France
Kering: strong growth in revenue
The French-based luxury group has announced two digit growth for the first half of the year with 18.8% for year on year revenue growth
Sonia Rykiel faces liquidation
After a restructuring process the company elected no winning bid and is now facing liquidation and will now work to close stores around the world
Hermès: Asia continues to drive sales growth
The Paris-based luxury group confirmed its strong sales momentum over the first half of 2019 reporting 12% growth at constant exchange rates and 15 % at current exchange rates
Stella McCartney and LVMH in partnership
Both parties have reached an agreement to further develop the Stella McCartney House. Stella McCartney and LVMH will detail the full scope of the deal later in September
Chanel appoints first Senior Executive for Diversity
Fiona Pargeter is joining Chanel from Swiss Bank UBS where she was head of Diversity and Inclusion for Europe, the Middle East and Africa
Chanel acquires stake in Italian tannery
The French luxury brand took another step in its strategy to reinforce its production process by acquiring a stake in Conceria Samanta, an Italian tannery company specialized in printed leathers, which has been its supplier for several years
A new President for the French leather goods
On the occasion of its general assembly held by the end of June, the French Leather Goods Federation elected to its presidency Jean-Pierre Tolo for a term of three years
Laure Browne is new Veja's CEO
The French-based sustainable sneakers brand Veja has appointed Laure Browne as the group's new CEO. She will be the first external group CEO
French Federation with a new Head
Régis Feuillet has been elected President of the French Footwear Federation (FFC) an entity representing 100 footwear companies
Abicalçados and Apex-Brasil renew agreement
During the latest edition of the Francal trade fair, the Brazilian Footwear Industries Association (Abicalçados) announced the renewal of the agreement to maintain the Brazilian Footwear program, developed in partnership with the Brazilian Trade and Investment Promotion Agency (Apex-Brasil)
Hermès to expand site in Saint Junien
The luxury group continues to invest in France, by expanding its facilities and creating new job opportunities
Chanel invests in company focused on sustainable materials
The French-based luxury brand has invested in a chemistry firm that's exploring ways silk could replace chemicals used in clothing manufacturing
France to ban destruction of unsold goods
The country's Prime Minister announced draft legislation to ban the destruction of unsold or returned consumer products. The new measure would oblige brands to donate or recycle unsold goods
India’s leather footwear exports up by 1%
According to the Council for Leather Exports in the first 10 months of the fiscal year exports of leather footwear increased by roughly 1%. Exports of the overall leather industry are declining
Kering to relocate Swiss logistic activities
After the agreement with Italy’s Inland Revenue the French luxury group Kering might be on the verge to relocate most of its logistic activities to Italy-
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