The Skandia case: how to emerge from a crisis, in times of crisis. From the request for a continuity agreement, requested in January 2023 and approved after one year by the Court of Treviso, to net profit of 3.5 million euro (with which it closed its 2024 financial statements). And on to the desire to...
Luxury companies are on stand-by, as they look to 2026. They hope that, during that year, there will be a revival of the sector, which is currently grappling with a difficult environment and slowing markets (China, the US and Europe). That’s what emerged as analysts’ opinions regarding some of the brands’ moves. For Bain, the...
The struggles of the luxury industry aren’t just afflicting big brands. The crisis is also hitting the solidity of realities such as Giambattista Valli, Chloè and Jacquemus. In fact, as some investigations by Glitz.Paris show, Kering – through Artemis 28 – has intervened to restore solidity to brand Giambattista Valli. In turn, Richemont refinanced Chloé....
“Leaving Italy? No, we have a strong social responsibility. And for Tod’s, it would be impossible”. So said Diego Della Valle, increasingly a champion of Italian craftsmanship, during the television programme Sognatori aired on La7. For the Tod’s founder, no synthetic material will ever replace leather. It’s a particularly rewarding period for both Della Valle […]
Prototyping in France and production in Italy. Holding Moda (now HModa), through its subsidiary HModa France, is setting up a French branch in Aubervilliers (about an hour’s drive from the Eiffel Tower in Paris), where it is relocating its prototyping, R&D, and training activities for leather goods. The operation will be coordinated by former Première...
“Metal accessories aren’t just a detail: they are elements of identity”, reads the strategic study on the metal accessory supply chain carried out by The European House – Ambrosetti (TEHA) commissioned by the Physis Consortium. The association, which represents about forty companies active in the metal accessory supply chain, organized in Florence today, May 22,...
Even Chanel is feeling the strain, but its future lies in leather goods. “You know that Matthieu (Blazy, ed.) has a particular expertise in accessories. So we are doing everything possible to provide the best ecosystem in terms of high-quality leather and the finest raw materials to truly support his creativity”, said Chanel’s Chief Financial […]
“For too long, sustainability requirements have been dropped from the top, by us brands. We need to rethink the way we collaborate with our supply chain”. These are the words of Yoann Regent, Sustainability Director of Bottega Veneta (in photo), spoken on stage of the Stati Generali della Pelletteria Italiana held last May 15, in...
Only a week ago Valentino Bags Lab had gone into receivership for alleged irregularities in the production chain. Today, however, Dior closes a 2 million deal with the Antitrust, as well as a series of commitments to be fulfilled to make the supply chain regular and virtuous. The investigation ends without a finding of wrongdoing,...
Campania and Apulia go against the trend, but there is no more good news after 2023. The post-Covid luxury boom has led brands to rely more on the Campania and Puglia districts. It’s therefore no coincidence that these two regions are the only ones where employees (in the footwear segment) appear to have increased from...
UNIC – Italian Tanneries and Lineapelle concluded their Japanese mission with a final stop at a university. Mission accomplished, as following the strong interest sparked at Expo 2025 Osaka, a similarly warm reception awaited them in the lecture halls (pictured) of Bunka Gakuen University. Mission accomplished Bunka Gakuen University is a private institution located in […]
Bolivia takes an important step toward diversifying its export markets. On May 18, it signed an agreement with China that officially opens the door to raw cowhide exports. The agreement comes at a time when the country is seeking new trade outlets to counter the declining regional demand and growing competition from synthetics. The deal, […]
Uganda has imposed duties on leather exports. The Ugandan Parliament has passed an amendment to the law governing the export of hides and leather, removing previous tax exemptions on items such as leather scraps and semi-finished products. The measure introduces a fixed duty of USD 0.80 per kilogram on all products in the sector, with...
Jewelry and fashion drive Richemont’s growth. Alaïa’s leather goods, Peter Millar’s solid performance, and Chloé’s “encouraging performance” are bright spots in the Swiss giant’s annual report. The problem is that the operating result of the fashion brands’ division is negative. Richemont’s chairman Johann Rupert said he wants to avoid sharp price increases because of tariffs. […]
“We are here to be concrete”. That’s how journalist Costanza Calabrese began presenting the fifth edition of the Italian Stati Generali della Pelletteria, an event that took place in the morning of May 15, in Florence. “In this historical moment, during which companies in the sector need to be supported by institutions, we are here...
A new chapter begins. Valentino Bags Lab, a leather handbag and travel accessories company controlled by Valentino, has been placed under judicial administration for one year. According to the Milan Public Prosecutor’s Office, the company is accused of having negligently facilitated the activities of at least two Chinese workshops suspected of illegal labour exploitation. After...
No rescue came — Bally Studio no longer exists. The 28 redundancy letters have now been delivered, marking the definitive end of attempts to keep alive the company based in Lastra a Signa (Florence), owned by Swiss brand Bally. The decision to close the Florentine operation was among the first moves made by US investment […]
The best of young Made in Italy gathered in Milan for Creare Futuro, a forum aiming to establish itself as a recurring event and strategic manifesto. The leather and leather goods supply chain, represented by Leonardo Russo (of the Russo tanning group in Casandrino), Sara Cuccù (Loryblu footwear), and Carlo Briccola (Bric’s), declared itself ready...
Sicit has entered a new chapter with a change in ownership. This marks the conclusion of a process initiated last October by the company, which was founded in Chiampo (Vicenza) and specialises in transforming leather industry waste into biostimulants for crops, gypsum retardants, and fats for biofuels. A new phase of development is now beginning. […]
News from Latin America, as Argentina calls for a Leather Decree. A regulation, that is, to regulate the use of terms such as “cuero” and “piel” in trade, so that it may not be maliciously abused by producers of alternative materials. In Mexico, meanwhile, managing raw materials for tanning is becoming a matter of public...
