Speaking of traceability, deforestation and misinformation within the leather industry. These are burning platforms in the USA, and Lineapelle New York will discuss them during two events on February 1st and 2nd at the Metropolitan Pavilion in Manhattan. Traceability The workshop “Building more sustainable sourcing chains: taking advantage of collaborations to fight deforestation” will take […]
Of course, at the end of the day the controversy over the rabbit felt used by Gucci is not important and surely doesn’t move the equilibriums of the fashion industry. That being said, it’s a relevant false step on a symbolic end, or rather a political one, we dare say. That’s why the brand owned […]
The quality of an entrepreneur comes from being able to interpret situations, trends, and a s a result, opportunities (in advance). Elon Musk should then have enough elements to understand that Tesla’s stance on leather is wrong. The automotive premium market clearly says that his “vegan” veto on leather is a mistake: competitors (such as […]
There is the luxury industry, where brands, groups and multinationals all challenge one another. Then there is LVMH, a conglomerate that seems to play in a league of its own and, proven by data, makes history by itself. The income statement published just days ago (for FY 2022 by the conglomerate proves it. Overall turnover:...
LVMH closed 2022 with 196,000 employees. To make a comparison, it’s like if the entire population of Prato, Parma or Brescia worked for the French luxury group. Simply put, LVMH would be a province in Italy. A province that just added 21,000 new residents in 2022. Of course: if revenue increases, beside from the increase...
Footwear bring joy to Ferragamo and Aeffe. While the leather goods divisions are performing well, the footwear segment is also in health. It can be seen from the preliminary data published by luxury brands in 2022. After Zegna, Ferragamo and Aeffe also benefitted from the segment’s positive performance. The shoes’ sales of the Florence-based brand...
Tod’s returns to the prestigious One Billion Club. The luxury group led by Della Valle closed 2022 with a record revenue: 1.007 billion, compared to the 1.004 billion achieved in 2016. The value is equal to a 13.9% increment compared to 2021 and +10% on 2019. The decisive push for growth comes from the leather […]
Functionality, materiality and, of course, leather. These are the points common to the top brands that closed men’s fashion week in Paris on Sunday, 22 January. While on Monday, again in the French capital, Haute Couture Week has begun: 29 brands, from Schiaparelli (Monday morning) to Robert Wun (Thursday), passing through all the top names....
At the end of the day, the brands that flaunted their bombastic farewells to exotic leathers helped those same exotic leathers to appear more precious and exclusive in the eyes of the public. Yes, because while the likes of Chanel, Burberry and Hugo Boss have stopped using crocodile, alligator or python, brands like Hermès, Louis...
Sometimes it also happens to LVMH that a project fails to come to fruition. The luxury giant changes its mind and renounces to build its research centre dedicated to “durable and digital luxury” on a plot of land in Saclay, related to the campus of the Institut Polytechnique in Paris. LVMH boss Bernard Arnault, however, […]
A new leather goods hub of almost 20,000 square metres, where as many as 9 sub-suppliers will be integrated. In Campi Bisenzio (Florence), on 20 January, with a big party, Hind opened GAB’s new headquarters, a company specialised in the design, industrialisation and production of leather goods for the luxury market. In 2021, the Turin-based...
Borders reopened and the zero Covid policy stopped in conjunction with the Chinese New Year (22 January). Observers now expect positive effects for the leather and meat markets in China from the resumption of social life. These are the first cautious considerations when reading The Sauer Report about the 2023 horizons of the local tanning […]
Change at the top of Royal Smit & Zoon. The CEO of the Dutch tanning chemicals group, Hans van Haarst has resigned with immediate effect. Group owner Marc Smit will take over the role. The company’s official note does not specify whether Smit will fill the role on an interim basis pending the appointment of […]
Tod’s invests 15 million euro for a new leather goods site. It will be opened in Pontassieve (Florence), in the Le Sieci fraction. The location is extremely close to that of “partner” LVMH, as the conglomerate also plans on building a new leather goods manufacturing site. Once at full capacity, Tod’s will employ between 200 and...
It’s not beauty. You won’t believe it, but the first thing the people at Hermès pay attention to when selecting leather is structure. Because an accessory from the maison must meet high aesthetic requirements, certainly. But, above all, it must last, because the customer expects it. Priorities As Emmanuel Pommier, CEO of the brand’s leather...
Japan and leather: a binomial on which Pitti Uomo focused in the edition that has just ended (and also in the past). Since 1986, JLIA (acronym for Japan Leather and Leather Goods Industries Association) has been promoting and developing Japanese footwear and leather goods. In Florence, it was represented by 6 brands: Kado-Press, Kanpekina, Numero...
Time is not Marco Bizzarri‘s ally. The reconfirmed (by Kering’s top management) CEO of Gucci must begin (and quickly) to write the brand’s new chapter, from a creative and strategic point of view. The void in the creative direction weighs more heavily on Gucci than on other competitor brands that are more focused on a...
A Men’s fashion worth of a standing ovation. The thirty seconds of applause that celebrated Giorgio Armani‘s creations at the end of his Milan fashion show speak for themselves. They are a symptom of an appreciation (almost reverential) for the designer’s sartorial mastery. Milan Men’s Fashion Week closed (on 17 January 2023) decreeing the prominence […]
China slows the quarterly results of Richemont and Burberry (even with the latter’s leather goods segment continuing on its positive trend). All the while, LVMH is getting closer to publishing its 4th quarter data and reaching new highs on the stock market. Financials disclosed by Richemont and Burberry have put in black and white the...
The 100-million-revenue club. For many fashion (and footwear) brands, the goal for 2023 is to surpass the revenue-mark. For some, it’s a come back into the latter, after the losses caused by the pandemic and for other brands, it marks the achievement of a growth objective that took years. Yet, it’s quite the success, given...
