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 […]
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. […]
Marten Hoon, analyst at Deloitte, opened UITIC 20th edition, which went on in Porto for two days. Yet, actually, his speech also gave the audience some valuable hints to understand the gist of the event and get right directions: innovation, that is, readiness to take up “exponential technologies and emerging business models”, is not just […]
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 […]
Hanging on such business trends, Brazilian Marfrig group, one of the top players in the meat industry worldwide (in Brazil they attend to 23% of overall national slaughtering), may well be confident about their prospective financial expansion. Waiting for further good news then. In fact, accomplishments achieved in 2018 first quarter are brilliant. The group’s […]
Bizzarri and Michele are gearing up to climb on top of luxury. On the other hand, Louis Vuitton stronghold lies on sound grounds, and may still expand their business to a considerable extent. Such is the challenging duel to become the top luxury brand, which is also a competition between two French giants: LVMH versus […]
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’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 […]
Good news and bad news, at the same time, for German Lanxess chemicals multinational corporation. The good news is that overall sales have increased considerably at the end of the first financial quarter: +6,8%. In terms of revenues, they reached nearly 2,6 billion euros. The top management of the group believe that such good performance […]
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
Figure trends are not so outstandingly good as the ones of other French brands, but they are remarkable anyway. In fact, in 2018 early months Hermès’s sales increased by 3,1% (+11% at fixed rates of exchange), therefore leading the overall turnover up to 1,39 billion euros. Thanks to such revenues, the group’s performance went beyond […]
Yesterday TFL inaugurated their new Global Fashion Center in Castelfranco di Sotto (Pisa, Tuscany). The multinational corporation, which offers chemicals for the leather industry, announced the opening as the beginning “of a new age”. “This area will become our footwear and leather goods world center – pointed out Giuseppe Procopio (Head Manager Finishing Central and […]
The message is clear, even more than figures (which are very positive): business around interiors (not just for cars, but also for all means of transport) is bound to expand considerably as long as it is ready to develop “constant points of convergence and synergies” with innovation. Such is the message coming from Lear’s quarterly […]
Talking about a very topical issue, namely cattle traceability across the overall leather industry. As reported by Leatherbiz portal, there is currently a lot of debate about that in Uruguay, amongst other countries. For the records, Alberto Gonzàlez Buceta (in the picture, taken from elobservador.com.uy), chief executive officer of Frigorìfico Las Piedras, made a speech […]
ILM to reschedule exhibition not to be simultaneous with Gallery Shoes. On the agenda in February 2019, the leather goods fair held in Offenbach, Germany, twice a year, will take place a few days ahead of its usual scheduling to avoid concurrence with another exhibition, namely Gallery Shoes, in Düsseldorf. Next year ILM will kick […]
Starting from today, Versace are launching, in the United States, Chain Reaction (on the left), their new sneakers collection designed in collaboration with rapper 2 Chainz. Sale price is going to be 920 dollars a pair. On the one hand, customers may find the models on display in the company’s shop windows at SoHo – […]
Let’s say thanks to the luxury vehicles growing business, whose turnover moved from 10% up to 13%. Most of all, let’s say thanks to the great performance achieved by crossover models: in fact, the interiors of 53% of them are upholstered with leather. Actually, in the United States leather has been remarkably affecting the automotive […]
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 […]
In the years to come leather will be sustainable, in the manufacturing processes, lighter, to enable cars to lower their emissions, connected and provided with new solutions to ensure its color and cleanliness endurance. Such are the distinguishing features, according to Stahl, of prospective leather for the next car interiors. We are not just talking […]
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 […]
