US duties on shoes from some European countries? Brussels says no, but if they are applied, the EU will answer for everyone. This was explicitly said by the EU leaders, generating transversal satisfaction in the footwear sector. Like Assocalzaturifici, which sees the USA as an important strategic market for Italian production. Brussels says no On...
According to the BUCE (Belarusian Universal Commodity Exchange), Belarusian wet blue exports have created a turnover of 5.5 million USD. Poland proved to be the bet buyer, followed by the UK and Russia, but the semi-finished leather is also of interest to Italy. Belarusian wet blue exports On Tuesday September 14th, BUCE posted the data […]
Expo Riva Schuh and Gardabags smile, with some reservation. The two fairs closed their doors on July 20th after 3 days, during which they hosted 2,700 visitors from 79 countries. Encouraging sings that deal with the changes currently occurring in the manufacturing world. In fact, from the Riva del Garda pavilions appears a trend to...
Bangladesh opts to free wet blue exports. The upcoming celebration of Eid-ul-Adha has led the Asian country to allow, for the first time, the export of semi-finished leather. Yet, only 5 companies will have the authorization to sell, for only 1 year, a limited amount of leather abroad. The segment’s entrepreneurs fear that the decision […]
Some positive signs emerge from the tanning export data from Brazil, US and Spain, which is a good sign given the 16 months of pandemic. But the trend remains “challenging”, because there are other complexities to be taken into account for the period. In some cases, purchases have recovered, but very sporadically. There is no […]
Asian leather is recovering. Export data for Pakistan and Bangladesh showcase a way out of the crisis. In the first instance, the increment was of 13.29%. In the second, the apparel increase on yearly base was of +11.1% and of +14.43% for leather goods. Meanwhile, everything in India is ready to pose the first stone […]
TFL completes the acquisition of Lanxess’ organic tanning chemistry business. In other words, it announced that it had completed the transaction following the approval by the relevant authorities. The agreement between the parties arrived last year. Wolfgang Schütt, TFL CEO, said he was “excited” about the deal and “delighted to welcome our new colleagues as […]
Bad news for Italian fashion. But at the same time, news that carries some degree of hope. Bad news is that the USTR (United States Trade Representative) has decided to impose a 25% duty on about 386 million USD worth of imported goods from Italy, including apparel, footwear, eyewear and handbags. But, hope can be...
Infections aren’t slowing down, companies are closed, entrepreneurs are forced to ask for loans. The situation in India is critical. Pandemic continues to rage and the latest Covid wave is hitting harder than the previous ones. The repercussions on the manufacturing system are very grave. Many tanneries, footwear manufacturers and makes of leather goods are […]
A new stop for tanning activities in Jaimau. The Uttar Pradesh Pollution Control Board (UPPCB) has ruled that all activities for 95 tanneries in the district of Kanpur, India, is to shut down indefinitely. The stop was decided due to the overload of a pumping station of the water treatment system. A problem that, in […]
Belarusian tanning is under scrutiny. President Aleksandr Lukashenko visited the country’s tanneries in recent days. A tour in the world of leather to learn about its production capacity. But also an opportunity to acknowledge about the sector’s situation . One, in particular, is the situation that the Belarusian president has ordered to resolve: that of […]
Covid put a stop to Tempe’s good run. The Spanish company that creates, distributes and sells footwear for all Inditex brands (of which the Spanish fast fashion giant owns 50%), decreased its revenue to below 1 billion euro. It’s the first time since 2014. Sales went down by 28.7%, but, even then, Tempe managed to […]
Italian leather segment had no chances in 2020: the downfall (caused by Covid-19) of all reference markets was obviously going to damage the performance. In fact, UNIC – Italian tanneries’ economic service recorded revenue drop by 26%, while export decreased 26.9%. During the same period, the segment lost 19.6% in volume (with leather for soles […]
Birkenstock switches to L Catterton. The deal is closed, and the German brand announced it on its website. However, the amount disbursed by Bernard Arnault‘s LVMH-backed private equity firm is not known. The overall valuation of the German company should be around 4 billion euros. Brothers Christian and Alex Birkenstock will keep a minority stake. […]
The first news is that Birkenstock would be for sale. The second, that the race of private equity funds is already underway to grab the German brand. According to rumours, CVC Capital Partners, which took control of Pasubio tannery in 2017, appears to be in pole position. Among the suitors there would also be Permira […]
Brazil (verbally) attacks Argentina. Buenos Aires’ customs authorities is delaying the entry into the country of imported footwear from Brazil, with consequent economic damages to the latter. Brazil’s footwear association (Abicalçados). Brazil attacks Argentina The reference association of the country stated that 328 thousand pairs of shoes are blocked at Argentina’s customs, while waiting for […]
It appears to be the re-shuffling of many pieces of a puzzle. And at the end, some are lost. In other words, Escada managed to save itself with no outside help, but up to a point. The German brand filed for bankruptcy in September, or rather it was Escada SE, a subsidiary, to do so. […]
TFL, the giant of tanning chemicals, announced that it has completed the acquisition of the assets of Industria Chimica Fine (ICF). With this operation, TFL closes the loop. In fact, since 2018 it has been renting the ICF plant in Medicina, in the province of Bologna, to support the production of chemical auxiliaries for tanning. […]
The handling of religious festivities Magh Mela e Kumbh Mela, along with the rigorous approach of the National Green Tribunal. These are the 3 elements that Indian tanners located in the Uttar Pradesh region are blaming for the crisis. Political factors that anticipated Covid-19 and have broken the local leather chain. These dynamics have forced […]
They formerly announced, at the end of June, that suspension of customs duties, imposed on leather export, would be set on a bi-monthly basis. They have now officially extended it until 31st December. “In Italy, there is nothing more permanent than something provisional”, used to say Prezzolini: it seems one can apply such aphorism to […]
