In 2019, luxury global turnover is bound to exceed 270 billion euros: leather goods and footwear, most of all, will be driving sales. Such are the estimated figures emerging from the Altagamma (High End) Monitor over the worldwide markets, carried out by Bain&Co together with Altagamma Consensus 2019. Throughout 2018, luxury items overall turnover reached […]
For the very first time, Birkenstock let visitors get in and see two, out of five, of their manufacturing plants. Over the last five years, the German company, which currently hires 4,253 employees, that is 25% of Germany’s whole footwear industry, enjoyed a considerable boost: in fact, their business increased by around 20% on average. […]
First Shanghai, on Thursday 30 May. Then Madrid, on Thursday 6 June. Finally, yesterday, a journey off to Sweden, which proved to be meaningful for a number of various reasons. At the Embassy of Italy in Stockholm, Lineapelle and UNIC – Italian Tanneries (supported by ITA – Italian Trade Agency) held the third and last […]
Corichem are about to carry out a few relevant investments. The company, headquartered in Sarego, in the province of Vicenza, is a leading manufacturer of chemical solutions in the leather tanning industry: they are now expanding their own manufacturing site to meet the market growing demand. “Our new pavilion, which will extend across 7,000 square […]
In the first 4 months of 2019, exports of US raw hides and skins have been decreasing by 13.5%, in terms of volumes, and by 23.6% in terms of value (that is, -435.3 million dollars). Flicking through data provided and made public by USHSLA (the United States Hide, Skin and Leather Association), one can see […]
The re-launch of Zimbabwe’s meat/leather industry will go from English and Dutch hands. The British company Boustead Beef, in fact, has announced its entry into the management of Cold Storage Company (CSC), a local company partially controlled by the State that, until about 20 years ago, was the largest national player in the sector and […]
Huajian Group, one of the largest Chinese (but not only) women’s footwear manufacturers, has signed an agreement with Ethiopian Industrial Park Development Corporation to take over the business of Jimma Industrial Park, built by China Communications Construction Company, opened in December 2018 and state owned. Thanks to this agreement, Huajian has acquired the operational rights […]
From rumours to the operation, done and completed. A week after the rumours of a possible sale of the brand Il Bisonte by the English fund Palamon Capital, the official announcement that it has been sold to Look Holdings, a Japanese company operating in the clothing distribution and listed on the Tokyo stock exchange. The […]
Chinese group Modern Avenue has completed the acquisition of Levitas’ shares which, in turn, controls the brand Bikkembergs. The group, which already held 51% of shares, now holds 100% of the brand, after taken over 24.5% from Zeis Excelsa and the remaining (identical) share from Sinv, a company from Vicenza, thus becoming the sole owner […]
There is a part of made in Italy that functions and speaks the language of footwear. That of the brand a.testoni, for example, which saddle up to conquest China. The Bolognese brand (which has been controlled by Sitoy group in Hong Kong since the end of 2018) develops a turnover of around 30 million euros […]
Plans, goals, problems to solve. Luis Onofre (in the picture), newly elected president of CEC, European footwear confederation, spotlights the footwear industry scenario. The Portuguese designer, who is the owner of the company of the same name, takes over after Cleto Sagripanti: he will remain in office for three years. What projects/plans are you going...
In 2018/2019 financial year, Burberry group bought 49% of hides and skins from tanneries provided with environmental, social and traceability certification. Therefore, they have been increasing by 1%, compared to the previous year. In their Annual Report, published on June 5, the British luxury group pointed out they achieved such accomplishment thanks to a profitable […]
Brexit is bound to jeopardize the (amazing) expansion of British luxury business. In fact, in the United Kingdom the luxury industry has been increasing by 49% from 2013 to 2017. As emphasized in the latest survey carried out by Walpole, a British association of the high-end luxury industry, luxury now accounts for 48 billion pounds, […]
When two parties fight, Kering wins. In fact, the French multinational corporation will make use of the space inside the Palazzo delle Finanze, situated in Scandicci, to build Saint Laurent’s new manufacturing site. As announced over the past weeks, Richemont were interested in the area, located in Florence suburbs, as well. In fact, both luxury […]
Fewer accessories, more footwear and apparel, while enhancing, at the same time, Men’s collections and commercial penetration into Asia’s market: such is the plan, set by Capri Holdings, to reach 8 billion dollars, in terms of turnover, as soon as possible. While commenting on the group’s latest business performances, during a conference call with financial […]
Struggling against time. The footwear market, as much as the fashion business, considers delivery rapidity to be one of the most topical and important challenges to deal with while aiming to boost sales. During the presentation of Timberland’s new headquarters in London, Christopher Raeburn, creative director of the brand, emphasized that “our development times are […]
The workers of París tannery, based in Montevideo (Uruguay), are supposedly about to call on a strike. Allegedly, 95% of the company employees are on redundancy payment. Furthermore, despite a positive meeting between the company’s top managers and trade union representatives, held in the offices of the Ministry of Labour, assembly of workers presumably rejected […]
The First Lady loves leather. More and more actually, considering her well-known fondness for it, which she keeps confirming every now and again. Looking at the agenda of US President Donald Trump and his wife Melania, during their official visit to the United Kingdom, one of the most meaningful appointments they scheduled was undoubtedly the […]
I like it, it fits me, and I am going to buy two of them. While saying such words, Barack Obama spoke about the item of clothing he likes the best. On Monday evening, former President of the United States of America showed up at the NBA Finals to be present at the second match […]
Men’s fur coats combined with bags in the same material and nuance. Shiny leather shoes, boots in autumn colours or in fluorescent contrast. Twentieth century graphics which in some garments and accessories are transformed into a magnification of the logo. Fendi’s fashion show in Shanghai, the first co-ed for the brand of the LVMH group, […]
