“Coronavirus is affecting the economic situation, for the time being, but we will soon solve this problem. In fact, it does not look like the crisis that broke out in 2008: that was a heavily structural issue, which seriously engaged our efforts for several years”. Such is the comment made by Brunello Cucinelli who is […]
Tod’s have shut down for 5 days, while Fendi are about to open again their footwear manufacturing plant based in Porto San Giorgio (in the province of Fermo). Gucci are closing their stores and factories for a week, whereas Louis Vuitton keep them open. Such is the effect of Coronavirus outbreak on the production strategies […]
We interviewed (as mentioned in the first lines of the text) Fabrizio Masoni, owner of Masoni Industria Conciaria, on February 19, 2020. The day we meet Fabrizio Masoni and his wife Federica is the first of the last edition of Lineapelle. We are in Fieramilano Rho, it is February 19 of a year, 2020, which […]
Italian leather does not stop. UNIC – Italian Tanneries raised the battle cry. Assopellettieri have joined the group now: in other words, Italy’s beauty and good design industry is not going to give up to Coronavirus outbreak. “We are actually dealing with an epoch-making emergency – commented Franco Gabbrielli, president of the association –. It […]
In Wuhan, which was the centre of Coronavirus outbreak, activities are about to start again. Along with the city, Chinese economy enjoys a recovery as well: the aim is to reach again full productivity by the end of April. They first launched the alert 51 days ago, on January 23rd, when they locked down the […]
The Coronavirus emergency is gradually subsiding: in the meantime, Chinese tanneries are about to open again. Yet the situation is not that good of course, and it could not be otherwise. On the one hand, factories still cannot run at full speed, in terms of manufacturing; on the other hand, several companies are going to […]
In the United States, exports of red meat, which date to January 2020, turned out to be positive. According to data, made public by USDA and provided by the US Meat Export Federation (USMEF), sales increased by 2.5% on annual basis. In terms of value, exported meat reached 672.7 million dollars, therefore rising by 5% […]
A concrete declaration of “energy, courage and cognizance”. A hashtag to be spread and shared as a declaration of resistance and awareness around the world: #italianleatherneverstops. Signed by Gianni Russo, president of UNIC – Italian Tanneries. The faces of all the representatives of the association’s Presidency and General Council (in the photo). Italian leather doesn’t […]
Fashion is playing against Covid-19. In the face of Coronavirus emergency, brands open their hearts and wallets. The global fashion system is intervening with donations to benefit research and hospitals. In recent days many entrepreneurs from different industrial sectors have allocated funds to support research and the activity of the health system. Among them are […]
The self-styled “Chinese LVMH”, just born, is already over. Shandong Ruyi has not yet closed on Bally: according to Reuters, the textile group has not managed to get the 600 million dollars necessary to finance the operation. Given the group’s financial difficulties, exacerbated by Coronavirus emergency, there are doubts that it will be able to […]
The tear that passed was slightly negative for Germany’s footwear industry. The segment in the country lost 2.7% in 2019. Now there are additional challenges: but while the period appears to be difficult, the segment trust there will be a recovery in the future. That’s the summary of what said by Carl-August Seibel, president of […]
ISA TanTec doubles down on Vietnam. The Asian tanner began activities in its new TanAsia Tec production site. The machines started officially running after the texts conducted at the beginning of March. The group, beside from announcing the start of the activities, also communicated that 100 employees are already working on site. Doubling down on […]
Coronavirus outbreak has been also affecting the agenda of exhibitions and fairs. Obuv, Gallery Shoes and Futurmoda: regular scheduling and postponements follow one another on a daily basis. The latest postponed fair event is Obuv: formerly on the agenda, in Moscow, on March 17-20, they rescheduled the exhibition in May. Reasons for postponement “Fear and […]
Coronavirus is deeply hindering job recruitment in France. Maroquinerie Thomas, a French leather goods group that specializes in high-end outsourcing, have just reconsidered their plans to augment staff units. “Since Covid-19 has been affecting our customers’ orders, we are compelled to slow down our job recruitment”, announced Yann Thomas, Chief Executive Officer of the group, […]
Covid-19 outbreak is remarkably hitting India’s leather tanning industry. In fact, health emergency has been affecting, at this point, all the regions of the big Asian country. Therefore, such outbreak has overshadowed, to some extent, the difficult situation Uttar Pradesh companies have been dealing with. In several tanneries, located in the State of Bengal, warehouses […]
Curtume CBR are looking for a suitable solution to bridge over crisis. The Argentinian tannery keeps going through a difficult situation. For the records, most of their goods are stuck in harbours, waiting to be shipped off to customers. Besides that, the wages of their employees, over 800 of them, are at risk now. In […]
What do San Francisco and Tokyo have in common? They are the symbols of the way Coronavirus distorts fashion, its agenda and its way of working. In the first city Gucci canceled the presentation of the cruise collection, scheduled for May 18th. In the Japanese capital, the organisers given up the next edition of Fashion […]
10 billion euro in EBITDA results and minus 40 billion in sales. That’s the estimated cost of the Coronavirus on the luxury industry in 2020. Altagamma, with the help of Boston Consulting Group (BCG) and AB Bernstein, conducted a study on the effects of COVID-19 on the luxury world. The sample used for the survey […]
Piquadro believes in Lancel and its possibility to launch itself at a high level. The group led by Marco Palmieri bought Lancel from Richemont in June, 2018. The French brand, which was losing money at the time, is no inverting the trend: the goal is to grow by between 10% and 20% in the fiscal […]
Vietnam was able to welcome many producers escaping China (some due to the trade war between the USA). But today it must face the Coronavirus outbreak, which is cutting the vital bridges between the country and the People’s Republic. Covid-19 is breaking up the grand plans of Vietnam’s leather segment, but isn’t erasing them. Covid-19 […]
