News
Decathlon launches new subsidiary to expand its presence around the world
The French-based sporting goods retailer has launched Decathlon Pulse, a fully-owned subsidiary focused on expanding its global presence and driving additional long-term growth
David Roubach from Balena: sustainability is part of innovation and innovation is part of the success of a brand
We spoke to David Roubach, Founder and CEO of Balena, a materials science company that’s been making waves with its advanced biopolymer material BioCir. The company’s mission is to help create a fully circular model for consumer goods. Let’s find out more
Puma named one of the world’s most sustainable companies by Time magazine
The company has been named one of the “World’s Most Sustainable Companies” by the US magazine Time and Statista, based on environmental data as well as assessments given by external organisations
Pope Francis receives a pair of Portuguese shoes
As part of its 40th-anniversary celebrations, the Portuguese company RICAP Shoes, represented by its administrator and founder, hand-delivered a pair of sandals to His Holiness at the Vatican
Deckers announces board approval of six-for-one forward stock split
The owner of the Hoka and Ugg brands has announced that its Board of Directors has approved a six-for-one forward stock split to make its common shares stock more affordable and attractive
Burberry announces new CEO and warns of loss as first quarter sales slump
The luxury company has warned of an operating loss in the 1H of the year if the slowdown in the luxury sector continues, after reporting a 21% year-on-year fall in sales in the 1Q and announcing the exit of CEO Jonathan Akeroyd
Dr. Martens maintains full year guidance
The UK-based footwear company has reported that trading in the first quarter was in line with expectations and that its guidance for the financial year 2025 remains unchanged
Footway Group moves e-commerce business to a new group
The Sweden-based Footway Group AB has transferred its e-commerce business to a new group of companies, as part of a strategic review that has been underway for the past four years
adidas poised to report the highest profit in three years
The sportswear company is expected to post strong sales and its highest profit margin in three years in the second quarter, according to analysts. The forecast comes amid recent struggles at rival Nike
Brazilian footwear industry concerned by surging Chinese imports
The warning comes from Abicalçados. The surge in Chinese footwear imports is causing concern for the Brazilian footwear industry, which continues to see a steady decline in exports
Nike rehires former executive to strengthen the wholesale business
Veteran executive Tom Peddie will return to Nike as vice president of marketplace partners. The appointment comes at a time of slowing sales and strained relationships with retail partners
Shoe Carnival issues 49th consecutive quarterly dividend
The US-based footwear retailer has announced that its Board of Directors has approved the payment of a quarterly cash dividend for the 49th consecutive quarter
American Exchange Group acquires footwear brand Island Surf Company
The US-based group has announced the acquisition of the nautically inspired footwear brand Island Surf Company, which will now become a division of White Mountain
Birkenstock share sale raises 756 million USD for L Catterton Group
LVMH-backed private equity firm and a group of Birkenstock employees have raised 756 million USD from the sale of a block of shares in the US-traded company. L Catterton will retain a 73% stake in the footwear brand
OrthoLite expands European hub
The US-based insole manufacturer has announced the expansion its European facility, OrthoLite Europa (OEU), located in Almansa, Spain. The aim is to increase capacity and bring solutions closer to its European partners
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