Expo Riva Schuh has been cancelled. Milano Unica postponed. Covid-19 epidemic prompted the Board of Directors of Riva del Garda Fierecongressi to cancel the summer edition of the volume footwear fair. For the same reason, the 31st edition of the textile show, scheduled in July (7-9), will take place in September, from 7 to 9. […]
Shops closed and, every day, over 10 million unsold items including shoes, bags and clothing. Adidas, Deichmann and H&M stopped paying store rents, causing criticism. Germany at the time of CRV tells of a number of leather goods and shoe factories that go on with their business activities as usual. But also of many others...
The Coronavirus pandemic is still ongoing, and the effects are all to be evaluated. But Faurecia reacts to CRV, or at least begins to organise its restart. The automotive supply group reviews credit lines to ensure the liquidity needed to face the crisis. And above all, while it is forced to close in the rest […]
V stands for vengeance. Chinese government is going to rely on people’s revenge feeling to recover and enjoy a restart after Coronavirus crisis. Since infection cases keep decreasing, China is going to count upon the so-called “revenge spending”, that is, people’s desire to make up for lost time. In so doing, consumption and shopping will […]
Safeguarding their operating stability and tackling new business segments: such are the two pillars on which Stella International are planning to build up again 2020 activity, playing from China. In doing so, they aim to overcome Coronavirus outbreak emergency. In 2019, the footwear group, headquartered in Hong Kong, faced several up and down vicissitudes. Revenues […]
UK tanneries are still open, and thus they continue operating normally. But we have been advised of one that has closed until this issue has been resolved. Others are winding production down towards closing as orders have fallen off, so there will be more shutdowns in time. As for the rest of the world, many […]
Authorities are forcing tanneries to withdraw raw hides from slaughterhouses. And Argentine tanning risks a short circuit. On Saturday March 28th, the secretary of the Federación de Industrias Frigoríficas Regionales Argentinas (FIFRA), Juan Javier Peralta, posted on Twitter the letter addressed to a group of Argentine tanneries by the Servicio Nacional de Sanidad y Calidad […]
Commitment and solidarity. Companies stand up against Covid-19 outbreak through charitable activities and donations. The same goes for Italian leather industry. In fact, in the region of Veneto, Rino Mastrotto Group, a leather-tanning group, decided to provide a tangible contribution to support the struggle against the virus. Their donation amounts to 500,000 euros. The donation […]
Italian leather industry strives to support the struggle against Coronavirus outbreak. In the region of Veneto, Gruppo Mastrotto publicly announced a meaningful solidarity project. Primarily, they supplied a 100,000-euro donation in aid of the Fondazione San Bortolo Onlus, a non-profit organization. On top of that, they also implemented a health insurance for their employees. The […]
Indeed, JBS achieved a record-breaking performance throughout 2019. Looking at the financial statements of Brazil’s meat giant, revenues from sales amounted to about 51.7 billion US dollars. They therefore increased by 12.6% compared to 2018. We are talking about the highest earnings ever. In the fourth quarter of the year, JBS managed to make around […]
Italy’s leather goods will shut down temporarily, due to the legislative decree passes by the government on March 22, 2020, considered to be “a necessary measure”. Assopellettieri’s CEO, Danny D’Alessandro, confirmed it, explaining that “this decision comes after some companies of the segment had already decided to close down autonomously. The challenge will be to […]
Now, at the time of writing, tanneries can still operate in Austria, within the limits imposed by the authorities for precautionary reasons. And there are still orders to be processed. The reaction of Austrian leather to CRV is there. But dark clouds are gathering on the horizon, due to market uncertainties and restrictions on international […]
First the collapse in exports. Now the stop to a new tannery. Duties imposed by the Zambian government on exports of exotic leathers are having disastrous effects. Last December, the Zambian Crocodile Farmers Association launched the first alarm. Now the costs of those choices are paid for by the development of a new factory for […]
Standard&Poor’s downgrades Aston Martin. A very difficult news for the British automaker. And that puts the entire bailout plan at risk. Just now that Canadian billionaire Lawrence Stroll has acquired 16.7% of Aston Martin and Chinese Geely has shown interest. Standard & Poor’s downgrades Aston Martin On Tuesday, March 17th, Standard&Poor‘s revised its assessment of […]
After a long thriving period, Brazil’s livestock and farming industry has started slowing down. In fact, Covid-19 outbreak is hindering meat, produced by the South American giant. The most important groups in the country are thinking about, possibly in the future, the closure of slaughterhouses. Prudence demands for it (as much as the market feedback). […]
INESCOP are striving to revolutionise the footwear production model. In fact, at Elda Technology Centre (in the province of Alicante) they have just inaugurated a digital experience and smart integration system that applies to shoe manufacturing process. The plant consists of a sort of central supercomputer, which coordinates several hardware and software technologies employed in […]
2019 and present time for Prada has consisted of an inevitable path between the “great progress” (of last year) and the (current) emergency situation. After all, analysts had forecasted a revenue of 3.21 billion euro and operating income of 306 million euro (according to Refinitiv). While 2019 was archived with 3.226 billion euro in net […]
Fashion calls for conversion. Objective: to fight Covid-19. Specifically: to find companies able to temporarily move their production axis to packaging masks (and not only) necessary to avoid the spread of the infection. The president of Confindustria Moda, Claudio Marenzi, has made at the call to all the companies in the sector. Fashion launches the […]
Leather tows Italy’s economy. ItalyPost research center run a research study on Italian companies that registered the best performances during the period 2012-2018. The list is made of 1,000 companies divided into groups based on their results. At the top of the ranking are the “20 big” companies that have revenues between 500 million euro […]
After five years, Mulberry’s creative director, Johnny Coca, is leaving. For Mulberry, it is the end of a five-year creative period. An end that, among other things, it comes close to the celebrations for the first 50 years of the brand, scheduled for 2021. The English brand has announced that it has already started the […]
