Borders reopened and the zero Covid policy stopped in conjunction with the Chinese New Year (22 January). Observers now expect positive effects for the leather and meat markets in China from the resumption of social life. These are the first cautious considerations when reading The Sauer Report about the 2023 horizons of the local tanning […]
Change at the top of Royal Smit & Zoon. The CEO of the Dutch tanning chemicals group, Hans van Haarst has resigned with immediate effect. Group owner Marc Smit will take over the role. The company’s official note does not specify whether Smit will fill the role on an interim basis pending the appointment of […]
Tod’s invests 15 million euro for a new leather goods site. It will be opened in Pontassieve (Florence), in the Le Sieci fraction. The location is extremely close to that of “partner” LVMH, as the conglomerate also plans on building a new leather goods manufacturing site. Once at full capacity, Tod’s will employ between 200 and...
It’s not beauty. You won’t believe it, but the first thing the people at Hermès pay attention to when selecting leather is structure. Because an accessory from the maison must meet high aesthetic requirements, certainly. But, above all, it must last, because the customer expects it. Priorities As Emmanuel Pommier, CEO of the brand’s leather...
Japan and leather: a binomial on which Pitti Uomo focused in the edition that has just ended (and also in the past). Since 1986, JLIA (acronym for Japan Leather and Leather Goods Industries Association) has been promoting and developing Japanese footwear and leather goods. In Florence, it was represented by 6 brands: Kado-Press, Kanpekina, Numero...
Time is not Marco Bizzarri‘s ally. The reconfirmed (by Kering’s top management) CEO of Gucci must begin (and quickly) to write the brand’s new chapter, from a creative and strategic point of view. The void in the creative direction weighs more heavily on Gucci than on other competitor brands that are more focused on a...
A Men’s fashion worth of a standing ovation. The thirty seconds of applause that celebrated Giorgio Armani‘s creations at the end of his Milan fashion show speak for themselves. They are a symptom of an appreciation (almost reverential) for the designer’s sartorial mastery. Milan Men’s Fashion Week closed (on 17 January 2023) decreeing the prominence […]
China slows the quarterly results of Richemont and Burberry (even with the latter’s leather goods segment continuing on its positive trend). All the while, LVMH is getting closer to publishing its 4th quarter data and reaching new highs on the stock market. Financials disclosed by Richemont and Burberry have put in black and white the...
The 100-million-revenue club. For many fashion (and footwear) brands, the goal for 2023 is to surpass the revenue-mark. For some, it’s a come back into the latter, after the losses caused by the pandemic and for other brands, it marks the achievement of a growth objective that took years. Yet, it’s quite the success, given...
“A return of formal wear? I don’t see such high demand”. That’s the comment of Pasquale Morgese of Mofra Shoes (Barletta), present at Pitti Uomo with the 2star brand. Mofra (35 employees) closed 2022 with a revenue of 50 million euro, up from 2021. The company’s export quota is 10%, while 60% of the revenue...
Graziella Braccialini, the gold-fashion union is served. Five years after the Florentine leather goods company was acquired by the Arezzo-based Graziella Holding group, a new and unique brand is born. A “Luxury Division” that will include a production department specialising in gold jewellery and bijoux at the Arezzo headquarters. Together with specialisation in leather goods...
Bikkembergs’ plans include shoes to make inroads into the US market and bags to develop the women’s market. Dario Predonzan, General Manager of Levitas, explains the progress and strategies of the Bikkembergs brand. Levitas has its headquarters in Milan and is under the control of the Chinese group Modern Avenue, which owns and manages the...
Leather confirms its leading role in the fashion universe. This was also demonstrated at the latest, recent edition of Pitti Immagine Uomo, held last week. In Florence, it was seen declined in multiple solutions that know how to satisfy a transversal clientele, with leather clothing attracting particular interest. Clothing that, therefore, maintains its (current) dimension […]
Jonathan Anderson Loewe hit the bullseye with its leather bomber jacket. Celebrities that have worn it (and Instagrammed) include: Kendall Jenner, Hailey Bieber, Taylor Russel and Lori Harvey. It costs 5,900 euro and, according to the press, stocks are running low due to high demand. The product managed to bring back the bomber-jacket shape as a versatile item properly revisited in leather. Loewe’s leather bomber […]
Thirty million dollars. That is the 2022 turnover of Christie’s handbag and accessories division. The handbags market is going strong and the auction house is setting a record. Who knows whether in 1978, when it entered the industry by selling a Coco Chanel handbag, they would have thought at Christie’s that leather goods would turn...
Leather and Hide Council of America (LHCA) has published the last report of its export on raw hides and semi-finished hides. The first 11 months of 2022 show an 11% decrease in the number of raw hides exported and -8% in terms of value, against 2021. In terms of prices, between January and November 2022, […]
Tanning operations in China. Simona Tanning (in photo) and Teh Chang Tannery announced a joint venture called Simona TC Company. The alliance will allow the two tanning groups to develop operations in China, Vietnam and Bangladesh, with a production capacity of 80 million square feet per year. The focus of activities will be on the footwear segment. Joint […]
Expectations are high and the crowds at Pitti Uomo tell of the sector’s hunger for growth. Everyone wants “a place in the sun” in the world of luxury, competition is fierce especially at the top end of fashion, but men’s fashion is a fertile ground where business can blossom. It is worth investing in it: […]
“The cautious optimism signs are being overshadowed by concerns over costs’ increments and the situation in China”. That’s the summary of the first 9 months of 2022 presented by the president of Assopellettieri, Franco Gabbrielli. During the considered period, Italian leather goods surpassed the levels reached in 2019, the year that proceeded the pandemic. But, as...
Two challengers for Minerva Hub: Investindustrial and San Quirico are allegedly the investment funds close to enter the capital of the luxury production hub. The goal is to widen the dimensional growth of the company (which will soon communicate its latest acquisitions) and accelerate its development. Rothschild (investment bank charged with exploring the market for new shareholders) appears […]
