Belstaff debts keep going up. Not all is lost though. The Telegraph, a British daily newspaper, has reported the news. Allegedly, the English brand, well known especially for leather apparel, specifically directed at bikers and flight pilots, ended 2018, as well, with a negative balance. For the records, at the end of 2017 their turnover […]
Ethiopia’s government have removed a 150% duty formerly imposed on wet blue and pickled leather. Due to such tax, first implemented in 2008, exports of raw hides and skins and semi-finished products had actually come to a standstill. According to local press, and reported by leatherbiz.com, the government hopes that the industry will benefit, to […]
India’s tanneries based in Kanpur have stopped working again. India is about to start celebrations for the Magh Mela, the annual Hindu feast where believers gather in the city of Prayang. That is why India’s government decided to force tanneries, actively running in the leather district, to stop working again. They have brought about the […]
In 2019, Zimbabwe’s leather export slumped by 58% on annual basis: in 2018, revenues coming from international sales amounted to 2.6 billion dollars (therefore decreasing, compared to 2.7 billion dollars in 2017); in the recently ended year, earnings reached 1.1 billion dollars. ZimStats, the national Institute of Statistics, have supplied and made public such data. […]
Supercars aren’t they only vehicle sold in the usa. While the slowdown of the automotive segment does bring concern for leather operators, pickups are sending good signals. An analysis by Jato Dinamics, British consulting and market research firm specialized in the automotive segment, reports that the market share of pickups within the US border has […]
Aston Martin brings leather to a helicopter. The ACH130 Aston Martin Edition, a luxury helicopter resulting from the collaboration between the British car manufacturer and the French Airbus Corporate Helicopters (ACH), has been presented. A typical example of how Aston Martin is expanding its areas of activity: cars and motorbikes, aircraft and architecture. But also […]
Christmas 2019 continues increasing its number of acquisitions and other financial operations. The object in question: the leather chain. While the tanning segment is still hearing about LVMH’s acquisition of Masoni Industria Conciaria, this same segment is more and more on the up and up. In other words, another acquisition takes place: German Zschimmer & Schwarz...
Confirmations are coming: Saint Laurent and its new Tuscan hub are closer. The brand has found an agreement for the Scandicci hub. It was confirmed by François-Henri Pinault, CEO and President of Kering, to MFF: “We have closed an agreement in recent days for Saint Laurent production hub in Scandicci. In the future, we will […]
Made in Italy manufacture. Strictly Italian leathers. Sharkchaser’s bags, a luxury brand founded in New York by Victoria Grantham, are 100% American. Her name is well known in the fashion world. As a matter of fact, her resume is quite important. Master at the Royal College of Art in London. Significant roles in Donna Karan […]
A new financial deal has been engaging Italian leather industry and French high-end luxury. In fact, LVMH have joined Masoni Industria Conciaria’s capital assets. LVMH Métiers d’Art have bought out a minority share of the tannery based in Santa Croce sull’ Arno. They formally signed the agreement on Thursday 19 December. This is one more […]
Fashion is changing, alongside fashion interpretation; likewise, players are about to modify the way they select leather. Liz Alessi, Coach Deputy President in charge of the Materials Development unit, illustrates the current sense of leather, while dealing with the market, which focuses on processes, performance and fashion as well. He also points out that the […]
“I shall be a golden boy as long as I manage to compete with Gucci”. Such is the comment made by Hussain Sajwani, 63 years old, president of Damac: his company has recently acquired Roberto Cavalli’s brand. While raising the stakes, they formally made a public announcement: “I might build up a new skyscraper. That […]
Nike have been flying high in the quarter, namely the second one of 2019-2020 business year, as revenues reached 10.33 billion US dollars. They therefore increased by +10.2% on annual basis. For the records, such outstanding growth has gone beyond financial analysts’ expectations, which were about 10.09 billion dollars (data provided by IBES for Refinitiv). […]
The winner (first prize) is Alessandra Orengo, who created a Tavolino (a small table), left in the picture, a geometric pattern made of metal, glass and leather insets. The runner-up is Manolo Grazioli, who created a Tavolino Rubik (a Rubik small table), in the picture in the middle, a challenging brainteaser that firmly rests upon […]
In 1846, a group of European travellers discovered it in a cave located in Manfalout, in central Egypt, along the banks of the river Nile. In the same cave, they found some mummified corpses of human beings and animals, among which a few crocodiles as well: in ancient times, in Egypt they used to idolize...
Focus on the present and the future of leather, illustrated by technology developers and manufacturers. More specifically, an Italian industry top player gave us the big picture. We met and asked him to tell us about the evolution of technology supply throughout 2019; we also asked him what might happen in the first months of...
L’Officina – Chimica in Movimento has scored one more goal. The company, based in Solofra, specialized in the manufacturing and marketing of chemicals for tanning, presented Air Leather, which is inflatable leather. Inflatable leather To begin with, sheep and goat leather (made in Solofra) undergoes a tanning process that makes it very elastic. L’Officina is […]
Customs duties on export are hindering Zambia’s crocodiles farming. The Zambian Crocodile Farmers Association sounded the alarm. According to a press release, made public by the association, the 10% duty imposed on exports of crocodile hides has brought to a remarkable downturn in sales. Consequently, around 1.3 million hides are supposedly stockpiled in the refrigerating […]
Forecasts tell us that H&M will close the current year with a 6% growth. The Swedish fast fashion giant has been fighting with Spanish Inditex for many years to become the number one in the segment. 2019’s sales were positive, as while the company’s income statement will be released this coming January 30th, H&M communicated […]
The gateway to luxury. In a nutshell, this can be the definition of an It Bag. Over the years, many have tried to explain in a few words what it represents for brands, and which function, this particular accessory, has. But it is not an easy task. A totem Some years ago, as recalled by […]
