Investment
Chanel acquires stake in Italian tannery
The French luxury brand took another step in its strategy to reinforce its production process by acquiring a stake in Conceria Samanta, an Italian tannery company specialized in printed leathers, which has been its supplier for several years
Deichmann announces UK expansion
The Germany-based retailer has announced plans to expand its UK store portfolio. Last year the brand has opened 9 stores in that country bringing its network of stores in the UK to 102
Asics Ventures takes stake in Curv Labs
Asics announced that its investment subsidiary has taken an equity stake in Curv Labs, a Canadian startup that has developed software to capture motion
Hermès to expand site in Saint Junien
The luxury group continues to invest in France, by expanding its facilities and creating new job opportunities
Tamara Mellon raises funding for brand's expansion
The co-founder of the Jimmy Choo brand has managed to secure funding to expand her namesake brand. Tamara Mellon raised 50 million US dollars for the expansion of the brand
Facebook reveals its Libra cryptocurrency
Libra was announced as a low-volatility cryptocurrency, powered by a smart contract platform that’s designed to be secure, scalable, and reliable. The cryptocurrency is governed by non-profit Libra Association based in Geneva
Bata to invest in Colombia
The total investment should amount to 5 million US dollars. Bata is aiming to open new stores and renew the e-commerce platform
Chanel invests in company focused on sustainable materials
The French-based luxury brand has invested in a chemistry firm that's exploring ways silk could replace chemicals used in clothing manufacturing
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
Talking sustainability with the Chairman of Leather Naturally
Leather Naturally has recently secured funding of 1.5 million US dollars to launch a global campaign to promote the use of leather. We took the opportunity to speak to Egbert Dikkers, Chairman of the Leather Naturally Management Board
Deichmann acquires shoe chain KicksUSA
German shoe retailer Deichmann is investing in China and the US with several initiatives planned for 2019. The acquisition of shoe chain KicksUSA already took place
JD Sports to buy remaining shares of Footasylum
UK-based retailer JD Sports has agreed to buy the remaining shares of Footasylum, in a cash deal, a month after it took an initial stake in the company
Fila to open 100 retail stores in India
Fila India, a sporting goods company owned by Cravatex Brands Limited, the Indian arm of the Batra Group, is adopting a competitive expansion strategy in the country as it forecasts the opening of one hundred stores by 2020
Portugal creates hundreds of new footwear brands
The creation of own brands is one of the main focus of the Portuguese footwear industry. According to the Portuguese Footwear Technological Centre and its Office for the Promotion of Industrial Property (GAPI) 238 footwear brands were created since 2010
Sri Lanka: revenue from footwear and leather tripled
According to statistics issued by the local entities revenue generated by exports of these industries have presented a very dynamic performance in over one decade, growing by 300%-
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