All Shoe Intelligence articles in Volume 23, Issue 40+41 – Page 2
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ArticleRizzo obtains an expensive SEK 30m loan
Rizzo Group, the troubled Swedish retailer of bags, footwear and accessories, reached an agreement to obtain a SEK 30 million (€3.0m-$3.4m) loan from Zenith Management AB. Rizzo has the right to repay of the loan in shares. The loan bears an annual interest rate of 15 percent and has to ...
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ArticleItalian footwear industry faces 2 years of M&A activity
The Italian footwear industry could undergo a couple of years of “significant” merger and acquisition activity as foreign investors, especially French and Chinese firms, large Italian groups and investment funds seek specialized manufacturers, according to Tommaso Cancellara, general manager of the Italian footwear association Assocalzaturifici. “Foreign investors are welcome because ...
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News briefs
Vibram’s “Repair if you care” campaign continues
Vibram’s “Repair if you care” campaign, which focuses on the concept of reuse and repair as a sustainable approach, is entering a second round. The company, for which repair has played a central role for the past 80 years, underlines in it once again the importance of reprocessing shoes and ...
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News briefs
Keen launches sneakers made from agricultural waste
Keen Footwear has unveiled a proprietary manufacturing process that uses agricultural waste to create what it claims to be the industry’s first sneakers with plant-based soles made without chemical solvents. The “Field to Foot” (F2F) sneakers are part of the Detox The Planet initiative and were developed by the Keen ...
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ArticleSkechers adjusts prices to offset higher input costs
Skechers started making price adjustments at the start of this year to counter foreign exchange headwinds and other input cost pressures. It is looking at some other offsets for the recent increases in raw material, transportation and logistics costs, without affecting its “reasonable price” marketing appeal. The company told investors ...
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News briefs
Faguo opens ‘eco-conscious’ store in Paris
Faguo’s new store at the Montparnasse train station in Paris purports to manifest “the most eco-conscious retail concept in France.” It follows similar stores in Amiens, Toulouse and elsewhere in Paris. Yet another such store is slated to open next month in Dijon. The French design firm behind the development, ...
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ArticleVivarte sells Minelli to the owners of San Marina
The ailing French retailer Vivarte has sold its footwear and accessories brand Minelli to the businessmen Stéphane Collaert and Laurent Portella, who run the footwear brand San Marina. Collaert was involved in the purchase of San Marina, in February 2020, from Vivarte. Created in 1973, Minelli had been part of ...
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ArticleFootwear Unlimited obtains Frye footwear license from ABG
Footwear Unlimited, a U.S. full-service company that designs, manufactures and distributes footwear, has obtained the footwear license for the Frye brand from Authentic Brands Group (ABG). Under the long-term partnership, Footwear Unlimited will be Frye’s partner in the U.S. The agreement covers the brand’s casual and dress boots and shoes, ...
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ArticleC-Suite interview: Rohde launches its B2C business in Germany
On Sept. 17, Rohde launched its business-to-consumer (B2C) online platform for the German market. In November 2020, the German footwear company’s business-to-business (B2B) e-commerce service had already come on stream and it currently manages 30 percent of re-orders, or about 8 percent of overall sales. Rohde sees the B2C service ...
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News briefs
Transport industry calls on governments to ease Covid-19 restrictions
The representatives of the global transport industry called on governments to act rapidly to avoid further disruption to the global supply chain caused by Covid-19 related restrictions. ”The impact of nearly two years’ worth of strain, placed particularly upon maritime and road transport workers, but also impacting air crews, is ...
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News briefs
Everlane hires head of Ugg
The American apparel and footwear company Everlane has appointed Andrea O’Donnell, president of Deckers Brands in charge of the footwear brand Ugg, as its chief executive, replacing the founder Michael Preysman, who will become executive chairman. Both appointments are effective on Jan. 1, 2022, but O’Donnell will join the company ...
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News briefs
Caleres hires a general manager for Allen Edmonds
The U.S. footwear company Caleres has appointed David Law as senior vice president and general manager of Allen Edmonds. He was previously in charge of men’s footwear at Vida Shoes International. “David is an accomplished omnichannel retail executive with over 15 years of extensive experience in various buying, planning and ...
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ArticlePittards returns to profits as sales recovery gathers momentum
Pittards, the British leather and leathergoods manufacturer, which owns the brand Daines & Hathaway, returned to profit in the first half and said there are “clear signs” a recovery from the Covid-19 pandemic was gathering momentum with orders at their highest level for two years. Pre-tax profit for the six ...
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News briefs
Hotter uses BASF’s Infinergy in comfort shoe range
The British footwear retailer Hotter Shoes has struck a deal to use BASF’s Infinergy material in its range of comfort shoes. Hotter has included the material in more than 41 styles to complement the brand’s own Cushion+ technology and is aiming the collection at its core audience of over 55s, ...
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ArticleBoohoo lowers sales guidance as higher costs squeeze H1 profits, margins
The British fast-fashion retailer Boohoo has warned of slowing sales growth and a squeeze on profit margins from higher costs as interim profits fell by a fifth. Adjusted pre-tax profit for the six months to Aug. 31 fell to £63.8 million (€74.3m-$86m) from £79.4 million a year earlier as revenues ...
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News briefs
Pakerson sees 2021 sales up 25%
Pakerson, the Italian manufacturer of high-end men’s shoes, expects 2021 sales to rise by 25 percent after falling about 30 percent last year because of the impact of the outbreak of the Covid-19 pandemic. At the end of August, sales were up by 19 percent. The company generates 90 percent ...
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ArticleBritish luxury brands face duty-free hit
The U.K.’s luxury goods sector is set to feel the full impact of the government decision to axe tax-free shopping as Covid-19 travel restrictions come to an end and a key Chinese week-long public holiday looms, a survey showed. Latest data from the e-commerce specialist ESW revealed that 46 percent ...
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ArticleANWR Group 2020 revenues stable
ANWR Group weathered out the Covid-19 pandemic to end 2020 with a 0.2 percent increase in revenues to €17.8 billion. Last year posed a tough challenge to ANWR, but the group was able to withstand the crisis thanks to its financial services and the sports business, as well as the ...
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