The e-commerce channel is going to be more and more popular, for luxury items as well. In 2016, online shopping in the luxury sector (apparel, accessories and beauty) drove a 20-billion-euro turnover, that is, 8 per cent of total. According to “The age of digital Darwinism” research, carried out by Mckinsey & Company, in 2020 […]
Italian tanneries, represented by UNIC (Unione Nazionale Industria Conciaria, the National Association of Italian Tanneries), have been fighting for that for ages. Likewise, French association CNC, as well as Cotance (the European federation of national tanneries), are very active while urging mischievous players to use appropriate terms. APIC, the association of Portuguese tanneries, is now […]
The automotive sector goes up and down. On the one hand, Lear’s outcomes are “impressively grand”. The leather giant, dedicated to car interiors and components, ended 2017 with a remarkable accomplishment: sales increased by 10 per cent (20,5 billion dollars), as well as cash flow, which went up by 9 per cent, thus reaching 1,2 […]
Let’s begin from the end of the story: this time, apparently, Turkish tanners and leather traders have opened their eyes wide, as they remonstrated against the government and its decision to raise export duties. Hence, they asked for “less restrictive measures”. They were compelled to do it, since Turkey decided to raise again customs duties, […]
Figures are impressively grand. Such growth reminds (once again) of twinkling fireworks. Luxury French giant LVMH announced their financial statement for 2017: revenues reached 42,63 billion euros, that is, they went up by 13 per cent on annual basis; as for profits, they increased by 29 per cent, thus going beyond 5 billion euros (5,13). […]
Tod’s group’s closing turnover, at the end of 2017, amounted to 963,3 million euros (less than one billion euros then), thus decreasing by 4,1 per cent compared to 2016 (actually -3,1 per cent at fixed rates of exchange). The last quarter trend was negative, “still things have been going better compared to the first nine […]
Yesterday, at Ham Yard Hotel, all expected customers showed up. A few top clients, who first registered to participate in the event, joined the exhibition as well. Renowned British brands, along with some others coming from the global fashion system, and many smart companies representing the British style and artisan quality, turned up. All of […]
The game is still underway. On Monday, the agreement to transfer GST Autoleather to a consortium of creditors did not go through successfully, as it was stuck in the clash between warranted and non-warranted creditors. That is actually the gist of the matter: to secure all the debts of the tanning group. As reported by […]
Vans are going to expand their Italian Leather Collection by adding the Old Skool iconic sample. The brand had already created the Sk8-Hi model, that is, high ankle sneakers in black, green and beige, with upper made of top quality Italian leather together with perforated openwork on tongue and ankle (the price is 125 dollars, […]
Axel Arigato are going to be given 7,5 million euros by Vaultier7, a London-based investment fund dedicated to providing support to innovative partners, especially within the beauty and personal care industry. Such is the primary aim of the Swedish brand, who became renowned and iconic thanks to their Japanese styled sneakers: to reinforce their position […]
“Veneto’s most important tanning company has decided to enhance their growth in our Leather cluster, as they bought an available area in Santa Croce upon Arno’s industrial zone. That is evidence of our district’s big potential”, pointed out Giulia Deidda, the mayor of Santa Croce, while announcing that Venetian tanner Gruppo Mastrotto is about to […]
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 […]
