Italy
Ferragamo reports a weak first quarter
The luxury group reported a 4.0% year-over-year revenue decline in the first quarter of 2023, saying that the release of its new collection has not yet helped the brand’s relaunch
Golden Goose reaches record annual revenue of 500 million euros
The Italian-based luxury sneakers brand posted a revenue growth of 30% in 2022 over the prior year, reaching 500.9 million euros, driven by a strong performance in the Americas region
Prada Group plans to hire over 400 workers
The Italian-based luxury group has announced that it plans to hire more than 400 people by the end of 2023 to increase its production capacity and craftsmanship expertise in Italy
Gucci launches new deadstock and resale programmes
The luxury House has launched the initiatives Gucci Preloved with Vestiaire Collective and Gucci Continuum, featuring redesigned deadstock materials, as part of its ongoing circularity efforts
Next edition of the UITIC Congress with open calls for papers
The 21st edition of the International Technical Footwear Congress, which will take place from the 20th to the 22nd of September 2023, in Milan, has opened calls for presentations on sustainability and innovation
Prada reports annual revenue growth of 21%
The Italian-based luxury group reported a net sales growth of 21% in 2022 over the prior year. Both the Prada and Miu Miu brands performed “strongly”
Ferragamo confirms full year 2022 results
The Italian-based luxury group recorded revenue growth of 10.2% in 2022 over the prior year, reaching 1.25 billion euros, with sales growing in all regions except for Asia Pacific
Brazilian Arezzo acquires first international brand
The Brazilian footwear and accessories group has acquired a 65% share in the Milan-based shoe brand Paris Texas, suggesting it plans to continue expanding its global footprint
Tod's and Lamborghini announce partnership
The luxury group and the manufacturer of sports cars have announced an exclusive collaboration, “with an undisputed Italian touch”, across an extensive range of products
Lineapelle returns to a pre-pandemic dimension with a high turnout of buyers
1 161 exhibitors from 42 countries welcomed over 24 000 buyers into their stands at the last edition of the trade fair, held between the 21st and the 23rd of February at Fiera Milano Rho
International buyers back at MICAM in full force
Buyers numbers at the last edition of the international footwear trade fair increased by 25% over the previous edition, with about half of them visiting from abroad
MICAM to host 988 brands in the upcoming edition
The international footwear trade show, which will be held from the 19th to the 22nd of February at Fiera Milano Rho, in Milan, will feature a total of 988 brands, including 451 foreign exhibitors
Next UITIC Congress to focus on sustainability and innovation
The 21st edition of the UITIC Congress, which will take place from the 20th to the 22nd of September 2023 in Milan and Vigevano, will address the relation between sustainability and innovation
Geox announces full year preliminary results ahead of expectations
The Italian brand posted a sales growth of 21% in 2022 over the prior year, sustained by double-digit growth on all distribution channels and across all the main regions
Ferragamo reports full year revenue growth
The Italian-based luxury group has announced preliminary consolidated results for the year 2022. Sales grew in all regions, except for Asia Pacific, due to a COVID-19-related slowdown in China-
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