News
German shoe wholesaler Pölking ends insolvency proceedings
After 14 months of self-administration, the German shoe wholesaler Pölking has emerged from insolvency and has repositioned itself to adapt to new market conditions
Uniqlo fuels growth for Fast Retailing
The Japanese fashion retailer has posted a large increase in revenue and profits in the first nine months of its current fiscal year, driven by strong performances from Uniqlo across almost all regions
Birkenstock welcomes new Managing Director for Southeast Asia and Down Under
The footwear company has appointed Evelyn Chua as Managing Director for Southeast Asia and Down Under. In this newly created role, she will be in charge of expanding the brand’s presence in the region
Stella Holdings reports first half growth driven by the sports category
Unaudited results for the second quarter and first half of 2024 show that the Hong Kong-based manufacturer’s growth has been driven by an increase in shipments in the sports category
Shoes For Crews Emerges from Chapter 11
The Florida-based slip-resistant footwear brand has completed the sale of substantially all of its assets and emerged from Chapter 11 bankruptcy protection
Asics raises its profit estimates
The Japan-based sportswear company has raised its full-year operating profit guidance by 64% year-over-year on rising demand for its sneakers in the domestic market and abroad
Mulberry appoints new CEO
The British luxury brand has announced the appointment of Andrea Baldo as Chief Executive Officer, effective from the 1st of September. He succeeds Thierry Andretta, who has already stepped down
Low expectations for a recovery in the Italian luxury sector
There are no signs that the downturn in the luxury sector is over, says the Confindustria Moda. Only 1 in 10 entrepreneurs expects an improvement in the second quarter of the year
Better-than-expected second quarter results for adidas
According to preliminary results for the second quarter of the year, the German-based sportswear company posted a better-than-expected quarter and raised its full-year guidance as a result
Decathlon launches new subsidiary to expand its presence around the world
The French-based sporting goods retailer has launched Decathlon Pulse, a fully-owned subsidiary focused on expanding its global presence and driving additional long-term growth
Puma named one of the world’s most sustainable companies by Time magazine
The company has been named one of the “World’s Most Sustainable Companies” by the US magazine Time and Statista, based on environmental data as well as assessments given by external organisations
Pope Francis receives a pair of Portuguese shoes
As part of its 40th-anniversary celebrations, the Portuguese company RICAP Shoes, represented by its administrator and founder, hand-delivered a pair of sandals to His Holiness at the Vatican
Deckers announces board approval of six-for-one forward stock split
The owner of the Hoka and Ugg brands has announced that its Board of Directors has approved a six-for-one forward stock split to make its common shares stock more affordable and attractive
Burberry announces new CEO and warns of loss as first quarter sales slump
The luxury company has warned of an operating loss in the 1H of the year if the slowdown in the luxury sector continues, after reporting a 21% year-on-year fall in sales in the 1Q and announcing the exit of CEO Jonathan Akeroyd
Dr. Martens maintains full year guidance
The UK-based footwear company has reported that trading in the first quarter was in line with expectations and that its guidance for the financial year 2025 remains unchanged
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