All Shoe Intelligence articles in Volume 24, Issue 1+2 – Page 2
-
News briefs
Aeffe’s managing director leaves
Marcello Tassinari, the managing director of Aeffe, the Italian fashion house that owns Pollini and other brands, reached an agreement for the ”consensual termination” of his employment with the company, with a termination date set on Dec. 31, 2021. Tassinari had been with the company for over 19 years, of ...
-
News briefs
Holding Industriale buys 50% of the Italian shoe maker Valmor
Holding Industriale, an Italian investment firm which focuses on small and medium-sized companies, has bought a 50 percent stake in the shoemaker Valmor through its unit Holding Moda. It is Holding Industriale’s first foray into the footwear business. Valmor’s headquarters are in Civitanova Marche, situated in the footwear cluster of ...
-
News briefs
JAC obtains Mcs license
The Italian company Just Another Copy (JAC) has obtained a license to produce and distribute men and women’s footwear under the Mcs brand from the next autumn-winter season. JAC was created in February 2021 by the businessman Cesare Pizzuti and the Torresi family, which owns the brand Galizio Torresi. The ...
-
News briefs
Baffin launches new Canadian made winter boots
The Canadian brand Baffin launched the Territories Collection, a line of winter boots manufactured in Stoney Creek, Ontario. The collection is initially available exclusively on the brand’s website and will be rolled out to wholesale clients in the autumn of 2022. Named after two of Canada’s Territories, the collection contains ...
-
News briefs
FitFlop uses Rakuten’s new personalized cash back offer
The brand of fashion comfort shoes, FitFlop, is one of the first companies to have used Rakuten’s new personalized cash back service “Personalized Rewards.” Rakuten Americas, the North American division of Rakuten, a Japanese provider of internet and e-commerce services, explained that the service enables brands to make personalized cash ...
-
News briefs
AlgiKnit opens innovation hub in North Carolina
The biomaterials firm AlgiKnit opened on Dec. 15 an innovation hub in Morrisville, located in The Research Triangle area of North Carolina. The company, which produces yarns derived mostly from the seaweed kelp, will begin pilot projects with global brands from the new space in early 2022. The new facility ...
-
News briefs
Data analyst Volumental raises $13m
Volumental, a Swedish firm that helps footwear brands and retailers leverage data to improve in-store and online shopping experiences, has raised $13 million, its largest financing round to date. The financing was led by CNI, a private equity firm based in Stockholm, and provided investors with a minority equity stake. ...
-
News briefs
Shoe Carnival clears new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million of its common stock, effective Jan. 1, 2022. It replaces an existing $50 million share repurchase program that was authorized on Dec. 15, 2020, and that expires on Dec. 31, 2021. Additional purchases may be made ...
-
News briefs
German, Indian fairs postponed due to Covid-19
The women’s and menswear trade shows Premium and Seek, and the textile trade show Neonyt, which were scheduled to run Jan. 18-20 during the Frankfurt Fashion Week have been postponed to July due to tighter Covid-19 restrictions in Germany. The events Val:ue and The Ground have also been postponed to ...
-
ArticleAlpargatas buys a 49.9% stake in Rothy’s for $475m
Alpargatas is investing $475 million to buy a minority stake in Rothy’s, a San Francisco-based sustainable lifestyle brand, with an option to take over the company. The Brazilian group, known for its Havaianas rubber sandals, said that Rothy’s aligns with its four strategic business pillars: global, digital, innovation and sustainability. ...
-
ArticleSkechers downsizes its board
Skechers has reduced the size of its board of directors to seven members, following the resignation of four current members and the addition of a new one, Zulema Garcia, who will serve on the company’s audit committee. Garcia spent 24 years at KPMG before joining Herbalife Nutrition as senior vice ...
-
News briefs
Skechers takes over its distribution in the Philippines
Skechers has taken charge of its distribution in the Philippines through a subsidiary, Skechers USA Philippines. The current distributor, Trendworks International, will continue to sell Skechers products until the end of this year. According to David Weinberg, chief operating officer of Skechers USA, a “dedicated team focused on growth and ...
-
ArticleLi & Fung teams up with Maersk
Li & Fung, the leading Hong Kong-based sourcing company, and Maersk, the world’s largest container shipping company, have agreed to form a strategic partnership to offer a more comprehensive range of end-to-end global supply chain services by utilizing their respective resources. As part of the deal, Li & Fung has ...
-
ArticleCrocs buys Heydude for $2.5bn
Crocs has entered into a definitive agreement to acquire Heydude, a privately-owned, high-growth casual footwear brand, for $2.5 billion. The U.S. footwear company, mostly known for its clogs, estimates that the acquisition will turn it into the second largest group of branded casual footwear, with forecast revenues approaching $4 billion ...
-
News briefs
Zegna starts trading on NYSE
On Dec. 20, Ermenegildo Zegna debuted on the New York Stock Exchange through a merger with Investindustrial Acquisition Corp (IIAC), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, which is part of the private equity Investindustrial founded by the Italian businessman Andrea Bonomi. Shares in Zegna ...
-
News briefs
LVMH launches €300m share buyback
LVMH has granted an irrevocable mandate to an investment services provider for the acquisition of a maximum of €300 million of its shares over a period starting on Dec. 21 and which could last until Feb. 15. The price of the shares bought under this mandate must not exceed €950 ...
-
News briefs
Camper sees FY sales up 22%
The Spanish footwear company Camper expects sales to rise by 22 percent this year to €146 million after falling by 28 percent to €128 million in 2020 due to the outbreak of the Covid-19 pandemic. The surge in sales was underpinned by e-commerce, with online sales representing half of this ...
-
ArticleTexon launches a more sustainable version of the Reform heel-counter
Texon has launched a new version of its Reform heel-counter which it claims contains up to 66 percent of sustainably sourced content while “offering the same physical traits as its predecessor.” The new Texon Reform 2.0 contains more recycled content from post-consumer waste, such as ocean-bound plastic bottles, according to ...
-
News briefs
Shoe Carnival launches same-day delivery with DoorDash
Shoe Carnival has launched a same-day delivery service in partnership with DoorDash. It is available to all continental U.S. customers who reside within 12 miles of a Shoe Carnival location through the footwear retailer’s website. The standard same-day delivery fee is $10, with a discounted rate of $5 for Shoe ...
-
News briefs
Metro Brands IPO 3.64 times subscribed
The initial public offering (IPO) of the Indian footwear retailer Metro Brands, which ran from Dec. 10 to 14, was subscribed 3.64 times. The portion reserved to qualified investors was subscribed 8.49 times and the remainder of the IPO 3.02 times.
- Previous Page
- Page1
- Page2
- Page3
- Next Page
