The result, writes UNIC – Italian Tanneries is “very important”. One for Italy’s tanning segment and, more generally, for the entire leather chain. The news requires few words to be commented and, in summary, these are: the decree is finally here! In other words, the Council of Ministers approved, on Thursday, May 28th 2020, the […]
UNIC – Italian Tanneries’ Economic Service has analyzed the situation by looking at the dark quarter that traumatized the tanning segment, all around the world, “with the Covid-19 pandemic generated shock”. A shock that has impacted all countries with developed tanning industries. These countries “generally suffered significant decrements of both production levels and sales in […]
The president of Assopellettieri is not surprised: “We had prepared ourselves for difficult numbers and here they are”. Franco Gabbrielli refers to the comparison between the data of the latest survey by Confindustria Moda with those of surveys carried out among its associates. The result says that in the first quarter of 2020 37% of...
Covid-19 knocks out Circa of America. The US company, which specialises in the design and manufacture of belts and small leather goods, filed for bankruptcy before the Federal Court in Atlanta. The company, founded in 1967 in San Francisco, moved to Dunwoody, Georgia last year. Covid-19 knocks out Circa of America According to reports from […]
The Coronavirus pandemic will leave a legacy to the sector, it is inevitable. In part, the consequences of the virus will be seen in the numbers: and CHANEL has already forecasted a -15/-20% for the year at the end of March. But even stronger will be the effect on the identity of the top of […]
Louis Vuitton has appointed Johnny Coca as the new director of women’s accessories. The former Mulberry designer will start working next June 2, alongside Nicolas Ghesquière, artistic director of the brand’s women’s collections since 2013. Coca (pictured) has already worked at Louis Vuitton as a leather goods designer from 1996 to 2000. The new director […]
Lifestyle Design buys Luxury Living Group. The Forlì-based company enriched its portfolio, which is controlled by US-based Haworth. The holding is also the owner of Poltrona Frau, Cassina, Ceccotti, Cappellini, Janus, Karakter and, retail-wise, Luminaire and Dzine. The acquisition will be finalized before the end of June. Lifestyle Design buys Luxury Living Group Luxury Living Group […]
After all, Brexit doesn’t look so bad. The British meat and leather associations review the tariff tables that the Government intends to apply from January 1, 2021, in place of the external EU ones. And they are satisfied. The first because it sees itself safeguarded by the price competition of imported animal products. The second […]
32,800 individuals working in the footwear segment lost their job in Brazil. The equivalent of 12% of the entire workforce active in the segment as of January 2020. Brazil’s footwear segment expects production for 2020 to be about 30% lower, to levels of 16 years ago. Meanwhile, 50% of companies operating in the footwear and […]
Social security for Sadesa’s workers. The Argentinian tannery, owned by the Galperin family, announced it request for economic assistance from the state and it was granted. The company’s workers, due to the financial difficulties caused by Covid-19, will receive part of their stipends from the State. To Sadesa’s workers Faced with an economic downturn, Argentina’s […]
The appeal is working. Sidharth Nath Singh, member of Uttar Pradesh’s Legislative Assembly, has announced that some companies operating in the leather segment are interested in moving production from China and Brazil back to India. The first official “reshore” is German: a footwear manufacturer called Von Wellx. Other districts in the country, meanwhile, continue to […]
While spotlighting the trend, we may talk, to begin with, about a spin involving Gucci and Bottega Veneta, that is, two fashion brands of Kering group. The former has been, for a long while, a top performer, with regard to earnings, and the flagship brand for high-end trend, though contaminated by casual style: now its...
Covid turned Burberry’s year upside down. During the brand’s last fiscal quarter (January-March 2020) the British brand’s sales decreased by 27%, effectively cancelling out the +4% performance it had had during the previous 9 months (April – December 2019). Overall, preliminary results show that the brand’s sales performance dropped 4% for the year (at constant […]
It was already a known fact that the brand’s accounts were not in balance: while having a 1.1 billion dollars turnover, the debt framework amounts to 600 million dollars. But now that the virus is overwhelming Brooks Brothers, the US fashion brand is in the eye of the hurricane. As WWD reports, the company announced […]
Such certification actually refers to the new ICEC TS422 Technical Specifications about the management of Covid-19 emergency in the leather industry companies (tanneries, to begin with, but also contractors, manufacturers and chemicals). Incas, based in Castelfranco di Sotto, is the first Italian tannery receiving this certification. The first Italian tannery The aim of the procedure […]
They have allocated a fund to help and support needy people. Pasubio tannery have donated 300,000 euros to the Municipality of Arzignano, where the tannery is headquartered. A gesture of solidarity in favour of their fellow citizens, deeply hit by Covid-19 outbreak. Pasubio tannery donate 300,000 euros The leather-tanning company, based in the province of […]
Despite Covid-19, Vietnamese footwear have achieved a very good performance in 2020 first quarter. Yet, they now fear a downturn in orders coming from the United States. Therefore, they are focusing on the whole of their American clients. According to data provided by the Hanoi Times, in 2019, Vietnam’s footwear exports amounted to 18.3 billion US […]
Pepita tune up cars by using leather. The small-sized Hungarian company, which specializes in modifying standard cars to make them more eye-catching, has recently launched on the market an alternative model compared to classic Volkswagen Typ 181. A torpedo car, military inspired, newly set and directed at the most sophisticated buyers. On top of that, […]
Trick or toy? Experts and researchers, who specialize in studying finds of the Roman age, keep wondering about it. They are flabbergasted about a small leather object, which has become known out of an archaeological treasure chest. They discovered it in Vindolanda, an ancient Roman fort situated to the South of Hadrian’s Wall. Trick or […]
Distressed retail. The list of troubled US chains is getting longer. Now JC Penney too is filing for Chapter 11. The company filed for credit protection with the Federal Bankruptcy Court in the southern district of Texas. It is the third large sign, shortly after Neiman Marcus and J. Crew. JC Penney asks for Chapter […]
