News
New members added to Ferragamo's Board of Directors
The Board of Directors of the Florence-based luxury group has appointed by co-optation Frédéric Biousse and Annalisa Loustau Elia as Independent Directors
LVMH plans to recruit 25 000 young people by the end of 2022
The luxury group is launching several initiatives to provide access to training and employment for young people, under the age of 30, from all backgrounds
Manuel Rios elected Cotance's President
Cotance's Extraordinary Assembly General held in Milan unanimously elected Manuel Rios Navarro to guide Cotance for the next 2 years. Mr Rios is the CEO of INPELSA, a Spanish sheepskin tannery located in Canals (Valencia)
Saadia Group to acquire Aquatalia
The US multicategory product manufacturing, wholesaling, distribution and retailing company has agreed to acquire the assets of the Italian footwear and accessories brand. Aquatalia becomes the first luxury label in Saadia's portfolio
Felmini takes sustainable steps
The Felgueiras-based footwear company has adjusted its productive process and invested in more environmentally friendly materials to reduce the ecological footprint of its footwear
Burberry appoints new Chief Digital and Analytics Officer
CP Duggal has been appointed Chief Digital and Analytics Officer, effective from the 30th of September onwards. He will be responsible for driving Burberry’s digital agenda and leveraging data and analytics to support the company’s strategic ambitions
US: holiday retail sales likely to increase
According to Deloitte’s annual holiday retail forecast, holiday retail sales are expected to increase between 7% and 9% in 2021. E-commerce sales should grow the most
Mytheresa closes the year with strong sales
The German-based luxury e-commerce platform reported net sales increase of 36.1% to 162.4 million euros in the fourth quarter of 2021 and a 36.2% sales jump for the full fiscal year of 2021
Farfetch publishes the 2020 ESG report
It is the first report published since the announcement of Farfetch’s 2030 sustainability goals, built on its Positively Farfetch strategy. The document highlights the environmental, social and governance initiatives taken so far, and its progress so far
Asos announces new 2030 ESG goals
The online retailer has disclosed its Fashion with Integrity (FWI) 2030 environmental, social and governance programme. It includes a commitment to achieve net-zero carbon emissions across the full-value chain by 2030
Pakistan exports of footwear and leather are on the rise
According to the Pakistan Bureau of Statistics exports of leather products, tanned leather and footwear increased in the first two months of the new fiscal year
Crocs aims at 5 billion US dollars sales
The US-based brand of casual footwear has announced its long-term strategy for sustainable and profitable growth. Crocs expects its revenue to increase to more than 5 billion US dollars by 2026
2021 Lineapelle New York cancelled
The New York edition of the Lineapelle fair has been cancelled due to continuing travel restrictions and the suspension of B1 visas by US authorities
Foot Locker completes acquisition of WSS
The New York-based specialty athletic retailer has completed its acquisition of Eurostar, Inc. (WSS), a US-based athletic footwear and apparel retailer that primarily operates on the West Coast
Bangladesh: leather industry grows in the first two months of the fiscal year
Although it is too early to spot a trend, in the firts two months of the new fiscal year, the leather industry in Bangladesh has reported growing exports in its categories. Other footwear (no leather) with declining exports
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