Burberry left about half of its revenue behind during the first fiscal quarter (which closed on June 27th, 2020). The brand expects to lose between 15% and 20% during the 2nd quarter, compared to 2019, which further confirms the savings’ strategy being implemented by the brand and that includes layoffs. The one positive note arrives […]
Donald Trump decided to impose a 25% duty on French fashion goods. Among those included in the list are also handbags (luxury ones made with exotic leather included). The decision could bring US imports down if an agreement isn’t reached between the White House and the French government by the end of the year. This […]
A horrible June for Brazilian leather. According to data by SECEX (Secretariat of Foreign Trade) that was elaborated by CICB, the South American countries exported raw hides, semi-finished and finished leather for a value of 48.3 million USD in the Month of June. The value in 2019 was above 91.3 million. In other words: 47% […]
Irish slaughterhouses continue on good levels. National locations have managed 37,000 units during the past week, down from the week before that, yet up from the same week of 2019. Most of the units so far have been heifers and calves, and while Irish slaughterhouses have decreased production volumes from the start of 2020, the […]
The fashion system is focusing transparency efforts on “its next goal”, that is, leather: such is the headline Vogue Business put on the front page. Leather is also the next research subject the magazine should carefully study, as we would like to emphasize. In fact, the article evidences that their knowledge about tanning and livestock, […]
Made of “vegan leather” (sic!) just to show closer respect towards the environment. Roger Federer has joined the club whose members are public celebrities (singers, sportsmen, VIP, actors, etc.) engaged in the world of fashion. In fact, the Swiss trophy-winning tennis player joined forces, together with ON compatriots, to launch THE ROGER Centre-Court 0-Series, some...
Mulberry take a step back again: in fact, they are going to cut footwear and apparel licences. Over recent days, the British group announced their decision to cut more than 450 jobs. At the end of June, rumours were that they would be about to shut one of the two English manufacturing plants. They have […]
Bally’s phygital and winning in China. In fact, since the beginning of 2020, the Swiss brand’s online sales in Beijing have considerably increased by 200%. “Tmall is going to be our leading store, in terms of earnings, quite shortly”, pointed out Chief Executive Officer Nicolas Girotto (in the picture) while speaking to WWD. He also […]
Apparently, the crisis affecting the two-hundred-year-old US luxury brand is at a turning point. Reportedly, among a number of bids, which still require assessment, Brooks Brothers have two potential buyers, whose rather sound interest in the acquisition is to be taken seriously. In the meantime, the brand, owned by Italian Claudio Del Vecchio, has filed […]
They have reviewed their commodity supply. Moreover, they have rather downsized the wholesale channel. Furthermore, most of all, they have cut jobs. Levi’s sack 15% of work staff: as illustrated by Chief Executive Officer Chip Bergh himself, while talking to WWD, the company is going to lay off about 700 employees. Thanks to such decision, […]
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Covid-19 did not spare Vietnam. In fact, in the first six months of 2020 Vietnam’s exports of shoes dropped by 6.7%, while leather goods sales decreased by 15.1% compared to the same period of 2019. Vietnam is the third footwear manufacturer in the world (their production share accounts for 5.4% of the total amount worldwide) […]
Robert Clergerie, a French footwear fashion brand, change ownership. In fact, French Legacy Group, a private equity fund, have bought out the historic brand formerly controlled by First Heritage Brands and by manager Jean-Marc Loubier. Still they have not made public the financial particulars of the deal. Following Sonia Rykiel, First Heritage Brands withdraw from […]
Tasman Tanning cut jobs. The tannery, based in New Zealand, has reportedly sacked 17 employees formerly working at the manufacturing plant of Whanganui. They supposedly made such decision after debating and discussing for a few weeks. For the records, should the overall economic situation pick up, the company will immediately call the employees back at […]
The challenge is out. The organisation has started. A New Point of View, the “smart” salon reserved for the fashion & luxury supply chain opens its doors to the market. As announced by Lineapelle, which organises it, the event will take place at Fieramilano Rho in September, on Tuesday 22 and Wednesday 23, 2020. And, […]
Further sanitising them is not necessary. This is the shortest possible answer that should be offered to anyone asking tanneries about the safety of finished leather. Safety in this sense: being certain that they do not transmit the virus. Beyond the summary, however, comes the deepening of the Environment Department of UNIC – Italian Tanneries, […]
It took the pressure from several national and international tanning associations. A laboratory investigation was required, too. But, in the end, the goal was achieved: Mango will no longer define regenerated leather fibres as “recycled cowhide”. Generally speaking, the brand decided not to use terms, as imaginative as they are incorrect and misleading, to label...
Burberry is reorganizing its structure and creating 3 distinct business units: Ready to Wear, Footwear and Accessories. The brand is also calling Adrian Ward-Rees, an old acquaintance of the brand, to head the first BU. The Footwear BU will be assigned to someone already in the brand’s organizational charts, while the head of Accessories is still to be […]
Let’s get ready for the advance of luxury made in China. Young consumers of the People’s Republic, which, according to each survey, are the real engine of high-end consumption, feel increasingly attracted to national brands. And not only because they are driven by patriotism, but also because the offer would be improving. Chinese designers and […]
There is a problem in France: warehouses are full of raw hides blocked by the lockdown. And there are about 3 million hides in stock now. What does Covid-19 have to do with it? It forced the marketplace, and during the “confinement”, lockdown in French, the collection of raw material for tanning didn’t hit the […]
Patrizio Bertelli has illustrated Prada’s position and strategies, while talking about the agenda of fashion shows and prices increase. Most of all, he stated, once again, that production volumes are not going to decrease. They do not see any risk about it. The managing director of the group has announced a growth, in double figures,...
