Outcomes and “new energy” for Burberry, whose financial statements go beyond expectations, after completing CF&P (Scandicci) leather goods buyout

Burberry’s financial statements, closed on March 31, went beyond expectations a great deal: adjusted profits increased by 5%, going up to 467 million pounds, therefore going better than expected (453 million pounds). In the same period, operating profits increased by 4%, going up to 410 million pounds, and net profits went up to 294 million […]

Counterfeiting: things are getting worse and worse. The internet conveys 31% of fake products, which cause luxury to lose 98 billion dollars

Fake products keep increasing, also because of the internet. According to 2018 Global Brand Counterfeiting Report, issued by Research and Markets, the luxury industry’s estimated losses, caused by counterfeiting, in 2017 amounted to 98 billion dollars (83 billion euros). Over 31% of them, that is 30,3 billion dollars (25,7 billion euros), come from the web. […]

Brazil’s leather exports slump in April, as they drop by 15% in value (volumes go up by 4,2% though). Good news just for crust

Brazil’s leather exports have been collapsing with regard to value. In fact, in April Brazilian raw material exports considerably decreased, in terms of value, -15,12%, compared to last year same period. Earnings coming from sales reached 137 million dollars. Such data have been provided by the Secreteria de Comércio Exterior (SECEX), the Brazilian government agency […]

Tod’s “quarter fulfills expectations”, but sales drop by 5,2%. Della Valle expects “to achieve excellent accomplishments in a timely manner”

Tod’s sales have been decreasing, still “are fulfilling expectations”. In the first quarter, the revenues of the group, run by Diego Della Valle, reached 226,1 million euros (-5,2% at current rates of exchange and -1,8% at fixed rates of exchange). “Accomplishments achieved in the quarter have been fulfilling our expectations, but we know that still […]

Lineapelle heads for Spain to present winter 2019/20 trends in Igualada and Alicante

Lineapelle’s style roadshow goes on. Next destination, reached yesterday and today: Spain. First around Igualada tanneries, then in the core of Elche footwear cluster. Lineapelle has come over to Spain to present a sneak preview of the style key trends for fall/winter season 2019/2020, formerly designed by LP Fashion Committee. Yesterday the workshop (in cooperation […]

Number 05

PETA ASKS THE BIG INTERNATIONAL PUBLISHERS TO INCLUDE SYNTHETIC MATERIALS IN THEIR DICTIONARIES UNDER THE HEADING “LEATHER”. LA CONCERIA REPLIES INVITING ITS READERS TO THE MOBILIZATION. THE BATTLE OVER THE CORRECTNESS OF TERMS IS A WAR OF CIVILIZATION. RADICAL VEG DO NOT TRANSFORM THEIR MARKETING INTO LAW. THE CASES OF BONDED AND FUR

Automotive: Faurecia speed up in the first quarter (+9,3%), GST encourage designers to believe in leather, “more sustainable than synthetics”

Faurecia are celebrating their great performance. The French group, a global player in the automotive sector, expanded their business in 2018 early quarter, as revenues coming from sales increased by 9,3% (4,3 billion euros), achieving a good performance in all countries and divisions. The Seating department, which drives 42% of the overall turnover, increased, in […]

At ICDA Member’s Meeting UNIC meets again chromium manufacturers to set cooperation and synergies

Readiness to liaise and mutually collaborate, with regard to market trends and provisions, looking at communication as well. UNIC (Italian Tanners Association) headed for Paris to participate in the Member’s Meeting (which took place on April 24-26) promoted by ICDA, International Chromium Development Association. Since 1984, ICDA, a worldwide organization, have been “representing, supporting and […]