Hermès plans to hike prices in the US due to tariffs
Hermès plans to increase prices in the US to fully compensate for the 10 percent tariff on most imported introduced by the administration of US President Donald Trump.
C-Suite interview: Rohde expects to continue growing in 2025
After increasing revenues by 4.5 percent in 2024 to €24.2 million, Rohde expects to continue growing this year as it expands its fledgling US and online businesses.
Deichmann’s 2024 revenues up 2.3%
Deichmann said that it “had a very successful 2024,” posting gross revenues of about €8.7 billion, or a net €7.4 billion, compared with €8.5 billion a year earlier. Currency-adjusted growth was 2.3 percent.
AstorMueller sets up a joint venture in India
AstorMueller has set up a joint venture in India called Nuvora as the Swiss footwear group aims to make the fast-growing Asian country one of its main markets.
Prada buys Versace from Capri
Capri Holdings Limited has entered into a definitive agreement to sell Versace to Prada SpA for $1.375 billion (€1.25bn) on a debt and cash free basis.
Semler relocates production to Hungary, cuts 25 jobs in Pirmasens
Carl Semler has decided to relocate most of its production to Hungary in order to secure its competitiveness, said the insolvent German footwear manufacturer. The Pirmasens manufacturing site will be retained, albeit with a reduced workforce.
Gianvito Rossi promotes its COO to CEO
Costanzo Ruocco was appointed Chief Executive Officer of Gianvito Rossi, effective April 1. Ruocco was previously Chief Operating Officer of the Italian producer of luxury shoes and accessories owned by the Swiss luxury goods conglomerate Richemont. He will report to Philippe Fortunato, the Chief Executive Officer of Richemont’s Fashion & ...
Ecco had to shore up its balance sheet in 2024 due to unsatisfactory results
Last year, shareholders had to inject €48 million to reinforce the balance sheet of Ecco Sko A/S, the parent company of the Danish footwear, accessories and leather giant, in the wake of unsatisfactory results. The cash call “supported the solidity ratio” of the parent company “despite the unsatisfactory results of ...
Zalando recruits five key persons, two SVP and one CFO
Zalando is strengthening its management team to drive its expansion into a leading pan-European e-commerce ecosystem for fashion and lifestyle.
French footwear exports down 1% in 2024
In 2024, the exports of footwear from France fell by 1 percent in value to €5.409 billion. In volume, exports were up slightly to 126.8 million pairs from 126.3 in 2023, according to data released by Alliance France Cuir, the trade association representing country’s leather and leather goods industry.
German footwear retailers struggle as sales plummet
Separate surveys painted a mixed picture of the health of the footwear sector in Germany, as the industry faces global shifts amid continued economic and geopolitical uncertainty, bureaucratic and regulatory hurdles and the growing competition from Asian e-commerce platforms.
Italian footwear manufacturers’ revenues drop by 9.4% in 2024
In 2024, revenues of Italian manufacturers totaled €13.2 billion, down by 9.4 percent compared to the year earlier, according to a survey carried out in January by Confindustria Accessori Moda among members of the Italian footwear association Assocalzaturifici. The decline is in line with a previous estimate released in January.
Portuguese footwear exports rise in volume, fall in value
The Portuguese footwear industry exported 67 million pairs of shoes worldwide in 2024, up 3.3 percent from 2023. However, in value, exports fell by 6.5 perdent to €1.702 billion, according to the Portuguese footwear association Apiccaps citing preliminary data from the country’s statistics institute, INE.
