Data from India, Pakistan and Bangladesh: Asian leather is recovering

Data from India, Pakistan and Bangladesh: Asian leather is recovering

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 […]

So be it: TFL chemists complete Lanxess’ acquisition

So be it: TFL chemists complete Lanxess’ acquisition

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 […]

The United States increase the duty (+25%), but suspend it for 6 months

The United States increase the duty (+25%), but suspend it for 6 months

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...

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The last wave of Covid can be fatal for India’s leather segment

The latest Covid wave be fatal for India’s leather segment

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 […]

Kanpur, the water treatment plant is overloaded: 95 tanneries close shop

Kanpur, the water treatment plant is overloaded: 95 tanneries close shop

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 […]

Lukashenko is furious: Belarusian tanning is under scrutiny

Lukashenko is furious: Belarusian tanning is under scrutiny

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 […]

Tempe’s 2020: below 1 billion for the first time since 2014

Tempe’s 2020: below 1 billion for the first time since 2014

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 […]

Italy’s leather segment loses 26% in 2020

Italian leather segment loses 26% in 2020

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 […]

Done deal: Birkenstock switches to L Catterton (LVMH)

Done deal: Birkenstock switches to L Catterton (LVMH)

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. […]

Birkenstock would be for sale: CVC Capital and Permira are interested

Birkenstock would be for sale: CVC Capital and Permira are interested

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 attacks Argentina for the footwear blocked at customs

Brazil attacks Argentina for the footwear blocked at customs

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 […]

Escada is saved, up to a point

Escada is saved, up to a point

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 closes the loop and acquires Industria Chimica Fine

TFL closes the loop and acquires Industria Chimica Fine

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. […]

Kanpur, tanneries blame the government (and not Covid-19)

Kanpur, tanneries blame the government for the crisis (and not Covid-19)

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 […]

Argentina suspends duty on leather export up to the end of the year

Argentina suspends duty on leather export up to the end of the year

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 […]

Chronicles of India: leather recovers, while a green project takes off

Chronicles of India: leather recovers, while a green project takes off

Leather in India is recovering and trying to create a greener future. CLE (Council of Leather Export) has published the result of an industry analysis that highlights the recovery of leather goods’ exports. Numbers that give hope to the segment’s operators. Meanwhile, the government announced a sustainability initiative for the Calcutta district. India’s leather recovers […]

India’s leather industry looks for a way out by making work gloves

India’s leather industry looks for a way out by making work gloves

India’s leather industry looks for a way out. Hit by a heavy decrease of demand for fashion goods, many Indian producers of leather have re-focused their production on work gloves. Demand for the latter is growing and originate in many areas of the world. Meanwhile, the footwear segment seems to give a timid sign of […]

Brazil’s footwear exports down 32.7% because of the USA and China

Brazil’s footwear exports down 32.7% because of the USA and China

Brazil’s footwear exports have been decreasing by nearly 33% over the first eight months of 2020. The USA, which are the main end market, and Chinese footwear industry, which is enjoying a recovery, are most accountable for that. Italy currently purchases shoes from Brazil at 6.13 dollars a pair and sells them to the South […]