The administrator of insolvent retailer Arcandor AG has decided to liquidate the group's German mail-order business, Quelle Deutschland, due to a lack of investors, Klaus Hubert Goerg said in a statement.
The European Commission has proposed extending anti-dumping duties on EU imports of Chinese and Vietnamese shoes for at least 15 months in a compromise to appease Beijing and global shoemakers, a document showed.
“We are in a phase of redefinition of our style,” said Mario Moretti Polegato, the president and founder of Geox. He was not lying, and the proof can be seen in this limited edition line, the Empire State Building special.
The European Commission has yet to decide whether to extend or scrap anti-dumping duties on imported Chinese shoes, a spokesman said, denying that the EU executive had already opted for a two-year extension.
The European Commission is expected to propose next month extending anti-dumping duties on imports of Chinese-made shoes for two years instead of the normal five-year period, diplomatic and industry sources said.