In the first 4 months of 2021 (or just about), the number of animal units slaughtered in the USA increased by 1%. According to the USDA (Agriculture Department), the growth of adult bovines is covering the low number of calves. LHCA, meanwhile, promises to use all the hides originating from the meat industry. As explained […]
More steaks and now new leathers. In Cuba, business at the new El Tablón slaughterhouse is proceeding apace after its inauguration. The prospect of building a tannery alongside the livestock industry is on the horizon. The new El Tablón slaughterhouse In Cuba, the new El Tablón plant is operating at full capacity. As reported by […]
Hermès took off. During the first quarter of 2021 the luxury brand sold 44% more than the same quarter of 2020, and 33% more than in 2019 Q1, at constant rates. Chinese consumers were the main force behind the brand’s performance. Asia (excluding Japan(, registered a 94% increase in sales (as the 1st quarter of […]
So close, and yet so far: but surely ready for parallel convergences. Bernard Arnault (LVMH) and François-Henri Pinault (Kering), the two top players of the global luxury segment, compared opinions while afar. Both participated in their respective Board meetings and found common ground on a few matters. Which ones? They are both confident in what […]
An increasingly virtuous Puglia-USA axis for the upholstered furniture sector. Which confirms the nesting effect resulting from Covid-19. The public pays greater attention to the composition and furnishing of home spaces. Why? Because people spend far more time indoors than they did a little over a year ago. The sofas produced by DiGió Leather Sofas, […]
Abbyson lands in Italy. The USA upholstery factory set up a new division to produce upholstery in leather and fabric in Italy. The project includes the lines that Abbyson will exhibit at the High Point Premarket, the international furniture fair that will take place on April 25-27, 2021, in South Carolina. Abbyson lands in Italy […]
For now, a US duty on EU shoes is only a hypothesis. From Washington, they threaten an additional 25% tax on some EU products: clothing, footwear and eyewear from Italy, bags and shoes from Spain, coats and shoes from the UK. The USTR (United States Trade Representative) agency completed the web tax investigation in January,...
What will consumers buy, in the USA, next Fall when, as we hope, life will have less restrictions? Will the wish to wear heels return or will people further embrace the comfort approach? Smaller handbags resisted the pandemic better than others, but will they continue on this trend or will larger ones make a comeback? […]
Gucci flies again. In the first quarter of 2021, the brand’s revenues, which generates 60% of Kering‘s turnover and 80% of its profits, grew by 24.6% at constant exchange rates. An increase higher than that expected by analysts: +19%. Overall, the French group’s sales rose 25.8% on a comparable basis for the same period. This […]
Delvaux comes into the acquisition dance, as it’s allegedly looking for a buyer. The Belgian brand, specialized in the manufacturing of luxury handbags, is owned by the Fung brothers Victor and William (Hong Kong) and could be valued at between 500 and 600 million USD. The owners have allegedly put a team of consultants in […]
Mipel’s South Korean edition was more than positive: the fair took place, and the market is moving. Over 220 Korean buyers visited the Mipel Leather Goods Showrooms in Seoul. The tradeshow (from April 13th to the 16th) was organized by Assopellettieri and, for the second time, was held in “Silent” mode due to the pandemic-related […]
Industrie Chimiche Forestali bought the tips and counters of Industria Chimica Morel for 2.76 million euro. With this operation, the company based in Marcallo con Casone (Milano), starts the design, production and commercialization of adhesives and textiles with a high technological degree, and will have the possibility of widening its offer and customer base. The agreement […]
LVMH will still make acquisitions. And, if the general manager Toni Belloni says so, it is to be believed. The French luxury group continues to look to Italy, thanks to its consolidated experience with brands and companies from Bel Paese. But it will not buy AC Milan, as has been insistently said for over a […]
Gucci turns 100 and celebrates with a new collection: Gucci Aria. Creative director Alessandro Michele celebrated the heritage of the maison, by paying tribute to the cornerstones of the brand. But it also goes beyond. It transforms the past into something extremely contemporary. Everything complicitly with Balenciaga, in its role as honored guest. Gucci Aria […]
Bally is looking to turn the page. While the possibility of passing to Chinese textile group Shandong Ruyi (which in 2018 had promised 600 million USD) seems to have disappeared, the current owner, Jab Holdings, is looking for a new start. How? With investments in the retail channel. It’s also not excluded that a new […]
Shopping, how much I missed you! In the United Kingdom, where fashion stores were able to reopen last Monday (March 12, 2021), many citizens took to the streets after a long lockdown. There were queues outside some prestigious shops, including the new Hermès store inside Harrods. Meanwhile, Kurt Geiger and Anya Hindmarch take the opportunity […]
Russia faced the pandemic by imposing small-scale lockdowns, limiting travel to foreign countries to its citizens and by developing and distributing its own vaccine. The result: since February 2021 the pandemic has (almost) been left behind. What effects did that have on the retail segment? Seen that Russian citizens are unable to travel abroad, they […]
Global activities are being impacted, for the most part, by the pandemic. Beside from that, there is increasing competition from alternative materials. And, last but not least, the segment must await a clear direction from the Biden administration and the international relations that it wants to build. After a difficult 2020, the US leather segment […]
LVMH does well in the first quarter and doubles on the analysts’ forecasts. In the first 3 months of 2021, the Fashion & Leather Goods of the French Group took off: +52% at constant rates, compared to 2020’s 1st quarter. Analysts had forecasted a 27% increment. But (even more importantly), fashion and leather goods recorded […]
A very serious mourning strikes the Italian tannery and the Solofra leather district as they say goodbye to Angelo Sari, owner of Martucci Teresa. Sari died in Rome, where he was hospitalised due to an incurable disease. He would have turned 64 on April 22. Farewell to Angelo Sari A reference tanner for the Solofra […]
