Italy
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
Assomac supports internationalisation efforts
The Italian Association of Tanning, Shoe and Leather Goods Machinery Manufacturers (Assomac) is supporting the internationalisation efforts of the sector in key markets such as India, Hong Kong and Pakistan
More buyers at the last edition of Lineapelle
Amid an “economic phase that still presents significant challenges”, the February edition of Lineapelle closed with a 7% increase in buyers compared to the previous edition in September
40 449 trade visitors at the last edition of MICAM and its sisters fairs
MICAM Milano, Milano Fashion&Jewels, MIPEL and The One Milano ended their last editions with 40 449 trade visitors, 45% of whom were international, representing 127 countries
Silvia Onofri appointed as the new CEO of Miu Miu
The Italy-based Prada Group has announced the appointment of Silvia Onofri as CEO of its Miu Miu brand. She was president of VF Corp-owned outerwear brand Napapijri until January
Golden Goose announces new investor
The luxury sneaker company has announced that the Hong Kong-based Blue Pool Capital, founded by Alibaba Group co-founder and chairman Joe Tsai, has acquired a 12% stake in the company
Ferragamo CEO Marco Gobbetti leaves amid slowing sales
The Italy-based luxury group has announced the departure of CEO Marco Gobbetti, shortly after reporting lower preliminary sales for the fourth quarter and full year 2024
Growing number of foreign buyers at Pitti Uomo
At the last edition of the men’s fashion fair held in Florence, foreign buyers increased by 6.5% compared to twelve months ago and in line with the June edition, while Italian buyers remained stable
Startup competition at Expo Riva Schuh & Gardabags showcases retail innovation
Expo Riva Schuh & Gardabags’ Innovation Village Retail featured nine startups pioneering digital and sustainable solutions, with CLOOV winning for its circular footwear business model
Expo Riva Schuh & Gardabags unveils new vision for 2025
The revamped Gardabags format, set to start in June 2025, focuses on aligning with buyer needs through distinct categories for sourcing, private-label collaborations and branded product showcases
Expo Riva closes with positive figures despite difficult market conditions
In line with January 2024 and amid difficult market conditions, the Italian trade fair specialising in footwear, bags and accessories closed its last edition with 9 000 visitors from around 100 countries
Geox launches five-year plan to reach over 850 million euros in revenue
The Italy-based company, known for its breathable footwear technology, has launched a five-year plan aimed at bolstering the business that includes 120 million euros of investment
Italy: footwear exports continue downward trend
The third quarter of the year did not bring a turnaround in the sector’s difficult situation, resulting in a cumulative decline of 9.2% in the value of footwear exports between January and September
Italian and Scottish brands unite for European shoe collections
Nice Footwear, through Nice Brand Lab, deepens its collaboration with Scottish fashion brand Lyle & Scott to create and distribute exclusive footwear collections across Europe
Italian leather-footwear sector with a challenging 2024
Data from Assomac highlighted the economic challenges of Italy's leather sector in 2024, with declined exports and 78% of companies reporting reduced demand across domestic and international markets-
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