Altofare Group thinks big. Founded last January, Altofare is an Italian platform specialising in the production of luxury accessories and finishes. The project is supported by White Bridge Investments, a private holding company. OBI Group, Industrie Testi, Tacchificio Monti, Lampa, Griste, OBI IAB, Conti & Vannelli, CDC Luxury Chains, PF – Pressofusioni Fiorentine, SCAF and...
Limoges the same as Vigevano. The porcelain city was for long also the city of shoes. But Erel now risks of going bankrupt: one of the last footwear plants left, after 77 years, is being liquidated. The brand, specialized in the production of leather home shoes, has seen an ownership change in 2016 but after […]
The investment made by Song Shin Leather, Chinese tanning group headquartered in Guangdong, is interesting, at least on paper. According to the deal underwritten on March 27th with Bangladesh Export Processing Zones Authority (BEPZA) and local authorities, the group will invest 6 million USD (5.5 million euro) to build a new tannery in the Comilla […]
Chanel raises prices again. All-around. That is, on the one hand from France, fashion division president Bruno Pavlovsky theorises about future price increases. On the other hand, in Asian stores, the increase is a reality: thanks to an adjustment of between 2.8 and 8.3 per cent, the iconic medium flap bag exceeds the USD 10,000...
“In the Valdarno area, it’s not really as bad as Florence, it’s worse. We are facing a change of step”, said Aldo Cappetti (in photo), president of CNA Industria Arezzo owner of Romy Pelletterie in Pian di Scò. “Those believing that in June or September they will be back to producing as much volume as...
Tabor fund complicates Tod’s delisting. According to the US-based speculative fund (which owns 1.1% of the ordinary shares of Tod’s), the offer by L Catterton of 43 euro per share is too low. The value of Tod’s shares is between 82 and 102 euro each. Some of analysts believe Tabor is also involved in the...
Awakening and relaunching Bruno Magli. Liquid signed in July 2023 a 5-year licensing agreement (renewable for another 5 years) with Marquee Brands. The goal: distributing and selling shoes and leather goods branded Bruno Magli in Europe. It’s worth mentioning that manufacturing processes and leather are all Italian. “The biggest obstacle? The web. When research is...
Everything is ready for the Festival of the Green Economy. Which this year as well confirms the dual format that adds to the “tour of the factories of sustainability” (2-4 April) the four days of debates and testimonials in Parma (4-7 April). UNIC – Italian Tanneries renews its participation in Greenweek 2024. “To present the […]
The local press does the maths: over the past two decades, 4,000 crore, or 4 billion (according to our numeration) taka has been spent in Bangladesh to improve the condition of the Buriganga River. Of this (equivalent to just under EUR 350,000 at today’s exchange rate) 1,000 crore in 2017 alone was spent on relocating...
A clear message emerges from news breaking in the USA: “Luxury shouldn’t abuse its powers”. Whether it’s relationships with clients or suppliers, because on one end Hermès is being accused of unfair commercial practices and violation o US antitrust laws. On the other, Bloomberg claims Loro Piana is paying too little for the vicuna it...
We register that in vegan marketing, a mystical crisis is fashionable. After Apple, which in order to justify its (not too successful) leather-free turn staged the endorsement of Mother Nature, it was Stella McCartney who most recently appealed to the transcendent forces of planet earth. At the Paris presentation of the autumn-winter 25 collection, testimonials […]
The first aspect is positive: after the three days in Hong Kong at the Hong Kong Convention and Exhibition Centre, we can say that returning to Hong Kong for Asia Pacific Leather Fair (after four years not attending) was a good decision. The second aspect, on the other hand, isn’t as positive. At least for...
For the very refined French customer audience, the most prestigious handbags are Chanel and Hermès. But the third wheel is the “little” Tod’s, which gives giants like Louis Vuitton and Dior a run for their money. With the collaboration of Promise Consulting, Bernstein interviewed 309 French consumers (and analysed 4,720 total answers). Thus, they checked […]
After Paris Fashion Week, Celine releases a short film revealing the new autumn-winter 2024 collection. For “La Collection de l’Arc de Triomphe”, Hedi Slimane, the brand’s creative director, was inspired by the founder, the 1960s and the model Twiggy. A collection of clean-cut and leather dresses, presented on social platforms, anticipating the launch of the […]
“You must never give up. You need the anger inside, as my uncle used to tell me. It is essential to grow”. Antonio De Matteis, president of Pitti Immagine and CEO of Kiton, launched his appeal to young people at Future For Fashion, an event held in Florence on 14 and 15 March. The initiative, […]
The search for alternative and innovative materials for Kering has enemy number one: polyurethane. This was stated by Christian Tubito, director of the luxury group’s Material Innovation Lab (MIL), during the Future for Fashion event (14-15 March in Florence). The hub that Tubito heads deals with “supporting the group’s brands in developing alternative and sustainable...
Alcott’s repositioning began with the opening in Via Torino (in Milan) of its new store. The brand, which Nunzio Colella founded in Naples in 1988 and that in 2023 contributed 215 million euro (with Gutteridge) to gruppo Capri, wants to distance itself from the cheaper fast-fashion brands. The restyling in Milan is just the first...
Uncertainty, price and made in Italy are the key words coming out of Moscow. Friday, 15 March, was the closing day of the 60th edition of the Obuv Mir Kozhi show, which began on Tuesday 12 March at the Expocentre exhibition centre. Over 100 brands were present, the majority of which were Italian. Russia seems...
Increased quality and prices to differentiate themselves from Chinese competitors. That’s how Inditex closed a record 2023, along with Tempe, company controlled by Elche which manages the design, supply and distribution of shoes for all the brands of the Spanish group. The group (which controls Zara and Massimu Dutti, among others), plans to make new...
First, fashion houses overestimated the market by overproducing. And now, the accessories supply chain is licking its wounds. In Campania, there are about 8,000 workers in shoes and bags sectors who are being laid off. But according to Ornella Auzino, a leading entrepreneur of Rica leather goods in Casoria (Naples) and of Le Mie Borse...
