Brands
Bluestar Alliance rescues Scotch & Soda
The US-based brand management company has announced the acquisition of the Amsterdam-based brand, just days after Scotch & Soda declared bankruptcy for its Dutch operations due to “severe cash flow problems”
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France Retail: inflation will yet impact retail, but there is a light at the end of the tunnel
Figures by the Banque de France suggest that retailers may have felt some relief in December 2022, but the weight of inflation in these results must not be overlooked, with turnover growing quite faster than the production itself. Moreover, the impact of inflation on footwear might yet be to be felt. French consumers tend to purchase the category during sales, but retailers may not be able to make the big discounts that would make consumers shop in a context of still significant inflation due to the need of preserving margins. However, there are signs of light at the end of the tunnel, as retailers’ and consumers’ confidence indicators show that there is room, at least, for the ceasing of confidence deterioration in 2023.
Pharrell Williams is Louis Vuitton's new Men's Creative Director
The luxury Maison has announced the appointment of the musician and entrepreneur Pharrell Williams as its new Men's Creative Director, effective immediately
Saye posts a revenue increase of 20% in 2022
The sustainable sneakers brand reached 6.7 million euros in revenue last year, up by 20% over 2021, which reflects a positive performance albeit below previous forecasts
Geox announces full year preliminary results ahead of expectations
The Italian brand posted a sales growth of 21% in 2022 over the prior year, sustained by double-digit growth on all distribution channels and across all the main regions
adidas launches new label
The company has announced the launch of its first new label in five decades, adidas Sportswear, "for everyday movements and occasions", which will be available from the 9th of February 2023
VF Corp opens design collective and regional office in Tokyo
The owner of brands such as Timberland and Vans, among others, has announced the launch of the Tokyo Design Collective alongside an office in the city's Harajuku district to boost its creative reach
Luxury's US growth may slow down
Several analysts believe that the looming recession and rising lay-offs are darkening luxury's outlook in the country for the coming months, following a period of strong sales
Brazilian Arezzo buys footwear brand Vicenza
The Brazilian 'house of brands' has announced the acquisition of Vicenza by 103.8 million Brazilian reais (20.3 million USD), as part of its expansion strategy in the fashion and retail businesses
Sabato De Sarno is Gucci's new Creative Director
The French-based Kering has announced that Sabato De Sarno, currently the fashion director of men's and women's ready-to-wear at Valentino, will assume the role of Creative Director of Gucci
Dr. Martens posts third quarter results below expectations
The British label reported a third quarter revenue below expectations due to "slower than anticipated" DTC growth in America and major operational issues at the LA distribution centre
International Accord arrives in Pakistan
The Pakistan Accord, expected to go into action in the upcoming spring, will address working conditions and safety within the textile and garment supply chains of brands sourcing in Pakistan
American Exchange Group acquires White Mountain Footwear
The US-based designer, manufacturer and wholesaler of footwear and accessories has announced the purchase of the women's footwear label for an undisclosed sum
Aerosoles launches footwear line for children
The US-based brand announced that it will expand into the kids' footwear segment. This launch reflects Aerosoles' efforts to prove itself as a global brand, whose offering ranges beyond women's shoes-
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