Dani takes first place in the “Top 100 ESG Excellence Environmental” category in the fourth edition of the Sustainability Award. Promoting the award is Kon Group, an M&A and financial and management consulting operator, along with Euronext’s Elite and main partner Azimut. The award ceremony was held in Milan at Palazzo Mezzanotte, headquarters of Borsa […]
Bernard Arnault, usually accustomed to make money, now counts the amount of it lost or that he is about to lose: starting with 10 billion USD in value erased in a single day on the stock market. Now his group, LVMH, is under the axe of the French government (for the special tax on big...
Gruppo Mastrotto goes shopping and strengthens its investment in the automotive sector with the acquisition of Coindu (Componentes Para A Indústria Automóvel). The Vicenza-based group – as stated in a statement published online – has taken over the majority stake in the Portuguese company, “through a capital injection aimed at supporting the relaunch of the […]
Don’t call it a mere sign-off. The EU Council approved the Commission’s proposal to postpone the EUDR, and thus confirmed the possibility that the much-controversial Anti-Deforestation Regulation will be implemented no longer from December 30, 2024, but from the same date in 2025. The EUDR’s 12-month postponement We told you about it in our...
We always say that leather is the key to success. But we are biased. It is good, then, to see confirmation of our assessment within the speeches of those who speak from less compromised positions than ours. Such as Carlo D’Amario, CEO of Vivienne Westwood, who showcased the brand’s path towards an IPO to MFF....
No to subcontracting, yes to their own brand and private label. Decisions that Blue Star shoe factory in Montegranaro (Fermo) made a few years ago “and that are now proving to be right”. This is the belief of Luca Guerrini, the company’s entrepreneur, who gives his name to the private label under which the shoes...
The crisis does not spare LVMH: latest quarterly figures are below expectations. Not only that. The Fashion & Leathergoods division reported a 5% drop in sales, again well below estimates. Not a minor detail: it is the first down for the French group since 2020, when the pandemic raged. Crisis does not spare LVMH LVMH’s […]
LVMH disappointed everyone. Especially the market, as its shares fell 7% this morning when the stock markets opened. Yesterday the world’s largest luxury group reported an unexpected drop in third-quarter sales and stressed the criticality of an “uncertain economic and geopolitical environment”. Here’s what CFO Jean-Jacques Guiony said and the consequent analysts’ reactions. LVMH disappoints...
Craftsmanship and product value are the defense against the luxury crisis. LVMH’s number one, Bernard Arnault, spoke about it during the 10th anniversary celebration of the Institut des Métiers d’Excellence training program. Olivier Fournier, deputy executive director corporate development and social affairs at Hermès, also touched on the topic. Defense against the crisis Excellence in...
The big challenge for luxury and its supply chain lies in how to attract aspirational consumers. Comparative analysts consider it unlikely that luxury companies’ financial performance will improve in the second half of 2024. A thought that, as early as today, with the late afternoon release of LVMH’s third quarter results, may or may not...
Frasers won’t quit, and continues to want Mulberry. In recent days, majority shareholder Challice has rejected a second offer from Frasers (minority shareholder), as the company is “considering its position”. A less than “British” back-and-forth between the two shareholders followed. Frasers won’t quit Another shareholders’ clash for Mulberry. Challice and the British leather goods brand...
Sharing his passion for leather on social media to promote its authenticity. “I write love letters to craftsmanship for others to read”. There is romance in the way Ben Geisler tells us about his work as a saddler, leatherworker and engraver. The American craftsman is well known for his leathercrafting work, but also for the […]
The Prada group is working on a “solid transition plan for key raw materials”, including leather, to “lower impact alternatives”. Ah. Lorenzo Bertelli, Patrizio and Miuccia’s dauphin and CEO in pectore of the fashion group, tells MFF about the green strategies to which, as “head of corporate social responsibility”, he is devoting himself to. Precisely […]
If the premiumization of Adidas is the currently applied one, so be it! The sports brand has launched a new model of the Samba sneaker: made in Italy and made with leather. This model stands as a candidate to be the most expensive shoe in Adidas’ history, classifying itself in the premium segment. The premiumization […]
The ancient Neapolitan tradition of leather gloves is renewed with the passing of generations. The Campania-based company Osci Pellami is 90 years old, and celebrated the important anniversary on the occasion of Lineapelle 104 (17-19 September 2024). The historic company, specialised in glove leather, is now in its fourth generation and sees young people growing...
After the show of picketing workers and trade unionists in front of the Lin Weidong Chinese leather factory in Seano (Prato), the Public Prosecutor’s Office, the news reports, got to work. And it took the escalation of violence, for the judiciary system to move on gangmastering in Prato, as the judges in Milan have already...
From Mytheresa taking YNAP to Swiss fund Evoco taking control of Manebì. Moving on to the Y/Procet crisis and the Mulberry saga. Many surprises and some confirmations, M&A deals in the fashion and luxury world continue relentlessly. Mytheresa taking YNAP The biggest deal is the one in which Richemont (finally) divested former e-commerce giant YNAP...
Holding Moda’s leather goods division looks beyond the crisis and aims to increase production capacity, also through a new acquisition that will come by the end of the year. “Aggregations will win. The market will restart in the second half of 2025, but at a different pace”, tells to La Conceria Simone Lenzi, owner of...
Using leather to get back in harmony with nature. The choice of materials is not just a matter of business, market share or a trend of the moment. Yusuf Osman, better known by his Instagram profile with 20,000 followers Yussico, artisan and leather enthusiast, shifts the point of view by taking a few steps back....
Japanese beer also looks at luxury and leather. The Japanese giant Sapporo Breweries has signed a collaboration with Isamu Katayama’s Backlash brand. Out of this collaboration came a super-exclusive biker jacket. When a Japanese brewer invents a leather jacket On 1 October, Sapporo Breweries launched a USD 1,800 leather biker jacket. The Japanese beer brand […]
