World Footwear

France

Hermès reduces proposed dividend

Apr 1, 2020 / France
The French luxury goods group said it has decided to reduce its planned 2020 dividend to shareholders in order to implement some measures to response to the coronavirus outbreak

Chanel workshops to make face masks

Mar 27, 2020 / France
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country

Chanel closes production sites

Mar 20, 2020 / France
The France-based luxury house announced it has decided to close its core production sites in three European countries: France, Italy and Switzerland, either completely or partially

Kering donates 2 million euros to hospitals

Mar 19, 2020 / France
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak

LVMH changes production from perfumes to hand sanitizer

Mar 17, 2020 / France
The French-based luxury giant announced its production facilities for the cosmetics branch will start to manufacture large quantities of hydro-alcoholic gel

France bans dumping unsold fashion items

Feb 24, 2020 / France
Companies in the country to be banned from destroying clothes, cosmetics and other items

Kering announces year of sustained profitable growth

Feb 12, 2020 / France
The French-based luxury goods group, owning brands such as Gucci, Saint Laurent and Bottega Veneta, amongst others, posted record sales in 2019, with double digit growth in revenue

Louis Vuitton and NBA in partnership

Jan 22, 2020 / France
The France-based luxury label has announced a partnership with the US National Basketball Association (NBA). Louis Vuitton will also become the official Trophy Travel Case Provider

Brazilian exports cross the 965 million US dollars threshold

Jan 10, 2020 / Brazil
Data gathered by the Brazilian Footwear Industries Association (Abicalçados) indicates that 114.55 million pairs of shoes were shipped abroad between January and December, generating 967 million US dollars in exports in 2019

Saint Laurent to open new leather goods factory in Italy

Jan 10, 2020 / Italy
French luxury brand Saint Laurent, which belongs to the Kering group, will open a new location for handbags and wallets near Florence

LVMH names Hélène Valade Director of Environment

Jan 9, 2020 / France
French luxury group LVMH has just appointed Hélène Valade as Director of Environmental Development. The executive replaces Sylvie Bénard, who will retire after 26 years in office

LVMH acquires stake in Masoni tannery

Jan 3, 2020 / Italy
The French-based luxury group acquired a minority stake in the Santa Croce sull'Arno (Florence) tannery Masoni Industria Conciaria SpA stock package. The deal was made through the LVMH division Métiers d' Art

Growth of Brazilian exports driven by US market

Dec 17, 2019 / Brazil
Between January and November this year 104.2 million pairs of shoes were exported by Brazil, resulting in revenue of 886.3 million US dollars. The US market continues to grow

Massimo Piombini leaves Balmain

Dec 5, 2019 / France
The company's CEO has stepped down after two years in the job. A new CEO is expected to join Balmain in February next year

Louis Vuitton buys Tiffany for 16 billion US dollars

Nov 27, 2019 / France
The companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for 135 US dollars per share, resulting in a deal of 14.7 billion euros or 16.2 billion US dollars
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