It began on May 5 with a (virtual) meeting in collaboration with APLF platform. Another one is scheduled for May 13 with CICB, the Brazilian tanning association. The one in collaboration with International Leather Maker is still to be scheduled. Challenges, perspectives and answers: the webinars of UNIC – Italian Tanneries illustrate the expectations and […]
Alarm bell from the New York Stock Exchange. Natuzzi risks (again) the delisting. As for the Apulian brand of upholstery, as in December 2018, there is the possibility of being cancelled from the New York Stock Exchange. Natuzzi risks (again) the delisting Two issues are under observation: the average price of the Natuzzi stock, which […]
Three cases from the USA, Asia and Argentina. Each of them showcases how, sadly, Coronavirus has weakened the leather industry. In other words: some companies think of closing for good. Others try to avoid it. And others hope in the recovery of financial markets. Tasman Leather, in the USA As reported by wabi.tv, US-based group Tasman […]
India is also opening back up. The Western Bengal government decided that tanneries and other production segments tied to the manufacturing of leather, present in the Calcutta district, can get to work once more. India is also opening back up The Western Bengal state hosts the Calcutta Leather Complex, one of India’s main leather districts, […]
Tapestry financial statements over the third quarter of the year got in the red. In fact, the US group’s revenues have been dropping by 19.4%, slightly below analysts’ expectations. Yet, loss turned out to be much more considerable. The holding company, which is in control over Coach, Kate Spade and Stuart Weitzmann brands, has not […]
They shut some manufacturing plants because they turned out to be the main site of virus outbreak. Others are going through heavy difficulties. Some more are about to reopen. Speaking plainly, meat is on tilt. Slaughterhouses all around the world are striving to limit Coronavirus risks and deal with the situation accordingly. Yet they must...
The positive note that comes from the People’s Republic is that online sales are increasing. The negative one is that brands cannot put too much faith in the shopping wants of Chinese consumers: revenge spending isn’t much. While the world is still influenced by the Coronavirus, the luxury industry is looking towards the East with […]
Luxury Phase 2 is at a slow pace. LVMH brands are simplifying production, and it could not be any different. After a lockdown quarter, when shops were closed condemning a collection to remain practically unsold, the French conglomerate cannot afford to further accumulate goods in their warehouses. Toni Belloni, general manager of the group, explains […]
We can call them asymmetries in the mass market. Fast fashion in the UK is in crisis: the lockdown caused by Coronavirus has flattened business. Who pays the consequences of this outcome? Bangladesh’s clothing supply chain, which has lost orders worth circa 2.75 billion euro (estimated) and is quickly going down a very difficult path....
The Coronavirus pandemic in India is putting pressure on an industry that was already struggling. The lockdown is killing off the local leather segment. Businesses shut down, so orders stopped. Now that in the rest of the world businesses try to reopen or planning to, orders have been placed to India’s segment. But they are […]
Here we are. Italy’s automotive segment restarts its engines: when other international brands have already started working, Italy’s businesses are also getting ready for “phase 2”. The segment reopens after consumption has dropped in an unprecedented manner. The last estimates by UNRAE, the association representing foreign manufacturers in Italy: car registrations decreased by 85%, while for […]
Faurecia runs into Covid-19. The group specialized in supplying the automotive segment, has published its sales results for the first quarter of 2020. Revenue nearly reached 3.8 billion euro, or -13,5% in comparison to the first quarter of 2019. The Coronavirus pandemic around the world is the main cause behind the contractions. Faurecia runs into […]
What is the real danger in Bertelli’s opinion? Not that much offshoring, which is relocating abroad those manufacturing activities they used to carry out in Italy prior to lockdown. The real risk is rather the extinction of some made in Italy production: more specifically, the high-end one, whose own roots lie in small and medium-sized […]
However strong Coronavirus impact may prove, without a doubt “some activities, such as fashion for example, are bound to last for a long while”. Although fashion industry traditionally prefers a real and direct relationship, “since buyers want to see a dress and touch it toenjoy its manufacturing”, attitudes and dynamics are going to change shortly. During […]
“We are concerned because several small enterprises are going through heavy difficulties: some of them run the risk of shutting down”. Claudio Luti, president of Federlegno-Arredo, speaks plainly: design is on its knees. Italy’s manufacturing industries need to start again, as soon as possible, to get over Coronavirus outbreak and its detrimental effects. Undoubtedly, scars caused […]
UNIC – Italian Tanneries, signed the document together with the reference labor unions: Filctem-Cgil, Femca-Cisl and Uiltec-Uil. The document underwritten is the protocol to reopen tanneries. The content puts in black and white the “enactment of precautionary measures to contrast the spreading of the Coronavirus inside the workplaces of the tanning segment”. The protocol thus becomes the basis […]
To be precise, Celine, Fendi and Bulgari were never completely closed, because in the weeks of the Coronavirus emergency they have dedicated themselves to the production of masks and sanitising gels. Now the whole LVMH family is ready to reopen in Italy. Gradually, of course, and it varies according to the territories. But quickly. General […]
The European automotive chain reopens. Plants have started producing once more, in almost all countries, beside Italy, where the government could authorize the reopening on April 27th. Brands have started producing again at lower speed, to ensure workers’ safety: newer ways to utilize the space are needed, in order to avoid contagion. But the automotive […]
After the Coronavirus hit, the fashion industry is restarting its engines. After signs of reopening, two important brands are also moving forward to the new normal: Prada and Leo Shoes. It’s Prada’s turn One hundred workers of the Arezzo-based Prada’s site have gone back to work to take care of the collections and samples. In […]
Trade unions agree on the end of lockdown. Confindustria Moda have recently signed a protocol with Femca-Cisl, Filctem-Cgil and Uiltec-Uil to allow fashion companies to reopen. In compliance with safety standards of course, since “security is paramount – commented Claudio Marenzi, president of the entrepreneurial association and chief owner of Herno brand, while talking to […]
