Apple has no intention of learning from its mistakes about leather. Yes, because on the one hand FineWoven languishes discounted on Amazon, while on the direct e-commerce channel it gets rid of the very latest accessories. On the other, the gossip around Cupertino does not forwarn a (understandable and reasonable) return to leather, but an...
There will be 1,259 exhibitors from 43 countries. They will set up their booths from 17 to 19 September at Fiera Milano Rho giving life to the 104th edition of Lineapelle, the “leading trade fair platform in the global context of the supply chain for the fashion, luxury and design industry”. An event that, in […]
“The concurrence of the events once again highlights the commitment to build an integrated system, demonstrating the fundamental importance of uniting supply chains that share history and values”. Lineapelle, Simac Tanning Tech, Micam, Mipel, TheOneMilano, and Milano Fashion&Jewels, a.k.a. the global benchmark tradeshows for fashion and luxury supply chain that will open their stands at...
China is suffocating the luxury segment, with stocks seeing no light at the end of the tunnel. On Thursday, September 5, shares of some of the major European luxury goods players fell sharply. For example, Hermès, which lost 6%. The day before, Morgan Stanley revised (down) its forecast for LVMH stock, which lost more than...
It’s no longer in the confines of wealthy ladies shopping the streets of Cortina. After a decade, ostrich leather is coming back, and this time, without the “grandmotherly” allure of wealthy circles. Because in the wake of animal rights protests, the precious material had disappeared from the radar or, rather, brands had scaled back its...
Okay, saying Volkswagen may go bankrupt is an exaggeration. But it’s certain that the German auto group faces one of the deepest crises in its history: for the first time, it’s considering closing plants in Germany. And while the group’s stability is in question, what is management in Wolfsburg worried about? Presenting a fabric developed […]
The long-awaited boom in vegan alternatives to leather is reminiscent of the revolution according to that Giorgio Gaber song: “Not today, maybe tomorrow, the day after tomorrow for sure”. Yes, because the trickle of articles and press releases about new, unfailingly “next-gen” materials is so far only a media boom. The expected industrial impact (invariably...
Approaching new markets and benefiting the reshoring from China. Calzados Bonadona is a shoe manufacturer based in Cehegìn, in the Murcia region of Spain. Founded in 1994, it is led by Bernardo Martinez Garcia and Mariano Tudela Alvarez. Bonadona specialises in the production of espadrilles, which is concentrated in October and November. Shipments take place...
Gucci’s style office is growing. The creative director of the Kering group fashion house, Sabato De Sarno, is introducing three key figures to his team. These are familiar names to insiders: Ian Waller will be in charge of men’s leather goods, Giovanni Battista Orsi of men’s clothing and Michele Romano of women’s clothing. As Fashion […]
If Louis Vuitton invests so much in sport, CEO Pietro Beccari explains to La Repubblica, it is not just for extra window dressing. It does so to create a connection of values and ideals between haute couture customers and the world’s top athletes. In the summer 2024 alone, the LVMH group’s flagship brand is premium...
After returning with her personal brand, Phoebe Philo is once again in the spotlight. This time, however, it has nothing to do with a new collection, but rather with accusations (made via social media) against her management style. According to fashion editor and influencer Brenda Hashtag (Brenda Weischer), the British designer exploits her employees. The...
The fair, like the market, is down. In Germany, sales of shoes and handbags fell further in the first half of 2024: down 15%, with the consequence of Shoes Düsseldorf (which closes today) having declining attendance, and with visitors preferring other events and waiting for Micam Milan. Today is also the opening day of All...
Santoni’s growth slows, but at a rate that confirms the positive forecasts. The Corridonia and Marche-based company tells Corriere della Sera that it closed the first half of 2024 with a revenue of €60 million, or +8.6% compared to the same period of 2023. The performance is significantly lower than what Giuseppe Santoni, who returned […]
L Catterton acquires part of the capital of Polène. The deal strengthens the presence of LVMH boss Bernard Arnault, already a partner through Aglaé Ventures, in the French leather goods brand. The brand, which uses Italian and Spanish leathers, more than doubled its sales in 2023 and, even more impressive, tripled its profits. L Catterton...
There is also another kind of luxury that is starting to show its slowdown. A luxury that, in turn, had benefited from the solid and growing hype for designer bags and limited-edition trainers. We are talking about the crisis at Christie’s and Sotheby’s. The rich Chinese have also reduced their investments, and their takings and...
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...
