News
Next rescues British footwear brand Russell & Bromley
The UK-based fashion retailer acquired the Russell & Bromley brand out of administration for 3.8 million British pounds (4.4 million euros), retaining just three stores. This could put 440 jobs at risk
Ferragamo posts 2025 revenue decline despite fourth-quarter DTC rebound
The Italy-based luxury group saw its revenue decline in 2025. However, direct-to-consumer sales accelerated in the fourth quarter as a result of strategic initiatives in place since the second quarter
Anta Sports to acquire 29% stake in Puma
The China-based group has announced that it has entered into a purchase agreement with Groupe Artémis, the investment firm of the Pinault family, to acquire a 29.06% stake in Puma for 1.5 billion euros
Genesco plans to upgrade its information technology operations
The Nashville-based footwear company has announced plans to upgrade its IT operations as part of its long-term strategy to improve operational efficiencies across the business
LVMH posts resilient performance in 2025
Despite mixed regional performances and a slowdown in fashion and leather goods sales, the France-based luxury conglomerate has ended the year 2025 in a resilient position
Authentic closes Guess acquisition
Authentic Brands Group has completed the acquisition of a 51% stake in Guess’s intellectual property (IP), making Guess the second-largest brand in its portfolio after Reebok
Bottega Veneta CEO set to step down
Kering, the France-based luxury group that owns Bottega Veneta, has announced that the label’s Chief Executive Officer, Bartolomeo Rongone, will be leaving the group on the 31st of March
New footwear material trends revealed by industry survey
Industry experts point to sustainable natural fibres as the dominant footwear material trend for the next two years, a key insight from the World Footwear Business Conditions Survey conducted at the end of 2025
Luís Onofre launches shoe golf line
Portuguese footwear designer Luís Onofre has launched Clubhouse Heritage, a new line of golf shoes that combines tradition and refinement with a sporting spirit
JD Sports sees improved North America performance in the fourth quarter
The UK-based sportswear retailer has reported an improvement in its largest market, North America, in the fourth quarter, with like-for-like sales returning to year-on-year growth
FAIST Voices: meet Olifel
Under the FAIST, Olifel, a software provider company based in Felgueiras, is exploring how artificial intelligence can help footwear companies modernise their production processes under the FAIST project
Trump backs down on Greenland tariff threat
The US has cancelled its threat to impose tariffs on eight European countries in an effort to push for US control of Greenland, following talks with NATO Secretary General Mark Rutte
Former adidas executive appointed CEO of Axel Arigato
Frédéric Serrant has been appointed Chief Executive Officer of the Swedish footwear brand Axel Arigato. He will succeed Albin Johansson, who co-founded the brand and will remain as Chairman of the Board
Brazilian exports end 2025 on stable ground as imports continue to rise
Despite the negative impact of US tariffs on Brazilian footwear exports, the industry ended 2025 broadly stable, according to Abicalçados. Meanwhile, imports continue to rise
Under Armour announces executive leadership changes
As part of its transformation strategy, the Baltimore-based sportswear company has appointed Kara Trent as Chief Merchandising Officer and Adam Peake as President of the Americas
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