A few hours after the acquisition of the German Hewa Leder, Pasubio is back in the spotlight. The Vicenza tanning group, leader in the high-end automotive segment, has officially changed ownership. British CVC Capital Partners, in fact, sold it to the French fund PAI Partners. The value of the transaction was not disclosed. Pasubio changes ownership Three offers arrived on the table […]
While the market is wondering who will take Pasubio‘s majority stake from CVC Capital Partners, the Venetian tannery takes everyone by surprise. In other words, it goes shopping and buys the German Hewa Leder. Pasubio buys German tannery Hewa Leder To give the news is Radiocor, the press agency of Il Sole 24 Ore. “Conceria […]
Luxury and fashion shows in recovery? Dior is more than that. With the pandemic, “instead of just shifting gears and pressing the brakes, we accelerated. We stayed on track and came out very fast,” says Pietro Beccari, Dior’s CEO, after the Cruise 2022 fashion show in Athens. “In the first quarter, we have increased our […]
Italian and European leather goods’ manufacturers will find less obstacles when exporting to the United States. USA and EU has said no more trade war and signed a 5-year truce to a disagreement (that had been continuing for 17 years) on public money given to Boeing and Airbus. The new agreement, which is lengthening the […]
The segment’s development on a global scale, the increments in both imports and exports, cooperation and foreign investments. China’s leather segment takes comfort in the opportunities emerged from RCEP. Because while in the West USA and EU break bread once again, Beijing becomes marginalized. Thus, the People’s Republic is turning to the Eastern world. RCEP […]
Covid and fur around the world, according to the University of Copenhagen The pandemic costs the fur business 5 billion dollars around the world. According to the latest report from the University of Copenhagen, entitled Global Fur Retail Value, commissioned by IFF – International Fur Federation, in 2020 the global retail fur trade reached 20.1 […]
No online sales, no tourist flows. The result is a -18% loss in 2020 for Chanel. But, following the wave of luxury restart, it rebounds in this first part of 2021. In other words, it shows a “double-digit” increase in sales, compared to 2019, in the first 5 months of the year. “Since September 2020, […]
Prada: China, and leather goods. In January 2021, Patrizio Bertelli, CEO of the Italian brand, declared that he wanted to hit the goal of 5 billion euros in revenues within a maximum of 5 years. A feasible goal, of course. But that can hardly be achieved without growth in China and without consolidating and strengthening...
There are several reasons to explain Sergio Rossi‘s move to Fosun Fashion Group. First of all, the Chinese fund put the factory at the centre of the project, ensuring the expansion of production and employment. In addition, the new partner supports an ambitious investment plan of distribution in Asia. Riccardo Sciutto explains it to us, […]
Hermès opens a new leather goods production site in Montereau. This new site, which opened on June 11th, will join one of the brand’s tanneries in Seine-et-Marne. The leather goods manufacturing location will give work to 260 people. The candidates don’t necessarily need any past experience within the segment: Hermès is ready to provide ad-hoc […]
Finance and sustainability. Furla joins the group of companies that tied loans to sustainability objectives. The leather goods’ brand was provided 25 million euro by Unicredit to accelerate its sustainability strategy. “This operation (which has a 3-year duration), further strengthens the financial structure of the group – commented Mauro Sabatini, CEO of Furla -, mitigating […]
Some positive signs emerge from the tanning export data from Brazil, US and Spain, which is a good sign given the 16 months of pandemic. But the trend remains “challenging”, because there are other complexities to be taken into account for the period. In some cases, purchases have recovered, but very sporadically. There is no […]
Nonogasta sees black smoke. According to local sources, Chinese Chery pulled out from saving Curtume CBR. The Asian automotive group should invest in Argentina, but in another province. Chery allegedly decided to pull out due to the “tannery’s distance from the harbor, lack of industrial promotion and the environmental problems”. Saving Curtume CBR Chery will […]
Leather coats, as well as jackets, bags, heels and sneakers. All branded products with the Prancing Horse. Ferrari’s debut on the catwalk was yesterday, June 13. “The fashion business – According to Nicola Boari, chief brand diversification officer of the brand – could represent 10% of the company’s profitability within the next seven to ten […]
On one side is the tanning group that sets up a traceability program able to measure the impact of the leather it tans. On the other is the luxury brand that supports the same approach, so as to compensate for 200 tonnes of CO2. Dani and Montblanc join forces in the Create to Change project. […]
The starting date has been set for today June 14, 2021. The time of arrival, beside from any surprises, is Wednesday, July 7th. In other words, the launch of the Tender Offer focused on SICIT Group, Vicenza-based organization that turns the waste of tanneries into bio-stimulants for agriculture and products for the plaster segment. Circularity […]
Asian leather is recovering. Export data for Pakistan and Bangladesh showcase a way out of the crisis. In the first instance, the increment was of 13.29%. In the second, the apparel increase on yearly base was of +11.1% and of +14.43% for leather goods. Meanwhile, everything in India is ready to pose the first stone […]
European retail suffers. Even with the help of vaccination campaigns, in many countries (including Italy), sales data is still suffering. On the other hand, consumer trust grows, which provides hope to retailers now that Spring is almost over, and Summer is about to begin. European retail suffers Italy ISTAT published on June 8th its estimates...
It is called Dani Academy. It’s the name of the new training project launched by the Venetian tanning group Dani. The objective is to develop an “educational” course on the relationship between design and leather, anchoring everything to the green matrix of its Zero Impact solution. Dani, therefore, set two groups of students up for […]
GST Seton AutoLeather changed its name: it is now Pangea. The multinational automotive leather company recently announced the rebranding. The new name “represents our philosophy and our relationships – explain the company, founded in 1832 as a tannery in the States, and today a group with 5,000 employees on four continents -. Our history with […]
