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.
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 Grou.
Angelo Ruggeri has exited his role as Design Director for Italian luxury footwear brand, Sergio Rossi. His departure comes not long after the footwear label was acquired from Kering by European investment house Investindustrial in December with Andrea Mor.
A German court has rejected adidas’s petition to stop PUMA from producing its line of NRGY sneakers that rival the Three Stripes’ BOOST shoes. The former filed an injunction for PUMA to stop selling the footwear. PUMA launched its NRGY line back in 2014, .
Under Armour has announced that following the bankruptcy court’s approval of the liquidation of Sport Authority’s business, it now expects to recognize an impairment charge of $23 million during the second quarter of 2016. When it initially filed for prot.
China’s most valuable internet company, Alibaba, has announced plans to open an office in Australia. Alibaba announced at an event in Hangzhou that it would open an Australian office “later this year”. James Hudson, the chief executive o.
Puma fans on Snapchat got a welcome surprise. The brand announced on its account three new colorways of Rihanna’s Fenty Creepers. The Creepers were originally released in fall 2015 in several waves and sold out within hours each time. Since then, Rihanna .
Nike has announced that Converse president and CEO Jim Calhoun would leave the company. He will be replaced by Davide Grasso, Nike’s current chief marketing officer. In addition, Michael Spillane, vice president and GM of footwear, has been named presiden.
Montreal-based footwear retailer Aldo has teamed up with Pinterest to launch a new bridal contest. Participants — who must be a bride, groom or in a wedding party this year — can enter for a chance to receive Aldo shoes and accessories for their entire pa.
Steve Madden reported first quarter revenue and profit in line with guidance. The company reported net income of $20 million, or 33 cents per diluted share, for the period ending March 31. It was less than a percent gain compared to the same year-ago peri.
