“Even if we talk more and more about bio-based materials, it must be said that these are not intrinsically new, nor ecological”. Finally. WWD, the international newspaper interested in the fashion business, asks two questions about vegan alternatives that are encountering so much luck these days. First of all, the newspaper is keen to remember […]
Almost everyone is in. From Mini and Polestar, which in more or less recent times have been involved in public endorsements for alternatives to leather. Up to Kia, which offers “vegan-friendly” interiors for the Picasso 1 and Rio 1 models, or Ferrari, which has fabric solutions in its catalogue (without cloaking them in ideological contrast...
At the end of 2021, the global luxury bag market will reach a value of 65.48 billion dollars (compared to 62.30 in 2020). And with a compound annual growth rate (cagr) of 5.3%, it will reach 94 billion dollars in 2028. The increase in the female working population around the world is the main growth […]
“Being independent gives you pride and flexibility”, said Michele Norsa (in picture on the right from Imagoeconomica), vice-president of Salvatore Ferragamo during the conference call with analysts that was held yesterday. The topic: the financial results of the first quarter of 2021 for the Italian brand. Footwear and leather goods remain the company’s focus, which […]
“I’m hoping UGG will be the next accessible luxury phenomenon.” That’s how Andrea O’Donnell, Fashion Lifestyle president of the Deckers Brands, group that owns the famous ovine fur boots’ brand, spoke to WWD. Hired 5 years ago, O’Donnell had to go beyond the initial skepticism that surrounded her to solidify the evolutionary view she had […]
There is one potential issue to avoid: that of Washington imposing an additional 25% duty on Italian fashion products. LHCA, US leather association and UNIC – Italian Tanneries, joined forced. That’s because, after all, a duty on goods exchanged between the two sides of the Atlantic would end up damaging both parties. Italian fashion The […]
Do duties remain? Therefore, the Argentine government helps SMEs. This is the request by representatives of the leather sector gathered in CAME (Confederación Argentina de la Mediana Empresa). At the center of the discussion are the taxes on the export of tanning raw materials, suspended in the middle of the first wave of Coronavirus to […]
Lear starts strong. The US multinational specialized in interiors and technology for the auto industry has published its earnings report for the 1st quarter of 2021. The numbers show a 20% increase in sales for a total of 5.4 billion USD of revenue. To be noted: profits doubled compared to the same period of the […]
The human factor and the quality of raw materials. They have always been the basis of Hermès success. Axel Dumas recalled this during the general meeting. The CEO (pictured) underlined the most relevant aspects: the decisive commitment of the employees, the company vision focused on the “need for quality” for the products and, finally, the...
Saint Laurent’s new path runs along 3 parallel directions. The luxury brand was the first to take itself out of the standard fashion calendar. It focused its attention on handbags and implemented pricing strategies that made the products more accessible than those of its competitors. The objective: intercepting and engaging young consumers. The value of […]
Who leads Kantar’s ranking? “BrandZ Top 30 Most Valuable Italian Brands 2021” measures the value of Italian brands by combining financial data with research on brand equity. Gucci has a brand value of 33.8 billion USD, three times more than the 2nd ranked (Enel). Bottega Veneta (+5% on 2020) and Fendi (+48%) are the two […]
SICIT’s HQ has gotten news that there is a non-binding buyout offer on the table. But the Syngenta Group is very serious. The plan appears to be of “making a public offer for an indicative price-per-share of 17.3 euro” to buy the entirety of the company’s shares. We are at the beginning of the negotiation. […]
Antoine Arnault’s choices, responsible for the image and environment of LVMH, all at once. No to second hand, yes to products’ duration. Yes to physical fashion shows and no to their frenzy. Yes to sustainability, not to its rankings. Yes to leathers and furs and to greater cooperation between luxury groups. To WWD, the young […]
Since the start of the pandemic Fendi has conducted “so many projects” that the brand “has no learnt to do things even better than before”, and so it’s difficult to imagine going back and do things the same way as before. “We’ll never go back”, states the president and CEO Serge Brunschwig. The manager spoke […]
Design Holding grows and becomes beautiful. The design group has set up a joint venture with Fendi for the development of Fendi Casa collections. Fashion Forniture Design, this is the name of the organisation, to with the birth of products will follow, but also marketing and communication. At the same time, the Milanese company acquired...
Infections aren’t slowing down, companies are closed, entrepreneurs are forced to ask for loans. The situation in India is critical. Pandemic continues to rage and the latest Covid wave is hitting harder than the previous ones. The repercussions on the manufacturing system are very grave. Many tanneries, footwear manufacturers and makes of leather goods are […]
The opportunity to meet them was their joint presence (on April 27-28) in Milan, at Spazio Lineapelle in via Gorani. An opportunity given by the presentation (by invitation, in the utmost respect of the anti-Covid legislation) of their collections. An interesting and stimulating moment of sharing and, also, of understanding (as far as possible, from […]
A market challenge, a technological challenge. The automotive destination is changing its face: together with mobility, the passenger compartment and, therefore, customers’ expectations are transformed. “We have a long history in the production of quality Scottish leather – Debra Choong, product designer at Bridge of Weir, explains to Forbes -. Nonetheless, we are continually investing...
Italy’s footwear segment asks its Government to “quickly and decisively” oppose the US threat of imposing an additional 25% duty on the value of shoes, apparel and sunglasses coming from Italy. The next few days will be decisive. As shows by the roadmap written by USTR, (United States Trade Representative), starting on March 26th, the […]
Mulberry announced progress in relation to profitability, compared to the latest estimates. During the update that took place on Wednesday, April 27th, the British brand stated that the fiscal year (which closed on March 27th), closed with small profits earnings before taxes. Not the same as the small loss that was forecasted previously. The result’s […]
