Manufacturing

Strong health of the footwear business is expected in the coming months

Premium ContentNov 25, 2021 / Business Conditions Survey

Although COVID-19 is still dominating most of our conversations and making headlines in the news, most of our panel experts believe that businesses will have a positive evolution. Read about this in our most recent bulletin of World Footwear Business Conditions Survey

Business Conditions Survey Companies Consumption Coronavirus - Covid19 Distribution ecommerce Footwear Imports Industry Investment Management Manufacturing Online Prices Retail Sales Shoes Sustainability World Footwear Reports

Footwear industry is now more optimistic about the future

Nov 24, 2021 / Business Conditions Survey

This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of October. Today we bring you a summary of some of the main conclusions

Business Conditions Survey Companies Consumption Coronavirus - Covid19 Distribution ecommerce Footwear Imports Investment Management Manufacturing Online Prices Retail Shoes Sustainability World Footwear Reports

Cambodia to increase minimum wage for 2022

Oct 27, 2021 / Cambodia

A few weeks ago, Cambodia’s Ministry of Labour and Vocational Training issued regulation setting the new minimum wage for the garment, textile, and footwear industries for 2022

Cambodia Fashion Footwear Legal Manufacturing Production Salaries and wages Shoes

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

Companies Coronavirus - Covid19 Exports Industry Logistics Manufacturing Organisations Shoes Vietnam

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

Brazil Companies Exports Footwear International Trade Manufacturing Shoes

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

Companies Coronavirus - Covid19 Footwear Manufacturing Shoes Supply chain Vietnam

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

Austria Companies Management Manufacturing Materials People

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

Israel Legal Manufacturing Retail

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

China Companies Footwear Manufacturing Retail Sales Shoes

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

Companies Coronavirus - Covid19 Manufacturing Slovakia

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.

Acquisitions Brands China Companies Footwear Italy Luxury Manufacturing Retail Sergio Rossi

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

Argentina Brazil Companies Coronavirus - Covid19 Footwear Manufacturing Shoes

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%

Companies Exports Footwear Manufacturing Shoes Vietnam

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

Companies Components Coronavirus - Covid19 Footwear India Manufacturing

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

Brands China Companies Coronavirus - Covid19 Manufacturing Results Sales Yue Yuen

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