Companies
Suppliers of the footwear sector in Mexico focus on the Industry 4.0
Members of APIMEX, the National Association of Suppliers for the Footwear Industry are gathering in Puerto Vallarta until the 30th of September to discuss the development of the footwear, textile and clothing sector in Mexico
Double-digit growth for Nike's revenue
The Oregon-based sportswear giant has announced results for the fourth quarter and fiscal 2018. Revenue grew by 13% in the last quarter pf the year. Year closed with a 6% increase in revenue
Michael Kors acquires Versace
The London-based fashion luxury group announced a definitive agreement to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace for a total value of 1.83 billion euros. Holdings Limited will be renamed to Capri Holdings Limited
Bangladesh: leather footwear industry exceeds target
Despite a poor performance for the overall leather industry in the first two months of the new financial year, exports of leather footwear exceeded the target set for the period
Declining sales for Geox
In the first half of 2018, the Italian-based brand Geox achieved revenue of 414 million euros, a decrease of 8.2% compared to the same period last year. Sales in Europe accounted for almost 75% of the total. However, this represents a decline of 9.5% year on year
Gladz, Go for it
A Portugal-based brand with shoes aimed to feminine and contemporary women who enjoy the harmony of gathering an affirmative and independent spirit with a refined touch of sophistication
World's most expensive shoes to be unveiled
The Passion Diamond shoes will cost 17 million US dollars and will be available at seven-star hotel Burj Al Arab
New President of Michael Kors Men's
The London-based fashion luxury group announced Andrea Pesaresi as the new President of Michael Kors Men’s. Mr. Pesaresi’s appointment will be effective from the 15th of October onwards
Skechers helps children in need
Distribution of 15 000 pairs of shoes to children impacted by Hurricane Maria in Puerto Rico is the latest in the company’s donation of 15 million pairs of new shoes to kids worldwide
Vans revenue to grow by 2 billion US dollars
VF Corporation, owner of Vans, estimates revenue growth for its brand of 2 billion US dollars, to reach 5 billion US dollars by fiscal year 2023, representing growth rates between 10% to 12% over the five-year period
India aims to double leather exports
The Council for Leather Exports has presented a detailed action plan – Strategy for Growth of Leather Sector – for next seven years. The local authorities are aiming for significant growth of leather exports
Yue Yuen announces more investment after drop in revenue
During the first half of 2018, the Yue Yuen group recorded revenue of 4 769.4 million US dollars, representing an increase of 7.2%, compared to the same period in 2017. Profit attributable to owners of the group declined by 41.9% to 150.1 million US dollars
JackRabbit acquires Rhythm Running
Going back to the acquisition market, JackRabbit announced the company has acquired Nashville-based Rhythm Running. In addition, the company is opening new stores
Miscellaneous Tariff Bill signed into law
Last night President Trump signed the Miscellaneous Tariff Bill (MTB) into law. The MTB will provide temporary tariff cuts for certain items not made or available in the US including 65 different types of footwear. The House and Senate passed the bill with overwhelming bipartisan support
Technology to cut down on defects
As digitalization becomes the new buzzword in the fashion world, new challenges appear for shoe manufacturers. To ensure businesses are ready to turn them into opportunities, the concepts developed by the Industry 4.0. have to become familiar to all decision makers-
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