Footwear
Versace appoints Cedric Wilmotte as Interim CEO
The global fashion luxury group announced the appointment of Cedric Wilmotte as Interim Chief Executive Officer of Versace. This will be effective from the 17th of January onwards
Yue Yuen with revenue slowdown
The group has announced results for the first nine months of 2021. Growth slowed down in the third quarter due to disruptions in manufacturing operations in Vietnam and weak retail sales
adidas announces revenue growth slowdown
The sportswear giant has reported that supply chain disruptions and difficult environment in Greater China reduced growth by around 600 million euros in the third quarter of 2021
Pentland launches new 100-1-0 sustainability strategy
Sportswear group Pentland Brands has set three targets to be reached by 2032, the year marking the group’s 100-year anniversary. These are part of the group's sustainability initiative
Tapestry raises full-year outlook
The New York-based luxury group, owner of Coach, Kate Spade and Stuart Weitzman, announced revenue growth of 26% in the first quarter of fiscal 2022, totalling 1.48 billion US dollars
UGG launches shoe refurbishment programme
The lifestyle brand has teamed up with the premium shoe repair company NuShoe to launch the UGGrenew refurbishment programme. The goal is to extend the life of their Classic Boots
CTCP provides international experience to European students
As part of the Erasmus+ European project SciLed, the Portuguese Footwear Technological Centre received 11 young students from Spain, Italy, Greece and Romania for an intensive training initiative (Training Learning Experience)
Ferragamo with new eco-friendly collection for Farfetch.com
Italy-based fashion house Salvatore Ferragamo created an eco-friendly collection, called Salvatore Ferragamo Icon-Up, which is being launched exclusively on Farfetch.com
Brazilian footwear featured at Expo Dubai
At the beginning of the month, Brazilian footwear had an exclusive space within the country's pavilion at Expo Dubai. Organization made by Brazilian Footwear (Abicalçados) in partnership with the Brazilian Agency for Export and Investment Promotion (Apex-Brazil)
Li Ning to acquire Amedeo Testoni
Viva China Holdings Limited, the parent group of Clarks is consolidating its position in the footwear market, this time by acquiring Italian brand Amedeo Testoni. The deal should amount to 5.6 million euros
Wolverine Worldwide announces revenue increase
The Michigan-based giant has reported revenue of 636.7 million US dollars in the third quarter of 2021, as compared to the same period of 2020, amidst supply chain disruptions
Ferragamo reports solid growth
The Italian-based luxury group announced revenue growth of 33.9% in the first nine months of 2021, reaching 785 million euros, driven by sales in the United States and Asia Pacific region
Germany Retail: too early to claim victory on the retail performance
In recent months, the Textile Retail Index (including Clothing & Footwear) in Germany compares well to the pre-pandemic 2019 data. However, one must remember that 2019 was a terrible year for the German economy. As we write this Retail Flash, the consumer price index for footwear is following the upwards movement of prices in general and retailers are now looking on how to offset higher costs of raw materials and logistics in footwear imported from overseas. That said, it seems too early to claim victory on the retail performance in Germany
French footwear exports in growing mode
In the first eight months of 2021, French footwear exports increased by 19%, totalling 2.58 billion euros, as compared to the same period of 2020. Leather goods exports have also grown by 34%
ACLE to be rescheduled to 2022
The organisers of All China Leather Exhibition 2021 have taken the decision to reschedule the event, due to be held at the Shanghai New International. ACLE will now be held from the 31st of August to the 2nd of September in 2022-
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