World Footwear

Luxury

Armani’s will instructs heirs to sell or take brand public

Oct 1, 2025 / Italy
In his will, the late designer Giorgio Armani instructed his heirs to gradually sell the fashion house he founded 50 years ago or seek a market listing. Priority is to be given to LVMH, EssilorLuxottica or L’Oréal

Ferragamo CFO La Tour exits the company

Sep 22, 2025 / Italy
The Italy-based group has announced the departure of its CFO, Pierre La Tour. He will be succeeded on an interim basis by Paolo La Morgia, the group’s current Planning and Control Director

Kering appoints Francesca Bellettini as President and CEO of Gucci

Sep 19, 2025 / France
The France-based luxury group has appointed Francesca Bellettini as the new president and CEO of Gucci. She has the task of leading a turnaround for the struggling luxury brand

Strong first half for Golden Goose

Sep 8, 2025 / Italy
Building on its performance in the first quarter, the Italy-based luxury sneaker group ended the first half of the year with strong year-on-year revenue growth of 13%, led by a 19% increase in the DTC channel

Giorgio Armani dies at 91

Sep 5, 2025 / Italy
The Armani Group, founded and led by the iconic Italian fashion designer Giorgio Armani for five decades, has announced his death at the age of 91

Capri Holdings reports encouraging first quarter results

Aug 22, 2025 / United States
The owner of Michael Kors and Jimmy Choo reported first quarter results that exceeded revenue and profitability expectations, following the removal of Versace from its financial statements

Ferragamo launches action plan amid worsening performance

Aug 18, 2025 / Italy
Ferragamo has reported a weak first half due to a tough consumer environment and difficult wholesale conditions. In response, it has devised an action plan focusing on products, communication and distribution

Portuguese Josefinas celebrates 12 years of female luxury and empowerment

Aug 12, 2025 / Portugal
Josefinas, the Portuguese women’s footwear brand that has established itself in the world of luxury as a symbol of female empowerment, is celebrating its 12th anniversary

Prada reports solid first half amid challenging backdrop

Aug 7, 2025 / Italy
The Italy-based luxury group has posted a solid performance in the first half of the year. The Prada brand proved resilient during this period, while Miu Miu continued its accelerated growth trajectory

Hermès maintains growth trajectory

Aug 6, 2025 / France
Building on its performance in the first quarter, the France-based luxury group has reported continued growth in the first half of the year, driven by increased year-on-year sales across all regions

Kering’s revenue and profits tumble in the first half

Jul 31, 2025 / France
The parent company of Gucci and Yves Saint Laurent continues to struggle. In the first half of the year, revenue declined by 16% and net profit declined by 46%, as compared to the same period last year

LVMH posts decline in first half revenue and profit

Jul 28, 2025 / France
In line with its results in the first quarter of the year, the France-based luxury conglomerate ended the first half with a 4% year-on-year decline in revenue and a 22% decline in net profit

Burberry sees a slower revenue drop in the first quarter

Jul 23, 2025 / United Kingdom
The UK-based luxury company reported a 6% decline in revenue in the first quarter of its current fiscal year, but highlighted improvements in comparable retail sales in all regions

Loro Piana placed under court administration in Italy over worker exploitation

Jul 18, 2025 / Italy
The luxury cashmere label owned by LVMH has been placed under judicial administration for a year due to suspected worker exploitation and insufficient oversight within its supply chain

Prada acquires a 10% stake in the Rino Mastrotto leather group

Jun 18, 2025 / Italy
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
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