News
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
Overstate, inspired by the urban lifestyle
A young brand born in Guimarães, one of the most important regions for footwear manufacturing in Portugal, within a family business, where the art of shoemaking was passed on from generation to generation
LVMH Designers Prize winner announced
French designer Marine Serre of MARINE SERRE was the recipient of the LVMH Prize for Young Fashion Designers for 2017
Burberry with 3% increase in sales
The UK-based fashion house has announced a 3% underlying retail revenue growth for the first three months of the fiscal year, compared with the same period last year
Alpargatas might be sold again
J&F Investimentos, the controlling shareholder of the Brazil-based casual footwear manufacturer, might be negotiating to sell Alpargatas
Exports in Bangladesh cross historic milestone
According to the local association, in the current fiscal year 2016-17 (July-June), exports earnings from the leather goods and footwear sector reached 1 billion US dollars
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