Insatiable Chinese consumers. The surprising recovery of the US market. The performance of online sales. Here are the 3 factors that allowed luxury sales to start growing once more in the 1st quarter of 2021 (at variable rates) to no more than +1%, while at constant ones the growth is of between 2% to 3%....
The numbers are reassuring. Because if it is true that turnover has dropped by 23% on an annual basis, cash assets are instead growing. Bonaudo, a tanning group headquartered in Lombardy, has gone through 2020 with such financial strength as to make it look with confidence to the near future. This was explained by patron […]
Cotance, The Confederation of National Associations of Tanners and Dressers of the European Community, took it upon itself to write to Carmen Hijosa. Not just because the Spanish entrepreneur, founder of di Piñatex, is among the finalists of the European Inventor Award 2021. But because she continues to promote its product with the type of […]
Asics aims to leap into premium. A process that, as Carsten Unbehaun, CEO for the EMEA area for the German brand explains, has already begun. In China and Japan, Onitsuka Tigers have made the leap from sports shop windows to boutiques, with the approval of customers. Although the change has also affected prices. Before seeing […]
“UGGs are Deckers’ only”. After the first-degree conviction, Australian Leather’s manufacturing hub had appealed against the US-based giant. The mater at hand: the use of the term UGG to indicate a footwear type that has fur. According to the Australians, in fact, that specific type of boot is the nation’s symbol. In other words: the […]
The number of units slaughtered in Brazil during the first quarter of 2021 decreased. The number of units from JBS, on the other hand, broke a record. Brazilian slaughterhouses have processed 10.3% less bovines compared to 1 years ago. The decrease was further confirmed by the data expressed in tons. Yet, JBS managed to close […]
Marco Bizzarri away from Gucci? It could have happened in March 2020, in full lockdown. The CEO of the brand himself revealed it to WWD. But it is a past thought: now he is ready to write new pages of history for Gucci. Together with creative director Alessandro Michele, of course, who, with MF Fashion,...
And the day of the award ceremony has come. On Friday morning, live on Lineapelle’s social networks and in connection with Seoul, the 4 K Leather Creativity Awards were presented. They represent the epilogue of the second edition of a very high level training course that Lineapelle has developed in collaboration with Hongik University in […]
Burberry made its preliminary earnings for the fiscal year available, after it closed on March 27th, 2021. Result: a 10% decrease in sales and a revenue of 2.34 billion pounds. The (main) causes behind the decrease were the closed stores and the reduced tourists’ flux. The consequence was a loss on the price-per-share, also given […]
The collective shock of the last year is involved, because it prompted many to embrace the standards of the circular economy. This growing green (and thrifty) sensitivity is involved, especially among the younger ones. The fact is that Vestiaire Collective flies, both from the point of view of expanding the user base and business. And […]
“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 […]
