Italy
Italian footwear, leather goods and tannery machinery sector ends 2024 in the red
Preliminary figures from Assomac indicate that the sector recorded a year-on-year drop in turnover of 12% in 2024, with an estimated closure of around 575 million euros
8 000 attend June edition of Expo Riva Schuh and Gardabags
The 103rd edition of the Italian trade fair specialising in footwear, bags and accessories, held from the 14th to the 17th of June 2025, attracted around 8 000 atendees from over 100 countries
Prada acquires a 10% stake in the Rino Mastrotto leather group
The Italian luxury group will hand over two tanneries to Rino Mastrotto, as well as an unspecified cash investment. This will enable Prada to exert greater control over its production process
Expo Riva Schuh and Gardabags to address current challenges facing the footwear and accessories market
The event will address challenges such as tariff uncertainty, supply chain fragmentation, and shifting economic geographies in order to help brands and companies navigate the international landscape
Golden Goose reports double-digit growth in the first quarter
The Italy-based luxury sneaker company reported double-digit growth in the first quarter of the year, driven by the successful performance of the DTC channel across all regions
Footwear and accessories sectors gear up for the next edition of Expo Riva Schuh and Gardabags
Taking place from the 14th to the 17th of June, the 103rd edition of the trade fair aims to be a central reference point for the footwear and accessories sector amid a challenging global business environment
VETting Green: an online course to tackle greenwashing in the apparel and footwear sectors
As part of the Erasmus+ VETting Green project, partners from Portugal, Spain, Italy and Greece have developed an online course aimed at tackling greenwashing and promoting genuine sustainability practices within the footwear and apparel sectors
Weak Asia Pacific demand drags down Ferragamo’s first quarter revenue
The Italy-based luxury group reported a 2.6% decrease in revenue in the first quarter of 2025, compared to the same period last year, driven by weak demand in the Asia Pacific region
Sales down by 2.4% at Geox
Italian-based company Geox S.p.A. presented its results for the first quarter of 2025, with consolidated sales for the first three months of 2025 amounting to 189.0 million euros, down by 2.4% compared to the previous year
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-
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