Until 2041, Hermès (brand) will remain in Hermès’ (family) hands. The family members own 54% of the capital via holding company H51. At the annual assembly that took place in Paris, the family stated that the majority shares will be maintained at least for 20 more years. Meanwhile, the luxury brand is exploring the Metaverse...
Rumors of a potential sale of the brand by the Furlanetto family shake the brand. CEO Mauro Sabatini has left its post. Yet, Furla states that sales increased by 7.6% in 2021, compared to the previous year. All during a challenging time: the brand had difficulties in Japan, the top destination for its leather goods, […]
The luxury segment rediscovers America. During the first 3 months of 2022, the US market showed great dynamism, attracting investments from luxury brands that see China slowing due to the zero-Covid policies and various lockdowns such as the one in Shanghai. It’s not by chance that the US are becoming the main growth market for […]
Celine used crocodile hides to take the decisive step to climb the luxury segment’s pyramid. The LVMH-owned brand is growing more quickly than expected and, according to analysts, has surpassed the 2-billion-euro mark for 2021 (revenue wise). Now the brand is trying to raise his positioning to enter a less-crowded and more competitive segment: hard...
The Italian trade fairs for finished products and fashion accessories are defining dates and strategies for the next editions. The objective: to outline the panorama of what (for now and who knows when) has been defined as the “new normality”. In the light of this dimension, therefore, Pitti, in view of the June edition, takes […]
There are a few top luxury brands that deal with price rises at source (logistics, procurement, production, etc.) by passing them on in-store, on the tags of their accessories. Then there are all the others: brands that, of necessity, have to suffer the situation and go in search of complex alternative ways. Also because, as...
Each to his own. The StockX Big Fact Report shows that every city in the world has its own sneakers trend. The choice varies according to taste and tradition. In Milan, Paris and Madrid, the sneaker maintains a strong link with natural raw materials thanks to leather uppers or inserts. London, Berlin and overseas, on...
From the comfort of vintage car seats to the elegance of a handmade accessory. French brand Mileage gives new life to leather destined for landfill. It contributes to a potentially endless cycle by taking the leather from its customers’ classic cars and transforming it into bags, wallets, key fobs, watch straps and everything else they […]
Between January and March many hits originating from Russia and China have cause grave concerns for many. LVMH isn’t among them, as the first quarter proved to be very solid for the largest fashion group in the world. The group managed to do so well mainly thanks to the performance of the “Fashion and leather...
“We play it by ear. It’s impossible to make forecasts for the future”, says Luca Rossetti, CEO of Fratelli Rossetti, in light of the war in Ukraine, new Covid waves and price increases. “All the forecasts we had prepared for this year were inevitably impacted, or at least delayed until 2023”. Rossetti calls for government...
They made Herno’s first sneaker. But most of its customers are, or have been, stars and stripes. For example: Buscemi, Fear of Good, Pyer Moss, Virgin, Koio, Greats and, finally, Charaf Tajer, director of French brand Casablanca Paris. After collaborating with New Balance, he chose SearchNdesign (SND) to create his first sports footwear project. SND...
British luxury brand Smythson gets more and more Italian. This past March, Stefano Giacomelli, CEO of Tivoli, moved from the VP role to president. Moreover, in Calenzano (Florence) where Tivoli’s HQ is located, a 2nd Smythson hub is being developed after the London one. Tivoli group is controlled by Greenwill, holding of the Bahbout family. Smythson’s...
Choosing leather is good for the environment and the future of the planet. This was emphasised by Christopher Koerber, Managing Director of Hugo Boss Ticino who, together with Wollacott Phillips, Head of Sustainability at Mulberry, will be on the judging panel of the new edition of Real Leather. Stay Different. That is, the international student […]
Leather goods and footwear record sector for openings and recruitment. According to the Trendeo index, a total of 176 new factories opened in France in 2021 (compared to 56 that closed). There were 87 companies that brought business back to the country (there had been only 30 in 2020). While 32,155 jobs were created. Openings...
After the Watermelon Bag comes the Yukidaruma Bag. That is: the bag to carry a snowman. And that’s not all. There’s also the Wine Glass Bag, which might almost seem like a trivial idea when juxtaposed with the Skipping Stone Bag, which is used to carry flat stones. Yes, the ones you throw at the […]
An earthquake is shifting things in Asia’s manufacturing industry. The same is happening in the leather segment, because while China is forced to shut down production due to new Covid waves, its neighbors (India first, then Bangladesh and Pakistan), are trying to take market shares away from the former. Even with some structural limitations, India […]
The meat industry is likely to develop in Asia, while leather goes to Europe. South African ostrich farmers are thinking of how to grow. The matter, and the first opinions on how to widen the market, emerged during the conference organized by SAOBC (South African Ostrich Business Chamber) on March 14th. The government has, as […]
Renata Sartori was elected as the new member of LWG’s Executive Committee. The CEO of Gruppo Mastrotto was the winner of the vote closed on March 28th and thus becomes part of the BoD of the top certification entity. LWG’s Executive Committee There are 4 representatives from tanneries in the Leather Working Group, along with […]
Through a philanthropic donation from the Tapestry Foundation, the US fashion group entrusts WWF with 3 million dollars to work on tools to help trace Brazilian leather. The focus, ça va sans dire, is to ensure that finished materials are not linked to deforestation practices in the Amazon and Cerrado. Among the objectives of the […]
Made to order, produced by a single artisan. This is super-luxury by Hedi Slimane, the creative director who launched Celine’s Haute Maroquinerie collection. Two bags, the 16 and the Triomphe, are made of crocodile leather and embellished with gold and diamonds. These 16 bag requires 17 hours of work by a single craftsman. The Triomphe […]
