 4.9 percent to $5,237 million in 2020, based on an annual study of some key vendors’ revenues for this kind of product conducted by the Outdoor Industry Compass in partnership with Sporting Goods ...
-
News briefs
Adidas inaugurates a circular-fashion program with ThredUp
Adidas has inaugurated a circular-fashion program, called “Choose to Give Back.” The German brand is inviting customers to earn rewards from its Creator’s Club by returning used apparel and accessories from any brand for resale or re-use. It works through a combination of Adidas’ Creator’s Club app and ThredUp’s Reseale-as-a-Service ...
-
News briefs
Zellerfeld and Heron Preston 3D-print a fully circular sneaker
The 3D-printing company Zellerfeld and the eponymous streetwear brand Heron Preston have introduced what they call the first fully 3D-printed shoe on the retail market. The Heron01 is available on StockX in three colorways. Made of a single material, the sneaker dispenses with seams, stitching, glues and traditional factories. It ...
-
News briefs
Kingmaker prepares to reopen a Vietnam factory
After nearly three months of halted production, Kingmaker’s footwear factory in the Binh Duong Province in southern Vietnam is now ready to restart operations in several phases. The region in which the plant is located has obtained “green zone” status, and over 70 percent of the factory’s employees have received ...
-
ArticleSpartoo H1 sales up by 19%
The French footwear and fashion e-retailer Spartoo posted a 19 percent year-on-year increase in gross merchandise value (GMV) to €106.0 million during the first half of 2021 driven by the expansion of its fashion item offering and a 46 percent rise in its third-party services offering. Boris Saragaglia, the company’s ...
-
News briefs
Ferragamo appoints 2 new board members
Salvatore Ferragamo’s board has appointed Frédéric Biousse and Annalisa Loustau Elia as independent directors. They replace Marinella Soldi and Micaela le Divelec Lemmi, who resigned on July 27 and Sept. 7, respectively. Biousse and Loustau Elia will remain in office until the company’s next shareholder meeting. Biousse is the co-founder ...
-
ArticleFootwear stocks weaker in Q3 on profit-taking
Overall, the price of footwear stocks dropped in the third quarter of 2021 compared with the previous three months on profit-taking after the sector had enjoyed a strong rebound in the first half of the year with the re-opening of the economy, following the easing of Covid-19-related restrictions and the ...
