World Footwear

Manufacturing

Vietnam: industry faces contractual penalties and order cancellations

Oct 20, 2021 / Vietnam
Several Vietnamese apparel and footwear companies have incurred contractual penalties for delivery delays this year, while facing unexpected order cancellations for 2022

Brazilian footwear production should increase 12.2% in 2021

Oct 8, 2021 / Brazil
According to the Brazilian Footwear Industries Association, footwear production should increase by 12.2% in 2021, totalling 856.9 million pairs. Growth is driven by the increase in footwear exports

Vietnam: industry struggles with extended lockdowns

Oct 1, 2021 / Vietnam
Textile and footwear industries keep struggling in Vietnam amidst strict and extended coronavirus lockdowns. Companies anticipate delays and shortages of goods, along with higher labour prices and shipping costs, as the holiday season approaches

Lenzing CEO steps down

Sep 15, 2021 / Austria
The Supervisory Board of Lenzing AG, a leading producer of wood-based cellulosic fibres, has come to a mutual agreement with its longstanding Chief Executive Officer Stefan Doboczky to end his contract

Israel bans sale of fur in the fashion industry

Jul 2, 2021 / Israel
Israel has announced that it has banned the sale of fur in the fashion industry, promoted by Environmental Protection Minister Gila Gamliel. The decision will go into effect in six months, making Israel the first country to prohibit the usage of this material in the fashion industry

Yue Yuen: revenue increases by 26.6%

Jun 21, 2021 / China
Revenue in the first three months of 2021 increased 26.6% to 2.49 billion, compared to the corresponding period of last year. Profit was 85.4 million US dollars, compared with a loss of 56.3 million US dollars attributable in the same period of last year

Slovakia: decline in new industry orders

Jun 18, 2021 / Slovakia
According to the latest data issued by the Slovak Statistical Office (SÚSR), new orders in industry decreased by 2% in April 2021 compared to March 2021

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.

Brazilian-based Beira Rio to set up factory in Argentina

Apr 22, 2021 / Argentina
One of the largest footwear manufacturers in Brazil, Calçados Beira Rio, S.A., plans to install a footwear factory in Argentina. The aim is to produce three million pairs per year

Dependence on FDI of Vietnam exports raises worries

Apr 21, 2021 / Vietnam
In the first quarter of the year, the country reached an estimated export turnover of 77.34 billion US dollars, an increase of 22% from the first quarter of 2020. The FDI sector accounted for 76.3%

How COVID-19 is impacting the footwear industry in Agra

Apr 20, 2021 / India
The local footwear industry had hoped that the pandemic would lose momentum and the expectation was for some recovery in 2021. However, a new pandemic wave is bringing added uncertainty back to the equation

Two digits monthly increase for Yue Yuen' sales

Apr 20, 2021 / China
The Chinese footwear giant has announced two digits increase in sales registered in the month of March 2021. The first quarter of the new fiscal year also marked by recovery

South Africa: impact of COVID-19 on the footwear industry

Mar 31, 2021 / South Africa
Jirka Vymetal, the Executive Director of SAFLIA - Southern African Footwear and Leather Industries Association, spoke with local magazine S&V about the state of the footwear industry in the country

Asics will be distributed in Argentina by Dass

Mar 22, 2021 / Argentina
The Japanese-based sportswear brand is delegating the distribution of its branded products in Argentina to Brazilian-based company Dass

Manufacturing in Pirmasens is ending for Peter Kaiser

Mar 19, 2021 / Germany
New investors were announced for Peter Kaiser. In addition to the current CEO Stefan Frank, a couple of investors join the business: Hans-Joachim and Gisa Sander (husband and wife), founders of cosmetics company Wella. Pirmasens production line to shut down
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