Brands
Umbro extends South America license
The owner of the brand, Iconix Brands Group, has announced a ten-year extension of Umbro’s licensing agreement with long-time partner Grupo Dass
LVMH with 16% revenue growth
Moët Hennessy Louis Vuitton, one of the world’s leading luxury products group, recorded a 16% increase in revenue, reaching 38.4 billion euros in the first nine months of 2019
Jesus Shoes sold out in a minute
With holy water from the Jordan River on the sole, the Jesus Shoes sold out in a minute. The base model, the Nike Air Max 97 has a selling price around 160 US dollars
Hermès in expansion mode
The French-based luxury house announced the creation of a new leather goods workshop straddling the villages of Tournes and Cliron (Ardennes) by 2022
Kering: another step away from Puma
Kering launches an offering of bonds exchangeable into existing ordinary shares of Puma due 2022 for a nominal amount of 500 million euros. Another step by Kering to reduce its remaining stake in Puma
Rip Curl sold to Kathmandu
The acquisition of Rip Curl by Kathmandu creates an Australasian based surfing and outdoor adventure lifestyle company offering a varied technical based product mix
Apex Global Brands adjusts outlook
The company reported second quarter results and took the opportunity to lower its fiscal year outlook due to economic uncertainty, Brexit and the impact of a weakened British pound sterling and Euro
Office completes debt restructuring
South-Africa based Truworths announced that it has concluded an agreement to refinance the funding for its Office footwear retailer in the UK
Caleres updates strategic growth plan and financial targets
The US-based footwear giant underlined its focus on customer, products and innovation to ensure a winning strategy. Caleres also introduced its 2022 financial targets
Kering appoints new Chief Diversity, Inclusion and Talent Officer
According to the group the appointment of Kalpana Bagamane Denzel as Chief Diversity, Inclusion and Talent Officer signals a new stage in Kering’s determined action in support of diversity
Asics extends partnership with IAAF until 2029
The two entities announced the renewal of their partnership and Asics’s commitment to the world of athletics with the signing today of a new 10-year agreement as an Official IAAF Partner
Kering commits to full carbon neutrality
The entire group is focusing on becoming carbon neutral within its own operations and across the entire supply chain. As a next step in its long-term commitment to sustainability, Kering will offset the Group’s annual Greenhouse Gas (GHG) emissions from 2018
LVMH's engagement with environment and biodiversity
The group announced the acceleration of its commitments to protect biodiversity during an event held in Paris centred on the LVMH Initiatives for the Environment program (LIFE program)
VF updates long-term strategic growth plan
The Denver-based business provided an update to the company’s strategic growth plan and key initiatives to deliver long-term sustainable growth and value creation
Nike with new initiatives to tackle climate change
The sportswear giant has announced new initiatives of the Move to Zero program. Nike claims this translates their aggressive effort to combat climate change-
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