World Footwear

Fashion

Ferragamo's revenue up by 44.1%

Jul 22, 2021 / Italy
The increase in revenue has been achieved despite the permanence, in some countries, of lockdowns and bans driven by COVID-19. On the 30th of June 2021, Ferragamo was operating with 53% of retail stores at full capacity

Nordstrom with new Chief Human Resources Officer

Jul 22, 2021 / United States
The fashion retailer announced Farrell Redwine as its new Chief Human Resources Officer. She will join the executive team and report to Nordstrom CEO Erik Nordstrom

LVMH to buy majority stake in Off-White

Jul 20, 2021 / France
The international luxury group announced the acquisition of 60% of shares of Off-White LLC, owner of the Off-White brand

L Catterton acquires majority stake in Italian-based Etro

Jul 19, 2021 / Italy
Under the agreement, L Catterton Europe will acquire a majority stake in the company, while the Etro family will retain a significant minority. Founder Gerolamo Etro will be appointed as Chairman

Administrators appointed to liquidate Arcadia Group

Jul 16, 2021 / United Kingdom
Auditing firm Mazars has been appointed as liquidator to oversee the process. They will focus on what remains of Sir Philip Green’s collapsed Arcadia Group empire

Nordstrom acquires minority stake in Asos brands

Jul 12, 2021 / United States
Asos has formed a joint-venture with US-based multi-channel retailer Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands

LVMH appoints Vanessa Moungar Director of Diversity and Inclusion

Jul 9, 2021 / France
Continuing on its strategy to reaffirm its interest in diversity and inclusion, the French luxury group has just recruited a director of “Diversity and Inclusion”, the Franco-Chadian Vanessa Moungar, known for her commitment to social justice in the world

H&M reports profit

Jul 8, 2021 / Sweden
Sweden-based fashion brand Hennes & Mauritz AB announced profit for the second quarter around 3.6 billion Swedish Krona (422 million US dollars), growing by 10 billion Swedish krona (1.2 billion US dollars) from the previous period

Gap closes its stores in the UK and Ireland

Jul 7, 2021 / United Kingdom
The American fashion group, owner of tags such as Gap, Banana Republic, Old Navy, Athleta, decided it would no longer have a physical presence in the UK and Ireland. In France and Italy, it has identified local partners who may continue to operate the brand

Ferragamo with 10% growth in sales

Jul 6, 2021 / Italy
As of the 31st of March 2021, the Salvatore Ferragamo Group reported total revenue of 245 million euros, up by 10.3% at current exchange rates (+13.0% at constant exchange rates), which compares with 222 million euros recorded in the first quarter of 2020

UAE: 46% of consumers expect the effects of the pandemic to last another year

Jun 30, 2021 / United Arab Emirates
This is according to a study by Kearney, which also revealed that 73% of consumers have changed their shopping habits to adapt to the new normal, with expenditure on essential items showing a sustained increase, and spending on non-essentials continues to decline

CEO Marco Gobbetti is leaving Burberry by the end of the year

Jun 29, 2021 / United Kingdom
Burberry announced that Marco Gobbetti has notified the Board of his intention to step down as Chief Executive Officer and leave the company at the end of 2021. Mr. Gobbetti is joining Ferragamo

PVH is selling Heritage business to Authentic Brands Group

Jun 25, 2021 / United States
The American-based fashion company has announced it is exiting the Heritage Brands business with Sale of IZOD, Van Heusen, ARROW and Geoffrey Beene Brands to Authentic Brands Group. PVH is reinforcing focus on the global growth of Calvin Klein and Tommy Hilfiger

Richemont: profits rise despite falling sales

Jun 22, 2021 / Switzerland
Despite a still uncertain economic scenario, luxury giant Richemont managed to register net profit rising by almost 40% in the fiscal year ending at the end of March 2021

DiVERGE promotes social entrepreneurship project

Jun 18, 2021 / Portugal
Nine people from Bairro do Zambujal participated in a new program to fight social exclusion through training and empowerment of young people from underprivileged neighbourhoods
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