The new plant will extend across an area of 5,000 square metres and will supply about 20% of the company’s energy demand. Vietnamese PrimeAsia tannery (whose manufacturing amounts to 5,5 million leather square metres) is about to invest in a new solar plant, in addition to the one currently working, as reported by Danish Arcon-Sunmark […]
Pietro Beccari (on the left in the picture), who is currently managing director at Fendi, has been appointed as chairman and chief executive officer of Christian Dior Couture, and he will take over after Sidney Toledano (on the right in the picture), formerly in charge since 1998. The turning point is historic. After nearly 20 […]
After a few manufacturing partnerships in the past, transfer of ownership has been achieved. Swiss Richemont, the luxury giant mostly up to watchmaking, jewelry and fashion accessories, has bought out 100% of Serapian, the historic Milanese leather goods company, into whose hands they had put, over the last years, the making of some product lines […]
One more leather buyout goes on in Italy. After Pasubio (the tannery based in the province of Vicenza) takeover by CVC English fund, another Venetian tannery has been recently bought out by foreign investors, namely Chinese. In fact, ISA TanTec Chinese group has become the majority shareholder of Scamosceria del Brenta, an Italian tannery headquartered […]
Revenues have increased by 12% on annual basis, thus going up to 144,5 million pounds (about 162,5 million euros), while profits currently amount to 8,79 million pounds (9,8 million euros): previously they were 7,75 million pounds. Such is the financial statement of Scottish Leather Group, a leatherwork company based in the UK, with regard to […]
Russian meat giant turns into a tanning industry player. Bryansk Meat Company, the operational arm of Miratorg livestock and farm group, headquartered in Moscow, started the building of their first tannery in mid-October. Their investment is by all means remarkable: in fact, Miratorg is about to invest 2,8 billion rubles, that is over 40 million […]
Less leather for footwear, more leather for car interiors and upholstery. While talking to Spanish media during Futurmoda fair, José Fernando Bello, president of CICB, commented about the latest trend of Brazilian leather export. It turns out that leather for footwear has been going down: according to figures provided by Leatherbiz, at present 20,1% of […]
Tanning industry in Uruguay is close to stop forever. Over the last 10 years Uruguayan tanneries lost 67% of their employees, while there are just 6 companies currently working. Such companies are facing tough times indeed: in 5 tanneries out of 6 manufacturing has been dropping. In addition to that, workers are not provided with […]
IT IS NOT A PARADOX. GST AUTOLEATHER IS UNDER CHAPTER 11, BUT THAT IS NOT A GENERAL ILLNESS SYMPTOM OF THE AUTOMOTIVE SECTOR AS A WHOLE, WHICH IS CONTINUING ITS POSITIVE PERIOD: THE PROBLEMS THE US-BASED (AND JAPANESE OWNED) GIANT IS HAVING, IS CAUSING FURTHER COMPLICATIONS THATS ARE DUE TO A LARGE NUMBER OF INDUSTRIAL AND FINANCIAL REASONS
The former mainly handles chemicals for tanning leather for upholstery and car interiors, whereas the latter focuses their manufacturing on footwear and luxury accessories. A few weeks after the closing of the agreement between BASF and Stahl, Dutch Smit & zoon has bought out Codyeco, an Italian company headquartered in Santa Croce upon Arno, controlled […]
“At this point customers are ready to purchase everything online, even large sized articles such as sofas and armchairs. Since I skip brochures, storage, marketing and production, I manage to deliver product types made in the USA with Italian leather”. Nidiki Kapur, formerly employed at Google, then in charge of the development department at Birchbox […]
A fortune goes up in smoke owing to raw hides poor quality. That means a loss of 3,5 billion reals (slightly less than 1 billion euros) for the whole manufacturing cluster because of farmers’ clumsiness. According to CICB, the Brazilian association of tanneries, poor quality of tanning raw materials sent to drums is bound to […]
About two million hides might be successfully allocated on international markets, yet conversely they are bound to be wasted because of blocks on export. According to Argentinian local sources, quoted by the Sauer Report, there has been a meeting between president Mauricio Macri and some representatives of the national livestock and farm industry: the spotlight […]
Sneakers’ brilliant performance is being outdone by militar ankle boots, which are driving up sales and profits considerably. Sri Lankan Ceylon Leather Products group is vertically merging tanneries and footwear factories. Looking at the financial statement of the last business year (ended on March 31, though made public at the end of October), their turnover […]
At present they have got 15 plants, all located in France, with 3,136 employees? in total. They are about to open a new one at L’Allan, in the region of Franche-Comté, shortly. Still those factories are not sufficient to meet their manufacturing needs. Hence Hermés is planning to open two more, which are due to […]
Change of ownership for Belstaff. German Jab Holdings group, the owner of the trademark, has sold the brand to British Ineos, one of the world’s largest manufacturers of chemicals and oil products. The transfer has not been a plot twist though: in fact, it is part of the fashion brands dismissal plan previously announced by […]
The 48th edition of OBUV, Russian footwear major fair, took place at Moscow Expocentre on October 24-27. Among exhibitors, several leather goods companies participated as well. There we go with highlights: buyers who turned up at the exhibition showed some interest, still their purchasing, with regard both to footwear and bags, was not that remarkable. […]
One of the members of the Customs Union carries out protectionism policies: it doesn’t make sense, does it? Turkey will hear out the European Commission, as it liaises with national Governments which are involved in the situation. Wet-blue leather export stop, approved by Turkish government at the end of August, was not popular at all. […]
In the third quarter sales went up by 10% on annual basis, up to 5 billion dollars. Such outstanding sales performance, along with remarkable incomes (net revenues up by 38%, net profits increasing by 12%, as margins moved up from 8% to 8,2%), enables Lear Corporation, top manufacturer of leather for car interiors, to upgrade […]
1,578 solar panels will cover a quarter of the energy demand of the tannery. On October 25 Oukro, a Dutch company specialised in calf salted hides, activated their solar panels: such investment is part of the plan, supported by Apeldoorn city council, which aims at shifting to renewable energy sources. “Our choice is very important […]
