World Footwear

France

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

Kering’s revenue declines after trying 2023

Feb 8, 2024 / France
The French-based luxury group has reported a 4% year-on-year decline in revenue in 2023, driven by weak performances of all its main Houses. Fourth quarter also disappointed

LVMH names new Chairman and CEO of Fashion Group

Feb 1, 2024 / France
The French-based luxury conglomerate has named Michael Burke as Chairman and CEO of LVMH Fashion Group. He succeeds Sidney Toledano, who was appointed Advisor to Bernard Arnault

LVMH reports another strong year

Jan 26, 2024 / France
The French-based luxury conglomerate highlighted a “remarkable performance” from its Fashion & Leather Goods business group, with organic revenue growth of 13% year-on-year in 2023

Minelli finds a new set of owners

Jan 26, 2024 / France
The French footwear retailer avoids liquidation by being taken over by three investors. Only a third of the workforce and less than half of the stores will be retained

France Retail: with no crystal ball and eyes wide shut

Premium ContentJan 12, 2024 / France
Despite the slowdown in inflation in recent months and the slight improvement in consumer confidence, footwear retail remains on a downward trend. There is some hope for an upturn in the retail environment in the first half of 2024, but the available data on imports at the moment does not allow us to look ahead with sufficient clarity. Meanwhile, the online second-hand market shows signs of becoming increasingly relevant in France

Portuguese footwear arrives in Versailles

Dec 19, 2023 / Portugal
The emblematic Château de Versailles has chosen the footwear of the Portuguese brand Uniform Shoes to equip its reception and management teams

Christian Louboutin enters joint venture in India

Dec 14, 2023 / France
The French footwear designer is transferring his current operations in India into a joint venture with Aditya Birla Fashion and Retail Ltd (ABFRL), one of the country’s leading retail chains

Kering finalises the acquisition of a 30% stake in Valentino

Dec 6, 2023 / France
The French-based luxury group announced that it has completed the acquisition of a 30% shareholding in Valentino, following approval from the antitrust authorities
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