France
Nicolas Kirkwood to become independent from LVMH
The British-based footwear designer and the French luxury conglomerate LVMH will go separate paths going forward. LVMH acquired the Nicolas Kirkwood label in 2013
LVMH not to go ahead with Tiffany deal
The French luxury goods giant LVMH has said it is not proceeding with the deal to acquire the US-based jeweller Tiffany & Co. Tariffs fight between the US and France might have contributed to the decision
Première Vision turns digital
The upcoming edition of Première Vision Paris will now be held in a digital format on the previously scheduled dates, from the 15th to the 16th of September
Chanel buys Conceria Gaiera
This new deal will contribute to increasing Chanel’s control on the supply chain of leather. The French luxury brand had already made similar deals in the past
Hermès: revenue dives by 41% in the second quarter
At the end of June, revenue for the semester was down by 24% at current exchange rates. In the second quarter revenue was down by 41%, as Hermès took the hit of the COVID-19 pandemic
Kering with double-digit drop in revenue
The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering named this the toughest period they ever faced
LVMH with 84% decline in net profit sees recovery in China
In the first half of the year, LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros in the first half of 2020, down by 27%. Net profit was down by 84% in the period. However, the group already witness recovery in China
Messe Frankfurt France is providing a new digital platform
The organiser of the international textile fairs Messe Frankfurt France teamed up with Foursource to offer a digital platform for Fashion fairs: Apparel Sourcing, Avantex, Leatherworld, Shawls&Scarves, Texworld and Texworld Denim Paris
Brazil: footwear exports increased in June compared to May
After four consecutive months of decline, footwear exports from Brazil increased in June compared to the previous month, in both volume and value. When compared to similar period last year, the decline rate in pairs and revenue was above 40%
JB Martin closes doors
JB Martin, born 99 years ago in Fougères and a historic player in the French footwear industry disappears as the brand was liquidated by the Paris Commercial Court at the beginning of June
Kering announces new additions to the Board of Directors and publishes Biodiversity Strategy
Kering’s shareholders have approved the appointment of Ms. Jean Liu, Mr. Tidjane Thiam and Ms. Emma Watson as Directors during their Annual General Meeting. The luxury group also published its biodiversity strategy and announces its targets
New appointment to Richemont Senior Executive Committee
Philippe Fortunato has been nominated to head the fashion and accessories division of the luxury group, which includes brands such as Chloé, Dunhill or Montblanc, amongst others
Messe Frankfurt France cancels September 2020 shows
The event’s organisers announced they will not go ahead with the September 2020 edition of its co-locating tradeshows Apparel Sourcing, Avantex, Leatherworld, Shawls&Scarves, Texworld and Texworld Denim Paris
Brazilian footwear exports decreased by 66% in May
Data prepared by the Brazilian Footwear Industries Association (Abicalçados) indicates that 2.7 million pairs were shipped in May, generating 23.9 million US dollars of revenue. This resulted in decreases both in volume (-64.7%) and in value (-66%)
LVMH will not renegotiate the Tiffany's deal for now
The French luxury goods giant is not expecting to renegotiate the 16.2 billion US dollars acquisition deal of US-based jewellery chain Tiffany & Co after deliberations on the matter, Reuters is reporting-
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