World Footwear

Italy

Fire destroys Valentino factory

Apr 13, 2021 / Italy
A factory in Bucine where Italian luxury house Valentino produced its popular line of Rockstud shoes was almost completely destroyed in a fire in the beginning of April. No casualties have been reported

Paul Andrew leaves Salvatore Ferragamo's artistic direction

Apr 12, 2021 / Italy
After Salvatore Ferragamo's leadership was recently confirmed, with Leonardo Ferragamo succeeding his brother Ferruccio as non-executive vice president, Artistic Director Paul Andrew is now leaving the luxury fashion house

Kering reorganizes its logistics process

Apr 12, 2021 / Italy
The group's new global logistics hub is located in Trecate (Novara, Piemonte), Northern Italy. The first part of the building has been operating since March 2020. The rest should be operational by the end of the second quarter 2021

Ferragamo: Leonardo succeeds brother Ferruccio as President

Apr 7, 2021 / Italy
The Italian luxury brand confirmed Micaela le Divelec Lemmi and Michele Norsa will remain, respectively, Managing Director (CEO) and Executive Vice President. Ferruccio Ferragamo, on the other hand, is giving the role of Non-Executive Chairman to his brother Leonardo

UNIC issues warning over raw materials price increases

Apr 7, 2021 / Italy
According to publication ILM, the Italian Tanners Association (UNIC) is concerned over the potential increases in the prices of materials for the industry

Italy's fashion industry asks authorities for clear decisions

Apr 1, 2021 / Italy
A statement was issued by some of the most important fashion entities of the country. They argue that trade fairs are an essential asset for SME’s and industry in Italy, and starting them up again would be an important trigger for recovery of the national economy

Appointed President of the III IULTCS EuroCongress Vicenza 2022

Mar 27, 2021 / Italy
Dr. Giancarlo Lovato has been elected as President of the Organizing Committee of the III IULTCS EuroCongress Vicenza 2022 by the Board of Directors at The Italian Leather Chemists Association (AICC)

Kering sponsors renovation of the courtyard of the Palazzo Vecchio in Florence

Mar 19, 2021 / Italy
The France-based holding company Kering is sponsoring the renovation of the Michelozzo courtyard of the Palazzo Vecchio in Florence, an important symbol of the Renaissance capital

Italian leather industry down by 26% in 2020

Mar 17, 2021 / Italy
Taking the hit of the dissemination of the COVID-19 pandemic, the leather industry in Italy registered a decline in revenue of 26%. Exports were down by 27%

Prada: 24% drop in revenue and 200% growth in the online business

Mar 16, 2021 / Italy
Total net sales for the twelve months ended on the 31st of December 2020 totaled 2.39 billion euros, down by 23.6% at constant exchange rates (down by 24.9% at current exchange rates) compared with approximately 3.18 billion euros in 2019

Ferragamo's revenue down by 33.5% in 2020

Mar 15, 2021 / Italy
The Italian luxury house reported sales of 916 million euros in fiscal 2020, down by 33.5%. Salvatore Ferragamo announced it had suffered a net loss of 72 million euros in 2020, in an economic context highly affected by the COVID-19 pandemic

Online footwear sales reach 21.4% share in Italy

Mar 12, 2021 / Italy
Assocalzaturifici, the Italian Footwear Manufacturers' Association, announced the results for 2020. After bringing the overall analysis yesterday, on production, exports and consumption, today we focus on the behaviours of online sales

Italy with sharp fall in turnover, production and exports in 2020

Mar 11, 2021 / Italy
The COVID-19 pandemic has hit the Italian footwear industry hard, with double-digit reductions across all the main variables, according to Assocalzaturifici, the Italian Footwear Manufacturers' Association

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

MICAMX and MICAM Milano Digital kick off

Mar 10, 2021 / Italy
From the 8th of March up to the 8th of May, the MICAM Milano Digital Show will be open for business. The show presents new products for Autumn/Winter 21/22 and the in-season Spring/Summer 2021 collections with the registered buyers meeting more than 100 brands
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