All Shoe Intelligence articles in Volume 24, Issue 3+4 – Page 4
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News briefs
Metro Brands Q3 sales up by 59%
In the third quarter ended on Dec. 31, the Indian footwear retailer Metro Brands posted a 59.0 percent surge in consolidated sales to 4,840 million rupees (€57.3m-$65.0m) lifted by an expansion of the store network and the lifting of anti Covid-19 measures. The quarter was the first since March 2020 ...
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News briefsEastman to invest $1bn in a plastic recycling facility in France
French President Emmanuel Macron and Mark Costa, Eastman Chemical Company’s board chairman and CEO, jointly announced on Jan. 17 that the U.S.-based specialty materials company plans to invest up to $1 billion in a material-to-material molecular recycling facility in France. The facility would use Eastman’s polyester renewal technology to recycle ...
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News briefs
Stella's full-year sales rise to $1.5 bn
A sales increase in consolidated revenues of 44.9 percent to $405.8 million in the fourth quarter of 2021 is expected to lead to an increase of 35.6 percent to around $1.5 billion for the full financial year, said Stella International, thanks to a continued recovery in orders for its shoe ...
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News briefs
Dozens of shoe stores damaged in Kazakh unrest
Several dozens of shoe stores were damaged by the unrest in Kazakhstan during the first week of January, according to local reports. The National Chamber of Entrepreneurs of Kazakhstan calculated at 88.1 billion tenges (€178m- $200m) the damage caused to businesses by the rioters. More than 90 percent of the ...
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ArticleFootwear loses importance in OR Group’s online sales
Between Jan. 1 and Jan. 10, which corresponds to the Orthodox Christmas holidays, OR Group’s online sales grew by more than 30 percent compared to the same period in 2021. Household goods were the fastest-growing segment, with their share reaching 32 percent of total online sales. The company reported that ...
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News briefs
Sada Dostluk makes a debut on the Russian market
The Turkmenistan footwear company Sada Dostluk has reached an agreement to export shoes under the Sada brand to Russia, with deliveries slated to begin this year. Founded in 2018, Sada Dostluk is one of the largest shoe companies in Central Asia, manufacturing 140,000 pairs of shoes a month. The company ...
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News briefs
Jupiter halves stake in Boohoo after profit-warning
Jupiter Fund Management has slashed its holding in Boohoo to 4.7 percent from 9.99 percent, according to a stock market filing. The investment firm was Boohoo’s second largest institutional shareholder after T Rowe Price International. No reasons were given for the disposal, but the move comes less than a month ...
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News briefs
Online and wholesale revenues up at Oliver Sweeney
According to Draper’s, Oliver Sweeney enjoyed a 31 percent year-on-year increase in online sales for the eight weeks ended on Dec. 26. Wholesale revenues were up “significantly” year-on-year as well. The U.K. footwear retailer reportedly accomplished this with less promotion than usual. Drapers reported in 2020 that Oliver Sweeney had ...
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ArticleNice Footwear buys the handbag producer Emmegi
Nice Footwear has bought an 80 percent stake in Emmegi, a producer of premium handbag located near Padua, from Gianni Mortandello and Antonella Venturini for €480,000. The purchase price is based on an enterprise value of €600,000 for the whole of Emmegi. Nice Footwear has an option to buy the ...
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ArticleExpo Riva Schuh attracts 3,500 visitors
Expo Riva Schuh & Gardabags, the Italian footwear and accessories exhibition held in Riva del Garda from Jan. 15 to 18, attracted 3,500 visitors from 86 countries. More than 70 percent of the visitors came from abroad. It added that 430 exhibitors, from over 30 countries, were present at the ...
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News briefsEcco USA with new CEO
Source: Ecco USA Tom Berry Danish footwear brand Ecco has appointed Tom Berry as president and CEO of Ecco USA, based in Londonderry, New Hampshire, effective immediately. After more than 20 years with the brand, former president Dave Quel had announced his retirement last summer, with CFO ...
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News briefs
France to invest €2.3bn in industrial startups
The French government presented a plan to invest €2.3 billion over five years to help the development of industrial startups as part of an effort to re-industrialize the country. The programme includes the creation of a new fund with an endowment of €1 billion to invest in the equity of ...
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ArticleMicam postponed to March 13-15
Micam, the footwear trade show which is held at the Fieramilano Rho exhibition center at the outskirts of Milan, has been postponed to March 13-15 from Feb. 20-22 due to the uncertainty and travel restrictions caused by a new surge in Covid-19 cases driven by the Omicron variant. Along with ...
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News briefs
Prada FY sales up 41%
In 2021, Prada posted sales of €3.364 billion, up by 41 percent from 2020 and by 8 percent from 2019 at constant currency rates driven by its retail business. In the second half of 2021, the Italian fashion house enjoyed a sharp improvement in sales, operating margins and cash generation. ...
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ArticleThe Aura blockchain launches a SaaS solution for luxury brands
On Jan. 13, the Aura Blockchain Consortium launched Aura SaaS, a cloud-based software-as-a-service (SaaS) solution for its global blockchain-based platform designed for luxury brands. The consortium is a non-profit association based in Switzerland promoting socially responsible, sustainable and customer-centric business practices throughout the lifecycle of luxury products by leveraging blockchain ...
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News briefs
Coats launches Lattice Lite Eco for footwear
Coats is launching Lattice Lite Eco, a fiber-laying technology using sustainable materials to create footwear composite materials. The British industrial thread manufacturer described the technology as “revolutionary” as it enables yarns to be precisely positioned in the required place and direction. ”This means the thickness, flexibility, torsion and rigidity of ...
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News briefs
Amazon reverses ban on U.K. Visa cards
Amazon has suspended a decision to ban the use of Visa credit cards in the U.K. The decision to ban the use of the cards from Jan. 19 was announced in November and was blamed on “high cost of payments”. The American online retailer said “we are working closely with ...
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ArticleC-Suite interview: Perlie targets millions in revenues in a couple of years
Sep Breukers, a lecturer at Maastricht University and a former tax lawyer, started Perlie just before the Covid-19 pandemic with a simple idea: produce men’s shoes with a classic design and sneaker comfort. Now the startup is hoping to generate millions in revenues in a couple of years. “When I ...
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ArticleHow Nice Footwear structured the takeover of Favaro
Following the initial public offering (IPO) of Nice Footwear, which completed on Nov. 18, 2021, we have carried out an in-depth study of the company’s strategy, focusing on its acquisition of Favaro Manifattura Calzaturiera in June last year and its plans to develop the Italian producer of high-end women’s shoes. ...
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News briefs
Schwan-Stabilo buys a stake in Doghammer
The German Schwan-Stabilo group has taken a minority stake in Doghammer, a young outdoor footwear brand. The agreement was signed shortly before the end of 2021. Further details of the transaction were not disclosed. Doghammer was established in 2015 by Matthias Drexlmaier and Maximilian Hundhammer in Rosenheim in Bavaria. Since ...
