World Footwear

Italy

Virtual Gucci bag sold by more than 4.000 US dollars

Jun 14, 2021 / Italy
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

Jun 10, 2021 / China
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

Jun 1, 2021 / Italy
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

May 17, 2021 / Italy
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

May 6, 2021 / Italy
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

May 3, 2021 / Italy
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

Apr 29, 2021 / Italy
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

Premium ContentApr 27, 2021 / Italy
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

Premium ContentApr 26, 2021 / United States
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?

Apr 26, 2021 / OECD
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

Apr 21, 2021 / Italy
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

Apr 20, 2021 / Italy
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

Apr 19, 2021 / Italy
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

Apr 16, 2021 / United States
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

Apr 15, 2021 / Italy
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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