News
Loewe opens first leather goods repair store
The Spanish luxury label has opened in Osaka (Japan) its first store entirely dedicated to the repair and maintenance of leather articles. A leather artisan will be in the store ready to repair and renew damaged products brought in
Permira to acquire majority stake in Gruppo Florence
Funds advised by the global private equity firm Permira have agreed to acquire a majority stake in luxury goods manufacturer Gruppo Florence
Nike reorganizes senior leadership team
The sportswear giant is promoting Heidi O'Neill to the role of President, Consumer, Product and Brand, and Craig Williams to President, Geographies and Marketplace
Burberry appoints Alexandra McCauley as Chief People Officer
Joining from the luxury fashion brand Chanel, Alexandra McCauley will manage Burberry’s People strategy globally. She will join the company’s Executive Committee while reporting directly to Burberry CEO Jonathan Akeroyd
Kering unveils new Italian headquarters in the centre of Milan
The luxury group will be the sole occupant of the six-floor Palazzo Pertusati, located in the central Via Senato, with views towards the quadrilatero della moda on one side, and the Giardini di Porta Venezia on the other
Brazil: footwear consumption to increase more than 3% in 2023
According to the forecast by the Brazilian Footwear Industries Association (Abicalçados), in 2023 the sector's growth should take place in the domestic market
France Retail: prospects for the clothing and footwear sectors are still far from positive
The stabilization of the pattern of weakening French consumer confidence in the first quarter of the year cannot mask the pessimism that is still being felt in the country, especially in the context of social unrest. Moreover, in this reality of high inflation, neither do price increases hide the contraction in volumes sold nor is it possible to ignore the difficulties faced by companies more exposed to the domestic market due to increased operating costs (rents and energy) or even the stagnation of the online channel. Retail prospects for the clothing and footwear sectors are, therefore, still far from positive
Lemon Jelly opens a pop-up store at Le Bon Marché in Paris
The Portuguese brand, known for its injected, coloured and lemon-scented footwear, can be found at Le Bon Marché Rive Gauche in Paris until the 18th of June in a colourful summer pop-up
CICB Sustainability Forum will be held at the Fimec Fair in 2024
The CICB Sustainability Forum will once again be held during Fimec (International Fair for Leather, Chemicals, Components, Machines and Equipment for Shoes and Tanneries), in Novo Hamburgo (Brazil)
Foot Locker lowers yearly guidance
In the first quarter of fiscal 2023, the US-based company saw its sales drop by 11.4% year-over-year due to the challenging macroeconomic backdrop, lowering its yearly guidance in result
Saucony's President steps down
Anne Cavassa, who joined Wolverine Worldwide as President of the Saucony brand in 2018, has left the company. Search for a successor is already underway
JD Sports appoints Dominic Platt CFO
British sportswear retailer JD Sports Fashion has appointed Dominic Platt as its Chief Financial Officer, replacing Neil Greenhalgh who is stepping down in the summer after four years in the role
Indian government considering monitoring imports of leather products
The Commerce Ministry in India is considering introducing an import monitoring system for the leather sector. Under such a system, the traders will have to provide advance information about the products to be imported
adidas to release existing YEEZY products this May
The giant sportswear announced it will begin selling some of the remaining inventory of adidas YEEZY products, with an initial release at the end of May 2023
VF reports a revenue decline
The US-based company posted a decrease in revenue and profits in the last quarter of fiscal 2023, but stressed that it has already improved its performance in terms of supply challenges
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