Some are able to be immune to any crisis, uncertainty, and market challenges. Hermès is that someone. The clear demonstration is provided by the financial results published by the French brand for the year 2022. The luxury brand created 2,100 new jobs during the year for a total of 19,700 (12,400 in France). All employees […]
Hermès raises prices. After Louis Vuitton and the speculation conducted by Chanel (which in the last few years has been the brand most active on this front), the former announced it will raise prices by between 5% and 10% on average. There are significant differences however on the basis of countries and products for the...
An important debut. A debut that says a lot about how Lineapelle is the reference global fair for the fashion and luxury industries, and not just for style and product. At Fieramilano Rho, in fact, The Ethical Fashion Initiative will be present for the first time (program by the UN that has many projects, objectives, […]
Fendi renews its commitment to supporting Italy’s artisanal heritage. In collaboration with Camera della Moda and Confartigianato, the LVMH-orbiting fashion house presented the “Métiers d’Excellence” award for Italian artisans. The award aims to raise awareness of the importance of passing on Italian savoir-faire in luxury, and to reward the most creative artisans. “What we are […]
Bags, shoes, clothing and accessories branded Tod’s and Lamborghini. This will be the result of the partnership between the two companies, which brings together craftsmanship and tradition made in Italy, but also technological research and innovation. The release date of the products is not known yet. “Attention to detail and continuous research and innovation are […]
Argentina’s government opens up the possibility of removing the duty on raw leather exports. Meat industry unions have recently reported the deadlock in the leather supply chain: warehouses are full of stock that local tanneries are unable to absorb. Now, it transpires from the Ministry of Economy that the removal of the duty should be […]
OTB’s result for 2022 is more than positive. The group’s revenue reached 1.7 billion euro, up 14% o yearly basis, with profits at 105 million (+72%) and EBITDA at 314 million (+22%). But what makes the difference is the luxury division. Because while the group’s main brand (Diesel) is still managing the changing creative guidance, […]
La Bellezza Utile is the name of the event held just a few days ago in Milan (in photo on the left) that allowed Confindustria Moda and its member associations (and adjacent chains), to tell their stories under a new light. A cultural light that once again explained the reasons behind what organized last September (always […]
The fairs are here. Everything is ready for Micam (footwear), Mipel (leather goods and TheOneMilano (apparel and fur), taking place between Sunday February 19th and 22nd in Milan, inside the pavilions of Fieramilano Rho. There will be about 1,250 brands present. The three fairs will also be held (partially) with Homi Fashion&Jewels (17-20 February) and Lineapelle (21-23 February),...
It is a difficult clash. Because on the one hand there are those who use easy and incorrect slogans (partly prohibited by the Leather Decree), such as “vegan leather” or “cruelty free”. On the other there are those who are biobased for real, but have to prove it with well-considered arguments. Consorzio Vera Pelle Italiana...
Regenesi‘s sustainable proposal stands out in the welter of greenwashing. Maria Silvia Pazzi founded the brand in 2008 with the aim of transforming unused raw materials into design objects and fashion accessories. To be made, by way of quality, with made-in-Italy craftsmanship. The development of the company, which is headquartered in Ravenna, owes much to...
There is a lot of satisfaction around the performances of Kawumu Tannery. The national tannery has the dual goal of giving value to the resources derived from the country’s animal wealth and make the country less dependent from imported leather products. This company’s managers are still working on an issue that is proving to be highly […]
It’s just a little while away, very little indeed. From Tuesday 21st February, to Thursday 23rd, Lineapelle celebrates its 101st edition. It does so by declaring its ability to play ahead of the future (not only stylistically) by launching a real call to action to its entire community: Make Tomorrow Bloom. An important and ambitious […]
An additional step towards returning to normality. That’s the short version of the 61st edition of Moda Italia (45 leather goods brands) and of the 71st of Shoes from Italy in Tokyo (27 brands participating) that closed just days ago at the Belle Salle Shibuya Garden exhibition center in the Japanese capital (in photo from Instagram). The...
How much should the work of luxury third-party manufacturers cost? More. That’s the summary version of the message communicated on February 8th in Florence by CNA Federmoda Toscana. The latter organized the roundtable “Moda ed Etica: modelli di imprese per una filiera della pelle economicamente sostenibile, sicura e innovativa”. The appeal is a call to...
China hurts Capri Holdings. The stock value plummeted, but Versace is the most resilient brand. The group cut forecasts for the year due to Covid in China, as the pandemic caused the demand for its products to get lower. Capri Holdings now expects to close the fiscal year in March 2023 with a revenue of […]
Tapestry beats Capri. At least during the last quarter of 2022. Yet Ralph Lauren too recorded great results, as far as US competitors go. Tapestry’s products (perceived as more interesting for younger generations) and the lower dependance on large US malls are, according to market analysts, the two factors that allowed the group that owns […]
It is strange to hear Demna Gvasalia preach prudence. He, the disruptive and irregular designer by definition, announcing for March in Paris “a deliberately simple show”. But right now, the Georgian designer has other priorities: extinguishing the controversy, getting the brand back on track and, above all, keeping Balenciaga. Yes, because in the last few...
Conceria Milanese restarts. The company based in Rho, specialized in tanning precious leather and fur, and just recently re-capitalized, is now in the condition of cancelling all debt and “dispense a new type of commercial financing”, states an official statement published by the company’s advisor. The operation changes the internal division of shares as well:...
Price harmonization? In theory it exists, but it’s not applied. Often luxury brands justify price lists’ increments with the need to harmonize them. In other words: the same accessory should have around the same price all over the world. Yet, Bain’s report titled China Luxury Report shows that there is a sensible difference between prices...
