News
Grendene: results in line with 2017
The Brazil-based footwear group announced results for the first 9 months of 2018 in line with similar period in 2017. A strong decline in the net profit was caused by a fall in the interest rates
Indian exports go up
The country's exports of leather, leather products and footwear have increased by 5.25% (value in rupee) during the period April-October as compared to similar period last year
Capri Holdings completes acquisition of Versace
Capri Holdings Limited, a global fashion luxury group, announced it has changed its name from Michael Kors Holdings Limited, and from today its New York Stock Exchange ticker symbol will be CPRI. The company also confirmed it has completed the acquisition of Versace
Strong results by Wolverine
The Michigan-based footwear giant reported a strong set of results for the third quarter of the current fiscal year. Wolverine decided to raise the full-year earnings outlook
Michael Kors results surpass expectations
Second quarter results for the Michael Kors Group exceed expectations. While the Michael Kors brand performed flat compared to the prior year, Jimmy Choo results were better than anticipated
ICC invests 2 million euros to double production
Portuguese footwear company ICC, specialized in the production of professional footwear, is investing two million euros in its facilities with the goal of doubling production
Longchamp welcomes new people
As dozens of workers retire every year the premium French leather goods label is looking to welcome new people for their workshops. No specific skills are required, besides motivation
Leather industry in Pakistan asks for Government action
The Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) has expressed concerns over the steep decline in leather-related exports in a meeting with Finance Minister and the Federal Board of Revenue (FBR)
Nike beats expectations
The Oregon-based sportswear giant reported earnings rising by 10.4% in the second quarter. A 9.6% revenue gain was registered. Earnings and revenues both topped expectations as margins improved and strong sales were witnessed in North America and China
Footwear amongst most popular items for cross-border online shopping
A study conducted by Ipsos for PayPal revealed that 68% of the online shoppers surveyed purchased items of clothing, apparel, footwear or accessories from websites in other countries
Shoe Carnival: sales increase by 4.5%
US-based footwear retailer Shoe Carnival reported third quarter financial results with comparable store sales increasing by 4.5%. Company raised the oulook for the 2018 Fiscal Year results
CCC seeks to buy Gino Rossi
The Polish-based footwear manufacturer and retailer has announced a tender offer to acquire all the shares of Gino Rossi S.A.. CCC intends to carry out a comprehensive restructuring of Gino Rossi
Tod's shares spike
Regulatory documents indicate that a holding linked to Chairman Diego Della Valle have committed to buy up to 5% of the luxury group's shares. As a result Tod's shares value immediately increased
Shoe Carnival with new share repurchase program
The US-based footwear retailer announced a new 50 million US dollars share repurchase program. The company also announced it will pay a quarterly cash dividend of 0.08 US dollars per share
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