News
Deichmann with a strong performance in 2024
The German-based footwear retailer has reported a strong 2024 performance, despite a challenging trading environment, particularly in its home market and the US
New North America President at Puma
The sportswear company has announced that Tara McRae will succeed Bob Philion as President of Puma North America, where she will oversee the company’s business in this market
LVMH reports drop in revenue in the first quarter
Amid a disrupted geopolitical and economic environment, the France-based luxury conglomerate has reported a decline in first quarter revenue. Europe was the only region to grow
Portuguese women’s footwear brand Helena Mar enters the market
The new Portuguese footwear brand was born within the PC Footwear factory to create discreet luxury women’s collections that celebrate individuality and style, combining comfort with timeless design
Bangladeshi leather footwear exports continue to grow
Leather footwear exports are underpinning the positive performance of the leather industry in the fiscal year 2024-2025, according to the Export Promotion Bureau of the Government of Bangladesh
China hits back with 125% tariffs on US goods
China has retaliated against Donald Trump’s latest round on tariffs by raising duties on all US goods to 125% and dismissing the administration’s actions as a “joke”
Prada buys Versace from Capri
Prada S.p.A. and Capri Holdings Limited have entered into a definitive agreement regarding the purchase of 100% of Versace by the Milan-based fashion group
France Retail: watch out for the snowball effect
Both the footwear and the retail sector as a whole have failed to start the year on a strong footing, according to sales data. Consumers, who seemed to start the year in a more positive mood, took a step back in March and remain pessimistic about the French economy. Import data also suggest that retail confidence is in free fall. All in all, the risk of a snowball effect in the French retail sector cannot be dismissed.
New fashion chapter in Düsseldorf with TWODAYS
Set to debut alongside Düsseldorf Fashion Days, TWODAYS introduces a compact and refreshed approach centred on concentration, quality and relevance—paired with Neonyt’s sustainable fashion platform
Primark CEO resigns amid allegations of misconduct
Associated British Foods (ABF) has announced that Paul Marchant has resigned as CEO of Primark amid allegations of misconduct. He will be replaced on an interim basis by Eoin Tonge, ABF’s finance director
JD Sports cautious on tariff impact as it announces fourth quarter and full year update
The UK-based sportswear retailer has reported a solid fourth quarter and full year performance in its latest trading update. However, it is cautious about the actual impact of tariffs in the current year
Trump suspends tariff hikes for 90 days, but escalates trade war with China
On Wednesday, US President Donald Trump announced a 90-day pause on all “reciprocal” tariffs, with the exception of China. Tariffs on Chinese goods will rise to 125%
Gerry Weber goes bankrupt again
After its German parent company was declared insolvent, the Dutch branch of women’s fashion chain Gerry Weber has filed for suspension of payments. This is the third bankruptcy in six years
New CEOs at Fendi, Kenzo and Louis Vuitton China
The France-based luxury conglomerate LVMH has appointed Ramon Ros as CEO of Fendi, Charlotte Coupé as CEO of Kenzo and Daniel DiCicco as regional president of Louis Vuitton for mainland China
China retaliates with an additional 50% as the US raises tariffs on Chinese goods to 104%
The trade war between China and the US has escalated after Donald Trump’s move to impose 104% tariffs on Chinese goods. Beijing has retaliated with an additional 50%, bringing the total tariff to 84%
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