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Full-year figures for 2019 show that footwear group Stella International earned revenues of just over $1.5 billion. The figures are unaudited. Over the 12-month period, Stella shipped 59.4 million pairs of shoes, reports Leatherbiz.
A new report released by U.S. campaign against tariffs, ‘Tariffs Hurt the Heartland’, has estimated that Americans have paid an additional US $46 billion since the U.S. – China trade war began in February 2018 through November 2019, reports ILM
The troubled British footwear manufacturer and retailer is reported to have called in a team of specialist management consultants to review the business, reports ILM.
Leatherbiz reports that footwear group Stella International has reported revenue of $1.2 billion for the first nine months of 2019, almost flat with the figure for the corresponding period last year. Its third-quarter figures were down by 4.7% year on year.
WWD’s Rosemary Feitelberg writes that Bernard Arnault, chairman and chief executive officer of Louis Vuitton Moët Hennessy, has lined up a power group for the 17 October opening of the Louis Vuitton Rochambeau Ranch in Johnson County, Tex. — none other than President Trump, as well as first daughter Ivanka Trump and Texas state officials.
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