World Footwear

Luxury

Hermès returns to growth

Oct 27, 2020 / France
Sales in the third quarter (+7% at constant exchange rates and +4% at current exchange rates) are driven by strong activity in the group's stores (+12% at constant exchange rates), the momentum in Asia and a significant improvement in all other geographical areas

Kurt Geiger plans 500 job cuts as UK's intends to end tax-free shopping

Oct 26, 2020 / United Kingdom
The luxury footwear and accessories retailer plans to cut 500 jobs, a quarter of its workforce, early next year after the British government announced that it plans to abolish tax-free shopping by the end of the current year

Kering overcomes expectations despite 4.3% sales decline

Oct 23, 2020 / United States
The luxury group announced consolidated revenue in the third quarter of 2020 of 3 717.7 million euros, down by 4.3% as reported. Double digit growth in North America and Asia-Pacific contributed to the period's performance

LVMH: fashion and leather goods division with improved revenue

Oct 21, 2020 / France
The luxury group recorded revenue of 30.3 billion euros in the first nine months of 2020, down by 21%. Revenue was down by 7% in the third quarter, reflecting an improvement in trends, with a return to growth in the Fashion & Leather Goods segment

Ennio Fontana takes on the leadership of Roberto Cavalli

Oct 21, 2020 / Italy
The Italy-based company confirmed the appointment of Ennio Fontana as their new General Manager. Ennio Fontana, who worked for twenty years alongside Philipp Plein, is now taking over the reins of Roberto Cavalli

COVID-19 intensifies Mulberry's losses

Oct 16, 2020 / United Kingdom
The UK-based handbag and accessories retailer has been hit particularly hard by COVID-19. When announcing last year's results, Mulberry confirmed a 10% decline in revenue

Pitti Uomo returns to physical format in January

Oct 16, 2020 / Italy
After cancelling all physical events throughout 2020 given the COVID-19 pandemic, Pitti Immagine announced the next edition will return to physical format

Ralph Toledano re-elected President of the Fédération de la Haute Couture et de la Mode

Oct 14, 2020 / France
The General Assembly of the Chambre Syndicale de la Haute Couture extended the mandate of Ralph Toledano as President of the Chamber for 2 years

Chanel buys majority stakes in shoemaker Ballin and tannery Gaiera

Oct 9, 2020 / France
Chanel continues to reinforce its network of suppliers as it acquires majority stakes in Italian luxury shoemaker Ballin and tannery Conceria Gaiera Giovanni

Hermès confirms new factory in Auvergne

Sep 23, 2020 / France
With this announcement, the brand reaffirms its regional anchor in the Auvergne region. The new workshop will join the Maroquinerie de Sayat to form Hermès seventh leather goods hub. 250 jobs due to be created

Prada reports sales in China far exceeding 2019 levels

Sep 21, 2020 / China
Sales by the Italian luxury goods group have rebounded strongly in China since the stores reopened and, to date, have recorded higher levels than last year, as reported to Reuters by Prada's Chief Executive Officer, Patrizio Bertelli

Maison Margiela and Reebok in multi season partnership

Sep 21, 2020 / France
The Paris-based luxury house and the sports giant, owned by adidas, have entered into a partnership, which will focus on expanding the limits of footwear, inspired by our collaboration dedicated to experimental and progressive craftsmanship

CEO of Roberto Cavalli to leave company

Sep 18, 2020 / Italy
Gian Giacomo Ferraris, Roberto Cavalli's CEO, is exiting his role at the end of the year. Previously, Ferraris worked for Versace and has joined Roberto Cavalli as CEO in 2016

Nicolas Kirkwood to become independent from LVMH

Sep 18, 2020 / France
The British-based footwear designer and the French luxury conglomerate LVMH will go separate paths going forward. LVMH acquired the Nicolas Kirkwood label in 2013

Ferragamo with declining revenue

Sep 16, 2020 / Italy
As of the 30th of June 2020 the Salvatore Ferragamo Group reported total revenue of 377 million euros down by 46.6% at current exchange rates (-46.9% at constant exchange rates), which compares to 705 million euros in the first half of 2019
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