Steve Madden acquired Kurt Geiger, which sources 80% of its assortment from China, prompting Madden to move production out of China to mitigate tariff risks.
2 reports, 2 independent
Updated Jul 17
Gone quiet
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New informationRepeats or wire copies
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What happened
Steve Madden acquired Kurt Geiger, which sources 80% of its assortment from China, prompting Madden to move production out of China to mitigate tariff risks.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Steve Madden
American fashion designer
Nothing else this week.
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Kurt Geiger
British footwear and accessories retailer
Nothing else this week.
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
Related events
- Trump's tariff policies are affecting domestic manufacturers like Deere & Company due to the economic battle with China.
- Trump threatened to impose high tariffs on goods imported from China.
- Trump threatens tariffs on China to reshore drug production, citing IP theft fears and seeking to protect commercial shipping interests.
- Major apparel companies (Lululemon, Nike, Under Armour) are navigating global macroeconomic challenges, contrasting US consumer caution with China's strong Q1 growth.
- Trump imposed tariffs on Canada, leading to retaliation, while China shifted buyers and the Iran war caused supply disruptions.
Coverage
Newest first; wire copies grouped- yahoo.com
- Footwear NewsMadden Sees Wholesale Shoe Revenue Decline in Q2 on Tariff Impact Steven Madden Ltd.’s second quarter results saw a dip in gross profit, higher operating expenses and a decline in wholesale revenue,