What is happening to Kering‘s flagship brand? Gucci‘s magic moment seems to be running out. And his CEO, Marco Bizzarri, should be the least surprised of all, since he had warned in time that the dizzying growth, sooner or later, would stop. But maybe he wasn’t expecting such opaque results. Gucci closed 2020 at 7.4 […]
Hermès flexes its muscles. The luxury brand recorded a +16% in revenue in the last quarter (+47% in China) and managed to limit the pandemic’s impact. The entire year closed with revenue down by just 6% at constant rates. Hermès also hired 1,183 new employees and announced a cash prize of 1,250 euro for each […]
Mulberry turns 50. The brand, founded in 1971 by English businessman Roger Saul, celebrates with the launch of the colourful Icon Editions collection. Mulberry Pink stands out in the range of colours, ready to be the dominant figure for the new course of the mulberry tree brand. The dimensions However, the shapes of these very […]
In commercial communication there is a big problem with sustainability claims. That is to say with the slogans of companies that self-promote their own green excellence. Fortunately, someone begins to notice. Because a European-wide research conducted by the International Consumer Protection Enforcement Network (ICPEN) has verified that 42% of these claims “are exaggerated, false or […]
“Careful not to substitute leather with oil–based products”. Ana Vasconcelos, CEO of Portuguese leather goods’ manufacturer Belcinto (76 employees and a web of local third-party retailers), has been a vegetarian since 20 years ago. That being said, she has a certainty regarding being green: she uses Italian leather for the accessories she makes. And more:...
If ignorance is “the very fertile ground” where vegan populism thrives, being that of the “movement for animal rights” that would like to remove leather in favour of alternative materials. Then only “knowledge” can stem the drift and provide everyone, consumers, politicians and administrators, with the tools to understand how things really are. Nuno Carvalho, […]
Cotance held the first directive committee of the ERICA project on February 15th. The acronym stands for “European Repository of the Industry’s Collective Agreements”, because the Continent’s tanning segment plans on creating a database of collective contracts for the whole area. The project will be done in collaboration of IndustriAll–Europe and 7 national associations. Which […]
2020 was a year to forget. But, given the pandemic, it couldn’t be otherwise. Kering’s total revenue for the year were of 12.68 billion euro, or -17.6% at current rates and -16.5% at constant rates, on a comparable time period. The group highlighted the 67-5% increase in digital sales: they are worth 13% of total […]
The pandemic’s effects weighed on the partial results of 2020 for Italy’s leather segment. In other words, the first 9 months of the year show the inevitable losses in terms of production and export. Negative values that, as stated during the December’s assembly of UNIC – Italian Tanneries, show how the segment “showcases its livelihood […]
An Italian group acquired Sonora, footwear brand founded in the 1980s and known for it cowboy boots. Members of the group that made purchase are: Maurizia Lastilla, ex Stuart Weitzman, financial partners from Panda Partecipazioni and some from Jaxster Capital. The recipe to start over focuses on leather and Italian manufacturing. The first published collection […]
Fred Perry Holdings took over the brand George Cox. The two companies have been collaborating for some time: the last chance is the Nicholas Daley Spring/Summer 2020 collection. George Cox, therefore, will join the portfolio of brands owned by Fred Perry, including the eponymous brand and Lavenham, owned by the Japanese Hit Union. Fred Perry […]
The government of Tanzania could increase the duty on exported raw hides to 100%, so that it may discourage in any possible way the sale of the country’s material abroad. It’s not like the country currently has a liberal policy, since the duty now is of 80%. But the president, John Magufuli, as reported by […]
Another broken record on the stock exchange and a new “brand”, if we have to put it into words. Last Wednesday, on February 10th, the luxury French group LVMH became the stock with the largest market cap on the stock exchange where it’s listed, reaching (as we’ll see), astronomical value. At the same time, Louis […]
The product first of all. This is the philosophy of the German brand A Kind of Guise, which launched the collection for next summer with an unusual initiative. It sent material (including camera) to 15 photographers around the world to take pictures and observe the various interpretations. A Kind of Guise has Italian leather in...
Delvaux lays off employees in Belgium. That’s because the brand plans to re-organize its production chain and is getting ready to transfer part of its operations to France. This has caused the loss of 26 jobs in Belgium, where the brand has 155 workers. But other cuts could be made to the retail segment. Delvaux […]
Restart and reshoring. French leather goods Rioland has, from 2018 to today, almost doubled the workforce, and only suffered a slowdown due to Covid. And now it foresees new investments and new hires. In other words, it has planned the expansion of existing production sites as well as the construction of new laboratories. To overcome […]
Best buyer for wet US wet blue and queen among the destinations of leather from Brazil. The data comes from the USDA’s spreadsheets (US Department of Agriculture) for 2020, as well as from those of SECEX, Brazil’s statistics institute for January 2021. From the first file it appears that Italian imports were high even though […]
New romanticism wears leather. Celine Homme f-w 21/22 collection speaks to young contemporaries through gothic atmospheres and strong references to Renaissance iconography. Leather is everywhere. There are many variations of jackets, vests and bombers, built with mainly black leathers. The protagonists of the presentation entitled “Teen Knight Poeme” – a short film set in the […]
Birkinstocks are made with Birkin leather, that is, derived from the iconic Hermès bags, with vermeil buckles (a variety of gilt silver) and Birkenstock cork soles. The idea does not belong to either one of the two brands involved. Neither Hermès nor Birkenstock endorsed the product. This exclusive sandal was created by MSCHF collective, which […]
Luca Pretto, owner of Veneto-based tannery Pasubio, announced it in an interview to our magazine just a few weeks ago. “I see a great industrial revolution on the horizon for our sector, which will be made of the application of robotics, artificial intelligence, and digitalization”. Part of these words (also) refers to the Smart Factory […]
