The news has been briefly reported by foxbusiness.com portal in their finance section: true to predictions, last week it took place the auction sale to work out GST Autoleather ‘s bankruptcy case. On January 12 bids were made public; a few days later, on January 16, GST was supposedly given its new corporate structure and […]
They will be headquartered in Kaiserslautern, Germany. Their aim is to “meet the aircraft industry growing demand for seats”. Leather (but not only) interiors global player Adient have recently signed an important joint-venture deal with Boeing, the aircraft manufacturing company. As a result of it, they have established a new company, Adient Aerospace, which will […]
A few months ago, Cotance, the European federation of national tanning associations, had expressed their opinion about the topic, while emphasizing that Flyleather, the “new” material worked up by Nike as “leather fibre board” and launched last September, recalls the term “leather” inappropriately to such an extent that it is considered illegal in many countries. […]
Cursed Bonded Leather. Nowadays, in the United States buying pieces of furniture is as risky as straying into a minefield. Scams are around the corner: no wonder, then, customers get deeply disappointed in the end. “Every year Americans spend over 100 billion dollars on home furnishings”- points out the Washington Post, but they often happen […]
Revenues down and volumes up: in 2017 Brazil exported 202,3 million square metres of leather, thus reaching an overall turnover of 1,9 billion dollars. In other words, sales volumes increased by 4,3 per cent, whereas incomes dropped by 6,5 per cent on annual basis. Such data are provided by CICB, the association of Brazilian tanneries, […]
GROWING UNCERTAINTIES SURROUND THE FUTURE OF CLARKS. THE BRITISH FOOTWEAR BRAND, A GLOBAL SHOE GIANT, HAS CHANGED TOP MANAGERS AND STRATEGIES IN RECENT YEARS. CUTS, CLOSURES AND, ABOVE ALL, A DIFFERENT SUPPLY CHAIN. BUT RESULTS ARE YET TO COME
“Things are changing very quickly: footwear manufacturing is getting closer and closer to consumers’ markets, thus reshoring towards the major European manufacturing countries; on the other hand, China, where production costs are going up, has reduced its own market shares in favor of other Asian countries where such costs are cheaper”. That’s the big picture […]
“It has been designed to provide the same performance as the authentic material, without any animal products though”. Sorry to let you down dear Dr. Martens, that’s not the way it is. In other words, using such terms to depict the “Vegan Leather” is not legitimate. And, with regard to consumers, it’s not fair either. […]
50-year-old Pietro Beccari takes a seat on one of the most prestigious luxury chairs: he is the new chief executive officer of Christian Dior Couture. Formerly appointed at Fendi (since 2012), he replaces Sidney Toledano, who had been in charge for 20 years. While joining Christian Dior, Beccari is fully aware of what a luxury […]
Richemont keeps growing, though not so fast as forecast by analysts. The luxury Swiss group, focused on watchmaking, jewelry and fashion accessories, ended their third business quarter by increasing their turnover (+7 per cent), thus reaching 3,1 billion euros in terms of value. As reported by Bloomberg, AWP analysts were expecting the group to grow […]
“Such plan will enable Kering to enhance their luxury pure player status, thanks to higher standards of profitability, thus placing the group in the best rankings of the industry”. The French giant quits sport-lifestyle. The group, which is run by Pinault family, announced that they have started to transfer their Puma shares (Kering was the […]
Pitti Immagine Uomo 93, in Florence, comes today to an end. This edition had break the record for number of visitors. Germany, Japan and Great Britain are on top, though Eastern Europe is actually speeding up, surprisingly: Russia to begin with, then Poland, Czech Republic, Hungary, Romania, Bulgaria, Slovakia and the Balkan zone countries. Several […]
Good flow of visitors, growing curiosity about leather and fierce competition. Such elements have clearly come out during the first two days of the 89th edition of Expo Riva Schuh, the international mid-end footwear fair, which comes today to an end, in Riva del Garda (Italy). Both Remigio Iachini, from La Repo shoe factory, located […]
India is about to create a set of incentives for the tanning cluster, the same tanneries which were hardly hindered so far. Indeed the modus operandi of the Indian government, while dealing with the leather industry, looks contradictory. In fact, first Hindu radical politics (by the way, Prime Minister Modi’s party, BJP, is an ultra-nationalist […]
Organizational machines running at full capacity for Lineapelle, that closes “a 2017 of growth and leadership consolidation at an international level, and is going to start 2018 with a bang”. Three appointments happening in sequence between January and February 2018. Lineapelle London will take place on Tuesday, January 23rd, inside the Ham Yard Hotel: 50 […]
“Total Italian exports of tanned leather, based on the data available till now for the year 2017 (first 9 months), estimates growth of 1% in value, and (% in volume”. Good news, that, if confirmed, will “Interrupt the slightly negative trend of Italian exports that characterized the 2 previous years”. UNIC (Italian National Tanners Association) […]
CICB, Brazil’s national tanneries association will not be happy. Because, as it loves to remind everyone, its planned objective is to bring the South American chain to increase exports of high added-value leather, rather than raw material. The balance sheet for the first 11 months of the year says another story, revenue from abroad of […]
CNC (Conseil National du Cuir), French confederation that puts together the interests of 19 national associations involved in the leather industry’s chain, re-confirmed Frank Boehly (66 years old), in charge since 2014, as its president. The assembly that made the decision took place on December 14th, 2017, and set the objectives for the period 2018-2020. […]
CEC (Confédération Européenne de l’Industrie de la Chaussure) defends the leather shoes segment in the diplomatic battle that is re-writing international regulations regarding commerce between the European Union and Mercosur. Additionally, negotiations with Japan have also been opened, while COKA, the National Footwear and Leather Association of the Czech Republic, is officially a new member. […]
Lanxess announces a 20% increase in the price of its Sodium Dichromate. The measure, effective immediately, is caused by the increased operational costs and the need to re-finance investments among the assets of the multinational, that operates in the chemical industry. Sodium dichromate is the mineral from which chromite-based materials are made, especially chromite salts […]
