World Footwear

Investment

Owner of Lavoro invests 5 million euros to boost productivity

Jun 12, 2023 / Portugal
The Portuguese manufacturer of professional footwear ICC – Footwear Industry and Commerce will invest 5 million euros to increase its productivity by 20% and double sales

Resale platform WeTheNew raises 20 million US dollars

May 17, 2023 / France
The French-based platform specializing in sneakers and streetwear has closed a 20 million euros round of series B funding. This funding will be used to expand the platform's presence abroad

Yue Yuen to invest 276 million USD in a factory in India

May 5, 2023 / India
The Hong Kong-based group has entered into a memorandum of understanding with the government of the state of Tamil Nadu to build a manufacturing facility in India

Deichmann to invest 500 million euros by the end of the year

Apr 6, 2023 / Germany
The shoe retailer plans to invest 500 million euros in 2023 to modernize its store network and open new ones, as well as to boost its international expansion, digitization and logistics capability

VF Corp closes second green bond

Mar 15, 2023 / United States
The US-based company announced that it has closed a second green bond offering of 500 million euros to support further key sustainability initiatives

Vapesol announces new investment

Mar 13, 2023 / Portugal
The Portuguese producer of footwear soles announced an investment in a new pavilion to optimize its response capability. The goal is to reach an annual production of 5 million soles

Portuguese JAK secures foreign investment

Mar 6, 2023 / Portugal
Maisons Julien et Kelly Dassault (MJKD) has formalized a seed investment in the Portuguese unisex sneakers company to support its internationalization efforts

Sportswear brand Castore plans to secure capital injection

Feb 24, 2023 / United Kingdom
The Manchester-based sportwear brand is working with the multinational investment bank Rothschild to raise around 200 million US dollars to fund its expansion

Portuguese footwear invests in a new generation of products

Jan 23, 2023 / Portugal
The Portuguese footwear cluster aims to be an international benchmark in the development of sustainable solutions. With that in mind, 50 new products "with a better ecological footprint" are in the pipeline for the next three years

Simona Tanning and Teh Chang Tannery combine forces

Jan 17, 2023 / China
The two tanneries have announced a joint venture, which will be called Simona TC Company, to develop their operations in China, Vietnam, and Bangladesh, with focus on the footwear business

Mizuno's Innovation Centre in full swing

Dec 28, 2022 / Japan
After three years since the announcement of the investment, the Osaka-based sportswear company reported that its Innovation Centre, called Mizuno Engine, is now operating

Dior buys prints and manual finishings on leather specialist Art Lab

Nov 29, 2022 / Italy
According to the Milanese business newspaper Il Sole 24 Ore, the Parisian-based House has acquired the Tuscan company specialized in prints and handmade finishings on leather

Recycled footwear foam maker Blumaka starts producing in Central America

Nov 22, 2022 / United States
The Californian-based producer of footwear components has signed a lease on a manufacturing facility in El Salvador to expand production and provide US shoemakers with a closer production option

US footwear industry expects sales to decline

Jul 13, 2022 / United States
According to the Footwear Distributors & Retailers of America (FDRA), the footwear industry is pulling back on hiring and investment due to a major forecast of weaker sales for the next six months

Gap and Athleta invest in the footwear and apparel start-up Saysh

Jun 21, 2022 / United States
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix
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