Net revenues amount to around 8.9 billion euros, therefore increasing by 27.3%. Estimated gross profits amount to 1.15 billion euros: they have risen by +24.6% compared to the same period of 2019. Finally, as regards EBITDA, earnings reached over 600 million euros, therefore growing, +22.6%, compared to last year. While examining the company’s financial results, […]
Slaughterhouses are closed and meat production has dropped by 9.2%. In the meantime, the prices of raw hides have realigned. The pandemic, caused by Coronavirus outbreak, is actually bringing about a number of complicated situations and repercussions on Brazil’s markets. In April 42 meat-manufacturing companies suspended their activity to limit infection rates: consequently, meat production […]
There are those raising prices in Asia. And there are those reducing them. For example, Louis Vuitton has decided to touch up price tags in Korea. Instead, Mulberry, which standardised them all over the world, will reduce them up to 18% in China. A price range that has only one goal: to increase proceeds. But […]
Mulberry announced it will no longer use exotic leather. Brooks Brothers does the same. The news report could end here: two brands, British and US-based, respectively (even though owned by an Italian), add reptiles and ostrich to the list of materials they will no longer use for their collections. But if we were to summarize […]
Church’s, more UK and less Italy, with regards to production. The brand, which had a revenue of 70 million euro in 2019 and runs 62 stores, is owned by the Prada group. The brand seems to be ready to make a nationalistic choice: strengthening production sites in the UK, specifically Northampton, in England, which is […]
They employ a traditional material, which has always been part of human uses. They have characteristics, in terms of quality, breathability, durability, which is difficult (if not impossible) to find in other products. Let us not forget, an example of circular economy and upcycling. In short, we should prefer leather shoes because they are sustainable […]
A new air filter: this is how the German tannery Pro Tannery solves neighbourhood problems. The company from Weida, a city in Thuringia, will soon install a new device to reduce the emission of bad smells. City residents are pointing their fingers at the tannery, complaining about the spread of miasmas. But the heads of […]
Covid-19 claims another victim. Aldo Group, Canadian company that manages about 3,000 stores and employs about 8,000 people all over the world, used the Companies’ Creditors Arrangement Act to protect itself from creditors. It consists of Canadian Act allowing insolvent companies to restructure their debt and commercial activities. Aldo Group is trying to do the […]
There is little to read for this news. But all should save 3 minutes out of the schedule to see the video inked here, so that they may find out how Fontana is working during phase 2. “Milanese” is the Italian term for “from Milan”, and that is how Fontana, leather goods manufacturer based in […]
There are some positive signals, such as the “resilience of the accessories segment” and the liveliness of Chinese consumers. But that’s pretty much it. Brands can’t count on revenge spending too much: no V-shaped recovery seems to be taking place, while a quicker bounce-back was expected. The Coronavirus pandemic left the luxury industry in crisis: […]
John Varvatos files Chapter 11. While facing bankruptcy, the brand has submitted a petition, before the Court of Delaware, to join the bankruptcy shelter program. According to such restructuring plan, Lion Capital, the majority business partner, will supposedly carry out the acquisition of the company. Short history of Varvatos They first launched John Varvatos brand […]
The title they have chosen is, to a certain extent, quite peculiar and, at the same time, rather programmatic. “Leather and life expectancy: the unexpected connection”. Such is the name given to an animated video created by Dani, a Veneto’s leather tanning group. The aim is to show, once again and as clear as possible, […]
Curtiembre Paris employees have occupied the tannery. On Tuesday, May 5, around 4.30 pm, workers got into the factory and locked themselves in. The company is situated in Montevideo, right in the centre of the Nuevo París tanning cluster. They have been protesting against the layoff of 118 employees. Dismissals Curtiembre Paris is a historic […]
Mexico’s footwear and leather industries are rather pessimistic. In fact, due to the pandemic, caused by Coronavirus outbreak, almost the whole of Mexico’s footwear manufacturing companies are currently facing a downturn in revenues. Earnings have gone considerably down, -50%, for many of them. The same applies to leather tanning enterprises, which have been shut for […]
HTL International have submitted an application for bankruptcy. As reported by straitstimes.com, the home furnishings manufacturing company, headquartered in Singapore, is rather close to collapse allegedly. Reportedly, HTL do not manage to face up to the market crisis brought about by Covid-19 detrimental effects. HTL International have filed an application for bankruptcy The company, founded […]
Travelling through time while sitting on your couch, at home. You can make this journey thanks to the British Museum, which has recently created an online database containing the whole of its exhibiting archive. We are talking about two million pictures showing closely the Rosetta Stone, Easter Island sculptures and several objects made of leather. Lots […]
Focus on Diego-model sneakers: specifically, 4 pairs of black shoes and 4 brown. Size 55. The customer is Shaquille O’Neal. The package is due to be shipped next week. The delivery sheet stands out on the desk of Roby Spernanzoni, Chief Executive Officer of the homonymous shoe factory based in Morrovalle, in the province of...
The impact of Coronavirus on Italian fashion now has a number. 2020’s CRV has caused companies to lose about 36.2% of revenue on yearly base on average. If that wasn’t enough, the segment lost circa 40.5% of its usual orders. The research study was conducted by the Centro Studi of Confindustria Moda, as it photographs […]
Hugo Boss’ revenue dropped by 17% at constant rates, during the first quarter of 2020. Forecasts for the second? Business in China is recovering, while the online segment grows: that being said, forecasts say -50% sales. The group also stated it plans to cut investments by 1/3. -17% for Hugo Boss in the first quarter […]
It began on May 5 with a (virtual) meeting in collaboration with APLF platform. Another one is scheduled for May 13 with CICB, the Brazilian tanning association. The one in collaboration with International Leather Maker is still to be scheduled. Challenges, perspectives and answers: the webinars of UNIC – Italian Tanneries illustrate the expectations and […]
