How does the pricing strategy of luxury brands define the prices consumers pay for products in all stores (direct sales or not)? Are there any impositions made by luxury brands to retailers? To answer these questions, the EU’s antitrust authorities is looking into some large luxury brands. Gucci is surely one of them, as even...
Fendi: 100 years with leather. From the early leather goods laboratory opened in Rome in 1925, to the catwalk in Capannuccia, Bagno a Ripoli (Florence) as special guests of Pitti Uomo on June 15th. But, in (almost) one hunder years, artisans have changed. “Today they are also engineers, due to the machines they use. Men […]
The re-launch of Pitti Uomo, which closes with the projection of 12,000 admissions. Expo Riva Schuh & Gardabags sold out. For a (high-end) fair that on Friday, 16 June, ended in Florence, there is another (volume) one that started on Saturday, 17 June, in Riva del Garda. Meanwhile, Fashion Week (16-20 June) began in Milan,...
“Factory is in a crisis and remaining employees haven’t been paid in two months not because owners refuse to pay them but because banks have frozen the company’s assets”. With these words, the 26 employees working in the Fucecchio-based company (owner of brand DROMe), defend the entrepreneurs with a una letter sent to local online...
“We are lucky that many brands no longer use fur, but less leather should be used as well”. This could be the high-level summary of the news article written by Artribune over ethical matters of the fashion industry. The news source can be very pleasant to interact with, when it discusses art in all its […]
“Leather is very important to us. It is one of the materials at the heart of Fendi’s reputation”. These are the words of Serge Brunschwig, CEO of Fendi, a brand controlled by LVMH, pronounced yesterday inside the new leather shop in Bagno a Ripoli (right, in the photo). The occasion: the presentation of the plaque...
Pitti Uomo 104 opened on Tuesday, 13 June. 825 brands are present at the Fortezza da Basso in Florence, 43% of which come from abroad. It is scheduled to close on Friday, 16 June. The format of this edition confirms some news introduced in January, and aims at expanding and enhancing the exhibition formulas. There...
Said and done. As announced to La Conceria last March 27th, Gruppo Florence made its entrance in the leather goods industry. In other words, the group controlled by Permira acquired both Effebi of Scandicci and A.L.B.A. of Calenzano. Additionally, ABC Ricami based in Pistoia also joined in. These additions bring the number of entities of the […]
“It’s the beginning, not our end goal. We wanted to create a prestigious moment to showcase our district and its know-how”. That’s how alderman Gabriele Buonanno, who has spent a lot of time organizing the event, commented the results of the first edition of SoLeather. On June 10th, Solofra’s leather showcased the materials’ quality and the...
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 […]
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 […]
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...
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 […]
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...
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...
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 […]
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....
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...
“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 […]
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...
