Italy
Lineapelle with more overseas visitors
The 95th edition of Lineapelle, presenting the Autumn/Winter 2019/2020, was held at Fieramilano Rho from the 25th to the 27th of September
Sales impacted by currencies fluctuations at Tod's
In the first half of 2018, consolidated sales were 491.9 million euros, up by 1.8% from the first semester in 2017, at constant exchange rates. Revenue has been hugely affected by currencies fluctuations
Michael Kors acquires Versace
The London-based fashion luxury group announced a definitive agreement to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace for a total value of 1.83 billion euros. Holdings Limited will be renamed to Capri Holdings Limited
Declining sales for Geox
In the first half of 2018, the Italian-based brand Geox achieved revenue of 414 million euros, a decrease of 8.2% compared to the same period last year. Sales in Europe accounted for almost 75% of the total. However, this represents a decline of 9.5% year on year
Micam closes its 86th edition
Positive atmosphere at the latest edition of the Milan-based trade fair. Number of visitors has increased slightly compared to the previous edition
86th edition of Micam kicks off
The footwear world is getting together at Fiera Milano for four days for the traditional autumn appointment with MICAM, an event promoted by Assocalzaturifici, now in its 86th edition
Crocs to outsource all manufacturing
The US-based company famous for its clogs, has announced it is closing its last facility and going forward will outsorce all production
Ferragamo revenue continues to decline
The Italy-based luxury brand Salvatore Ferragamo has announced another quarter with declining revenue. The Board of Directors gathered to approve the set of results for the period and announced a new CEO for the company
Micam goes to South East Asia
The aim of Assocalzaturifici’s promotional roadshow is to present the 86th edition of MICAM, to be held at the Fiera Milano (Rho) from the 16th to the 19th September 2018. The roadshow will tour the nations of the South East Asian Association
Expo Riva Shuch celebrates its 90th edition
From the 16th to the 19th of June the 90th edition of Expo Riva Schuh took place in Riva del Garda. This year’s summer edition of the trade fair was also marked by the first edition of Gardabags, the new event for accessories
Tod's revenue down, but in line with expectations
The Italy-based company is implementing a series of new initiatives to re-structure its activities. The impact is still to be felt and revenue in Q1 was down by 5.2%. Despite that, results were in line with the expected
Trade in fake Italian goods costs economy billions of euros
Global trade in fake Italian goods such as luxury handbags, watches, foodstuffs and car parts is taking a bite out of Italy’s economy equivalent to around 1-2% of GDP in terms of lost sales, according to a new OECD report
Gucci unveils artlab for leather goods and footwear
Gucci has officially unveiled the Gucci ArtLab, a 37 000-square-meter hub for excellence and innovation. This “laboratory of creativity” is located in Scandicci, near Florence and the historical HQ of the brand in Casellina
Richemont sells Lancel to Piquadro
Switzerland-based luxury goods holding company Compagnie Financiere Richemont SA confirmed it has sold its French leather-goods subsidiary Lancel to Italian-based company Piquadro SpA
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