France
Retail Flash: insights from key footwear markets
Explore the main retail trends in France, Germany, Japan, the Netherlands, the UK, the US and Spain from our Retail Flash reports, highlighting volatility in 2024 and mixed consumer and retailer sentiment. In particular, new tariffs on key trading partners could put pressure on US footwear prices, Germany’s online sector continues to expand and Japan faces rising inflation
Decathlon to open 20 stores in Argentina
The France-based sporting goods retailer plans to open 20 stores in Argentina by 2026. The move marks Decathlon’s return to Argentina after more than two decades of absence
Strong full year 2024 for Hermès
Amidst a challenging macroeconomic environment, the France-based luxury group has reported a strong full year performance, underpinned by solid growth in all regions
Kering reports a 12% decline in full year revenue
The French-based luxury group ended the year in the red once again, with full year revenue down by 12% on the previous year. Sabato de Sarno has since left Gucci
Maison Margiela appoints Glenn Martens as creative director
The OTB-owned luxury brand has found a successor to John Galliano, who left the label in December. Glenn Martens is the new creative director at Maison Margiela
Stella McCartney buys back LVMH’s minority stake in her namesake label
The fashion designer is buying back LVMH’s minority stake in the house she founded, but will continue to advise the group on sustainability issues, the two companies announced
LVMH reports stable performance after a difficult year in 2024
Amidst a challenging global economic environment, the France-based luxury group has reported stable 2024 results, highlighting a slight acceleration in growth in the fourth quarter
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-
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