China
Sonia Rykiel faces liquidation
After a restructuring process the company elected no winning bid and is now facing liquidation and will now work to close stores around the world
China's GDP growth slows to 27-years low
The economic growth of the Asian giant slowed to 6.2% in the second quarter of the fiscal year, reflecting the weakest pace in the last decades. The US-China trade war is starting to pressure economic growth, analysts say
Belle to spin off sportswear business
Chinese footwear manufacturer and retailer Belle International has filed papers for a public listing of its sportswear business Topsports International. The deal could amount to 1 billion US dollars
Caleres' joint venture to expand distribution in China
The US-based footwear giant will begin to distribute footwear in greater China, including Hong Kong, Macau and Taiwan, through a joint venture with Brand Investment Holding, a member of the Gemkell Group
38th International Footwear Conference
The 38th edition of the International Footwear Conference took place in Guangzhou, China in May, gathering together several key players of the industry
Abicalçados and Apex-Brasil renew agreement
During the latest edition of the Francal trade fair, the Brazilian Footwear Industries Association (Abicalçados) announced the renewal of the agreement to maintain the Brazilian Footwear program, developed in partnership with the Brazilian Trade and Investment Promotion Agency (Apex-Brasil)
US-China Trade war: new tariffs on hold
President Trump and President Xi agreed Saturday to hold off on imposing new tariffs and continue trade negotiations, after meeting on the occasion of the G-20 Summit in Osaka
US China meeting to take place this weekend
President Trump and President Xi are expected to meet this Saturday in Osaka (Japan) during the G-20 Summit and the international trade topic is hot on the agenda
BASF invests in Longwater Advanced Materials Fund
The Chinese fund focuses on advanced materials and chemistry-related technologies. The partnership will facilitate a synergetic collaboration between BASF Venture Capital and Longwater Investment
Crocs to reduce sourcing from China
The footwear company known for the iconic clogs says the amount of US products sourced from China will be below 10% for 2020. Currently, Crocs imports 30% of its US product from China
Huajian group to invest in Ethiopia
According to the website of the Ethiopian Embassy Brussels, the Chinese-based group will invest 100 million US dollars in shoe manufacturing and coffee processing
Footwear industry leaders joined forces against tariffs
Last week, the leaders of 5 industry associations in the US signed a letter addressed to President Trump, opposing the proposed tariffs on shoes and other accessories coming from China
200 shoe companies send Mr Trump a letter
US-based footwear companies have signed a letter urging President Donald Trump to remove footwear from his latest tranche of tariffs to be applied to Chinese-made products
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 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-
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Footwear Consumer 2030
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