News
New CEO at Dr. Martens as the outlook for FY25 worsens
The British footwear company has announced that Ije Nwokorie, currently Chief Brand Officer, will succeed Kenny Wilson as CEO, while admitting that the outlook for fiscal 2025 is challenging
US apparel and footwear industries call for 16-year AGOA extension
The AGOA trade programme, which grants duty-free access to the US market by eligible countries in sub-Saharan Africa, is currently set to expire in September 2025
Zara and H&M allegedly linked to illegal deforestation, land grabbing and violence
NGO Earthsight has accused H&M and Inditex of allegedly using cotton linked to land grabbing, illegal deforestation, violence, human rights violations and corruption in Brazil
Slow start to 2024 for LVMH
Amid a slowdown in demand for luxury and a challenging geopolitical and economic environment, the French-based luxury group has reported a 3% rise in revenue in the first quarter of 2024
Vietnam retains second spot in global footwear exports in February
Vietnam remained the world’s second-largest exporter of footwear after China in February, with a turnover of 1.17 billion USD, according to figures released by the General Department of Customs
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Luxury hit the brakes in 2023
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand
Calçado Penha makes its debut at ModaLisboa
The Portuguese footwear company, which specialises in the production of high-quality men’s footwear, made its debut on a Fashion Week catwalk with the BÉHEN brand
Puma launches first global campaign in 10 years
The German-based sportswear company has recently launched the “See The Game Like We Do: FOREVER. FASTER.” campaign to reinforce its positioning as “the fastest sports brand” in the world
Golden Goose posts double-digit growth
Ahead of its initial public offering (IPO), the Italian-based luxury brand, known for its Superstar sneakers and distressed styles, has posted an 18% year-on-year net sales growth in 2023
New deputy CEO for Gucci
Kering, the French-based luxury group that owns Gucci, has appointed Stefano as deputy chief executive officer of the Italian house. The move comes amid efforts to revive Gucci
Uniqlo owner posts robust first half
The Japan-based Fast Retailing has reported a “record” first half revenue of 1.60 trillion yen (9.77 billion euros), up by 9.0% year-on-year, mainly due to a strong performance from Uniqlo overseas
Bangladeshi leather footwear exports continue to fall
The downward trend continues. Bangladesh’s leather footwear exports fell by around 27% year-on-year in the nine months to March 2024, leading to a decline in the overall leather exports
Ted Baker UK to close 15 stores and cut nearly 250 jobs
Ted Baker is to close 15 of its stores across the UK within weeks and make 245 store and head office jobs redundant. The brand’s UK and Europe arm went into administration last month
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