UFG files for bankruptcy
Unlimited Footwear Group (UFG) has unexpectedly filed for bankruptcy in the Netherlands.
How French retailers can save up to a year’s rent on their lease
In a comprehensive interview, Tanguy Pissembon, a Paris-based legal counsel in real estate, explains how commercial tenants in France can significantly save on their rents when renewing their leases by properly using the country’s legislation.
Alviero Martini under court administration amid supply chain labor exploitation charges
Alviero Martini has been placed under court administration by the Milan court, following a probe that found its supply chain relied on Chinese sweatshops that exploited workers to produce the Italian fashion house’s accessories and shoes.
Minelli partially saved
The French footwear retailer Minelli is being acquired by three investors and avoids going into liquidation, the news agency AFP reported citing a decision by a Marseille-based commercial tribunal. However, the investors will only keep a third of Minelli’s employees and less than half its stores.
CEC welcomes EU comprise on ecodesign
The European Footwear Confederation (CEC) welcomed a compromise reached on Dec. 4 between the European Parliament and the European Council regarding proposed legislation on ecodesign for Sustainable Product Regulation launched by the European Commission on March 30, 2022. It also believes that the forthcoming legislation could relaunch leather as a ...
EU to ban the destruction of unsold clothing and footwear
During the night of Dec. 4, the European Parliament and the European Council reached a provisional agreement, at a technical level, on revising the European Union’s ecodesign framework for sustainable products, the parliament said.
CEC elects Rosana Perán as president
The general assembly of the European Footwear Confederation (CEC) held on Dec. 1 in Elche, Spain, elected Rosana Perán, as its president for the next two years. She is the first woman to head CEC and succeeds Luis Onofre, president of the Portuguese footwear association, Apiccaps.
Austrian children’s shoe manufacturer Richter files for bankruptcy
The Austrian company Ferdinand Richter, the oldest children’s shoe manufacturer in Europe, has filed for bankruptcy with the Graz regional court. The company, which is based in Pasching, near Linz, with management in Graz, is however planning to continue operations, according to media reports.
Prada’s footwear sales slow down sharply in Q3
In the first nine months of 2023, footwear sales for Prada Group in the retail channel rose by 16 percent year-over-year at constant currency rates to €556 million. Shoes represented 19 percent of the group’s retail sales. In the sole third quarter, footwear sales grew by 10 percent, half the ...
German industry association fears new wave of insolvencies due to Covid aid repayments
Germany’s textile, shoes and leather goods trade association BTE warned of a new wave of insolvencies and closures, as fashion and footwear retailers continue to struggle with the fallout from the coronavirus pandemic while possible repayments of pandemic state aid loom, adding to the already challenging conditions.