Prada: China, and leather goods. In January 2021, Patrizio Bertelli, CEO of the Italian brand, declared that he wanted to hit the goal of 5 billion euros in revenues within a maximum of 5 years. A feasible goal, of course. But that can hardly be achieved without growth in China and without consolidating and strengthening...
There are several reasons to explain Sergio Rossi‘s move to Fosun Fashion Group. First of all, the Chinese fund put the factory at the centre of the project, ensuring the expansion of production and employment. In addition, the new partner supports an ambitious investment plan of distribution in Asia. Riccardo Sciutto explains it to us, […]
Hermès opens a new leather goods production site in Montereau. This new site, which opened on June 11th, will join one of the brand’s tanneries in Seine-et-Marne. The leather goods manufacturing location will give work to 260 people. The candidates don’t necessarily need any past experience within the segment: Hermès is ready to provide ad-hoc […]
Finance and sustainability. Furla joins the group of companies that tied loans to sustainability objectives. The leather goods’ brand was provided 25 million euro by Unicredit to accelerate its sustainability strategy. “This operation (which has a 3-year duration), further strengthens the financial structure of the group – commented Mauro Sabatini, CEO of Furla -, mitigating […]
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 […]
Nonogasta sees black smoke. According to local sources, Chinese Chery pulled out from saving Curtume CBR. The Asian automotive group should invest in Argentina, but in another province. Chery allegedly decided to pull out due to the “tannery’s distance from the harbor, lack of industrial promotion and the environmental problems”. Saving Curtume CBR Chery will […]
Leather coats, as well as jackets, bags, heels and sneakers. All branded products with the Prancing Horse. Ferrari’s debut on the catwalk was yesterday, June 13. “The fashion business – According to Nicola Boari, chief brand diversification officer of the brand – could represent 10% of the company’s profitability within the next seven to ten […]
On one side is the tanning group that sets up a traceability program able to measure the impact of the leather it tans. On the other is the luxury brand that supports the same approach, so as to compensate for 200 tonnes of CO2. Dani and Montblanc join forces in the Create to Change project. […]
The starting date has been set for today June 14, 2021. The time of arrival, beside from any surprises, is Wednesday, July 7th. In other words, the launch of the Tender Offer focused on SICIT Group, Vicenza-based organization that turns the waste of tanneries into bio-stimulants for agriculture and products for the plaster segment. Circularity […]
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 […]
European retail suffers. Even with the help of vaccination campaigns, in many countries (including Italy), sales data is still suffering. On the other hand, consumer trust grows, which provides hope to retailers now that Spring is almost over, and Summer is about to begin. European retail suffers Italy ISTAT published on June 8th its estimates...
It is called Dani Academy. It’s the name of the new training project launched by the Venetian tanning group Dani. The objective is to develop an “educational” course on the relationship between design and leather, anchoring everything to the green matrix of its Zero Impact solution. Dani, therefore, set two groups of students up for […]
GST Seton AutoLeather changed its name: it is now Pangea. The multinational automotive leather company recently announced the rebranding. The new name “represents our philosophy and our relationships – explain the company, founded in 1832 as a tannery in the States, and today a group with 5,000 employees on four continents -. Our history with […]
A suspension of the export of raw material: Argentine raw hides are not to leave the country. That’s the demand advanced by the representatives of FATICA (Federación Argentina de Trabajadores del Cuero y Afines) to the government. The same organization had already sounded an alarm regarding the difficulties in sourcing raw materials on the local […]
Footwear and leather goods collapse, but the balance for 2020 is saved thanks to financial services and online sales of shoes (for the most part), leather goods and sportwear. German giant ANWR, which puts manufacturers and retailers on the market, will likely have a “challenging” 2021, also due to the “prudent behavior of commercial credit […]
Two (twin) brothers created it. 3 brothers bought it. We are talking about the premium leather goods brand Want Les Essentiels, founded in 2007 by Byron and Dexter Peart, and that has now gone in the hands of Jean-Philippe, François-Xavier and Guillaume Robert, owners of the outerwear brand Quartz Co. The operation was all done...
“An absolute preview and a significant and tangible initiative of the made in Italy united as a system”. Assopellettieri (association belonging to Confindustria Moda) will present the new Mipel Lab project at Pitti Uomo (June 30th – July 2nd). In other words, an exhibition format created in partnership with Lineapelle. Preview at Pitti At Pitti, […]
It is time to bury the ax of the trade war with China once and for all. In the United States, leather tries to re-establish its own interests and spaces for action. LHCA, the local association of tanning and raw material traders, signs an appeal to the White House to take advantage of the new...
The indiscretion was leaked in March by financial circles. CVC Capial Partners, starting from a valuation of around 700 million euros, was preparing to collect expressions of interest for Pasubio. Now, as Il Sole 24 Ore writes, there are three offers for the tannery in Vicenza. CVC entered the capital of Pasubio in 2017, when […]
The consequences of the 3rd wave hit all while the wounds from the first and second waves were still open. The period January-March was “negative all-around for the manufacturing indexes of tanneries, with decrements often in the double-digits”, reads the note from Lineapelle’s Economic Service. Yet, some positive elements do emerge. The consequences of the […]
