Prada doesn’t know what crisis mean. In the first quarter of 2024, the revenue of the Italian luxury group amounted to 1.19 billion euro, up 16% at constant rates. Miu Miu took off thanks to an 89% retail sales’ increment. The Prada brand also did well (+7%). It’s also worth mentioning the inversion of the […]
Hermès got three confirmations: the strength of the brand, the pull of handbags, and the positive performance of the super-luxury segment. In the first three months of 2024, sales of the French fashion house increased 17% at constant exchange rates and 12.6% at current exchange rates, to 3.81 billion euro. Leather goods placed +20.3%. Hermès […]
It’s called The Search for a Superstar, but we all know it as American Idol. Except in the US, where it only takes one word: Idol. Now in its 22nd year, it is the most popular and viral singing talent show in American media history. Suffice it to say that in the final of the […]
According to reports in the trade press, Apple‘s upper management have decided to discontinue production of FineWoven. Of the fabric, that is, presented with great fanfare last September as an alternative to high-quality leather. Lo and behold, FineWoven went so badly that it was discontinued after just six months. According to leaks on social media, […]
Michele will overturn Valentino. The brand’s president, Rachid Mohamed Rachid, assures that “a new chapter” is opening. And he is certain that the period in which so-called quiet luxury has flourished is coming to an end: “Bold colours and designs will return with force, and we are preparing ourselves”. The impression is that Valentino will...
Who are the artisans? According to Diego Della Valle, they are “the true anarchists of labour. They hold their success in their hands. They feel like godfathers, and they are right”. For young artisans, the owner of the Tod’s group is preparing, together with the Marche Region, a project involving degrees in art and craftsmanship....
It’s all about prices. The one tied to LVMH’s stock value (and of the luxury segment), which increased on April 17th after the market saw the results for Q1. And the ones tied to the products sold by LVMH, which doesn’t plan on lowering them. The group owned by Arnault doesn’t plan on reducing price...
Handbags and leather goods. Four companies show that the numbers for 2023 prove they year was a growth one for the fashion industry. From the luxury segment of Valextra to the medium segment of Mandarina Duck, through Piquadro and Coccinelle. Valextra’s 2023 Valextra doesn’t post its revenue. But its CEO Xavier Rougeaux told MF Fashion […]
On the occasion of the Made in Italy Day celebrations, Confindustria Moda organised an event dedicated to training. On 18 April, the fashion supply chain, from UNIC – Italian Tanneries to Assopellettieri, up to Assomac and Assocalzaturifici, met at IED headquarters in Rome. It was a meeting aimed at highlighting the strengths of the Italian […]
A training day to inspire young people to the creative art of Made in Italy and the driving force of its being a Superbrand. It was organised by Confindustria Moda in collaboration with IED Roma. It was held at the headquarters of the fashion school and, at the opening, welcomed speeches by Adolfo Urso, Minister […]
Not all leather goods manufacturers are struggling. “We manufacture 250 handbags per day. We don’t use redundancy funds, and in fact must use external workers from time to time”. A unicorn in the current segment of SMBs in fashion: Roberta Ghini (in photo) is the owner of Pelletterie Albatros in Figline Valdarno (Florence). She is...
The numbers for LVMH’s first quarter confirm the challenges of the fashion industry. From January to March, the largest conglomerate of the segment recorded a revenue of 20.7 billion euro: -2% compared to the same period of 2023 but 3% more in comparable value. The datapoint is aligned with the analysts’ forecasts, but the Fashion […]
When asked if his looks were not exaggerated, Roberto Cavalli replied that excess has always been synonymous with success. But his stylistic legacy is not just about extravagance. In addition to reviving the maximalist style, overflowing with references, and unconventional, Cavalli rethought the way he used materials, the starting point of his collections. So much...
Milano is the caput mundi of design. The city of Milan becomes rich with events thanks to the Salone del Mobile in Fieramilano Rho and the Fuorisalone. The city will become a fulcrum of international creativity for the interiors’ segment. So much, in fact, that every corner of the city will become a space to […]
Differentiating brands and production to be able to reach as many clients as possible within one segment. MNG, company headquartered inside Nola’s CIS (Naples), divided its business in three. The brand Pierfrancesco Vincenti will focus on Italian retail with shoes made near Naples with Italian leather. The brand MNG Collection on the other hand makes...
Seven months after an over-criticised and self-defeating “leather-free” turn, Apple has the nerve to brag about it with a new video. In which, moreover, it reiterates the fallacy that giving up leather would be a favour to the environment: at best, the opposite is true. It stands out, however, that Apple did not make the […]
Artificial intelligence revolutionizing human activities. And leather, admits Edoardo Imperiale, general director of SSIP – Italian Leather Research Institute, is ready for the revolution. “Because it’s a circular and intelligent material, thousands of years old, but constantly busy renewing itself to be more beautiful and sustainable. As soon as we have archived our Industry 4.0...
“Behind the good looking products of the made-in-Italy chain there are machines bringing innovation and allowing production to be high-quality and forward-thinking”. Maria Vittoria Brustia, president of Assomac, turned the spotlight on the importance of technology. The association, along with some of its represented entities, participated in the e-P Summit 2024 event organized by Pitti […]
The expectations of the leather fashion supply chain for 2024 are not happy. According to the monitoring conducted between January and February by Confindustria Moda, one entrepreneur out of two believes that the first half of the year will close with turnover down on 2023 (when, however, the economy was still positive). Similarly, 46% of...
The only option is to keep going. And it’s especially the case for Natuzzi, the uphostery multinational ready to celebrate 65 years of activity during the coming Milano Design Week. 2023 was a heavy year. The financial statement released on April 8th showed a revenue decrease of -30%. -30% in 2023 Sales are down –...
