News
LVMH posts revenue above pre-pandemic levels
The luxury group has reported strong growth over 2021, following the disruption of the first half of 2020 resulting from the global pandemic. Revenue for the full year reached 64.2 billion euros
Sports footwear trend will grow by 50% in the next decade
The sports footwear business continues to thrive. By 2030, the global athletic footwear industry should generate 165.00 billion US dollars, which will reflect an increase of 50.4%, as compared to revenue of 109.70 billion US dollars in 2020
Sneakers and sports related footwear to continue on the rise
It doesn’t come as a surprise, but the conclusions from enquiring our Panel of Experts of the World Footwear Business Conditions Survey point to a continuation of the trend around sneakers and sports related footwear. Read more about it today
Pakistan footwear exports increase in value
In the first half of the current fiscal year, Pakistani footwear exports grew by 12.37% in value, totalling 72.79 million US dollars. Leather footwear exports increase in value, but decline in volume
Kurt Geiger to open 13 to 15 stores in the UK
The Chief Executive of Kurt Geiger, Neil Clifford, has told the daily The Times that the British retailer is planning to open a new shop every month of the current year
Burberry announces full-price sales increase
The UK-based luxury group has reported that, in the third quarter of fiscal 2022, full-price sales increased driven by a strong performance in outwear and leather goods and in the US market
Coach partners up with Savory Institute
The subsidiary of Tapestry has teamed up with the Savory Institute’s Land to Market Programme to support the regenerative agriculture movement, reducing its impact on climate change
Puma discloses preliminary results for the year of 2021
The German-based sportswear giant is expecting currency-adjusted sales growth of approximately 14% in the fourth quarter, despite the negative impact of the COVID-19 pandemic
La Maison des Startups LVMH chooses 23 new startups
The luxury group has selected 23 new startups to join in the accelerator programme La Maison des Startups LVMH, which fosters the development of innovative solutions for the luxury industry
Prada confirms robust growth in 2021
In a preliminary update, the luxury group has announced that sales bounced back above pre-pandemic levels. Revenue for the full year of 2021 reached 3.36 billion euros
American Exchange Group to acquire Aerosoles
The US-based designer, manufacturer and wholesaler has announced that it will buy the assets of the luxury comfort footwear brand to drive business opportunities growth
New Generation: meet Teresa Bettencourt
Teresa Bettencourt launched the Portuguese handbags brand Manjerica in 2012, inspired by the memories of her homeland, the Azores. Manjerica stands out for the conscious design, the choice of raw materials and the connection with the local production
Expo Riva Schuh & Gardabags closes on a positive note
The latest edition of Expo Riva Schuh & Gardabags, focused on innovation and sustainability, welcomed 3500 visitors from 86 countries and 430 exhibitors from more than 30 countries
Coats launches fibre-laying technology for footwear
The British industrial thread manufacturer has launched Lattice Lite Eco, which uses sustainable materials, to create footwear composite materials
Roberto Vago (ASSOMAC): sustainability is not a marketing idea, but a realistic idea
Today, we bring the highlights of a conversation with Roberto Vago, Managing Director of Assomac, the National Association of Footwear, Leathergoods and Tanning Technologies' Manufacturers in Italy. We have talked about the impacts of COVID-19, sustainability and Industry 4.0, amongst other topics
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