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Italy’s main national footwear industry body, Assocalzaturifici, has said its member companies experienced an average fall in sales of 33% in the first three quarters of 2020.
The global sportswear manufacturer announced it has begun to assess strategic alternatives for the Reebok brand as part of the development of its new five-year strategy. Reports ILM.
The global sportswear manufacturing Group is reportedly exploring the sale of its Reebok brand, reports ILM.
Sales for the international sportswear Group increased 18.4% on a reported basis to €5,502 million (+16.7% currency adjusted).
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.