Zalora, the fashion-focused e-commerce site backed by Rocket Internet, is selling its businesses in Thailand and Vietnam to retailer Central Group. The deal is said to be agreed on in principle and currently subject to paperwork and red tape. Central Group is one of the region’s largest retail players with a huge footprint in Thailand […]
The UK has blocked tougher EU trade rules to help the steel industry partly because it could have raised the price of shoes for British shoppers. Sajid Javid, the country’s business secretary, argued the UK opposed scrapping the so-called lesser duty rule as it would have “cost British shoppers dear”, including an extra £130m a […]
UBM, which organizes FN Platform and Magic, plans to beef up its portfolio of events. The company said it will pay $69 million to buy Business Journals Inc., a producer of fashion trade shows in New York and Las Vegas such as Accessories the Show, Moda, Stitch and MRKet. As part of the deal, UBM […]
Boston-based athletic brand New Balance is taking a stand against the Trans-Pacific Partnership. After remaining neutral on the controversial trade deal, the brand announced it was changing its position. In a conversation with Footwear News, the company said fundamentally it was anti-TPP because the deal would be bad for U.S. footwear manufacturing and jobs, as […]
Keeping with a tradition started in 1850, legendary shoe brand Johnston & Murphy will be creating a pair of shoes for the next commander in chief, regardless of party affiliation. And, in a historic turn of events, it might be the first time a pair of women’s shoes will be crafted. William Dudley, an immigrant […]
Dwayne “The Rock” Johnson is the new voice of Under Armour — or at l east the voice of its new advertising spot for the brand’s HealthBox fitness-technology package. The one-minute video, titled “One Push,” debuted Johnson’s Instagram account and is airing on YouTube and Underarmour.com. It features a voice-over by the wrestler-turned-actor, outlining the […]
Jimmy Choo made a big splash for its 20th anniversary. The fete — hosted by CEO Pierre Denis and creative director Sandra Choi – was timed around the opening of the brand’s new Soho store. Rob Pruitt, Olivia Palermo, Genevieve Jones, Lauren Remington Platt, Cristina Ehrlich and Jessica Joffe were among the big names who […]
Wolverine World Wide reported first-quarter 2016 sales and profits that significantly surpassed market watchers estimates. Its management said a series of initiatives implemented last year are beginning to yield positive results for the firm. “We exceeded expectations for both revenue and earnings in the first quarter and believe the company is well-positioned to achieve our […]
Pondicherry-based premium leather goods maker, Hidesign is going slow on store expansion in India owing to lack of new shopping malls. The company, however, is looking at expanding internationally. It is planning to start retail operations in six new markets this year including Kenya, Saudi Arabia, and Canada. According to Dilip Kapur, Founder, Hidesign, “The […]
Boston-based athletic footwear and apparel brand New Balance recently opened its first store in India—a 1,100 sq. ft standalone brand outlet at DLF Mall of India, Noida, near New Delhi. This is the second time New Balance has entered India after a gap of about a decade. The American shoemaker, which reported $3.3 billion of […]
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