Prada Group’s sales driven higher by Miu Miu
In the first quarter of 2024, Prada Group’s revenues rose by 11 percent to €1,187 million, driven by the Miu Miu brand and beating market expectations by nearly €50 million. At constant exchange rates, the top line was up by 16 percent.
Primark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance.
Golden Goose’s revenues rise 11% in Q1
Golden Goose said that in the first quarter of 2024 revenues rose by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates, while “maintaining strong margins.”
Majo-Schuhe takes over three MyShoes stores
The family-run company Majo-Schuhe has acquired three stores from the footwear retailer MyShoes, a spokesman for the latter’s parent company Deichmann said, according to media reports.
Theo Henkelman Footwear buys Bullboxer trademark rights for Europe
The Dutch footwear group Theo Henkelman Footwear has acquired the trademark rights to Bullboxer in Europe.
US regulator moves to block Tapestry’s acquisition of Capri
On April 22, the US Federal Trade Commission (FTC) decided to sue to block Tapestry’s $8.5 billion acquisition of Capri Holdings. However, the companies plan to defend their case in court and to complete the transaction by the end of 2024.
Golden Goose’s revenues rise 11% in Q1
Golden Goose said that in the first quarter of 2024 revenues rose by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates, while “maintaining strong margins.”
Crocs names a new head for Heydude
Crocs has appointed Terence Reilly as the executive vice president and president for Heydude, as the brand expands its retail business and its European presence. Reilly will join the group’s executive leadership team on April 29 and will report directly to Andrew Rees, the chief executive officer of Crocs, Inc.
Dr. Martens shares get a kicking as CEO quits after fifth profits warning
Dr. Martens’ shares slumped by more than a third to record lows and trading in the stock was briefly suspended in London as the UK bootmaker said that its chief executive, Kenny Wilson, would step down after issuing a fifth profit warning in three years amid continuing woes in its ...
German fashion manufacturing back to pre-pandemic levels, but outlook remains cautious
German clothing manufacturers swung back to pre-Covid-19 levels as they posted a double-digit sales increase in 2023, up by 10.8 percent to €6.8 billion, according to official figures from the country’s statistics office Destatis.
Kazakhstan sees a rise in footwear imports as local production remains low
Kazakh footwear manufacturers only covered a tiny part of domestic demand, and their market share is shrinking, a recent research showed.
Spanish footwear exports rose in value but slipped in volumes in 2023
Spanish footwear exports totaled €3,260 million in 2023, up by 6.6 percent compared to the previous year when exports breached the €3 billion threshold for the first time. In 2022, exports rose by 22 percent to €3,056 million, according to data released by Fice, the Spanish footwear association.
German shoemakers expect a challenging 2024
The German footwear and leather goods industry is facing “a challenging 2024” but a turnaround is possible towards the end of the year, according to Manfred Junkert, the general manager of the German footwear and leather goods trade association, HDS/L.