Companies
Richemont posts strong third quarter
The Switzerland-based luxury group has posted a strong performance in the third quarter, with year-on-year growth of 11%, driven by growth across all segments, regions and channels
JD Sports to enable direct purchases through AI platforms
The sportswear retailer has announced that its US customers will be able to use AI platforms to search for and purchase sports footwear, apparel, and accessories without having to leave the interfaces
Genesco lifts full year adjusted earnings outlook on strong holiday sales
The Nashville-based footwear company has increased its full-year adjusted earnings forecast after achieving strong comparable sales during the holiday season
Saks Global files for Chapter 11 protection
Saks Global, the owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for bankruptcy protection while it works to reduce its substantial debt
Birkenstock forecasts strong first quarter sales despite external headwinds
Despite the impact of a weaker US dollar, the Germany-based footwear company has reported strong preliminary sales figures for the final months of 2025
AI has not yet matured sufficiently to meet the specific needs of the industry
This is one of the key findings from the World Footwear Business Conditions Survey, conducted in October and November 2025. We asked our panel of experts to share their views on the impact of AI in the footwear industry. Here’s what they told us
FAIST Voices: meet Atlanta and JPM
Atlanta is a family-owned business specialising in the production of footwear soles. Its main partner, JPM, focuses on providing technology solutions. Together under the FAIST consortium, they are exploring how to replace labour-intensive processes in the footwear sector with technology
Nike quietly offloads its NFT business
The sportswear company finalised the sale of its virtual sneaker subsidiary, RTFKT, to an undisclosed buyer at the end of 2025, quietly marking its exit from the blockchain-based collectibles market
ABF warns on profits as Primark faces tough start to the year
Associated British Foods has revealed that it expects profits to be lower than last year. Primark has had a challenging start to the year, with improvements in UK trading offset by weakness in continental Europe
LVMH reshuffles leadership at Givenchy
Amadine Ohayon is set to take the reins at Givenchy, replacing Alessandro Valenti. Valenti is leaving after just 18 months to take up a senior position at Christian Dior Couture
Next raises profit forecast on strong Christmas sales
The UK-based fashion retailer has reported strong and better-than-expected Christmas trading results, prompting it to raise its full-year profit forecast
New Generation: Edgar Ferro from Fernando Ferro & Irmão
Edgar Ferro, who has a degree in Business Management, is the second generation to take the helm at the family-owned technology company founded by his father and uncle 25 years ago
Saks Global names new CEO as bankruptcy filing looms
The parent company of Saks Fifth Avenue has announced that Richard Baker will now take the helm, while retaining his role as Chairman. This statement comes after accounts of potential preparations for bankruptcy
Kering formalizes acquisition process of Raselli Franco Group in stages
The France-based luxury group has announced a staged acquisition of jewellery maker Raselli Franco Group. The deal will begin with the purchase of a 20% stake in the first quarter
Footasylum to expand across the Gulf region
The UK-based retailer has partnered with Dubai-based Apparel Group in support of its first major expansion into physical retail outside the UK. This move marks the company’s entry into the Gulf market-
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