荐Coupang rescues troubled Farfetch
Embattled London-based online luxury platform Farfetch has been rescued by South Korea’s Coupang for US$500 million.
荐More on acquisitions in the European footwear sector
The past two months have seen a number of transactions. The Italian shoemakers Dema and Asso have new owners. The Austrian retailer Leder & Schuh has acquired the brand rights of Delka
荐Nike cautions against soft demand for the second half of fiscal 2024
The US-based sportswear giant posted a solid performance in the second quarter of fiscal 2024, with profits up by 21% year-over-year, but warned of soft demand for the rest of the year
荐Wolverine Worldwide sells Asian assets for 70 million USD
As part of its ongoing transformation strategy, the US-based footwear company announced the sale of some assets in Asia, which will generate a total of 70 million US dollars in proceeds
荐Portuguese footwear arrives in Versailles
The emblematic Chteau de Versailles has chosen the footwear of the Portuguese brand Uniform Shoes to equip its reception and management teams
荐The Handbag Clinic receives capital injection for growth
UK-based luxury leather goods restoration and resale company The Handbag Clinic has received a capital injection to drive growth.
Romika, Westland and Gerry Weber brands to be marketed under the Josef Seibel umbrella
The German shoe manufacturer Josef Seibel has announced that it will consolidate and market the Romika, Westland and Gerry Weber brands under the companys name from the fall/winter 2024 season
荐Austria and Germany continue to see a wave of insolvencies and closures
Richter Schuhe, Europe’s oldest children’s shoemaker, and fashion retail chain Aachener have filed for bankruptcy. Deichmann to close its My Shoes stores in Austria and Germany by the end of 2024
荐Lower demand impacts Designer Brands’ third quarter results
The footwear company reported lower third-quarter sales and profits due to a contraction in the footwear market caused by unseasonably warm weather. As a result, it cut its full year guidance
荐Coats reports improving sales trend
The industrial thread manufacturer’s organic revenue fell by 12% year-over-year from July to October, which suggests an improving trend as compared to the 19% decline recorded in the first half
荐Dr Martens cuts full year guidance
The British footwear brand has lowered its 2024 guidance following a mixed trading performance in the first half, marked by an increasingly difficult consumer environment in the US
荐Lower sales and profits at Foot Locker
The US-based retailer has reported another fall in sales and profits in the third quarter of the year, deciding to further cut its guidance for 2023 against a backdrop of ongoing consumer uncertainty
荐Mongolian wool slippers a good fit for Vivobarefoot
Shoe brand Vivobarefoot is working with Mongolian non-governmental organisation Asral on a range of wool slippers, supporting children and their families living in one of the poorest parts of the world, with all profits going back into the social ente…
荐New CEO at Stella McCartney
British high-end footwear and ready-to-wear brand Stella McCartney has named London-based Amandine Ohayon chief executive, effective December 1.Ms Ohayon is an alumna of ESSEC Business Schools luxury management MBA programme and most recently helmed w…
荐Mariano Shoes invests in the women’s segment
The Portuguese luxury shoe brand has acquired a production unit that has been in business for over 40 years to increase its production capacity and expand its women’s range