News
Tamara Mellon raises funding for brand's expansion
The co-founder of the Jimmy Choo brand has managed to secure funding to expand her namesake brand. Tamara Mellon raised 50 million US dollars for the expansion of the brand
Facebook reveals its Libra cryptocurrency
Libra was announced as a low-volatility cryptocurrency, powered by a smart contract platform that’s designed to be secure, scalable, and reliable. The cryptocurrency is governed by non-profit Libra Association based in Geneva
Tapestry appoints new CFO
Joanne C. Crevoiserat was appointed as Chief Financial Officer of Tapestry, the New-York based luxury house
Zimbabwe: modernisation is the way
The African country is appealing to its tanneries to focus on modernisation as a way of succeeding
Walmart has a new Chief Technology Officer
Suresh Kumar is a 25-year Tech Executive, who will bring deep experience in retail and e-commerce, advertising, cloud and machine learning
Moda appoints director of footwear
The fashion trade show taking place in Birmingham every February and August is aiming to enhance its footwear segment and has appointed Lisa Govier as director of footwear
5 offers for Roberto Cavalli
Five potential investors presented proposals for the Italian fashion brand Roberto Cavalli. The identity of the candidates was not revealed
India increases tariffs on US goods
India has imposed higher customs duties on a range of goods coming from the US, effective from last Sunday. This comes as a response to similar measures taken by the US
Shoe Carnival declares quarterly dividend
The company to pay quarterly cash dividend of 0.085 Us dollars per share, a 6% increase over the prior quarterly cash dividend
Bata to invest in Colombia
The total investment should amount to 5 million US dollars. Bata is aiming to open new stores and renew the e-commerce platform
New Global Chief Digital Information Officer at Nike
Effective from today, Ratnakar Lavu will become the company’s first Global Chief Digital Information Officer. He will report to Eric Sprunk, Nike's Chief Operating Officer
BASF invests in Longwater Advanced Materials Fund
The Chinese fund focuses on advanced materials and chemistry-related technologies. The partnership will facilitate a synergetic collaboration between BASF Venture Capital and Longwater Investment
The importance of design in sustainable footwear
An increasing number of companies are focusing on products based on recycled, recyclable, biodegradable, renewable materials and more durable products and the design element is key on the whole process
Crocs to reduce sourcing from China
The footwear company known for the iconic clogs says the amount of US products sourced from China will be below 10% for 2020. Currently, Crocs imports 30% of its US product from China
Puma to invest 40 million US dollars in Indiana
Puma North America intends to invest 40 million US dollars in a new distribution center in Indiana. A 635 000-square-foot building and the hiring of 90 people should be the key elements of the new facility
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