Bye bye Tuscany. Hugo Boss decided to close its Scandicci plant and to layoff 22 employees. According to information from labor unions, the brand has chosen to delocalize the prototype-creation process as well. Additional concerns have since then been rising regarding the other production site the brand has in Italy in Morrovalle, Marche. Hugo Boss...
Inflation pushes luxury brands to increase prices. But does the growth of price tags reflect an increase in product quality? Chanel is the brand most under the spotlight, given its very aggressive pricing strategy. Yet, it’s true that “the entire luxury industry is increasing prices – said Capri Holding’s CEO John Idol, to analysts -....
Destroying unsold inventory isn’t cool. And in France, where the “antigaspillage” law has been in effect since the start of 2022, it’s not even legal. Luxury brands are adapting their business model to fit the change. How? By incrementing control over leftover inventory, keeping a close eye on production volumes, and by launching products on...
More control over the chain means a shift in the balance between suppliers and fashion brands when it comes to design and production. Destroying leftover stock is no longer cool for fashion brands and, in some countries like France, it’s now illegal. The current scenario, for luxury brands, is focused on reducing waste to the...
Baxter‘s 2021 is golden. The company is active in luxury furniture with headquarters in Lurago d’Erba (Como), and was founded in 1990 by Luigi and Paolo Bestetti. Baxter closed last year with sales of nearly 74 million euros, an increase of around 30% on 2020. It has experienced the general good performance of the furniture...
Sol & Luna conquers the jet set. Twenty years ago, a Spanish married couple bought a farm in Paraguay and, recovering the leather from the cattle they raised and slaughtered, they started a parallel business. They began to use their leather for furniture. But also, to explore new avenues and give impetus to particular projects, […]
Everything about the year has been incredible at Ferrari. Record revenue, cars sold out and a hefty bonus for employees. Maranello surpassed, for the first time in history, the 4-billion-euro mark. “Orders have never been higher”, said CEO Benedetto Vigna, also announcing that all employees will receive a hefty bonus: 12,000 euro on average for […]
Car brands arguing with the vegan turn? “Some of the new alternative materials to leather are good. But if you think you’re saving the life of a calf by choosing them, you’re wrong”. James Muirhead is the heir to a long dynasty of Scottish tanners. The family business has been working with leather since 1840...
The first eco-friendly sneakers by Grisport are made with leather. Treviso-based company, specialized in outdoor shoes, just launched its “Eco 3P” model. The name od the model comes from the particular attention to the environment, posed by all phases of the manufacturing process It is part of the City line and can be used in...
Reebok’s creative director, Kerby Jean-Raymond, will leave his job at the end of February. This is the latest move before the brand’s transition from Adidas to ABG-Authentic Brands Group is completed. New distribution agreements and 150 redundancies were the other decisions in preparation for the transition. Brand objectives? To close the next financial year at […]
It’s a convergent movement. On the one hand, shops are being enriched with social formulas (live streaming, involvement of well-known personalities, etc.). On the other, the web is absorbing the sales standards of the physical world, and adapting them to the screen. China is central to the luxury market: this was already true before the...
Let’s put it this way: those trying to save the world from an imminent catastrophe use a leather bag. Italian leather, made in Bassano del Grappa by Finco 1865 tannery. This article has to do with Don’t Look Up, movie that was recently added on Netflix, and which has already become – explains Wikipedia -, […]
Covid has opened a season of crisis: and crisis are responded to proactively. “Change must be ridden, not suffered”, says Diego Rossetti, president of Fratelli Rossetti. He has no doubts about Italian leather: it is the only one that brings with it a guarantee of sustainability. On the hypothesis of opening up the group’s capital […]
If Zegna was able to be +27% on the year it has to do with the “Luxury Leisurewear” and “footwear” categories. The group’s sales amount to 1.29 billion euro, just below the 1.32 billion collected in 1.32 billion of 2019. US market performed well, awarding the Thom Browne brand with a revenue of 263 million […]
Price is the king. Costs are rising in the footwear supply chain, and this is now the main source of concern for operators. Nevertheless, they say that price is the factor that determines the evolution of the market more than any other. Experts estimate that by 2025 the average export price per pair of shoes...
As it should have been, Lineapelle New York was the edition of the return in presence. But, also and above all, a show that highlighted a lesson already heard and seen in Italy. For example, at Pitti Uomo and Expo Riva Schuh. So here it is: it is possible and necessary to return in presence...
The calendar of trade fairs in the CIS area has been redefined. Following the postponement of Micam Milano, the trade fairs that take place twice a year in Russia, Ukraine and Kazakhstan have been moved back into the calendar. The Spanish Futurmoda trade fair has also postponed its next edition by two weeks. Registration now […]
“Your profession applies scientific and technical know-how to an artisanal activity that has a long tradition, in Italy and other countries such as my home: Argentina. When I was young, I studied in a trade school focused on the usage of chemicals, and this brings me closer to your business”. These are the words of […]
The question is: For how long can LVMH grow at this pace? It’s a fair question for the French group, which closed 2021 with 64.2 billion euro in sales (also thanks to Tiffany’s performance). Specifically, the question is focused on the “fashion and leather goods” division, which grew more than expected: +51% (sales) in the […]
Ferragamo and Aeffe’s 2021 is good. Yet, both groups haven’t managed to reach the performances of 2019, last pre-pandemic year. Footwear and leather goods had a positive year for Ferragamo, and a great one for Aeffe (which suffered from the lower growth of the apparel division). Both groups hope that the reorganizations (completed and to […]
