Italy

Ferragamo: sales near pre-COVID levels

Sep 9, 2021 / Italy

The Italy-based luxury house reported that in July and August its retail sales were close to levels recorded before the outbreak of the COVID-19 pandemic, after returning to operating profit in the first half of 2021

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Tod's results driven by e-commerce, Greater China and Roger Vivier

Sep 9, 2021 / Italy

The Italy-based luxury house talks about strong sales results and profitability recovery in the first half of 2021. Results were driven by the performance of the e-commerce channel, Greater China and the Roger Vivier brand

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Geox is closing its Serbian factory

Aug 11, 2021 / Serbia

The Italy-based company is closing down its Serbian plant in Vranje. The decline in demand for formal men’s and women’s shoes is pointed as the reason for the closure

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Ferragamo's revenue up by 44.1%

Jul 22, 2021 / Italy

The increase in revenue has been achieved despite the permanence, in some countries, of lockdowns and bans driven by COVID-19. On the 30th of June 2021, Ferragamo was operating with 53% of retail stores at full capacity

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Latest edition of Expo Riva Schuh comes to a positive close

Jul 21, 2021 / Italy

2 700 visitors from 79 different countries and 406 exhibiting companies marked the 3 days of the Riva del Garda trade fair, in its return to an onsite event

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L Catterton acquires majority stake in Italian-based Etro

Jul 19, 2021 / Italy

Under the agreement, L Catterton Europe will acquire a majority stake in the company, while the Etro family will retain a significant minority. Founder Gerolamo Etro will be appointed as Chairman

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Assomac confirms Simac Tanning Tech physical exhibition

Jul 9, 2021 / Italy

Simac Tanning Tech is an international exhibition for Footwear, Tanning and Leather manufactures’ technology. It will be held from 22nd to 24th September 2021, in Rho Fiera Milano pavilion, together with Lineapelle, Micam and Mipel events

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Ferragamo with 10% growth in sales

Jul 6, 2021 / Italy

As of the 31st of March 2021, the Salvatore Ferragamo Group reported total revenue of 245 million euros, up by 10.3% at current exchange rates (+13.0% at constant exchange rates), which compares with 222 million euros recorded in the first quarter of 2020

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Lineapelle returns to physical format

Jul 2, 2021 / Italy

In September, Milan will once again be the gathering location of the footwear industry. From the 22nd to the 24th of September, with the dates close to the Micam edition, Fiera Milano receives Lineapelle

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Micam to be held in person once again

Jul 1, 2021 / Italy

The International Footwear Exhibition is coming up with new in person dates from the 19th to the 21st of September, at Fiera Milano Rho, in Milan (Italy)

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Italy talks about tentative recovery for exports in the first quarter

Jun 30, 2021 / Italy

According to data by Confindustria Moda Research Centre for Assocalzaturifici. The footwear industry in Italy raised exports, in value terms, by 3% in the first quarter of the current year. These are still quite below pre-COVID levels, the Italian Association underlines

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Gucci is in the race for new materials

Jun 21, 2021 / Italy

The Italian-based fashion brand is launching vegan versions of its New Ace and Rhyton sneakers made with an innovative raw material, alternative to leather. The material, called Demetra in reference to the Greek goddess of agriculture, is vegan and largely plant-based

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Virtual Gucci bag sold by more than 4.000 US dollars

Jun 14, 2021 / Italy

The item was sold on Roblox, a video game platform and it cannot be used outside it. The Gucci Dionysus bag is not interchangeable and was more expensive than an original similar physical bag

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Fosun Fashion Group to acquire Italian shoemaker Sergio Rossi

Jun 10, 2021 / China

The global luxury fashion group FFG based in China announced it has signed an agreement to acquire 100% of Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding S.r.l., an independently-managed investment subsidiary of Investindustrial V L.P.

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Sales bounce back at Tod's

Jun 1, 2021 / Italy

Triple-digit growth in China, strong ecommerce and a good performance of the Roger Vivier brand have helped the Italy-based fashion group Tod’s to bounce back to grow by 17% at current rates in the first quarter (+18.8% at constant rates)

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