Companies
EU retreats from proposed Green Claims Directive
The European Commission has announced its intention to withdraw the EU Green Claims Directive, just days before the final negotiations between the European Parliament and the Council were set to begin
adidas names Markus Morent to lead Korean Market
The German sportswear company appoints Markus Morent as head of adidas Korea, signalling renewed focus on consumer experience and growth as the company posts strong early 2025 results
Footwear industry anticipates sales volumes will increase
More than 60% of the respondents of the last edition of the World Footwear Business Conditions Survey expect quantities of footwear traded in their country to increase over the next six months. The report with the main conclusions of the 12th edition of the survey is now available
H&M reports first half progress
Despite reporting only a slight increase in sales in the second quarter and the first half, Daniel Ervér (CEO) highlighted the progress that the Sweden-based fashion group is making towards achieving healthier profitability
Bata Group appoints Panos Mytaros as CEO
The Swiss-based footwear group has appointed the former CEO of Danish group Ecco, Panos Mytaros, as its new head. He will join in September, taking over from Sandeep Kataria
Havaianas with new distribution model in North America
Alpargatas has entered into a supply chain and distribution agreement with the Eastman Group for its flip-flop brand in North America. This marks a shift from a direct operations to a distributor model
Cost of raw materials continues to worry the footwear industry
Cost of merchandise or raw materials maintains its position as the top concern for the footwear industry, according to respondents of the 12th edition of the World Footwear Business Conditions Survey. Domestic market challenges have intensified
Portuguese group Kyaia launches new footwear brand
The Fred&Frederico brand, which was launched earlier this year and takes its inspiration from mountain sports, is a tribute to the founding family of the Kyaia Group
Kizik names former Nike veteran as CEO
The Utah-based slip-on footwear brand and its parent company, HandsFree Lab, have appointed Gareth Hosford, the former Nike and Converse executive, as Chief Executive Officer
Prada acquires a 10% stake in the Rino Mastrotto leather group
The Italian luxury group will hand over two tanneries to Rino Mastrotto, as well as an unspecified cash investment. This will enable Prada to exert greater control over its production process
Luca de Meo appointed Chief Executive Officer of Kering
The CEO of the automotive group Renault has been appointed to the role of Chief Executive Officer of the luxury group Kering, marking a change in the company’s governance
Footwear prices to increase over the next six months
75% of the respondents of the last edition of the World Footwear Business Conditions Survey expect footwear retail prices to increase over the next six months. The report with the results of the 12th edition of the survey is now available
Inditex reports slower growth in the first quarter
The Spain-based fashion retailer saw a 1.5% year-on-year increase in sales in the first quarter of 2025. However, these figures fell short of expectations, highlighting a more challenging economic environment
Designer Brands posts weak first quarter, withdraws full year outlook
The Ohio-based company has posted weak results in the first quarter. Due to ongoing instability and pressure on consumer discretionary spending, it has also withdrawn its full year outlook
Dr. Martens unveils a new strategy aimed at returning to growth in FY26
Having delivered on its full year 2025 objectives, the footwear company has launched the Levers For Growth strategy, with the aim of returning to growth over the current fiscal year-
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