Companies
LVMH says its first quarter showed good resilience
The French-based luxury group recorded revenue of 10.6 billion euros for the first quarter of 2020, down by 15% compared to the same period in 2019 and down by 17% on an organic basis
One date for Gallery Fashion, Showroom Concept & Gallery Shoes
Igedo, the organisers of the events, have decided to hold them on the same date. Dusseldorf will receive the fashion world by the end of August
adidas gets approval for syndicated loan involving state-owned bank
The sportswear giant received the approval of the German government for the participation of KfW, Germany’s state-owned development bank, in a syndicated revolving loan facility amounting to 3.0 billion euros
Nike names Ann Hebert GM for North America
Effective from the 1st of June Nike veteran Ann Hebert, Vice President of global sales, will become Vice President, General Manager of North America Geography, succeeding long-time executive Tom Peddie who is retiring
Virtual format for Wolverine's Annual Meeting of Shareholders
The Michigan-based company has announced it will hold its 2020 Annual Meeting of Shareholders in a virtual only format due to public health considerations arising the Covid-19 pandemic
COVID-19 will impact the way the footwear supply chain is organised
The World Footwear' experts panel, gathering specialists from all over the world, believes that the Covid-19 crisis will result in a re-thinking of the supply chain and the way it is organized
Trump administration announces 90-day duty payment delay
The announcement was well received but the footwear industry associations claim an extension to all goods, as any products facing punitive tariffs imposed by the administration in its trade war with China are excluded
Puma to propose Suspension of Dividend and to hold digital AGM
Given the strong negative impact of the Covid-19 crisis in the business, the Management Board of PUMA SE has decided to propose to the AGM the suspension of the dividend payment for fiscal 2019
US footwear industry claims for more support
As we write this article the US is the country with the largest number of infected people with Covid-19 (almost 760 thousand people) and fatalities. The footwear industry claims for more assistance
New Generation: meet Ana Neto and Daniela Marques
Two friends of a lifetime have come together to bring to life a shared dream: create a business. And the brand Maria Maleta was born
Dickies to make 3.4 million isolation gowns for health care workers
Legacy workwear brand, Dickies, and parent company, VF, announced the beginning of the production of medical gowns for US healthcare workers
Belgium: start of the summer sales put back to 1st of August
This year’s summer sales will start a month later than normal in Belgium. The decision to postpone the start of the sales by a month is an attempt to mitigate the economic impact of the coronavirus pandemic on retail
LVMH cancels prize final and launches solidarity fund
As a result of the Covid-19 pandemic, the final of the 7th edition of the LVMH Prize for Young Fashion Designers, originally scheduled on 5th June 2020 at the Louis Vuitton Foundation, has been cancelled
Andrew Tam appointed as CFO of Stella International
Don Lee is retiring as CFO and will become a consultant to the Group. Andrew Tam will take on the position from April 2020 onwards
Brazil: 86% of the Brazilian footwear factories are paralyzed
The South American country has almost 29 thousand reported cases of Covid-19 and more than 1 700 deaths. Most of the footwear factories have stopped operations-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
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