France: gang jailed for raiding designer warehouses

France: gang jailed for raiding designer warehouses

Nine people have been charged in France with stealing EUR 3.5 million worth of luxury handbags and leather goods. Seven of them were arrested. The suspicion is that they stole directly from the production sites of LVMH, Hermès and Chanel. They formed an “extremely professional team”, as the French police called it, and within ten […]

Buys leather armchair online for USD 50, sells it for USD 108,000

Buys leather armchair online for USD 50, sells it for USD 108,000

The new frontier in the search for antiques is Facebook marketplace. This is demonstrated by the story of Justin Miller, a US TikToker who found a vintage armchair (pictured) designed by Frits Henningsen for only USD 50. The designer and cabinetmaker was based in Copenhagen in the 1930s, where he promoted the philosophy of handmade […]

Closures and controversy: troubled waters for Kenyan tanning

Closures and controversy: troubled waters for Kenyan tanning

Troubled waters for Kenyan tanning. In fact, four tanneries have closed down: the effects of global instability and the long-lasting effects of Covid are among the possible causes of this ongoing production stress in the African country. Troubled waters for Kenyan tanneries The closed tanneries are Athi River Tanneries (registered with the Kenya Leather Development...

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Bangladesh: wide crisis and stress among raw hides’ operators in Chittagong

Bangladesh: wide crisis and stress among raw hides’ operators in Chittagong

Chittagong is the largest port and second largest city in Bangladesh with 6.5 million citizens. Chittagong is also an area where many tanneries operate (yet less than before) and where the commerce of leather has for long suffered from a wide crisis and stress. Wide crisis and stress in Chittagong The situation as told by […]

Hind wants two upper factory, Permira (possibly) sells Golden Goose

Hind wants two upper factory, Permira (possibly) sells Golden Goose

M&A bulletin. Hind wants two Italian upper factories by the end of the year, to be taken over through Holding Moda. Also, in the acquisition plan are a small leather goods company and a knitwear company. Permira, meanwhile, is giving thought to Golden Goose. Including the idea of selling it for 2.5 billion euros. The...

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What moves vertical M&A according to Delunas (Idee Partners)

What moves vertical M&A according to Delunas (Idee Partners)

The market, especially upwards, is becoming increasingly difficult for micro and small businesses. Certifications, traceability, digitalization and sustainability are just some of the requisites demanded by luxury brands to their suppliers. And being small often means the company doesn’t have the resources (human or financial) to satisfy the demands. It also means access to credit...

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Lineapelle meets the Chinese creative community in Guangzhou

Lineapelle meets the Chinese creative community in Guangzhou

A comeback. A very welcome return. On 6 June, Lineapelle held a presentation in Guangzhou, an opportunity to meet the “Chinese creative community” and promote (in one fell swoop) the excellence of Italian leather and the largest international exhibition of materials for fashion and design. It had been years, due to the restrictions on international […]

Spanish but Russian owned: Union For Leather is in crisis

Spanish but Russian owned: Union For Leather is in crisis

The Ukrainian-Russian conflict continues. One of the entities hit by the consequent sanctions between Moscow and the EU is Spanish tannery Union For Leather, which is in part fueled by Russian capital. This mix of missing raw materials and chemicals, difficulties in accessing credit and the limits to selling finished products, are all hitting operators....

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Tech investments: Biokimica presents BKLAB Innovation Hub

Tech investments: Biokimica presents BKLAB Innovation Hub

Research & Development, training and education, and sustainability. These are the steppingstones that brought Gruppo Biokimica of Santa Croce sull’Arno to invest in a new laboratory: “BKLAB Innovation Hub”. The new site was presented during an event on June 8th that saw the president Gruppo Biokimica, Massimo Baldini, engaged in debate. Together with him was...

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An exhibition-workshop on leather in art and public spaces

An exhibition-workshop on leather in art and public spaces

“The role of leather in contemporary art and public spaces”. This was the theme of the exhibition-workshop organised on 7 June by Fondazione De Chiara De Maio, with the support of SSIP, at SSIP’s headquarters in Pozzuoli. The event strengthened relations between SSIP and the Solofra tanning district. It was also the occasion for the […]

Beccari (Vuitton): Italy and France will dominate the luxury segment for centuries

Beccari (Vuitton): Italy and France will dominate the luxury segment for centuries

Nothing to worry about: Italy and France will dominate the luxury segment for centuries. It’s a question of DNA, history, culture. “Luxury can’t be invented”, says Pietro Beccari (in photo from Imagoeconomica), the Italian manager given the helm of Louis Vuitton by LVMH’s boss Bernard Arnault. The most powerful luxury brand with a revenue of over...

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After shoes and bags, Filograna now thinks about clothing

After shoes and bags, Filograna now thinks about clothing

After shoes and bags, the next step could be clothing. These are days of new beginnings for the owner of Leo Shoes, Antonio Filograna Sergio. There has been the start-up of leather goods production at the former Manifattura Tabacchi (tobacco factory, ed.) in Alessano. There was also the 100th commemoration anniversary of the birth of...

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Ferragni keeps growing (+115%): “My shares aren’t for sale”

Ferragni keeps growing (+115%): “My shares aren’t for sale”

Chiara Ferragni’s business keeps growing. Maybe that’s why the influencer doesn’t plan to leave any space to new shareholders. In 2022 the revenue growth from fashion activities was +115%. If we consider the retail value increase, the growth is +134%. In 2023 the enterprise expects a 17% increment. The first owned store Chiara Ferragni Collection...

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Why Dr. Martens preferred regenerated leather to veg materials

Why Dr. Martens preferred regenerated leather to veg materials

When all is said and done, regenerated leather fibre is better than veg materials. Dr. Martens wants to invest in sustainability. And after tests and analyses, it has come to the conclusion that greener than the latest alternative proposals, however much they may be cloaked in “bio-based” novelties, is the good old recycled material made […]

Do you really think you can talk with them?

Do you really think you can talk with them?

The matter is difficult. Because many brands, large and small, believe it’s possible to talk with radical vegans. It’s worse: they believe they can get along with the vegans’ values, effectively making their wishes come true (via banning fur, certain wool, exotic leather, and more), all while safeguarding their autonomy. It’s not the case: for […]

2,000-year-old shoes found: what do they remind you of?

2,000-year-old shoes found: what do they remind you of?

The discovery of some 2,000-year-old shoes in France testifies to two things. The first is that already in Roman times it was common to come across specialised craft districts, in this case on the meat-leather chain. The second is that certain design ideas flow through history like a karstic river: it is impossible not to...

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Hungry for leather goods: Dior set to double in Scandicci

Hungry for leather goods: Dior set to double in Scandicci

Scandicci is becoming increasingly French-speaking. Dior, the leading brand in LVMH‘s extensive portfolio, has reportedly set its sights on the site of the Savio Firmino furniture company. Dior, therefore, is reportedly ready to double by starting the project for a second production site in Scandicci, since it has already been present since 2013 with Manufactures...

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Chanel surpasses Hermès in prices (would also like to surpass it in prestige)

Chanel surpasses Hermès in prices (would also like to surpass it in prestige)

Chanel surpasses Hermès. In Europe, the Classic Flap bag costs more than the Birkin 25. The former has a price tag of 9,700 euros, the latter 8,050 euros. Chanel’s price climb has been going on for some time. While by comparison Hermès’ increases have been smaller (and once a year), Chanel’s have been more frequent...

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Yes: you write Montblanc, you read (increasingly) leather goods

Yes: you write Montblanc, you read (increasingly) leather goods

 Montblanc is focusing on leather goods. All made in Italy. There are plans to expand the headquarters that, for 25 years, the Richemont-controlled brand has owned in Scandicci (Florence). This is where Montblanc has concentrated the leather goods division’s business, from design to production, passing through materials research and quality control of the finished product....

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Tomaso Trussardi invests in accessories and founds Charming Goods

Tomaso Trussardi invests in accessories and founds Charming Goods

Tomaso Trussardi invests in leather accessories by founding Charming Goods. And, this way, as Affari & Finanza BY Repubblica comments, “he starts again from the leather processing that made the family fortune”. Trussardi, scion of the dynasty that started in 1911 from glove-making to create a total-look brand, for the new initiative moves in synergy […]