Decreasing sales, problems in import-export: the crisis on the Chinese market wears out Curtume CBR. The Argentine tannery, based in Nonogasta, faces a period of financial difficulty, and for this reason up to 800 of the 900 workers risk suspension measures from work. According to the local newspaper Nueva Rioja, however, the most dramatic scenario […]
Steve Madden overcome adversities: in fact, the company’s revenues increased by 6.5% in 2019. The US brand went through a weak period in the fourth quarter of the year; on top of that, they had to cope with Payless bankruptcy and had to deal with trade war consequences. In addition, now Steve Madden are also […]
Hermès’ revenue in 2019 was of 6.88. Accessories and leather help the luxury brand surpass the challenges posed by Hong Kong and Paris during the year in question. As far as 2020 goes, Axel Dumas, CEO of Hermès, foresees the situation going back to normal after a rocky star. Quarterly slowdown The French brand’s sales […]
The exhibitors’ feelings were confirmed by the numbers. Lineapelle closed the 98th edition (Fieramilano Rho, 19/21 February) “going beyond the current global forecasts and emergencies – informs a brief note shared by the trade fair management -, consolidating its international leadership in a concrete way”. Visitors on the rise “Lineapelle confirms its importance for the […]
We are confident about the present, that is, the three-day fair event at Fieramilano Rho. Yet, we are doubtful about the future, that is, about repercussions on fashion industry owing to a possible standstill of China’s market. Two different interpretations may apply to Lineapelle 98 day 2. Today, 20th February, the fair for leather and […]
They were concerned about Coronavirus effect, and they actually felt it to some extent. Yet, the accessory fairs, which took place at Fieramilano Rho on February 16-19, did not surrender to fear. On the contrary, they showed off their strength, in a different way. Mipel achieved a +11% increase, while Micam held the line, as […]
The outcome of the fair first day is simple. Confidence is in the air, one can feel it. The Coronavirus issue has been affecting Lineapelle 98 stands: on top of that, it might hit even more heavily the fashion business. Yet, at the leather and fashion materials exhibition, on the agenda at Fieramilano Rho until […]
TheOneMilano, on its seventh edition, is due to take place at Fieramilano City on February 20-23. The fur products and prêt-à-porter fair is going to host over 300 brands. Around 10,000 buyers will expectedly show up at the exhibition event: 6,000 pre-registrations make organizers rather confident. “It is always winter somewhere”, they claim. TheOneMilano runs […]
They are not planning to buy out Versace nor Moncler. While illustrating Kering’s prospective strategies, François-Henri Pinault made clear they are going to enhance, most of all, the portfolio of brands currently controlled by the group. They might even opt for new acquisitions, though choice standards are supposed to be extremely strict. They will not […]
Not just business. For Bally, Gucci, Prada and other brands there is something else too. Being a luxury brand also means being committed. It will not be a coincidence, therefore, that brands in this period are engaged in campaigns in favour of environmental protection. Not only that, there are also those who put their efforts […]
First of all, there will be delays in delivery. Coronavirus epidemic is holding back Chinese footwear suppliers: the health emergency did not leave shoe manufacturers unscathed. As to what will happen next, it all remains to be seen. The relationship between footwear manufacturers of the People’s Republic and European customers is flourishing. According to data...
Caution and safety have been urging PrimeAsia to relocate “part of their leather tanning activity from China” to Vietnam. In fact, owing to Coronavirus outbreak, on Tuesday 12 February the Chinese group announced they decided to take precautionary measures. Besides that, they also emphasized that, however, none of their local employees had positive result for […]
Here we are. The Italian stock exchange will present at Mipel the collections for Autumn Winter 2020/2021. It get strong to this appointment (Fieramilano Rho, February 16-19) with more than positive 2019 preliminary results. In the first 10 months of the year, according to the analyses of Centro Studi di Confindustria Moda for Assopellettieri, exports […]
Tapestry are going to be in the trenches in the next six months. Due to Coronavirus outbreak, the US group’s sales will expectedly decrease by 200 to 250 million dollars by the end of June. Why? Because in China a vast majority of stores will shut down. Tapestry made such forecast while making public, at […]
“Health security of our customers and staff remains the top priority”. Therefore, it is on this assumption that APLF moves the fair to June 1-3, 2020: the caution imposed by the ongoing Coronavirus epidemic is put before the needs of the show. Following up on an already ventilated possibility, Informa Markets, the company that organises […]
No wonder blazes have been affecting Australia’s livestock and farming industry: in fact, fires are actually hitting the meat industry. According to estimates, cattle slaughtering is going to drop by 15%. Meat & Livestock Australia (MLA) provided such estimates, which refer to the current year. According to the Australian institute, throughout 2020 slaughtered livestock units […]
There are no repercussions for the Milanese fashion product shows: Lineapelle and Simac Tanning Tech confirm the dates. The three events confirm their already established dates. The trade fair organisations reassure exhibitors and visitors that they are following the current developments closely. Not only that, but also to be following the indications of national and […]
No need to worry. Micam and Mipel’s leaders reassure the public of exhibitors and visitors: the fairs are safe. The two events (Fieramilano Rho, February 16-19) confirm that the organisation, although prompted by the news of Coronavirus spreading in China, goes on regularly. And they confirm, with regard to the problems facing the People’s Republic, […]
Capri Holdings expects to lose 100 million USD due to the current crisis in China, with negative consequences on profits for the fourth quarter, and thus repercussions over the annual income statement. The group shut down 150 stores in China due to the spreading of the coronavirus. “The estimate could further change if the situation […]
Ralph Lauren’s third quarter sales results exceeded its own expectations, and those of the analysts. Both sales and profits were surprising. During the period that closed on December 28th, the group reached 1.75 billion USD in sales: +1% at current rates and +2% at constant rates. The result surpassed the analysts’ estimate, which was of […]
