Brands
Birkenstock invests 110 million euros in new shoe factory
The German brand revealed that the investment of around 110 million euros in the new site in Pasewalk, Northeast Germany, is "by far" the largest individual one in the company's history
EuroShoes@CPM closes with record attendance
The leading event of the Russian fashion industry, held from the 30th of August to the 2nd of September at the Expocentre Fairgrounds in Moscow, received about 18 500 people
Todd Krinsky is Reebok's new CEO
Authentic Brands Group, the owner of Reebok, has named Todd Krinsky to the role of CEO. He succeeds Matt O'Toole, who led the sportswear brand for over 15 years and will join ABG in January 2023
Louis Vuitton launches sustainable sneaker
The French luxury Maison, owned by LVMH, released a new unisex version of the LV trainer made from 90% recycled and organic materials, designed by its late creative director Virgil Abloh
Tod's founding family launches bid to delist the company
The Della Valle family said their holding company would pay 40 euros per share to delist the company from the Milan-based stock exchange. The goal is to strengthen the underperforming luxury group
Capri off to a good start
The fashion luxury group, owner of Versace, Jimmy Choo and Michael Kors, reported a 1.36 billion US dollars revenue in the first quarter of fiscal 2023, driven by strong momentum across its brands
Owner of Havaianas posts a profit decline in the second quarter
The Brazilian Alpargatas announced its second quarter results for 2022. While Havaianas performed well at home, it posted difficulties internationally, especially in the US and China
Timberland unveils first sustainable collaboration with CLOT
The US-based casualwear brand and the Hong Kongese streetwear label have joined forces to create an Eastern culture-inspired capsule that uses only eco-innovative materials
Columbia Sportswear lowers full year outlook
Despite a revenue growth in the first half of the year, the US-based sportswear company has decided to cut its full year outlook based on a growing economic uncertainty environment
Sebastian Öhrn (Myrqvist): companies are moving towards more ownership of their brands and products
Today we talk with Sebastian Öhrn, founder of the brand Myrqvist. After organising a successful Kickstarter campaign, Sebastian created a business where we decided to cut out middlemen and sell its shoes directly to customers online and via a flagship store in Stockholm
Hoka drives growth for Deckers Brands
The Californian-based group reported that Hoka's net sales rose by 54.9% in the first quarter of fiscal 2023, as compared to the same quarter of last year, reaching 330.0 million US dollars
VF reports net loss
The US-based company, owner of brands such as Vans and The North Face, posted a net loss of 56 million US dollars in the first quarter of 2023, "amid a softer consumer environment and inflationary pressures"
Capri aims at an 8 billion USD revenue goal
The group said at an Investor Day that it plans to increase the footwear and accessories sales of Jimmy Choo, Versace and Michael Kors, while also focusing on store growth
TOWORKFOR's Risky campaign wins advertising awards
The Portuguese safety footwear brand won nine awards at the Festival do Clube de Criativos of Portugal for the campaign that uses creatively three well-known names in the international cinema-
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