Italy
Italy: fashion industry with flat growth
2019 should be marked by growth of 0.1% for the Italian fashion industry. A performance well below the 3% average registered in the last decade
Tod's with challenging first half
Consolidated sales of the Italy-based group were down by 4.7% in the first six months of the year. Retail and Roger Vivier brand on positive note. Other segments with less positive performance
Ferragamo with 4% increase in revenue
The Italy-based luxury group has announced first half results. Asia Pacific was confirmed as the group's top market. Other regions with mixed results in the period
Farfetch acquires New Guards Group
The London-based luxury ecommerce giant bought New Guards, the group owning brand Off-White, for a total value of 675 million US dollars. Farfetch plans to launch "Brands of the future"
Lowa acquires Italy’s Riko Sport
The Germany-based sporting goods company has acquired the Italian shoe specialist Riko Sport S.r.l., a core supplier of Lowa’s footwear
Prada's revenue up by 2%
The Milan-based luxury house present their consolidated financial results for the first semester of 2019 ended on the 30th of June. Small increase in revenue marked the period
92nd Expo Riva Schuh comes to an end
More than 12 000 visitors from 111 countries attended the events in Italy. Organisers congratulate themselves for the uniqueness of the wide-ranging fair in line with the organisers’ expectations
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
Bottega Veneta with new CEO
The Kering Group, owner of Bottega Veneta, announced the appointment of Bartolomeo Rongone as CEO of the brand, effective from the 1st of September 2019. He will report to François-Henri Pinault, Chairman and CEO of Kering and will be a member of the Group’s Executive Committee
The priorities of the new Head of Assocalzaturifici
Siro Badon, the new Assocalzaturifici Chair, explained the guidelines of his mandate focusing on sustainability, education and training and internationalisation
Prada launches bag made with recycled plastic
Prada launched a pioneering new project, Re-Nylon, introducing a sustainable line of the iconic Prada bag silhouettes executed in a unique new regenerated nylon, the ECONYL
5 offers for Roberto Cavalli
Five potential investors presented proposals for the Italian fashion brand Roberto Cavalli. The identity of the candidates was not revealed
Geox with lower sales
The Italy-based footwear brand reported first quarter results, marked by a 1.3% decline in sales at current exchange rates (-1.6% at constant rates)
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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