All Shoe Intelligence articles in Volume 25, Issue 1+2 – Page 4
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News briefs
DX opens a warehouse in Plymouth
DX, a British provider of delivery solutions, including parcel freight and logistics services, announced the opening of a new depot in Plymouth, England, the fourth of eight depots currently expected to be opened by summer 2023. The new depot will be predominantly dedicated to the parcels activity, supporting growth of ...
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News briefs
Farfetch sees 2025 GMV at $10.5bn
Farfetch expects its gross merchandise value (GMV) to rise to $10.50 billion from an estimated $4.05 billion in 2022 and a forecast $4.90 billion in 2023. The U.K. based fashion online retailer anticipates adjusted Ebitda margin to rise to 10 percent in 2025 from a negative 3-5 percent this year ...
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News briefs
Rocky Brands names a new director, downsizes its board
Rocky Brands has appointed Dwight E. Smith as a Class I director of the company, effective as of Jan. 1, 2023. Smith has served as the president and CEO of Sophisticated Systems since July 1990. He has also served as a member of the board of The Federal Reserve Bank ...
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News briefs
Birkenstock opens fourth U.S. store
Birkenstock has opened its fourth company-owned store in the U.S. in the Marin Country Mart in Larkspur, California. The German brand’s other U.S. stores are in Brooklyn and SoHo in New York and Venice Beach, California.
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ArticleBalena launches fully biodegradable slides
Balena has launched fully-biodegradable slippers called BioCir Slides colored and scented using natural cinnamon. The Israeli material science company founded in 2020 with offices in Tel Aviv and Milan develops compostable and biodegradale thermoplastic materials. The shoes are designed and manufactured in Italy and made entirely of BioCir, a proprietary ...
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News briefs
Christian Dior names Antoine Arnault CEO
The French fashion house Christian Dior, a unit of the luxury goods conglomerate LVMH, has named Antoine Arnault as chief executive and vice chairman of the board, succeeding Sidney Toledano. The company said that the nomination was made in the context of the conversion on Dec. 6 of Financière Agache, ...
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News briefs
Primark on track to open 27 stores in its fiscal year
Associated British Foods, the conglomerate that owns Primark, said that so far in the fiscal year, which started on Sept. 18, 2022, the trading performance of the clothing retailer “has been encouraging.” Primark is on track to open 27 new stores in the fiscal year, ten of them opening in ...
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News briefs
The parcel delivery firm Maergo raises $20m in seed round
Maergo, a U.S. parcel delivery platform previously known as X Delivery, has closed a $20 million seed round. Lead investors included Deep Lake Capital, funds managed by investor and entrepreneur Neel Shah, and ACR Strategic Credi, with participation from RyderVentures, the venture capital arm of Ryder System. With the closing ...
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News briefs
Allbirds announces promotions within its executive leadership team
Allbirds has announced promotions within its executive leadership team. Kate Ridley, chief brand officer, has been promoted to chief brand and product officer. Benny Joseph, chief technology officer, has been promoted to chief technology and culture officer. Co-CEO Tim Brown will expand his focus to include leadership of Allbirds’s innovation ...
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Article
Wolverine Worldwide announces divestitures, staff cuts
Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...
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News briefs
Puma appoints a new chief product officer
Puma is appointing Maria Valdes as chief product officer and a member of the board of management effective January 1, 2023. In her new role, Valdes, who is currently the general manager of the German company’s largest business unit Sportstyle, will be responsible for the business units Sportstyle, Motorsport, Teamsport, ...
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News briefs
China eases Covid-19 restrictions
China announced a general relaxation of Covid-19 health rules, authorizing patients with mild symptoms and for asymptomatic cases to quarantine at home. Previously, such cases were sent to mass quarantine centers. The National Health Commission also indicated that negative PCR test results will no longer be needed for domestic travel ...
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ArticleRussia plans to resume footwear imports from North Korea
Russia is considering resuming the import of clothes and footwear from North Korea, suspended several decades ago, the Russian state news outlet Ria Novosti reported, citing the Russian embassy in Pyongyang. Russia is very interested in purchasing goods from North Korea, including garments and shoes, the embassy said, adding that ...
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ArticleC-Suite interview: Covid has highlighted the importance of trade fairs
The Covid-19 outbreak demonstrated that digital solutions “on their own” could not replace trade shows canceled due to the pandemic, noted Luca Palermo, the chief executive of Fiera Milano, which manages the Rho exhibition hall as well as exhibition pavilions in Milan and the Allianz MiCo convention center. The Italian ...
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ArticleEU institutions reach preliminary deal to combat deforestation
The European Parliament and the European Council have reached a provisional agreement to introduce regulation to establish deforestation-free supply chains in the European Union. The products affected by the proposed legislation include leather, timber and paper. “Once adopted and applied, the new law will ensure that a set of key ...
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ArticleCoats de-risks exposure to its pension scheme
Coats, the British producer of industrial threads and footwear components, has further de-risked its pension scheme. The move is expected to boost resources to finance growth or to remunerate shareholders. The company said that the trustee of its U.K. pension scheme has purchased an about £350 million (€408m) bulk annuity ...
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News briefs
Prada confirms Andrea Guerra’s appointment as CEO
Prada said that it will appoint Andrea Guerra as its next chief executive officer, replacing the current co-CEOs, the designer Miuccia Prada Bianchi and her husband Patrizio Bertelli, confirming reports in the Italian media. The board of the Italian fashion house scheduled on Jan. 26 will recommend Guerra for the ...
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