In light of poor market results, Volvo has decided to dismiss its 48% stake in Polestar. The market applauds the Swedish group, with a 27% rise in its share price, while punishing the “vegan first” electric mobility brand with -14%. Apparently, Polestar’s story is not yet in its final chapter. Majority shareholder Geely Group (which […]
There is something paradoxical in the criticism moved by Veja towards the European leather chain. And right away it’s to be said that the sneakers’ brand isn’t at fault, but the problem is rather tied to the debate over transparency of the value chain. While talking with Vogue, co-founder Sébastien Kopp explained he moved part...
Full-coverage monitoring for its direct suppliers. Creating a system to favor control over indirect ones. The launch of Full Traceable Leather to guarantee the origin of the hides across the entire chain. Minerva Leather, tanning division of Brazilian meat group Minerva Foods, is investing resources and making strives in favor of traceability. Traceability according to […]
The market needs novelty and stimuli. Lineapelle New York has now become the event capable of supplying, every 6 months, novelty and stimuli. And even when the period isn’t as positive, it pushes the market to restart. The edition held on January 31st and February 1st has shed light over the liveliness of the segment. […]
Italy’s fashion system is ready to face the challenges of Ecodesign, the regulation approved last July by the European parliament, which in December surpassed the so-called Trilogue. Yet, points out Annarita Pilotti (president of Confindustria Moda), the textile and accessories segments need different sub-sets of rules: “Textiles and footwear will be among the first to...
Durability and reparability are two criteria for defining a product as sustainable. The European Union has also sanctioned this with its anti-greenwashing and eco-design regulations. Well: leather bags are repairable, because leather is durable by definition. For years, more and more customers have been turning to leather goods repair services and, finally, even the generalist...
After being bought by LVMH in July 2023, Loro Piana is experiencing booming performances when it comes to leather goods. “Leather goods are our fastest growing category”, says the CEO of the brand, Damien Bertrand, to MFF. Even if handbags “aren’t the top product” (focus of the brand remain cashmere and wool), the success of […]
“Declining trainers? No, it’s just a period of change”. Mauro Di Liddo (pictured), CEO of Blackboard, the company that controls the Wushu Ruyi brand, analyses the trainers market. He tells us about fashion trends, collaborations, new players, investors and counter-trend financial statements. In other words: while trainer sales in general are growing less than in...
No more greenwashing. The European Parliament approved a new directive with the goal of protecting consumers from unfair practices and help them in their purchasing choices. For example, companies will not be able to use claims “if they aren’t supported by concrete proof”, including “respectful of the environment”, “respectful of animals”, “green”, or “vegan”, “biodegradable”,...
A complex economic moment. Very complex. An eagerly awaited trade fair event. Highly anticipated. After the excellent London edition, held last Tuesday (23 February) yesterday in Manhattan Lineapelle New York opened the dances. Two days of exhibition (Wednesday 31 January and Thursday 1 February) with several objectives. First: to bring to the USA the first […]
The world tour of Italian technology in 2024 started in Pakistan and will end in Milan. Technology for tanneries, shoe factories and leather goods, represented by Assomac and brought to the fair by Simac Tanning Tech, defines a rich global roadmap. Objective: “Strengthen the competitiveness of member companies”. The global roadmap of Simac Tanning Tech […]
The normalization of LVMH carries potential for growth and limits, all welcome by the management. Financial data for the last quarter of 2023, similar to that of the previous quarter, confirms that the French holding is travelling below the growth trends of the 2020/2021 period, as the rest of the industry. LVMH’s management explains that...
Adidas is not giving in to animal rights activists and is holding firm on the kangaroo. After winning out with Puma and Nike, who have abjured kangaroo leather for football boots, veg activists have put Adidas in their sights, the last of the three sports giants to use it. According to the protests, Adidas uses...
From the small artisan to the big industry, the Japanese leather tradition is strengthening over time. Indeed, leather is the protagonist of production in the Land of the Rising Sun. For Eiichi Katsukawa (right, in the photo), it is synonymous with nature to the point of having launched the ReSHOES project. For Morita Konosuke (left,...
Being CEO of a trainer brand at only 19 years of age seems like a dream. And so it is for young Turin-based Federico Priarone (pictured) who, together with his family, has taken over Le Signe (previously owned by a Tuscan company), giving it a new life. The Priarones took over the trainers brand in...
“Using state-of-the-art technology to promote and remain true to manufacturing tradition”. This is the aim of the X3ME project by Bianchi e Nardi 1946: “It stems from the desire to create physical products and transport them into the digital world”. It is a capsule collection of accessories that, through a dedicated platform, will be customisable...
JBS Couros is currently capable of tracing 8,000 suppliers in Brazil. The leather division of the meat manufacturing giant has reached the number on January 30th thanks to the JBS Green Offices program, which allows for the socio-environmental regularization of agricultural companies making up the value chain (47% are small enterprises). The goal of JBS […]
LVMH is a record-breaking machine and a generator of dissatisfaction. Why? Quite simple. First: its latest financial statement is, as usual, insane. Second: its number one, Bernard Arnault (left in the photo), is never satisfied. So much so, that he has (re)made it clear that the French group’s only goal is to get bigger and...
China and leather goods are pushing Tod’s to record levels in terms of revenue. Preliminary data published y the Marche-based luxury group show a consolidated revenue of 1.127 billion euro or +11.9% on 2022 at current rates and +14% at constant rates. The performance of the leather goods lines (+16.6%) is better than the footwears’ […]
Increasing prices could cause a hard stop for the leather goods segment. The homes of wealthy consumers were filled with handbags in the past few years, but now that prices have skyrocketed, they may prefer to buy jewelry. Generally speaking, analysts believe luxury brands will perform better than others in the coming period, but they...
