Milano will, in a few hours, become the global design capital and the main location for the wider creative industry associated with it. When we say “Milan”, we are talking about the entire city and not just the pavilions of Fieramilano Rho from April 18th to 23rd, where the new edition of Salone del Mobile will […]
San Quirico holding acquired 75% of Minerva Hub. The remaining 25% will be retained by Xenox and other investors. Matteo Marzotto will maintain his position as president of the group that deals in finishings and materials for luxury accessories. San Quirico is owned by the Garrone and Mondini families, shareholders of oil conglomerate ERG. “This operation […]
Design, fashion conglomerates and brands to be relaunched. Everything leads to acquisition. The last few days have seen a resurgence of M&A transactions involving companies in a variety of sectors. There is design, with Cassina announcing the acquisition of Zanotta. There is ABG – Authentic Brands Group, which, after Reebok, and Ted Baker also secured...
The made in Italy interiors’ segment is doing okay. Design Holding grew in 2022 and plan on reaching the 1-billion-euro-mark in a few years. Also, via acquisitions. While the CEO of the group, Daniel Lalonde, has excluded the possibility of an IPO. The revenue of Friuli-based group Calligaris is also growing. Thee two entities confirm […]
“We are a small group, we are young and we do not sell”. Azzurra and Giampaolo Morelli (pictured), Pellemoda’s 50% partners and CEOs, have clear ideas and their eyes firmly set on growth. “Our investments are aimed at development and production capacity, throughout the entire supply chain”. Fresh from the acquisition of Second Skin, the...
Hermès increases production. Kering wants to reduce it to become sustainable. On Friday, 7 April 2023, Hermès inaugurated a new production site in Louviers. It is the twenty-first owned by the brand. Two more openings are planned for this spring, in Tournes (May) and Saint-Junien (June). Three more are under construction and will open in...
“I always manage to invent something that satisfies the client”. In a world filled by the metaverse, AI and chat GPT, the approach of Milanese artisan Christian Zanaboni seems to be of a different era. It’s also something that would not likely be said by an entrepreneur leading a medium or large company: they would discuss […]
The mini-business that makes total look and seduces the USA. It is called Karma of Charme, and is run by Emanuele Palombari, 45 years old. The brand has three employees. It creates a colour palette that is used for shoes (mainly boots), bags, clothing and furniture. But it applies the same shades to the plants...
Looking at the financial results of Conseil National du Cuir, there are two conclusions that can be drawn. The first is that French leather is still dealing with the consequences of Covid (to which the ones of the war in Ukraine need to be added). The second is that, out of the entire chain, only […]
In a market that was already struggling, the drop in demand for split hides represents the final blow for Wenzhou’s tanneries. The progressively lowering price of split hides has created wide differences in the value of the stock in the warehouse and the current going rate. Differences, says the International Leather Maker, proving fatal for […]
Massimo Vian, industrial director of Prada, has no doubt: the group continues to believe that it’s the right time to close on 400 new hires (220 in leather goods lines, 76 in the footwear ones). Talking to the economical insert of QN, the manager doesn’t lose time with topics such as inflation and the war in...
The timeframe is still being defined: if all goes well, the operations can be closed by the end of the year. The most important thing is the goal, and that is clear. OTB, which controls brands such as Diesel, Marni and Maison Margiela, is currently working on acquisitions and IPO: “We are studying the structure to get on the […]
Last Saturday (1 April 2023), Il Foglio della Moda (fashion culture insert of the daily newspaper Il Foglio) celebrated its one-year anniversary with a monographic issue. Theme: upcycling. Or, perhaps, something broader. That is: the green value of the durability of a garment, an accessory, a material. A highly topical theme that the insert edited […]
“We have other acquisitions along the chain in pipeline, in order to strengthen our supply chain”, said Silvio Campara (in photo Imagoeconomica), CEO of Golden Goose, brand that reached record numbers in 2022. With regards to the results, production needs to increase at the pace of sales, as the latter last year grew 88% on 2020 and...
There is beauty in being a luxury subcontractor. A ‘beauty’ that translates into orders, employees and turnover that have been growing for years. For example: there are companies that have quintupled the number of their employees working for fashion labels. And they are ready for further expansion plans. The widespread labour shortage and the difficulty...
There are a few new things for Furla. The first is tied to the internal academy in Tavernelle (fraction of Barberino Tavarnelle near Florence). The company has a production site nearby, which employs 140 people. Furla decided to manage its generational change by itself. Furla’s development also includes an increase in revenue. For this reason, […]
Marianna Mazza’s (32) bet of deciding in 2020, during the pandemic, to invest its savings to found a footwear brand seems to have paid off. A brand that seems to be able to combine her family heritage, jewelry in Torre del Greco, with her passion and expertise in the footwear industry. As we said, the...
The curtain drops on Mondialsuole Group. All of the companies that made up the group (Mondial Suole, Mondial Due and Mondial Plast) have declared bankruptcy. The group headquartered in Porto Recanati was founded in 1978 and had become one of Europe leaders in the production of polyurethan soles. In 2021 it employed nearly 270 people...
Prada needs a total of about 450 people to increase production. Half in leather goods (about 220), then 153 in clothing and knitwear, and finally 76 in footwear. Rapid-fire hirings affecting all the production sites that the group, led by the couple Patrizio Bertelli and Miuccia Prada, owns in Italy. And that’s not all: Prada […]
The ties between the USA and La Patrie have existed for a while. That’s why the US general consular in Florence, Ragini Gupta, wished to visit the high-end leather tannery of Ponte a Egola (San Miniato). A tour to see the tanning process for exotic leather that the consular found enlightening. “She had never visited an...
