Currently exporting 95% of output to countries including France, Germany, the Netherlands, Spain and the United Kingdom, the Portuguese footwear sector is adapting to meet the latest trends and betting on innovation.
Luxury titan Bernard Arnault on Friday confirmed that LVMH is already actively using blockchain for several of its luxury brands, as the French billionaire and high-tech fan presented the latest Innovation Award.
Barely two years after its launch, the LVMH-owned e-commerce site has already changed its name. The group announced on Wednesday that the brand is now called 24S, in an effort to boost its international development.
The ranking of the 75 most valuable global retail brands, led by Amazon, has seen Nike rise to the top of the apparel sector whilst Zara and H&M were impacted by rising concerns over their environmental impact.
Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton.
Chinese e-commerce leader Alibaba's quarterly revenue beat analyst estimates on Wednesday, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line.