France
Gucci continues to be a drag on Kering’s performance
The France-based luxury group has reported a weak first quarter. Gucci continues to weigh down on its performance, with revenue down on a reported basis by 24% year-over-year
Jonathan Anderson takes over Dior menswear helm
Jonathan Anderson has been appointed artistic director of Dior's menswear line, the house has confirmed. He succeeds Kim Jones, who stepped down in January
Hermès continues to outperform the sector, but growth slows
The French luxury group continues to outperform the sector, but its growth has slowed in the first quarter, as compared to the prior quarter. US prices to rise from May due to the impact of tariffs
LVMH reports drop in revenue in the first quarter
Amid a disrupted geopolitical and economic environment, the France-based luxury conglomerate has reported a decline in first quarter revenue. Europe was the only region to grow
France Retail: watch out for the snowball effect
Both the footwear and the retail sector as a whole have failed to start the year on a strong footing, according to sales data. Consumers, who seemed to start the year in a more positive mood, took a step back in March and remain pessimistic about the French economy. Import data also suggest that retail confidence is in free fall. All in all, the risk of a snowball effect in the French retail sector cannot be dismissed.
New CEOs at Fendi, Kenzo and Louis Vuitton China
The France-based luxury conglomerate LVMH has appointed Ramon Ros as CEO of Fendi, Charlotte Coupé as CEO of Kenzo and Daniel DiCicco as regional president of Louis Vuitton for mainland China
Global footwear trade in 2024: China exports slow, US and Germany rebound in imports
China remained the top footwear exporter in 2024, with exports increasing in volume but decreasing in value. Meanwhile, Vietnam and Indonesia consolidated their positions with double-digit export growth. On the import side, the US and Germany reversed their import declines in 2023, which suggests a resurgence in global demand
Executive reshuffle at LVMH
Frédéric Arnault has been appointed CEO of Loro Piana. Meanwhile, Damien Bertrand has been appointed deputy CEO of Louis Vuitton and Fendi CEO Pierre-Emmanuel Angeloglou joins Dior as deputy CEO
Demna named new creative director at Gucci
Demna, who has been creative director of Balenciaga since 2015, has been appointed as the new creative lead at Gucci, the Kering Group, parent to both houses, announced
Benjamin Majster: Last Engineers supports brands to achieve their sustainability goals
We continued our conversation with Benjamin Majster, CEO of Last Engineers, about how the platform encourages collaborations between design and production teams, sustainability and the future prospects of the startup
Benjamin Majster (Last Engineers) envisions a future where footwear customisation becomes standard
We spoke to Benjamin Majster, CEO of Last Engineers, his French startup that focuses on delivering the “perfect fit” for shoe lasts. In part 1 of the interview, we talked about the fit issue, his solution and Last Engineers’ focus on customer satisfaction
Retail Flash: insights from key footwear markets
Explore the main retail trends in France, Germany, Japan, the Netherlands, the UK, the US and Spain from our Retail Flash reports, highlighting volatility in 2024 and mixed consumer and retailer sentiment. In particular, new tariffs on key trading partners could put pressure on US footwear prices, Germany’s online sector continues to expand and Japan faces rising inflation
Decathlon to open 20 stores in Argentina
The France-based sporting goods retailer plans to open 20 stores in Argentina by 2026. The move marks Decathlon’s return to Argentina after more than two decades of absence
Strong full year 2024 for Hermès
Amidst a challenging macroeconomic environment, the France-based luxury group has reported a strong full year performance, underpinned by solid growth in all regions
Kering reports a 12% decline in full year revenue
The French-based luxury group ended the year in the red once again, with full year revenue down by 12% on the previous year. Sabato de Sarno has since left Gucci-
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