Geox news and archive

Geox reports 6.2 percent revenue decline in first nine months

Geox spa, a company listed on the Euronext Milan market managed by Borsa Italiana, has closed the first nine months with consolidated revenues of 492.8 million euros. This represents a decrease of 6.2 percent compared to the previous year (-6.3 percent at constant exchange rates). Excluding the impact of branch closures in China and the US, the...

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Geox restructuring: Job cuts expected, talks with unions underway

Another meeting between trade unions and Geox is expected next week, coinciding with Milan Fashion Week. A workforce reduction of around 15 percent of the 750 global employees is on the table. This includes 500 employees at the Montebelluna headquarters, as reported in recent days by the Veneto edition of Corriere della Sera. The first meeting...

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Prada, Jil Sander, Jack Wolfskin… An overview of new management in the fashion industry

Even during the seemingly quiet summer period, the fashion industry continues its reshuffle. From Lancel and Nike to Geox and Marni, FashionUnited has compiled the most important personnel decisions of recent months. Jil Sander: Ubaldo Minelli appointed CEO Ubaldo Minelli, chief executive officer of the Italian fashion group OTB Group, is now...

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Geox Spa H1 revenue down 4.7 percent

Geox Spa, listed on the Euronext Milan market managed by Borsa Italiana, has approved its consolidated results as of 30 June 2025. The first half of the 2025 financial year recorded a drop in turnover of approximately 15 million euros (-4.7 percent) compared to the first half of the previous financial year. Excluding the impact of the closure of...

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Geox names Francesco Di Giovanni CEO, replacing Enrico Mistron

Geox spa has a new chief executive officer. Francesco Di Giovanni is taking the place of Enrico Mistron. In a statement, the Montebelluna-based company announced that Geox and Mistron have reached a mutual agreement to terminate their administrative and subordinate employment relationship, effective immediately. The agreement provides for the...

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Geox: revenues down 2.4 percent in first quarter

Geox spa approved the results for March 31, 2025, today. Consolidated revenues for the first three months of 2025 amounted to 189.0 million euros, a decrease of 2.4 percent compared to the previous year (-2.6 percent at constant exchange rates). The decline was mainly due to the performance of the wholesale and retail channels, only partially...

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Geox reports 9.7 percent decline in nine month sales

Italian footwear player Geox reported consolidated sales for the first nine months of 525.5 million euros, down by 9.7 percent or 9 percent at constant exchange rates due to the negative performance of the wholesale channel and franchising, partially offset by the positive trend of the direct digital channel. Commenting on the outlook, the...

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Geox closes subsidiaries in China and the US

The Italian shoe manufacturer Geox SpA is streamlining its business activities. On Thursday, the group announced the closure of its subsidiaries in China and the US at the end of the year. Both companies had only made insignificant contributions to sales and were in the red, Geox said, adding that the measures were aimed at increasing efficiency...

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Is Geox closing its US business?

Geox is said to be laying off employees in the US and rethinking the future of the market. The Italian shoe retailer is closing its office in New York, Geox CEO Enrico Mistron confirmed to trade magazine Footwear News. It is currently unclear how many employees will be affected by the job cuts. In addition, the company's management is reviewing...

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Geox: Declining wholesale business depresses sales

Adverse conditions continued to pose challenges for Geox in the first half of the financial year. The Italian shoe retailer suffered a 9.4 percent drop in sales to 320.4 million euros, Geox announced on Thursday. Compared to the same period last year, sales amounted to 353.6 million euros. The operating result also fell significantly in the...

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Sharp decline in wholesale impacts Geox results

Geox reported first quarter sales of 193.6 million euros, down 13.5 percent or 11.7 percent at constant exchange rates due to the performance of the wholesale channel and franchising, partially offset by the positive trend of the digital DOS channel. Considering the uncertain geopolitical and macroeconomic short-term scenario, the company...

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Geox appoints new CEO as yearly sales take hit amid ‘extremely challenging’ period

Footwear specialist Geox has announced the appointment of a new chief executive officer alongside the publication of its financial results for 2023, when it saw sales take a slight hit after navigating an “extremely challenging” period. Enrico Mistron is to take on the helm position, succeeding Livio Libralesso, who was said to have agreed to a...