LVMH does well in the first quarter and doubles on the analysts’ forecasts. In the first 3 months of 2021, the Fashion & Leather Goods of the French Group took off: +52% at constant rates, compared to 2020’s 1st quarter. Analysts had forecasted a 27% increment. But (even more importantly), fashion and leather goods recorded […]
A very serious mourning strikes the Italian tannery and the Solofra leather district as they say goodbye to Angelo Sari, owner of Martucci Teresa. Sari died in Rome, where he was hospitalised due to an incurable disease. He would have turned 64 on April 22. Farewell to Angelo Sari A reference tanner for the Solofra […]
First Dieselgate. Then the wrong choices made in the aeronautical segment. And last, the trade wars and COvid-19. Pro Leather Group files for bankruptcy. The German-Belgian group gave in to creditors and is liquidating the company. Yet, some interested parties have already showed up to save it. Pro Leather Group files for bankruptcy Pro leather...
SICIT starts 2021 well, with revenue up by 11.9% compared to the same period of 2020. The Chiampo-based company has grown all its agricultural bio-stimulants lines and bio-combustible materials for the production of energy. The only unit that didn’t increase was that of retardants for the plaster segment. The growth in different region is shared, […]
Gucci‘s (product) strategies to get back on top. From the success of inclusiveness, achieved with a transversal product offer to Covid, which revealed the weaknesses of this strategy. Among which, that of relying too much on non-local customers. Kering president and CEO François-Henri Pinault said Gucci needs to find the right balance to attract old […]
“Sustainability develops on more than one dimension in the fashion segment”, states Giusy Bettoni. The CEO of C.L.A.S.S. (Creativity Lifestyle and Sustainable Synergy) explains that the first dimensions are those that can easily be imagined: design, innovation and style. But the last isn’t less important than the others: communicate the value. Those that invest in […]
Brands appear to have many opportunities to invest, in synergy with their suppliers, on sustainability. “But they just don’t do it”, says Alberti Candiani, president of Candiani Denim to Business of Fashion (BoF). The green turn of the fashion segment brings nowhere. While international groups maintain secrecy regarding their industrial strategies, which is something that...
A coveted clog model like a Birkin. There’s a waiting list for the 990 dollars Hermès clogs. What is special about them? They are in leather (inside and out) and made in Italy: they are a real fashion product. Which demonstrates, among other things, once again, the prevailing trend of consumers to prefer comfortable shoes. […]
Made in Italy conquering the States. In 2019, Cassie Fossum launched her own footwear brand: Mavette. The company is based in Philadelphia, but the shoes it offers are handmade in Italy. Their strength lies in comfort, designed by the stylist together with some experts. An aspect that, with the pandemic, has acquired even greater importance, […]
They cost 349 dollars, but buying a pair is impossible: sneakers are sold out. Pingree Detroit, after a drop in orders, has experienced a real boom, so much so that they are now sold out. Also thanks to Ford‘s leather donation. Now the company has hired new employees to try and fulfil all orders. For […]
Very little material on the domestic market, especially that from bovines, and prices that are too high. That’s why Argentina’s tanneries asked the government to put a stop to the export of raw material for the tanning industry. Union FATICA recognizes that the synergy existing between the meat industry and tanners went awry during 2020. […]
Two different visions for African leather. The first is that of Zimbabwe, which has been looking forward to seal, on paper, a decade-long strategy to develop the segment. The second is that of Kenya, but the local operators fear that the activities implemented to grow the market will not take off. Zimbabwe looks forward On […]
Toni Belloni, the luck of being Italian and his “knowledge economy” at LVMH. This is the definition used by the French giant’s general manager to describe the advantage of managing 75 brands. From Twin Towers to Covid, Belloni can summarise to Il Sole 24 Ore twenty years of experience at the top of the range. […]
Asia saves French leather. Spain’s segment pleads to the government. The tanning industry of France showed a decrease in export value of 9% during 2020, while imports decreased by 15%. The one positive aspect in what turned out to be an okay performance, considering Covid-19, is the increase in sales towards China. In Spain, meanwhile, […]
It is not so obvious that affordable luxury is ready to grow. Indeed, in leather goods it will be very difficult. Why? There are four factors. When buying a bag, the consumer prefers a high-end brand, first of all. Affordable luxury brands don’t enjoy the same level of desirability around the world. In this regard,...
Jonathan Clark, CEO di PrimeAsia, is very clear. The companies of the meat industry are playing with fire. The price increase of raw materials, already denounced by UNIC – Italian Tanneries, risks of turning into an irreparable damage. That’s because, explains Mr. Clark, the increased costs for leather risk of turning some to alternative materials. […]
Lower number of resources used. Longer life of use for all resources. Usage of regenerated materials. Resources being reused. The performance index for five European countries, with regards to chow circular their economy is, shows that Italy is ranking first, for the third year in a row. France and Germany rank 2nd and 3rd, respectively, […]
Investors are on the hunt for second-hand companies. Listed platforms see their value and liquidity grow. Consumers choose second-hand because it means contributing to sustainability, but it also means saving. According to analysts, the resale market is also good for brands: thus they acquire new customers, for which the prices of new products are inaccessible. […]
Obuv confirms that heels are no longer a trend in Russia. Bags, on the other hand, have a reassuring market. In Moscow, the last day of shoe and leather goods show (26th March). The event reserved positive surprises for Italian exhibitors. Leaving with zero hope, they found themselves dealing with a world different from what […]
A new footwear brand launched during the pandemic was born thanks to the union of two Marche-based companies. JAC’s case (Just Another Copy) is a unique case emerging from the agreement between the Torresi family (owner of footwear factory Galizio Torresi) and Cesare Pizzuti, which after having closed Zeis Excelsa, continued with its footwear manufacturing […]