News
The most expensive handbag
Diamond-encrusted Hermes Birkin was sold for over 300 thousand US dollars
Michael Kors acquires Greater China licensee
The acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China, is now confirmed. The deal reached 500 million US dollars in cash, still subject to adjustments
Footwear could benefit from UNIDO’s new programme in Indonesia
The United Nations Industrial Development Organisation (Unido) has announced a new country programme for Indonesia. It will run in the period 2016-2020
Wenzhou and Li & Fung sign 80 million US dollars agreement
The footwear trade deal was announced at the end of the four-day trade promoting activity 2016 Hong Kong and Wenzhou Economic and Trade Investment Cooperation Week
Profitability above expectations at Genesco
Despite a 2% decrease in sales the company manage to consolidate profitability and to increase earnings from continuous operations
Speedfactory will expand adidas production capabilities
The sportswear giant announced that the Germany-based Speedfactory facility will begin large-scale production in 2017
Manolo Blahnik expands in Asia
New stores to open in Japan, Singapore and Malaysia
DSW reduces sales and earnings guidance
The US-based footwear and accessories retailer announced financial results for the quarter with a decrease in comparable sales. The company adjusted their guidance based on current state of the business
CodeNoir with new production unit
The company recently opened a new production unit in Castelo de Paiva. The new plant already has a working team of three dozen people and the company is still recruiting to further strength it
UCLA and Under Armour announce agreement
The University of California, Los Angeles and the sportswear giant have set up a new 15-year performance footwear and apparel agreement
Louboutin loses battle for red protection in Switzerland
The French luxury footwear and fashion designer lost the exclusive rights over its distinctive red sole in a lawsuit
Lavoro with innovative boot
Portuguese-based company ICC - Lavoro launched a new type of boots intended for the timber industry, developed after a challenge presented by a New Zealand customer
Record net sales by Shoe Carnival
The US-based footwear and accessories retailer has reported results for the first quarter ended on the 30th of April. Record net sales of 260.5 million US dollars were registered
EasyJet tests new Sneakairs
The British low-cost airline has developed a prototype smart shoe designed to help tourists visiting their elected cities
Brazilian leather exports increase
According to the Centre for the Brazilian Tanning Industry 15.946 million square meters of leather were exported in April, resulting in growth of 2.3%, in comparison to hides traded in April 2015
Sales at Nordstrom below expectations
The Seattle-based upscale fashion retailer confirmed that first quarter sales were not in line with expectations, impacting the set of results for the period
Nike and HP get together for 3D printing
Sportswear giant Nike continues focused on 3D printing technology with an aim to deliver innovative products and has signed a deal with information technology company HP
adidas & Under Armour reach settlement
The two sportswear giants have come to an agreement in a Patent Infringement Suit filed by the Germany-based company against the American brand and its subsidiary MapMyFitness
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