The duty on the export of raw or semi-finished leather at the moment is 15%. But the Indonesian Association of Tanners (APKI), which through the words of its president complains that it works only 40% of its production potential, asked Jakarta’s government to raise tax duties . The tariff barrier, introduced to facilitating the supply […]
Another episode of the tragic saga of Savar ’s tannery, the new Bangladesh tanning district in which companies that have been affected by the Hazaribagh and the Buriganga river pollution disaster should have been moved 15 years ago. The last deadline for the move is this 30th of December but, according to our sources, the […]
The Zimbabwean government is forced to take a step back. Two years after the introduction of the tax on leather exports (75 cents per each kilo), the African country has started granting tax relief to sevens exporting companies which together represent – according to 2012 estimates – 30% of Zimbabwe’s foreign sales (1500 tonnes for […]
In October, exports of finished and semi leather increased by 2.3% in value year on year, with revenues amounting to 161.9 million dollars (152.2 million euros). According to figures given by the Ministry of Development and Industry, foreign sales in the same month were down 10% in volume. But for José Fernando Bello, president of […]
Argentina’s economic trend for the leather sector remains in a difficult and worrying position. Because of the shortage of orders, many tanneries and many shoe factories have anticipated the summer break in mid-December. In some cases, factories will be closed until the end of January. It’s very likely that, during this period, salaries to employees […]
All Saints increased profits thanks to its ‘Capital Collection’ line of bags, supported by an expanded range of knitwear, coats and leather jackets. Sales for the year up to the 30th of January rose to 252.5 million pounds (about 293 million euros), an increase of 9% over the previous year. Sales in the UK rose […]
In the first nine months of 2016, the turnover of Salvatore Ferragamo (1.014 billion euros) recorded a slight decrease compared to the same period the previous year: -0.7%. The figure for the third quarter was positive (304 million, + 1.7%), but below analysts’ expectations. Milan Stock Exchange has today received the news of a fall […]
The 17th of November has seen the end of this year’s edition of METS – Marine Equipment Trade Show in Amsterdam METS is the most important international fair for members of the accessories sector, subcontracting, materials and components for recreational boating. Leather, of course, played a big part in the show. After the good results […]
For some company, entering shoe and leather goods business has been a solution. For others, a vain attempt to revive their accounts. French fashion house Parakian (brand: Parakian Paris and Anathea) belongs to this second group and the company has requested the composition with creditors. Nothing served the renewal of the management and, simultaneously, the […]
The administration of Northampton, a British city with a considerable industrial past, and the local University have made a proposal to the Town Hall for the construction and the creation of an international centre of excellence dedicated to leather and a Leather conservation centre. If the application were to be accepted, it will follow the […]
Profits of + 20% that reached to 113 million euros, above market forecasts. The delivery of cars in the “High-End” sector and of 8000 units by the year are on the horizon, as well as the achievement of one billion euros EBITDA (EBITDA). “Our quarter performed as predicted. I don’t have any news for you.” […]
Automotive sector continues to reward Arzignano’s tanneries. The last positive news arrives from Dani Spa which, for 2017, has already scheduled several new and important projects in the segment of car interiors. “To meet these new orders we will have to assume, in Italy and abroad, about 500 new employees.” declared Dani spokesperson. This operation […]
In the early hours of the 4th of November 1966, Tuscany was awakened by a disastrous event that changed the fate of the entire territory and marked indelibly the life of those affected, as well as all businesses focused on leather. Remembering the 50th anniversary of what is known as “The Great Flood”, our staff […]
This 7th of November it was the turn of a group of 12 Indian designs students to visit Fashion Studio Lineapelle. The group, who’s in Milan for a month as part of a course organised by the Laureate International Universities network and Domus Academy, discovered features and secrets of Italian leather. Yesterday, instead, it was […]
The US company has launched an exclusive collection for men, 100% Made in the UK (MiUK). Called MiUK Surplus Pack, it’s a limited edition of some of their most iconic models – 1500, 670, 575, 576 and 577 – along with a brand-new silhouette created for the anniversary, the 991.5 – with only 1906 pieces […]
“The greatest discomfort, right now, is for people” declared Marco Luppa, CEO of Conceria del Chienti, a tannery based in Tolentino (Macerata) in the Marche region, in the aftermath of Sunday 30th of October earthquake. The quake did not affect Conceria del Chienti’s plant, but it definitely complicated the lives of its employees. “Out of […]
Hermès’ sales have increased in Asia of +8% (with Japan at +9%), in Europe by +7% and in America of +8%. The result is that Hermès’ turnover grew by 9% in the third quarter 2016 at current exchange rates, reaching 3.6 billion euros of sales in the first 9 months of the year. Star of […]
It was 2011 when French LVMH took over the Roman jeweller Bulgari, whose business also includes a division of high-end leather goods and accessories, through a tender. Five years later, after the successful operation, Consob (The National Commission for Companies and the Stock Exchange) has inflicted a fine of 850,000 Euros “for market abuse”. In […]
According to INDEC, the Argentinean National Institute of Statistics, 2016 has seen Argentine decreasing its consumption of shoes and leather accessories by over 30%. For example, INDEC has registered a shortfall of about 28 million unsold footwear or even no longer produced. Alberto Sellaro, President of the Argentine footwear manufacturers, labelled the situation as ‘horrible’. […]
In preparation for the holiday shopping season, some luxury retailers such as Nordstrom, Bloomingdale’s and Barneys New York, will put on their shelves a reduced selection of bags. Their aim is to “differentiate themselves from the competitors “considering that the offering has become excessively (and dangerously) homogeneous. “By reducing the variety of collections offered and […]
