News
Farfetch appoints Tim Stone as Chief Financial Officer
The UK-based luxury e-tailer has announced that Tim Stone will succeed Elliot Jordan in the role of Chief Financial Officer (CFO), effective from the 1st of September
Tod's reports strong first half
The luxury group reported a 21.7% revenue increase in the first half of 2023, as compared to the same period in 2022, with double-digit growth across all brands and product categories
French footwear manufacturing turnover grows in 2022
According to the Conseil National du Cuir (CNU), the French footwear industry's turnover rose by 10% last year to 651 million euros, up from 590 million euros in 2021
Deckers off to a good start
The US-based company announced that it has raised its outlook for the 2024 fiscal year after posting a solid first quarter, driven by strong momentum from the Hoka brand
Hotter Shoes' CEO and CFO exit the company following the acquisition by WoolOvers
Both Ian Watson, Chief Executive Officer of the footwear brand, and Gavin Manson, its Chief Financial Officer, have reportedly resigned days after the acquisition by WoolOvers Group
Yue Yuen issues profit warning
The group has informed its shareholders and potential investors that it expects a first half profit decline between 50% to 55% from the 175 million US dollars recorded in the same period of 2022
Hermès delivers a robust first half
The French-based luxury company's sales reached 6.70 billion euros in the first half of 2023, up from 5.48 billion euros in the same period of 2022, driven by strong momentum across regions
adidas to further release existing YEEZY products this month
A second batch of YEEZY products will be released in phases throughout August, with a significant amount to be donated to selected organisations working to combat discrimination and hate
Spain: growth of footwear exports slows down
From January to April, Spanish footwear exports grew by 17.4% in volume and 2.3% in value, as compared to the same period of last year, reflecting a slowdown in growth, says FICE
Richemont acquires a controlling stake in the Italian shoemaker Gianvito Rossi
The Swiss-based luxury group has announced the acquisition of a controlling stake in the Italian shoemaking Maison Gianvito Rossi. The amount of the transaction was not disclosed
Asia accounts for more than half of global footwear consumption
This is one of the main conclusions of the World Footwear Yearbook 2023, just released by APICCAPS, the Portuguese Footwear Association. Read more about it today
Skechers reports strong second quarter results
The US-based company reported growth in sales and earnings in the second quarter of 2023, as compared to the same period of 2022, driven by the performance of the DTC channel
Gap appoints new Chief Executive Officer
The owner of Old Navy, Gap, Banana Republic and Athleta brands has appointed Richard Dickson as its President and Chief Executive Officer (CEO), effective from the 22nd of August
Prada posts robust growth in sales and profits
The Italian-based luxury group posted a 17% net revenue growth and a 62% net income increase in the first half of 2023, as compared to the same last year's period. Rebound in Asia continues
Camia sandals: made with Portuguese hands and Colombian hearts
Born between Portugal and Colombia, this brand-new sustainable fashion brand aims to revolutionise the concept of fashion with the introduction of the “Swap Sandal” model
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