World Footwear


France to launch reward scheme to encourage repairs in the fashion industry

Aug 17, 2023 / France
From October, French citizens will be able to claim back between 6 and 25 euros of the cost of repairing clothes and shoes under a new scheme launched by the Government to reduce waste in the fashion industry

LVMH: Premium Partner of the Paris 2024 Olympic and Paralympic Games

Aug 16, 2023 / France
According to LVMH, this partnership will enable the artisans across the group to contribute their creativity, know-how, and sense of French art de vivre to the organization of the high-level sports competition

French footwear manufacturing turnover grows in 2022

Aug 4, 2023 / France
According to the Conseil National du Cuir (CNU), the French footwear industry's turnover rose by 10% last year to 651 million euros, up from 590 million euros in 2021

Hermès delivers a robust first half

Aug 2, 2023 / France
The French-based luxury company's sales reached 6.70 billion euros in the first half of 2023, up from 5.48 billion euros in the same period of 2022, driven by strong momentum across regions

Kering buys a 30% stake in Valentino and announces first half results

Jul 28, 2023 / France
The owner of Gucci will take a 30% stake in Valentino for 1.7 billion euros, with an option to buy 100% of the Italian brand's capital until 2028. Meanwhile, Kering's first half results disappoint

Strong first half for LVMH

Jul 26, 2023 / France
The luxury group posted a 15% revenue growth and a 30% net profit rise in the first half of 2023, as compared to the same period of 2022, driven by a strong performance in Asia and Europe

Gucci CEO Marco Bizzarri to step down

Jul 19, 2023 / France
Kering has announced the impending departure of Gucci's CEO as part of a wider executive shakeup that includes the naming of Saint Laurent CEO Francesca Bellettini to lead the group's portfolio of brands

Gabriela Hearst leaves Chloé

Jul 7, 2023 / France
The Richemont-owned luxury fashion house has confirmed that its creative director, Gabriela Hearst, will step down later this year. No reference was made to the creative succession plan

Clergerie has found a new owner

Jul 6, 2023 / France
Clergerie has been acquired by the California-based footwear company Titan Industries. The French-based luxury shoemaker had been placed into receivership on the 29th of March

Maison Margiela with new CEO

Jun 8, 2023 / France
The Paris-based luxury house has appointed Gaetano Sciuto as its new Chief Executive Officer, effective the 17th of July, and Stefano Rosso will be the house’s new Chairman, says WWD

LVMH Métiers d’Art acquires majority stake in Italian tannery Nuti Ivo

Jun 7, 2023 / France
LVMH's division aimed at preserving the French-based group's expertise in luxury raw materials and craftsmanship is now a majority partner of the Italian tannery Nuti Ivo SpA Group

Clergerie future owner is to be chosen this month

Jun 2, 2023 / France
After being placed into receivership on the 29th of March, the future owner of the French-based luxury shoe brand will be decided on the 14th of June by a Paris-based commercial court

France Retail: prospects for the clothing and footwear sectors are still far from positive

Premium ContentMay 29, 2023 / France
The stabilization of the pattern of weakening French consumer confidence in the first quarter of the year cannot mask the pessimism that is still being felt in the country, especially in the context of social unrest. Moreover, in this reality of high inflation, neither do price increases hide the contraction in volumes sold nor is it possible to ignore the difficulties faced by companies more exposed to the domestic market due to increased operating costs (rents and energy) or even the stagnation of the online channel. Retail prospects for the clothing and footwear sectors are, therefore, still far from positive

Lemon Jelly opens a pop-up store at Le Bon Marché in Paris

May 29, 2023 / Portugal
The Portuguese brand, known for its injected, coloured and lemon-scented footwear, can be found at Le Bon Marché Rive Gauche in Paris until the 18th of June in a colourful summer pop-up

Resale platform WeTheNew raises 20 million US dollars

May 17, 2023 / France
The French-based platform specializing in sneakers and streetwear has closed a 20 million euros round of series B funding. This funding will be used to expand the platform's presence abroad
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