In 2014, after the sanctions imposed by the international community, Moscow imposed a “temporary” blockade of wet blue exports – for a six-month renewable term – adding it to the bill on foreign national raw leather sales (500 euro per ton). The blockade, while being “temporary”, was extended until April 5, 2018. The decree, signed […]
Revenues on 6% (14.2 million pounds), net debt down by one million (from £ 10.1 million on December 31, 2016, to current 9.1) and gross profit margin attested to 23.6% (it was 22.7% a year ago). The first semester 2017 is good for Pittards, Anglo-Saxon Tanning Group and Leather Accessories. “We are confident that developing […]
Multicolored Marni fur, Perforated python leather dress for Salvatore Ferragamo, Versace’s ultra-versatile boots, Moschino biker jackets, Comics prints for Prada. The leather did not shy away from Milan Fashion Week. Tod’s and Bottega Veneta went even further making it the protagonist of their collections. Copious use of fringes, pairings of different leathers, exotic leathers to […]
“Using divine names with entrepreneurial greed to sell shoes is abuse, which hampers the Hindu religious feelings,” says Rajan Zed, Hindu spiritual leader, in a communication addressed to fashion designer Philipp Plein. Plein named after Ganesha Kali, the deity of Hindu religion, two models of footwear from the new collection. The news broke from the […]
The Institut des Métiers d’Excellence opens to leather goods. The LVMH high-school vocational training school will launch the course this year, going to joining three other new courses that are part of the 14 existing courses. On Thursday, the chairman of the LVMH’s group, Bernard Arnault, welcomed the fourth class of aspiring school students, which […]
The turnover is $ 9.1 trillion, in line with previous year’s results, but slightly below analysts’ expectations. Net profit ($ 950 million) is down 24% on an annual basis. The first quarter results of the fiscal year are not those expected. The North American market inflicted a terrible blow because of Adidas’s aggressive competition. Here, […]
The positive feelings of operators regarding visitors at theMicam are proven by the numbers, with 47,187 visitors they saw a rise of 5.6% in the number compared to the September 2016 edition. 27,880 visitors were foreign (+5%), and 19,307 Italian (+6.5%). Russia is pulling the weight, with 32% more visitors than the previous edition, and […]
“Many times one’s experience may very well be one’s worst prison. We are used to do things as we have always done them. Even more so if we have been successful in the past, states Marco Bizzarri to Italian newspaper ‘Corriere della Sera’ while explaining the necessity to change continuously. “The best strategy is to […]
Marco Gobbetti, Ceo of Burberry, announced during its brand’s fashion show, that an intensification in production (as well as various additions to the collection), is on the way for small handbags: “We have consolidated our product offering, regarding accessories; but right now, we have a great opportunity in an area that offers significant development for […]
The offers to buy were supposed to come in mid-September. And so they did, according to Bloomberg. After the announcement made by Jab Holding Co’s owners (Reimann family, and ex owners of Jimmy Choo), regarding their intent to sell Bally (Swiss shoes), it looks as if the latter will be bought by someone in Asia. […]
Materials’ export numbers decrease, but that of finished goods increases. This is the result drawn by CNC (Conseil National du Cuir) with regards to the French leather industry, and that paints a picture of light and darkness. Finished leather’s export loses 3% on average. At 48.6 million Euros in external revenue, leathers of bovine origin […]
NAFA (North American Fur Association) launches a campaign to further show its efforts in the sustainable supply chain for fashion. This campaign happens to be launched the same year in which Mulfur and Mipap created the high luxury prêt-à-porter portal. The North American leather auction house, which was founded in 1670, is promoting its traceability […]
An occasion to solidify the good work done in 2017, and one to establish a solid base for the future. Inside the pavilion number 10 of ‘Rho Fieramilano’ is Mipel (ending September 20th), international fair for leather products. This fair is now commonly conducted in the same period as the Micam, over 300 brands showcase […]
“The work of complex restructuring of all operating processes, with the aim of providing the group of tools needed to gain access to an increasingly competitive market, continues but not can still be concluded “Prada Group CEO, Patrizio Bertelli, accompanied the presentation of the financial statements for the first half of 2017. Within six months, […]
In the first five months of 2017, Italian footwear started with positive numbers in production (+ 1% in volume and + 3% in value) and in export (+ 3.5% in value and + 1.5% in quantity). These data indicate a change from the recent past. The export of leather upper footwear (about 50 million pairs […]
In the first five months of 2017, Italian leather goods grew thanks to the boom of exporting leather products. In the January to May period, foreign exports rose by 19.9% on an annual basis (989.7 million euros). This performance is the best in the industry average (+ 14.4%, for a total of 3 billion euros). […]
Comelz becomes American NB Renaissance Partners (NBRP, a private equity fund that is part of Neuberger Berman, a global management and investment company), found a majority stake in Comelz, Vigevano’s leading company in the production of cutting machines for the cutting- shoemaking industry and leather goods. The Zorzolo family will retain a minority stake, maintaining […]
The French tanneries Tanneries Pechdo change hands. Caroline Krug, a businesswoman with 12 years of experience in the LVMH group, with the support of an investment bank, found the majority of the company in which her capital came in 2014. Tannery, headquartered in Millau (renowned for gloves making), is specialised in the production of leather […]
Ultrasonic sound waves to check for invisible naked eye damage on the first tannin material (without compromising on integrity). It is the project to which the United States Department of Agriculture (USDA), the Agricultural Research Service (ARS), works with an annual budget of $ 1.1 billion and is committed to finding a solution for the […]
In India, Prime Minister Narendra Modi is told to be setting up a ministry for bovine, a promise already announced in the electoral campaign by the politician. To push for the introduction was Visha Hindu Parishad, a Hindu organization, that has long called for the ban on slaughter, consumption and sale of beef to protect […]
