Michelin will go in for shoes
05.12.2014 4468

Michelin will go in for shoes

Michelin will move from famous tires to shoes. At present, it is teaming up with the Chinese industrial group Jihua to produce 50 million rubber soles for sports shoes of various types: from running shoes and cycling shoes to motorcycle shoes and trekking boots.

The cooperation agreement also includes JV International, an Italian company with offices in Verona and Tavernerio, controlled by the Jihua group. With the help of the resources of this company, Michelin and Jihua will jointly enter the global sports footwear market, with a total volume of about 200 million euros. The groups set themselves the goal of winning 10% in five years.

The Michelin logo will stand on jointly produced soles, and it is the French company that will be promoting the new product. The Jihua Group will provide its production facilities, while JV will be responsible for marketing and design, which will develop soles in direct contact with customers.

It is known that the general idea of ​​the design of a new product will resonate with the famous Michelin tires, in addition, the French company will provide a number of its innovative technologies and materials.

Michelin will move from famous tires to shoes. Currently, it is teaming up with Jihua China Industrial Group to produce 50 million rubber soles for sports shoes ...
5
1
Rating

Latest News

Brunello Cucinelli increased revenue in the first quarter by 16,5%

With LVMH recently reporting a 2024% drop in revenue for the first quarter of 2 due to overall stagnation in the luxury market, Italian fashion house Brunello Cucinelli has bucked the trend. IN…
18.04.2024 139

Lamoda launches its own clothing and footwear brand

Russian online retailer Lamoda presented the first collection of its own women's clothing brand NUME. Exclusively on the Lamoda online platform under the NUME brand, about 90 items for women’s wardrobe are offered -…
18.04.2024 180

Shoe and clothing brands have released special collections for the 20th anniversary of the ST-JAMES boutique

The multi-brand boutique ST-JAMES, managed by a major player in the Russian fashion market, the Jamilco company, celebrates its 20th anniversary this year. A number of shoe and clothing brands represented in the boutique have prepared special…
18.04.2024 183

Balenciaga has released a new release of oversized 10XL sneakers

Fashion house Balenciaga debuted the 10XL sneaker during its fall 2024 runway show in Los Angeles back in December. At the time of the show, the first two color schemes of the new model were available for pre-order, which deliberately surprised...
17.04.2024 280

Bape and Adidas unveil a new silhouette of skate sneakers

Bape and Adidas have been collaborating for over 20 years and are debuting an all-new collaborative sneaker silhouette for the first time. Adidas N Bape is created in the spirit of skate culture of the early 00s and has some similarities with the Adidas Campus XNUMXs model,…
17.04.2024 1441
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning