“We want to keep growing, in a balanced way, further widening our product portfolio. There will be new entries and we will continue on this path. Not just leather, but high-end textiles too are of interest to us”. That’s what Matteo Mastrotto, CEO of Rino Mastrotto, said during an interview held during Lineapelle. And so...
Two hundred million euros from the LVMH group to buy Leo Shoes. This, according to a series of news reports carried by Mergermarket, a financial information group controlled by the Bc Partners fund, is the investment that Bernard Arnault is ready to put into play to take over the majority of the Salento-based shoe manufacturer,...
Rimowa (LVMH) will launch a leather suitcase. Founded in 1898 as a saddlery shop, the brand shifted to manufacturing suitcases later on. They were made with leather until the 1930s, when it introduced aluminum. Material that, throughout the decades, became a brand staple. On Thursday, November 2nd, Rimowa looks back to the past and will […]
They say the Arnault family plans on brining Louis Vuitton from a revenue of 20 billion euro (today) to 30 billion euro. LVMH doesn’t publish the results of individual brands, but according to analysts, even with the industry slowdown, the admiral brand is growing at the same rate as the leather goods’ division. That means...
After two years of waiting and procrastination, Phoebe Philo‘s first collection has arrived. The style is the designer’s usual: classically cut dresses, broad shoulders, tight trousers, some extravagance. Such as an asymmetric skirt embellished with fringes and leather jackets (lots of leather), embellished with high shoes and accessories with a British flavour. The first collection...
Hermès doesn’t need a star designer, a creative director making the news. It never had one nor ever needed one, even at a time when Louis Vuitton entrusts the men’s collection to a popstar (Pharrell Williams) and Gucci tries to get out of the shadow of Alessandro Michele. That’s one of the reasons why Hermès...
The market rewards the slow-fashion ethics of Peru-based Passeri. The “cobbleria” makes everything in Peru. Even raw materials used are local, including leather and textiles, both helpful to maintain the traditions of the Quechua population. “In the first 9 months of 2023, we more than doubled sales compared to last year, and Christmas is still...
The Argentine leather supply chain collects two pieces of good news. The first: the shoe industry has taken the first step to be considered “strategic”. Consequently, it will receive the support of the new government (presidential elections are underway). The second: Curtidor Industrial Park (PIC) in Lanús is nearing completion. It will provide better infrastructure […]
Even two thousand years ago, there were luxury shoes. This is proven by the discovery of a leather sandal at a depth of about 3 metres at the bottom of a well in Lugo de Llanera, northern Spain. The mud in which it was immersed preserved it very well, as can be seen in the […]
When getting a score on the matter of sustainability, the top performing company in Europe received a 7. A good score, but a lot more could be done, and it could be done better. When it comes to green transition, the improvement must arrive swiftly. These are the key takeaways from the second edition of...
“The government is not keeping in the fashion industry top of mind”. Carlo Capasa, president of Camera Nazionale della Moda Italiana (CNMI), calls out the financial maneuver for not including the fashion industry. And there is also no sign of the of the 12 proposals presented by Capasa (in photo) to the minister of Made […]
Sabato De Sarno (pictured, left) remembers well that impressive moment, the one from which the creative process for his first Gucci collection started. “I started from an archive Jackie”. On 21 October, Rome hosted Forces of Fashion, Vogue event on the voices of fashion, their experiences and inspirations. Many designers were present, from Maria Grazia...
The comparison is between two symbols of the fashion world. On the one hand, Dior’s Book Tote, designed directly by creative director Maria Grazia Chiuri. On the other, Fendi’s Peekaboo (which turns 15 this year). A bag created by the current designer of the men’s line, Silvia Venturini Fendi, together with Karl Lagerfeld. Years of...
Luxury slows down and selects suppliers who are called upon to invest in order to meet the parameters and demands of the brands. In a highly competitive environment, Desa is emerging and pushing the investment of the leather goods factory in Poppi (Arezzo). “By the end of the year, 65-70 people will be working there,...
Hermès slows, but less than expected. “We are probably less exposed, given our value strategy. And maybe also thanks to our customers’ loyalty and level of quality”, said to journalists Eric du Halgouet, VP of finance for the brand. Hermès’ sales reached 3.37 billion euro in the third quarter of 2023, up 15.6% at constant […]
Prada Group aims to double its size without acquiring new brands: “We have no need”, said CEO Andrea Guerra. “Too many people have the alibi of being niche. We are forced to grow a lot in the coming years. We aim to double our size in a non-definable time period”, stated the manager, who sees...
Kuoyo is marking time for growth. Although luxury is slowing down, the leather goods company founded in 2017 in Scandicci (Florence) wants to double its turnover (17.6 million euros in 2022) and triple its production capacity. Also through new acquisitions that are already being evaluated. The creator of this successful start-up is Fabio Fatarella (in...
If governments and industries (including the fashion industry) are committed to fighting global warming, natural materials are their main ally. First and foremost, leather, which is sustainable and natural. In view of the 2023 United Nations Climate Change Conference (COP 28), to be held in Dubai from 30 November to 12 December, the international tanning […]
The anecdote comes from Australia, where Jason Gordon, a sheep breeder in the state of Victoria, is desperate. “Now I have to take on the cost of disposing of the leathers in landfills”, he vented to ABC Rural. “Up until a few years ago, I was being paid more than AUD 30 for each of […]
Financial statements by Cucinelli and Ferragamo show opposite results. At constant rates, revenues for Cucinelli grew 28.8% during the first 9 months of the year (on yearly basis), while Ferragamo’s decreased by 9.2%. The stock prices for the two companies reflect the results. Marco Gobbetti, CEO of Ferragamo, wasn’t moved much by the results and...
