With an M&A operation that closed last August 1st, Masoni Industria Conciaria, Tuscan company partially owned by the LVMH Métiers d’Art group, acquired a minority position of Ulivieri & Nardi’s capital. “Growing together with the territory is one of the most relevant goals for us – commented Fabrizio Masoni, CEO of Masoni, in a note -. […]
Production flexibility. Emphasis on innovation, safety and quality. Annual bonuses for more than 1,100 employees. And institution of Ethical Solidarity Hours, i.e. the possibility of donating hours of holiday and leave. Gruppo Mastrotto announces that it has reached an agreement on the company’s integrative contract hypothesis with the trade unions. ‘In one of the most […]
Handbags have become an increasingly important pillar for LVMH’s revenue. And that’s not just being said according to data. The French multinational cites in its report for the second quarter and first half of 2022, the success of a long list of models. For example: Lady Dior, Peekaboo and Baguette by Fendi, Triomphe by Celine...
It is a scorching summer for luxury. There is the boom in the US, of course. But also, the slowdown in China, the risk of the cryptocurrency crisis ruining the financial condition of many. Not to mention war and rising inflation. If wealthy customers care little about petrol prices, everyone else could keep their wallets...
“The strength of a company is knowing how to adapt“. For tanning group Vecchia Toscana, founded in 1957 in Ponte a Cappiano (Fucecchio), this is the secret to reaching 65 years of age and remaining competitive on the market. “My grandfather Guglielmo founded the company together with his brothers, then in ’81 my father took […]
It starts on September 18th, with an afternoon of welcoming activities and networking. A prelude to the following two days of intense and in-depth study on what the organizers of the third Eurocongress IULTCS (International Union of Leather Technologists and Chemists Societies) have called “Renaissance: Next leather Generation”. It will take place in Vicenza, and you […]
China struggles between one lockdown and the next one, the country’s tanning segment is late in progressing with its plans and the consequences can be seen in Brazil as well. The evolution of the pandemic still weighs on the international commerce of leather, and the People’s Republic struggles with high priced raw materials and in […]
Despite its means and plans, LVMH does not have an easy solution to labour shortage, either. “We have a record number of vacancies: still 2,000 left by the end of the year,” says Chantal Gaemperle, executive vice-president for human resources at the group. “We need workers in leather goods, jewellers, watchmakers, salespeople and in other...
The lack of labor slows the growth of companies around the world, Italy included. For many businesses in the leather segment, it’s the number 1 problem. It’s an operational emergency that puts production at risk. In Italy, northern companies try to find workers from the South of the country or even from abroad. Those that...
A seizure in Bari took place for probationary reasons, affecting “all Primadonna handbags denominated minibag con borchie and minibag borchiata in all colors”. It’s one of the first impacts of an investigation that began in May 2021 from the complaint filed by Valentino. The filed complaint had to do with two Primadonna stores in Lombardy for two handbags...
The initiative promoted by partners of the Ecotan metal-free tanning project by Silvateam has allowed brands to get a glimpse of the quality and variety of this innovative class of leather. [sponsored article] Last April, at Hashtag Florence’s beautiful showroom in Santa Croce sull’Arno (Italy), four Tuscan tanneries presented their collections to the style offices […]
“The numbers don’t reflect those with their own brand, as they now face huge issues. Top brands continue to increase their market share and give work to manufacturers. The Italian leather goods segment moves at two different speeds, and that concerns us”. That’s the comment of Assopellettieri’s president Franco Gabbrielli, in relation to the exports […]
The weight of sneakers. The difficulties in offering the right offer mix of leather goods. Sustainability no longer interests young people (as much) at the moment of purchase. These are the three main aspects that emerge from the study on the world of fashion malls conducted by IADS (International Association of Department Store) in collaboration with […]
A further 2,500 square metres to expand the hand-made processing department. In Santa Croce sull’Arno, Art Lab purchased the adjacent spaces of the Ascot tannery, which has now moved to Fucecchio. And so, the company, specialised in customising leather (and more) for haute couture brands, gains a strategic area to respond to increasing demand. Art […]
No crisis can hold. Handbags and leather goods are the stars of the luxury market. Even if everything changes around consumers, they represent the currently unbeatable status symbol. Confirming the power of bags, both on the consumer side and on the designer brand side, comes “The new era of designer bags: redefining leather goods”, the...
Is China’s footwear segment slowing down or stopping because of the pandemic? Wrong. Could the slowdown and difficulties favor reshoring? Wrong. The factors are others. All to say that from January to May, Chinese footwear exports increased by 29.7%. probably because last year they were impacted by other factors, but not this year. Beijing is...
Well-built sneakers never die. Silvio Campara, CEO of Golden Goose, brand created in 2000 in Veneto, knows it well. The brand manufactures shoes with a “used vintage look” that makes them recognizable. Golden Goose uses high-quality materials, as planned by luxury brands, and makes all its shoes by hand, with 4 hours per pair utilized […]
A push from Japan and Korea for leather apparel. These are the reference marketplaces for Tuscan brands Garrett and Ruffo. The climate and the locals’ capacity to appreciate the classic made-in-Italy looks, have made Tokyo and Seoul the two main destinations for exports. And so, both brands have promising forecasts for the second half of...
Gruppo Mastrotto with Jimmy Choo, Versace and AKU, is focusing its efforts on the ways of sustainability. The Vicenza-based tanning group involved three brands (the first ones owned by Capri Holdings) in a training day. During the event, they presented training material on sustainability within the tanning segment, throughout history and in the future. The […]
There are those that sell football’s items made with kangaroo leather in California even if there is a law from 1971 that bans it. While authorities should check on the application of this law, they tolerate those that don’t respect it. That’s why animal welfare associations are trying to resolve the matter via lawsuits. Such […]
