An extraordinary partnership for Cuoio di Toscana. In fact, Dolce & Gabbana have chosen the Consortium for the manufacturing of a few one-of-a-kind items they are going to present along with their new Alta Sartoria men’s collection. They will spotlight such collection during an upcoming event, scheduled in Florence on 2nd September 2020, arranged by […]
One and a half months after the latest public statements, Brunello Cucinelli (in the Imagoeconomica picture) confirms the outlook regarding the next future. In other words, in 2020 revenues are due to drop by 10%, but will pick up again in 2021, as they will supposedly increase by 15%. Meanwhile, at the end of the […]
The pandemic has been affecting, of course, Italian leather as well. Analysis details provided by UNIC – Italian Tanneries Economic Department on ISTAT data and figures highlight such effects rather harshly. In fact, from January to May 2020, Italian leather tanning industry “went down by 32% in terms of seasonal revenues; on top of that,...
In the first six months of 2020, British tanning exports reached 74.8 million pounds (that is, around 83.3 million euros), in terms of value. Revenues, which account for the overseas turnover overall, resulting from raw hides and finished leather, have therefore decreased by 39.5% on annual basis. Such performance has been obviously affected by the […]
Timothy Oulton buys out, from DFS group, The Sofa Workshop, a manufacturer of leather sofas. DFS, a British retailer actively playing in the UK, Spain, The Netherlands and Ireland, and listed at the London Stock Exchange, announced it publicly. The group’s sofas have been acquired by another home furnishings top player, founded by Tim Oulton […]
The US leather goods chain of stores is about to face plenty of closures: Wilsons Leather to cut distribution. The top managers of G-III Apparel Group, which is in control over the company, have announced they are going to start a reorganization plan, which will lead the group to the closure of 110 selling stores. […]
Actually, this is not the first peak of diplomatic tension between the United States of America and China. Yet, now Trump bends the rules even further south. In fact, the US Customs and Border Protection, the agency that oversees and controls borders and customs, has imposed a new measure: products imported from Hong Kong, and […]
The protagonist of the news is the French Tanneries Haas. Which, however, since 2013 has been owned by a brand, French too, which lately is strategically accentuating control over its tanning supply chain. In other words: Chanel. Specifically, Tanneries Haas announced the construction of a new plant in Eichhoffen, in the Alsace region of France,...
As announced, Lanxess sells tanning chemicals to TFL. German giant has announced that it found an agreement for the sale of the business unit linked to leather treatment products to TFL Ledertechnik GmbH, a well-known name in the tanning world. The operation will end around mid-2021, and represents Lanxess‘ last step away from tanning chemistry. […]
If the main goal of luxury brands is now to attract Chinese consumers to the shops in the People’s Republic, Louis Vuitton in Shanghai hit it right. In August, its largest Chinese flagship store, the “Shop 136, Plaza 66, Nanjing West Road” (Shutterstock photo), reached 22 million dollars in revenues. Although the maison has not […]
Aeffe, Hugo Boss and Ralph Lauren fight the effects of the pandemic with unstable results. The online channel and China seem to be the only two valid resources during this critical time. Aeffe, Hugo Boss and Ralph Lauren Aeffe, group that controls Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino (to the right, in picture taken from […]
Together again (for the fourth time). Ready to break the record again. The latest collaboration between Tod’s and Mr. Bags will lead to the creation of a new limited edition bag, which does not yet have a name. The product will be sold on WeChat with “Baoshop” mini program. The record to break is 696,000 […]
17 arrested for smuggling bovine hides in China’s Guangzhou region, where border authorities have arrested smugglers that had 72 million USD worth of bovine hides. According to local sources the smugglers imported the goods by falsifying the Bill of Lading. 17 arrested for smuggling bovine hides 17 people were stopped by Guangzhou’ border authorities. As […]
Some players consider it as a challenge. Others believe it is a necessary “political choice”. Some more think it is an opportunity, for the fashion and luxury industry, to spread a sign of vitality all around the market. In addition, a chance to make again a physical connection with buyers and customers. In other words, […]
“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 […]
