Taking Soeur to EUR 100 million in turnover, up from 51 in 2023, by exploiting leather bags and shoes. This is Style Capital‘s plan for the brand founded in 2007 by sisters Domitille and Angélique Brion, 80% of which it took over in 2023. Taking Soeur to EUR 100 mln The turnover has already risen […]
“SMEs are a barrier to innovation”. In other words: they hold it back. According to Cristiano Paccagnella (in the photo), general manager of Omac and vice-president of Assomac, the machinery sector for tanneries, shoe factories and leather goods is made up of companies that are too small, and if they do not innovate they risk...
Research, development and innovation to challenge the crisis. But according to Officine di Cartigliano, we are beginning to see signs of a restart, despite the turmoil and perplexity surrounding the automotive industry. Active since 1961 in the tanning industry, Officine di Cartigliano have been producing machines for the process of changing the state of wet-tanned...
The luxury segment’s 180-degrees turn. The industry is getting back on its feet: less focused on the (few) ultra-rich and more geared toward (the many) aspirational consumers. Bain’s Claudia D’Arpizio argues this after analyzing the latest fashion weeks. The strategy of becoming increasingly exclusive ran up against the numbers and boomeranged. But going back also […]
104 editions and one certainty: to be for the supply chain “an investment in the future”. Lineapelle, which ended on Thursday, September 19, at Fiera Milano Rho, knew it had to deal with an economic situation “characterised by complex uncertainty and structural forecasting difficulties”. And, perhaps, precisely for this reason – in a sort of...
The suspicion was sound (very sound), but now, as people say, science confirms it: the European Commission, by including cow hides among the commodities subject to the EUDR regulation, will not save trees. Not a single one. For the simple reason that, as the study by the Scuola Superiore Sant’Anna in Pisa has shown, tanning...
New acquisition for Rochet Group. The French company, founded in 1908, specialises in the manufacture of watch straps (in leather and other materials) and leather goods. It has bought Sibra, a leading manufacturer of original equipment watch straps. This is the second acquisition after Bouveret in 2021. But Rochet Group CEO Charles Brunet has already […]
“The situation has worsened”, says Paolo Villa, CEO of Villa Group, in reference to footwear imports from Asia. The Far East to Italy trade route remains an open problem for companies, with a crisis that does not seem likely to be resolved anytime soon and, according to industry insiders, could last until 2025. Houthi attacks...
It may be a move to speculate on the European anti-deforestation regulation. Maybe yes, maybe no. The fact is that India’s Finance Minister, Nirmala Sitharaman, has announced a major foreign trade liberalisation plan for Finance Bill 2024-25. A plan that considers, in a basket of goods ranging from precious metals to pharmaceuticals, the lowering of […]
Lineapelle NY’s signs are ones of avant-garde. Or, rather, of anticipation. That’s the main one that comes out of the rooms of the Metropolitan Pavilion, where a few days ago the edition of Lineapelle New York dedicated to the 25/26 winter season ended. A sign that also characterizes the photographs in the image gallery you […]
Inspired by South Pacific wicker baskets and Japanese bamboo weaving, Dragon Diffusion has transformed a handcrafted product into a luxury object. The Belgian brand has been creating bags, small leather goods and belts for 15 years now, using a handcrafted technique developed in India. For the bags, it uses wooden shapes around which it develops...
With the double appointment in London and New York, Lineapelle opens its new trade fair season, culminating with the Milan event in September. The first appointment is Tuesday, 9 July 2024, at the Ham Yard Hotel, in the heart of the City. The second is scheduled for Wednesday, July 17 and Thursday, July 18, at […]
New license and factory for Asso. The footwear company founded in Fermo in 1987 announced that it has signed a three-year license agreement for footwear (men’s, women’s and children’s) with the Ferrè brand. The debut collection will be the spring/summer 2025 season. Thus, the expansion path continues, after the company started working with Balducci...
The Chinese government‘s “common prosperity” obscures luxury influencers. Wang Hongquanxing, Baoyu Jiajie and Bo Gongzi have disappeared from major social platforms. Their accounts were suddenly closed for violating community guidelines. An action that sounds like a crackdown on the “money cult”. “They spread materialistic values and cause social anxiety”, they say from Beijing. And luxury...
Record-breaking. In addition to sales prices, Chanel’s investments and revenues are growing, reaching $19.7 billion in 2023. That is: +16% on a comparable basis on 2022. Operating profits increased 11% to $6.4 billion. The last quarter of the year was also positive, as sales grew 14%. CEO Leena Nair (pictured) and CFO Philippe Blondiaux spoke […]
Colour and leather. Mosaic and leather goods. Handcrafted and artistic worlds. Worlds that can merge into a single design perspective precisely because they arise and develop around a dimension that has that very word “art” at its base. A horizon from which, then, both creativity and business take off. An exemplary case comes from Friuli....
Will India be the next China for luxury? “Not for handbags” argues Barclays, which instead points to other types of luxury items (jewelry and watches) as having the greatest potential for development in the country. Perhaps, this is why, then, the brands do not yet see the Indian consumer as ready to buy fashion products....
It is a turbulent time for so many retail brands. The effects of a non-dynamic market are beginning to be felt, both online and offline. Within this crisis situation, mergers and acquisitions may take place, but above all, balance sheets are the final proof: when doing well, they are barely balanced. Here’s the bottom line....
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...
