Companies
Next raises profit forecast on strong Christmas sales
The UK-based fashion retailer has reported strong and better-than-expected Christmas trading results, prompting it to raise its full-year profit forecast
New Generation: Edgar Ferro from Fernando Ferro & Irmão
Edgar Ferro, who has a degree in Business Management, is the second generation to take the helm at the family-owned technology company founded by his father and uncle 25 years ago
Saks Global names new CEO as bankruptcy filing looms
The parent company of Saks Fifth Avenue has announced that Richard Baker will now take the helm, while retaining his role as Chairman. This statement comes after accounts of potential preparations for bankruptcy
Kering formalizes acquisition process of Raselli Franco Group in stages
The France-based luxury group has announced a staged acquisition of jewellery maker Raselli Franco Group. The deal will begin with the purchase of a 20% stake in the first quarter
Footasylum to expand across the Gulf region
The UK-based retailer has partnered with Dubai-based Apparel Group in support of its first major expansion into physical retail outside the UK. This move marks the company’s entry into the Gulf market
Rethinking business models in a changing footwear market
In response to evolving market conditions, footwear companies are reshaping their business models through customisation, digitalisation and the use of artificial intelligence
Arklyz closes deal to acquire Gabor Shoes
The Switzerland-based sports and lifestyle group has announced the completion of its acquisition of Gabor Shoes. No financial details of the transaction have been released
Puma secures 608 million euros in new financing
The Germany-based company has secured additional financing in the form of a 500-million-euro bridge loan and confirmed credit lines totalling 108 million euros. The aim is to increase overall flexibility and headroom
Chinese Group HSG Takes Majority Stake in Golden Goose
Under the new ownership structure, Permira will retain a minority stake, Silvio Campara will remain Chief Executive Officer, and Marco Bizzarri is set to become non-Executive Chairman
Birkenstock delivers a strong fiscal year 2025
The Germany-based footwear company has delivered a strong performance in the 2025 fiscal year, achieving double-digit revenue growth across all regions and channels, as well as a sharp increase in profits
Nike reports modest gains amid ongoing challenges
Nike has reported modest gains in the second quarter, driven by a recovery in the North American market. However, ongoing weakness in Greater China and pressure tariffs continue to weigh on its overall performance
Skechers President Michael Greenberg joins Footwear News Hall of Fame
In recognition of his long-standing contribution to the company’s growth and philanthropic efforts, Michael Greenberg, president of Skechers, has been inducted into the Footwear News Hall of Fame
Kering Foundation launches research programme on violence against women and children
In partnership with McGill University and the Sexual Violence Research Initiative (SVRI), the Kering Foundation is launching a research programme that addresses the intersection between violence against women and children
Matthew Barnes is the new President of Foot Locker International
After Dick’s Sporting Goods acquired Foot Locker, Matthew Barnes became President of Foot Locker International, tasked with accelerating business momentum and executing targeted turnaround strategies
Nike reshuffles its senior leadership team
Following the elimination of the Chief Technology Officer role, Chief Supply Chain Officer Venky Alagirisamy has been appointed Chief Operating Officer and will now oversee the technology department-
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