L Catterton (LVMH) adds 15 million euro in Etro’s capital. The capital injection was made necessary after the losses recorded in 2022: 23.6 million euro out of 282 million of revenue. The decision was also forced by the decision to merge it with Nuova Publitex. From the documents, there appears to be a misalignment between […]
Gone is the season of the mini bag, accessories so small that they contain only the bare essentials. On the catwalks for spring-summer 2024, the new trend of the season has emerged: capacious, oversized bags, full to the brim, scratched or worn, in stark contrast to the rigidity imposed by discreet luxury. The new fashion...
The complexity of the leather segment and that of the current market conditions. Conditions launching challenges for the industry, and demanding well-defined priorities. Such as sustainability ones, given the urgency with which these need to be faced and the tools required. We discuss this matter with Chiara Mastrotto (in photo), president of Gruppo Mastrotto. The...
Debunking is the term used in journalism to “demystify” a topic on which a lot of misinformation circles. It’s what The Guardian wanted to do regarding the Dublin Declaration, the document signed by over 1,000 scientists from around the world regarding the sustainable level and social utility of the livestock industry. Too bad the British...
“We don’t feel any slowdown. In the last two years, we have doubled”. The words of Laura Nardi (centre, pictured), a member of the board of directors of Bianchi e Nardi 1946 (Scandicci) along with Gabriele and Giulia Bianchi and Alessandro and Andrea Nardi, sound discordant in relation to the current slowdown. “We had grown...
“It is more difficult to produce than to sell”. This is why Philippe Montagne moved from France to Italy to produce his travel luxury accessories. Passionate about art deco and travel, Philippe founded the brand MPM in late 2022. “Because there are very few brands in travel luxury. The first goal of the French at...
“We want to keep growing, in a balanced way, further widening our product portfolio. There will be new entries and we will continue on this path. Not just leather, but high-end textiles too are of interest to us”. That’s what Matteo Mastrotto, CEO of Rino Mastrotto, said during an interview held during Lineapelle. And so...
Two hundred million euros from the LVMH group to buy Leo Shoes. This, according to a series of news reports carried by Mergermarket, a financial information group controlled by the Bc Partners fund, is the investment that Bernard Arnault is ready to put into play to take over the majority of the Salento-based shoe manufacturer,...
Rimowa (LVMH) will launch a leather suitcase. Founded in 1898 as a saddlery shop, the brand shifted to manufacturing suitcases later on. They were made with leather until the 1930s, when it introduced aluminum. Material that, throughout the decades, became a brand staple. On Thursday, November 2nd, Rimowa looks back to the past and will […]
They say the Arnault family plans on brining Louis Vuitton from a revenue of 20 billion euro (today) to 30 billion euro. LVMH doesn’t publish the results of individual brands, but according to analysts, even with the industry slowdown, the admiral brand is growing at the same rate as the leather goods’ division. That means...
After two years of waiting and procrastination, Phoebe Philo‘s first collection has arrived. The style is the designer’s usual: classically cut dresses, broad shoulders, tight trousers, some extravagance. Such as an asymmetric skirt embellished with fringes and leather jackets (lots of leather), embellished with high shoes and accessories with a British flavour. The first collection...
Hermès doesn’t need a star designer, a creative director making the news. It never had one nor ever needed one, even at a time when Louis Vuitton entrusts the men’s collection to a popstar (Pharrell Williams) and Gucci tries to get out of the shadow of Alessandro Michele. That’s one of the reasons why Hermès...
The market rewards the slow-fashion ethics of Peru-based Passeri. The “cobbleria” makes everything in Peru. Even raw materials used are local, including leather and textiles, both helpful to maintain the traditions of the Quechua population. “In the first 9 months of 2023, we more than doubled sales compared to last year, and Christmas is still...
The Argentine leather supply chain collects two pieces of good news. The first: the shoe industry has taken the first step to be considered “strategic”. Consequently, it will receive the support of the new government (presidential elections are underway). The second: Curtidor Industrial Park (PIC) in Lanús is nearing completion. It will provide better infrastructure […]
Even two thousand years ago, there were luxury shoes. This is proven by the discovery of a leather sandal at a depth of about 3 metres at the bottom of a well in Lugo de Llanera, northern Spain. The mud in which it was immersed preserved it very well, as can be seen in the […]
When getting a score on the matter of sustainability, the top performing company in Europe received a 7. A good score, but a lot more could be done, and it could be done better. When it comes to green transition, the improvement must arrive swiftly. These are the key takeaways from the second edition of...
“The government is not keeping in the fashion industry top of mind”. Carlo Capasa, president of Camera Nazionale della Moda Italiana (CNMI), calls out the financial maneuver for not including the fashion industry. And there is also no sign of the of the 12 proposals presented by Capasa (in photo) to the minister of Made […]
Sabato De Sarno (pictured, left) remembers well that impressive moment, the one from which the creative process for his first Gucci collection started. “I started from an archive Jackie”. On 21 October, Rome hosted Forces of Fashion, Vogue event on the voices of fashion, their experiences and inspirations. Many designers were present, from Maria Grazia...
The comparison is between two symbols of the fashion world. On the one hand, Dior’s Book Tote, designed directly by creative director Maria Grazia Chiuri. On the other, Fendi’s Peekaboo (which turns 15 this year). A bag created by the current designer of the men’s line, Silvia Venturini Fendi, together with Karl Lagerfeld. Years of...
Luxury slows down and selects suppliers who are called upon to invest in order to meet the parameters and demands of the brands. In a highly competitive environment, Desa is emerging and pushing the investment of the leather goods factory in Poppi (Arezzo). “By the end of the year, 65-70 people will be working there,...
