Bad news for Farfetch, as problems aren’t over. It’s worse. Kering and US retail group Neiman Marcus have stopped doing business with the e-tailer. Moreover, some creditors (some with over 400 million USD), is demanding the company is sold off to regain some of the losses. They also accuse founder Josè Neves “to have undertaken […]
“A temporary stop is manageable, but never before have we had a stop to orders this massive: it’s impossible to manage”. Voicing the struggles is Marco Pandolfi, owner of Giuni’s Wallet in Scandicci, which is a manufacturer of leather wallets and keychains. His company is just one of the many being negatively affected by the...
“The system is sick, and we must face the situation to cure it”. Scandicci’s leather goods system is suffering, and according to Paolo Brogi, spokesperson of CNA Toscana, the problem is structural. “The production processes must be reviewed – he explains -. Timelines demanded for delivery don’t contemplate a stop to production. The forecasts don’t...
The message from the market has come through loud and clear to the higher-ups at Polestar. Swedish electric car brand, which has just lost Volvo’s stake, now supports leather and the goodness of the tanning industry. The news is not so much in the partnership with Bridge of Weir, which was already its materials supplier....
What will stop Hermès? The brand managed to improve on its already extremely standard with regards to profitability. The ending line of the statement for 2023 reached a historic high of 42.1% of revenue, compared to 40.5% in 2022. No other player in the luxury industry is capable of doing the same thing. The result […]
Supported by China (which grew 84%), Longchamp has grown 44% on yearly basis this year. The French brand doesn’t provide the details of its financials, but provided some data points to showcase the performance of 2023. Longchamp opened 7 new stores in China, to make the total 40 retail points. Sales from the digital channel […]
A breath of optimism arrives from the Rising Sun. The 63rd edition of Moda Italia and the 73rd of Shoes from Italy ended on Thursday, 8 February, in Tokyo. They had opened on 6 Tuesday at the Belle Salle Shibuya Garden exhibition centre. 116 brands were present: 24 in footwear, 45 in leather goods and...
Ermenigildo Zegna Group is investing in an accessories production site for footwear and leather goods in Sala Baganza, near Parma. According to news sources, the goal is to strengthen production and give value to the Italian chain, as the project also aims to train a new generation of artisans. The opening of the site is...
For Bangladeshi leather, the moment, as they say, is fateful. Because in a negative market phase, the industry finds itself without even export incentives anymore. On 30 January, the Central Bank announced the package of measures needed to comply with the WTO, which classifies tax exempion above a certain level as a form of public...
“In the next five years, fashion made in Italy will grow by 20%”. This are the words by Carlo Capasa, President of Camera Nazionale della Moda Italiana (the National Chamber for Italian Fashion, ed.), during the press conference presenting the next Milan Fashion Week (20-26 February). This +20%, again according to Capasa (in photo), will...
Sales are falling, now that luxury is in the “normalisation” phase, and brands are reviewing their strategies. They are not only focusing on how to increase revenues (mostly by raising prices and expanding the offering into new categories), but are also thinking about how to reduce costs. Each, in a polarised market, as they can. […]
While waiting for the Confindustria Moda galaxy fairs to open their doors in Milan (Sunday 18 February: Micam, Mipel, TheOneMilano; Tuesday 20 February: Lineapelle), the international trade fair circuit archives ILM Offenbach. Meanwhile, Moda Italia and Shoes from Italy are kicking off in Tokyo. The protagonist is leather goods, the reference sector for the German...
Zegna‘s iconic leisure trainer gets a makeover thanks to an innovation by the artisans of the historic group. Whom, for the Triple Stitch Secondskin have chosen glove leather. Only 0.8 mm thick, Secondskin is light, soft to the touch and perfect for the upper and lining. The result is a shoe that combines an innovative...
Priscila Alexandre Spring, creative director of Hermès leather goods, opens the doors of the maison‘s atelier in Pantin, near Paris, during a video interview for Vogue. An exclusive journey (that you can watch by clicking here) that starts from the sketch, and focuses on the prototyping of bags such as the Kelly, to the choice...
In light of poor market results, Volvo has decided to dismiss its 48% stake in Polestar. The market applauds the Swedish group, with a 27% rise in its share price, while punishing the “vegan first” electric mobility brand with -14%. Apparently, Polestar’s story is not yet in its final chapter. Majority shareholder Geely Group (which […]
There is something paradoxical in the criticism moved by Veja towards the European leather chain. And right away it’s to be said that the sneakers’ brand isn’t at fault, but the problem is rather tied to the debate over transparency of the value chain. While talking with Vogue, co-founder Sébastien Kopp explained he moved part...
Full-coverage monitoring for its direct suppliers. Creating a system to favor control over indirect ones. The launch of Full Traceable Leather to guarantee the origin of the hides across the entire chain. Minerva Leather, tanning division of Brazilian meat group Minerva Foods, is investing resources and making strives in favor of traceability. Traceability according to […]
The market needs novelty and stimuli. Lineapelle New York has now become the event capable of supplying, every 6 months, novelty and stimuli. And even when the period isn’t as positive, it pushes the market to restart. The edition held on January 31st and February 1st has shed light over the liveliness of the segment. […]
Italy’s fashion system is ready to face the challenges of Ecodesign, the regulation approved last July by the European parliament, which in December surpassed the so-called Trilogue. Yet, points out Annarita Pilotti (president of Confindustria Moda), the textile and accessories segments need different sub-sets of rules: “Textiles and footwear will be among the first to...
Durability and reparability are two criteria for defining a product as sustainable. The European Union has also sanctioned this with its anti-greenwashing and eco-design regulations. Well: leather bags are repairable, because leather is durable by definition. For years, more and more customers have been turning to leather goods repair services and, finally, even the generalist...
