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 […]
Dr. Martens’s profits are growing a great deal. British brand’s revenues increased by 25%, that is 290,6 million pounds (about 325 million euros) in the business year closing on 31 March 2017. Such speeding up was driven by their brilliant performance in the Asian markets, South Korea and Japan on top. Most remarkably in Japan […]
Rubens Bressanin is the man who’s supposed to revive French brand Stephane Kélian. The Venetian designer, who runs, along with Luciano Ferraresso, the Stra RubensLuciano studio, where they make collections for a number of brands, around 40, has been appointed, as art director, to relaunch the historic French brand which is currently owned by Groupe […]
The 48th edition of OBUV Mir Kozhi, the exhibition organized by Bologna Fiere and Assocalzaturifici, is about to open at Moscow Expocentre. It is due to close on Friday. 220 brands, coming from 12 countries, will take part in the fair which will house their collections on an area of about 4,800 square metres. There […]
Expectations are considerable: to manufacture 90,000 to 100,000 skins and 40,000 hides a year; to increase their staff from 90 (they started with 45) up to 160 units; to redouble their turnover in a few years. On Thu 12 October Kering Group has officially inaugurated their new factory at Tannerie de Périers, a tannery which […]
