All Shoe Intelligence articles in Volume 25, Issue 23+24 – Page 2
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News briefs
Footway employees and directors invest into the company
Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the Swedish company’s capital. The transaction comprises a total of approximately 8.8 million shares, representing about 8.7 percent of the company’s share capital and 10.4 percent of the voting rights. ...
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News briefs
Tod’s to finance restoration of Milan’s city hall
Tod’s will fund the restoration of Milan’s city hall, which is situated in Piazza della Scala, opposite the eponymous opera house. The works comprise 5,345 square meters of exterior facades and 2,224 square meters of the internal court of honor, which features original elements of the building, including a portico ...
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News briefs
KG Schuhkay completes protective shield proceedings
The Hamburg-based footwear retailer KG Schuhkay has completed its protective shield proceedings. Schuhkay applied for self-administration under the German insolvency law in late March this year and entered protective shield proceedings at the end of May. Despite better-than-expected results, the business outlook was clouded by the fallout from the ...
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ArticleAustrian children’s shoe manufacturer Richter files for bankruptcy
The Austrian company Ferdinand Richter, the oldest children’s shoe manufacturer in Europe, has filed for bankruptcy with the Graz regional court. The company, which is based in Pasching, near Linz, with management in Graz, is however planning to continue operations, according to media reports. Ferdinand Richter has around €7.9 ...
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News briefs
Permira close to picking the banks for Golden Goose’s IPO
The private equity Permira is in the home stretch regarding the selection of the pool of banks that will arrange the initial offering (IPO) of Golden Goose, that could be held in 2024, according to the daily Il Sole 24 Ore. Goldman Sachs and BofA Merrill Lynch are the frontrunners ...
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ArticleCaleres sees Famous Footwear sales continuing decline in Q4, growth at Brand Portfolio
Caleres expects sales at its Famous Footwear chain will continue to decline in the fourth quarter of its financial year at roughly the same pace seen in the third quarter, while its Brand Portfolio segment is poised to resume year-on-year growth. In the third quarter ended Oct. 28, sales at ...
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News briefs
Gerry Weber to be delisted
The German fashion group Gerry Weber is set to undergo a capital cut and to delist from the stock market as part of its restructuring plan, which was confirmed on Oct. 25 by the Essen Restructuring Court. The plan, which also includes a €50,000 capital increase, “was approved with ...
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News briefs
ANWR launches new sports and outdoor trade fair format
The German footwear buying group ANWR has launched a new trade fair format focusing on the sports and outdoor footwear segment. The new ANWR Order Lifestyle-Sport & Outdoor fair will be held on Dec. 12 and 13, 2023 in ANWR’s Mainhausen Campus, near Darmstadt. So far, around 50 ...
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News briefs
Frankie4 opens a flagship store in Seattle
Frankie4, an Australian women’s footwear, has opened a permanent store, its first in the U.S., at the Bellevue Collection mall, located outside Seattle. The store was designed by JPC Architects and features 1,844 square feet of retail space. The store follows the success of a pop-up location in Bellevue Square ...
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News briefs
Aku inaugurates a new production line
Italian-based outdoor footwear maker Aku has inaugurated a new line of production at its factory in Montebelluna. The new state-of-the-art machine for outdoor and professional footwear reportedly represents an investment of €1.3 million. The project has been developed in partnership with Stemma, also an Italian company which specializes in the ...
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News briefs
Xero Shoes hires new directors for design and product merchandising
Colorado-based barefoot footwear specialist Xero Shoes has hired Kristina Funck as design director and Megan Elias as director of product merchandising. As design director, Funck will lead Xero Shoes’ design strategy, innovation and seasonal storytelling. She has contributed to the design development and success of several global footwear brands, including ...
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News briefs
New Balance starts construction of new factory in New England
New Balance has begun construction of a 9,500-square meter factory in Londonderry, New Hampshire. It is the first factory in the state and the sixth footwear manufacturing facility in the U.S.. The investment totals $70 million, will create more than 150 jobs and is expected to be operational by 2025. ...
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News briefs
Tod’s joins the Aura Blockchain Consortium
Tod’s has joined the Aura Blockchain Consortium, securing digital product passports for the handbag Di Bag.“Using Aura Blockchain technology and the NFC tag that guarantees its authenticity and traceability, you are able to access all the information about the bag and its supply chain directly through your smartphone. This unique ...
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ArticleGolden Goose’s revenues rise by 19% in the first nine months
Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...
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News briefs
Ralf Ringer faces bankruptcy due to a dispute with the tax authorities
Ralf Ringer, a prominent Russian footwear retailer, faces the risk of being declared bankrupt for failing to pay the lease for a manufacturing facility. The company is locked into a dispute with the Russian tax authorities, which has blocked its bank accounts. As a result, the footwear retailer has missed ...
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ArticleCoats’ sales trends improve in H2
In the four months running from July 1 to Oct. 31, Coats’ overall revenues fell by a reported 9 percent year-on-year, while organic revenues dropped by 12 percent at constant currency rates, an improvement on the first half of the year. In the first six months of 2023, organic growth ...
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News briefs
Generational change at Schneider Schuhe
A new generation has taken the helm at the Swiss footwear and fashion retailer Schneider Schuhe as Monika and Ueli Schneider handed over the family business to Helen and Samuel Schneider. The company said in a statement that the move, which marks a generational change from the 6th to ...
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ArticleGruppo Florence plans a Milan-based ‘hub’ in 2024
Gruppo Florence, an Italian holding company that owns 28 suppliers to the luxury goods industry, including three footwear manufacturers, is planning to create a “hub” in Milan to exhibit the know-how of its various businesses. The hub dubbed “villaggio delle meraviglie” (the village of wonders) by Gruppo Florence’s CEO, Attila ...
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News briefs
Chaussea’s parent buys Pataugas
VGM Holding, which owns the French footwear retailer Chaussea, has bought the footwear brand Pataugas from the Hopps Group. No financial details were released. Created in the Basque region of France in 1950, Pataugas is particularly well-known in France for its comfortable walking shoes with rubber soles. The brand was ...
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ArticleHow an Italian shoe maker is dealing with the change of aspirations of its workers
The footwear industry in Italy, as in many other developed countries, is having to tackle with an aging workforce and a lack of appeal for young people, which has resulted in a shortage of skilled staff. But, the situation is aggravated by growing competition for resources from well-funded brands which ...
