Too bad that on this side of the hemisphere one has to look at the conversion of automobiles from thermal to electric engines with concern. Because China’s electric car boom, on the other hand, includes leather and therefore drives tanneries’ production. The industry in the People’s Republic, lucky them, has not taken the bait of […]
CICB’s guide offers Brazilian tanneries an operational tool to ensure the traceability of the materials they process and export. It helps them get up to speed with what is required by the national forestry law and, to protect trade relations with Europe, beside from covering what the EUDR anti-deforestation regulation requirements. Finally, the guide by […]
Creating a leather cluster in Bugesera Special Economic Zone in Rwanda’s border with Burundi. Making the announcement, reported by NewTimes.co.rw, is Fred Mugabe (director general of promotion of industry and business development at the Ministry of Trade and Industry). The project is aligned with what was already initiated in 2021, as the Rwandan government aimed […]
September, the carousel of trade fairs is coming. It starts and finishes in Germany (from Offenbach and Düsseldorf to Munich), touching on three continents. But the crucial stages will be – as usual – in Italy. Precisely in Milan, where the entire supply chain is involved. From producers of leather, materials and accessories to manufacturers...
Record sales and disappointed investors: such is the fate of Birkenstock. In the third quarter of its fiscal year, April to June 2024, the German sandal manufacturer’s revenues grew 19.3% to 564.8 million euro. A figure slightly below analysts’ estimates (565.2 million euros). A disappointment that led – yesterday and today – to a collapse...
Low prices and booming handbag sales. This is how retailer Kurt Geiger is emerging victorious from a 2024 that is hurting many brands and retailers. Geiger achieved record sales in the last fiscal year, and now it’s time for the investment fund that owns the brand to explore a possible sale. Kurt Geiger pushed on...
2024 hasn’t brought setbacks to all. Consumption is going down but the doors for exciting new opportunities are always open. Socque Paris, a women’s shoe brand born in 2021, is experiencing an increase in direct-to-consumer sales, and at the same pace, the wholesale channel is developing, following several retailers showing interest in its products. The...
Once an absolute guarantee for the winter wardrobe, today leather has ceased to be a seasonal prerogative only. And if the must-haves for summer 2024 include at least one leather garment or accessory (boots take the top spot), the reasons for this trend are to be found in music festival looks. And in the trends...
In the era of “the weirder the more viral”, it can happen that JW Anderson, designer and creative director of Loewe, gets inspired by a user’s comment on social media and creates a tomato bag. Nothing new, if we think that for the past few seasons we have been seeing all kinds of accessories on...
New acquisition for Rochet Group. The French company, founded in 1908, specialises in the manufacture of watch straps (in leather and other materials) and leather goods. It has bought Sibra, a leading manufacturer of original equipment watch straps. This is the second acquisition after Bouveret in 2021. But Rochet Group CEO Charles Brunet has already […]
Consumption slows, fashion slows. For Salvatore Ferragamo, Aeffe Group, and Geox, the first half of 2024 provided negative signs. Hugo Boss and Manolo Blahnik, however, also experienced a gradual slowdown in sales. Salvatore Ferragamo In Salvatore Ferragamo’s (photo from ferragamo.com) first-half 2024 financial results, an operating profit of 28 million euro jumps out. In other...
Managerial circularity also exists. For example, that of Furla, which, for the third time, appointed Eraldo Poletto (pictured Imagoeconomica) to the role of CEO. Poletto, after eight months at Diesel and just over a year at Santoni, returns to lead the Bologna-based leather goods brand, having done so from 2010 to 2012 and 2013 to...
FineWoven has been left on Apple‘s back, forcing it to betray its own unique DNA. Yes, because once upon a time there was Steve Jobs‘ bitten apple, the technology brand that adopted the marketing strategies of luxury brands. Which ones? High positioning, scarcity (within a certain limit), strict control of distribution and, for that, no...
Time passes, but Tesla‘s so-called veg leather is not gaining admirers. Quite the contrary. SlashGear, an online technology portal, crushes it in no uncertain terms: it is not as durable as real leather, it swells and is difficult to maintain. In addition, SlashGear’s editorial team addresses a point that is very dear to us: they...
Furla, refinancing and restructuring debt. The Bologna-based leather goods brand has entered the negotiated debt settlement procedure, which only concerns financial debts. At the same time, it has allocated EUR 25 million. Furla enters the negotiated debt settlement procedure Furla decided to use the negotiated settlement procedure to restructure its debts to banks. According to […]
The fight remains uphill for Gucci. After losing 21% of revenue in the first quarter, the brand’s sales fell 20% in the April-June period. The half-year balance: –20%. Analysts expected better. Parent company Kering is following the same path, which was further confirmed in the second quarter (and 6 months), after the -11% of Q1. […]
While many slow down, Hermès accelerates and shows off its solidity, as the brand grew at a double-digit rate during the April-June period and closed the first half of the year with 7.5 billion euro in sales (+15% at constant exchange rates and +12% at current exchange rates). Margins proved in line with those of […]
The revenge of “little guys.” Giants like LVMH and Kering seem to be suffering more from the luxury slowdown than some smaller (let it be said…) and independent brands like Hermès, Moncler, Zegna and Cucinelli. The bias does not seem to be rewarding the conglomerates, which analysts and insiders have always described as more resilient....
Loewe surpasses Miu Miu and Prada and becomes the hottest brand of the moment. This is confirmed by the Lyst Index ranking for the second quarter: the brand that LVMH has entrusted to the care of J. W. Anderson has experienced a surge in popularity. Its garments have seen a 29% increase in searches over...
Independent, original and unusual. This is how CEO Jean Cassegrain sees “his” Longchamp, the French leather goods maison founded in 1848. Although not releasing financial figures, the company said its revenues grew by 44% in 2023. Cassegrain also attributes this growth to its pricing policy and, in the meantime, reiterates that there is no chance...
