News
Continued growth at 361º
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the third quarter of 2018
VF raises outlook
The North-Carolina company has raised its full-year fiscal 2019 outlook after a 6% revenue increase in its second-quarter results
Skechers with record sales
The US-based footwear giant reported sales of 1.176 billion US dollars for the third quarter, an increase of 7.5%, or 8.5% on a constant currency basis, another record quarter. International wholesale sales increased by 11.8%
Caleres acquires Vionic
The St. Louis-based footwear group has announced it has acquired Vionic Group for 360 million US dollars, subject to certain adjustments. The deal allows Caleres to continue to expand its brand portfolio and gives it additional access to the growing contemporary comfort footwear category
European Commission adopts FTA with Vietnam
Today the European Commission adopted the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion. The Commission is committed to putting these agreements in place as soon as possible
Marko with new investment plan for Uzbekistan
The Belarusian footwear manufacturer Marko has unveiled a major investment plan for Uzbekistan, where it is expected to manage two units with production capacity over 1 million pairs
New increase in Cambodia's minimum wage
The Cambodian government set a new monthly minimum wage for the country's garment and footwear industries. The minimum salary for 2019 will be 182 US dollars, up by 7% from the current 170 US dollars, Labor Minister Ith Samheng announced
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
11% organic revenue growth for LVMH
LVMH Moët Hennessy Louis Vuitton recorded a 10% increase in revenue, reaching 33.1 billion euros in the first nine months of 2018. Organic revenue grew by 11% compared to the same period in 2017
Vulcabras and Under Armour set partnership in Brazil
The two companies have announced an agreement by which, for ten years, Vulcabras will have exclusivity in the distribution and licensing of the Under Armour brand in Brazil for all footwear, clothing and acessories
Authentic Brands and DSW acquire Camuto
Authentic Brands Group LLC (ABG) has entered into a definitive agreement to purchase a majority stake in the intellectual property of the Camuto Group's proprietary brands in partnership with DSW Inc.
Allen Edmonds with new brand campaign
Men’s footwear brand Allen Edmonds is launching a storytelling campaign that leverages the brand's focus on American crafted footwear
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