Italy
Virtual Gucci bag sold by more than 4.000 US dollars
The item was sold on Roblox, a video game platform and it cannot be used outside it. The Gucci Dionysus bag is not interchangeable and was more expensive than an original similar physical bag
Fosun Fashion Group to acquire Italian shoemaker Sergio Rossi
The global luxury fashion group FFG based in China announced it has signed an agreement to acquire 100% of Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding S.r.l., an independently-managed investment subsidiary of Investindustrial V L.P.
Sales bounce back at Tod's
Triple-digit growth in China, strong ecommerce and a good performance of the Roger Vivier brand have helped the Italy-based fashion group Tod’s to bounce back to grow by 17% at current rates in the first quarter (+18.8% at constant rates)
Micam to return to physical format in September
After the Government has announced the easing of the restrictions in place and as physical trade fair events are again allowed in Italy, Micam has announced the dates for its next edition. The footwear industry will gather in Milan from the 19th to the 21st of September 2021
Prada: improvement in retail sales in the second half of 2020
The luxury group has reported progressive improvement in retail sales fuelled by growth in local consumption in the second half of 2020 (all geographies). December Retail trend were above 2019 level, despite a second wave of lockdown, particularly in Europe. Prada also noted a sharp acceleration in online sales
The return of the fashion weeks and Pitti Uomo
Following the decision of the Italian government to authorize international events and fashion shows in physical format, the Italian fashion authorities confirmed their upcoming editions. London, Milan and Paris fashion weeks return in June, as does the physical edition of Pitti Uomo
Pitti Immagine Uomo: organizers consider holding physical fair in July
According to what is being reported by fashionnetwork.com, the second all-digital edition of the famous menswear fair reported a substantial increase in online traffic. As a result, organizers are considering holding a physical edition in July
Italian and Spanish footwear risk additional taxes in the US market
The Digital Services Taxes (DST) and the reaction of the US with the threat to implement tariffs to products coming from 6 US trading partners are the hot topic at the moment in the footwear industry. Today we look into what that means for Italy and Spain
Matt Priest: we are 100% against the duties
We spoke with the President & CEO of the Footwear Distributors & Retailers of America to go over the topic of the moment: the US threat of duties on footwear imported from Spain, Italy and the UK
What are the Digital Services Taxes?
Recently, there has been increasing concerns regarding the fact that the existing international tax system is not accommodating the digitization of the economy, as multinationals generally pay corporate income tax where production takes place, and the location of consumers is not taken into the equation
Fila chooses Portugal for first own store in Europe
As the country reopened all stores and shopping centers, Fila opened in Portugal its first own name store in Europe. The store is located at Freeport Lisboa Fashion Outlet, in Alcochete (Lisbon)
Expo Riva Schuh announces new dates in July
The 95th edition of Expo Riva Schuh and the 6th edition of Gardabags, dedicated to the 2022 Spring/Summer collections will take place at the Riva del Garda Exhibition Centre from 18th to 20th July, a month later than the normal summer edition
Italy: expectation is for trade fairs to restart from July onwards
According to Italy’s Industry Minister Giancarlo Giorgetti trade shows should resume its activity in July. The events have been suspended due to the COVID-19 pandemic
US: threat of new tariffs in response to digital taxes
The United States Trade Representative (USTR) is collecting public comments on the potential implementation of tariffs to a list of goods from 6 US trading partners. Tariffs can go up to 25%. Footwear is part of the lists for some trade partners
Tod's appoints Chiara Ferragni member of Board of Directors
This is the latest move of the Italian-based group to reach out to a younger generation. The Tod’s Group has appointed Chiara Ferragni as a member of its Board of Directors-
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