France
LVMH acquires stake in Rimowa
A major stake (80%) of the German premium luggage maker, known for its lightweight suitcases, was acquired by the French-based luxury house
Qatari fund buys Balmain
Mayhoola for Investments is the Qatari fund already owning the Italian fashion house Valentino. Now it acquired the French-based maison
Brazilian Footwear identifies targets for next two years
This incentive program aimed at footwear exports and developed by Abicalçados and Apex-Brazil is renewed every two years since its implementation in 2000
Brazilian footwear exports recover ground but are still below expectations
According to data released by Abicalçados, footwear exports were down by 6.1% in the first quarter of 2016, compared to similar period last year. Notwithstanding, in March a recovery was registered
Strong growth registered by Hermès
Revenue amounted to 4 841 million euros, up by 17.5%. Operating income totaled 1 541 million euros, increasing by 18.6%
French leather sector with 11% growth on exports
Exports across the French leather sector, taking all products into account, grew by 11% in 2015, generating a total of 9.3 billion euros
Paris Fashion Week says no to new shows model
The governing body of the Paris Fashion Week - the Fédération Française de la Couture du Prêt-à-Porter des Couturiers et des Créateurs de Mode - has announced that it intends to stand by the current system of showing collections six months in advance of them being available to purchase
Yves Morin, President of the UITIC, live on World Footwear
The 19th Congress of the UITIC - International Union of Shoe Industry Technicians will take place in Chennai from the 3rd to the 5th of February. Mr. Yves Morin is the President of the UITIC and CEO of the CTC Groupe
Kering closes the sale of Sergio Rossi
The Kering group has completed the sale of the Italian luxury shoemaker to InvestIndustrial
Kering with 15% revenue growth
France-based leader in apparel and accessories has announced 15.2% revenue growth in the first nine months of the year. Revenue generated by Luxury activities up by 16.5%. Sport & Lifestyle activities grew by 12.8%
Panafrica reaches crowdfunding goal in its first day
Within eight hours following its launch, the France-based company saw its project reaching the goal of securing a minimum of 200 pre-orders and has now set up a new goal
Hermès buys Tanneries du Puy
Hermès Cuir Précieux announced the acquisition of one of its historical leather partners and suppliers
Hermès consolidates growth in sales
The France-based luxury brand continues with good performance in revenue. The group confirmed its medium-term goal for 2015 with revenue growth at constant exchange rates of 8%.-
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