Shoes
Michael Kors completes acquisition of Jimmy Choo
Under the terms of the transaction, Jimmy Choo shareholders received 230 pence per share with a total transaction value of approximately 1.35 billion US dollars
Net sales at Steve Madden up by 8%
The US-based footwear brand has announced the results for the third quarter. Sales increased by 8% compared to similar period last year. The company is keeping the guidance for the full year
Under Armour lowers outlook for the year
The US-based sportswear giant has announced third quarter results. Several challenges have resulted in revenue below expectations. Under Armour lowered the outlook for the full year
Obuv Rossii raises 100 million USD in IPO
One of the main players in the mid-price footwear segment in Russia has held an IPO on the Moscow Exchange, raising 100 million US dollars in the operation
Vietnam footwear exports on the rise
According to Lefaso, the local association, Vietnam’s footwear exports in the first half of the current year have reached 7.06 billion US dollars, a 13.2% increase from similar period last year
Milton Ricardo, the art of making shoes
A brand born within company Calçados Tulipa Negra, based in Guimarães, in the north of Portugal, one of the regions with a large presence of the footwear industry
Weyco posts declining sales but has improving earnings
The Milwaukee-based footwear company has announced financial results for the quarter ended on the 30th of September
Khadim India IPO opens in November
The India-based footwear retailer will have a three days initial public offering period with an aim to raise capital, now that its private equity fund is leaving the business
Deckers raises guidance for the full year
Despite a minor decline in net sales registered in the second quarter, an improvement of the gross margin of the group has contributed to an renovated guidance for the rest of the year
Extra days with factory visits
The UITIC Congress will offer a perfect combination of presentations by worldwide renowned speakers (one day and a half) and visits to some of the most technologically advanced footwear companies (1 day). Two extra days of visits to Portuguese companies were added to the programme
Good performance for leather footwear in Bangladesh
According to the local Leathergoods and Footwear Association, the leather industry as a whole closed the first quarter achieving 99% of the exports target for the period. Leather footwear surpassed its target
Minimum wage in Cambodia increases 180% in six years
Trade union representatives, government officials and footwear and garment workers in Cambodia have agreed on an increase in the minimum monthly wage for next year. In just six years labor costs have increased significantly in the country-
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