Companies
Intersport appoints new CEO
The Switzerland-based sporting goods retailer announced that it has appointed Tom Foley as the new Chief Executive Officer, effective from the 1st of July 2025
Yue Yuen issues profit warning
The Hong Kong-based manufacturing group has told its shareholders that it expects its profit attributable to owners to fall by no more than 25% as compared to 100 million USD in 2024
Jonathan Anderson takes over Dior menswear helm
Jonathan Anderson has been appointed artistic director of Dior's menswear line, the house has confirmed. He succeeds Kim Jones, who stepped down in January
Stella Holdings sees volume growth but revenue decline
The Hong Kong-based footwear group reported volume growth of 3.4% but a 1.8% decline in manufacturing revenue due to increased sports orders. The company continues to diversify its manufacturing base
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Hermès continues to outperform the sector, but growth slows
The French luxury group continues to outperform the sector, but its growth has slowed in the first quarter, as compared to the prior quarter. US prices to rise from May due to the impact of tariffs
What’s next for footwear businesses in a volatile global trade landscape?
We have looked at the prospects for footwear companies in light of the recent US tariffs announcements, highlighting some concerns from both a manufacturing and retail perspective
New North America President at Puma
The sportswear company has announced that Tara McRae will succeed Bob Philion as President of Puma North America, where she will oversee the company’s business in this market
LVMH reports drop in revenue in the first quarter
Amid a disrupted geopolitical and economic environment, the France-based luxury conglomerate has reported a decline in first quarter revenue. Europe was the only region to grow
Prada buys Versace from Capri
Prada S.p.A. and Capri Holdings Limited have entered into a definitive agreement regarding the purchase of 100% of Versace by the Milan-based fashion group
Primark CEO resigns amid allegations of misconduct
Associated British Foods (ABF) has announced that Paul Marchant has resigned as CEO of Primark amid allegations of misconduct. He will be replaced on an interim basis by Eoin Tonge, ABF’s finance director
JD Sports cautious on tariff impact as it announces fourth quarter and full year update
The UK-based sportswear retailer has reported a solid fourth quarter and full year performance in its latest trading update. However, it is cautious about the actual impact of tariffs in the current year
Gerry Weber goes bankrupt again
After its German parent company was declared insolvent, the Dutch branch of women’s fashion chain Gerry Weber has filed for suspension of payments. This is the third bankruptcy in six years
New CEOs at Fendi, Kenzo and Louis Vuitton China
The France-based luxury conglomerate LVMH has appointed Ramon Ros as CEO of Fendi, Charlotte Coupé as CEO of Kenzo and Daniel DiCicco as regional president of Louis Vuitton for mainland China
SECOND CALL: Join the 12th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!-
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