Ferragamo dissolves joint ventures with Chinese tycoon Peter Wu
Ferragamo dissolves joint ventures with Peter Wu in China. The parent company, along with subsidiary Ferragamo Hong Kong, has effectively announced the acquisition of minority shares of Ferragamo Moda Shanghai (25%), Ferragamo Retail Macau (25%) and Ferrimag (25%) from Imaginex and Imaginex Overseas for $42 million (24,8% ), created to distribute Ferragamo products in Greater China, writes fashionmagazine.it.
Imaginex and Imaginex Overseas are companies owned by the company's board of directors and shareholder Peter K.S. Wu, a Chinese tycoon ranked by Forbes as one of the 200 richest people on the planet and the fifth richest person in the world.
“An extraordinary journey of alliance and development over the last 35 years is coming to an end, which has allowed the group to become one of the first Italian luxury brands to establish itself in this very important market. Today, with the consolidation of shareholdings, having achieved size and efficient organization, we will be able to continue to strengthen our presence in these markets with increased intensity, continuing to count on the alliance of Peter Wu, who remains a shareholder and advisor to our company,” explains President Leonardo Ferragamo.
“The completion of the transaction will allow us to strengthen Ferragamo's presence in the Greater China region, one of the most important markets for the group, at a very important moment for the relaunch of the brand,” added CEO Marco Gobbetti.
Ferragamo dissolves joint ventures with Peter Wu in China. The parent company, together with its subsidiary Ferragamo Hong Kong, has effectively announced the acquisition of minority shares in Ferragamo...
Clarks celebrates annual Wallabee Day
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China's Anta Sport has cemented its place among the world's top three sporting goods market leaders.
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Ozon opens a second logistics hub in Krasnoyarsk Krai.
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The new Birkenstock x Song For The Mute collaboration has been released.
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Chinese brands and factories at Euro Shoes
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Store Manager: Strategic Asset or Redundant Position?
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Spring/Summer 2026: Five Trends for Athletic Shoes
In a highly competitive environment, especially in the dynamic digital environment, fashion trends are changing rapidly. We're highlighting five trends from international trend bureau Future Snoops that address local market demands.
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The Battle for the Sports Shoe Market
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How Pareto's Law Works in a Shoe Retail Store
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Clarks: 200 years of quality, style and innovation
In 2025, the legendary British brand Clarks celebrates its 200th anniversary – an impressive milestone that demonstrates its enduring relevance, impeccable quality and global appeal.recognition of the brand. Since its foundation in 1825, the company has not only created shoes, but also set the standards for comfort and style, remaining a symbol of British craftsmanship and innovation.
The cyclicality of fashion and its impact on the financial results of the fashion business
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PETER KAISER - the best brand of 2025!
"CAPRICE Schuhproduktion GmbH has received a certificate for awarding PETER KAISER the title of "Top Brand 2025".
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How to set prices that will earn
Some businessmen still confuse the concept of margin with the concept of trade margins and set prices for their goods, guided solely by the example of competitors. No wonder they go broke! Analyst at the Academy of Retail Technologies Maxim Gorshkov gives several tips and formulas with which you can set not only ruinous, but also profitable prices.
Sales of shoes and accessories: effective techniques for business rhetoric
Which speech modules are effective in communicating with potential and current customers of shoe stores, and which are not, Anna Bocharova, a business consultant, knows.
We form the salary of sellers: expert advice
“How do you charge your consultants for personal or general sales?” Is one of the most popular questions causing a lot of controversy and gossip on the online forums of retail business owners. Indeed, how to properly form the earnings of sellers? But what about bonuses, where to get a sales plan from, do employees allow them to buy goods at discounted stores? In search of truth, the Shoes Report turned to a dozen shoe retailers, but no company wanted to disclose its motivation system - the process of its development was too complicated and individual. Then we asked four business consultants, and finally became convinced that the topic of seller motivation is very complex, because even our experts could not come to a common opinion.
The whole truth about Bayer. Who is he and how to become one?
Bayer is no longer a new, but still a popular and sought-after profession. It’s fashionable to be a buyer. Buyers are at the origins of the emergence and development of trends. If the designer offers his vision of fashion in the season, then the buyer selects the most interesting commercial ideas. It is on buyers that the policy of sales of stores and what, in the end, the buyer will wear depends on. This profession is surrounded by a magical fleur, often associated with a lack of understanding of what exactly is the work of a buyer.
Technology Selling Issues
There is nothing worse than meeting the buyer with the words “Hello, can I help you with something?”, Because the seller works in the store just to help. Criticizing this well-established pattern of communication with the buyer, Andrei Chirkarev, business coach for effective sales and the founder of the New Economy project, shares the technology of truly selling issues with readers of Shoes Report.
Fur, and not only: types of lining
In the production of winter footwear, various materials are used that are designed to retain heat and meet the requirements of consumers: natural sheepleather, artificial fur, artificial fur from natural wool and others. All types of lining fur have their own advantages and disadvantages. Let's consider the properties of each of them.
The best models of Czech shoes of the past
In Soviet times, for shoes from Czechoslovakia sold under the Cebo brand, customers stood in line for four hours and did not regret it, because Czech shoes were considered to be of high quality, comfortable and fashionable. Shoe designer Juraj Shushka shared a photo archive of his collection with Shoes Report magazine, which contains the most interesting Cebo models from the 1940's to the 1980's.
Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
