News
LVMH reshuffles leadership at Givenchy
Amadine Ohayon is set to take the reins at Givenchy, replacing Alessandro Valenti. Valenti is leaving after just 18 months to take up a senior position at Christian Dior Couture
Next raises profit forecast on strong Christmas sales
The UK-based fashion retailer has reported strong and better-than-expected Christmas trading results, prompting it to raise its full-year profit forecast
Two Ten Footwear Foundation appoints new Board Chair and Vice Chair
The US-based charitable foundation has appointed Jonathan Frankel, President of Aldo Product Services, as Board Chair, while Ed Rosenfeld, Chairman and CEO of Steve Madden, now serves as Board Vice Chair
Signs of stabilisation emerge in the Italian footwear industry
According to Assocalzaturifici, the Italian footwear industry is beginning to stabilise following a challenging start to the year. However, activity remains below 2024 levels
New Generation: Edgar Ferro from Fernando Ferro & Irmão
Edgar Ferro, who has a degree in Business Management, is the second generation to take the helm at the family-owned technology company founded by his father and uncle 25 years ago
Saks Global names new CEO as bankruptcy filing looms
The parent company of Saks Fifth Avenue has announced that Richard Baker will now take the helm, while retaining his role as Chairman. This statement comes after accounts of potential preparations for bankruptcy
Dr Luis Zugno: Leather Naturally plays a key role in raising awareness about leather
We spoke to Dr Luis Zugno, Chair of Leather Naturally, a non-profit organisation dedicated to leather education and the promotion of compliant, regulated leather manufacturing. Our conversation focused on the organisation’s role in the industry and current debates surrounding leather
LVMH acquires Les Editions Croque Futur
The France-based luxury conglomerate has announced its acquisition of the French publishing house Les Éditions Croque Futur, owner of the publications Challenges, Sciences & Avenir and La Recherche
Cotance and industriAll Europe outline roadmap for the EU leather sector
Cotance and industriAll Europe have adopted a new Social Dialogue Work Programme 2026-2030. This is aimed at strengthening the skills, sustainability and competitiveness of the EU leather industry
Kering formalizes acquisition process of Raselli Franco Group in stages
The France-based luxury group has announced a staged acquisition of jewellery maker Raselli Franco Group. The deal will begin with the purchase of a 20% stake in the first quarter
European footwear and apparel industries face reindustrialisation challenges
With production still concentrated in Asia, the European footwear and apparel industries are navigating reindustrialisation, with value-added manufacturing, regulation and sustainability emerging as key factors
Footasylum to expand across the Gulf region
The UK-based retailer has partnered with Dubai-based Apparel Group in support of its first major expansion into physical retail outside the UK. This move marks the company’s entry into the Gulf market
AI gains ground across the footwear industry
Artificial intelligence is being increasingly adopted across the footwear industry, with applications ranging from optimising design and production to managing the supply chain and creating smart footwear
Arklyz closes deal to acquire Gabor Shoes
The Switzerland-based sports and lifestyle group has announced the completion of its acquisition of Gabor Shoes. No financial details of the transaction have been released
Rethinking business models in a changing footwear market
In response to evolving market conditions, footwear companies are reshaping their business models through customisation, digitalisation and the use of artificial intelligence
Prada turns Kolhapuri controversy into artisan partnership
The Italy-based luxury group is collaborating with Indian artisans on a limited-edition sandal collection inspired by the country’s traditional footwear, aiming to turn cultural appropriation backlash into a positive partnership
Footwear industry looks to technology and innovation to shape its future
Innovation and technology were at the centre of a discussion on the future of the footwear industry. The speakers of an international conference held under the FAIST Agenda addressed issues such as production shifts, adoption barriers, and workforce transformation
Chinese Group HSG Takes Majority Stake in Golden Goose
Under the new ownership structure, Permira will retain a minority stake, Silvio Campara will remain Chief Executive Officer, and Marco Bizzarri is set to become non-Executive Chairman
Puma secures 608 million euros in new financing
The Germany-based company has secured additional financing in the form of a 500-million-euro bridge loan and confirmed credit lines totalling 108 million euros. The aim is to increase overall flexibility and headroom
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