The merger operation would weaken the domestic ostrich market. So the South African Competition Commission said no to the merger hypothesis, announced last summer, between Mosstrich and Klein Karoo. As reported by the South African daily Die Hoorn, the two players are not giving up and are preparing to appeal. According to Johan Schoeman, CEO […]
Philipp Plein might possibly decide to sell the small fashion empire he created by himself, though he would sit for negotiations as long as takeover bids are not lower than 700 million euros, to begin with. The German designer and entrepreneur founded a fashion group, headquartered in Switzerland, whose annual turnover amounts to around 300 […]
Great prospects for Armani, while Salvatore Ferragamo’s situation is complex, but chatter regarding a potential sale are shut down. The luxury market is living a very polarized season, where brands that grow stand on the opposite side of those in distress trying to get back on top, and, the last news on two Italian luxury...
Someone is planning to buy. Someone else does not want to be bought out though. After the acquisition of Versace, carried out by Michael Kors, the fashion system, especially in Italy, is being affected by several rumours about prospective and possible first-level Merger & Acquisition deals. The WWD.com portal has recently launched the “Valentino speculation”. […]
US leather associations, two of them, are going to join forces for several reasons: many companies are members of both associations, which often strive to achieve the same goals and safeguard common interests, despite their acting from different standpoints in the same industry. Hence LIA (the association of US tanners) and USHSLA (the American association […]
PRODUCTS AND STYLES. THE MARKETPLACE AND ITS IMPLICATIONS. INNOVATION AND ITS LIMITS. LINEAPELLE (SEPTEMBER 25TH TO 27TH), MICAM AND MIPEL (SEPTEMBER 16TH TO 19TH) BRING TOGETHER IN MILAN THE GLOBAL OPERATORS OF THE LEATHER CHAIN, AND DRAW THE LUXURY INDUSTRY OF TOMORROW
South African ostrich unit of Kein Karoo International Leather, a meat group also in charge of leather tanning activities, and Mosstrich group are about to carry out a merger soon. Negotiations are already well underway. As reported by Die Hoorn, a South African daily newspaper, the board of directors of both enterprises approved the merger […]
A new site for collecting sheep and bovine raw hides is now working in the region of Southland. Wallace group, a New Zealand agricultural and industrial holding arisen from the merger between Wallace Corporation and Farm Brands, also owner of Nichols tannery, opened in Mataura a new site (staffing around 50 employees) for the storage […]
Chinese tanners talk about themselves and their leather business. The spokesperson is Su Chaoying, honorary president of CLIA (China Leather Industry Association): the portal, which published his assessment, is the one that refers to Hong Kong APLF leather fair. It turns out an interesting report that spotlights, in particular, China’s environmental policy, which has been […]
The fashion house is about to reach one billion euros, in terms of incomes, in “mid-terms prospects”. As reported by L’Economia, Jonathan Akeroyd, chief executive officer of Versace since 2016, is rather confident that the brand will soon join the billion-dollar club, only for members whose turnover exceeds one billion euros. The manager grounds his […]
It is not time to speak about plans yet. “Some teams, composed of representatives of both companies, will liaise to carry out amalgamation and a strategic plan. Both Smit & zoon and Codyeco have their own forces: the synergy between the companies will drive us to achieve our best potential”. Such is the statement issued […]
Nigerian tanning industry is in ferment. Lawrence Chidi Anukam, general director of the National Agency for the application of guidelines and regulations, expressed his displeasure about the sustainability issue. In fact, in the district of Kano, which is considered a strategic industrial hub, leather treatment systems, implemented by tanning factories, are not sustainable from the […]
IT IS NOT A PARADOX. GST AUTOLEATHER IS UNDER CHAPTER 11, BUT THAT IS NOT A GENERAL ILLNESS SYMPTOM OF THE AUTOMOTIVE SECTOR AS A WHOLE, WHICH IS CONTINUING ITS POSITIVE PERIOD: THE PROBLEMS THE US-BASED (AND JAPANESE OWNED) GIANT IS HAVING, IS CAUSING FURTHER COMPLICATIONS THATS ARE DUE TO A LARGE NUMBER OF INDUSTRIAL AND FINANCIAL REASONS
The French tanneries Tanneries Pechdo change hands. Caroline Krug, a businesswoman with 12 years of experience in the LVMH group, with the support of an investment bank, found the majority of the company in which her capital came in 2014. Tannery, headquartered in Millau (renowned for gloves making), is specialised in the production of leather […]
The Henan Prosper Chinese tassel giant (Zhengzhou headquarters and about 6,000 employees in total), specialising in goat leather, expands its horizons in New Zealand. His Hong Kong branch, Rich Development, has invested $ 13 million in acquiring the G L Bowron & Co tannery of Christchurch. Founded in 1879 and specialised in sheepskin, it was […]
In 2017, the growth in profits for luxury retailers will be 7%, a sharp improvement compared to + 4% last year. Unfortunately, for high-end distribution, the pitfalls of the economy are not over. The double-digit growth rates of the 2010-2013 period are far, and unprecedented by 2020. The second half of the year, moreover, will […]
In the financial year ending on 31st January last year, the British footwear brand Clarks increased its sales by 8%, achieving a 1.7 billion Pound (1.96 billion Euro) turnover, while it has suffered a significant decline in profits, that have slumped from 43% to 20 million Pounds (23.1 million Euros). Was this due to Brexit? […]
The acquisition of the Dior group would also be financed with debt lines. The LVMH group enters the bond market for 4.5 billion. (According to the first estimates, the cost of the operation should go around 6.5 billion euros). Bonds will be divided into four tranches with maturities of 18 months, 3, 5 and seven […]
The transaction will cost a total of 6.5 billion euros, paid for two-thirds with cash and one-third in Hermes titles and will allow Dior Group and LVMH to be under the same management. The Arnault family has announced that it aims to unify two branded but distinct brands. The Arnault family holds 74% of the […]
At the end of the fiscal year (January 31, 2017), net sales of the Prada Group amounted to EUR 3.1 billion, down by 10% compared to 3.5 billion in 2015. Net income, meanwhile, fell by 16% year on year, rising from 331 million to 278 million (-16%). All positive numbers that are reflected in the […]
