Companies
Aldo to continue investing in the Gulf region
The Canada-based shoe company Aldo will continue to invest in the Gulf region where it has a network of 185 stores
Skechers raises 1.8 million US dollars for kids
The 9th edition of Skechers Pier to Pier Friendship Walk raised more than 1.8 million US dollars for children with special needs and education, exceeding its goal. The walk reached a new record with more than 13 000 walkers and participants
Strong quarter for Wolverine
Reported revenue for the third quarter reached 581.3 million US dollars. Company congratulates itself for results above expectations and reaffirms outlook for the year at its upper end
Kering might be considering Puma’s sale
Luxury group Kering has appointed the financial services group Rothschild & Co. to handle the potential sale of Puma, the sportswear brand from the group’s portfolio
Grendene maintains targets
The Brazil-based company has announced net revenue up by 9.0% in the first nine months of the year. Despite the difficulties in the markets, the company says its business is performing well and will maintain the guidance for the year
Declining revenue at Tod's
The Italy-based luxury group has announced decreasing revenue for the first nine months of 2017. A declining performance across all geographies and most of business segments was registered
New quarterly sales record for Skechers
The US-based sportswear giant has increased net sales by 16.2% in the third quarter of the year, reaching a new all-time high
DeGier, the dream of making the best shoes
DeGier was born with the dream and purpose of making top quality footwear while remaining faithful to the ancient craftsmanship techniques already in use in the company
Asics wants to make soles in a microwave
The Japanese brand is testing a new way to produce the midsoles of sneakers with microwave technology. Asics believe this can lead to usage of 90% less energy than standard production techniques
Aldo Camuto deal is off
The acquisition of the footwear business of the Camuto Group by footwear company Aldo is not progressing. Aldo announced it saying both parties have decided not to pursue. Both brands plan to continue working as partners
Athleisure products drive Stella’s growth
The Hong Kong based footwear giant has announced volumes increasing by 4.1% in the third quarter, with revenue down by 2.5%. The first nine months registered increases in both volume and vale much driven by the athleisure segment
Hermès to expand production in France
The France-based luxury group has announced it will open two new leather-goods production sites within the next two years in France
Michael Kors completes acquisition of Jimmy Choo
Under the terms of the transaction, Jimmy Choo shareholders received 230 pence per share with a total transaction value of approximately 1.35 billion US dollars
Net sales at Steve Madden up by 8%
The US-based footwear brand has announced the results for the third quarter. Sales increased by 8% compared to similar period last year. The company is keeping the guidance for the full year
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