Richemont’s fashion brands grow, but at a slower pace than jewelry ones. The Swiss group closed a solid first quarter (April-June), but not a great one. Growth and revenue were below the analysts’ forecasts. Sales were down 4% in the USA, while China increased 32% and jewelry as a segment performed well too (+19%). “Good, […]
The age of greenwashing is coming to an end (one hopes). Because in the meantime, the age of greenhushing (of discretion on sustainability issues) is asserting itself. The Washington Post coined the new expression when observing the transformation taking place in the fashion industry (and beyond). Before, brands and investment funds flaunted green goals and...
Born during the pandemic, they now seek success in the male domestic wardrobe. They are Haus by Everton slippers, made of Italian leather. After launching them on the market, the founder, former Canadian Olympic athlete Everton McDougall (pictured), is fine-tuning the brand’s business. Having defined production, he is shifting the focus to distribution and sales....
It’s called LEAF Hardware. It’s “the first certification allowing the measurement of the environmental impact of metal accessories for the fashion segment via indicators able to calculate their sustainability levels”. The certification was developed by Fondazione Leaf, founded in Florence “to promote the ethical, environmental, social and economic values of the luxury segment”. LEAF The...
It is the USA that is holding Burberry back, but at the same time launching Brunello Cucinelli. Both, however, are making important progress in China (which, however, has a relative weight in the Italian brand). Cucinelli confirms that it is a brand on the upswing. Burberry recorded a good quarter, also thanks to leather goods....
There is something mocking in the circumstance that the biggest problem of start-ups presenting themselves as champions of environmental sustainability is economic unsustainability. Business of Fashion, investigating the reasons for the unexpected stoppage of Mylo, Bolt Threads’ mushroom fabric that suspended production due to financial unavailability, identified the Achilles’ heel of the entire sector of...
Between sustainability and finance, Gabriela Hearst chose the former. And she has immolated herself, so to speak. To increase Chloé’s revenues, she would have had to “soften” her positions, considered too intransigent in the face of “green”. Like the one concerning the outright refusal to use so-called vegan materials. “The idea that vegan shoes are […]
Tod’s confirms the farewell to Walter Chiapponi. 22 September will be his last day at the creative direction of the brand. The designer will leave the brand after the Women’s collection fashion show in Milan. Who will be the successor? From the group they say “that it will be announced over the coming months”. It […]
New investments for leather goods in Tuscany. Fendi wants to open a new distribution and manufacturing center in Serravalle Pistoiese (Pistoia). It could be ready by 2024 and should employ about 200 people. Desa wants to get to hire 100 people as soon as possible to bring the new leather goods’ plant of Poppi (Arezzo) to...
A 5.5 million euro investment for a new distribution center, all while the new total-look brand Mordecai is being launched. Big news for Morelli Holding, pool of Empoli-based companies born in 2020 which operates in the production of leather and textile accessories and apparel for high-end fashion brands. The group also includes Pellemoda, specialized in...
Crafted Society strives to safeguarding Italian artisanship. Brunocenere saved itself by becoming small enough to be unique. Dutch Martin Johnston founded Crafted Society in 2015 with his wife Lise Bonnet (in photo on the left). While Italian-born Giorgio Cenere (in photo on the right) is the owner of Rising Pelletterie. The two have different styles...
It will be a hot summer for the footwear segment around the world. Birkenstock allegedly plans for an IPO in the USA, while in France Heschung has a new owner, after Clergerie. In Italy, OTB continues to court Gianvito Rossi, and manufacturing entities such as Gruppo Florence are ready to welcome new companies in their...
The importance (and sustainability) of leather for Joanne Crevoiserat, CEO of Tapestry, parent company of Coach, Kate Spade and Stuart Weitzman. In an interview with WWD, Crevoiserat lists the US group’s efforts and commitments to increase sustainability. Tapestry says it is exploring polyester, recycled nylon and organic cotton. It says it has invested in Generation...
Luxury’s sustainability effort is moving in both social and environmental directions. This is confirmed by the latest two results (achieved and announced) of Gucci, flagship brand of the Kering group, and LVMH. Which are committed to women and water consumption respectively. Gucci for women Bureau Veritas has recognised Gucci’s certification, to which the brand has...
Light and darkness over the first quarter of Italy’s footwear segment. Comparing it to the same period of 2022, revenue increased (+13.6%), along with the growth of the value of exports (+16.1%) and a trade balance of +21%. The internal market also performed well, growing 8.2% on yearly basis. Yet, the scenario isn’t all rosy....
100 Rubles for 1 euro. A new hit for business towards Russia, because if the oscillation is temporary the impacts will be limited, but if it was to persist or worsen, the repercussions would be dire. For example, generated revenue would decrease and the amount of unsold products would increase. A delicate situation that impacts...
Velasca is anticipating production. And it’s just the first move to quadruple turnover: from 25 million in 2023 to 100 million in 2028. Exports are now 40% of revenue, with the USA and France as the two leading destinations. The company founded in 2013 by Enrico Casati and Jacobo Sebastio now has 90 employees. Today...
The need remains the same: making things clear, as well as building, step by step, a “convincing narrative” for what is the green DNA of Italy’s tanning industry cited by UNIC – Italian Tanneries’ president Fabrizio Nuti (during the last annual assembly of the association). To do so, UNIC was among the speakers of Phygital […]
A new tanning alliance and a project launched in the name of calfskin and lambskin. A joint venture involving a French tannery owned by Chanel, a Tuscan group specialising in vegetable leathers and a raw material trader. Gruppo Volpi and Tanneries Haas join forces with Italian trader Campelli, and creating a joint venture called Volfoni....
In Brazil the tanning and livestock industries have signed a green cooperation deal that allows them to work on joint objectives. The underwriters were CICB, the association that represents the tanning industry of the country, and ABIEC, the association representing exporters of meat of bovine origin. Green cooperation deal CICB and ABIEC have stated they […]
