News
Kurt Geiger plans 500 job cuts as UK's intends to end tax-free shopping
The luxury footwear and accessories retailer plans to cut 500 jobs, a quarter of its workforce, early next year after the British government announced that it plans to abolish tax-free shopping by the end of the current year
Ferragamo launches 3D made-to-order service
The Italy-based luxury brand is teaming up with Microsoft and its technological partner Hevolus for launching an innovative service to its customers. Hevolus's Augmented Store at Home platform is based on Microsoft's Cloud Computing and Mixed Reality technologies
Brazil expects 1.2 million US dollars from digital networking meetings
According to Abicalçados the digital business networking meetings held by 20 Brazilian footwear brands with buyers from Latin America between the 24th of August and the 25th of September will likely generate 1.2 million US dollars in businesses
Footwear stores hit hard in Moscow and St. Petersburg
Shoe Intelligence, based on estimations by Moscow-based think tank Evotor, is reporting a 17% plunge in sales of independent footwear stores in Russia in September. Decline is more severe in Moscow and St. Petersburg
Kering overcomes expectations despite 4.3% sales decline
The luxury group announced consolidated revenue in the third quarter of 2020 of 3 717.7 million euros, down by 4.3% as reported. Double digit growth in North America and Asia-Pacific contributed to the period's performance
Prada appoints Malika Savell Chief Diversity, Equity and Inclusion Officer
After Chanel, Gucci and Kering, it is Prada's turn to create a position as Director of Diversity, Equity and Inclusion Officer and Malika Savell has been appointed to the position in Prada North America
Crocs and Justin Bieber in partnership
The casual footwear brand announced a collaboration with global superstar Justin Bieber. The Crocs X Justin Bieber is inspired from the signature yellow of Bieber's personal clothing brand and includes eight custom Jibbitz charms
361 provides operational update
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the third quarter of 2020
VF shows signs of recovery with higher than expected results
The owner of brands such as Vans, The North Face and Timberland, registered declining revenue in the second quarter (-18%). Notwistanding, VF's results have surpassed their internal expectations, which is being taken as a positive sign of recovery
Savana launches new brand
For the Portuguese-based footwear company protecting the environment is as important as creating a good pair of shoes. With that thought in mind the company has launched a new brand
Ennio Fontana takes on the leadership of Roberto Cavalli
The Italy-based company confirmed the appointment of Ennio Fontana as their new General Manager. Ennio Fontana, who worked for twenty years alongside Philipp Plein, is now taking over the reins of Roberto Cavalli
Amy Hunter is Caleres new Vice President of Diversity, Equity and Inclusion
The St. Louis-based company has announced Amy Hunter will join the company as Vice President of Diversity, Equity and Inclusion, effective from today
LVMH: fashion and leather goods division with improved revenue
The luxury group recorded revenue of 30.3 billion euros in the first nine months of 2020, down by 21%. Revenue was down by 7% in the third quarter, reflecting an improvement in trends, with a return to growth in the Fashion & Leather Goods segment
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Bangladesh’s leather industry with declining quarter
In the first 3 months of the current year, Bangladesh’s leather industry registered a total of 225.15 million US dollars’ worth of exporting revenue, which represented a decline of 11.49% over the performance in similar period in the previous fiscal year
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