In 2020, because of Coronavirus outbreak, footwear worldwide shopping is due to decrease by 22.5%. That means, in terms of volumes, 5.1 billion pairs of shoes less. Such are the estimates provided by experts and insiders while responding to a survey carried out by World Footwear throughout March. They closely assessed 129 responses, supplied by […]
German government is about to support financially Adidas by allocating an overall 3-billion-euro loan. In fact, the global pandemic, caused by Coronavirus outbreak, is not going to jeopardize only small and medium enterprises, but also business giants. That is why, as reported by Reuters, the athleisure group will receive a financial support to prevent any...
The pandemic, caused by Coronavirus outbreak, is about to stop the (long-lasting) positive trend livestock and farming industry had been enjoying. According to current estimates, provided by USDA (the United States Department of Agriculture), Covid-19 is due to slow down, throughout 2020, the red meat worldwide market: by the end of the year, the […]
Italian Prime Minister Giuseppe Conte said so during the press conference held on April 10th: the lockdown could end before May 4th for some sectors. All the main Italian newspapers mentioned, during the last few days, that the Government can decide to open the fashion industry before the end of the month, given its strategic […]
After the postponements, came the cancellation of the fair. APLF calls off the 2020 edition and postpones the appointment to 2021. After two date shifts in the spring, the Coronavirus pandemic now forces the Hong Kong fair to stop. APLF calls off the 2020 edition As early as February, we said, APLF organisers announced a […]
The Fashion Studio in via Brisa 3, alas, is in lockdown. But this does not slow down the hunger for knowledge of leather and, above all, the desire to satisfy it. Lineapelle’s educational offer for brands and schools doesn’t stop. Rather, in compliance with the precautionary measures necessary to combat the spread of Coronavirus, it […]
The equation is (sadly) simple: when the demand for meat is high and that for finished leather is low, raw hides for the tanning segment don’t end up in tanneries. The US chain is being blocked by the Coronavirus. Stephen Sothmann, CEO of LHCA (Leather & Hide Council of America), believes this to have a...
We know, by writing about them we play their game. We should respond with silence. But you need to know your opponent to be able to beat him, says the adage. So it is good to focus on PETA‘s opportunism. The vegan-chic association dot not tolerates that the Coronavirus epidemic overshadows its battles. Instead, it […]
2020 started off (really) well for SICIT: circularity has taken off. The Arzignano-based company closed its first quarter of 2020 with revenue at 19.7 million euro, up 25.6% in comparison to the 15.7 million of 2019’s first quarter. All products performed better, as did all markets. The increment in the Asia-Pacific area was of +40.2%. […]
Tanning wants to restart, even during the Coronavirus storm. There is a reciprocal need: Pakistan needs its tanneries to re-open to avoid a deeper crisis. Pakistan Tanners Association’s (PTA) president for the western area, Sheikh Fazlur Rehman. On April 2nd, Fazlur Rehman, asked authorities to allow tanneries to open back up. Slaughterhouses are accumulating raw […]
The Coronavirus emergency could stop the Trade War that has been continuing between Beijing and Washington for a few years. “Trump eases the trade war with China”, is the general rumour from the United States. US footwear could be among those benefitting from the change in direction. Beside from the economic manoeuvre worth 2 billion […]
LVMH-Tiffany is likely to wait until October for the closing. The possible postponement is not due to a modification of the agreements, which provided for the closing of the deal within the first half of 2020. Among the effects of Coronavirus there is, in fact, also that of making meetings of Antitrust authorities of the […]
White, because everything is to be thought, build, written. All to be discovered in its hypothetical entrepreneurial and productive, personal and social, psychological and behavioural evolutions. Everything is to be understood in the way in which, inevitably and forcibly, we will be forced to change. We asked a group of protagonists in the leather industry to imagine how.
Open and operational. The Coronavirus epidemic in Portugal didn’t cause the forced shutdown of tanning-related industrial activities. But Portuguese tanners fear a domino effect, because the paralysis of the international chain will likely end up impacting local ones. Nuno Carvalho, president of APIC (national tanners’ association) and CEO of Carvalhos group, states: “our companies are...
Japan too is facing the Coronavirus emergency. While the Government of the Rising Sun declares a national emergency, Tokyo Leather Fair announces that it will not be held in May. The appointment is therefore postponed to next December. It will not be held in May Tokyo Leather Fair would have celebrated its edition number 102 […]
Valentino’s sales up by 2.4% in 2019, even with the hit taken in Hong Kong. It seems like a far behind issue (though it wasn’t very long ago), when the main issue for luxury brands was the protest taking place in the ex-British colony. A critical contest, but a growth one, show brand’s results posted […]
CRV ruins Ferragamo’s quarter: the luxury brand’s sales decreased by over 30%. The company suspended the payment of dividends on 2019’s profits and created and internal anti-coronavirus committee. The group has said it looks towards China to recover. The quarter is ruined Salvatore Ferragamo communicated its preliminary results for the first quarter of 2020. Consolidated revenue […]
Behind every problem there’s an opportunity, they say. Even the Coronavirus epidemic, despite everything, can turn into a chance for luxury. The top of the range, for example, can exploit the crisis to stop imitating fast fashion, and return to its original identity. Giorgio Armani is convinced of this (Shutterstock photo): “The reflection on how […]
The staff works from home. Everyone: from the top of the style office, to the employees of the ateliers. Meetings take place in a digital environment and have a certain effectiveness. But there is a lack of prolificacy in personal encounters. Here’s how Dior lockdown goes. Coronavirus disrupts LVMH brand’s way of working. Maria Grazia […]
