LONDON – Another division of Rene Benko’s troubled Signa property empire has filed for insolvency following the collapse of the holding company last month. Signa Prime Selection, which has stakes in retailers including Selfridges, KaDeWe and Karsdadt, has filed for bankruptcy and submitted a restructuring plan in a Vienna, Austria court, according to a statement. The filing is the latest in […]
There was no shortage of legal issues affecting the fashion and footwear industries in 2023. While trademark complaints made up the bulk of the legal dramas this year, other disputes involving nonpayment of services and alleged money laundering made headlines as well. From Adidas’ ongoing battle with Thom Browne to New Balance sparring with Golden Goose, FN rounds up 13 […]
With less than a week until Christmas, shoppers will need to head into physical stores to grab those last-minute gifts — or shell out more money for expedited shipping from online retailers. And that’s what independent footwear stores are banking on to help boost revenue as the year comes to a close. “So far, [our holiday] sales have […]
This year, the footwear and retail industries welcomed a slew of new chief executives. Many are veterans of the business with strong track records for success, such as Christopher Hufnagel at Wolverine Worldwide and Doug Howe at Designer Brands Inc., as well as Liz Rodbell, who is making a big return to Hudson’s Bay. Other […]
With less than a week until Christmas, shoppers will need to head into physical stores to grab those last-minute gifts — or shell out more money for expedited shipping from online retailers. And that’s what independent footwear stores are banking on to help boost revenue as the year comes to a close. “So far, [our holiday] sales have […]
Wolverine Worldwide announced on Thursday the departure of Jim Zwiers, a 25-year company veteran, who will leave in 2024. He most recently served as executive vice president and president of the global operations group. “Jim has dedicated his time and talent to Wolverine Worldwide for the last 25 years,” Wolverine Worldwide president and CEO Chris Hufnagel […]
With less than a week until Christmas, shoppers will need to head into physical stores to grab those last-minute gifts — or shell out more money for expedited shipping from online retailers. And that’s what independent footwear stores are banking on to help boost revenue as the year comes to a close. “So far, [our holiday] sales have […]
Rodo owners Gianni and Maurizio Dori have been appointed with the Knighthood of the Order of Merit of the Italian Republic. One of Italy’s highest recognitions, the Order of Merit of the Italian Republic is bestowed upon individuals for “merit acquired by the nation” in the fields of literature, the arts, economy, public service, and social, philanthropic and […]
Gift giving season is officially underway, so you’re likely on the hunt for a gift that’s just as special as the woman in your life. If you’re stumped on finding a great gift for the woman who has everything, or looking for a standout item she’ll actually use and appreciate in the new year, FN editors have […]
Wolverine Worldwide on Monday announced new deals meant to cut costs and continue the ongoing transformation of its business. Among these moves include a new licensing model for the company’s Merrell and Saucony brands in China as well as a deal to sell its Asia-based leathers business. “We’ve taken fast, bold, and decisive actions to stabilize the company today, while working to […]