France
France Retail: news are not uplifting footwear retail
The Footwear Retail Sales Index (by BdF) reached in July its lower score in thirteen months in a row, and data from imports from the same month which will most likely make importers revise their decisions to the downside after the increasing value available for june. Despite a slight relief in consumer confidence in August due to Governmental aid, the increase in prices left little space in the wallet for discretionary footwear purchases. Meanwhile, online retail seems to have gained about 50 percentage points in 30 months in France, but data does not allow us yet to conclude whether the footwear segment shares this performance
LVMH reports steady growth
After recording revenue growth of 28% in the first nine months of 2022, the French-based luxury group said that "growth continues at the same pace". Sales also increased in the third quarter
French Edit Pop-Up opens at Chelsea Market in NY
The French Footwear Edit Pop-Up opened on the 1st of October at Neighbourhood Goods in Chelsea Market, featuring six brands that display the diversity of French craftsmanship in shoes
Louis Vuitton launches sustainable sneaker
The French luxury Maison, owned by LVMH, released a new unisex version of the LV trainer made from 90% recycled and organic materials, designed by its late creative director Virgil Abloh
Hermès sales grow in the first half
The French-based luxury group posted a revenue increase in the first half of 2022, with all geographical areas recording "strong growth". Performance in Greater China bounced back in June
Kering reports strong performance
Despite the global macro uncertainty, the French-based group posted a solid sales growth in the first half of 2022 in each of its Houses. Yves Saint Laurent’s performance reached “new highs”
LVMH announces first half results
"In a still disrupted environment", the French-based luxury group posted revenue growth in the first half of the year. The fashion & leather goods segment recorded a "remarkable" performance
Arnault restructures holding company to ensure family control of LVMH
The French billionaire Bernard Arnault is turning his holding company Agache into a joint-stock partnership to guarantee that its control over the LVMH group will be maintained in the long term
Zèta: we are always on the lookout for new waste to recycle
We spoke with Laure Babin, the CEO of the zero-waste sneakers brand Zèta. Made exclusively from recycled, vegan and recyclable materials, the shoes are designed in Bordeaux, manufactured in Portugal and sold only across Europe to reduce the carbon footprint
France Retail: retailers’ confidence sank in the first quarter of 2022
Despite the Eurostat TCF (Textile, Clothing and Footwear) suggesting the return of retail to normalcy, there are red signs undermining not only consumers’ confidence, but also the retailers’ one, who before had displayed some insensitivity towards risks. Surging energy prices, inflationary pressure and the war in Ukraine are overshadowing any boost from an easing of COVID-19 restrictions. The subsequent increase in costs does make us wonder why TCF retail is not in the red yet
Arnaud Haefelin: exports are the main driver of the French leather goods sector
We spoke with Arnaud Haefelin, who is the President of the French Leather Goods Federation (FFM), to discuss the priorities of his third term at the helm of the association
RE:GROUND: the sneaker made with recycled coffee grounds
In partnership with Nespresso, Zèta created a sneaker that uses recycled coffee grounds, inspired by the principles of zero-waste, eco-design and French style. The sneakers are made in Portugal
France: footwear exports on the rise
International trade data released by the French National Leather Council (Conseil National du Cuir or CNC) shows that footwear exports continued to grow at a faster rate than imports in 2021-
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