Italy
Hermès could consider investing in Italian fashion and shoe suppliers
This willingness was shown by the luxury company’s CFO, Eric du Halgouët, in a call with analysts last month. The goal would be to further integrate its supply chain
Geox reports moderate growth
The Italian-based brand recorded a positive performance in the year to date, but emphasised that the sales growth was moderate as compared to the last two years
Prada announces nine months results
The Italian-based luxury group posted a 17% increase in revenue in the first nine months of 2023, as compared to the same period of last year, underpinned by solid retail sales growth in all regions
Ferragamo acquires minority stake in three Greater China joint ventures
The Board of Directors of the luxury group has announced the purchase of the minority interests held by Imaginex Holdings and Imaginex Overseas in the three Greater China joint ventures
Ferragamo posts net sales decline
In the first nine months of 2023, the luxury group posted a net sales decline of 8.3% at current exchange rates or 9.2% at constant exchange rates, as compared to the same period of 2022
Bottega Veneta is launching an academy to preserve craftsmanship
The Kering-owned Italian label is establishing the Accademia Labor et Ingenium, a school that reinforces its commitment to supporting and developing artisanal craftsmanship
Prada appoints Luigi Preziotti as Design Director
The Italian-based luxury group has appointed Luigi Preziotti as Design Director and also confirmed Dario Vitale in his current role as Miu Miu's Design Director
Simac Tanning Tech returns to pre-pandemic levels
Final figures confirm a return to pre-pandemic levels, with a 37% increase in buyers and a 14% increase in exhibitors, as compared to the September 2022 edition, says the organisation
Lineapelle closes with an increased number of buyers
The most recent edition of Lineapelle saw a 25% increase in the number of buyers present, as compared to the September 2022 edition, confirming the “reassuring return” of Asia
Visitors to Milan's trade fairs rose by 21%
Between the 17th to the 20th, MICAM and its sisters' fairs were visited by 42 273 people, up by 21% on the September 2022 edition. The organisation highlights the increase in foreign buyers
Golden Goose posts strong first half
The Italian-based luxury sneaker brand saw its revenue increase by 21% in the first half of the year, as compared to the same period in 2022, with all its markets showing double-digit growth
Italian footwear industry decelerates
Expectations of a slowdown in the country's footwear industry materialised in the second quarter of 2023. Both the volume of exports and production are falling, as is household spending
21st Edition of the UITIC Congress: innovation as a pathway to sustainability
Key stakeholders in the footwear industry will come together between the 20th to the 22nd of September, in Milan, to discuss how innovative solutions can ensure a more sustainable future
Italian footwear exports to Russia increase despite the current context
Exports of Italian footwear to Russia increased in value and volume in the first quarter of 2023, as compared to the same period last year-
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