All Shoe Intelligence articles in Volume 25, Issue 15+16 – Page 4
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ArticleHotter Shoes’ parent considers bankruptcy as funding crisis deepens
Unbound Group, the owner of British footwear retailer Hotter Shoes, has admitted it is considering going into administration, the U.K.’s form of bankruptcy, unless it can resolve its funding crisis. The company was forced to issue a statement to the London Stock Exchange after media reports suggested it was scrambling ...
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News briefs
Tod’s’ creative director leaves
After four years in the job, Walter Chiapponi is stepping down as creative director of Tod’s. He will leave the Italian luxury shoemaker after the presentation of his latest collection at the Milan Fashion Week on Sept. 22. Tod’s said that the name of the new creative director will be ...
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ArticleThe outlook for global footwear consumption improves
The outlook for global footwear consumption has improved significantly, based on the findings of the latest survey of experts published in the current Business Conditions Survey of World Footwear. The members of the panel expect footwear prices to increase by an average of 7.3 percent worldwide and the quantity of ...
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News briefs
Salvatore Ferragamo CFO to leave in September
Salvatore Ferragamo’s chief financial officer Alessandro Corsi has resigned and will leave the Italian fashion house on Sept. 30 to ”take on a new professional challenge.” The company has yet to announce a replacement. Corsi has been with Ferragamo for 20 years, starting as head of business development and e-commerce. ...
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News briefs
Vince Camuto launches Fly365
Vince Camuto, a division of Camuto Group which is part of Designer Brands, launched the men’s franchise Fly365. The collection currently has two models, the sneakers Talmai and Tayden, but is expected to extend its offering in the autumn and next spring. The shoes retail at $169 a pair. Fly365 ...
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News briefs
Designer Brands names new head for DSW
Designer Brands has appointed Laura Denk as president of DSW Designer Shoe Warehouse and executive vice president of Designer Brands, effective as of July 24. Denk will be responsible for leading DSW’s nearly 500 U.S. store locations and e-commerce channel, DSW.com. She will report directly to Designer Brands’ chief executive ...
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News briefs
Crocs sues former employee over company secrets
Crocs has sued former executive Kellen McCarvel and his company Joybees in a Colorado district court. The company alleges McCarvel left Crocs with several thousand highly confidential trade secrets that he downloaded onto a personal thumb drive and then used to build a competing shoe company. Some of the documents ...
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ArticleHow Turkey is rebuilding Antakya’s shoe cluster after the earthquake
Where footwear factories once stood in Antakya, the city in southeastern Turkey devastated by an earthquake in February 2023, name tags and signboards are the only traces left in the flattened and desolate landscape. But 40 kilometers away, in a town called Reyhanlı, Turkish authorities have installed container shelters and ...
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News briefs
Clarks names Bob Neville as head for the U.K. and Ireland
Clarks appointed Bob Neville as its managing director for the U.K. and the Republic of Ireland, effective in August. He will report to Jon Ram, the CEO of the British brand. Neville returns to the U.K. from Hong Kong, where he spent 30 years working for Under Armour, New Balance ...
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News briefs
Birkenstock reportedly mulls an IPO
The U.S. private equity L Catterton is considering strategic options for Birkenstock including an initial public offering in the U.S. this year or in 2024, which could value the German sandal maker more than $6 billion, according to the news agency Bloomberg. The private equity’s advisers include Goldman Sachs and ...
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ArticleSafeSize beefs up its management team
SafeSize, a retail tech company providing shoe fitting solutions for physical and online stores, has appointed three senior members to its sales and operations team as part of its international push. Bote Galema joins as strategic account director for Northern Europe, Roel van der Wielen as strategic account director for ...
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ArticleHow Portugal is planning to spend €120m to boost its footwear industry
Portuguese footwear producers are working on two projects to modernize the country’s industry with critical financing provided by Portugal’s recovery plan. The Agile, Intelligent, Sustainable and Technological Factory (FAIST) and the BioShoes4All projects rely on funds from Portugal’s €16 billion Recovery and Resilience Plan (PRR), part of the European Union’s ...
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News briefs
Moncler releases 3D-printed trail running shoe
Moncler has partnered with 3D-printed shoe manufacturer Zellerfeld to release a 3D-printed trail running shoe. The single-construction mono-material shoe is made out of recyclable materials and is a new addition to Moncler’s Trailgrip line. The Moncler Trailgrip 3D is extremely limited and will only be available for members of ...
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News briefs
Wolverine eases its financial covenants
Wolverine World Wide eased its covenants by entering into a fourth amendment of its existing credit agreement set up on July 31, 2012. The amendment provides the U.S. company with near-term financial and operational flexibility by adjusting the maximum consolidated leverage ratio under the credit agreement from 4.5x EBITDA to ...
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News briefs
Jimmy Choo enters eyewear license with EssilorLuxottica
Jimmy Choo, the British shoe maker owned by the luxury goods group Capri Holdings, has signed with EssilorLuxottica an exclusive license agreement for the design, manufacture and worldwide distribution of Jimmy Choo Eyewear. The agreement will be effective from Jan. 1, 2024 until Dec. 31, 2028, with an automatic renewal ...
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ArticleThe family office MKCP takes over Bama
Bama, the German supplier of shoe care products and insoles that is part of the Serafin group, has found a new investor. MKCP, a Hamburg-based family office, has taken over the firm and its assets as part of an insolvency procedure, Bama announced. The company applied for self-administration ...
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News briefs
Hooijer reorganizes the sales team for Lazamani, Heydude and Scholl
The Dutch distribution and wholesale company Hooijer Footwear Group reorganized the sales team for its own brand Lazamani as well as for the Heydude and Scholl brands. Randolf Friedel, who has been head of sales since April, has entrusted Sascha Patchoull, Marcus Brunke, Torsten Pöhner, Gerd Neubauer and Hans-Jörg ...
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News briefs
Deerberg files for bankruptcy
The women’s fashion company Deerberg, which operates in Germany, Austria and Switzerland, has filed for bankruptcy. The clothing, footwear and textiles direct-to-consumer brand applied for the opening of insolvency proceedings at the district court of Uelzen, in the northeastern Lower Saxony region of Germany as soaring inflation and the ...
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News briefs
ANWR Group appoints new top managers
The German footwear buying group ANWR has reshuffled its board as some members go into retirement and new talents are promoted. The board member Fritz Terbuyken stepped down after 15 years and on June 19, 2023 was succeeded in the role by Tobias Eichmeier, the Mainhausen-based organization announced in a ...
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News briefs
Puma commits to bovine leather from verified deforestation-free supply chains
Puma has joined the Deforestation-Free Call to Action for Leather, launched by global non-profit organizations Textile Exchange and Leather Working Group (LWG), to create equitable, transparent and deforestation-free leather supply chains. The cross-industry initiative asks brands to commit to sourcing their bovine leather from deforestation/conversion-free supply chains by 2030 or ...
