Investment
Owner of Havaianas sells Osklen
The Brazilian manufacturer Alpargatas has received a binding offer for its 60% stake in the brand Osklen. This move is in line with its strategy to focus on Havaianas growth
Havaianas with first production plant outside Brazil
The Argentine Grupo Blanco, which has been distributing Havaianas’ footwear in the country for the past four years, will now begin manufacturing it
Allbirds valued at 2.15 billion US dollars
The Californian-based company of sustainable footwear raised more than 300 million US dollars in its initial IPO, with shares growing by 91% on the first day of trading
Nike displays LeBron James Innovation Center
Located at the centre of the sportswear giant’s headquarters in Oregon, the LeBron James Innovation Centre will also house the renovated Nike Sport Research Lab (NSRL)
Geox is closing its Serbian factory
The Italy-based company is closing down its Serbian plant in Vranje. The decline in demand for formal men’s and women’s shoes is pointed as the reason for the closure
Tamil Nadu ensures investment of 28.508 crores
The local government of the southern Indian state announced an overall investment commitment of 28.508 crores in 49 projects involving companies from various sectors. Footwear is included. The initiative is expected to generate 83.482 job opportunities
Nordstrom acquires minority stake in Asos brands
Asos has formed a joint-venture with US-based multi-channel retailer Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands
Richemont acquires Delvaux
The Switzerland-based luxury goods holding company announced it has acquired 100% of Delvaux, the renowned Belgian luxury leather goods Maison, in a private transaction
LVMH acquires 100% of Emilio Pucci
The luxury giant, which since 2000 owns 67% of the historic fashion house founded in Florence in 1947, will now take full control of Emilio Pucci as it acquired the remainder shares
Shoe Carnival announces two-for-one stock split
The US-based retailer of footwear and accessories announced that its Board of Directors has authorized a two-for-one stock split of the company's common stock
Portuguese footwear industry focus on own brands
The investment in own brands is a major focus for the Portuguese footwear industry. According to data from the Industrial Property Support Office (GAPI) of the Portuguese Footwear Technological Centre, 272 new footwear brands have been created in Portugal since 2010
JD Sports is selling Sports Unlimited Retail
The British sports-fashion retail company is selling Sports Unlimited Retail to Iberian Sports Retail Group, its 50.02% owned subsidiary based in Spain. The deal should amount to 14 million British pounds (roughly 16.5 million euros)
Steve Madden acquires remaining share of European joint venture
The US-based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture
Zalando aims for 10% of Europe’s fashion market
After what they called a strong financial year, the ecommerce giant significantly upgraded its growth ambitions and now aims to grow Gross Merchandise Volume (GMV) to more than 30 billion euros by 2025. Zalando are aiming for 10% of the European fashion market in the long-term
Manufacturing in Pirmasens is ending for Peter Kaiser
New investors were announced for Peter Kaiser. In addition to the current CEO Stefan Frank, a couple of investors join the business: Hans-Joachim and Gisa Sander (husband and wife), founders of cosmetics company Wella. Pirmasens production line to shut down-
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