The history of Gruppo Mastrotto becomes a business novel: Dalla Pelle Al Cuore (From Leather to the Heart) tells 60 years of excellence

“The place is called Alla Convergenza (At the Convergence) because it crosses three streets of Arzignano. One is dedicated to Kennedy, a great innovator, one to the Thousand, great revolutionaries, and one to the Mastrotto, great entrepreneurs. At the center is a roundabout and above the roundabout a cloth hides a slender silhouette more or […]

Scottish Leather Group, negotiations come to a halt because of a 0.57% difference: the union calls for a three-day strike

Three days of strike to obtain a 0.57% salary increase. The members of Community Union that are workers of NCT Leather, historic Scottish tannery located in the small town of Bridge of Weir, about 20 kilometres from Glasgow, have decided to ‘cross their arms’ from February 4th till the 6th, putting a stop to the...

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Tapestry and Capri Holdings set strategies to challenge LVMH and Kering

Aiming to close the gap between their business and LVMH and Kering, American Capri Holdings and Tapestry realized it is high time they were focusing on leather goods accessories, even though the market is rather packed. Reasons for that are crystal clear. Several luxury brands, which first came up as fashion houses basically, became extremely […]

France’s leather industry faces a few ups and many downs in 2018 while reptile is booming

Statistical surveys over imports and exports of reptile skin have been carried out prior to Chanel’s decision to give up “exotic skins”: in fact, the economic analysis issued by CNC (France’s association of the leather businesses) is about the first 11 months of the year, including November, whereas the announcement made by Bruno Pavlovsky, chief...

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Smart kick-off for Lineapelle New York, but despite US instability. Buyers like products supply, while paying (close) attention to prices

A smart kick-off, along with market instability. A positive start for Lineapelle New York, which opened its stands yesterday, at the Metropolitan Pavilion, to present and show summer 2020 trends (mostly summarized in the Co-Natural main theme). The exhibition is going to close today. Talking about attendance, quite several visitors turned up to get in […]

A booming 2018 for LVMH: 46.8 billion in revenue; while Ferragamo hits the brakes in 2018: revenue down 3.4%

Leather goods are the engine that allows LVMH to hit a record. The French luxury conglomerate closed 2018 with 46.8 billion euro in revenue, which meant a 10% increaseon 2017’s numbers, while net revenue was up 21%, to a staggering 10 billion euro. Additionally, the group’s margins increased by 1.9%, bringing them to 21.4%. Net incomeincreased by 18%, equal to 6.3 […]

South Africa, leather industry to the rescue: the government pledges to create a program that will “create 60,000 jobs”

South Africa’s government is defining a plan for the development of the clothing, footwear and leather goods’ industries. The goal: “To create 60,000 jobs and create a more competitive chain”. Bulelani Magwanishe, vice-minister of industry, announced it at the opening of a new Africa Bespoke Apparel’s production site (ABA), in Verulam. ABA is the first […]

Tod’s group 2018 revenues go into a decline (-2,4%): footwear and leather goods lose ground, brands slump. Della Valle preaches optimism though

Tod’s group made public their preliminary figures about 2018: at the end of the year the group’s revenues amounted to 940,4 million euros, therefore decreasing by 2,4%, at current rates of exchange, and dropping by 0,5% at fixed rates of exchange. Quite a disappointing performance, according to analysts’ expectations: in fact, Mediobanca’s forecast was about […]