San Marina placed into receivership
The French footwear retailer San Marina was placed under controlled administration, or receivership, on Sept. 22 at its request by a Marseille-based commercial court.
Görtz and Surf4Shoes file for bankruptcy amid uncertainty, soaring inflation
Görtz and Surf4Shoes are among the latest companies caught in a wave of bankruptcies that appears to be gathering pace in Germany. Heightened consumer uncertainty, sky-rocketing inflation and rising energy prices are seen as the main destabilizing factors, as the war in Ukraine rages and the European Union’s sanctions against ...
How the exodus out of Russia is creating opportunities for locals
Western footwear retailers that pulled out from the Russian market over the past few months in the wake of Russia’s invasion of Ukraine sold products worth 51.2 billion rubles (€911m) in the country in 2021, estimated Chestny Znak, a Russian regulator supervising the labelling of fashion products on the domestic ...
EU to use trade agreements to promote sustainability
The European Commission said that it took ”a major step in making EU trade greener, fairer and more sustainable” thanks to a new plan to enhance the contribution of trade agreements in protecting the climate, environment and labor rights worldwide.
EU proposes new consumer rights on sustainability and a ban on greenwashing
The European Commission is proposing to amend the European Union Consumer Rights Directive to oblige traders to provide consumers with information on products’ durability and reparability with the aim of empowering consumers for the green transition. The measure is one of many included in a wider package called the European ...
Italian self-assessment ESG program to start beta trials
A software package allowing the self-assessment of companies’ environmental, social and governance (ESG) performances is scheduled to be rolled out for beta tests at several Italian companies over the coming weeks. The indicative number of companies involved in the trials could be four to six, according to the developers of ...
Brazil renews footwear export program for 2 years
Abicalçados, the Brazilian footwear association, and ApexBrasil, the Brazilian agency for the promotion of exports and investments, signed the renewal of a two-year agreement to promote Brazilian footwear. The program simply called Brazilian Footwear was launched more than two decades ago.
C-Suite interview: Covid-19 has masked the surge of regional integration in Asia-Pacific
In an exclusive interview with Shoe Intelligence, William Wong, the founder and head of the Hong Kong-based footwear company Goddess International, and the representative of the Confederation of International Footwear Association (CIFA), sheds light on the impact of regional integration in Asia-Pacific, the growing role of the region in design ...
Italian shoemakers ask for aid to mitigate the impact of Ukrainian war
The Italian footwear association Assocalzaturifici is asking for state aid to mitigate the negative impact Russia’s invasion of Ukraine has had on business. “We feel like we are back in March 2020, in the middle of the pandemic,” said the president of Assocalzaturifici, Siro Badon, during a roundtable at Micam, ...
Italian footwear industry revenues rise more than expected in 2021
Revenues of Italian footwear manufacturers rose by 18.7 percent in 2021 to €12.7 billion, according to an estimate made by Confindustria Moda’s research center. The estimate is above a prior forecast of a 16.2 percent rise for 2021, but remains 11 percent below the revenues achieved in 2019, the last ...