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☆ She grew up helping her grandparents run a shoemaking shop. In college, she came up with a plan to save it.
▼ + stars: | 2024-06-19 | by ( Faye Bradley | ) www.businessinsider.com time to read: +6 min

Miru Wong with her grandfather Wong Tat-wing at the original Sindart shop. The cheapest pair is made without embroidery and costs 99 Hong Kong dollars, or $12. Wong says most of the materials — including nylon, silk, satin, and brocade — are sourced from Hong Kong, Japan, and Europe. AdvertisementOthers feel that more can be done in order to pass down the skills in Hong Kong. "Rising labor costs in Hong Kong also make it difficult for traditional shoemakers to maintain profitability," Cho said.

Persons: —, Miru Wong, Hong, Wong Tat, Wong, Wong reguarly, she's, shoemakers, Erin Cho, Cho, Lindsay Varty, Varty Organizations: Service, Polytechnic University, Business, Hong, HK, Hong Kong Polytechnic University's School of Fashion, Textiles, Social, Sunset Locations: Hong Kong, Japan, Europe

☆ How the super rich ship their cars
▼ + stars: | 2024-06-05 | by ( Simon Usborne | ) edition.cnn.com time to read: +6 min

Hallworth's business, Dan Car Logistics, ships more than 100 flash cars a year. If anything, he says, the flow of wheels has reversed; he’s often transporting cars from London to Dubai for people travelling or doing business there. December was the busiest month, and the biggest destinations for cars leaving the UAE were Frankfurt, Zurich and Chicago. Some of Hallworth's clients have been put off storing cars in cities like London. “We always want the owner’s ID, the registration documents of the cars and to get a feel of the customer,” he says.

Persons: Naran, ”, Daniel Hallworth “, he’s, “, ” Dan Hallworth, Daniel Hallworth Hallworth, Hallworth, ” Mercedes, Chiron, Daniel Hallworth, “ I’ve, “ It’s, I’m Organizations: CNN, Porsche Carrera GT, Private Jets, Porsche, London Volkswagen, Dan Car Logistics, Cape Town, Samsung TV, Nissan, Bugatti, London . Newspapers, Police, Etihad Cargo, UAE, Daniel Hallworth Etihad Locations: Zimbabwe, Dubai, London, Los Angeles and New York, Emirates, hatchbacks, Cape, Manchester, England, East, Harrods, Los Angeles, Marbella, Spain, Qatari, Heathrow, Abu Dhabi, Frankfurt, Zurich, Chicago

☆ How Adidas, Asics, and other shoemakers deal with waste
▼ + stars: | 2023-11-08 | by ( Kevin Reilly | Manuel Silva-Paulus | ) www.businessinsider.com time to read: 1 min

More than 50 billion shoes are made every year. The biggest manufacturers, like Nike, Adidas, and Asics, make them durable enough to run hundreds of miles. But this also makes them incredibly expensive and difficult to recycle. Now, one Dutch company, FastFeetGrinded, has developed a method to combat waste while the industry searches for more sustainable materials.

Organizations: Nike, Adidas

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsNEW YORK, Oct 10 (Reuters) - German premium footwear maker Birkenstock Holding (BIRK.N) priced its U.S. initial public offering (IPO) at the middle of its indicated price range at $46 per share, the company said on Tuesday. While shares of Arm and Klaviyo still trade above their IPO price, Instacart's stock is now worth less than its IPO value. Birkenstock was founded in 1774 in the German village of Langen-Bergheim by Johannes Birkenstock and his younger brother Johann Adam Birkenstock, who were both shoemakers. After the IPO, L Catterton will hold an 82.8% stake in Birkenstock and control a majority of the combined voting power of its outstanding shares. Birkenstock's shares will start trading on Wednesday on the New York Stock Exchange under the ticker "BIRK".

Persons: Fabrizio Bensch, Birkenstock, Johannes Birkenstock, Johann Adam Birkenstock, Barbie, Margot Robbie, Bernard Arnault, Louis Vuitton Moet Hennessy, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Anirban Sen, Echo Wang, Dimpal Gulwani, Lisa Shumaker Organizations: REUTERS, Birkenstock, underwriters, Arm Holdings, New York Stock Exchange, JPMorgan, Thomson Locations: Berlin, Germany, Langen, French, Birkenstock

☆ Analysis: Birkenstock is now an $8 billion company
▼ + stars: | 2023-10-10 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

CNN —It’s official: Birkenstock will be making its debut on the New York Stock Exchange tomorrow under the ticker symbol BIRK. The beloved cork-soled shoemaker priced its initial public offering tonight at $46 a share, making Birkenstock an $8.6 billion company. OK but is Birkenstock really worth $8.6 billion?! For right now, Birkenstock is essentially saying it thinks it is an $8.6 billion company. But after Birkenstock makes its debut tomorrow regular people like you and me can get in on the action.

Persons: CNN Business ’, CNN —, Nightcap, Birkenstock Organizations: CNN Business, CNN, CNN — It’s, New York Stock Exchange

Birkenstock would end up raising $1.58 billion at the top of the range. While shares of Arm and Klaviyo still trade above their IPO price, Instacart's stock is now worth less than its IPO value. This helps explain why Birkenstock is not inclined to raise its IPO price range despite the strong initial investor demand. To leave less to chance, Birkenstock launched the roadshow for its IPO last week with some investors lined up. Birkenstock was founded in 1774 in the German village of Langen-Bergheim by Johannes Birkenstock and his younger brother Johann Adam Birkenstock, who were both shoemakers.

Persons: Birkenstock, Financière Agache, Johannes Birkenstock, Johann Adam Birkenstock, Barbie, Margot Robbie, Bernard Arnault, Louis Vuitton Moet Hennessy, Anirban Sen, Chris Reese Organizations: Birkenstock Holding, U.S, Arm Holdings, Nike Inc, Partners, Norges Bank Investment Management, Thomson Locations: New York, Langen, French, Birkenstock

☆ Athleisure is everywhere. Here are the stocks benefiting from a growing love of comfortable clothing
▼ + stars: | 2023-08-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Though studies on the topic are hard to come by, anecdotal evidence points to a continued love for casual and comfortable items exiting the pandemic. The two stocks have diverged this year: Lululemon shares have advanced nearly 20%, while Nike shares have slid 7%. The majority of Wall Street views the stock favorably, with more than 70% of analysts rating it a buy or strong buy, according to Refinitiv. Deckers' shares are up 39% in 2023. DECK 5Y mountain Deckers shares over the last half decade Analysts see more upside ahead.

Persons: comfort's, Simeon Siegel, Ashley Owens, ONON, BMO's Siegel, Cowen's John Kernan, Baird, Jonathan Komp, Bank of America's David Roux, Roux, Hoka, Raymond James, Rick Patel, Patel, Jay Sole, Sole, — CNBC's Michael Bloom Organizations: Wall Street, BMO Capital Markets, Companies, Street, Lululemon, Nike, Bank of America's, UBS

☆ Allbirds is trying to win back Silicon Valley with a weird sock shoe
▼ + stars: | 2023-06-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The jumbo logo badge serves a key role in offsetting the shoe's carbon impact, the company said. AllbirdsLike every aspect of the shoe however, the company said the badge serves an important function in attaining a net-zero carbon rating. A typical pair of running shoes generate about 30 pounds of CO2. AllbirdsWith the M0.0nshot, Allbirds said it takes this number down to zero, which is why "0.0" is featured in the name of the shoe. The company hasn't shared pricing, but interested sneakerheads can sign up on Allbird's website to the the first to know.

Persons: Allbirds, Tim Robinson's, Tom Nikic, Jamie McLellan, We've Organizations: Service, bros, Global Fashion, MIT, Adidas, Wedbush Securities Locations: Copenhagen

☆ Argentine shoemakers and tailors buckle under 109% inflation
▼ + stars: | 2023-05-17 | by ( Horacio Soria | ) www.reuters.com time to read: +3 min

Argentina is battling one of the highest inflation rates in the world, with prices growing faster at any time since 1991, raising the specter of hyperinflation and full-blown economic crisis. What it meant for small businesses like his, he said, was supplier prices changing almost daily. The clothing and footwear sector experienced the highest monthly inflation of all categories in April at 10.8%, data from statistics agency INDEC show. In a clothing market in the capital, traders pointed to higher import prices, given volatile exchange rates. "I never used to fix clothes, but people fix clothes now because they cannot afford to buy them."

CompaniesCompanies Related documents Hermes International SCA FollowSkechers USA Inc FollowApril 26 (Reuters) - French luxury fashion house Hermès International SCA (HRMS.PA) has settled a lawsuit brought by Skechers USA Inc (SKX.N) that claimed Hermès sneakers infringed Skechers' patent rights, according to a Wednesday filing in Manhattan federal court. Representatives for the companies did not immediately respond to requests for comment and additional details. Manhattan Beach, California-based Skechers sued Hermès last year, alleging its Eclair and Envol sneakers infringe two Skechers design patents covering the undulating "Massage Fit" soles in its "Go Walk" walking shoes. Skechers said the soles of Hermès' shoes were "substantially the same" as its soles and requested an unspecified amount of money damages. Skechers has also sued Fila, Reebok, Steve Madden and other shoemakers in the past for infringing "Go Walk" design patents, in cases that later settled.

☆ How a 34-year-old Ukrainian founder created scrappy business opportunities amid the chaos of war
▼ + stars: | 2023-02-25 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Alina Kachorovska has kept her business afloat thanks to scrappy opportunities amid the war. She's made boots for Ukrainian soldiers and focused on international expansion to sustain the brand. Kachorovska, which relied heavily on domestic direct-to-consumer sales before the war, felt a major impact from the displacement of Ukrainians. Opportunities during wartimeKachorovska employees worked from the factory to produce boots and shoes amid the war. Kachorovska first dreamed of taking her brand international six months before the war with Russia began, she said.

☆ How bespoke dress shoes are made by hand and why they can cost £5,000
▼ + stars: | 2023-02-06 | by ( Clancy Morgan | ) www.businessinsider.com time to read: +1 min

Bespoke shoes are designed to perfectly fit your feet. A handmade pair can take months to make and can cost over £5,000. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyHandmade bespoke dress shoes take months to make. One pair can cost over £5,000. So, why would someone buy bespoke dress shoes?

☆ Luka Doncic: NBA superstar prefers chess to Twitter
▼ + stars: | 2022-11-17 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

“I just play chess on my phone,” said the Dallas Mavericks star. After his game-winning performance against the Boston Celtics in February 2021, Doncic was asked how he chooses how to dissect a defense. “It’s like playing chess: you’ve got to take your time and see the moves,” he told TNT after his 31-point performance. A quick scroll through Doncic’s blue tick verified Twitter account sees him celebrating the first basketball court built in Europe by an NBA team – his Mavericks team built a court in his homeland of Slovenia. The 26-year-old looks to be devoted sneakerhead, as he thanks on Twitter many of the shoemakers and sponsors he’s had in recent weeks.

☆ India's first fully solar village lights up the lives of poor residents
▼ + stars: | 2022-11-01 | by ( Sunil Kataria | ) www.reuters.com time to read: +3 min

[1/3] Solar panels are installed on the rooftops of residential houses in Modhera, India's first round-the-clock solar-powered village, in the western state of Gujarat, India, October 19, 2022. Now, however, his machine moves on solar power as earlier this month Prajapati's village of around 6,500 residents, consisting mainly of potters, tailors, farmers and shoemakers, was declared India's first village to run entirely on solar energy all the time. The government buys excess energy produced here from residents if they do not use all of the capacity allotted to the households. For Reena Ben, 36, a housewife, who also works as a tailor part time, the solar power has hugely aided her work. "When we got access to solar power, I bought an electric motor worth 2,000 rupees ($24) to attach to the sewing machine.

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