News
Steve Madden posts revenue growth
The US-based footwear, accessories and apparel designer has posted 13.0% year-over-year revenue growth in the third quarter, with a strong contribution from the newly acquired Almost Famous business
EU Parliament postpones implementation of deforestation regulation
The EU has granted a one-year extension for the EUDR implementation amid concerns from stakeholders. The regulation’s country risk classification will now include a “no-risk” category, easing requirements for selected regions
Tapestry and Capri Holdings call off merger plans
The two companies have agreed to call off their merger plans after a US court blocked the deal last October, ending their efforts to create a US luxury giant capable of competing with major European players
Allbirds reports third quarter sales drop and adjusts full year outlook
The US company has lowered its full year sales guidance due to a sharp decline in revenue in the third quarter. This also reflects the expected impact of store closures and international distribution transitions
Tapestry raises full year outlook
The US-based luxury group, which owns Coach, Kate Spade and Stuart Weitzman, has raised its guidance for the full year 2025, after reporting a better-than-expected first quarter performance
Capri Holdings falls sharply as hopes of Tapestry merger fade
The US-based luxury group has reported another weak quarterly performance amid weak global demand for luxury goods. Versace suffered the biggest fall, while Jimmy Choo returned to green
Vida Shoes acquires luxury shoe brand Aquatalia
Vida Shoes International, which owns brands such as Jambu, JBU, J Sport and Andre Assous, has acquired the made-in-Italy luxury shoe brand Aquatalia
Wolverine Worldwide revises fiscal 2024 guidance
The US-based company reported lower revenues and robust margins. While sales decreased by 7.4% year-over-year, gross margin increased by 450 basis points as a result of reduced supply chain costs
Growth in both B2C and B2B vectors confirms strong third quarter for Zalando
The German multi-brand online retailer has reported growth in both the B2C and B2B vectors, confirming the strong performance previously reported for the third quarter of the year
Kering and Centre for Sustainable Fashion launch new governance programme
Launched by Kering and the Center for Sustainable Fashion, “Governance for Tomorrow” is a three-year programme that aims to bring together experts from different sectors to develop alternative governance models in luxury fashion
Golden Goose reports revenue growth in the first nine months of 2024
The Italian-based luxury footwear brand has reported a revenue of 466 million euros in the first nine months of 2024, up by 12% year-over-year. New store openings and strong online traffic drove DTC performance
Sustained trend in Spanish exports
Despite the difficult international context, which has negatively impacted competitor countries such as Italy, Spain continues to record growing export figures in both volume and value terms
Under Armour reports revenue decline with improved profitability
The US-based sportswear company has increased its gross margin, although this was partially offset by lower revenues in all markets. Fiscal 2025 guidance has been positively revised
Rosana Perán Bazán will continue at the helm of FICE
Rosana Perán Bazán's role as President of the Spanish Federation of Footwear Industries (FICE) was renewed at the association’s recent General Assembly. She first took up the role in 2022
Florbela Silva from CTCP: how is Portugal modernising its footwear industry?
We spoke to Florbela Silva, Head of Innovation and Digital Fabrication and CTCP FabLab, to find out more about the FAIST project, which aims to drive a significant reindustrialisation of the Portuguese footwear industry. During our interview, we discussed the project’s objectives, tools to be leveraged, partnerships and main outcomes
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