All Shoe Intelligence articles in Volume 25, Issue 21+22 – Page 3
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News briefs
Hugo Boss issues maiden Schuldschein loan
Hugo Boss has issued its first Schuldschein loan, with a value of €175 million, to finance further investments as part of its ‘Claim 5’ growth strategy. The initial target volume from the Schuldschein – which is similar to a bond but doesn’t need to be registered on a stock exchange ...
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News briefs
Frasers continues to hike its stake in Boohoo
Frasers Group has increased its stake in the online fashion retailer Boohoo to 16.50 percent from 15.12 percent, according to a stock exchange filing. The British retailer has been gradually building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an ...
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News briefs
German consumer confidence worsens
In November, consumer confidence in Germany is expected to drop to -28.1 from a revised -26.7 in October with high food prices weakening households’ purchasing power and preventing consumption from supporting the economy, according to the latest survey published jointly by the market research firm GfK and the Nuremberg Institute ...
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News briefs
Piquadro H1 sales up by 7.1%
The Italian leather goods company Piquadro reported revenues in the first half ended Sept. 30 of €85.9 million, up by 7.1 percent compared to the year earlier. Revenues from the Piquadro brand jumped by 12.1 percent to €39.5 million, with 17.5 percent growth in the wholesale sales channel and an ...
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News briefs
Zegna to directly manage the South Korean market from Q1
The Italian fashion house Ermenegildo Zegna will buy the entity managing the Zegna brand in South Korea from its local franchise partner. With the transaction, Zegna will directly operate its South Korean business, which comprises 15 stores, from the first quarter of 2024. The brand has been present in South ...
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News briefs
EU takes steps to block products made by forced labor
The European Parliament is proposing a new legislation framework to investigate the use of forced labor in companies’ supply chains. If it is proven that a company has used forced labor, all import and export of the related goods would be halted at the European Union (EU)’s borders. Companies would ...
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News briefs
VF appoints former Nike president to board
Trevor Edwards has been appointed to the board of directors at VF Corp. Edwards, currently a strategic advisor to direct-to-consumer brand and investment firms, began his 25-year career at Colgate-Palmolive in 1986. He currently serves as a strategic advisor to direct-to-consumer brands and investment firms. From 2013 until 2018, he ...
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News briefs
Steve Madden buys Almost Famous to expand its apparel business
In a move to expand its apparel business, Steve Madden has bought Almost Famous, a designer and marketer of women’s apparel, for $52 million in cash, plus an earn-out provision based on future financial performance. Almost Famous markets products under its own brands, primarily Almost Famous, as well as private ...
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News briefs
33 Joints changes name to Chapters Brand Group
The British footwear distribution firm 33 Joints is changing name to Chapters Brand Group due to its integration with Blue Sole. “This transformation signifies an important milestone for the company and its directors, Antony Nathan and Graeme Nichol. As we set our sights on expanding into larger markets, we introduce ...
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ArticleStella benefits from demand for premium categories
Stella International Holdings, the Hong-Kong based footwear manufacturer and retailer, said that in the third quarter of 2023 it posted a decline in manufacturing revenues to $377.1 million from $453.6 million a year earlier as footwear shipment dropped to 12.2 million pairs from 15.0 million. Shipments were affected by a ...
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News briefs
EU clears Farfetch acquistion of YNAP stake from Richemont
The European Commission has unconditionally cleared the acquisition by the British online fashion retailer Farfetch of a 47.5 percent stake in Yoox Net-a-Porter (YNAP) from the Swiss luxury goods group Richemont in exchange of Farfetch shares. The commission was the last regulatory hurdle required to obtain clearance for the deal, ...
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News briefs
Zalando introduces ZEOS Fulfillment
Zalando is launching the ZEOS brand (short for Zalando E-commerce Operating System), which aims at enabling brands and retailers to manage their multi-channel business across Europe within one unified platform. In October 2022, Zalando piloted a multi-channel fulfillment solution with selected partners, which is now moving under a new dedicated ...
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News briefs
PVH’s head of sales footwear for Germany leaves company
PVH’s director of sales for footwear in Germany, Carsten Richter, has left the company after 15 years. Richter announced his departure in a post on the social network LinkedIn. “The time has come to say “farewell“ after an incredible 15 years at PVH. Now, I’m excited to announce a ...
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News briefs
Cinven may put Kurt Geiger up for sale
The private equity Cinven is working with its adviser Bank of America on a potential auction for Kurt Geiger, according to Sky News, adding that the sale process could start in the coming months. Cinven could be seeking to raise £400 million (€460m) in the sale. Cinven bought the British ...
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News briefs
Jimmy Choo creates a capsule collection with Jean Paul Gaultier
Jimmy Choo, the luxury shoe maker owned by Capri Holdings, has collaborated with the French fashion house Jean Paul Gaultier on an exclusive capsule footwear collection. The collaboration fuses two creative identities founded on a shared vision of powerful, confident, and glamourous femininity co-designed by the houses’ creative directors Sandra ...
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News briefs
Sioux launches new vegan sneakers in second collaboration with artist Tim Bengel
The German shoe manufacturer Sioux has teamed up again with Stuttgart artist Tim Bengel with the launch of a new limited edition of vegan sneakers. The new “SuperKrautOne” model, made entirely of vegan components with a high proportion of renewable and recycled raw materials, will be limited to 999 ...
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News briefs
Reorganization of ANWR’s executive board is completed
ANWR Group has completed the reorganization of its board, which it announced in June of this year. On Sept. 30, Matthias Grevener left the the executive board of the buying group, where he sat for 17 years, becoming the longest-serving member. Grevener also stepped down from all his posts ...
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ArticleArnault family’s control over LVMH now secured for decades
On Oct. 23, 2023, Jean Arnault, the son of Bernard Arnault, turned 25 ensuring that the control of the LVMH group remains in the hands of the Arnault family for the coming decades, reported the Italian daily, Il Sole 24 Ore. In Dec. 22, 2008, Bernard Arnault, the chairman and ...
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ArticleFerragamo misses sales expecations in Q3
In the third quarter of 2023, Salvatore Ferragamo’s sales fell by 16 percent to €244 million euros, about €5 million below the market consensus. Citi noted that the deterioration in third-quarter sales was expected, but stressed that the brand seems to have suffered more than its peers from macroeconomic headwinds. ...
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ArticleNice Footwear FY sales up 43.1%
In the full year ended on April 30, 2023, Nice Footwear posted sales of €46.9 million, up by 43.1 percent from a year earlier, while net profits surged by 122.7 percent to €2.8 million, beating the company’s own expectations. The Ebitda of the Italian footwear company rose by 75.0 percent ...
