Covid-19 claims another victim. Aldo Group, Canadian company that manages about 3,000 stores and employs about 8,000 people all over the world, used the Companies’ Creditors Arrangement Act to protect itself from creditors. It consists of Canadian Act allowing insolvent companies to restructure their debt and commercial activities. Aldo Group is trying to do the […]
There is little to read for this news. But all should save 3 minutes out of the schedule to see the video inked here, so that they may find out how Fontana is working during phase 2. “Milanese” is the Italian term for “from Milan”, and that is how Fontana, leather goods manufacturer based in […]
There are some positive signals, such as the “resilience of the accessories segment” and the liveliness of Chinese consumers. But that’s pretty much it. Brands can’t count on revenge spending too much: no V-shaped recovery seems to be taking place, while a quicker bounce-back was expected. The Coronavirus pandemic left the luxury industry in crisis: […]
John Varvatos files Chapter 11. While facing bankruptcy, the brand has submitted a petition, before the Court of Delaware, to join the bankruptcy shelter program. According to such restructuring plan, Lion Capital, the majority business partner, will supposedly carry out the acquisition of the company. Short history of Varvatos They first launched John Varvatos brand […]
The title they have chosen is, to a certain extent, quite peculiar and, at the same time, rather programmatic. “Leather and life expectancy: the unexpected connection”. Such is the name given to an animated video created by Dani, a Veneto’s leather tanning group. The aim is to show, once again and as clear as possible, […]
Curtiembre Paris employees have occupied the tannery. On Tuesday, May 5, around 4.30 pm, workers got into the factory and locked themselves in. The company is situated in Montevideo, right in the centre of the Nuevo París tanning cluster. They have been protesting against the layoff of 118 employees. Dismissals Curtiembre Paris is a historic […]
Mexico’s footwear and leather industries are rather pessimistic. In fact, due to the pandemic, caused by Coronavirus outbreak, almost the whole of Mexico’s footwear manufacturing companies are currently facing a downturn in revenues. Earnings have gone considerably down, -50%, for many of them. The same applies to leather tanning enterprises, which have been shut for […]
HTL International have submitted an application for bankruptcy. As reported by straitstimes.com, the home furnishings manufacturing company, headquartered in Singapore, is rather close to collapse allegedly. Reportedly, HTL do not manage to face up to the market crisis brought about by Covid-19 detrimental effects. HTL International have filed an application for bankruptcy The company, founded […]
Travelling through time while sitting on your couch, at home. You can make this journey thanks to the British Museum, which has recently created an online database containing the whole of its exhibiting archive. We are talking about two million pictures showing closely the Rosetta Stone, Easter Island sculptures and several objects made of leather. Lots […]
Focus on Diego-model sneakers: specifically, 4 pairs of black shoes and 4 brown. Size 55. The customer is Shaquille O’Neal. The package is due to be shipped next week. The delivery sheet stands out on the desk of Roby Spernanzoni, Chief Executive Officer of the homonymous shoe factory based in Morrovalle, in the province of...
The impact of Coronavirus on Italian fashion now has a number. 2020’s CRV has caused companies to lose about 36.2% of revenue on yearly base on average. If that wasn’t enough, the segment lost circa 40.5% of its usual orders. The research study was conducted by the Centro Studi of Confindustria Moda, as it photographs […]
Hugo Boss’ revenue dropped by 17% at constant rates, during the first quarter of 2020. Forecasts for the second? Business in China is recovering, while the online segment grows: that being said, forecasts say -50% sales. The group also stated it plans to cut investments by 1/3. -17% for Hugo Boss in the first quarter […]
It began on May 5 with a (virtual) meeting in collaboration with APLF platform. Another one is scheduled for May 13 with CICB, the Brazilian tanning association. The one in collaboration with International Leather Maker is still to be scheduled. Challenges, perspectives and answers: the webinars of UNIC – Italian Tanneries illustrate the expectations and […]
Three cases from the USA, Asia and Argentina. Each of them showcases how, sadly, Coronavirus has weakened the leather industry. In other words: some companies think of closing for good. Others try to avoid it. And others hope in the recovery of financial markets. Tasman Leather, in the USA As reported by wabi.tv, US-based group Tasman […]
India is also opening back up. The Western Bengal government decided that tanneries and other production segments tied to the manufacturing of leather, present in the Calcutta district, can get to work once more. India is also opening back up The Western Bengal state hosts the Calcutta Leather Complex, one of India’s main leather districts, […]
Tapestry financial statements over the third quarter of the year got in the red. In fact, the US group’s revenues have been dropping by 19.4%, slightly below analysts’ expectations. Yet, loss turned out to be much more considerable. The holding company, which is in control over Coach, Kate Spade and Stuart Weitzmann brands, has not […]
They shut some manufacturing plants because they turned out to be the main site of virus outbreak. Others are going through heavy difficulties. Some more are about to reopen. Speaking plainly, meat is on tilt. Slaughterhouses all around the world are striving to limit Coronavirus risks and deal with the situation accordingly. Yet they must...
Vikings were up to leather trade. Some researchers from the University of Cambridge and NTNU University Museum, Norway, have recently published an article focusing on the analysis of a number of finds rediscovered in the very far North: specifically, in the mountain pass above Lendbreen, in the Svalbard Islands. In the middle of the Arctic […]
Leather durability brings us back a 3,500-year-old game. Only leather could tell such a story. In fact, right thanks to leather durability we could preserve an Egyptian tool, dated back to 3,500 years ago, which has now come back to us. On April 24, a group of Hispanic and Egyptian archaeologists, led by Professor José […]
The positive note that comes from the People’s Republic is that online sales are increasing. The negative one is that brands cannot put too much faith in the shopping wants of Chinese consumers: revenge spending isn’t much. While the world is still influenced by the Coronavirus, the luxury industry is looking towards the East with […]
