- In September 2023, Astromueller AG, a prominent shoe company, completed the acquisition of Schuhhaus Klauser GmbH & Co. KG (Salamander), a historic European footwear brand with a 120-year legacy. The acquisition is aimed at revitalizing the Salamander brand and expanding its offerings in the modern comfort footwear segment. This strategic move is expected to enhance brand value and boost the demand for complementary shoe care products
- In February 2023, Shoe Park, a leading footwear retailer, launched a new retail outlet introducing 15 fresh footwear brands designed to cater to consumers of all age groups. This initiative is set to fuel the demand for shoe care essentials, including polish and cleaning products, in the Maldives but across the Asia-Pacific region as well. The expansion is likely to positively influence the regional shoe care market
- In August 2022, Philips introduced the Philips Sneaker Cleaner GCA1000/60, a product specifically developed for the growing global sneaker enthusiast community. With sneaker culture gaining momentum worldwide, this device addresses the need for easy-to-use and affordable sneaker maintenance solutions. The launch is anticipated to drive demand for smart and efficient shoe care technologies globally
