World Footwear

France

Chanel invests in company focused on sustainable materials

Jun 13, 2019 / France
The French-based luxury brand has invested in a chemistry firm that's exploring ways silk could replace chemicals used in clothing manufacturing

France to ban destruction of unsold goods

Jun 7, 2019 / France
The country's Prime Minister announced draft legislation to ban the destruction of unsold or returned consumer products. The new measure would oblige brands to donate or recycle unsold goods

India’s leather footwear exports up by 1%

Jun 6, 2019 / India
According to the Council for Leather Exports in the first 10 months of the fiscal year exports of leather footwear increased by roughly 1%. Exports of the overall leather industry are declining

Kering to relocate Swiss logistic activities

May 29, 2019 / Switzerland
After the agreement with Italy’s Inland Revenue the French luxury group Kering might be on the verge to relocate most of its logistic activities to Italy

Hermès inaugurates regional training hub in France

May 27, 2019 / France
The French-based luxury house is strengthening its territorial presence in the country with the inauguration of a seventeenth leather goods workshop in Fitilieu (Isère)

Louis Vuitton and Belle involved in design infringement's battle

May 14, 2019 / France
French luxury brand Louis Vuitton is taking legal action against Hong Kong-based group Belle International, claiming one of its sneaker designs was copied

Kering: Italy tax settlement is closed

May 10, 2019 / Italy
The French-based luxury group announced that it has concluded a settlement with the Italian Revenue Agency relating to claims vis-a-vis its Swiss subsidiary Luxury Goods International S.A. (LGI)

Hermès with acceleration in sales

May 9, 2019 / France
In the first quarter of 2019, the group's consolidated revenue amounted to 1 610 million US dollars, up by 16% at current exchange rates and by 12% at constant exchange rates, thanks to dynamic sales growth in group stores (+13% at constant exchange rates)

LVMH completes the agreement with Belmond

May 7, 2019 / France
The French-based luxury house has announced it closed the deal with Belmond. On the same occasion, dividends referring to 2018 results have been approved

Kering with good performance

Apr 24, 2019 / France
The group's revenue in the first quarter of 2019 reached 3.79 billion euros, up by 21.9% as reported (up by 17.5% on a comparable basis). Kering owns a portfolio of brands, which include names such as Gucci and Yves Saint Laurent

LVMH: France’s most attractive employer

Apr 17, 2019 / France
Each year Universum conducts an annual survey with more than 35 000 students at French engineering and business schools to rank the companies where they would most like to work. In 2019 LVMH ranked number 1

Good start of the year for LVMH

Apr 10, 2019 / France
LVMH recorded revenue of 12.5 billion euros for the first quarter 2019, an increase of 16%. Organic growth was 11% compared to the same period of 2018. All geographic regions are experiencing good growth

Kering has completed the sale of Volcom

Apr 9, 2019 / France
Confirmation of the deal comes 8 years after the Paris-based luxury group has acquired Volcom to its protfolio of brands

Record results for LVMH

Jan 30, 2019 / France
LVMH Moët Hennessy Louis Vuitton recorded revenue of 46.8 billion euros in 2018, an increase of 10% over the previous year. Organic revenue growth was 11%. All business groups recorded excellent performances

Vivarte: restructuring is over

Jan 4, 2019 / France
The words are from Patrick Puy, Vivarte CEO. The French-based group announced the final results for financial 2018, marked by a reduction of the net loss and the group's financial debt
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