All Shoe Intelligence articles in Volume 26, Issue 9+10 – Page 4
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News briefs
CEC co-signs a European industry manifesto for relaunching competitiveness
CEC has joined forces with 85 other European and national industry associations to publish a manifesto called Relaunching European Competitiveness. “The manifesto calls against the risk of de-industrialization on our continent by relaunching Europe’s competitiveness. The EU enters a new policy cycle at a challenging time, with technology and geopolitics ...
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News briefs
Shoe Zone’s Antony Smith leaves the board
Shoe Zone said that from April 16, Anthony Smith is stepping down from the board of the parent company to increase his focus on the day-to-day running of the business. He will however remain as a director of Shoe Zone’s operating subsidiary, Shoe Zone Retail Limited.
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ArticleFDRA calls on US president to remove duties on Chinese footwear imports
Matt Priest, the president and CEO of Footwear Distributors & Retailers of America (FDRA), is urging the US president, Joe Biden, to remove by executive order Section 301 import tariffs imposed on China. In an open letter to Biden, Priest wrote that “retail footwear prices have risen sharply since implementation ...
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News briefs
Stanbee names a new global sales director
Stanbee, a US footwear components provider, has appointed Tom Muller Global Sales Director. He replaces Leo Provencher, who is due to retire in May. Muller has more than three decades of experience in the industry, having spent the last twenty years with Texon International, most recently as US brand director ...
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News briefs
Sajaco Nordic takes over Morris-Accent from Rizzo Group
Following an accelerated bidding process, a unit of Sajaco Nordic has acquired Morris-Accent, the Norwegian subsidiary of Rizzo Group, a Swedish retailer of bags and accessories. Sajaco Nordic, which is based in Sweden, claims to be Scandinavia’s largest wholesaler of bags. On April 8, the ownership of the shares in ...
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ArticleFootwear stocks treaded water in a quarter marked by shareholder activism
The prices of stocks monitored by Shoe Intelligence grew by 1.3 percent on average in the first quarter of 2024, compared with the previous three months, in very volatile trade. The quarter was marked by shareholder activism. Tabor Asset Management, a US investment company that has a 1.1 percent stake ...
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News briefs
Birkenstock invests €15m in Portuguese plant
Birkenstock is investing €15 million in Portugal to expand its recently acquired component manufacturing facility in the Iberian country. The new 13,000-square meter factory in the São Domingos Industrial Zone in Arouca, in the Metropolitan Area of Porto, in the Norte Region, is expected to be completed by December 2024, ...
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News briefs
Christian Louboutin targets annual sales of €1bn
Christian Louboutin aims to achieve annual sales of more than €1 billion, according to John Elkann, the CEO of Exor, a Dutch incorporated holding company that invested €541 million in 2021 to buy a 24 percent stake in the French luxury shoe maker. Elkann did not indicate when the revenue ...
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News briefs
Patent protection for OrthoLite Hybrid Technology line expanded
The US-based insole specialist OrthoLite announces that, as of April 2, 2024, patent protection has been expanded for the speckled design of its Hybrid Technology line, including Hybrid, HybridPlus-Bio and HybridPlus Recycled. The patents protect the colored foam-speckled design that represents “quality, comfort, and the inclusion of at least 20 ...
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ArticleH&M and Inditex accused of allegedly using unethical Brazilian cotton
The British non-governmental organization (NGO) Earthsight is accusing H&M and Inditex of allegedly using cotton “linked to land grabbing, illegal deforestation, violence, human rights violations and corruption in Brazil.” It is also calling on governments to regulate the fashion industry on the grounds that it has failed to ensure sustainability ...
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News briefs
Gucci names a deputy CEO
Gucci has nominated Stefano Cantino as Deputy Chief Executive Officer, effective May 2. Cantino comes to Gucci from Louis Vuitton, where he was responsible for communications and brand image. Prior to working at Louis Vuitton, Cantino spent over 20 years of his career at Prada. The post of Deputy Chief ...
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News briefs
Lloyd launches Lufthansa collection
German shoemaker Lloyd Shoes has joined forces with the airline company Lufthansa to launch a licensed collection for the spring/summer 2024 season. The new product range features travel shoes which offer added comfort for long-haul flights and comprises 14 models, including five women’s and nine men’s styles. A purpose-designed backpack ...
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News briefs
Macy’s names two independent directors in agreement with Arkhouse
Macy’s has appointed two new independent directors, Richard Clark and Richard Markee, to its board of directors, effective immediately. The appointments follow the board’s engagement with Arkhouse Management, resulting in the withdrawal of the latter’s director nominations and ending a proxy contest. Arkhouse ignited the proxy battle in February after ...
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ArticleAllbirds urged to bolster its share price by Nasdaq
On April 2, Allbirds was notified by Nasdaq that its share price was no longer compliant with the rules of the New York-based stock exchange because the closing bid price of its Class A common stock has fallen below $1.00 per share for 30 consecutive days. Allbirds has 180 calendar ...
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News briefs
P448 sets up a European joint venture with The Camp Brands
The Italian footwear label P448 has formed a joint venture with The Camp Brands, a Spanish firm specializing in the distribution of brands. The joint venture, called P448 Europa, will be managed by Javier Carera, the co-founder of The Camp Brands. It will expand P448’s distribution in Europe as well ...
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News briefs
P.F. Flyers partners with Revolve.com
P.F. Flyers, an American lifestyle shoe brand, is partnering with the fashion retailer Revolve in what it qualified as a “significant step” in its expansion beyond direct-to-consumer into wholesale distribution. With the partnership, P.F. Flyers’ Desert Adventure collection is sold exclusively on revolve.com since April 8. P.F. Flyers will also ...
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ArticleNovoloop’s pilot plant for recycled plastic comes on stream in India
Novoloop, a US plastic circular economy technology company, announced the startup of its pilot plant in Surat, India. The plant was built in collaboration with Aether Industries, an Indian speciality chemical manufacturer. Groundbreak for the plant was announced in January 2024 and construction completed in March 2024. The pilot plant ...
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News briefs
Esprit’s Belgian unit files for bankruptcy
Esprit Holdings Limited, the fashion group incorporated in Bermuda and listed in Hong Kong, said that its Belgium unit Esprit Belgie Retail (BEBR) filed for insolvency on April 8 due to high costs and negative consumer sentiment. In a statement, Esprit said that it “is now focusing on a comprehensive ...
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ArticleRussia claims to have virtually eradicated illegal footwear sales
Since 2020, the mandatory labelling of fashion goods has secured additional income of 84.6 billion rubles (€848 million) on aggregate for the Russian federal budget, estimated the Russian Center for Prospective Technologies (CPT), a government agency authorized to supervise the labelling reform. Footwear labelling on its own provided additional income ...
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ArticleFormer Kaufhof owner reportedly taking over Galeria Karstadt Kaufhof
According to the German business publication Handelsblatt, the US investor NRDC Equity Partners is to be granted the contract to operate the 92 locations of the German department store chain Galeria Karstadt Kaufhof. NRDC is the investment company of Canadian entrepreneur Richard Baker, who also owns a majority stake in ...
