World Footwear

Investment

Portuguese footwear invests in a new generation of products

Jan 23, 2023 / Portugal
The Portuguese footwear cluster aims to be an international benchmark in the development of sustainable solutions. With that in mind, 50 new products "with a better ecological footprint" are in the pipeline for the next three years

Simona Tanning and Teh Chang Tannery combine forces

Jan 17, 2023 / China
The two tanneries have announced a joint venture, which will be called Simona TC Company, to develop their operations in China, Vietnam, and Bangladesh, with focus on the footwear business

Mizuno's Innovation Centre in full swing

Dec 28, 2022 / Japan
After three years since the announcement of the investment, the Osaka-based sportswear company reported that its Innovation Centre, called Mizuno Engine, is now operating

Dior buys prints and manual finishings on leather specialist Art Lab

Nov 29, 2022 / Italy
According to the Milanese business newspaper Il Sole 24 Ore, the Parisian-based House has acquired the Tuscan company specialized in prints and handmade finishings on leather

Recycled footwear foam maker Blumaka starts producing in Central America

Nov 22, 2022 / United States
The Californian-based producer of footwear components has signed a lease on a manufacturing facility in El Salvador to expand production and provide US shoemakers with a closer production option

US footwear industry expects sales to decline

Jul 13, 2022 / United States
According to the Footwear Distributors & Retailers of America (FDRA), the footwear industry is pulling back on hiring and investment due to a major forecast of weaker sales for the next six months

Gap and Athleta invest in the footwear and apparel start-up Saysh

Jun 21, 2022 / United States
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix

Kohl’s in talks to be bought by Franchise Group

Jun 17, 2022 / United States
The American-based department store chain has entered into exclusive negotiations with Franchise Group for a period of three weeks. Franchise proposed to acquire the retail chain for 60 US dollars per share

ABL Group acquires sneaker brands Tonakai

Jun 15, 2022 / Italy
The Italian producer of leather goods, owner of the Rebelle handbag brand, has acquired 80% of Tonakai, the fashion sneaker brand founded by Francesco Renna

The Athlete’s Foot owner acquires Shoe City

Jun 13, 2022 / United States
Arklyz announced it is acquiring the Baltimore-based retailer Shoe City and its associated online platform - ycmc.com. With this acquisition, Arklyz expands its portfolio with another Athletic Speciality Footwear & Streetwear Lifestyle Retail Chain

Vapesol opens industrial unit dedicated to EVA soles

Apr 22, 2022 / Portugal
The investment, which amounted to around 2 million euros, will enable the Portuguese soles manufacturer to answer the increasing demand of customers for this type of sole

Taiwanese footwear manufacturer Hong Fu to invest in Tamil Nadu

Apr 21, 2022 / India
Hong Fu, whose clients include Nike, Puma, Converse and Vans, will invest 1 000 crore (about 131 million USD) to build a new footwear unit in Southern India that is expected to create 20 000 jobs

Nike to open technology centre in Atlanta

Apr 12, 2022 / United States
The US-based sportswear company has announced that it will open a new technology centre in Atlanta to accelerate its digital transformation and direct-to-consumer strategy

Farfetch invests up to 200 million US dollars in Neiman Marcus

Apr 6, 2022 / United Kingdom
The luxury e-commerce platform has announced a global strategic partnership with the US-based omnichannel luxury retailer Neiman Marcus Group (NMG)

Hermès to open two new leather goods workshops by 2026

Mar 22, 2022 / France
The two workshops, which will employ 500 people, will allow the French luxury house to increase its production capacity while remaining committed to its artisanal culture
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