All Shoe Intelligence articles in Volume 24, Issue 7+8 – Page 2
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ArticleDiabetic footwear market to grow 7.9% a year by 2031
The global diabetic footwear market is expected to grow by a compound annual growth rate (CAGR) of 7.9 percent from $5.80 billion in 2022 to $14.18 billion by 2031, according to Allied Market Research. The market research firm explained that diabetic footwear is “designed to prevent foot injuries from frequent ...
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News briefsEcovative partners with Vivobarefoot and Pangaia in research project for mycelium hide
New York-based mycelium technology company Ecovative announced a joint research collaboration with the footwear brand Vivobarefoot and Pangaia, a materials science company. As part of the Fashion for Good initiative, the companies’ teams will work together to develop customized mycelial materials for use in their footwear and fashion products. ...
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News briefsResearch project for textile dyes from algae gets boost from collaboration
In a new research project, the workwear company Fristads, the startup Mounid and the knowledge center Wargön Innovation have come together to develop a more sustainable alternative to conventional textile dyes. The project is based on two Swedish innovations – Imogo Tech’s digital spray technology and Mounid’s algae ink, which ...
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News briefsMerrell appoints chief merchant officer
Source: Merrell Sumi Scott, Chief Merchant Officer Merrell Merrell has announced the appointment of industry veteran Sumi Scott as the brand’s chief merchant officer. With nearly 20 years of experience in product development and retail merchandising, Scott will drive the development of Merrell’s global growth strategies while ...
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News briefs
Hoka and Boston streetwear boutique unveil footwear capsule
Hoka, a division of Deckers Brands, has entered a collaboration with Boston-based streetwear boutique Bodega, resulting in a limited-edition line combining outdoor performance technology with urban-inspired streetwear design. The capsule includes two items: a special edition Kaha Low GTX trail hiker and the Ora Recovery Slide, available now exclusively at ...
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ArticleScarpe & Scarpe debt restructuring scheme approved by creditors
The large majority, 87 percent, of creditors of the Italian footwear retailer Scarpe & Scarpe have approved the company’s debt restructuring scheme. The plan was approved by all preferential, or Class-1, creditors such as the Italian tax authority, the customs office and social security, and by 83 percent of unsecured, ...
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ArticleAstorMueller expands in women’s footwear with Bagatt
AstorMueller Group, which is the exclusive worldwide license holder for Bugatti and Daniel Hechter shoes, is expanding its offer of women’s shoes with the acquistion of Bagatt, a brand that focuses on middle-market leather shoes. Established in northern Italy in the 1980s, Bagatt’s products are mainly marketed through brick-and-mortar stores, ...
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ArticleBrazilian exports at their highest since 2011
In February 2022, Brazilian footwear exports rose by 36.2 percent in volume to 13.58 million pairs and by 75.5 percent in value to $108 million, according to data released by the Brazilian footwear association, Abicalçados. In the first two months of 2022, exports rose by 40 percent in volume to ...
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ArticleNext sees £85m sales hit from Ukraine war, lowers profit guidance
The British fashion retailer Next cut its profit guidance as the closure of websites in both Russia and Ukraine will knock a predicted £85 million (€102m) off its sales forecasts for the current financial year. The company also expects an 8 percent rise in selling prices in the second half, ...
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ArticleLanvin Group to be listed in New York by merging with a SPAC
Lanvin Group, the Chinse luxury goods group formerly known as Fosun Fashion Group, has entered into a merger agreement with Primavera Capital Acquisition Corporation (PCAC), a special purpose acquisition company (SPAC) listed on the New York Stock Exchange. The transaction values Lanvin Group at a pro forma enterprise value of ...
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News briefs
Prada names a new CFO
Prada has appointed Andrea Bonini as chief financial officer replacing Alessandra Cozzani from May 2. Bonini will report to the chief executive officers Miuccia Prada and Patrizio Bertelli, and will be responsible of the group’s administration, finance, control, tax and investor relations departments. Cozzani held the job since 2016. She ...
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ArticlePittards enjoys a strong start to the year, expands business with Vivobarefoot
The British leather and leather goods company Pittards has started 2022 with the highest level of orders in three years and it expects shoe production in its factories in Addis Ababa, Ethiopia, to grow faster than in 2021. “We have started the current year with a better order book than ...
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ArticleGörtz expands e-commerce offering with men’s and women’s clothing
The German footwear chain Görtz is expanding its e-commerce offering by adding men’s and women’s apparel to its Goertz.de marketplace. In addition to shoes and accessories, more than 5,000 clothing items from 60 brands are now offered on the website. The range of products includes streetwear and fashion brands, ...
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News briefs
Tempe sales up by 30% in 2021
In 2021, Tempe increased its revenues by 30 percent to €1,305 million. The top line however remains below the €1,399 million posted in 2019, the last year before the onset of the Covid-19 pandemic in Spain. Nevertheless, the company posted a record net profit of €119 million as revenue, ...
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ArticleWortmann suspends sales to Russia
Russia is the most important export market for the Wortmann Group through its Tamaris and Caprice brands. But following the Russian invasion of Ukraine, the women’s shoe specialist has decided to stop servicing the market. The company based in Detmold, has also offered its employees in Ukraine the opportunity to ...
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News briefs
Gabor’s production director steps down
Michael Tackenberg, the production and technology director of the German shoe manufacturer Gabor, has stepped down. The manager and the Rosenheim-based company agreed to “end the cooperation with immediate effect”, after Gabor’s supervisory board decided not to extend Tackenberg’s contract, which was due to expire on Dec. 31, 2022. ...
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News briefs
VF veteran Kevin Bailey back at Vans as global brand president
VF Corp. has appointed Kevin Bailey to the position of global brand president of Vans. Bailey will continue to report to VF chairman, president and CEO Steve Rendle and will serve on the company’s executive leadership team. With this appointment, Bailey returns within the group to the Vans brand after ...
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ArticleGerman shoemakers write off the Russian market
The Russian invasion of Ukraine has affected the businesses of many German shoe and leather goods manufacturers, which had been built up over the past few years. “The consequences of this massive unrest are not foreseeable at this point in time,” said Manfred Junkert, general manager of HDS/L, the federal ...
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ArticleBrazil renews footwear export program for 2 years
Abicalçados, the Brazilian footwear association, and ApexBrasil, the Brazilian agency for the promotion of exports and investments, signed the renewal of a two-year agreement to promote Brazilian footwear. The program simply called Brazilian Footwear was launched more than two decades ago. Under the agreement, the parties will invest 35.45 ...
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ArticleC-Suite interview: Pittards ‘open for business’ with turnkey footwear manufacturing solution
A leather maker approaching its 200-year milestone, Pittards is now looking to the next century with plans for an expanded role in the production of footwear and other finished projects. To that end, Pittards recently launched a vertically integrated-solution for footwear, offering services starting with the sourcing of leather up ...
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