Companies
Portuguese brand Caina debuts with a line of timeless bags
This new Portuguese handbag brand aims to promote women’s empowerment by combining practicality with elegance and timelessness. It was launched on the 30th of May
Primark plans significant workforce cuts
The international retailer plans to reduce staff in key support functions, impacting about 7% of Dublin HQ jobs, as it restructures to maintain competitive pricing and invest in overseas markets
Nike reports fourth-quarter and full year results
The US-based sportswear company saw declines in revenue for both the quarter and full year, but remains hopeful, repositioning through a sport-focused strategy to renew consumer connection
adidas names Markus Morent to lead Korean Market
The German sportswear company appoints Markus Morent as head of adidas Korea, signalling renewed focus on consumer experience and growth as the company posts strong early 2025 results
H&M reports first half progress
Despite reporting only a slight increase in sales in the second quarter and the first half, Daniel Ervér (CEO) highlighted the progress that the Sweden-based fashion group is making towards achieving healthier profitability
Bata Group appoints Panos Mytaros as CEO
The Swiss-based footwear group has appointed the former CEO of Danish group Ecco, Panos Mytaros, as its new head. He will join in September, taking over from Sandeep Kataria
Havaianas with new distribution model in North America
Alpargatas has entered into a supply chain and distribution agreement with the Eastman Group for its flip-flop brand in North America. This marks a shift from a direct operations to a distributor model
Portuguese group Kyaia launches new footwear brand
The Fred&Frederico brand, which was launched earlier this year and takes its inspiration from mountain sports, is a tribute to the founding family of the Kyaia Group
Ecco and Lowa to close factories in Slovakia
This summer, the German outdoor footwear brand Lowa and the Danish footwear brand Ecco are set to close their factories in Slovakia. This is a cause for concern for the country’s footwear industry
Kizik names former Nike veteran as CEO
The Utah-based slip-on footwear brand and its parent company, HandsFree Lab, have appointed Gareth Hosford, the former Nike and Converse executive, as Chief Executive Officer
Prada acquires a 10% stake in the Rino Mastrotto leather group
The Italian luxury group will hand over two tanneries to Rino Mastrotto, as well as an unspecified cash investment. This will enable Prada to exert greater control over its production process
Luca de Meo appointed Chief Executive Officer of Kering
The CEO of the automotive group Renault has been appointed to the role of Chief Executive Officer of the luxury group Kering, marking a change in the company’s governance
Inditex reports slower growth in the first quarter
The Spain-based fashion retailer saw a 1.5% year-on-year increase in sales in the first quarter of 2025. However, these figures fell short of expectations, highlighting a more challenging economic environment
Designer Brands posts weak first quarter, withdraws full year outlook
The Ohio-based company has posted weak results in the first quarter. Due to ongoing instability and pressure on consumer discretionary spending, it has also withdrawn its full year outlook
Dr. Martens unveils a new strategy aimed at returning to growth in FY26
Having delivered on its full year 2025 objectives, the footwear company has launched the Levers For Growth strategy, with the aim of returning to growth over the current fiscal year
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