World Footwear

France

Decathlon UK posts loss as it invests in transformation plan

Jun 21, 2024 / United Kingdom
The UK arm of the French-based retailer posted a 2 million British pounds (2.4m euros) loss in 2023, after investing 10 million British pounds (11.8m euros) in transformation initiatives

France Retail: the ball is in the consumers’ court to boost retail

Premium ContentJun 18, 2024 / France
The first quarter of the year brought some contradictory signs in France, but perhaps all is not lost, especially for footwear retailers. Prices in the category have been rising at a slower pace than general items, becoming more stable every month, which perhaps helps explain the (albeit residual) increase in footwear sales in March. Confidence indicators for both retailers and consumers remain in the red, but the small year-on-year increase in imports at the start of 2024 points to higher demand later in the year. With the European elections in June and the Olympic and Paralympic Games in August, as well as real wage growth, the ball is in consumers’ court to boost retail

LVMH increases its stake in the Spanish tannery Riba Guixà

Jun 5, 2024 / France
LVMH’s Métiers d’Art has signed an agreement to increase its stake in Riba Guixà, the Spanish tannery renowned for its expertise in tanning Enterfino lambskin

LVMH extends partnership with Alibaba

May 28, 2024 / France
The French-based luxury group has extended its partnership with the Alibaba Group for the next five years to enhance its omnichannel strategies and digital presence in China

Sustained positive trend in French leather exports

May 2, 2024 / France
According to the latest data from Alliance France Cuir (ex-Conseil National du Cuir), French leather exports slowed in 2023, but still showed a slight increase of 6% year-on-year to 18.9 billion euros

Hermès reports strong first quarter

May 1, 2024 / France
The luxury group reported a first quarter sales growth of 17% at constant exchange, as compared to the same period of last year, “with solid activity in all geographical areas”

Kering expects H1 recurring operating income to decline by 40-45%

Apr 25, 2024 / France
The French-based luxury giant expects its first half operating profit to plummet by 40% to 45%, after reporting a 10% year-over-year fall in sales, largely due to the weak performance of Gucci

Slow start to 2024 for LVMH

Apr 17, 2024 / France
Amid a slowdown in demand for luxury and a challenging geopolitical and economic environment, the French-based luxury group has reported a 3% rise in revenue in the first quarter of 2024

Strong year 2023 for Decathlon

Apr 10, 2024 / France
The French group reported a “robust economic performance” in 2023, saying it had “laid a strong foundation for the future” under its new ‘Move People Through the Wonders of Sport’ strategy

CTC appoints new President

Apr 4, 2024 / France
The French Leather, Footwear, Leather Goods and Gloves sector research centre has elected Arnaud Haefelin to the role of President. He took over from Patrice Mignon at the end of March

France on course to penalise fast fashion

Apr 1, 2024 / France
In mid-March, France’s lower parliament approved a bill imposing penalties on ultra-fast fashion products to help offset their environmental impact. The law has now been sent to the Senate

Toni Belloni to step down as LVMH Group’s Managing Director

Mar 28, 2024 / France
After more than 23 years at Arnault’s side, Belloni will step step down as Group Managing Director and Chairman of the Executive Committee of the LVMH Group, effective from the 18th of April

Kering warns of a 20% slump in Gucci sales for the first quarter

Mar 20, 2024 / France
The French-based luxury group has issued a preliminary statement for the first quarter, warning of a 10% drop in sales, led by its star house Gucci

Arche goes into administration

Feb 22, 2024 / France
The French footwear manufacturer has gone into administration due to a complex situation in the domestic and international markets. While the process runs its course, the company will continue to operate

Hermès posts full year revenue growth

Feb 14, 2024 / France
The French-based luxury group reported “an outstanding performance” across all regions in 2023, with total revenue up by 21% year-on-year at constant exchange rates to 13.42 billion euros
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