China
LK Bennett sold to franchise partner
The UK-based premium fashion chain retailing womenswear, leather footwear and accessories has been sold to its Chinese franchise partner Rebecca Feng
adidas invests in China to accelerate expansion
The Germany-based sports brand is heavily investing in China, where its growth is three times higher than in the rest of the world. adidas plans to open 1 000 stores in China this year and expand ecommerce
Vietnam: footwear exports up by 10.5%
The Asian country continues to step up its footwear exports, while it absorbs some of the business moving away from China. In 2018 Vietnam's exports crossed the 16 million US dollars threshold and growth reached double digit
361 issues profit warning
Based on a preliminary assessment of the group accounts, 361º issued a statement announcing a decrease in net profit and advised caution to all when dealing with shares of the company
Columbia closes buyout of China joint venture
As the new year started, Columbia Sportswear announced it has closed its buyout of the remaining 40% interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture in China with Swire Resources Limited
Zegna wins counterfeit court case in China
After a five-year legal battle against a Chinese counterfeiter, the high-end fashion label has just secured a victory that could be the turning point on the fight against false goods
Yue Yuen announces more investment after drop in revenue
During the first half of 2018, the Yue Yuen group recorded revenue of 4 769.4 million US dollars, representing an increase of 7.2%, compared to the same period in 2017. Profit attributable to owners of the group declined by 41.9% to 150.1 million US dollars
China to lead growth of luxury goods market
CLIA, the China Leather Industry Association, is quoting a new report from specialist consultancy firm Bain & Company, which is forecasting the personal luxury goods market to grow by 6-8% in 2018
Brazilian Footwear elects seven target markets
The Brazilian Shoe Manufacturers Association (Abicalçados), the Brazilian Trade and Investment Promotion Agency (Apex-Brazil) and the members of the Brazilian Footwear program (maintained by those entities) promoted a meeting to select target markets for the next two years
Chinese footwear industry generates 123 billion US dollars
The China Leather Industry Association revealed that, last year, footwear manufacturers generated sales over 120 billion US dollars. This is an increase of 4.4% compared to 2016
Alibaba’s Singles’ Day with new record
China-based ecommerce giant Alibaba generated record 25 billion US dollars (168 billion yuan) in sales in a day, partnering with more retailers to host the 2017 Singles’ Day event
Athleisure products drive Stella’s growth
The Hong Kong based footwear giant has announced volumes increasing by 4.1% in the third quarter, with revenue down by 2.5%. The first nine months registered increases in both volume and vale much driven by the athleisure segment-
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