United Kingdom
Fashion chain LK Bennett to file for administration
The UK-based premium fashion chain, retailing womenswear, leather footwear and accessories, has called in administrators. 500 jobs are at risk
Giorgio Presca is Clarks new CEO
This nimination takes place after Mike Shearwood stepping down last year. Giorgio Presca will be responsible for all aspects of the business after a transiction period working alongside with the interim CEO Stella David
JD Sports buys 8% stake in Footasylum
JD Sports acquired 8 676 878 shares in Footasylum plc representing 8.3% of the issued share capital of the company
Capri announces quarter results
A global fashion luxury group, Capri Holdings announced its financial results for the third quarter of fiscal 2019 (ended 29th of December 2018). Good performance marks a quarter in which the Versace acquisition was also completed
tReds falls into administration
The UK-based footwear retailer, with a chain of footwear stores across the UK and an online operation, has been placed into administration
Sri Lanka: revenue from footwear and leather tripled
According to statistics issued by the local entities revenue generated by exports of these industries have presented a very dynamic performance in over one decade, growing by 300%
Capri Holdings completes acquisition of Versace
Capri Holdings Limited, a global fashion luxury group, announced it has changed its name from Michael Kors Holdings Limited, and from today its New York Stock Exchange ticker symbol will be CPRI. The company also confirmed it has completed the acquisition of Versace
Michael Kors results surpass expectations
Second quarter results for the Michael Kors Group exceed expectations. While the Michael Kors brand performed flat compared to the prior year, Jimmy Choo results were better than anticipated
Farfetch acquires Stadium Goods
With this acquisition of the sneaker and streetwear marketplace, Stadium Goods, Farfetch will expand its offering in the premier sneaker and streetwear category, which is part of the fast-growing premium sportswear market
Pentland secures Karen Millen global footwear license
Pentland Brands will make footwear for fashion brand Karen Millen. The first collection resulting from this new partnership should be ready for the autumn-winter 2019-2020 season
Robust year for Dr. Martens
The iconic British brand announced double digit revenue and EBITDA growth across all regions, with the EMEA region performing very strongly. Dr. Martens has made significant progress against all strategic priorities, particularly in growing its Direct to Consumer channels
Van Dal Shoes factory closes in the UK
For many this is the end of an era in Norwich, traditionally one of the main regions for footwear production in the UK. Following changes that have taken place since the hay-days of the mid 1980’s, this is just the symbolic end of the current chapter of the local footwear manufacturing scene
Allbirds to open first UK store
US–based footwear brand Allbirds, focusing on sustainable footwear, has signed for its first UK store in London’s Covent Garden, which will open later this month
Michael Kors acquires Versace
The London-based fashion luxury group announced a definitive agreement to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace for a total value of 1.83 billion euros. Holdings Limited will be renamed to Capri Holdings Limited
New President of Michael Kors Men's
The London-based fashion luxury group announced Andrea Pesaresi as the new President of Michael Kors Men’s. Mr. Pesaresi’s appointment will be effective from the 15th of October onwards-
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