News
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
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
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
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
Primark lowers prices across selected ranges of kidswear essentials
The fashion retailer has announced that it will lower prices on essential children’s items from the end of July to help British families cope with the ongoing high inflation
Kering buys a 30% stake in Valentino and announces first half results
The owner of Gucci will take a 30% stake in Valentino for 1.7 billion euros, with an option to buy 100% of the Italian brand's capital until 2028. Meanwhile, Kering's first half results disappoint
Assopellettieri names a new President
Claudia Sequi, Vice President of the Firenze-based Pelleterie Claudia, is the new President of the Italian Leather Goods Association for the 23/23 period. She succeeds Fabio Gabbrielli
Crocs hits quarterly revenue of more than 1 billion USD
The US-based footwear company posted a revenue growth of 11.2% in the second quarter of fiscal 2023, reaching 1.07 billion US dollars, as compared to the same period of 2022
2022: global footwear production reaches 23.9 billion pairs, back to pre-pandemic levels
In 2022 footwear production and exports grew by 7.6% and 9% respectively. Data are taken from the World Footwear Yearbook 2023 just released by APICCAPS, the Portuguese Footwear Association. Global footwear production reached the 23.9 billion pairs threshold, bouncing back to pre-pandemic levels. Last year 15.2 billion pairs were exported worldwide, representing a recovery from the drop registered as a result of the pandemic, yet still below the record registered in 2014 (15.7 billion pairs)
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