World Footwear

Investment

Nike displays LeBron James Innovation Center

Oct 11, 2021 / United States
Located at the centre of the sportswear giant’s headquarters in Oregon, the LeBron James Innovation Centre will also house the renovated Nike Sport Research Lab (NSRL)

Geox is closing its Serbian factory

Aug 11, 2021 / Serbia
The Italy-based company is closing down its Serbian plant in Vranje. The decline in demand for formal men’s and women’s shoes is pointed as the reason for the closure

Tamil Nadu ensures investment of 28.508 crores

Aug 4, 2021 / India
The local government of the southern Indian state announced an overall investment commitment of 28.508 crores in 49 projects involving companies from various sectors. Footwear is included. The initiative is expected to generate 83.482 job opportunities

Nordstrom acquires minority stake in Asos brands

Jul 12, 2021 / United States
Asos has formed a joint-venture with US-based multi-channel retailer Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands

Richemont acquires Delvaux

Jul 5, 2021 / Switzerland
The Switzerland-based luxury goods holding company announced it has acquired 100% of Delvaux, the renowned Belgian luxury leather goods Maison, in a private transaction

LVMH acquires 100% of Emilio Pucci

Jun 24, 2021 / France
The luxury giant, which since 2000 owns 67% of the historic fashion house founded in Florence in 1947, will now take full control of Emilio Pucci as it acquired the remainder shares

Shoe Carnival announces two-for-one stock split

Jun 22, 2021 / United States
The US-based retailer of footwear and accessories announced that its Board of Directors has authorized a two-for-one stock split of the company's common stock

Portuguese footwear industry focus on own brands

Jun 16, 2021 / Portugal
The investment in own brands is a major focus for the Portuguese footwear industry. According to data from the Industrial Property Support Office (GAPI) of the Portuguese Footwear Technological Centre, 272 new footwear brands have been created in Portugal since 2010

JD Sports is selling Sports Unlimited Retail

Jun 4, 2021 / United Kingdom
The British sports-fashion retail company is selling Sports Unlimited Retail to Iberian Sports Retail Group, its 50.02% owned subsidiary based in Spain. The deal should amount to 14 million British pounds (roughly 16.5 million euros)

Steve Madden acquires remaining share of European joint venture

Apr 19, 2021 / United States
The US-based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture

Zalando aims for 10% of Europe’s fashion market

Mar 24, 2021 / Germany
After what they called a strong financial year, the ecommerce giant significantly upgraded its growth ambitions and now aims to grow Gross Merchandise Volume (GMV) to more than 30 billion euros by 2025. Zalando are aiming for 10% of the European fashion market in the long-term

Manufacturing in Pirmasens is ending for Peter Kaiser

Mar 19, 2021 / Germany
New investors were announced for Peter Kaiser. In addition to the current CEO Stefan Frank, a couple of investors join the business: Hans-Joachim and Gisa Sander (husband and wife), founders of cosmetics company Wella. Pirmasens production line to shut down

Inditex invests 130 million euros in new headquarters for Zara

Mar 12, 2021 / Spain
The Spanish-based fashion group will inaugurate a new building at its headquarters in Arteixo (A Coruña). The new facilities will be home to the Zara.com studios and to Zara Man’s central design office, after a 130 million euros investment

Vestiaire Collective: financing round backed by Kering and Tiger Global Management

Mar 10, 2021 / France
The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management

adidas to sell Reebok and focus on core brand

Feb 17, 2021 / Germany
As part of the development of its new five-year strategy, the Germany-based group has concluded its assessment of strategic alternatives for Reebok. As a result of the review, adidas has decided to begin a formal process aimed at divesting Reebok
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