It will be a hot summer for the footwear segment around the world. Birkenstock allegedly plans for an IPO in the USA, while in France Heschung has a new owner, after Clergerie. In Italy, OTB continues to court Gianvito Rossi, and manufacturing entities such as Gruppo Florence are ready to welcome new companies in their...
The importance (and sustainability) of leather for Joanne Crevoiserat, CEO of Tapestry, parent company of Coach, Kate Spade and Stuart Weitzman. In an interview with WWD, Crevoiserat lists the US group’s efforts and commitments to increase sustainability. Tapestry says it is exploring polyester, recycled nylon and organic cotton. It says it has invested in Generation...
Luxury’s sustainability effort is moving in both social and environmental directions. This is confirmed by the latest two results (achieved and announced) of Gucci, flagship brand of the Kering group, and LVMH. Which are committed to women and water consumption respectively. Gucci for women Bureau Veritas has recognised Gucci’s certification, to which the brand has...
Light and darkness over the first quarter of Italy’s footwear segment. Comparing it to the same period of 2022, revenue increased (+13.6%), along with the growth of the value of exports (+16.1%) and a trade balance of +21%. The internal market also performed well, growing 8.2% on yearly basis. Yet, the scenario isn’t all rosy....
100 Rubles for 1 euro. A new hit for business towards Russia, because if the oscillation is temporary the impacts will be limited, but if it was to persist or worsen, the repercussions would be dire. For example, generated revenue would decrease and the amount of unsold products would increase. A delicate situation that impacts...
Velasca is anticipating production. And it’s just the first move to quadruple turnover: from 25 million in 2023 to 100 million in 2028. Exports are now 40% of revenue, with the USA and France as the two leading destinations. The company founded in 2013 by Enrico Casati and Jacobo Sebastio now has 90 employees. Today...
The need remains the same: making things clear, as well as building, step by step, a “convincing narrative” for what is the green DNA of Italy’s tanning industry cited by UNIC – Italian Tanneries’ president Fabrizio Nuti (during the last annual assembly of the association). To do so, UNIC was among the speakers of Phygital […]
A new tanning alliance and a project launched in the name of calfskin and lambskin. A joint venture involving a French tannery owned by Chanel, a Tuscan group specialising in vegetable leathers and a raw material trader. Gruppo Volpi and Tanneries Haas join forces with Italian trader Campelli, and creating a joint venture called Volfoni....
In Brazil the tanning and livestock industries have signed a green cooperation deal that allows them to work on joint objectives. The underwriters were CICB, the association that represents the tanning industry of the country, and ABIEC, the association representing exporters of meat of bovine origin. Green cooperation deal CICB and ABIEC have stated they […]
Patou and Walter Albini are seeking a relaunch, for which they claim leather goods will play a decisive role. The former belongs to the LVMH galaxy. Bidayat, owned by Alsara Investment Group, is instead preparing to relaunch the brand Walter Albini. Acquired in May, the brand is back in the news (also) because of rumours […]
Shoto’s Stefano Medori (in photo) hopes for pleasant degrowth (towards quality) for the Marche district. To alleviate the issue of workforce and surpass the idiosyncrasy of aggregations, which he experience first-hand. The entrepreneur doesn’t say it openly, but he speaks about some initiatives by ITA (Italian trade Agency), the Marche region, and consortiums that have...
One 17th century espadrillas, capable of resisting the test of time because made of leather. It’s just one of the findings from the excavation site of Migdia and Plaça de Pau Vila, in Barceloneta. The area is close to the beach of Barcelona, neat the subway station: in the past, the site hosted a fortified tower […]
Seemingly launched at full speed towards the goal of “fashion revolution”, instead Mylo crashes against the wall of trivial accounting. US start-up Bolt Threads announces that it has ceased production of the alternative material to leather generated from mycelium, the vegetative apparatus of mushrooms. Why? Despite the support of companies such as Stella McCartney, Kering...
They define it as a “software that allows for process improvement with a scientific basis for the tanning industry”. Summing up these aspects, the interest is palpable. “With a scientific basis”, especially is of relevance, given the wide relevance for the fashion and luxury industries to rely on exact measuring tools providing sharable and certified...
The EU confirms the ban on imported raw hides, finished leather and fur from Russia. The decision comes as part of the 11th sanctions’ package created for the Kremlin, after the invasion of Ukraine in 2022. The ban on imported leather and fur follows a similar measure already adopted in October 2022. What is no...
The key word is: together. The subtext mentioned multiple times by Solofrian entrepreneurs is: “Never like this time”. It can’t be otherwise, as years of bureaucratic red-tape have contributed to making the development of the district more challenging. Now, the water treatment plant waits for work to begin. The region managed to deliver the parcel...
The Daniel Lee effects awakens China. The ex-creative director of Bottega Veneta went on to guide Burberry’s style from September 2022 onward, and his impact has been clear even since. This is especially true in China, where the return of the brand’s classic motif has awoken “dormant” clients. The English brand has been in China...
French shoe manufacturer Clergerie is getting American. Titan Footwear, a subsidiary of the US group Titan Industries, is the saviour of the transalpine brand that went into receivership last March. Titan will retain 45% of the workforce (60 of the 134 employees). Crisis and (potential) revival Founded in 1981 by Robert Clergerie, the brand was...
Two landmark companies in the UK leather industry are in crisis. Pittards needs to raise 1.5 million pounds to save itself. This way, it could avoid what happened to Roma Leather which, instead, ended up in receivership. Delicate situation for Pittards Pittards announced that it had reached an agreement to restructure its debt with Lloyds...
Vietnam and Indonesia down. Manufacturers’ excess stocks, a consequence of lower sales, mean that incoming orders in Vietnam and Indonesia are falling. With natural consequences for employment. For some years now, China has been losing its dominance as the world’s only factory. Vietnam had proved to be the stronger alternative. Indonesia has also increased its […]
