Investment
Resale platform WeTheNew raises 20 million US dollars
The French-based platform specializing in sneakers and streetwear has closed a 20 million euros round of series B funding. This funding will be used to expand the platform's presence abroad
Yue Yuen to invest 276 million USD in a factory in India
The Hong Kong-based group has entered into a memorandum of understanding with the government of the state of Tamil Nadu to build a manufacturing facility in India
Deichmann to invest 500 million euros by the end of the year
The shoe retailer plans to invest 500 million euros in 2023 to modernize its store network and open new ones, as well as to boost its international expansion, digitization and logistics capability
VF Corp closes second green bond
The US-based company announced that it has closed a second green bond offering of 500 million euros to support further key sustainability initiatives
Vapesol announces new investment
The Portuguese producer of footwear soles announced an investment in a new pavilion to optimize its response capability. The goal is to reach an annual production of 5 million soles
Portuguese JAK secures foreign investment
Maisons Julien et Kelly Dassault (MJKD) has formalized a seed investment in the Portuguese unisex sneakers company to support its internationalization efforts
Sportswear brand Castore plans to secure capital injection
The Manchester-based sportwear brand is working with the multinational investment bank Rothschild to raise around 200 million US dollars to fund its expansion
Portuguese footwear invests in a new generation of products
The Portuguese footwear cluster aims to be an international benchmark in the development of sustainable solutions. With that in mind, 50 new products "with a better ecological footprint" are in the pipeline for the next three years
Simona Tanning and Teh Chang Tannery combine forces
The two tanneries have announced a joint venture, which will be called Simona TC Company, to develop their operations in China, Vietnam, and Bangladesh, with focus on the footwear business
Mizuno's Innovation Centre in full swing
After three years since the announcement of the investment, the Osaka-based sportswear company reported that its Innovation Centre, called Mizuno Engine, is now operating
Dior buys prints and manual finishings on leather specialist Art Lab
According to the Milanese business newspaper Il Sole 24 Ore, the Parisian-based House has acquired the Tuscan company specialized in prints and handmade finishings on leather
Recycled footwear foam maker Blumaka starts producing in Central America
The Californian-based producer of footwear components has signed a lease on a manufacturing facility in El Salvador to expand production and provide US shoemakers with a closer production option
US footwear industry expects sales to decline
According to the Footwear Distributors & Retailers of America (FDRA), the footwear industry is pulling back on hiring and investment due to a major forecast of weaker sales for the next six months
Gap and Athleta invest in the footwear and apparel start-up Saysh
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix
Kohl’s in talks to be bought by Franchise Group
The American-based department store chain has entered into exclusive negotiations with Franchise Group for a period of three weeks. Franchise proposed to acquire the retail chain for 60 US dollars per share-
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