Differentiating brands and production to be able to reach as many clients as possible within one segment. MNG, company headquartered inside Nola’s CIS (Naples), divided its business in three. The brand Pierfrancesco Vincenti will focus on Italian retail with shoes made near Naples with Italian leather. The brand MNG Collection on the other hand makes...
“We lost the medium segment”, said Michele Centioni, CEO of soles’ manufacturing enterprise Corplast of Corridonia (Macerata), who is sure that Italy could have had a prominent place in the market segments now “in the hands” of competition, especially from Asia. He also explains what mistakes were made. While Angiolo Mannini, soles’ manufacturer Mannini Romano...
The local press does the maths: over the past two decades, 4,000 crore, or 4 billion (according to our numeration) taka has been spent in Bangladesh to improve the condition of the Buriganga River. Of this (equivalent to just under EUR 350,000 at today’s exchange rate) 1,000 crore in 2017 alone was spent on relocating...
Paris Fashion Week (running from 26 February to 5 March) is underway. The first to show their autumn-winter 2024 collections were Dior, with a collection inspired by Gabriella Crespi, celebrating the plural feminine and independence. And YSL, which presented a study on purity and nudity, inspired by the founder of the French fashion house. While […]
33 billion euros. This is the value of the Italian Leather Production Chain that from Sunday, 18 February, and until Thursday, 22 Fabruary, entered (and will enter) Fiera Milano Rho to exhibit its new footwear, leather goods, tanning and fur collections. A budget figure “in line with that recorded in 2022 and in progress compared...
MSCHF ‘s latest provocative idea is the Global Supply Chain Telephone Bag. It is an iconic bag that fuses four: Hermès Birkin, Celine Luggage, Dior Saddle and Balenciaga Hourglass Balenciaga. But it is also a combination of Peru, Portugal, India and China. The aim of the creative collective is to unmask consumer myths about concepts […]
For Bangladeshi leather, the moment, as they say, is fateful. Because in a negative market phase, the industry finds itself without even export incentives anymore. On 30 January, the Central Bank announced the package of measures needed to comply with the WTO, which classifies tax exempion above a certain level as a form of public...
Maritime transport has gone back 154 years, to a time when the Suez Canal didn’t exist. The crisis in the Red Sea appears to be having limited impacts on the fashion industry, but if it were to last until the second half of 2024, it could push the segment to Covid time. While smaller companies...
The world tour of Italian technology in 2024 started in Pakistan and will end in Milan. Technology for tanneries, shoe factories and leather goods, represented by Assomac and brought to the fair by Simac Tanning Tech, defines a rich global roadmap. Objective: “Strengthen the competitiveness of member companies”. The global roadmap of Simac Tanning Tech […]
More than even, price remains central at Expo Riva Schuh. The 100th edition of the fair (Riva del Garda, 13-16 January) is being impacted by news from the Middle East. The market continues to take the shape of an hourglass. Clients either buy luxury products or they focus on price and aim towards the lower...
Concern about the shipping situation in the Red Sea is at an all-time high. Shipping times are getting longer, costs are rising and the global supply chain risks seeing the spectre of the blockade experienced during the pandemic again. Although some operators are not so pessimistic. It is not only companies that have to receive...
Destined to shut down, even if for a short period, or for good, depending on the decisions by authorities. Asian news sources report tensions between China and India, where tanneries under the microscope of local governments: for environmental reasons and more. At risk of shutting down Authorities have started their annual inspections of companies in...
Forecasts of slowdowns in the medium term don’t bother Renzo Rosso: “The luxury segment knows no crisis”, said the founder and president of Gruppo OTB (in photo) to the attendees of Osservatorio Altagamma. Or rather, the brands he owns (Diesel, Marni and Maison Margiela, among others) expect double-digit growth in 2024. The signs are comforting...
India‘s growth and Turkey‘s quality imprevement. These are the only two pieces of positive news for the leather goods market, which is experiencing a slowdown in Europe and Asia. At La Conceria, Cristiano Paccagnella (in the photo), general manager of Omac and vice-president of Assomac, illustrates the situation of the supply chain through his specialisation:...
“The market is hesitant”, says Mauro Bergozza, CEO of Bergi, Arzignano-based company specialized in manufacturing machinery for the tanning industry. According to Bergozza (in photo on the left with his brother Alberto), operators want to invest, but the context pushes them to caution. The higher interest rates aren’t favoring expenses and investments. Bergi’s CEO says tanners...
2023 risks of becoming a negative year for the global footwear industry. During the first semester, in fact, the main manufacturers around the world have recorded a significant decrease in export. Pou Chen’s layoffs are a negative sign for 2023, which is expected to be worse than 2022. In fact, the previous year’s growth for […]
In 2022, the price of leather shoes increased less than that of shoes made of other materials. In contrast to the +0.8% for leather, there is +14.4% for rubber and plastic, and +3.2% for textile. The gap increases even more if we look at the trend over the last decade: +10.5% for leather shoes; +62.8%...
The world’s footwear production volume regained some ground in 2022: 23.9 billion pairs, up 7.6% on 2021 and effectively levelled with pre-pandemic amounts. China stopped its decreasing trend, while Vietnam is the country that grew the most. Brazil and Mexico were the only two non-Asian countries making the top-10. Italy, the largest European manufacturer, ranks...
The numbers tell us why the US market is so important for the footwear segment. And, why Africa’s growth must be watched carefully. In the USA consumption of shoes grew 12.7% in 2022, which allowed the country to reconquer its place as 2nd largest shoes’ consumer, behind China and ahead of India. These were the...
There is a lack of orders. And Pou Chen fires 1,221 workers at its factory in Ho Chi Minh City, Vietnam. It is the third wave in 2023 of collective redundancies at the world’s largest manufacturer of sports footwear. Since the beginning of the year, Pou Chen has reduced the number of employees by about […]
