A golden quarter (above expectations) for LVMH. The French fashion giant registered 10.38 billion Euros in the third quarter of 2017 under the guide of Bernard Arnault. Organic growth of 12% in a year for the group, which is in line with the +13% and +12% of the first two quarters, doubled that of the […]
The following is a recent and famous story. Year 2013: the French giant PPR, which owns many brands among which is Gucci, decides to change its name in ‘Kering’, because they say in Paris, “the ker root of the word means ‘home’ in Breton, while in English Kering sounds like ‘care’, ‘caring’. We believe that […]
GST Autoleather explained yesterday how it ended up with 200 million USD of debt: downturn of the market and impacts that services such as Uber have had on the industry. Yet, according to news coming from the Unites States, there seem to be other reasons why the US-based group is on the verge of bankruptcy. […]
Kenya’s government can’t get enough of protectionism. At the presentation for the leather cluster’s economic development (period going from 2017-2022), government officials explained that, starting in mid-2018, a fiscal exemption on raw and semi-finished hides may be approved by the government. Opposite to that is the thought on exports. In fact, Nairobi’s government plans on […]
Government imposed restrictions on illegal slaughtering of animals by tanneries has had an immediate and dramatic effect on leather exports. “H&M and Inditex (Zara) have reduced orders’ amount, as they fear our factories will have difficulties in getting the materials”, said M. Rafeeque Ahmed, one of the main shoe-makers in Chennai to the local press. […]
The check for 11 million Euros is for continuing to grow. Mayhoola For Investments bets on Anya Hindmarch, British brand of leather goods, which has recently extended its offerings to include footwear. The amount seems (or rather is) fairly small compared to what the fund has given to the brand Valentino. But it is a […]
An edition full of confirmations, consolidations, and good feelings related to both market and style. The 93rd edition of Lineapelle, international Leather Fair (Fieramilano Rho, Oct. 4-6), gives out positivity for the future of the supply chain. The visitors, of 113 different countries, increased in number by 2%, surpassing 21,500 in total (21,687 to be […]
Coach no longer wants to be perceived only (or for the most part) as a brand of leather goods. The premium US brand wants to be perceived as a maison able to offer a wide variety of products: “a brand lifestyle, as we are already are in China”. Joshua Schulman, president and Ceo of the […]
Robert Clergerie opens a new boutique in Paris. And how does he celebrate the event? With a new line of sneakers called Collezione 326, designed by his new creative director, David Tourniaire-Beauciel, who has been holding the position since the past June. The new boutique, which will open on the famous Rue Saint-Honoré, street number […]
US distributors and retailers organized a conference in Raleigh, at the College of Textiles of North Carolina State University. Topic of discussion: Innovation and the development of new materials for shoes. Outcome of talks: shared opinions on the necessity to innovate, almost an alarm. To have a future, they say, the footwear industry must follow […]
The decrease should be somewhere between -10% and -20%, for a turnover that was 1.6 billion USD in 2016. 2017 exports for the Turkish leather industry will close deeply in red. According to market data collected by leatherbiz.com, the negative trend for the industry is also due to an unusually long summer. The prolonged period […]
Day two was positive as well. Good vibrations on day three: fewer visitors, fully-detailed meetings then. Exhibitors at Lineapelle93, leather and materials international fair, on the agenda on the last day today at Fieramilano Rho, keep feeling optimistic about buyers and visitors showing up in the stands. “All of our traditional customers are back, yet […]
Fresh energies, passion, ferment in the air. And new incoming challenges. Lineapelle93 visitors see and say that Italian and international leather manufacturing wants to gear up. “Retailers are urging us – say two product developers from a mid-end footwear group -. Possibly sell-in is still a bit disoriented: we found it out on the last […]
A dominant, preferably unique and high-impact item. That’s what visitors have been looking for at Lineapelle93, in the trend areas, located at halls 13, 15 and 22. “We would like to develop our own trend for bags, still we are also keen on footwear”, point out Agneta Berg and Ase Hjelm, two young fashion female […]
Turnover goes slightly down, profitability goes up. One more good year for Gruppo Mastrotto di Arzignano (Vicenza), as their consolidated revenues at the end of 2016 amounted to 451 million euros (462 millions in 2015); likewise over the last twelve months profitability has increased, as consolidated EBITDA has moved from 9,5 up to 10%. A […]
Removal of hazardous chemicals waste in tanning, footwear and textile industrial processing is the aim of Zero Discharge of Hazardous Chemicals (ZDHC), the project implemented by the namesake foundation. The programme was presented at Lineapelle93 yesterday, along with the roadmap and tools put forth to the 70 parties engaged in the project, among whom UNIC […]
Lineapelle 93rd edition comes to an end. Yet, the Italian tannery fair representative keeps up. Once again Lineapelle proves to be the leather fair international leader as they schedule two previews: Lineapelle London, on the agenda on January 23, at Ham Yard Hotel, a perfect chance for manufacturers to make new connections with the British […]
GST Autoleather has applied for Chapter 11, that is receivership in the USA, at Delaware Bankruptcy Court. The US automotive leather giant has signed an agreement with creditors to get 40 million dollars for daily operations. “We have discussed all options with our advisors – commented Ceo Dennis Hiller while facing journalists – and we […]
Call for papers is due on 20 December: by that time innovators who want to take part in next convention set up by UITIC, the international association of footwear specialists, will submit their works. By 30 January the scientific board will announce the list of speech participants. Next rendez-vous then in Porto, 16-18 May, 2018. […]
Recovery is ahead of us, slightly though.That’s the feeling you get while wandering across Lineapelle93 aisles, walking around the stands of over 1,200 exhibitors. “A few good vibrations”, says Roberto Moroni from the Italian tannery based in Castelfranco di Sotto (Pisa), as he “emphasizes that footwear seems to be the recovery leader”. 2017 has been […]
