Decker’s Board raises against activist investor

United States
Published:  21 November, 2017

In the battle to keep its Board of Directors unchanged in view of the upcoming annual shareholders’ meeting, Deckers has described how activist investor Marcato has a ‘shortsighted and value destructive agenda’ in a letter sent to all the stockholders on November 17.

Read more...

Plot allotments underway for Sohna’s Mega Leather Cluster

India
Published:  21 November, 2017

Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has opened the online applications for 132 industrial plots of different sizes to be allocated at the Mega Leather Cluster in Sohna, situated close to New Delhi, India.

Read more...

Groupe Renault enters Pakistan's car market

Pakistan
Published:  21 November, 2017

The French car manufacturer and UAE’s Al-Futtaim announced on November 20 that a definitive agreement has been signed for the exclusive assembly and distribution of Renault vehicles in Pakistan.

Read more...

Vietnam’s footwear exports forecast to increase

Vietnam
Published:  21 November, 2017

A meeting held in Ho Chi Minh City on November 17, organised by Vietnam’s Ministry of Industry and Trade and the European Trade Policy and Investment Support Project (EU-Mutrap), discussed the opportunities for exporters when the Europe-Vietnam Free Trade Agreement (EV-FTA) takes effect in 2019.

Read more...

Majority of Old Cairo’s tanneries relocated

Egypt
Published:  21 November, 2017

Sherif Ismail, Egypt’s Prime Minister, announced on November 20 that 70% of the tanneries operating in Old Cairo have been relocated to the new leather complex in Robbiki.

Read more...

Exports of U.S. wet-blue offset by European demand

United States
Published:  21 November, 2017

The latest figures from the USDA, the United States Department of Agriculture, for cattle and calves on feed confirm the consistent growth of inventories compared with 2016. 

Read more...

Wollsdorf Leder invests in new Mexico plant

Mexico
Published:  20 November, 2017

Water resource constraints at its main manufacturing site has led the Austria-headquartered automotive leather tanning specialist to invest €40 million in a new plant located in León, Mexico.

Read more...

More exhibitors expected at Simac Tanning Tech 2018

Italy
Published:  20 November, 2017

The organisers of the international exhibition of machinery and technology for the footwear, leather goods and tanning industries, Assomac, say demand for exhibition space at the upcoming 2018 edition has grown.

Read more...

Faurecia to reveal new connected seat cover at CES

United States
Published:  20 November, 2017

The French car components manufacturer is to reveal major disruptive innovations for a personalised and safe on-board experience in the versatile, connected and predictive ‘Cockpit of the Future’, at the upcoming Consumer Electronic Show (CES) taking place January 9-12, 2018 in Las Vegas.

Read more...

New European course on comfortable fashion footwear

Europe
Published:  20 November, 2017

The European Erasmus+ Fit2Com project, which aims to create a new qualification profile and training for comfortable fashion footwear, will launch a pilot to test the course contents in early 2018.

Read more...

Lanxess forecasts record year

Worldwide
Published:  17 November, 2017

The specialty chemicals manufacturer says it is on course for the highest earnings in its history following an excellent third quarter of 2017, and has announced that it has made considerable headway in reducing climate gas emissions (CO2e).

Read more...

Two new tannery zones earmarked for Bangladesh

Bangladesh
Published:  17 November, 2017

Sheikh Hasina, Bangladesh’s Prime Minister, has announced the Government is to set up another two environment-friendly leather industrial estates in the country.

Read more...

Retailer Next outlines importance of transparency to reduce modern slavery risk

United Kingdom
Published:  17 November, 2017

Chris Grayer, Head of Supplier Ethical Compliance at UK based High Street and online retailer Next PLC, gave a keynote presentation the topic of Modern Slavery and the Importance of Transparency at the Leather & Sustainability in Retail Conference in central London on November 16. The presentation gave a unique insight of the issues Next faced as an organisation to tackle modern slavery.

Read more...

Leather Naturally tells brands to be aware of ‘fake news’ about leather

Worldwide
Published:  17 November, 2017

Egbert Dikkers, Chairman of the Leather Naturally steering committee, advised attendees at the Leather & Sustainability in Retail conference held in London on November 16 to be aware of misinformation as well as ‘fake news’ reported in the mainstream and social media about leather and the way it is made.

Read more...

Lear Corp CEO announces retirement

United States
Published:  17 November, 2017

Global supplier of automotive seating and electrical systems, Lear Corporation, announced that Matt Simoncini has elected to retire as the Company’s President, CEO and Director.

Read more...

Participation in trade shows boosts Brazilian footwear exports

Brazil
Published:  16 November, 2017

Between January and October 2017, the Brazilian footwear sector exported almost 100 million pairs of shoes to over 150 different countries.

Read more...
Ferragamo's new Vara Rainbow bag collection

Drop in core profits for Ferragamo

Italy
Published:  16 November, 2017

The family-owned luxury Italian fashion brand has reported a 25.1% fall in gross operating profit for the first nine months of 2017.

Read more...

Adient invests in automotive seats prototyping in India

India
Published:  16 November, 2017

The U.S. headquartered supplier of automotive seating, parts and components, is investing US$30 million in a new automotive seat prototyping and testing facility in Pune, India.

Read more...

Revenue growth for Yue Yuen

Hong Kong
Published:  16 November, 2017

Branded footwear manufacturer, Yue Yuen Industrial Holdings, has announced a 6.7% increase in revenue to US$6,718.0 million in the first nine months of 2017, compared with the same period in 2016.

Read more...

Freiberg Leather Days call for papers

Germany
Published:  16 November, 2017

The 7th edition of Freiberg Leather Days annual conference takes place in Freiberg, Germany, on June 13-14, 2018.

Read more...

Former Wolverine tannery accused of contaminating drinking water

United States
Published:  15 November, 2017

An old tannery dump owned by Wolverine Worldwide in Belmont (MI), U.S., has been accused of polluting local water systems. The Group has been distributing bottled water to local residents while tests take place.

Read more...

Minerva Foods benefits from JBS assets

Brazil
Published:  15 November, 2017

A fall in cattle prices, the incorporation of JBS’ Mercosur beef processing operations and the beginning of a recovery in domestic meat sales, are said to have boosted the performance of Minerva Foods in the third quarter of 2017.

Read more...

Third quarter revenue growth for Marfrig

Brazil
Published:  15 November, 2017

Marfrig’s Brazilian units recorded sales volume growth of 36% in the third quarter of 2017 compared with the corresponding period in the prior year.

Read more...

Wolverine Worldwide reviews full-year earnings guidance

United States
Published:  15 November, 2017

Wolverine Worldwide, owners of footwear brands such as Hush Puppies, Merrel and Keds, has posted the financial results for the third quarter ending September 30, and updates its full-year revenue and earnings guidance.

Read more...

Stahl partners on project to clean up the Ganges

India
Published:  15 November, 2017

Dutch chemical supplier Stahl together with partners Solidaridad, PUM Netherlands senior experts and a number of Indian partners officially launched a public-private partnership to clean up the Ganges on November 13. The project aims to make the Kanpur Leather Cluster more sustainable by implementing new working methods and technologies with a lower environmental impact. 

Read more...

JBS reduces debt and posts decline in net profit

Brazil
Published:  14 November, 2017

Brazil’s meatpacking giant has posted a net profit of R$323 million (US$98.5 million) in the three months to September 30, 2017, down from R$887 million (US$270.5 million) in the corresponding period the previous year.

Read more...

Volkswagen invests in new SUV plant in Argentina

Argentina
Published:  14 November, 2017

Pursuing with its strategy for South America, the German carmaker announced it is investing some €560 million over the next five years in the production of a new SUV in Pacheco, Argentina. 

Read more...

Tyson announces record results and new acquisition

United States
Published:  14 November, 2017

Tyson Foods has completed the acquisition of Philadelphia-based Original Philly Holdings, one of the leading producers of raw and fully-cooked sandwich steak and cheesesteak appetizer products in the U.S.

Read more...

Pakistan wants export restriction on raw materials

Pakistan
Published:  14 November, 2017

Leather sector representatives and manufacturers in Pakistan say export restrictions on raw hides and semi-finished products such as wet-blue could boost the value-added industry.

Read more...

Richemont acquires Italian leather goods brand

Italy
Published:  14 November, 2017

The Switzerland-based luxury goods holding, which has posted a 10% increase in sales for the six months ended September 30, has acquired Italian leather goods brand Serapian.

Read more...

Wollsdorf Leather announces new aviation contract

Austria
Published:  13 November, 2017

Austria based high-end upholstery tanner, Wollsdorf Leather, has been commissioned to equip approximately 100 aircrafts.

Read more...

Former Stahl Director passes away

Worldwide
Published:  13 November, 2017

The Netherlands based chemical manufacturer Stahl has announced that Philip Rothwell, who worked for the Company for over 36 years, passed away on November 8 at the age of 79.

Read more...

Leather event focusses on water usage optimisation

Spain
Published:  13 November, 2017

Leather chemical manufacturer Stahl and the Igualada Leather Cluster located near Barcelona have provided practical insights in optimising water usage in leather production during a one-day event held in the town on November 9.

Read more...

Indian leather exports remain flat

India
Published:  13 November, 2017

A reduction in the Government’s duty drawback incentive to 2.6% and delays in the Goods and Services Tax (GST) refund could lead India’s leather exports to remain flat this fiscal year.

Read more...

U.S. and China drive Adidas Q3 sales

Worldwide
Published:  13 November, 2017

Third quarter 2017 sales are reported to have continued to deliver strong financial performance, with sales in Greater China and North America increasing at double-digit rates.

Read more...

Bangladesh’s exporters demand stable tax roadmap

Bangladesh
Published:  10 November, 2017

Representatives from various industry associations in Bangladesh, including from the leather sector have demanded long-term and stable tax and energy polices in order to secure future investments.

Read more...

Vietnam needs to boost local raw material production

Vietnam
Published:  10 November, 2017

As Vietnam follows China’s footsteps and quickly develops itself as an export-oriented economy, with overall exports exceeding targets and reaching US$173.7 billion in the first ten months of 2017, the country’s footwear and leather goods manufacturers see the potential of the domestic market but still struggle in sourcing raw materials locally, including leather.

Read more...

Leather sector could boost Indonesia’s footwear exports

Indonesia
Published:  10 November, 2017

Ranked among the world’s top five exporters of footwear, Indonesia currently only holds 4.4% of the total market share. To improve competitiveness, the country needs to boost its domestic supply of raw materials, especially leather.

Read more...

First edition of BLLISS aims to attract brands

Bangladesh
Published:  10 November, 2017

The first edition of BLLISS, the Bangladesh Leather footwear & Leather goods International Sourcing Show, takes place November 16-18, 2017 at the International Convention City, Bashundhara, in Dhaka, Bangladesh with the aim of attracting key leather buyers.

Read more...

Effects of deforestation in Brazil presented at London retail conference

United Kingdom
Published:  10 November, 2017

This important topic will be presented at the Leather & Sustainability in Retail Conference 2017 on Thursday, November 16 in central London, where Simon Hall from the NGO, the National Wildlife Federation (NWF), will provide an update on the current situation in Brazil and the impact deforestation will have on the supply chain traceability of brands and retailers. There are only 10 delegate places remaining so please book quickly if you would like to attend.

Read more...

Environmental focus in latest edition of ILM magazine

Worldwide
Published:  09 November, 2017

Contributions from major global tanners such as JBS Couros and Gruppo Mastrotto are among the editorial articles featured in the market-leading, November-December 2017 edition of International Leather Maker (ILM) print and digital app edition. The latest publication has a special focus around environmental topics in the leather supply chain.

Read more...

Leather goods at the core of Burberry’s new luxury strategy

United Kingdom
Published:  09 November, 2017

Burberry’s shares were trading -9.42% lower in the London Stock Exchange on November 9 as the Company’s CEO, Marco Gobbetti’s, fails to convince investors of its new brand positioning.

Read more...

Good leather goods and saddlery growth for Hermès in Q3

Worldwide
Published:  09 November, 2017

Consolidated revenues for the exclusive luxury brand amounted to €4,050 million at the end of September 2017, up +10% at constant and current exchange rates, with the Leather Goods and Saddlery category recording a +11% growth in the quarter.

Read more...

German students visit ISA TanTec Heshan

China
Published:  09 November, 2017

A group of German students from Geschwister Scholl Gymnasium, Düsseldorf, Germany, visited the international tanning Group’s ISA TanTec’s premises in Heshan, China, on November 7.

Read more...

Athleisure footwear segment good for Stella

Hong Kong
Published:  09 November, 2017

Hong Kong headquartered designer, manufacturer and retailer of footwear and leather goods, Stella International Holdings, has posted a 4.1% increase in shipment volumes and a 2.5% decline in manufacturing revenue in the three months ended September 30, 2017.

Read more...

Mercedes-Benz record sales momentum continues

Worldwide
Published:  09 November, 2017

The premium German carmaker begins the fourth quarter with another new sales record.

Read more...

Deckers see entire Board change as detrimental

United States
Published:  09 November, 2017

Activist investor Marcato is pressing the U.S. based footwear and apparel Group to replace the entire Board of Directors with its own group of nine nominees.

Read more...

Concerns over Lanvin’s financial status

France
Published:  08 November, 2017

France’s oldest luxury fashion house, Lanvin, is said to be in need for an urgent cash injection and there are fears the Company might not be able to pay its employees’ salaries in the near future.

Read more...

Tod’s reviews product strategy as sales decline

Worldwide
Published:  08 November, 2017

Sales for the Italian shoes and leather goods manufacturing Group totalled €722.2 million in the first nine months of 2017, down -4.7% against the same period in the prior year.

Read more...

Recruitment: Technical Managing Director – Wollsdorf Leder

Austria
Published:  09 November, 2017

Operating as a world market leader, Wollsdorf Leder Schmidt & Co Ges.m.b.H. produces high-quality special leather, primarily for the automotive industry. Innovation and growth, security and environmental consciousness – Wollsdorf meets all these requirements and creates perfect leather solutions in close cooperation with its customers. The company is currently looking for a Technical Managing Director to be based at its production centre in Styria.

Read more...