Minerva Hub also takes over the Meccaniche Luciani Group. The hub chaired by Matteo Marzotto has now brought together 9 companies (but more are on the way), and will close 2022 with a turnover of over EUR 180 million, EUR 50 million EBITDA and a 15% net profit. During the press conference held on Monday...
There is an industrial segment that, in terms of sustainability, “has a grand history to tell”. There is a university inside which a department focalized on innovation is operating. And there is a category association that launched a challenge for the international students that frequent the school. UNIC – Italian Tanneries promotes the initiatives, while […]
Natural leather on the red carpet of Wakanda Forever. The collaboration between US designer Jonathan Cohen and bio-tech company Evolved By Nature gave life to a collection of leather dresses that put innovation and sustainability at the top. But there is more: one of the leather dresses designed by the New York-based creator ended up being worn by Hollywood star […]
Examination successfully passed. After verification of compliance with the required parameters, the Tuscan leather district can officially announce the renewal of its EMAS (Eco-Management and Audit Scheme). The tool is promoted by the EU “to encourage best strategies and practices in the field of environmental responsibility, shared by the public and private sectors”. It is […]
And thank goodness that an authoritative publication like Forbes is finally saying it too: “There is a problem with vegan misinformation on leather”. While “vegan”, whatever the manufacturers of materials and items that wink at that world may say, is not synonymous with sustainable. Vegan misinformation on leather Forbes is an American business publication. And, […]
First the November circular, where (finally) Textile Exchange transposes the international guidelines on animal material terminology and, in fact, defends the definition of leather. From whom? From those who abuse it, though not tanning, for the purposes of sly marketing. Then, the applause from the leather world, which in turn defends the technical terminology with […]
Handbags are pushing Versace beyond expectations. So much that “Our goal is that of repositioning Versace as a top luxury brand in the leather goods segment”, says the CEO of Capri Holdings, John Idol, to analysts. “In terms of profitability, we are about 18 months early compared to our initial forecasts”, continues Idol, saying he...
The booming leather goods market brings joy to all. Aeffe’s “leather goods” division is growing at a double rate compared to the apparel one. Richemont, where the business area is tied to the fashion system, recorded growth superior to the watches and jewelry ones, with Delvaux leading the way. And then Tapestry: it’s core business...
Malone Souliers launches its first handbag collection. And it is made in Italy, as are the shoes. The British luxury brand has crossed the boundaries of footwear to expand into the lucrative territory of leather goods. Its offer consists of timeless items that the brand combines with shoes. The collection comprises four models, available in […]
78% of the production of the top 15 luxury groups is made in Italy. The percentage for leather goods is 80, and it’s worth 7.8 billion euro (with 800 million euro worth of raw materials). For footwear it’s 77%: 2.3 billion euro and 500 million euro of raw materials. It’s a segment that must be...
Gucci and Prada need to reinvent themselves to compete. With handbags at the center of their strategies, say analysts. Kering’s admiral brand is looking for a higher positioning: less fashion and more classic items. While the company led by Miuccia and Patrizio Bertelli must become stronger in the leather goods’ category if it hopes to reach...
Ferragamo in the 9 months of the financial year grew in double figures and by virtue of its performance sees a rosy future ahead. “I am particularly satisfied with the impact of the Spring-Summer ’23 collections,” says CEO Marco Gobbetti, “as well as the success of the Fashion Show, which makes us confident about accelerating […]
Stefano Ricci explains the ultra-luxury market. The one formed by millionaires and billionaires who don’t bat an eyelid at a $40,000 exotic leather jacket. “Many of our customers don’t feel comfortable when they go into other shops because they are not super cool or can’t find their size,” says Niccolò Ricci, CEO of the brand […]
Florence Group without limits. “We are not stopping. We will buy more shoe factories on the way and leather goods factories from 2023,” announces CEO Attila Kiss, in the aftermath of Taccetti shoe factory joining the cluster. Kiss notes how requests from companies to integrate are increasing and explains how the selection process takes place. […]
LVMH Métiers d’Art lands in Japan. The French giant has created its Japanese subsidiary, entrusting its head to Emina Morioka (pictured). The structure will cultivate the Asian country’s craftsmanship and know-how, and promote its connection with luxury brands. We can therefore expect a repeat of the operations carried out in Europe by Métiers d’Art, founded […]
Fixo joins MTW Holding. A new operation in the accessories’ segment in service of fashion and luxury industries. Fixo, headquartered in Campodarsego (Padova), is specialized in the prototyping and production of metal decorations and accessories. With this operation, the focus on the accessories’ segment continues. Fixo joins the group controlled by Dbag, active in the […]
From 6 to 18 November, COP 27, the UN climate change convention, is being held in Sharm el Sheikh. And there can be no summit on green policies for the planet without the great of the earth having proper consideration of the role of tanning. This is why ICT (International Council of Tanners) publishes its […]
Paolo Magri provided an observation that could be a common denominator for all content presented during Assomac Annual Assembly, which took place on November 4th inside Milano’s Triennale. During his speech, the executive vice-president of ISPI (Istituto per gli Studi di Politica Internazionale), said that “with all that has happened over the last 15 years,...
Kering also rejected the Higg Index. “We think it’s not adequate for the luxury segment”. The tool was utilized by many brands, members of SAC – Sustainable Apparel Coalition, which is the entity that created the Higg Index. All was considered “valid” until last June, when the NCA – Norwegian Competition Authority stated that the index […]
Let’s put it this way: vegan marketing is liked by vegans when it’s used as a blunt instrument against traditional industries. Yet, they no longer appreciate it that much when it’s aimed against them. The analysis by Business of Fashion of the concerns of producers and users of alternative materials is a clear example of the […]
