Aeffe, Hugo Boss and Ralph Lauren fight the effects of the pandemic with unstable results. The online channel and China seem to be the only two valid resources during this critical time. Aeffe, Hugo Boss and Ralph Lauren Aeffe, group that controls Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino (to the right, in picture taken from […]
Together again (for the fourth time). Ready to break the record again. The latest collaboration between Tod’s and Mr. Bags will lead to the creation of a new limited edition bag, which does not yet have a name. The product will be sold on WeChat with “Baoshop” mini program. The record to break is 696,000 […]
17 arrested for smuggling bovine hides in China’s Guangzhou region, where border authorities have arrested smugglers that had 72 million USD worth of bovine hides. According to local sources the smugglers imported the goods by falsifying the Bill of Lading. 17 arrested for smuggling bovine hides 17 people were stopped by Guangzhou’ border authorities. As […]
Some players consider it as a challenge. Others believe it is a necessary “political choice”. Some more think it is an opportunity, for the fashion and luxury industry, to spread a sign of vitality all around the market. In addition, a chance to make again a physical connection with buyers and customers. In other words, […]
“Such unprecedented crisis”, currently underway, has not spared Hermès: sales down 42% in 2020 second quarter, – 25% in the half-year period. Nevertheless, the French fashion brand has been showing a number of tangible signs of resilience and reaction. For example, as reported by Reuters, they announced they hired 300 employees in the first six […]
Fendi invests 57 million euros in a new leather goods expanded factory, based in Bagno a Ripoli, in the metropolitan city of Florence. The project, first launched in February 2019 by signing an agreement protocol, has been recently approved by Tuscany’s Regional Council. Following this stage, at this point Fendi itself, alongside Tuscany Region, the […]
China’s National Health Commission (NHC) has made public the news. Which, subsequently, has brought LHCA, the Leather and Hide Council of America, to fever pitch. Why actually? Because, following that, US leather customs clearance in China might possibly get complicated again. Yes, indeed. Just twenty days ago, raw hides and skins, made in the USA,...
Another acquisition shakes Italy’s tanning segment. Chanel buys Conceria Gaiera and further increases its control on the supply chain of leather. The French luxury brand had already purchased Samanta (Tuscany) in 2019, and in both cases, it acquired part of the capital after having been a client for many years, of the two businesses that […]
Without trying to go around the issue, the conglomerate defined the 1st semester of 2020 as the hardest it has ever had. The numbers give a clear picture: Gucci is down by 45% in the 2nd quarter. Saint Laurent hits the -48%-mark, while Bottega Veneta decreased sales by 24%, making it the most resilient brand. […]
“The crisis has proved the resilience of our business model”, said Jacques Guiony, CFO of LVMH. The French luxury giant recorded a revenue loss of 38% during the 2nd quarter (-28% for the first half of the year), but counts on the “strong signs of an upturn in activity” in China. Taking into consideration the […]
Italian supply chain. Chinese sales. These are the restart’s cornerstones for Michael Kors, who says he has not yet decided how he will present products in September. The American designer, however, in an interview with MF Fashion, shows a great resilient trust. And he proclaims: “Fashion will last, as always”. The restart’s cornerstones “We have […]
He died on July 21, 2020. But his family members have decided to report it only on Monday. The fashion world, but not only, says farewell to Kansai Yamamoto. A pioneer of Japanese fashion. As well as the first Japanese designer to present a collection in London in 1971. Yamamoto passed away at the age […]
Everlane is a US brand. It too produces in Italy. It mainly uses Italian leather. And it made the news its extreme concept of transparency, structurally and strategically. To the point of showing it immediately, online, under the hat of this slogan: Radical Transparency, to offer customers all the more detailed information on what he […]
In England the footwear industry starts again. The national statistics office has released data on retail shoe sales in recent days. Between mid-June and mid-July, purchases by British consumers increased by 13.9% compared to the previous 30 days. And there are also those who, during the pandemic, made a splash, such as Fairfax & Favor....
India’s leather segment loses 75.000 jobs. With very few orders, many businesses in Vellore, Turupathur and Ranipet have started to layoff workers. A concerning situation that could have grave repercussions on the entire social system. India’s leather segment loses 75.000 jobs Tanneries, footwear manufacturers and makers of leather goods were able to reopen their doors […]
The price of raw material has gone down by 30% from last year. Bangladesh’s government decided, on Sunday 26th, has fixed the price of raw material obtained during its “Sacrificing Feast” (July 30th – August 3rd). Good news for tanners, as they wouldn’t have otherwise been able to buy it due to the serious financial […]
Back to roots. Focus on a creative director and a fashion brand, Dior, which, as remarked by analysts, found its way to stand up against the pandemic. Therefore suffering from its effects to a limited extent. However, claimed Chief Executive Officer Pietro Beccari, while talking to WWD, “I do not want to compare Dior with […]
Il Sole 24 Ore has made public the scoop. Focus on Valextra. In fact, the corporate arrangement of the leather goods brand is about to change shortly. Neo Investment Partners, a private equity fund, has been holding 60% of the company’s shares since 2013: they are about to leave ownership now. Several candidates are gearing […]
Mr Bags keeps achieving resounding success. What is his special talent? He promotes luxury leather bags in China and he succeeds in selling lots and lots of them in a very short while. The pandemic, caused by Covid-19 outbreak, did not hinder his business: Mr Bags drives Burberry sales. In April, the influencer was able […]
“The pandemic has had an appallingly harmful impact on Chinese leather”, remarked Li Yuzhong (in the picture, first right), president of the Chinese Leather Industry Association (CLIA). He was one of the main characters participating in the webinar arranged by Expo Riva Schuh, on July 22nd: “The Covid Storm: from difficulties to relaunch”. Most important...
