Once again, acquisitions prove to be a cross-sectional dynamic in every segment of the supply chain, both upstream and downstream. The tanning technology sector also fits right into this trend. The latest case is that of Gemata (a leading supplier of industrial machinery for leather finishing), which has completed its acquisition of a majority stake […]
“I don’t work towards the next 5 years, but the next 50”. It’s what Patrizio Bertelli, CEO of Prada, said out loud. The future challenge will be of mixing the artisanal side of the business with new technology. He is also evaluating potential acquisitions of manufacturers within the territory. That being said, the majority of...
Hermès announces a new leather goods factory in Charleville-Mézières, ready in 2027. And it does so just a few days after the inauguration of bags’ 21st atelier in Louviers. The French giant has a busy agenda of openings. Two are planned for this spring: in Tournes (May) and Saint-Junien (June). While three other production sites...
Kering moves slowly and isn’t keeping up with competitors. Gucci’s performance reflects the analysts’ caution, while Saint Laurent does better than Bottega Veneta. Kering generated a revenue of 5.08 billion euro in the 1st quarter of 2023: +2% at current rates and +1% at comparable rates. Much below the 23% increase of Hermès and the +18% of […]
Financial results coming out one after the other. Piquadro and Zegna recorded solid performances during the 1st quarter of 2023. A result that Ferragamo doesn’t achieve, while Sergio Rossi shows slightly higher revenue in 2022, and its owner (Lanvin Group) increased revenue and augmented losses. Lastly, Mulberry announced to have closed the year positively, but didn’t supply numbers....
Gucci is among the fashion brands suspected of using unfair competition practices. Italy’s Guardia di Finanza and Brussels tax agency entered one of Gucci’s offices in Milan on April 18th. “The group is collaborating fully with the Commission in relation to this investigation”, said Kering in an official statement. The investigation began in May 2022,...
It’s a return. It’s a confirmation. But it is also something more. Italian leather together with UNIC – Italian Tanneries will once again be the protagonist at the next edition of the Green Week, centred in particular on the theme of water. In other words, as a note states, “the most important national event on […]
Bye bye Covid. Milan’s Design week, with Salone del Mobile and the related Fuorisalone spread throughout the city, crashes the pandemic and returns to grind out the usual fair colossal numbers. Over 300,000 attendees, 15% more than 2022 with a renewed international roientation. A dimension, the latter, that also saw Lineapelle in the front row, […]
For its 70th birthday, Pollini presents itself with a special capsule collection and a leather installation. Vittorio Pollini founded the brand, now part of the Aeffe group, in 1953. In 2022, the brand proved to be in good health. It closed the financial year at 36.8 million euros in revenues, +18% on 2021. For its...
After a troubled period of crisis, Curtiembre de Nonogasta is showing positive signs. The tannery, which was abandoned by the owners (when it was called Curtume CBR) and then nationalised, is not out of danger, but can boast growing work. And the possibility of reintegrating into the factory the workers, who are now still at […]
More than recruitment, Hermès cares about the quality of leather. For the maison, which has just opened a new leather goods factory in Normandy, finding staff is not a problem. Or, at least, it no longer is: the plan to open new factories goes hand in hand with training programmes, ensuring that the maison (unlike...
Breeding, fashion, food, future. The documentary Rewind is divided in four chapters. Four videos, each about five minutes long, that tell the story of the relationships between meat, tanning and fashion supply chains. And which explain the truth about the sustainability of leather. Indeed. Because, in order to respond to those who denigrate or defame […]
In the thorough revision of the Higg Index there is also the assessment of leather. “We are asking industry associations to help us fill in the data gaps that currently exist”, SAC – Sustainable Apparel Coalition tells us. In other words, the owner of the controversial tool for measuring the environmental impact of a product...
Mercedes has presented its first 100% electric SUV model. And in just one shot it shuts down years of vegan propaganda. Marketing offices have arrived at the idea that removing leather from electric vehicles sells the idea of sustainability. Tesla began the trend, Polestar (more or less) followed, Volvo joined. But Mercedes’ Maybach EQS SUV...
Synthetic interiors of automobiles could potentially be carcinogen, said the study “Observation, prediction, and risk assessment of volatile organic compounds in a vehicle cabin environment”. This research was published by Cell Reports Physical Science, and conducted by a team of Harvard and Beijing Technology Institute’s scientists. The object of the analysis are car interiors, space...
Three minutes and 14 seconds to look into Bottega Veneta’s atelier and the famous weaving design of the Kering-owned group. Craft in Motion is online: meaning the mini-document (fit to be digitally utilized) directed by Massimiliano Bomba. A sound and visual showing that tells the story of Bottega Veneta’s aesthetic, the vision of creative director Matthieu Blazy […]
A horse or bison bone dating 39,600 years ago. It was utilized a holed platform to make holes on leather worn as clothes. This discovery was made by the University of Bordeaux and made possible by a study conducted by Turin-born archeologist Francesco d’Errico and published by Science Advances. The discovery The bone comes from […]
What today is called “vegan leather” (ouch) is nothing more than the old “fake leather”. But vegan materials, that according to propaganda should be the answer to all environmental problems, have actually only solved one thing: the marketing difficulties of the plastic segment. For those that read La Conceria the topic is clear. But we...
Hermès is unbeatable and after the prolonged success with handbags, it’s also becoming a leader in the footwear segment (for which the brand manufactures, mostly, in Italy). Revenue went up 23% in the first quarter of 2023 (much higher than the consensus), with the prêt-à-porter and accessories division (which includes shoes), growing 34%. Leather goods,...
Fashion and leather goods were the superstars of LVMH’s quarter. During the 1st quarter of 2023, the division generated 10.7 billion euro in sales (about half of the group’s total). The outcome is an 18% growth (against the +11% forecasted by Stifel). “It’s incredible, in terms of growth”, commented analyst Louise Singlehurst of Goldman Sachs […]
