“Such unprecedented crisis”, currently underway, has not spared Hermès: sales down 42% in 2020 second quarter, – 25% in the half-year period. Nevertheless, the French fashion brand has been showing a number of tangible signs of resilience and reaction. For example, as reported by Reuters, they announced they hired 300 employees in the first six […]
Fendi invests 57 million euros in a new leather goods expanded factory, based in Bagno a Ripoli, in the metropolitan city of Florence. The project, first launched in February 2019 by signing an agreement protocol, has been recently approved by Tuscany’s Regional Council. Following this stage, at this point Fendi itself, alongside Tuscany Region, the […]
China’s National Health Commission (NHC) has made public the news. Which, subsequently, has brought LHCA, the Leather and Hide Council of America, to fever pitch. Why actually? Because, following that, US leather customs clearance in China might possibly get complicated again. Yes, indeed. Just twenty days ago, raw hides and skins, made in the USA,...
Another acquisition shakes Italy’s tanning segment. Chanel buys Conceria Gaiera and further increases its control on the supply chain of leather. The French luxury brand had already purchased Samanta (Tuscany) in 2019, and in both cases, it acquired part of the capital after having been a client for many years, of the two businesses that […]
Without trying to go around the issue, the conglomerate defined the 1st semester of 2020 as the hardest it has ever had. The numbers give a clear picture: Gucci is down by 45% in the 2nd quarter. Saint Laurent hits the -48%-mark, while Bottega Veneta decreased sales by 24%, making it the most resilient brand. […]
“The crisis has proved the resilience of our business model”, said Jacques Guiony, CFO of LVMH. The French luxury giant recorded a revenue loss of 38% during the 2nd quarter (-28% for the first half of the year), but counts on the “strong signs of an upturn in activity” in China. Taking into consideration the […]
Italian supply chain. Chinese sales. These are the restart’s cornerstones for Michael Kors, who says he has not yet decided how he will present products in September. The American designer, however, in an interview with MF Fashion, shows a great resilient trust. And he proclaims: “Fashion will last, as always”. The restart’s cornerstones “We have […]
He died on July 21, 2020. But his family members have decided to report it only on Monday. The fashion world, but not only, says farewell to Kansai Yamamoto. A pioneer of Japanese fashion. As well as the first Japanese designer to present a collection in London in 1971. Yamamoto passed away at the age […]
Everlane is a US brand. It too produces in Italy. It mainly uses Italian leather. And it made the news its extreme concept of transparency, structurally and strategically. To the point of showing it immediately, online, under the hat of this slogan: Radical Transparency, to offer customers all the more detailed information on what he […]
In England the footwear industry starts again. The national statistics office has released data on retail shoe sales in recent days. Between mid-June and mid-July, purchases by British consumers increased by 13.9% compared to the previous 30 days. And there are also those who, during the pandemic, made a splash, such as Fairfax & Favor....
India’s leather segment loses 75.000 jobs. With very few orders, many businesses in Vellore, Turupathur and Ranipet have started to layoff workers. A concerning situation that could have grave repercussions on the entire social system. India’s leather segment loses 75.000 jobs Tanneries, footwear manufacturers and makers of leather goods were able to reopen their doors […]
The price of raw material has gone down by 30% from last year. Bangladesh’s government decided, on Sunday 26th, has fixed the price of raw material obtained during its “Sacrificing Feast” (July 30th – August 3rd). Good news for tanners, as they wouldn’t have otherwise been able to buy it due to the serious financial […]
Back to roots. Focus on a creative director and a fashion brand, Dior, which, as remarked by analysts, found its way to stand up against the pandemic. Therefore suffering from its effects to a limited extent. However, claimed Chief Executive Officer Pietro Beccari, while talking to WWD, “I do not want to compare Dior with […]
Il Sole 24 Ore has made public the scoop. Focus on Valextra. In fact, the corporate arrangement of the leather goods brand is about to change shortly. Neo Investment Partners, a private equity fund, has been holding 60% of the company’s shares since 2013: they are about to leave ownership now. Several candidates are gearing […]
Mr Bags keeps achieving resounding success. What is his special talent? He promotes luxury leather bags in China and he succeeds in selling lots and lots of them in a very short while. The pandemic, caused by Covid-19 outbreak, did not hinder his business: Mr Bags drives Burberry sales. In April, the influencer was able […]
“The pandemic has had an appallingly harmful impact on Chinese leather”, remarked Li Yuzhong (in the picture, first right), president of the Chinese Leather Industry Association (CLIA). He was one of the main characters participating in the webinar arranged by Expo Riva Schuh, on July 22nd: “The Covid Storm: from difficulties to relaunch”. Most important...
Fighting CRV by investing. Onward Luxury Group expect revenues to decrease by 15% throughout 2020. The strategy of the group (which controls a few brands, such as Jil Sander and Joseph, and manages JW Anderson, See by Chloé and Proenza Schouler licenses) aims at increasing the portfolio licenses. The latest one they have very recently […]
Leather car seats rather than Scotch whisky. Scottish Leather Group purchase part of the former Chivas Brothers factory, located in Paisley, Scotland. In the new facility, they will be manufacturing car seats, therefore creating a considerable number of jobs. Just for the records, they had announced their expansion plans slightly less than a year ago, […]
In Bangladesh, they are currently discarding unsold raw hides. Raw material traders have been complaining, for a while, about the difficult situation they are dealing with, as they can hardly sell their own products at a reasonable price. Besides that, in some districts tanneries are in big trouble indeed: consequently, they are not able to […]
Forty-five models in Piazza Duomo. The fashion show was held yesterday, July 22, 2020, in Lecce. Presenting Dior Cruise 2021 collection. The French brand has arrived in Italy for the first time, and in a moment of great rise. This is thanks to LVMH’s significant investments. But also because of its CEO, the Italian Pietro […]
