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Fashion United’s Don-Alvin Adegeest writes that American conglomerate Capri Holdings Ltd., parent of Michael Kors, Versace and Jimmy Choo, is expanding its portfolio investment in the manufacturing sector. The company has reportedly acquired Alberto Gozzi Srl, a Tuscan shoe manufacturer, for an undisclosed sum.
Fashion United’s Don-Alvin Adegeest writes that there is a collaboration that will equally excite sneakerheads and fashionistas. Italian luxury label Prada is joining forces with sportswear giant Adidas on a new collaboration. No longer a rumour, it was officially announced by Prada via its Instagram account on Thursday, which depicted an unassuming Prada shopping bag containing two Adidas shoe boxes.
Leatherbiz reports that multi-stakeholder certification body the Leather Working Group (LWG) has signed a memorandum of understanding with main Italian tanning industry association, UNIC. The LWG said this “new, more collaborative relationship” with UNIC was the result of nine months of meetings and discussions.
The World Trade Organisation has told the US it can impose new tariffs or withdraw tariff concessions on $7.5 billion worth of products it imports from the European Union, reports Leatherbiz.
Project LIFE GreenShoes4All, co-funded by the European Commission, will implement and promote a method to measure the environmental performance of each shoe and a green label. The project also seeks to propose and disseminate innovative green shoes ecodesign and recycling strategies, reports World Footwear.
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