“A temporary stop is manageable, but never before have we had a stop to orders this massive: it’s impossible to manage”. Voicing the struggles is Marco Pandolfi, owner of Giuni’s Wallet in Scandicci, which is a manufacturer of leather wallets and keychains. His company is just one of the many being negatively affected by the...
Shareholdings, perhaps stable or perhaps growing, and synergies to be developed in horizontal or perhaps vertical relationships. The ties between Filograna and LVMH are close and it seems, reading the press review, that they could get even closer. Because journalistic sources claim that the French luxury conglomerate, which already shares stakes in some of the...
Two hundred million euros from the LVMH group to buy Leo Shoes. This, according to a series of news reports carried by Mergermarket, a financial information group controlled by the Bc Partners fund, is the investment that Bernard Arnault is ready to put into play to take over the majority of the Salento-based shoe manufacturer,...
It’s a “-“ sign and a small “+” sign for Natuzzi’s quarter, from April to June 2023. In a press release to comment financial data, the upholstery multinational based in Puglia shows how complex the economic context is. Natuzzi’s last quarter Gruppo Natuzzi generated a revenue of 83.5 million euro in the second quarter of […]
The second richest man in the world, LVMH CEO Bernard Arnault, landed in Brindisi last week in his private jet. He paid a visit to the manufacturing operations of Antonio Filograna Sergio‘s Green Seagull Group. Filograna himself told to Nuovo Quotidiano the details of the “welcome visit”. Arnault came to Puglia to see and touch...
Fendi accelerates the bureaucratic process in Tuscany. Louis Vuitton is racing to build the factory in the Marche. Brands do not want to waste any time and need to meet production and logistical requirements. Fendi has reportedly completed the first step in the bureaucratic process to build the industrial complex in Serravalle Pistoiese. The brand...
Velasca is anticipating production. And it’s just the first move to quadruple turnover: from 25 million in 2023 to 100 million in 2028. Exports are now 40% of revenue, with the USA and France as the two leading destinations. The company founded in 2013 by Enrico Casati and Jacobo Sebastio now has 90 employees. Today...
D&G’s haute couture is made 100% in Italy and, for 2023, will be based in Puglia (between Valle d’Itria and the Fasano coast). Dolce&Gabbana choose to bring the Grand Tour among olive trees, and has since 2012, when it presented its first haute couture collection in Taormina, travelled among the most iconic locations of Italy. Travelling...
Target 20 million euros in 2023. Twice as much as in 2017. D.A.T.E. is not afraid of a return to a formal shoe. But it is thinking of an even increasing return to production in Europe and Italy. The opening of the third Italian flagship shop in Rome is a matter of months. While it...
Italian shoe exports in 2022 were up 20.4% on 2021, despite -20.2% in Russia and -53.6% in Ukraine. Even more significant is the +20.6% on 2019. Veneto, on a regional level, and Florence, on the provincial front, confirm themselves as champions. Compared to the pre-pandemic data, however, Lombardy and Milan are flying. Emilia-Romagna is the...
“Less of a trainer. Especially in the evening, both men and women prefer to wear a shoe that stands out”. These are the words of Gianni Attimonelli, CEO of the brand The-Antipode, owned by the Italian Group, a company based in Andria, and part of Massimo Bonini‘s stable. It is growing both in Italy and...
“A return of formal wear? I don’t see such high demand”. That’s the comment of Pasquale Morgese of Mofra Shoes (Barletta), present at Pitti Uomo with the 2star brand. Mofra (35 employees) closed 2022 with a revenue of 50 million euro, up from 2021. The company’s export quota is 10%, while 60% of the revenue...
Could increasing energy prices put a stop to reshoring in Italy? And, at the same time, be an assist for Turkey and Tunisia? Questions answered by Sergio Tamborini, president of Sistema Moda Italia, answers yes: the risk exists. And it’s not low. Because there is a priority for companies in containing costs and to incur...
Golden Goose acquires footwear manufacturer IFT-Italian Fashion Team. With this operation, the Veneto-based brand (owned by Permira) integrates its main supplier of sneakers. The CEO and founder of IFT, Michele Zonno, ex Filanto, will continue leading the enterprise together with Patrizia Filograna. IFT produced over 750,000 pairs of shoes for the brand in 2021. This...
A situation to be monitoring with extreme attention is developing in Santeramo in Colle. Because while Natuzzi’s consolidated results during the 2nd quarter are equal to 116.9 million euro. It means a 7.8% increase on yearly basis and a +26.8% on the same period of 2019. But the problem is tied to the details of […]
Returning production to Italy. Re-organizing the supply chain. The costs of transportation and energy. Pasquale Natuzzi, interviewed by La Repubblica Bari, explained the working ways and costs of reshoring during a war and discussed the need to make its manufacturing more independent. For example, by installing solar panels. Logistics costs Pasquale Natuzzi reminds us that, even...
A new brand, made in Italy. It is called Capasa Milano and is founded by Ennio Capasa, formerly Costume National. His brother Carlo, current president of CNMI (National Chamber for Italian Fashion), and sister Rita are involved in the adventure. The partner for the production and distribution of the shoes has already been defined and...
Pasquale Natuzzi called it a positive momentum. The results obtained during the third quarter and the first 9 months of 2021 are the base for any future strategies, as well as any adjustments to make, says the multinational active in the upholstery segment and headquartered in Colle in Puglia. The results during the first 9 months […]
20 artisans from as many regions of Italy were called to re-interpret Fendi’s Baguettes, the iconic leather good designed by Silvia Venturini Fendi in 1997. The Hand in Hand exhibit aims at giving value to Italian know-how by offering fame to those professions that risk of being forgotten by the public. The exhibit opened to the public on October […]
The luxury segment appears healthy and top brands are going strongly. But the recovery for Italy’s footwear segment is far. Production in Italy during the 1st quarter of 2021 was down 6.4% on yearly basis, and about -30% on the same period of 2019. This means that the number of footwear and components’ manufacturers decreased […]
