Investment
Aldo Camuto deal is off
The acquisition of the footwear business of the Camuto Group by footwear company Aldo is not progressing. Aldo announced it saying both parties have decided not to pursue. Both brands plan to continue working as partners
Obuv Rossii raises 100 million USD in IPO
One of the main players in the mid-price footwear segment in Russia has held an IPO on the Moscow Exchange, raising 100 million US dollars in the operation
Khadim India IPO opens in November
The India-based footwear retailer will have a three days initial public offering period with an aim to raise capital, now that its private equity fund is leaving the business
UNIDO to support development of textile and footwear in Armenia
According to the Armenian News Agency UNIDO will set up a program providing 2 million US dollars for the development of the textile and footwear industries in the country
Bangladesh’s new policy to boost exports
The local authorities seem to be focusing on new policies to reinforce the leather goods and footwear manufacturers capacity and in that way boost exports
Liberty Shoes Chairman urges lower taxes
Adesh Gupta, Chairman and Chief Executive Officer at Liberty Shoes Ltd., claimed a lower rate of the Goods and Services Tax on branded footwear
Sports Direct ups its stake in Debenhams
One of the largest sports-goods retailer in the UK has just made a strategic investment in the department store giant
Leather industry in Pakistan must focus on technology
This was defended by the Leather Working Group during a seminar dedicated to the industry in Pakistan
Endless acquires Jones
The UK-based private equity investor has acquired the business and assets of Jones Bootmaker
Uzbekistan sets output target for the next four years
According to the local authorities the Leather and Footwear Industry of Uzbekistan intends to produce output worth 1.68 billion US dollars in the next four years
Indian leather industry needs to be encouraged
According to the local media, claims are being made to apply exemption from the Goods and Services Tax (GST) for some products, namely leather
Salvatore Ferragamo strengthens presence in Asia
The Italy-based luxury brand announced to be in control of a 100% stake in four joint-venture companies, which control the company’s distribution in South Korea and South-East Asia
European companies are recommended to diversify their markets
The words are from Cleto Sagripanti, President of the European Confederation of the Footwear Industry (CEC). An entrepreneur and a business man with extensive experience in the shoe industry
American distributors of footwear eyeing Ethiopia
The FDRA, the Footwear Distributors and Retailers of America, visited the African country with a group of footwear distributors
LVMH acquires stake in Rimowa
A major stake (80%) of the German premium luggage maker, known for its lightweight suitcases, was acquired by the French-based luxury house-
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