Burberry aims to reach a revenue of 5 billion UK pounds in the long-term. It means (almost) doubling the 2.83 billion with which it closed its last fiscal year in March 2022. How? By doubling sales of leather goods, shoes and prêt-à-porter for women. This also means growing accessories’ sales to account for over 50% […]
Luxury pushed ICF – Industrie Chimiche Forestali towards record revenue. From about a 60 million euro revenue in 2020, the group headquartered in Marcallo con Casone (Milan), which also controls ABC, Durabond and Morel, surpassed pre-pandemic levels and closed 2021 with 76 million euro. For 2022, the forecast says 88 million. The costs’ increase eroded the margins of the […]
“The market continues to award us: up until now we have done well”, says Dior’s Pietro Beccari to MFF. The president and CEO asserts the good results of its last 5 years: “Beating records is in our DNA”. Even so, Dior fears a recession is coming. And that’s why it talks about caution, even […]
The leather goods factory in Tuscany. The shoe factory in the Marche. This collaborations with training institutes. It is no coincidence that Fendi, when investing, chooses Italy. What great international brand, after all, relies on chance for strategic choices. Nor is it simple localism: a Roman brand relies on nearby territories. Fendi’s pole star, explains...
For Francesca Bellettini, the premise is a must: the brand invests in the value of manufacturing. This is why she is proud of the operation for the new leather goods factory in Scandicci, and the expansion of the shoe factory in Veneto, planned for 2024. Nevertheless, YSL does not acquire suppliers, it does not participate...
Listening to Claudia D’Arpizio’s statements made on the stage of Osservatorio Altagamma 2022 (in photo), one detail stood out. The Bain & Co.’s Senior Partner utilized the term “dystonic” more than once. That’s because there is something wrong wand not coherent with the fact that, given war, inflation and pandemic, the coming period is likely...
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. […]
