News
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
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
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
Double-digit growth for Cambodia’s exports
The country's garment and footwear industry recorded very positive growth reaching 4 billion US dollars revenue in the first half of the current financial 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
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
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
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
Micam closes its 86th edition
Positive atmosphere at the latest edition of the Milan-based trade fair. Number of visitors has increased slightly compared to the previous edition
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
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
Lacoste Footwear with new Product Director
The joint venture between French sports brand Lacoste and London-based group Pentland, Lacoste Footwear, has appointed Marc Hare as its new Product Director
Jordan partners with Paris Saint-Germain
In the last few years, the Jordan Brand has been a growing presence in Paris. A Jordan-only store (Jordan Bastille) opened in 2016 and in the following year the brand announced a partnership with the French Basketball Federation
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