Wolverine World Wide has divested the US business of Wolverine Leathers to New Balance for about USD 6 million. It is now “evaluating alternatives for Wolverine Leathers’ non-US business”. Wolverine Leathers has tanning and colouring contracts with tanneries in the US, Vietnam, Thailand and China. It manufactures in five locations worldwide. It claims to be […]
Shoes’ exports in 2022 reached a new record. The overall value was 175.2 billion USD, the highest yet. A result achieved not thanks to volumes, but to the average sale price: 11.54 USD per pair. It equals a 6.5% increase on 2021 and +38.2% if we look to 10 years ago. As far as countries...
The numbers tell us why the US market is so important for the footwear segment. And, why Africa’s growth must be watched carefully. In the USA consumption of shoes grew 12.7% in 2022, which allowed the country to reconquer its place as 2nd largest shoes’ consumer, behind China and ahead of India. These were the...
The German market is in crisis, but not for everyone. Great attention to price from buyers who are on the hunt for the most suitable product for their customers. These are the signs coming from Germany, where the fair Shoes Düsseldorf, which opened on Sunday 27 August, closed on Tuesday, 29 August. The fair acts...
The back-to-school season will be the first test to understand the health of the US market. But it is at Halloween that we will know whether a real downward spiral of consumption has been triggered in the States, or whether it is a physiological rebound after the post-Covid revenge shopping. US retail is experiencing a […]
August is rarely a news-filled month for the fashion industry, but this year it’s different. While a first shake-up was provided by Kering (on July 27th), which paid 1.7 billion euro for 30% of Valentino, August 10th was also an impressive day. Tapestry decided to resolve Capri Holdings’ competition with a simple approach: by acquiring...
The financial statements of the two groups that made the news cycle for their merger was – to put it lightly -, shadowy for the April to June period. Tapestry did worse than forecasted, while Capri Holdings published numbers better than expected by analysts, but still below those of the buyer. Weighing down both entities […]
Ralph Lauren‘s strategy is based on sustainability, the Metaverse and price increases. But it has a very big problem to deal with: in Canada, they accuse it of sourcing in China from companies that use Uyghur forced labour. But that does not detract from the fact that its quarter results (April to June 2023) were...
Leather, also Italian, to climb the ladder and raise the quality of espadrilles. This is how the brand Clara Duran wants to distinguish itself in a very crowded market segment. Especially in its own country: Spain. Clara Duran is in fact an artisanal shoe brand based in the industrial zone of Cehegín, in the region...
And, well, the glittering machine of the vegan revolution never goes on holiday. In the middle of August, Stella McCartney is at it again: in her search for the ideal material to replace leather, she is now aiming for Mirum. Producing the material (super-sustainable, claims the British brand with its usual modesty) is a US […]
Leather in green cars fits us not well, but very well. We have been writing about this for some time, and the latest market moves confirm the assumption. Recently Bentley, which has already committed to using certified leather, announced the adoption of materials from chemical-reduced tanning formulas. Similarly, Lamborghini presented the concept of its first...
Pittards is up for sale. The crisis of the British leather group (with a 200 year history) has worsened. The attempts to find new financial resourced proved vain, and the company that was trying to find 1.5 million UK pounds only gathered 204,000. The company employs 150 people in the UK and 900 in Ethiopia....
Asia and handbags. These will be the first targets of Gianvito Rossi‘s expansion under the new ownership of Richemont. The conglomerate confirmed “that it has acquired a controlling stake” in the Romagna-based shoemaker. The eponymous founder will retain a stake in the company and continue to develop the brand. The announcement confirms rumours that Richemont,...
Prada has the ambition “of generating solid, sustainable and above market-average growth”. To do so, it’s acting on multiple fronts. For example: investments, welfare, dual-listing, Church’s relaunch, and new hires. In the first semester of 2023, the group led by the Bertelli family has slightly disappointed the expectations of analysts in terms of revenue, but...
Not just shoes anymore. Leather goods and Asia are supporting the growth of Tod’s Group. And the stock market closed another stellar quarter, with revenue up 32.9%. Now the division has come to generate 17% of the global revenue. During the same period, sales in China grew 43.2% and compensated the 1.8% decrease from the...
Production obstacles do not stop the expansion of Charlotte bags. The leather goods brand is well known on Lake Garda, where it has 14 of its 22 directly operated shops. “We invest a lot in direct shops and trade fairs. Physical presence is important, because leather has to be touched”, says Luca Marchetti (pictured), founder...
France announces, as of next October, a bonus for those who take their shoes to a cobbler for repair, instead of throwing them away to buy new ones. This way, the Elysée hopes to encourage responsible consumption and sustainable fashion. As well as economically supporting artsisan workshops. The measure relies on a budget of 154 […]
H&M, Temu, the US Congress: all the accusations against Shein. The latest to sue the Chinese giant is the Swedish fast fashion bigwig, who points the finger at the “striking similarity between our products and theirs, proving that they are copied”. A few days earlier it was Temu who filed a lawsuit with Shein for...
Moving towards sustainability through innovation. This is the theme of the 21st International Footwear Congress, scheduled to take place from 19 to 22 September 2023, and which will see more than 300 participants taking part to it. Among them: manufacturers, brands and leaders of the footwear industry. Promoted by UITIC (International Union of Footwear Industry […]
Attiva 3200 is not only the latest generation of belt buffing machine for whole hides. It is also an example of how Bergi, which produces it, raises the bar terms of concrete and continuous improvement of the quality and productivity of its technological proposal applied to the tanning process. Bergi raises the bar with Attiva […]
