Credit: Ugg
The U.S. headquartered footwear and apparel manufacturer posted sales up 5.6% to a record US$2.13 billion for its full fiscal year 2020, particularly driven by net sales of the Hoka One One brand.
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The footwear brand, owned by Wolverine Worldwide, has named a new global President.
Read more...The Leather Working Group (LWG) announced that Christina Trautmann has joined the group in the role of Operations Manager.
Read more...Brazil’s Superior Court of Justice (STJ) has authorised brothers Joesley and Wesley Batista to occupy executive functions in the companies owned by J&F holdings, which controls meat processing giant JBS.
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Renault Megane E-Tech
The French automotive manufacturer said the plan to reduce fixed costs over the next three years aims to restore the Group's competitiveness and ensure its long-term development within the framework of the Alliance.
Read more...Mike Redwood’s message in the Commentary entitled “The ‘death spiral’ for meat in diets” published on the ILM website on May 27, 2020, touched a nerve and rang true for many in the industry – perhaps the livestock, meat (and for that matter, leather) industries can and should be doing more to publicly address detractors, especially when the criticism is misleading or unwarranted.
Read more...On May 28, the global fashion group, which owns the Versace, Michael Kors and Jimmy Choo brands, unveiled the details of a phased reopening plan for its global store operations.
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The Newent sofa
The furniture pieces draw inspiration from both long-established and modernist design, and interpret the personality and discerning aesthetic of Bentley Motors.
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The specialty chemical supplier announced it will not be attending the upcoming edition of the All China Leather Exhibition (ACLE), scheduled to take place in Shanghai on September 1 – 3.
Read more...The luxury fashion brand said the Covid-19 pandemic added pressure on the business.
Read more...Manufacturers from Bangladesh announced on May 27 that they would blacklist Western fashion brands that have failed with payment commitments.
Read more...Alessandro Michele, Creative Director, Gucci, said that he plans to shift from the usual cruise, pre-fall, Spring/Summer and Autumn/Winter catwalks to twice-yearly seasonless meetings.
Read more...The French luxury brand has named Mulberry’s Johnny Coca as Director for its women's-fashion leather goods.
Read more...VDMA TFL, which also represents the interests of the shoe and leather technology sectors, said it supports the decision of postponement of Texcare International by one year to 2021.
Read more...On May 26, the French President Emmanuel Macron unveiled the plans for an aid scheme to rescue the French automotive sector, with particular focus on electric and hybrid vehicles.
Read more...The Board of Aston Martin Lagonda Global Holdings announced on May 26 that Dr Andy Palmer is stepping down as President and Group Chief Executive.
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The sportscar manufacturer and Formula 1 team said business has been badly impacted by the crisis resulting from the Covid-19 pandemic.
Read more...In the wake of the Covid-19 pandemic, Spanish tannery Tenerias Omega has launched two new ranges of anti-bacterial leather (ABL), Fresco and Rocket, intended for the Hospitality and Contract Furnishing markets, as well as for the Aviation industry.
Read more...Meat processors Marfrig, BRF and Minerva are reported to have registered a significant number of coronavirus outbreaks among their employees in Brazil.
Read more...On May 20, the Footwear Distributors and Retailers of America (FDRA) sent a letter to the Trump Administration urging that the current duty deferment plan be extended for the rest of 2020.
Read more...Leather purchasers and leather goods manufacturers are increasingly demanding high-quality leathers that have been produced more responsibly. Better for the environment, and better for the people who craft them. This global trend challenges tanners to improve the sustainability of their leather-making process.
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GM plant in Silao, Mexico
As General Motors (GM) Mexico announced its plans to resume production at its plants located in Ramos Arizpe, northern Mexican state of Coahuila, and Silao in the central state of Guanajuato, Lear Corp has reportedly asked some workers back to also resume activity on May 22.
Read more...The car manufacturer restarted initial production at its Dagenham Engine Plant in Essex and Bridgend Engine Plant in South Wales on May 18. Meanwhile, new car registrations in the UK are reported to have declined 97.3% in April, a record low for the new car market.
Read more...The British fashion label said there was strong momentum in brand, product and sales delivered before the Covid-19 outbreak, “ahead of its previous expectations”.
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Clarks Desert Boot
The British footwear manufacturer and retailer is to cut 900 jobs, of which more than 100 are at its headquarters located in Somerset, South West England.
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Mazda CX30 Crossover
As Covid-19 restrictions begin to relax in several countries, the Japanese carmaker said its dealers have been gradually resuming operations, while production is slowly increasing at manufacturing plants.
Read more...About 100 workers from the French cattle slaughter sector are said to have been confirmed positive with Covid-19.
Read more...Allegedly, the plant closures would be part of a major cost-saving strategy by the French carmaker, which is said to be struggling with the crisis hitting the automotive sector.
Read more...Brazil’s second largest meat processor has recorded net revenue of R$13.5 billion (US$2.34 billion) and net margin of 9.1% for the first quarter of 2020.
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The latest episode of the ILM podcast series “View from the top” is now available free of charge to download and listen to here, as well as via Apple Podcast and Spotify.
Read more...For the fiscal year ending March 28, 2020, the parent company of the Timberland brand posted revenue up 2% to US$10.5 billion, but revenue declined 11% for the fourth quarter to US$2.1 billion dollars, due to lower consumer demand amid lockdowns in several key markets worldwide.
Read more...The luxury automotive manufacturer said its Covid-19 risk assessment is a means of demonstrating that the company fully complies with the UK government’s guidance on managing the risk of the virus.
Read more...The tanneries operating in Solofra, Italian province of Avellino, have suffered political attacks regarding the pollution of the nearby Sarno river.
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The São Paulo headquartered meat processing giant has posted a 27.3% increase in net revenue for the first quarter of 2020 compared with the same quarter in 2019.
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Credit: Chanel
The French luxury fashion label said it is increasing the price tags on its handbags and other leather accessories as a result of a rise in the cost of raw materials due to the Covid-19 pandemic.
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Credit: Stuart Weitzman
The New York headquartered fashion group said it is taking a phased market-by-market approach, and has begun the store reopening process in North America, Europe and additional markets in Asia in accordance with governmental guidelines.
Read more...The 22nd edition of the trade show was scheduled to take place July 15-17 at the Saigon Convention & Exhibition Centre.
Read more...Net consolidated operating revenue for the Hong Kong headquartered footwear manufacturer totalled US$709.9 million in April, a 19.1% decline year-on-year.
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Sales for the Canadian mobility technology company totalled US$8.7 billion in the first quarter of the year, down 18%, with estimated Covid-19 impacts of approximately US$1.1 billion on sales.
Read more...As the Covid-19 pandemic continues, after the Shanghai Digital Fashion Week and Helsinki’s Virtual Fashion Week, the organisers of the London, Milan and Paris Fashion Weeks announced their events will also go digital.
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The U.S. headquartered supplier of automotive seating and e-systems has recorded sales of US$4.5 billion (-14%) in the first quarter of 2020, down from US$5.2 billion in the same quarter of 2019.
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Picture: Sandra Seitama
Analysts at theSauerReport, ILM’s sister online platform for the global raw materials (hides/skins) prices and analysis for leather, have observed a shift in the market dynamics over the past few weeks as the supply and demand balance appears to be changing. If the trend continues, it may have an impact on raw material and hence leather prices, both up and down. The current market feels quite volatile.
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The luxury car manufacturer resumed production at the company’s headquarters in Crewe, England, on May 11.
Read more...The Ferrari factories located in Maranello and Modena, Italy, have gradually returned to full production in line with the luxury sportscar manufacturer’s "Back on Track" programme.
Read more...The French luxury conglomerate has issued a dual-tranche bond for a total of €1.2 billion, consisting of a €600 million tranche with a three-year maturity and a 0.25% coupon, and a €600 million tranche with an eight-year maturity and a 0.75% coupon.
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Geox XLED range for children
The Italian footwear brand has reported sales of €182.9 million for the first quarter of 2020, down 29.9% at current rates and 30.2% at constant exchange rates. The company said it is working closely with its suppliers to reduce purchases for the upcoming autumn-winter collection as a result of the coronavirus pandemic.
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Picture: Juliana Amorim
Mauricio Bauer, Senior Corporate Engagement Specialist, National Wildlife Federation, is the final speaker in the upcoming free-to-attend webinar ‘Understanding raw materials for the tanning industry’, organised by theSauerReport in association with ILM, to be broadcast on Wednesday, May 13, 2020 at 3pm CET (2pm UK time).
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GST AutoLeather seats in the Pininfarina Battista.
Key automotive industry insiders share their views on decontenting of leather in the May-June 2020 print and digital app edition of International Leather Maker (ILM), with this issue’s Talking Point shining the spotlight on this controversial subject which is most prevalent in the automotive industry.
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The UK tanner and leather goods manufacturer said it has switched its leather goods production into making scrubs bags to donate to the country’s National Health Service (NHS) workers as part of a drive to help bolster supplies.
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Picture: Hugo Boss
The Germany headquartered fashion label has reported a decline in sales, profitability, and cash flow for the first three months of 2020.
Read more...International Leather Maker is a business information brand produced by Edify Digital Media Ltd
