Tell it differently. Telling it in different places. Arouse interest and amazement (not necessarily in that order). To trigger, across-the-board, a sort of green upgrade of the Italian tanning narrative. We could summarise it in the slogan “there is more beyond leather”. In the sense that, in addition to the excellence of the material itself,...
G.M. Leather becomes a minority shareholder of Chiorino Technology. The Arzignano-based group has acquired 18.92% of the share capital of the Biella-based company. The binding agreement was signed between G.M. Leather and the shareholders of Chiorino (the majority shareholders Arcadia and Marco Toscano) and provides for a capital increase of 1.85 million euros to be […]
The aim is to precisely draw the technological horizon of the future. But, to achieve this, it needs to start right away: now, at this very moment. In other words, the time has come for the leather industry to co-design. Launching the call for this new collaborative vision was Assomac, the association that brings together...
Tapestry better than Capri Holdings. The back-and-forth swinging trend of the two groups (undergoing a merger) emerge from the results published by them for the 9-month period. Tapestry reached record revenue and earnings per share, with CEO Joanne Crevoiserat highlighting the importance of handbags and leather goods for the group’s results. Capri Holdings’ results were...
The normalization of the trend of the luxury industry has hit Richemont as well. +19%on the April-June period and +5% from July to September. Growth has slowed and the stock price is down. But president Johann Rupert, who is usually prudent when commenting results, reassures everyone. “I am optimistic with regards to the medium-term. I...
Gruppo Tod’s has an ace up its sleeve: leather goods. The sale of handbags, backpacks and accessories, during the first 9 months of 2023, increased 19.5% at current exchange rates. Better than footwear (12.3%), but overall Gruppo Tod’s revenue grew 14.3% in the January-September period, compared to the same period of 2022. In light of […]
The priority clearly emerges from the 7th World Footwear Congress, organised in Istanbul (8-9 November) by TASD: global shoe industry wants to accelerate in the direction of sustainability. That is, it wants to be part of the collective effort to green reform society. “If this means that there is a need for circular, biodegradable, durable...
The common thread is the goal: correcting errors in the manual conveyor to enable industry groups to be more efficient and timelier. The perspective, however, is slightly different. Because when Jon Ram (pictured, right) talks about his interventions in the production operations at Clarks, of which he is CEO from April 2022, he is referring...
Trussardi remains in the dark tunnel and there is no light on the horizon. At the moment, there is no response to the rumors regarding potential investors interested in buying the company, or the brand, or the operational entity TRS Evolution. Since last March, Trussardi has been currently working with the courts in Milan on...
Shareholdings, perhaps stable or perhaps growing, and synergies to be developed in horizontal or perhaps vertical relationships. The ties between Filograna and LVMH are close and it seems, reading the press review, that they could get even closer. Because journalistic sources claim that the French luxury conglomerate, which already shares stakes in some of the...
Ongoing staff training, team building and an in-house Academy for under 30 talents. Russo di Casandrino, “a company from Napoli that for over 60 years has been producing high-quality leather for the leading luxury brands”, is writing a new page in its development and consolidation strategy. It does so by “investing in young people and […]
The 8-point improvement on the previous year allows Dani, Vicenza-based tanning group, to reach a significant result: entering the club of companies being awarded the Platinum Medal from the international platform EcoVadis. Dani thus reaches the top of a green ranking, which is considered to be among the most recognized and reliable in the world. […]
Uniting, on an educational and academic level, the design sector and the Italian leather industry is possible. The demonstration is the project presented yesterday at the Belvedere di San Leucio in Caserta by Università degli Studi della Campania Luigi Vanvitelli. It is called International Conscious Leather Design Academy and is proposed in collaboration with Officina […]
The Prada Group is going strong in the first nine months of 2023, but has two concerns. The first is leather goods, which grew by only 1% in the June-September period, while footwear did +10%. For CEO Andrea Guerra, “the market is taking a breather” after years of sustained growth. The second headache is the […]
L Catterton (LVMH) adds 15 million euro in Etro’s capital. The capital injection was made necessary after the losses recorded in 2022: 23.6 million euro out of 282 million of revenue. The decision was also forced by the decision to merge it with Nuova Publitex. From the documents, there appears to be a misalignment between […]
Gone is the season of the mini bag, accessories so small that they contain only the bare essentials. On the catwalks for spring-summer 2024, the new trend of the season has emerged: capacious, oversized bags, full to the brim, scratched or worn, in stark contrast to the rigidity imposed by discreet luxury. The new fashion...
The complexity of the leather segment and that of the current market conditions. Conditions launching challenges for the industry, and demanding well-defined priorities. Such as sustainability ones, given the urgency with which these need to be faced and the tools required. We discuss this matter with Chiara Mastrotto (in photo), president of Gruppo Mastrotto. The...
Debunking is the term used in journalism to “demystify” a topic on which a lot of misinformation circles. It’s what The Guardian wanted to do regarding the Dublin Declaration, the document signed by over 1,000 scientists from around the world regarding the sustainable level and social utility of the livestock industry. Too bad the British...
“We don’t feel any slowdown. In the last two years, we have doubled”. The words of Laura Nardi (centre, pictured), a member of the board of directors of Bianchi e Nardi 1946 (Scandicci) along with Gabriele and Giulia Bianchi and Alessandro and Andrea Nardi, sound discordant in relation to the current slowdown. “We had grown...
“It is more difficult to produce than to sell”. This is why Philippe Montagne moved from France to Italy to produce his travel luxury accessories. Passionate about art deco and travel, Philippe founded the brand MPM in late 2022. “Because there are very few brands in travel luxury. The first goal of the French at...
