News
Wolverine partners with leading Chinese sportswear retailer
Joint venture leverages the retail and product expertise of Xtep International Holdings Limited to grow the Merrell and Saucony brands in Mainland China
China’s Green Harbor acquires Jason Wu
Chinese private equity firm Green Harbor Investment has bought a majority stake in the parent company of New York’s Jason Wu. The American fashion brand is aiming at the booming Chinese luxury market
Wolverine reaffirms full-year outlook
The Michigan-based footwear giant reported financial results for the first quarter of the year (ended on the 30th of March). Wolverine also provided an update on its key 2019 investments and full-year 2019 outlook
The new chapter of the US-China trade war
President Trump announced and applied increases on the China tariff rates on List 3 (200 billion US dollars in Chinese-made goods) from 10% to 25%. Remaining goods, including footwear, could be hit with tariffs shortly as a new list was announced
New Generation: meet Bruno Queirós
Fashion is a long-time passion of Bruno Queirós, who has been a model and recently decided to launch a footwear brand. He is the face of The Baron’s Cage, a male footwear brand that promises to revolutionize the market
Bolflex's focus on recycled and vegan materials
The Portuguese-based company specialized in footwear components has just launched into the market new vegan and recycled products. Currently, the company's business model is based on three keywords: reduce, reuse and recycle
Where do shoes come from?
The recent developments on the trade war US-China made us look into the trade relations of both countries in terms of footwear and curious conclusions about consumption in each of the markets arose. Check them here
Kering: Italy tax settlement is closed
The French-based luxury group announced that it has concluded a settlement with the Italian Revenue Agency relating to claims vis-a-vis its Swiss subsidiary Luxury Goods International S.A. (LGI)
David W. McCreight appointed to Wolverine Board of Directors
The Michigan-based footwear giant announced the retirement of Joseph R. Gromek from the company’s Board of Directors, and the appointment of a new Board member, David W. McCreight
Tapestry consolidates growth in sales
The New York-based luxury house has announced third quarter results. Sales increased by 1% in the period, consolidating previous sales growth, and the management continues pleased with the results achieved
Hermès with acceleration in sales
In the first quarter of 2019, the group's consolidated revenue amounted to 1 610 million US dollars, up by 16% at current exchange rates and by 12% at constant exchange rates, thanks to dynamic sales growth in group stores (+13% at constant exchange rates)
We made Coach cool again
The words are from Victor Luis, the man taking the reins of the Tapestry group, which announces itself as the first New York–based House of Modern Luxury Lifestyle Brands. The group's portfolio of brands includes Coach, Stuart Weitzman and Kate Spade
adidas with successful start into 2019
Germany-based giant announced revenue growth of 4% (currency-neutral) in the first quarter of the financial year. Net income from continuing operations increased by 16% in the period. Full-year outlook confirmed
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