News
UNIDO to support development of textile and footwear in Armenia
According to the Armenian News Agency UNIDO will set up a program providing 2 million US dollars for the development of the textile and footwear industries in the country
Vietnam with growing exports
According to the General Department of Customs in Vietnam, in the first six months of the year, exports of footwear increased by 11% from similar period in 2016
Simac Tanning Tech will be at Lineapelle
From the 4th to 6th of October Simac Tanning Tech will be at the Lineapelle in the Business Lounge opened by ASSOMAC with the support of the Italian Trade Agency
Undandy to open own factory
The company founded in 2015 is planning to invest one million euros to set up its own factory in São João da Madeira, one of the most relevant regions for footwear manufacturing in Portugal
Skechers with record net sales
The California-based company continues to cross milestones. Second quarter net sales totaled 1.026 billion US dollars, an increase of 16.9%. First semester net sales increased by 13.0% crossing the 2.1 billion US dollars threshold
Hermès with solid growth
The France-based luxury group announced consolidated revenue of 2.7 billion euros in the first six months of 2017, up by 11% at current exchange rates and by 10% at constant exchange rates. The group recorded solid increase in sales across all geographical areas
Nicaragua is promoting its industry abroad
A delegation from Nicaragua’s official investment promotion agency, PRONicaragua, will participate in the forthcoming edition of the Footwear Sourcing Intelligence Summit, organized by the Footwear Distributors and Retailers of America (FDRA)
Retail sales up by 3.2% in the US
According to the National Retail Federation, retail sales in the US in June were essentially unchanged over May on a seasonally adjusted basis, but up by 3.2% unadjusted from June 2016
New Italy-Vietnam footwear technology centre
The facility, inaugurated at the Lefaso Centre in Binh Duong, was set up as part of a new collaboration between the two countries and aims to promote research and development of leather-shoe products
Domestic consumption in Argentina continues to fall
According to the local entities domestic sales of leather footwear in the country has fallen by an estimated 30% since the beginning of 2017 compared with similar period last year
Havaianas sold for 1.1 billion US dollars
Alpargatas, the Brazilian parent company of the popular flip-flop brand has been involved in a new transaction in less than two years. The deal reached 3.5 billion reais, or 1.1 billion US dollars
Nigeria’s promotion of leather production
The federal government is very active in supporting the leather production in the country. As part of this process the Nigerian Institute of Leather Science and Technology (NILEST) was recently inaugurated
Mulberry focus in Japan
The London-based luxury brand has announced plans to launch a joint venture deal with Onward Global Fashion, a Japanese brand
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