World Footwear

Luxury

UK: VAT-free shopping scheme will not be reinstated

Oct 19, 2022 / United Kingdom
The new British Finance Minister Jeremy Hunt announced that the Government no longer plans to reintroduce VAT-free shopping for overseas visitors. Luxury and retail sectors are against it

LVMH reports steady growth

Oct 12, 2022 / France
After recording revenue growth of 28% in the first nine months of 2022, the French-based luxury group said that "growth continues at the same pace". Sales also increased in the third quarter

Gucci appoints new CEO of its Vault and Metaverse Ventures

Oct 11, 2022 / Italy
The luxury House has named Robert Triefus as CEO of Gucci Vault and Metaverse Ventures, the newly created division designed to scale and expand the brand's metaverse and gaming strategies

Christian Louboutin to launch a family-focused line

Oct 10, 2022 / France
The luxury footwear and accessories brand announced the launch of LoubiFamily, a brand-new product category designed for every family's member, from adults to kids and pets

Burberry appoints Daniel Lee as new Chief Creative Officer

Sep 29, 2022 / United Kingdom
Daniel will join Burberry on the 3rd of October 2022. He will be based at Burberry’s headquarters in London and report to Chief Executive Officer, Jonathan Akeroyd

Burberry COO and CFO to step down

Sep 28, 2022 / United Kingdom
The UK-based luxury brand has announced that Julie Brown will leave both her roles as Chief Operating and Financial Officer at the close of the company’s fiscal year, on the 1st of April 2023

Tod's exceeds pre-pandemic levels

Sep 19, 2022 / Italy
The Italian-based luxury group, whose revenue in the first half of 2022 grew by 17.4% year-over-year to 467.5 million euros, reported having "returned to values higher than those of 2019"

Ferragamo reports solid first half

Sep 12, 2022 / Italy
The Italian-based luxury group posted revenue and profits growth in the first half of the year, as compared to the same period of last year, "despite the enduring impact of the pandemic in China"

Louis Vuitton launches sustainable sneaker

Sep 9, 2022 / France
The French luxury Maison, owned by LVMH, released a new unisex version of the LV trainer made from 90% recycled and organic materials, designed by its late creative director Virgil Abloh

Moncler launches new footwear line

Sep 8, 2022 / Italy
Seeking to accelerate the development of its footwear segment, the Milan-based luxury brand announced the launch of the Trailgrip collection, inspired by its mountaineer heritage

Farfetch posts GMV and revenue growth

Sep 7, 2022 / United Kingdom
Following the acquisition of a 47.5% stake in YOOX Net-A-Porter (YNAP), part of Richemont's group, the luxury online retailer announced results for the second quarter of fiscal 2022

Burberry obtains SBTi approval for net-zero emissions target

Sep 6, 2022 / United Kingdom
The UK-based group, which is set on reaching net-zero emissions by 2040 by reducing them across operations and the supply chain, is the first luxury company to receive this approval

Ferragamo partners up with Farfetch to reach younger generations

Sep 5, 2022 / Italy
The Italian luxury group is partnering up with the online luxury retailer to boost its digital innovations capabilities and "engage in conversation" with Millennial and Gen Z shoppers

Tod's founding family launches bid to delist the company

Sep 2, 2022 / Italy
The Della Valle family said their holding company would pay 40 euros per share to delist the company from the Milan-based stock exchange. The goal is to strengthen the underperforming luxury group

Prada reports strong first half

Aug 5, 2022 / Italy
The Italian-based luxury group posted a net sales of increase of 22% in the first semester, as compared to the same period of the prior year, and is on track to meet midterm targets
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