Pattern Group announced an investment of 12 million euro to build its new headquarters in Turin. The move to the new site (Collegno location) is scheduled for 2025. Pattern group is present in 7 Italian regions with 13 plants, and the entity ended 2023 with a revenue of 145.6 million euro and operating profit of […]
LVMH also suffers, and slowing down conspicuously. In the second quarter 2024, organically, revenue grew 1% (+3% in the first quarter). Overall, revenue for the first half of the year amounted to 41.7 billion euro compared to 42.2 billion of the same period of 2023. That means a decline of 1%, but a 2% organic […]
Despite the crisis, luxury still grows on the stock market, where it performs better than companies in other commodity sectors, at least for now. Thanks to Hermès, its leather handbags and its prices. In 2024, luxury stock prices rose 8% year-on-year. The most interesting ones? Hermès (precisely), LVMH, Brunello Cucinelli, Ermenegildo Zegna, Moncler, Prada, Richemont,...
“The situation has worsened”, says Paolo Villa, CEO of Villa Group, in reference to footwear imports from Asia. The Far East to Italy trade route remains an open problem for companies, with a crisis that does not seem likely to be resolved anytime soon and, according to industry insiders, could last until 2025. Houthi attacks...
A new factory, a new brand and an ambitious project. Antica Cuoieria GRG, a historic company based in Porto Sant’Elpidio (Fermo) has more than tripled its turnover in the last three years. Specialising in the design and production of leather soles, it earned around EUR 13 million in 2023 (+35% on 2022) and wants to...
From ‘fight fight fight’ to ‘tariffs tariffs tariffs’. One way or another with Donald Trump it’s all about shoes. The shoes he launched in memory of the attack he suffered in Pennsylvania are a commercial success: the white version of the trainers is sold out. But on the other hand, now that his candidacy for...
It may be a move to speculate on the European anti-deforestation regulation. Maybe yes, maybe no. The fact is that India’s Finance Minister, Nirmala Sitharaman, has announced a major foreign trade liberalisation plan for Finance Bill 2024-25. A plan that considers, in a basket of goods ranging from precious metals to pharmaceuticals, the lowering of […]
Lineapelle NY’s signs are ones of avant-garde. Or, rather, of anticipation. That’s the main one that comes out of the rooms of the Metropolitan Pavilion, where a few days ago the edition of Lineapelle New York dedicated to the 25/26 winter season ended. A sign that also characterizes the photographs in the image gallery you […]
Kim Jones and John Galliano have reset their social profiles: cryptic. Joined by Bottega Veneta’s, which created the Craft and Heritage director role, given to Barbara Zanin. These are signals to the fashion industry. The designers’ cryptic messages Jones and Galliano’s personal Instagram accounts have been “blanked.” And Vanity Fair wonders if this means they...
“These are baseless accusations”, says Armani. Dior feels damaged and has therefore suspended relations with the manufacturers involved in the investigation by the Milan Prosecutor’s Office. After the Antitrust’s actions, a response from the two fashion groups needed to come. Armani after the Antitrust’s actions “Armani Group takes note of the investigation for alleged unfair […]
Optimistic for the future but does not foresee recovery as early as 2025. Between made in Italy and training, Enrico Bracalente indicates the course of his B.A.G (NeroGiardini brand). When the recovery You have just closed the 2023 financial report: how did it go? Very well. We closed with a turnover of EUR 122 million...
The year 2024 is not grey for everyone. Those who are able to offer a shoe with certain characteristics (aesthetics, quality, durability, made in Italy, etc.) and a price tag of around EUR 200 have a better chance of selling. This is the case of Ama-Brand trainers, a brand founded 13 years ago in Florence...
A whispered, essential style that uses leather in an “organic” way. The new Parisian brand 10.03.53, founded by designer Luca Colosimo (in the photo), has a very Italian soul, starting with leather, all made in Italy. “An untouchable mystical element” and irreplaceable, according to the designer, who has a past in leather goods in brands...
Mulberry and Eleventy have collaborated on a men’s and women’s ready-to-wear collection that echoes the distinctive codes of both brands. That is to say, focusing on British craftsmanship and Italian elegance. For the new collection, Eleventy’s garments have been reinterpreted thanks to the introduction of some leather inserts, a distinctive trait of Mulberry, which has […]
An opportunity to cultivate talent and bring them closer to the virtues of leather, from Bonaudo’s perspective. The opportunity to make connections with the manufacturing chain that makes made in Italy great, in that of IED Florence. The unique chance for female thesis students in the Bachelor of Fashion Design (Accessories major) to turn the […]
On Wednesday 17 July, New York woke up under a dull sky and a light rain that relieved – but only momentarily – the stifling heat of the previous days. Thus begins the new edition of Lineapelle New York, which from Wednesday (and until Thursday, July 18) welcomes the US market to the Metropolitan Pavilion....
Speculation over Chanel’s distress may not be confirmed until May 2025, with the publication of the 2024 financial statements. The company is not listed, so it does not have to inform the market every quarter of its performance, but in recent months the sentiment among industry insiders, reported by influential newspapers, claim Chanel to be […]
And so it’s here: an in-crisis Burberry changes CEO. The British luxury brand has appointed Joshua Schulman as its new CEO. He will take over, effective immediately, from Jonathan Akeroyd, who is leaving the company with a mutual agreement with the board. Burberry also reported retail sales for its first quarter 2024 (April-June): £458 million, […]
Winds of aggregation are blowing in the international leather industry. In Italy, Feltre, a tanning technology specialist based in Montorso Vicentino (Vicenza) has acquired a significant stake in Wega (Arzignano). In the USA, Tannin Corporation took over the historic greasing manufacturer Whittemore-Wright. Feltre in the capital of Wega The all-Venetian partnership between Feltre and Wega...
Between Los Angeles and San Martino Buon Albergo (Verona). That’s the reach of the brand HTC-Hollywood Trading Company, founded in California by Zip Stevenson to breathe new life into American vintage. Zipper then met Verona-based Andrea Brà, resulting in a collaboration that is still vibrant today. Californian inspiration but products made in Italy, with leather...
