The two large Brazilian meat producers are in good health. JBS and Marfrig both had very positive performances in the second quarter of 2019: both sales and profits taking flight, to push revenue up. JBS’s record JBS closed the 2nd quarter of the year with a record-high EBITDA: about 1.25 billion USD. Net sales, that […]
Climate, biodiversity, oceans. These are the three objectives chosen by the 32 signees of the Fashion Pact, the joint agreement and action plan that will lead fashion towards sustainability (the official full document can be downloaded here). The document, presented during the Biarritz’s G7 meeting (August 24th-26th), was crafted mainly by François-Henry Pinault, Kering’s CEO, […]
First things first, a warning, because this is a pretty long piece. So, make yourself comfortable before starting to read it. Second, the reason why this text is so articulate, is that between the end of July and the first half of August, while we were closed, many brands published their semester’s financial results. In...
The event, with its well-established identity, aims to provide its community members with a steadily upgrading experience, not only from a business point of view. Two months ahead of its opening, scheduled at Fieramilano Rho, on October 2-4, Lineapelle, on its 97th edition, proves to be a work-in-progress event full of topics and innovations. These […]
In the first six months of 2019, Kering managed to counterbalance Gucci slowdown, as the group’s blockbuster brand went up less than expected; China and leather goods have been driving business expansion. Meanwhile, Armani closed 2018 financial statements by reaching 2.1 billion euros, in terms of revenues, and 152 million euros, in terms of profits. […]
Luxury aboard is always a matter of leather. FCA are fully aware of it, since they launched, a few days ago, the Fiat 500 Dolcevita, a new model to celebrate, together with Frau, the twelfth anniversary of the city car. Likewise, Volkswagen top managers well know it as well: aiming to celebrate one million Touareg...
After launching a new production cycle, they caused environmental impact to slump remarkably. Scottish Leather Group, one of the most important players in the leather industry in the United Kingdom, succeeded in reducing their environmental effects considerably, as they dropped by 85%. Results As reported by leatherbiz.com, Scottish Leather Group worked out and monitored the […]
The Moroccan government is committed to the leather supply chain. First it has announced an industrial cluster in the Fez area as part of an investment program also in favour of traditional companies in the Kingdom. Then they launched a campaign to avoid the waste of tanning raw hides during the Feast of the Sacrifice, […]
A traceable and sustainable industry for breeding and slaughtering crocodiles and ostriches is feasible. Such is the plan of the Exotic Leather South Africa project, launched in 2013 and carried out thanks to financial support granted by local government, in collaboration with the University of Pretoria. The project (implemented in a playground where top groups […]
Louis Vuitton and Dior help LVMH go beyond the semester’s 25-billion euro line (for the first time). An amazing result strengthened by operating income beyond 5 billion. To be noted: 5 years ago, during the first semester of the year, the French group had only sold goods for 14 billion. But LVMH isn’t the only luxury brand performing […]
In the quarter going from April to June 2019, Hermès’ sales increased by 14,7% in yearly base (+12,3% at constant rates), for a revenue of 1,67 billion euro. The French luxury brand beat, with this performance, Bloomberg’s expectations, which was expecting revenue for 1,65 billion. The segment “Leather Goods – Saddlery”, which is comprised of […]
Here we go again. Online magazine Euronews published a piece on its Living portal regarding materials for the fashion industry. The title: “Animal, plant, or plastic based: which leather should you choose?”, already leads to the direction of the writing. The (rhetorical) question is whether the materials alternative to natural leather are preferable. The arguments […]
The time arrived in New York city last week. During the fourth edition of the World Leather Congress, there were those that got onto the stage to break a ceiling. Various media sources and environmentalist associations, in fact, publicly state how the meat industry is the largest producer of emissions at a global level. It’s […]
Three different approaches. On shared goal. A particularly meaningful meeting took place during Lineapelle New York last week (July 17th and 18th, Metropolitan Pavilion). The title: Leather Certifications Platforms: an overview on the main available tools for the market. The three international reference operators for tanning certifications (and more) were on the stage together. The speakers...
“Men’s shoes have become, for us, the fastest growing business (over +50% in the last three years, ed), fuelled by the growing demand for sneakers. Fashion is incredibly important to men and footwear is their gateway”. This were the words of Marc Metrick, president of Saks Fifth Avenue, which has expanded space and offer of […]
Business is not facing easy times: everyone is aware of that. Things are changing: everybody knows about it. Most of all, such delicate phase requires, at the same time, close attention. Furthermore, players must be willing to invest strategic assets especially, not only in products, but also in a number of factors that make them […]
Onitsuka Tiger want to increase their business revenues in double figures a year. Aiming at such accomplishment, they set a business plan according to which they are going to break away from Asics: that will make decisions, retail development and product expansion faster, therefore focusing on premium lines enhanced by leather. The brand sent early […]
Clarks x Lion King is a new footwear line for babies and children: it draws inspiration from Disney’s classic movie, dated back to 1994, which will be on again at the US cinemas on Friday 19 July (in Italy it will arrive on August 21). The remake of The Lion King is going to tell […]
In the first quarter of the financial year, Compagnie Financière Richemont augmented their sales by 12% at actual rates of exchange and by 9% at fixed rates of exchange, compared to the same period of the year before. Therefore, the Swiss luxury group reached over 3.7 billion euros, in terms of revenues. The company announced, […]
“Once upon a time a princess in a tannery…” No, that is not the beginning of a fairy tale. It is a news story actually. In fact, on July 9 Sirivannavari Nariratana, the 32-year-old daughter of the king of Thailand, visited Conceria Stefania: here she could watch and admire leather samples manufactured by the company, […]
