US shopping: a dark November for leather goods and luxury apparel. But with election uncertainty gone, consumers may be more willing to spend on high-end. November data compiled by Citi on credit card swipes in the United States are negative, even if the trend in the past three months shows a narrowing gap on 2023....
Mercosur-EU agreement reached, but to be ratified. Some European countries, including Italy, are not in favor. Entrepreneurs in some sectors – such as agricoluture – are also against it. The fashion supply chain is, however, in favor and has been calling for its ratification for years. All this while the South American shoe market is...
Analysts are divided on luxury. While Deutsche Bank had published a surprisingly optimistic report, UBS, on the contrary, sees gray. In 2025 there will not be that turnaround predicted by the German bank. It will happen the following year, according to the Swiss entity, which speaks of luxury fatigue and consumers increasingly questioning the value...
Alliance France Cuir, the association representing the entire French supply chain, launches its new campaign in defense of leather: “Rien n’imite le cuir aussi bien que le cuir”. Produced together with the agency Matter of Fact, Alliance France Cuir plays with iconic objects (bags and shoes) generally made of leather, but in this case combined...
In recent years, the marriage of fashion and design has reached very high heights, and leather, which has always been a symbol of craftsmanship and luxury, is taking centre stage in the re-edition of iconic lamps. The latest collaborations between Bottega Veneta and Flos, and between the brand Marsèll and Frederik Fialin Studio, are crystal […]
Argentine tanning group Sadesa has announced the opening of a new tannery in Saigon, Vietnam. Its goal is to produce high-quality leather for sports shoe uppers. With a production capacity of nearly 2 million square meters of leather per month, the new facility “stands out for its use of advanced technologies and a strong commitment […]
Not just Öetzi. As temperatures rise and glaciers melt, bodies and goods are emerging after having been frozen for centuries, or even millennia. The study of these ancient artifacts from melting glaciers has given rise to a new scientific field: glacial archaeology. And hides are almost always present. A fashionable man “Before the discovery of...
There is still to talk about EUDR, the Anti-Deforestation Regulation launched by the European Union and which has triggered a storm of reaction from many continental industries. Starting with the tanning industry. Well, as had been announced – and as UNIC – Italian Tanneries communicates in a note – “the EU Council and the European […]
Of course, outgoing president Maria Vittoria Brustia can rightly claim to have led Assomac through years of “major challenges”. But now that she is succeeded as president by Mauro Bergozza (CEO of Bergi), the economic situation calls for solutions (and soon) against the crisis. While the market is showing widespread signs of slowing down, the...
The French leather supply chain is holding up in 2024: in the period from January to August, the trade balance shows little change year-on-year. Alliance France Cuir, however, fears 2025. All things considered, leather is holding up in 2024 According to data from the association representing the entire industry, the country is expected to maintain […]
A new change of ownership is brewing for Woolrich International. The brand, which Luxembourg-based L-Gam bought a majority stake in, in 2019, with the aim of expanding it internationally, is reportedly about to come under the control of Chinese holding company Baoxiniao Holding. In 2016, Woolrich Europe had merged with its U.S. parent company, while […]
Dior is taking action on the supply chain by creating a new industrial department, which will be in charge of strengthening production capacity in the long term and ensuring the continuity of its know-how. The decision, many note, seems to be influenced by recent news events: Manufactures Dior (the Italian operating arm of the fashion […]
It is leather goods that are the joy of Galeries Lafayette in Paris and real estate owners in Milan. In the USA, meanwhile, HBC (the parent company of Saks Fifth Avenue) is one step closer to acquiring Neiman Marcus for USD 2.56 billion. The joy of Galeries Lafayette Galeries Lafayette in Paris announced that they...
You don’t hear stories like that, especially lately. Yet, it still happens that a company, in this case a leather goods company, closes the year with extraordinary results and chooses to reward its employees. All thirty-five of them. It happened in Florence, at Scuola del Cuoio (founded after World War II as an artistic workshop […]
The transaction does not cause any “anticompetitive effect due to the pre-existing situation of joint control by the acquiring company over the target company and its subsidiaries”. Words from the AGCM (Autorità Garante della Concorrenza e del Mercato), relayed by Teleborsa and Milano Finanza, in relation to Gucci Logistica’s transfer from 51 to 100% of […]
The price bubble has turned into a brands’ impasse. Analysts are wondering about the possible solutions: they rule out continuing raising prices, but also starting with the lowering of said prices. That would be another mistake that would drive customers away. The impasse of the brands Luca Solca, analyst at Bernstein, compiled with WWD a […]
There is a new way to get to that handbag you have always wanted: sales. Fashion has been jacking up prices for a few years now, and to empty the full warehouses it has, there are now sample sales. What were once private events for employees and families, are now the place to be for...
Miu Miu’s stellar performance is no accident, nor it’s ephemeral like certain other events: the brand is set to become really big. At least that is what’s believed by a growing number of analysts, who are convinced that Miuccia’s creature will put additional gasoline in the Prada Group’s engine. CEO Andrea Guerra, meanwhile, has explained...
While the competition for supremacy in the sneakers’ market is being fought between Nike and Adidas, a new development has presented itself (as the former was ahead but the latter on the rise): the technical shoe. And it’s precisely in this framework of old and new players that a potential partnership between Golden Goose and […]
“The best sneakers for winter are made of leather. And, currently, there is no good alternative to leather”. German sneaker guru Amadeus Thüner says this. He is one of the best-known sneakers experts, in the industry for almost 20 years, a cultural marketing consultant and founder of the “Oh! Sneaker Media” dissemination platform. The German […]
