World Footwear

Luxury

LVMH announces first half results

Jul 27, 2022 / France
"In a still disrupted environment", the French-based luxury group posted revenue growth in the first half of the year. The fashion & leather goods segment recorded a "remarkable" performance

Manolo Blahnik wins 22-year trademark battle in China

Jul 25, 2022 / United Kingdom
The British luxury shoemaker announced that it has won the long-running legal battle in China to use its name, becoming able to enter the world’s fastest-growing luxury market for the first time

Lockdowns in China hit Burberry's sales

Jul 18, 2022 / United Kingdom
The luxury group reported in a trading update that despite an overall recovery, sales in Mainland China dropped by 35% in the first quarter of 2022, as compared to the same period of last year

Gucci partners with Ellen MacArthur Foundation

Jul 15, 2022 / Italy
The Italian-based fashion House announced that it became a strategic partner of the Ellen MacArthur Foundation to accelerate its commitments towards a more circular economy

Global personal luxury goods market to reach 360 to 380 billion euros by 2025

Jul 8, 2022 / United States
Despite the challenges and disruptions that happened at the start of 2022, the global luxury market will reach 360 to 380 billion euros by 2025, following the rebound experienced in 2021

Ferragamo opens NFT booth in Soho's concept store

Jul 4, 2022 / Italy
The space, conceived as a new retail experience and creative hub, includes a hologram sneaker customization tool and an immersive NFT boot that allows customers to create their digital artwork

Burberry renews partnership with Myhtical Games

Jun 27, 2022 / United Kingdom
The luxury group revealed its second NFT collection with Mythical Games in its flagship Blankos Block Party. The collaboration includes social spaces for communities within the game

Balmain partners with digital artist Jeff Cole

Jun 23, 2022 / France
The French house is teaming up with the artist on the launch of exclusive artwork for the Balmain Unicorn sneaker. Balmain is yet another luxury brand to explore the metaverse

Roberto Massardi is Prada's new Chief Business Development Officer

Jun 16, 2022 / Italy
The Italian luxury brand appointed Roberto Massardi as chief business development officer in May. Mr. Massardi will be responsible for the strategic development of the group

Farfetch to accept cryptocurrency payments

Jun 14, 2022 / United Kingdom
The luxury e-tailer will enable cryptocurrency payments for private clients on its marketplace in the coming months and then expand to all customers in the US, the UK, and Europe from late 2022

Capri Holdings supports creation of the Versace Foundation

Jun 7, 2022 / United Kingdom
The company has guaranteed 10 million US dollars for the new foundation. The aim of the initiative is to support equality, wellness and safety for the LGBTQIA+ community

Government in Pakistan imposes ban on luxury goods' imports

Jun 3, 2022 / Pakistan
The Federal government of Pakistan has decided to impose a ban on the import of luxury goods. The measure is being announced as a preventive step to obviate the threatening default and contribute to control the escalating hike in the dollar against rupee

Capri with revenue and earnings increase

Jun 3, 2022 / United Kingdom
The luxury fashion group reported that revenue and earnings for the full year of 2022 exceeded expectations. Total revenue amounted to 5.65 billion US dollars

Gucci unveils permanent Roblox residency

Jun 2, 2022 / Italy
The luxury house is expanding its presence on the virtual gaming platform through the immersive experience Gucci Town that contains digitized elements of the brand’s real-world offerings

Farfetch announces first quarter results

May 27, 2022 / United Kingdom
The luxury e-commerce platform posted revenue and GMV growth in the first quarter of 2022 despite COVID-19 related restrictions in China and the ceasing of operations in Russia
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