Azzas 2154 sees modest growth in footwear sales in Q3
Azzas 2154, the Brazilian company formed earlier this year from the merger of Arezzo & Co and the apparel company Grupo Soma, reported modest growth in its footwear and accessories business in the third quarter of 2024, as solid growth in its direct-to-consumer (DTC) business was largely offset by lower ...
Boohoo raises £39.3 m in fresh cash
Boohoo has raised £39.3 million (€47.0m), before fees and expenses, in fresh capital by issuing new shares at 31 pence per share (0.37 euro cents). The funds will be used to repay debt and provide the company with ”additional strategic flexibility.”
Geox reshapes distribution model in US and China as wholesale continues to drag on sales
Geox said it would close direct operations by the end of the year in both the US and China as it seeks to increase efficiency and better meet its distribution needs in what have so far proved to be marginal markets. The company said it intends to continue serving both ...
Vida Shoes buys Aquatalia
New York-based Vida Shoes International has acquired Aquatalia, an Italian luxury fashion brand created in 1994, from ADJHA Aquatalia LLC. The transaction was completed on Sept. 26. No financial details were released.
Tapestry, Capri scrap plans to merge
Tapestry, the US owner of the fashion brands Coach, Kate Spade and Stuart Weitzman, has reached an agreement to terminate plans to merge with Capri Holdings, which owns the brands Michael Kors, Versace and Jimmy Choo.
The Swiss brand Künzli has a new owner
The Swiss shoe manufacturer Künzli has found a new owner, averting a potential shutdown that could have been triggered by an unresolved succession.
Andreas Wortmann becomes AstorMueller CEO
The Swiss shoe manufacturer AstorMueller has appointed Andreas Wortmann as its new Chief Executive Officer. He takes the job over from the company’s owner, Tim T. Müller, who will continue to “guide” the company as Chairman.
Caleres names a new head of its New York brands
Nancy Bitetto has joined Caleres as Senior Vice President of New York brands, which include Franco Sarto, Vince, Veronica Beard and private brand offerings. “In this role, Bitetto will focus on accelerating growth and expanding profitability within the Caleres Brand Portfolio,” the company said.
Stuart Weitzman’s sales rise driven by North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $53.7 million in the fiscal first quarter ended Sept. 28, up by 2 percent year-on-year both on a reported basis and at constant currency rates, as growth in North America offset “softness” in Greater China.
Spanish footwear exports up in the first seven months of 2024
Spain’s footwear exports amounted to €2,056.5 million in the first seven months of 2024, up by 6.4 percent compared to the same period in 2023. Meanwhile the number of pairs shipped to foreign markets amounted to 105.8 million, rising by 8.6 percent year-on-year, according to data released by Fice, the ...
German leather goods industry suffers steep sales drop
According to the German footwear and leather goods trade association, HDS/L, the German leather goods industry faces a challenging second half of 2024, with sales falling and both imports and exports declining, reflecting broader economic pressures.
Italian footwear production continues to decline
In the second quarter of 2024, revenues of Italian footwear manufacturers fell by 8.0 percent year-on-year, slightly worse than previously anticipated and confirming the decline seen in the first three months of the year. In the first quarter, revenues contracted by 10.1 percent year-on-year, while production decreased by 20.5 percent. ...
Germany’s economic situation worsens
The economic situation has worsened in Germany due to weak consumer confidence and geopolitical uncertainty, but the economy could gradually pick up in the coming quarters. Germany is Europe’s main economy and the third largest in the world.
