A new vertical integration within the leather supply chain. Gruppo Vecchia Toscana (Fucecchio, Florence) has taken over the management of Manifattura Toscana Pellami (Ponte a Egola, San Miniato), a company specialising in the production of split hides and heavy-weight bovine leather for belts, leather goods, and furnishings. “We found this company very interesting for our...
We expected better, and, undoubtedly, given the premises, it could have been better. The market and analysts were disappointed with LVMH’s performance in the first quarter 2025. The world’s largest luxury group ended the first three months with sales of 20.3 billion euro, equivalent to an overall decline of 3% – at constant scope and […]
The 90-day truce (with duties leveled at 10% for all but China) eases tensions a bit, but the leather and leather product supply chain remains on edge. First, because the trade war will inevitably have consequences for business in and with North America. And, second, because we can already see the warning signs of a...
Small, independent, and happy. Roberto Mantellassi has chosen his own path to turn a passion for leather into a profession. He is a leather craftsman who has decided to specialise in the production of bracelets and keyrings. For over 25 years, he has nurtured and safeguarded the uniqueness of a crisis-proof business. A market niche...
“To promote the cultural and qualitative value of Italian embroidery both in Italy and worldwide”. This is the mission of Assoricamatori, the newly established association officially presented on Tuesday, 15 April, on the occasion of the National Made in Italy Day. The date was deliberately chosen with the precise aim of “promoting a manufacturing sector […]
LVMH is discovering just how challenging it can be to produce luxury goods in the United States. Eleven former employees of Louis Vuitton’s factory in Texas shared with Reuters the site’s issues and poor performance. Reportedly, it is “one of the worst facilities of the French brand”, with leather waste rates twice the norm and […]
Creativity takes over Milan in the melting pot of Design Week. At the Fuorisalone, art, fashion, and interior design all speak the same language – and leather is the deciding factor in defining luxury. Among the countless installations, the living collections showcased in showrooms, and the hunt for the most original products and gadgets, leather...
Cotance, the acronym representing European tanning in Brussels, is withdrawing from the technical secretariat for PEFCR Footwear and Apparel because the “category rules”, i.e., the methodology for calculating the carbon footprint of accessories and apparel, that the table is drafting, unduly favor synthetics. PEFCR Footwear and Apparel The technical secretariat launched in 2024 with a positive […]
In the footwear market, supply has increased while demand has declined. The slowdown in consumer spending isn’t limited to the luxury sector – lower price ranges are also affected. This is due both to inflation, which has eroded household purchasing power, and to the perception of fashion and footwear as non-essential, avoidable expenses. What are...
“Finding someone who believes in the project”. That’s the main challenge faced by new brands entering the footwear market. It’s difficult to find suppliers and manufacturers (as well as financial institutions, etc.) who are willing to place their trust in those passionate about footwear and starting a new venture. Just like Sneark – sustainable sneakers...
It’s a case that has mobilized international press sources, even if the corrections announced the 9th of April erased the customs injustice. Why did the Trump administration initially impose a 29% tariff on Norfolk Island? Not only was the tariff far higher than the 10% tariff the U.S. provides for Australia, whose island is an...
The Salone del Mobile in Milan opened on Tuesday (8 April) with high expectations – yet under the looming shadow of tariffs. The excitement surrounding the Milanese fair dedicated to interior design is tempered by the uncertainty of an international market unsettled by Donald Trump’s recent tariff announcement. “At the moment, it’s impossible to make...
Milan Design Week is ready to begin, and we’re here to find out what the vibe is. Tuesday marked the start of the Salone del Mobile 2025, running until 13 April. This major event, which focuses on design and furniture, kicks off at the Fiera Milano Rho exhibition centre and will unveil this year’s latest […]
The decline of London Fashion Week is becoming increasingly apparent. The British Fashion Council (BFC), the organisation responsible for promoting the growth of British fashion, has announced structural changes to the calendar of the upcoming fashion season. According to a press release, the changes are intended to “expand international presence by offering crucial commercial opportunities […]
Is there still room in the world of sneakers? The experience of the BBack brand suggests there is. Founded in 2022, it closed 2024 with over EUR 4 million in sales, and is aiming for a further 40% growth in 2025. “The future of sneakers lies in functional design – a fusion of fashion, anatomy,...
Sicit’s reorganization is underway. A contest between three U.S. funds is ongoing to acquire a minority stake, according to Il Sole 24 Ore’s The Insider blog. Sicit, share reorganization Sicit was founded in 1960 in Arzignano (Vicenza) and is active in the development and production of next-generation organic products dedicated to agriculture (and beyond) derived...
Crackdown on greenwashing. In Germany, the Nuremberg-Fürth court has convicted Adidas for misleading and unlawful advertising. The German giant had been taken to court by the German Environmental Aid (DUH). In the United Kingdom, from Sunday 6 April, the Competition and Markets Authority (CMA) has been granted significantly enhanced powers to tackle greenwashing — including […]
There is little to be happy about the duties imposed by the Trump administration, in general. Italian and European tanning, in particular, see a new obstacle to a strategic market. “The tariffs (of 10% ad valorem from April 5, 20% ad valorem from April 9, ed.) will be added to the duties currently scheduled for...
The precedents are clear: in 2018, 2020 and 2022 collapses of the stock exchanges (taking the Standard & Poor’s 500 index as a reference) was always followed in the States by a month of declining transactions for luxury goods. Nothing good can come from the stock market earthquake that followed Donald Trump’s start of the...
On “Liberation Day” President Donald Trump (in photo) announced new tariffs for all imported goods. Split between April 5 and April 9, Mr. Trump has put duties ranging between 20% (on the EU) to 10% on the UK, going from 31% on Switzerland to 34% on China will come into effect. And the fashion industry […]
