France
French Federation with a new Head
Régis Feuillet has been elected President of the French Footwear Federation (FFC) an entity representing 100 footwear companies
Abicalçados and Apex-Brasil renew agreement
During the latest edition of the Francal trade fair, the Brazilian Footwear Industries Association (Abicalçados) announced the renewal of the agreement to maintain the Brazilian Footwear program, developed in partnership with the Brazilian Trade and Investment Promotion Agency (Apex-Brasil)
Hermès to expand site in Saint Junien
The luxury group continues to invest in France, by expanding its facilities and creating new job opportunities
Chanel invests in company focused on sustainable materials
The French-based luxury brand has invested in a chemistry firm that's exploring ways silk could replace chemicals used in clothing manufacturing
France to ban destruction of unsold goods
The country's Prime Minister announced draft legislation to ban the destruction of unsold or returned consumer products. The new measure would oblige brands to donate or recycle unsold goods
India’s leather footwear exports up by 1%
According to the Council for Leather Exports in the first 10 months of the fiscal year exports of leather footwear increased by roughly 1%. Exports of the overall leather industry are declining
Kering to relocate Swiss logistic activities
After the agreement with Italy’s Inland Revenue the French luxury group Kering might be on the verge to relocate most of its logistic activities to Italy
Hermès inaugurates regional training hub in France
The French-based luxury house is strengthening its territorial presence in the country with the inauguration of a seventeenth leather goods workshop in Fitilieu (Isère)
Kering: Italy tax settlement is closed
The French-based luxury group announced that it has concluded a settlement with the Italian Revenue Agency relating to claims vis-a-vis its Swiss subsidiary Luxury Goods International S.A. (LGI)
Hermès with acceleration in sales
In the first quarter of 2019, the group's consolidated revenue amounted to 1 610 million US dollars, up by 16% at current exchange rates and by 12% at constant exchange rates, thanks to dynamic sales growth in group stores (+13% at constant exchange rates)
LVMH completes the agreement with Belmond
The French-based luxury house has announced it closed the deal with Belmond. On the same occasion, dividends referring to 2018 results have been approved
Kering with good performance
The group's revenue in the first quarter of 2019 reached 3.79 billion euros, up by 21.9% as reported (up by 17.5% on a comparable basis). Kering owns a portfolio of brands, which include names such as Gucci and Yves Saint Laurent
LVMH: France’s most attractive employer
Each year Universum conducts an annual survey with more than 35 000 students at French engineering and business schools to rank the companies where they would most like to work. In 2019 LVMH ranked number 1
Good start of the year for LVMH
LVMH recorded revenue of 12.5 billion euros for the first quarter 2019, an increase of 16%. Organic growth was 11% compared to the same period of 2018. All geographic regions are experiencing good growth-
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