Farfetch is saved by Coupang, Corea’s Alibaba, which has saved the group from bankruptcy. Meanwhile Wolverine Worldwide continues to cut costs and transform its activities. That’s why it sold the Asian business of Wolverine Leathers to one of its suppliers, Interhides Public Company Limited, for 9 million USD. Two operations forced by the decreasing consumption...
Milestones and new green goals for the French luxury giant. LVMH took stock of its green progress to date and launched a new supplier-focused environmental impact reduction programme. Bernard and Antoine Arnault presented the group’s plan of action at a special event entitled “Life 360 Summit”, organised at the Paris headquarters of UNESCO on 14 […]
There are important anniversaries in the history of a company. And there are times when one reaches, in terms of age, such a significant turning point that it becomes necessary to stop, observe the (long) road travelled, and map out the direction to be taken in the future. Celebrating 100 years in business is, without...
The Marche region is investing 3 million euro in the leather chain of Tolentino (Macerata). CTC – Conceria del Chienti received 2 million euro in funding to renew the manufacturing site, while the overall investment amounts to 15 million. Another 934,000 euro contribution goes to Poltrona Frau, which has moved to Montegranaro (Fermo) with a...
French group CTC – Centre Technique du Cuir has taken control of Ars Tinctoria. In December 2021, CTC had announced a partnership with the Tuscan company to be supplied by chemical analysis. Now the decisive step has been made, with the creation of a new company (CTC Ars Tinctoria) which expects to grow revenue by...
An open-day to show the company to “friends and press”, but most importantly to the 400 students of the schools ISIS Gaetano Filangieri and IPIA Niglio di Frattamaggiore. That’s because Angela Capezzuto, owner of leather goods manufacturing brand Angela (two sites between Arzano and Frattamaggiore, Naples), believes that opening the doors to young workers allows...
“We are invisible, but reacting to the crisis is possible”. The leather goods industry in Campania is also affected by the abrupt slowdown and the reduction in orders from luxury brands. Ornella Auzino, at the helm of Rica leather goods factory in Casoria (Naples), explains in this interview her strategy to resist, and how to...
[sponsored article] That of leather, is the core business of most of the big luxury brands, coming to represent up to 70% of their turnover. The Italian leather supply chain is the only one that encompasses, at the highest level of excellence, the entire value chain in a single territory, within specialized districts. This aggregate […]
When speaking to the Financial Times during an event in the UK, Bruno Pavlovsky calls for realism: “The luxury segment can’t always experience double-digit growth”. Chanel’s president refers to the international context (“complicated in all markets”), which isn’t favorable for the sale of high-end goods. It’s well known (and all research centers agree) that the...
A crackling end of 2023 for fashion seats. The rumours were ignited by Simon Porte Jacquemus (photo left, from Instagram) who posted a photo of Hubert de Givenchy‘s office on his personal Instagram profile. Inevitably, speculation started: will he be the brand’s new creative director? While people are struggling with doubt, it is Bulgari that...
Discussing China is never easy. First because it currently is and will continue to be the one making the difference in many geo-economic equilibriums, starting with that of the luxury industry. Second, because each consideration and feedback risks of not being able to know how exactly the trend is. Let’s take as an example the...
With Europe and the US slowing down, the Asian market is gaining importance. In particular, the growing presence of Chinese tourists and the weakness of the yen are fuelling luxury sales in Japan. Meanwhile, Hong Kong, after years of suffering and thanks also to Louis Vuitton’s show (and soon, Dior’s), is back in the spotlight....
Luckily some interviews are nothing more than an exercise. We trust the fact that the latest statements from Stella McCartney will remain in the wind, as the former calls for global duties on the international trade of leather products. Yet, we are always shocked to see public opinion (press, journalists, organizations, etc.) listens to the […]
Too many expenses for too few members. The University of Northampton has decided: it is closing the Institute for Creative Leather Technologies (ICLT). That is, the Institute for Creative Leather Technologies Research and Enterprise. The academic year 2024/25 will be the last. The university will establish a protection plan for already enrolled students. Four years […]
“In 2017, the debate was binary: should we view leather negatively because it is linked to animal husbandry?”. Alice V Robinson, an English graduate of the Royal College of Art in London, decided to take a cultural and entrepreneurial route to explain that the answer to the question does not lie in Manichean positions, but […]
Horizontal consolidation and vertical development. Bruno Conterno, CEO of Nice Footwear, outlines the future of the company that has 7 business units in Italy and abroad. It employs around one hundred people and closed its last financial year (to 30 April 2023) at 46.9 million euros (+43.1% over the previous financial statement). On the sidelines...
“A peach shade somewhere between pink and orange. A velvety gentle peach tone whose all-embracing spirit enriches mind, body, and soul”. These are the definitions that the Pantone Institute has given of Peach Fuzz, the colour of the year 2024, explaining the reasons for its choice and how it should be applied in fashion and […]
The 28th edition of the Conference of the Parties on Climate Change (COP) closes on 14 December, so there is still time for final assessments. But, in the meantime, one political fact stands out. On the one hand, Dubai is rehabilitating fossil fuels: the Emirate, which is organising the event, has taken advantage of it […]
It’s clear that Elon Musk is a bit confused on leather. The entrepreneur has for years continued to bring forward his battle against leather car interiors: they are not going inside Tesla vehicles. But, he apparently really enjoys wearing it for the look it gives him. Elon should decide: he can’t make claims to the […]
The 10th Committee of the Chamber of Deputies (Productive Activities) approves the amendment. And the tanning industry re-enters, as clamoured for by those directly involved, the Made in Italy draft law. Silvio Giovine, speaker of the measure in the Chamber, expresses satisfaction. “The inclusion of the leather supply chain in the Made in Italy draft […]
