World Footwear

France

Asian recovery helps Hermès to limit impact of the crisis in 2020

Feb 23, 2021 / France
The luxury group Hermès will withstand the health crisis in 2020 thanks to the strong recovery in Asia during the second semester, which compensates weak results in other regions, especially in Europe

Kering with sales slowdown

Feb 17, 2021 / France
Quarterly revenue at the French-based luxury group was down by 4.8% on a comparable basis to 4 billion euros, while sales at Gucci, the main segment of the Kering's revenue, contracted by 10.3% to 2.3 billion euros

France: the main problem for footwear is the drop in demand

Premium ContentJan 26, 2021 / France
Contrary to other European countries, currently France has not imposed a lockdown, although stores have to be closed by 6pm everywhere in the country. According to the French Footwear Federation the main problem impacting the footwear sector is the drop in demand

How is COVID-19 impacting the footwear industry in different countries?

Premium ContentJan 26, 2021 / World
With the world fast approaching 100 million cases of infected people and with vaccination now in place in several countries, we did a round of conversations with footwear associations across the world to understand what the current situation of the footwear industry is in their countries, and to learn where and in what conditions are footwear stores open

Paris cancels physical shows for January fashion weeks

Jan 15, 2021 / France
The two fashion weeks planned for this month in Paris - men's ready-to-wear and haute couture - will not have physical shows, as the French authorities decided to maintain the ban on the presence of an audience at events

Rimowa with new CEO

Jan 8, 2021 / France
LVMH Moët Hennessy Louis Vuitton has named Hugues Bonnet-Masimbert the new Chairman and Chief Executive Officer of Rimowa

LVMH completes the acquisition of Tiffany & Co.

Jan 7, 2021 / France
The luxury group announced that it has completed the acquisition of Tiffany & Co., the global luxury jeweller. The acquisition of this iconic US jeweller will transform LVMH’s Watches & Jewellery division and complement LVMH’s 75 distinguished Maisons

Chloé appoints Gabriela Hearst Artistic Director

Dec 9, 2020 / France
The Richemont-owned French luxury fashion house announced the appointment of Gabriela Hearst to the position of Artistic Director after making official the departure of Natacha Ramsay-Levi last week

France Retail: So far, back in business, but for how long?

Premium ContentDec 7, 2020 / France
After a lost spring, a season heavily impacted by the COVID-19 crisis, the French retail market reacted well, and summer sales brought a good mood to the business. However, a second wave hitting the country after the summer led to a November with closed stores (non-essential stores were not open for over a month). The enthusiasm of the reopening on the 28th of November led crowds to queue for visiting some stores. However, it is not clear if this will be enough to ensure an end of the year out of the red.

Paris confirms shows in January

Dec 4, 2020 / France
The Fédération de la Haute Couture et de la Mode (FHCM) announced the dates for the next seasons of menswear and haute couture for January 2021, confirming that they will take place at the beginning of next year

Longchamp President Philippe Cassegrain dies

Dec 3, 2020 / France
The creator of the iconic Le Pliage bag, Longchamp's historic President, was 83 years old and did not resist to complications related to COVID-19

LVMH names Chris de Lapuente new CEO of Selective Retailing

Nov 30, 2020 / France
The French-based luxury giant has named Chris de Lapuente as the new Chairman and CEO of LVMH's division of Selective Retailing, effective from January onwards

The world’s most expensive cities

Nov 18, 2020 / World
Paris and Zurich re-join Hong Kong at the top of the latest ranking of the world's most expensive cities, according to the latest information by The Economist

Eurazeo Brands buys Axel Arigato for 56 million euros

Nov 16, 2020 / Sweden
The global investment company is investing 56 million euros in Axel Arigato, a Swedish premium sneaker, ready-to-wear and accessories brand, to become a majority shareholder, alongside brand's founders Max Svärdh and Albin Johansson

Imports of footwear with a dark picture in the first semester

Premium ContentNov 9, 2020 / Business Conditions Survey
The most recent statistics for footwear trade in 2020 show a very dark, albeit expected, picture. In the first semester of the year, footwear imports fell in almost every country
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