News
Forever 21 files for bankruptcy
The fast fashion retailer of clothing and accessories filed for Chapter 11 bankruptcy. Forever 21 plans to close most of its stores in Asia and Europe
Bolflex's focus on sustainable growth
Portugal-based Bolflex has been working to reduce its environmental carbon footprint, permanently concerned with the environment and the future of the planet
Skechers announces 85% reduction of plastic in its footwear packaging
The US-based footwear brand announced that since 2016 the use of plastic in its footwear packaging was reduced by 85% to 10% of its foot forms, all of which is recyclable
Asics extends partnership with IAAF until 2029
The two entities announced the renewal of their partnership and Asics’s commitment to the world of athletics with the signing today of a new 10-year agreement as an Official IAAF Partner
Kering commits to full carbon neutrality
The entire group is focusing on becoming carbon neutral within its own operations and across the entire supply chain. As a next step in its long-term commitment to sustainability, Kering will offset the Group’s annual Greenhouse Gas (GHG) emissions from 2018
European industry working towards sustainability
Project LIFE GreenShoes4All, co-funded by the European Commission, will implement and promote a method to measure the environmental performance of each shoe and a green label. The project also seeks to propose and disseminate innovative green shoes ecodesign and recycling strategies
LVMH's engagement with environment and biodiversity
The group announced the acceleration of its commitments to protect biodiversity during an event held in Paris centred on the LVMH Initiatives for the Environment program (LIFE program)
VF updates long-term strategic growth plan
The Denver-based business provided an update to the company’s strategic growth plan and key initiatives to deliver long-term sustainable growth and value creation
Nike with new initiatives to tackle climate change
The sportswear giant has announced new initiatives of the Move to Zero program. Nike claims this translates their aggressive effort to combat climate change
Pentland Brands targets international growth
The UK-based company has announced new executive team responsibilities, and a new Chief Marketing Officer, to help drive the international growth of its portfolio of sports, outdoor and active brands
Nike with another strong quarter
Revenue increased to 10.7 billion US dollars in the first quarter, up by 7% on a reported basis and up by 10% on a currency-neutral basis, driven by growth across all geographies
Farfetch sued for allegedly misleading shareholders
The online luxury fashion retail platform is at the centre of a multiple lawsuit over allegation of misleading shareholders in its Initial Public Offering (IPO)
Is your footwear business sustainable?
The 8th Global Footwear Sustainability Summit, focusing on the sustainability theme within the footwear business, was organized by Shanghai Copex Global and took place in Shanghai
2018: a year of growth for the footwear industry
The year 2018 was marked by the positive dynamics initiated in 2017, following two years of stabilization. Footwear production and exports grew by 2.7% and 4.3%, respectively. Data is from the World Footwear Yearbook 2019 published by APICCAPS
Skechers returns to the London Fashion Week
Skechers returned to Mercedes-Benz London Fashion Week. Male and female models walked the runways in Skechers footwear from a selection of the global brand’s stylish collections
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