Birkenstock is in advanced takeover negotiations with investment group CVC Capital. For 4 billion euros, the 250-year-old sandal brand may become a sister of luxury watch brand Breitling.
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Italian shoes and clothing brand Geox is going to close about eighty stores in the coming years, fifty of which are in Europe. Last year the Italian retailer’s net loss increased five-fold to almost 25 million euros.
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Famous British footwear designer Terry de Havilland has died at the age of 81. His creations were worn by stars like Amy Winehouse, Marianne Faithfull, David Bowie, Cher and Kate Moss.
Dutch shoe chain Omoda is to open a Danish web shop before the end of the year, expanding to Finland, Norway and Sweden in 2020.
French sneaker retailer Courir is coming to Belgium with its own stores. The first two outlets will be opened in Brussels, more precisely in City 2 and at the Elsensesteenweg.
The popularity of vegan or plant-based products is growing fast in retail: research from the UK indicates that the number vegan products in webshops increased by more than 75 % last year, while over half of all newly launched cosmetics products are purposefully plant-based and animal-friendly.
VanHaren has lost its legal dispute with designer brand Christian Louboutin: the European Court has decided the Dutch shoe chain is not allowed to use red soles in its shoes as Louboutin holds the exclusive rights.
Sneaker brand Vans has accused Primark of plagiarism. Since 2017, the Irish clothing discounter has been distributing two pairs of sneakers that look a lot like Vans' famous skaters' shoes.
Belgian shoe store chain Schoenen Torfs has seen its turnover grow 7.6 % in 2017, but the company had to admit to a 9 % decrease in net profit. CEO Wouter Torfs aims for further growth online, in Wallonia and through cooperation with sneaker chain The Athlete’s Foot.
Ecco can look back on 2017 as its best financial year ever. The Danish shoe brand, known for its “follow the foot” philosophy, exceeded its own expectations thanks to an 8 % growth.
Lifestyle brand Nike generated an 8.6 billion dollar (7.3 billion euro) second quarter turnover, 5 % more than last year’s second quarter. North American turnover is still under pressure however.
Berlin-based sneaker pioneer Solebox opened a store in the Anspachlaan in Brussels last Saturday. The exclusive sneakers are now being sold in a former bank location, the fifth European store in the chain.
Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.
Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.
The attorney general at the European Union’s Court of Justice has written an advice saying that according to him, the Louboutin brand’s red shoe sole cannot be registered as a trademark.
Shoe chain Foot Locker’s first quarter turnover grew 0.7 % to 2 billion dollars (1.8 billion euro), but its net profit did drop from 191 to 180 million dollars (160 million euro).