SGB Executive Footwear

EXEC: Coats Group to Acquire OrthoLite in Move to Reshape Footwear Components Market

The London-based thread manufacturer reached a definitive agreement to acquire U.S.-based footwear insole maker OrthoLite for $770 million, including debt. The acquisition is reportedly designed to “accelerate the London-based thread manufacturer’s ambition to become a leading supplier of materials to the footwear industry.”

EXEC: Li Ning Posts LSD Growth in China Retail Sales in Second Quarter

The Offline channel, which includes retail and wholesale, registered a low-single-digit increase. Retail (direct operation) declined by mid-single digits, while Wholesale (franchised distributors) increased by low-single digits. The E-commerce channel registered mid-single-digit growth.

EXEC: Top Asia FW Factories See Improving Shipment Trends in June 2025

Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, saw manufacturing revenues decline 3.1 percent year-over-year (y/y) in June after cratering 23.4 percent in May. Yue Yuen Manufacturing increased 9.4 percent y/y in June after increasing just 0.5 percent y/y in May.

EXEC: Le Coq Sportif Sold in Bankruptcy Proceedings

A group led by Franco-Swiss entrepreneur Dan Mamane, have committed to investing an initial €70 million (US$82.1 million) into the company to revive its growth. Alexandre Fauvet, a former executive vice president at Lacoste and previously the chief executive of skiwear brand Fusalp, will serve as Le Coq Sportif’s new CEO.

EXEC: Former Brooks CEO Jim Weber Highlights Key Leadership Traits

At a keynote session held during Switchback Spring, which took place from June 16-18 at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee, Jim Weber, former CEO of Brooks Running, listed focus, curiosity and trust as his “winning” trifecta formula for leadership success.

Onitsuka Tiger Opens Flagship in Paris

Set within the historic Travellers Paris building at 25 Avenue des Champs-Élysées, the store spans two levels and features Tiger Yellow accents, raw concrete, and vibrant yellow glass. The ground floor houses Café Onitsuka Tiger a takeaway destination serving food and beverages.

EXEC: Trump Announces New Trade Deal with Vietnam

The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.