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India NEWS

India requests Uzbekistan to reduce import tariff on fabrics, made-ups, leather goods & footwear

India has requested Uzbekistan to consider reduction of import tariff imposed on fabrics and made-ups, reduction in Higher MFN duty on RMG products and simplifying the procedure for registration and certification. India also sought reduction of import duty on leather goods and footwear. The Commerce and Industries Minister, Nirmala Sitharaman and Abdulaziz Kamilov, Minister of Foreign Affairs and ElyorGaniev, Minister […]

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India NEWS

Zeven strengthens its position in cricket as it ties up with Red Bull 

Strengthening its position in India’s favourite sport, cricket, India’s authentic sportswear brand Zeven, has announced its collaboration with Red Bull, the energy drink giant for the “Red Bull Campus Cricket 2017”. Zeven will be the training kit partner for the Indian team in this exciting series. Sri Lanka will play host to the next generation of top cricket talent […]

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India NEWS

ASICS steps up India expansion, eyes over 20 stores by 2018

Japanese performance sportswear firm ASICS is stepping up expansion in India with plans to add over 20 mono-brand stores by next year. It is also intensifying presence on e-commerce platforms while growing business through regional distribution channels to cater to growing demand in tier II cities. The company, which sells its footwear and apparel products through franchise model, is also […]

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India NEWS

Japanese fast-fashion brand miniso launched its first store in india at new delhi

Japan-based fast-fashion designer brand, stepped its foot in India and opened its first store at the Ambience Mall, VasantKunj in New Delhi following  established strategic relationships with nearly 60 countries and successfully opening stores in 30 countries including the U.S., Canada, Australia, Russia, the United Arab Emirates, Singapore and Korea.  Spread over 2,000 sq. ft., the store […]

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International NEWS

Undandy to open own factory

Undandy is a footwear brand focused on customised footwear sold through an online store. The customer can choose the model, color and material when making an order. The personalization process, all made online, is very straightforward with only five stages. The customer visits the brand’s website and picks the last that better fits their style, […]

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International NEWS

Puma raises guidance

Consolidated sales posted by Puma in the second quarter increased by 16% in currency adjusted terms (17% in reported terms), totaling 969 million euros, compared to 827 million euros in the second quarter last year. The operating result (EBIT) in the second quarter 2017 increased to approximately 43 million euros, more than three times year-ago […]

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International NEWS

Steve Madden’s net sales up by 15%

Edward Rosenfeld, Chairman and Chief Executive Officer, commented: “The strong momentum in our business continued into the second quarter, as we delivered another quarter of robust sales and earnings growth despite the challenging retail environment. Once again, we saw outstanding performance in our core Steve Madden Women’s wholesale footwear division, where our trend-right product assortment […]

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International NEWS

Wolverine sells Sebago

“As an organization, we have always been active portfolio managers, with a sharp focus on our highest-value opportunities. We have recently completed a strategic review of our existing portfolio and have been exploring a variety of alternatives for some of our smaller brands and businesses”, commented Blake Krueger, Chairman, Chief Executive Officer and President, adding: […]

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International NEWS

Aldo to acquire Camuto Group

This deal takes part of Aldo’s continued expansion, and according to their management it will “significantly increase both companies’ capabilities and reach, and enhance their ability to offer the widest selection of footwear, handbags, and accessories through all channels, including owned stores, franchise, online and wholesale”. David Bensadoun, Aldo Group’s Chief Executive Officer, commented: “We’re […]

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International NEWS

Under Armour revenue up by 9%

“Our second quarter performance validates the strength of our multiple growth levers to deliver solid results in today’s dynamic global environment”, stated Under Armour Chairman and CEO Kevin Plank, adding: “More than doubling our business over the last three years has required significant investments and resources to build our brand. We are utilizing 2017 to […]

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