France
Alliance France Cuir launches campaign in defence of leather
“Rien n’imite le cuir aussi bien que le cuir” is the new campaign launched by Alliance France Cuir to defend the quality of leather against similar materials of vegetable origin
French leather shoe exports fall, but China offers opportunity
French leather footwear exports fell by 3% year-on-year between January and August, but according to Alliance France Cuir, there’s still room for luxury footwear to grow in China
France Retail: retailers cautiously optimistic for the holidays
October brought good news for footwear sales and retailer confidence is also on the rise, despite negative footwear inflation and rising costs. However, the picture isn’t clear regarding consumer confidence, which fell to a five-month low in November as households worried about the economic outlook in light of France’s difficult political environment. Will this weigh on footwear sales in the last two months of the year, or will recent news that consumers are planning to spend more on the festive season prevail?
Bottega Veneta appoints Louise Trotter as Creative Director
The British designer will succeed Matthieu Blazy at the creative leadership of the luxury label, parent company Kering and Bottega Veneta announced in a joint release
John Galliano leaves Maison Margiela
The renowned British designer will leave the OTB-owned luxury brand, bringing to an end a successful 10-year collaboration. His next move remains unknown
Gucci fully acquires Colonna Group tannery
Gucci Logistica, a subsidiary of Kering, has increased its stake in the Colonna Group to 100% for an undisclosed sum, thus strengthening its investment in the leather industry
Kering leads the fashion industry with science-based targets for nature
The French group became the first fashion company to set measurable science-based goals for reducing water use and land footprint, including both its direct operations and supply chain
JD Sports completes acquisition of Courir
The UK-based sportswear retailer has completed the acquisition of France's Groupe Courir, thus strengthening its position in the European market. The deal was first announced in May 2023
Sports goods manufacturer Le Coq Sportif placed in receivership
The French sportswear company that supplied the uniforms for the country’s Olympic team has been placed under judicial reorganisation by the Paris Commercial Court. It is now seeking new financing solutions
Retail Flash: insights from key footwear markets
Explore the main retail trends in France, Germany, Japan, the UK, the US and Spain from our Retail Flash reports, highlighting a mix of recovery, persistent challenges and cautious optimism in global markets. In particular, while France and Germany continue to struggle, the US and Spain show signs of retail optimism
French parliament reduces VAT on shoe and leather goods repairs
France’s lower house of parliament has approved a tax break for repairers by reducing the VAT rate from 20% to 5.5% on the repair of shoes and leather goods
Hermès maintains momentum with strong third quarter growth
The French-based luxury group delivered a 14% revenue increase in the first nine months of the year. Japan and Europe, excluding France, experienced the highest regional sales growth
Kering issues third profit warning of the year
The owner of Gucci and Yves Saint Laurent has issued a third profit warning amid a downturn in the luxury market and after posting a “larger-than-expected” slowdown in the third quarter
Decathlon’s investment arm to bring sustainable fashion innovation technology to Europe
Decathlon Pulse has partnered with unspun to expand the use of 3D weaving technology across Europe, with a focus on reducing waste and promoting sustainable, locally-produced fashion with minimal inventory
LVMH reports drop in third quarter revenue
The luxury group has reported a 3% decline in organic revenue in the third quarter of the year, as compared to the same period of last year, including a 5% year-on-year decline in its fashion and leather goods division-
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