Latest news with #OrthoLite
Daily Record
3 days ago
- Lifestyle
- Daily Record
Timberland's 'most comfortable sandals ever' are in the sale and shoppers 'love' them
One shopper loved their 'great level of support' With summer now in full flow, we're all on the hunt for that ideal pair of sandals to see us through the scorching weather in style. Whether you're jetting off on your holidays or simply planning family trips to the seaside, sandals are essential for keeping your feet fresh and comfortable during your summer adventures. That's where Timberland might just become your ultimate go-to, especially since the renowned footwear brand currently has a summer sale one. And this pair of Malibu Waves Backstrap Sandals have been hailed as "the most comfortable sandals ever" by customers who've completely fallen for them. What's even better is they're now available with a substantial £27 reduction. Available in two fashionable colour options - classic black and elegant tan brown - and offered in an extensive size range from 2.5 to 9, these sandals would typically cost you £90, but are presently on offer for the discounted price of £63 - a 30 per cent saving. Crafted from Premium Timberland Leather, these sandals bring a touch of upmarket sophistication to any outfit. They ensure your feet remain both comfortable and stylish throughout the warmer months, reports the Mirror. Designed to be elegant, hard-wearing, and prepared to accompany you everywhere, these sandals deliver both adaptability and practicality. Featuring a side buckle to guarantee an ideal and snug fit for your individual feet, the shoes include OrthoLite footbeds that ensure moisture management, allowing you to say farewell to clammy feet that make you slip about whilst walking in hotter conditions. They also boast long-lasting cushioning and a synthetic lining that guarantees comfort without compromising on style. Additionally, the EVA rubber outsole and insole deliver extra support and versatility across any surface, whether you're navigating busy streets or tackling sandy hills, these shoes pledge to see you through effortlessly. Fashion deal of the week New Balance has just launched a massive sale ahead of the summer, with up to half-price off. Hate that break in period with stiff footwear? Then look no further than the Unisex RC42 Shoes, said to be "comfy straight out of the box", that have been reduced from £90 to just £45, saving shoppers 50 percent off the original asking price. Featuring the classic minimalist silhouette that can be worn with everything from denim jeans to leggings, these trainers have been particularly designed for those with an active lifestyle. Crafted from a "lightweight" suede/mesh construction, they boast a low profile that is suitable for those who spend long periods of time on their feet, while the a padded tongue and cushioned rubber sole ensure all day comfort. Finished with the classic signature 'N' branding on the side, the half-price discount covers two colours - granite with white and linen with sea salt. As of writing, sizes range from a four through to nine, including a few half-sizes. Shoppers can't stop praising the New Balance RC42 Shoes, as they have earned a 4.2 rating and glowing reviews for their "comfortable" design that means they "don't even have to break them in." One five-star review read: "Very cute and comfortable right out of the box. On trend and has a somewhat cushioned midsole—perfect for wearing all day." For those seeking different options, Marks and Spencer currently stocks these Malibu Waves Leather Ankle Strap Sandals at £56. Alternatively, at FitFlop, you'll discover these GRACIE Leather Back-Strap Sandals on offer for the marginally steeper cost of £100. One customer who snapped up a pair of Malibu Waves sandals said: "Excellent, with a great level of support and suppleness. The leather straps are super comfortable and look surprisingly elegant once the sandals are worn." Meanwhile, another buyer added: "Lovely comfy sandals, true to size. I am a size 6 and have wide feet and fit perfectly." However, someone else took issue with the sizing. They said: "I was quite disappointed. The sandal is lovely but it was too small. I am a size UK 6 and these were more like a 5. I would suggest going a size up at least. They were considerably smaller than my other Timberland sandals." But another satisfied shopper revealed they had gone back for more. They wrote: "My purchase was all about comfort as I have Plantar fasciitis, they are comfy and I am able to walk pain free, so much so I purchased a second pair in a different style/colour the colour of these I like but is more dark grey/navy." And someone else added: "The most comfortable sandals ever. Just take one size bigger than usual." You can snap up these Malibu Waves sandals from Timberland for £63 whilst this offer continues, or pop over to Daniel Footwear, where the identical pair is available for £60.
North Wales Live
3 days ago
- Lifestyle
- North Wales Live
Timberland's 'most comfortable sandals ever' hit the sale with £30 off
With summer now fully upon us, we're all hunting for that ideal pair of sandals to see us through the warmer months with flair. Whether you're jetting off on your holidays or simply organising family trips to the seaside, sandals are essential for maintaining cool and comfortable feet during your summer adventures. That's precisely where Timberland might become your go-to choice. Currently featured in the renowned brand's summer sale, these Malibu Waves Backstrap Sandals have been hailed as "the most comfortable sandals ever" by customers who've completely fallen for them. What's even better is that they're now available with a substantial £30 reduction, reports the Mirror. Available in two colour options - black and tan brown - and offered in an extensive size range from 2.5 to 9, these sandals would typically cost you £90, but are now on offer for the discounted price of £63 whilst this promotion continues. Crafted from Premium Timberland Leather, these sandals bring an element of upmarket sophistication to any ensemble. They ensure your feet remain both comfortable and stylish throughout the sunny season. Designed to be elegant, hard-wearing, and prepared to accompany you everywhere, these sandals deliver both adaptability and practicality. Featuring a side buckle to guarantee an ideal and comfortable fit tailored to your individual feet, these shoes include OrthoLite footbeds that ensure moisture management, allowing you to bid farewell to sweaty feet that cause you to slip about whilst walking in the hotter weather. These sandals boast durable cushioning and synthetic lining that guarantees comfort won't be compromised for fashion. Additionally, the EVA rubber outsole and insole deliver extra support and versatility across any surface, from pavement crossings to sandy slopes - these shoes pledge to see you through with remarkable ease. For those seeking different options, Marks and Spencer currently stocks these Malibu Waves Leather Ankle Strap Sandals at £56. Meanwhile, at FitFlop, you'll discover these GRACIE Leather Back-Strap Sandals priced at the somewhat steeper £100. The Timberland Malibu Waves Backstrap Sandal has received four out of five stars and 112 reviews. One customer who snapped up a pair of these coveted sandals remarks: "Excellent some with a great level of support and suppleness. The leather straps are super comfortable and look surprisingly elegant once the sandals are worn." Another adds: "Lovely comfy Sandles, true to size. I am a size 6 and have wide feet and fit perfectly." A third customer notes: "My purchase was all about comfort as I have Plantar fasciitis, they are comfy and I am able to walk pain free, so much so I purchased a second pair in a different style/colour the colour of these I like but is more dark grey/navy." Further acclaim arrives from this purchaser who suggests: "The most comfortable sandals ever. Just take one size bigger than usual."
Yahoo
3 days ago
- Business
- Yahoo
Coats Group PLC (CGGGF) (H1 2025) Earnings Call Highlights: Record Profit Margins and Strategic ...
Revenue: $705 million, up 2% at constant currency. EBIT: $140 million, up 7% at constant currency. Adjusted EBIT Margin: Increased by 100 basis points to 19.8%. Free Cash Flow: Increased from $39 million to $54 million. Net Debt: $430 million with leverage of 1.4 times. Apparel Revenue: $381 million, up 3% on a constant currency basis. Footwear Revenue: $199 million, up 1% on a constant currency basis. Performance Materials Revenue: Declined 2% to $125 million on a constant currency basis. Interim Dividend: $0.01, an increase of 7.5% compared to the same period last year. Warning! GuruFocus has detected 7 Warning Signs with FRA:S0A. Release Date: July 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Coats Group PLC (CGGGF) reported a record profit margin of 19.8%, achieving their medium-term target ahead of schedule. The acquisition of OrthoLite, a leader in insoles, is expected to enhance growth and profitability, with OrthoLite holding a 36% market share in its segment. Sales of recycled thread increased by 73% year-on-year, demonstrating strong growth in sustainable product lines. Free cash flow generation improved significantly from $39 million to $54 million, indicating strong cash management. The company identified $20 million in cost synergies from the OrthoLite acquisition, expected to be fully realized by 2028. Negative Points There was a deceleration of orders since April due to uncertainty about US consumer confidence, impacting overall sales momentum. The exit from the North America yarns business, while beneficial for margins, indicates a strategic retreat from certain markets. Uncertainty around US tariffs has led to cautious ordering from brands, affecting short-term revenue visibility. Performance materials revenue declined by 2% due to ongoing issues in some US markets, including destocking by telecommunication customers. The integration of OrthoLite will require careful management to avoid disrupting top-line growth, with synergies phased over three years. Q & A Highlights Q: Can you provide background on the decision and timing of the Ortholite acquisition given current market uncertainties? A: David Paja, CEO: We've been tracking Ortholite for about two years, and management engagement has been ongoing for over 18 months. The acquisition process was initiated by Ortholite's private equity owner earlier this year. Despite market uncertainties, we believe the footwear space offers attractive growth and profit potential, and Ortholite, as a market leader, is well-positioned for medium-term growth. Q: Can you explain the Circle technology and the decision for a 5% royalty on future sales? A: David Paja, CEO: Circle technology addresses the midsole space in footwear, offering disruptive performance and sustainability. Given its early stage, we opted for a 5% royalty on future sales rather than upfront valuation. This arrangement allows us to handle potential future upside sensibly. Q: What are the current trading trends for Ortholite, and how are they impacted by tariffs? A: David Paja, CEO: Ortholite has shown strong performance, growing around 15% year-on-year in the first half. This is driven by increased penetration of their open-cell foam technology and a favorable mix shift to higher-priced molded insoles. Despite market uncertainties, we've taken a cautious view on future performance, not extrapolating the first half's growth. Q: How does the acquisition of Ortholite change Coats' go-to-market strategy with brands? A: David Paja, CEO: The acquisition enhances our credibility as a super Tier 2 supplier. Ortholite's extensive brand relationships complement our existing portfolio, offering cross-selling opportunities. We will leverage their brand intimacy and our operational excellence to drive innovation and improve manufacturing processes. Q: Can you elaborate on the sustainability advantages of open-cell technology over EVA? A: David Paja, CEO: Open-cell technology offers superior environmental benefits due to its chemistry and high levels of recycled content. It provides better breathability and cushioning, making it suitable for athletic applications. This technology is more sustainable than EVA, which faces significant environmental challenges. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Coats Group to Buy OrthoLite for $770 Million
Coats Group plc wants to expand its positioning as a supplier in footwear components. The British multinational company inked a deal to acquire premium insole leader OrthoLite Holdings LLC. The transaction, expected to close in the fourth quarter, has an initial enterprise value of $770 million — subject to certain projections such as cost synergies by 2028 and a contingent payment of up to $10 million based on potential EBITDA (earnings before interest, taxes, depreciation and amortization) performance in 2025. More from WWD Tariffs Give Parents Back-to-School Shoe Anxiety Trump Trade Deal Revealed: Indonesia Shoe Imports to US Will Face 19 Percent Tariff Rate EXCLUSIVE: Diesel and Melissa Team on Futuristic Footwear Collection With Genderless Sneaker and More Styles The deal would accelerate Coats' strategy for its Coats Footwear division to become a 'super tier 2' supplier in footwear components through its entrance into the fast-growing open-cell premium insole market. The acquisition include OrthoLite and Cirql. Ortholite, founded in 1997 by Glenn Barrett, is the global market leader in open-cell foam insoles with a 36 percent market share. The segment is considered to have strong tailwinds for growth due to the open-cell technology's superior benefits in comfort, performance and sustainability. Ortholite supplies over 500 million pairs of insoles each year to 500 brand customers. It has more than 310 co-branding agreements, as well as a strategically located global footprint of 14 production facilities. Cirql has a newly developed proprietary foam technology targeting the midsole market, using a biodegradable or fully recyclable offering. The technology, secured by over 80 patents, is in the early stages of commercial development, with over $30 million invested to date by its previous owners. Coats said it will further develop the commercialization plan, with the estimated costs to deliver the business to profitability deducted from the consideration paid to the seller. Ongoing costs are expected to be $1.5 million per quarter, with a break-even position expected to be achieved in 2026. 'The combination of Coats and OrthoLite is fantastic news for both companies and for the footwear industry. It brings together two global leaders in adjacent segments of the footwear components sector with a shared vision for innovation and sustainability and with unparalleled brands and customer relationships,' Coats CEO David Paja said. 'We look forward to working with Glenn Barrett and the OrthoLite team, leveraging our combined strengths to reshape the future of the footwear components industry.' 'This alliance forms a powerful partnership of industry leaders to provide a platform for OrthoLite and Cirql to continue to serve our customers with the most innovative and sustainable components in the world,' Barrett said. Coats said it plans to fund the acquisition through a combination of new debt facilities with its existing lenders and proceeds from an equity placement of up to 19.99 percent of issued shares. It said it also plans a new offering of common stock to retail investors. The company said the acquisition will improve the overall quality of Coats' earnings, shifting the balance toward its high growth, high margin footwear segment. Coats also said that it has identified initial joint annualized cost synergies of $20 million that it expects to achieve by 2028, with additional growth by the merged entities fueled by cross-sell opportunities and the upside potential from Cirql. Trilantic Capital Management in July 2017 acquired its stake in OrthoLite from Blue Point Capital Partners, which made its initial investment in April 2014. Trilantic last year hired William Blair as its banker to explore a sale of the Amherst, Mass.-based insole foam manufacturer. Barrett retains a minority stake in the company. Both private equity transactions were completed in partnership with OrthoLite's management team. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
4 days ago
- Business
- Time of India
UK's Coats Group to buy footwear insole maker OrthoLite for $770 million
British thread manufacturer Coats Group said on Wednesday it would buy U.S.-based footwear insole maker OrthoLite for $770 million, including debt. The deal is expected to deliver $20 million in annual savings by 2028, Coats said. OrthoLite holds a 36% share of the global open-cell foam insole market, supplying more than 500 million pairs a year to around 550 brand customers and has over 310 co-branding agreements. The acquisition is expected to boost Coats' operating profit margin and earnings per share from the first full year of ownership. Coats' footwear division reported 403 million pounds in revenue for fiscal year 2024, according to the company's annual report.
