World Footwear

United Kingdom

Kurt Geiger plans 500 job cuts as UK's intends to end tax-free shopping

Oct 26, 2020 / United Kingdom
The luxury footwear and accessories retailer plans to cut 500 jobs, a quarter of its workforce, early next year after the British government announced that it plans to abolish tax-free shopping by the end of the current year

COVID-19 intensifies Mulberry's losses

Oct 16, 2020 / United Kingdom
The UK-based handbag and accessories retailer has been hit particularly hard by COVID-19. When announcing last year's results, Mulberry confirmed a 10% decline in revenue

Clarks to close 50 stores

Oct 16, 2020 / United Kingdom
Clarks is expected to go ahead with a Company Voluntary Arrangement (CVA) which can result in the closure of several of its shops in order to secure a capital injection from Hong Kong-based private equity firm LionRock, Sky News reported

Nicolas Kirkwood to become independent from LVMH

Sep 18, 2020 / France
The British-based footwear designer and the French luxury conglomerate LVMH will go separate paths going forward. LVMH acquired the Nicolas Kirkwood label in 2013

Pentland Brands promotes Chirag Patel to CEO and makes executive team changes

Sep 15, 2020 / United Kingdom
Pentland Brands Limited announced changes to its executive team. The changes include Chirag Patel becoming Chief Executive Officer, having previously served as Deputy Chief Executive Officer

Capri appoints Hannah Colman as Jimmy Choo CEO

Sep 2, 2020 / United Kingdom
Company veteran Hannah Colman has been nominated as Jimmy Coo's new CEO. She started at the brand 24 years ago, as store manager at the brand's first boutique, in London

Capri with revenue down by 66.5%

Aug 14, 2020 / United Kingdom
The UK-based group owner of Versace, Jimmy Choo and Michael Kors has announced first quarter results with a decline in revenue of 66.5%. CEP expects company to be back on growth trajectory in fiscal 2022

DW Sports chain goes into administration

Aug 5, 2020 / United Kingdom
The UK-based chain of gyms and sports retail has confirmed it will enter administration. At risk are 1 700 jobs. Company BDO has been nominated Administrator

Board appointment at Shoe Zone

Jul 28, 2020 / United Kingdom
The England-based footwear retailer Shoe Zone PLC announced it has appointed Peter Foot to the Board of Shoe Zone as Finance Director

Burberry’s sales down by 45% in first quarter

Jul 17, 2020 / United Kingdom
Comparable sales of the Britain-based luxury brand declined by 45% in the first quarter, easing to -20% in June. Growth in Mainland China and Korea in June was ahead of pre Covid-19 levels, with sales of full-price leather goods up strongly in these regions

More changes at Mulberry are underway

Jul 15, 2020 / United Kingdom
Last month, Mulberry announced plans to cut a quarter of its global workforce. Now, the British brand specialized in luxury handbags, should be about to close the offices in Paris and Hong Kong

JD Sports Fashion: reports 3% rise in profit, but predicts uncertain footfall

Jul 14, 2020 / United Kingdom
The sportswear retailer says pace in stores should remain uncertain but believes to be well placed to regain its pre-pandemic momentum after reporting a 3% rise in annual profit

Pentland is cutting jobs and focusing on core brands

Jul 10, 2020 / United Kingdom
The London-headquartered group is the latest fashion and footwear name to implement job cuts amid the coronavirus pandemic- Pentland is preparing a restructure of its strategy

Capri with 70% plunge in first quarter sales

Jul 6, 2020 / United Kingdom
During the first quarter Capri' stores were closed roughly 55% of the period. Given the significant store closures, the gradual recovery in revenue and low wholesale shipments, first quarter fiscal revenue should decline by 70%

T.M. Lewin to close all UK stores

Jul 6, 2020 / United Kingdom
Britain-based menswear brand T.M. Lewin will close all its stores permanently. The brand will remain on the online sphere, its restructurer said on Tuesday
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