France
Retail Flash: insights from key footwear markets
Explore the main retail dynamics across France, Germany, Japan, the Netherlands, the UK, the US and Spain based on our latest Retail Flash reports, highlighting that e-commerce expansion and import pressures continue to reshape retail across Europe, while stronger sales growth occurs in Japan and in the US
Kering Foundation launches research programme on violence against women and children
In partnership with McGill University and the Sexual Violence Research Initiative (SVRI), the Kering Foundation is launching a research programme that addresses the intersection between violence against women and children
Pietro Beccari appointed head of LVMH Fashion group
Pietro Beccari, the current chair and CEO of Louis Vuitton, will take on the same roles at the LVMH Fashion Group from the 1st of January, while retaining his position at Louis Vuitton
French retail groups move to sue fast-fashion giant Shein
A dozen French retail federations and several major brands have launched an “unprecedented” legal action against Shein for unfair competition, citing non-compliance with regulations
Hermès takes a minority stake in the Italian cashmere maker Lanificio Colombo
As part of its strategy to strengthen vertical integration, the French luxury group has acquired a 15% stake in the Italian manufacturer of cashmere and other noble fibres Lanificio Colombo
France Retail: operating in the dark
Overall retail sales have struggled to stay afloat this year, and the footwear sector has performed even worse. Despite a 1.9% increase in the value of footwear imports and an 8.4% increase in the volume of imports in the first half of the year, sales decreased by 1.4% in value and 2.6% in volume in the first eight months, suggesting that retailers are focusing on lower-cost stock. The sector’s challenges are exacerbated by below-target inflation and a sharp fall in consumer confidence. As political uncertainty continues to cast a shadow over consumer and retail sentiment, hopes for a turnaround are almost entirely on the Black Friday and Christmas shopping seasons
Hermès posts solid nine-month performance
The France-based luxury group posted a solid performance in the first nine months of the year, driven by sustained momentum in the third quarter, particularly in Europe, the Americas and Asia
Kering reports quarter-on-quarter improvement
The France-based group reported a sequential improvement in its latest quarter, reducing its revenue decline. Gucci also performed slightly better, thanks to stronger momentum in North America and Western Europe
Wales Bonner succeeds Nichanian at the creative helm of Hermès Menswear
Following the announcement of Véronique Nichanian’s departure after 37 years at the luxury group, it was revealed that Grace Wales Bonner would be taking over as Creative Director of Hermès Menswear
Fashion falters as LVMH returns to growth in the third quarter
The France-based luxury group reported 1% year-on-year growth in the third quarter, with improvements across all business segments. However, the fashion & leather goods segment continues to falter
French shoe brand Minelli placed into receivership
Minelli, the French shoe brand that went into receivership in 2023 before being bought the following year, has recently entered a new protection procedure, according to media reports
Shein to open first store in France amid public backlash
The online fast-fashion retailer is set to open its first physical store at the BHV Marais department store in Paris in November, with further openings planned in other cities. However, this decision has prompted a public backlash
Kering appoints Francesca Bellettini as President and CEO of Gucci
The France-based luxury group has appointed Francesca Bellettini as the new president and CEO of Gucci. She has the task of leading a turnaround for the struggling luxury brand
Daphne Wattiez from AKVO: when people, materials and time are valued, the result is more meaningful
We spoke to Daphne Wattiez, the Founder of AKVO. This unisex footwear brand employs artisanal craftsmanship and bio-sourced materials, inspired by the Mediterranean beauty. Among other topics, we talked about the brand’s challenges and her perspective on the industry-
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