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Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens. Nike said StockX’s NFTs infringe its trademarks…
Vans shoe maker VF Corp cut its full-year revenue forecast on Friday as it struggles with material shortages, labor issues at factories, and a slump in sales in China due to COVID-related lockdowns, sending its shares down over 6 percent. Fresh pandemic…
Changshin Vietnam, a South Korean shoemaker, became the second major Nike supplier to suspend production in Vietnam as it shut three of its factories near HCMC on Thursday due to a coronavirus outbreak. The factories in Dong Nai province, which employ nearly…
Over 18,000 workers of Pou Sung Vietnam were temporarily suspended due to a worker having close contact with a suspected Covid-19 case. Health authority found the wife of a suspected Covid-19 case working at the Dong Nai-based firm with 27,000 employees. The…
Havaianas’ global expansion — prioritizing Europe, China, and the U.S., in addition to Brazil — remains on a strong path. The world market leader in open footwear delivered revenue growth in all regions, including distributors. Outside Brazil, net revenues in…
Prices of some Chinese limited edition sneakers soared among collectors and speculators following calls for local consumers to boycott global brands that have said they don’t source products or yarn from China’s western Xinjiang region. Nike and Adidas came…
Athletic shoe maker Nike Inc on Monday sued a New York-based company that produced “Satan Shoes” purported to contain a drop of human blood as part of a collaboration with “Old Town Road” rapper Lil Nas X. Nike said in the lawsuit that the company, MSCHF…
Li Ning, the gymnast-entrepreneur who lit the Olympic flame during China’s 2008 Games, has bought control of one of Britain’s oldest shoe producers, extending the global shopping spree by Chinese companies for famous international brands. Viva China Holdings,…
The British footwear brand Dr. Martens is planning a £3bn flotation, more than 60 years after its first pair of boots were stitched together in Northamptonshire. Best known for its 1460 boot featuring its trademark yellow stitching and chunky soles, the…
Foot Locker’s Orchard Road flagship has been forced to suspend business due to breaching the Singapore government’s Covid-19 safe management measures. The suspension was enforced as the retailer conducted a product launch which drew huge crowds outside the…
The brand has held a Royal Warrant with Prince Charles since 1989 and was recently visited by the Prince of Wales to celebrate its 190th anniversary with a commemorative plaque. It manufactures its leather shoes and boots in a factory in Northampton, a town…
Footwear brand Bata in planning to launch 100 new stores in India against the backdrop of the coronavirus pandemic. The openings are part of the firm’s plans to have 500 more outlets operating by 2023 in the territory above its current 1500 stores. The move…
Christian Louboutin has opened a new boutique in Landmark Prince’s, at Hong Kong’s Central. Inspired by the brand’s first boutique in Galerie Vero Dodat, the store facade features red-tiled walls with “petroleum-blue ceramics” and a Christian Louboutin neon…
Skechers China sales growth has fuelled optimism for the shoe brand after it reported a huge slump in sales for the June quarter due to stores being closed in other regions under Covid-19 lockdowns. The company reported group-wide sales of US$729.5 million, a…
Christian Louboutin has opened its first boutique in Macau, at the Shoppes at Four Seasons. Located on the second floor of the shopping center, the Christian Louboutin Macau boutique’s design was inspired by the founder’s neoclassical apartment in Paris. The…
As a global leader in shoes, Bata feels a special responsibility towards all its stakeholders including the communities in which it operates across countries and regions. This is why Bata commits to donate 1 million pairs of shoes to frontliners and their…
