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Lower sales hit Coach

Coach shares dropped the most in six months on July 30 after saying second-quarter revenue fell at its established stores in North America and that the trend would continue as increasing competition hurts handbag sales.

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Government puts taxes up on leather goods

The federal government on July 26 imposed sales tax in two parts on domestic sales of finished and unfinished textile and leather products to generate revenue for the cash-starved country.

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LVMH leather business doing well

LVMH Moët Hennessy Louis Vuitton, the world's leading luxury products group, recorded revenue of €13.7 billion in the first half 2013, an increase of 6%. Organic revenue growth was 8% compared to the same period in 2012, which itself saw strong growth. 

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PTA present formula for export growth

Pakistan Tanners Association (PTA) Chairman Agha Saiddain has presented a 14-point formula before the Federal Ministry of Commerce to give a boost to the exports of leather and leather products. 

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COTANCE demand action on raw materials

The delegates from the National Tanners’ Associations of Italy, Spain, France, United Kingdom, Germany, the Netherlands, Portugal, Sweden, Romania and Belgium met June 21 at the COTANCE annual general meeting (AGM). 

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JBS establish sustainability operation

According to aclechina.com Brazilian packer and tanning group JBS has set up a new directorate to take specific responsibility for sustainability in its operations. It appointed an economist, Marcio Nappo, to head up the new division. Marcio Nappo had been working since 2009 as head of the environmental responsibility department of trading group Archer Daniels Midland; his previous experience was in the sugar and vegetable oil sectors.

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