Italy
Strong first quarter for the Prada group
The Italy-based luxury group reported a strong first quarter, with growth in all regions despite a complex macro environment. The Miu Miu brand continues to thrive
Prada buys Versace from Capri
Prada S.p.A. and Capri Holdings Limited have entered into a definitive agreement regarding the purchase of 100% of Versace by the Milan-based fashion group
Global footwear trade in 2024: China exports slow, US and Germany rebound in imports
China remained the top footwear exporter in 2024, with exports increasing in volume but decreasing in value. Meanwhile, Vietnam and Indonesia consolidated their positions with double-digit export growth. On the import side, the US and Germany reversed their import declines in 2023, which suggests a resurgence in global demand
Demna named new creative director at Gucci
Demna, who has been creative director of Balenciaga since 2015, has been appointed as the new creative lead at Gucci, the Kering Group, parent to both houses, announced
Geox full year sales decline
The Italy-based footwear company, which is focused on a five-year business plan to increase sales to 850 million euros by 2029, reported a 7.8% year-on-year decline in full year sales
Prada reports strong full year 2024 as it eyes Versace purchase
The Italy-based luxury group has reported a full year revenue growth of 17% over 2023, well-above market. The results came as talks of a takeover of Versace from Capri Holdings became public
Assomac supports internationalisation efforts
The Italian Association of Tanning, Shoe and Leather Goods Machinery Manufacturers (Assomac) is supporting the internationalisation efforts of the sector in key markets such as India, Hong Kong and Pakistan
More buyers at the last edition of Lineapelle
Amid an “economic phase that still presents significant challenges”, the February edition of Lineapelle closed with a 7% increase in buyers compared to the previous edition in September
40 449 trade visitors at the last edition of MICAM and its sisters fairs
MICAM Milano, Milano Fashion&Jewels, MIPEL and The One Milano ended their last editions with 40 449 trade visitors, 45% of whom were international, representing 127 countries
Silvia Onofri appointed as the new CEO of Miu Miu
The Italy-based Prada Group has announced the appointment of Silvia Onofri as CEO of its Miu Miu brand. She was president of VF Corp-owned outerwear brand Napapijri until January
Golden Goose announces new investor
The luxury sneaker company has announced that the Hong Kong-based Blue Pool Capital, founded by Alibaba Group co-founder and chairman Joe Tsai, has acquired a 12% stake in the company
Ferragamo CEO Marco Gobbetti leaves amid slowing sales
The Italy-based luxury group has announced the departure of CEO Marco Gobbetti, shortly after reporting lower preliminary sales for the fourth quarter and full year 2024
Growing number of foreign buyers at Pitti Uomo
At the last edition of the men’s fashion fair held in Florence, foreign buyers increased by 6.5% compared to twelve months ago and in line with the June edition, while Italian buyers remained stable
Startup competition at Expo Riva Schuh & Gardabags showcases retail innovation
Expo Riva Schuh & Gardabags’ Innovation Village Retail featured nine startups pioneering digital and sustainable solutions, with CLOOV winning for its circular footwear business model
Expo Riva Schuh & Gardabags unveils new vision for 2025
The revamped Gardabags format, set to start in June 2025, focuses on aligning with buyer needs through distinct categories for sourcing, private-label collaborations and branded product showcases-
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