All Shoe Intelligence articles in Volume 20, Issue 3-4 – Page 3
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Bally will be owned by Chinese interests in the end....
Bally will be owned by Chinese interests in the end. After several months of negotiations, JAB Luxury has agreed to sell a controlling stake in the Swiss company to Shandong Ruyl, a big Chinese textile company that also owns Aquascutum, the French SMCP group and Invista, the producer of Lycra ...
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Short stops
Balenciaga is reportedly planning to launch a lighter version of...
Balenciaga is reportedly planning to launch a lighter version of its Triple S shoe made in the Far East, shifting the production away from Italy
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The shoe industry in the Balearic Islands, and particularly in...
The shoe industry in the Balearic Islands, and particularly in Menorca, where it is traditionally strong, is expected to benefit from an overall plan for the Balearic Islands to boost the manufacturing sector. The plan, which was announced by the President of the regional government, Francina Armengol, on Jan. 22, ...
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Recovery in Asian demand boosts LVMH's results
The world's largest luxury goods group recorded sales that topped analysts' expectations in 2017, as it benefited from a steady recovery in Asian demand, supported by growth in Europe and the U.S. Full-year revenues jumped by 13 percent from the previous year to €42,636 million, including organic growth of 12 ...
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Gabor may be turning around
Gabor Shoes felt the sting of falling sales in 2017, although the company rebounded lightly in the second half of the year. Including licenses, the group sold a total of 9.1 million pairs of shoes and generated total revenues of €383 million - a drop of 3.3 percent from the ...
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Geox unexpectedly appoints new CEO
Geox's chief executive, Gregorio Borgo, unexpectedly resigned on Jan. 18 after just one year at the helm to “pursue a new professional journey.” He stopped as CEO immediately on Jan. 18 and left the company on Jan. 31. Borgo started as CEO on Jan. 12, 2017. Like his two predecessors ...
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Roger Vivier has appointed Violante Avogadro di Vigliano as its...
Roger Vivier has appointed Violante Avogadro di Vigliano as its global marketing and communications director, a newly created role. She will report directly to Camilla Schiavone, the company's chief executive. Di Vigliano has 15 years of experience in the luxury market. She has previously served as director of public relations and ...
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Wolverine has appointed a new distributor for Hush Puppies in...
Wolverine has appointed a new distributor for Hush Puppies in the U.K. and Ireland, Gardiner Bros. & Co., building up on a previous non-exclusive deal
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Article
Geox’ annual sales drop slightly
Geox' top line fell by 1.8 percent to €884.5 million in 2017, missing market expectations by nearly €10 million. At constant currency rates, sales slipped by 1.7 percent, largely due to store closures, especially in Europe.Footwear revenues totaled €796.7 million for the year, down by 2.3 percent at actual currency ...
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Dr. Martens has announced the appointment of Mathieu Garcia as...
Dr. Martens has announced the appointment of Mathieu Garcia as its new global marketing director filling a long void. He will report to Darren Campbell, Dr. Martens' global senior vice-president of product and marketing. Garcia joins from Ralph Lauren Europe, where he has spent 12 years, holding most recently the ...
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Caleres has announced that Rick Ausick, president of Famous Footwear,...
Caleres has announced that Rick Ausick, president of Famous Footwear, will retire this year. Ausick will remain actively involved in day-to-day operations during both the search for a replacement and the transition period. The company said it is considering both internal and external candidates for his succession. In its search, ...
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Slowwalk, the specialist in vegan footwear, has announced the development...
Slowwalk, the specialist in vegan footwear, has announced the development of a line of Teemo Rinnova sneakers made with the husk of corn. The shoes of this capsule collection are said to be made with a new material that is 100 percent vegetal and organic, obtained from the non-edible part of ...
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Tapestry, the American group previously called Coach, has signed an...
Tapestry, the American group previously called Coach, has signed an agreement to take over Stuart Weitzman's business in Northern China from a local distributor. The brand's net revenues grew by 2 percent to $118 million in the second quarter ended Dec. 30, but its operating income jumped to $21.3 million ...
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The Footwear Distributors and Retailers of America (FDRA) has selected ten...
The Footwear Distributors and Retailers of America (FDRA) has selected ten factories for their commitment to improving factory conditions and standards, which will be included in the list of “FDRA Recognized Responsible Footwear Manufacturers” for 2017. The ten factories include three former honorees - Remington Products Company (U.S.), Wenzhou Taiyangshen Shoe ...
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Article
Obuv Rossii has big ambitions
The Russian footwear retail chain, which recently went public on the Moscow stock exchange, outlined new targets for its long-term development, against the background of continued good sales performance in 2017.Obuv Rossii is aiming to open 3,500 new stores in Russia, expanding its retail chain nearly eightfold as compared to ...
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The Inblu Group, which has taken over Rohde after its...
The Inblu Group, which has taken over Rohde after its bankruptcy proceedings, is launching a new line of sneakers in collaboration with Martin Krist, who has set up its own studio, Yu Enterprise, in Langenfeld. Krist worked as Esprit's product development manager for footwear and accessories for many years prior ...
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The global luxury goods market is accelerating
According to a recent report by Ernst & Young on “The luxury and cosmetics financial factbook 2017,” the global luxury market is expected to reach sales of more than €490 billion by 2020. The increase will be driven by emerging markets and the development of online channels, analysts say. The ...
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News briefs
The 93rd edition of Pitti Uomo, which was held in...
The 93rd edition of Pitti Uomo, which was held in Florence on Jan. 9-12, was attended by more than 36,000 visitors, including nearly 25,000 buyers, a figure which represents a 2.5 percent increase as compared to January 2017. The menswear show hosted 1,230 exhibiting brands, which showcased their autumn-winter 2018/19 ...
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Skechers passes the $4 billion mark
Skechers USA again posted record revenues for the full financial year ended last Dec. 31, surpassing the threshold of $4 billion, due in part to strong double-digit growth in its business outside the U.S.The management attributed the performance to its continued focus on efficiencies and infrastructure, as well as innovation. ...
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China’s luxury goods market jumps by 20%
According to a recent report by Bain & Co., the Chinese luxury goods market increased by 20 percent to 142 billion Chinese Yuan Renminbi (€18.2bn-$22.2bn) in 2017, after slowing down in recent years, and is expected to grow further in 2018. The 2017 growth rate was the highest since 2011. ...
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