In the future in the Chinese market, the Group will expand its brand portfolio and expand into new areas.

The luxury shoe industry is expected to generate a total of $40 billion in revenue by 2027, a 29% increase from 2022, according to market research firm Euromonitor International.

The offer for this privatization transaction is €48 per share, with new shareholders holding no more than 5% of the shares. The agreement reached is a long-term agreement, including an 8-year lock-up period, and there is no call or put option agreements.

OTB Group has finalized its 2023-2025 strategic plan, confirming its ambitious organic growth targets as well as its interest in potential acquisition targets in the luxury goods industry.

Wolverine Worldwide and Designer Brands have signed an exclusive licensing agreement for Hush Puppies branded footwear in the US and Canada.

COVID-19 pandemic has reshaped people’s perceptions of health, with more focus on introspection, science, and being more eco-friendly by caring more about their surroundings and earth and seeking meaningful, effective health solutions.

During the reporting period, the group also initiated a stock buyback plan, repurchasing approximately 5.7 million common shares for approximately $300 million in the open market.

The first collection of the brand will be available for purchase through the official website PhoebePhilo.com, which will open for registration in July of this year.

This case is one of the first copyright disputes in the NFTs field.

2022 was a good year for the Italian fashion industry, where the sector’s turnover reached its highest level in twenty years.