Sharp drop in profit for Yue Yuen

Hong Kong
Published:  16 November, 2018

Unaudited consolidated results for the nine months ending September 30, 2018, show that profit attributable to owners of the Company declined -48.3%, year-on-year.

Read more...

JBS shares rise on Q3 results

Brazil
Published:  15 November, 2018

The Brazilian meatpacker’s net revenue in the third quarter of 2018 amounted to R$49.4 billion (US$13.05 billion), up +20.1% year-on-year.

Read more...

Tyson’s beef sales rise in Q4 but results below estimates

United States
Published:  14 November, 2018

The U.S. based food and protein processor has posted overall lower sales in its fourth fiscal quarter and says the Company has been hit by higher costs due to trade tariff issues.

Read more...

APLF promotes leather at Manila FAME

Philippines
Published:  14 November, 2018

The Hong Kong leather trade show organiser has partnered with Manila’s premier sourcing platform, FAME, on a project aimed at inspiring buyers, manufacturers and fashion designers about the beauty and versatility of leather. 

Read more...

Aston Martin’s new plant tailored for electrified production

United Kingdom
Published:  14 November, 2018

The new manufacturing plant will be British sportscar manufacturer’s second production facility and is to, ultimately, become the Company’s ‘Home of Electrification’ when the marque’s planned BEV models enter production.

Read more...

Richemont’s H1 results disappoint despite profits doubling

Worldwide
Published:  13 November, 2018

Net profit for the Switzerland based luxury holding stood at €2.25 billion in the six months period ending September 30, compared with €974 million in the same period of the Group’s fiscal 2018, but mainly due to a revaluation of existing shares of the recently acquired Yoox-Net-A-Porter (YNAP) business.

Read more...

Ferragamo Q3 profits lower

Worldwide
Published:  12 November, 2018

Despite the Italian luxury label’s leather bags and accessories category recording a +3.4% increase in sales in the first nine months of the year, profit was hit by lower footwear sales.

Read more...

Adient suspends cash dividend to focus on debt reduction

United States
Published:  12 November, 2018

Despite an approximate +4% increase in sales in the Company’s fourth quarter, the automotive components manufacturer posted adjusted EBITDA for the quarter at US$251 million, a US$139 million decline year-on-year.

Read more...

Mulberry hit by challenging UK retail environment

United Kingdom
Published:  09 November, 2018

The British premium leather bags manufacturer has reported a loss before tax of -£8.2 million (-US$10.67 million) in the six months ending September 30, attributed to critical conditions on the UK’s high street.

Read more...

Michael Kors struggles with brand positioning in Europe

Worldwide
Published:  09 November, 2018

Overall, Michael Kors brand revenues were down -0.8% in the second quarter of the Group’s fiscal 2019, with Jimmy Choo delivering a better performance driven by its strength in the footwear segment.

Read more...

Record net revenue for Marfrig in Q3

Brazil
Published:  09 November, 2018

The Brazilian meatpacker, which acquired a controlling interest of U.S. based National Beef in June 2018, has posted record net revenue of R$11 billion (US$2.94 billion) in the third quarter of 2018, up +21% year-on-year.

Read more...

JBS signs MoU with Alibaba Group

China
Published:  08 November, 2018

The Brazilian meatpacking giant signed a Memorandum of Understanding (MoU) on October 6 with Win Chain, a subsidiary of Alibaba Group, to export beef to China over the next three years.

Read more...

GLCC members support Leather Naturally initiative

Worldwide
Published:  08 November, 2018

The member associations of the Global Leather Coordinating Committee (GLCC); the International Council of Tanners (ICT), International Council of Hides, Skins and leather Traders Associations (ICHSLTA) and the International Union of Leather Technologists and Chemists Societies (IULTCS), have agreed to support the Leather Naturally Initiative.

Read more...

Burberry’s cost reduction strategy paying off

Worldwide
Published:  08 November, 2018

The UK headquartered fashion label’s interim results for the 26-week period ending September 29, 2018, shows reported operating profit up +36% despite retail sales remaining flat.

Read more...
Robert Perkins, Hotter

Footwear brand Hotter to explain benefits of supply chain traceability

United Kingdom
Published:  07 November, 2018

Robert Perkins, Group Managing Director of UK footwear brand Hotter will be presenting how supply chain traceability has led to commercial benefits at the Leather & Sustainability in Retail Conference 2018’ taking place in central London on November 15.

Read more...

ILM November-December 2018 edition – Can leather be biodegradable?

Worldwide
Published:  06 November, 2018

The market leading 68-page, November-December 2018 edition of ILM has now been published in print and on its digital app for Apple and android devices. The latest edition looks at the challenges and opportunities for biodegradable leather and if it could fit into a circular supply chain.  

Read more...

Cost reductions help boost Toyota’s profit in Q2

Worldwide
Published:  07 November, 2018

The Japanese automotive manufacturing Group attributes the +16% rise in net profit in the second quarter to cost reductions and rising sales in North America, its largest market.

Read more...

Double-digit growth in October for Volvo Cars

Worldwide
Published:  06 November, 2018

The premium car manufacturer has posted a +11.8% rise in sales in the month of October, year-on-year, and says it is heading for its fifth consecutive year of record retail sales.

Read more...

Pakistan Mega Leather Show prepares for 5th edition

Pakistan
Published:  05 November, 2018

Organised by the Pakistan Tanners’ Association (PTA), the fifth edition of the leather industry trade show takes place January 27-29, 2019, at the Lahore International Expo Centre, Lahore.

Read more...

Speaker line-up finalised for London sustainability conference

United Kingdom
Published:  02 November, 2018

ILM and BLC | Eurofins, co-organisers of the upcoming Leather & Sustainability in Retail 2018 conference are pleased to announce that the final speaker line-up and discussion panel has been confirmed. 

Read more...

Russia allows Brazilian beef imports to resume from some plants

Russia
Published:  02 November, 2018

Russia's agriculture safety watchdog said on October 31 it would allow imports of beef and pork from nine Brazilian plants beginning on November 1, ending an 11-month ban triggered by concerns about the safety of their meat products.

Read more...
Peter Hughes

Are vegan alternatives to leather really sustainable?

United Kingdom
Published:  01 November, 2018

The term ‘vegan leather’ is increasingly being used to describe materials promoted as an alternative to leather, but there is a significant debate around the suitability of these materials. Are these materials really sustainable when compared with genuine leather? 

Read more...

Strong first quarter results for Tapestry

United States
Published:  31 October, 2018

Tapestry celebrated its first anniversary of its new corporate identity with net sales totalling US$1.38 billion (+7%) for the Group’s first 2019 fiscal quarter.

Read more...

Hitachi to sell its Clarion unit to Faurecia

Japan
Published:  31 October, 2018

The France headquartered car parts and seating manufacturer is to acquire Hitachi’s car navigation unit, Clarion, in a move to strengthen its position as a major supplier of cockpit electronics.

Read more...

Nigeria sets up leather training programme

Nigeria
Published:  31 October, 2018

The training programme is part of the Government’s aim to achieve US$6 billion in revenue from the leather sector.

Read more...

Hüni Group sponsors Tannery of the Future foundation

Worldwide
Published:  30 October, 2018

The Swiss producer of tannery drums and supplier of process control equipment for the leather industry has signed a three-year sponsorship agreement with the Tannery of the Future foundation.

Read more...

Tide deposits leather packages on Brazilian beaches

Brazil
Published:  29 October, 2018

Several piles of a 'mystery material' were deposited by the tide at beaches in at least eight different locations in the North East of Brazil.

Read more...

Continued increase in sales and profitability for Puma

Worldwide
Published:  26 October, 2018

Sales for the global sportwear brand increased +14% currency-adjusted in the third quarter of 2018 to €1.24 billion (+11% reported), totalling €3.42 billion (+17%) for the first nine months of the year.

Read more...

Deckers earnings per share in Q2 exceeds expectations

Worldwide
Published:  26 October, 2018

Net sales for Deckers Brands increased +4% in the second quarter of the Company’s fiscal 2019, to US$501.9 million against US$482.5 million in the same period of the previous fiscal year.

Read more...

Richemont signs strategic alliance with Alibaba Group

China
Published:  26 October, 2018

Swiss luxury goods Group, Richemont, has announced Yoox Net-A-Porter (YNAP) has signed a global strategic partnership with Chinese conglomerate, Alibaba Group.

Read more...

Ford to temporarily halt production in Spain

Spain
Published:  25 October, 2018

The U.S. headquartered automotive manufacturer says it will halt production at its plant in Almussafes, eastern Spain, for nine days.

Read more...

Ermenegildo Zegna wins counterfeit court case in China

China
Published:  25 October, 2018

The high-end fashion label has won a five-year long court battle against counterfeiting in China.

Read more...

Coach to ban animal fur

Worldwide
Published:  24 October, 2018

The U.S. headquartered fashion label is to progressively phase our fur from its collections.

Read more...

Ferragamo’s shares spike on expectations of buyout

Italy
Published:  24 October, 2018

Shares of the Italian luxury fashion label rose +8.8% in Milan, the highest in two years, upon the announcement of the death of the founder’s widow, Wanda Ferragamo.

Read more...

Double-digit growth for Dr Martens

Worldwide
Published:  23 October, 2018

The iconic British footwear brand has reported revenue up +33% to £50 million (US$64.94 million) in the year to March, with sales up +20% to £348.6 million (US$452.84 million).

Read more...

VW starts construction of US$2.5 billion plant in China

China
Published:  22 October, 2018

The new energy vehicle (NEV) plant, part of Volkswagen Group’s joint venture with China’s SAIC Motors, adopts a production network based on Industry 4.0 is expected to have an annual output of 300,000 cars.

Read more...

Timberland pursues footwear diversification strategy

Worldwide
Published:  22 October, 2018

VF Corp’s revenue from continuing operations are reported to have increased +15% (+ 16 % on a constant basis) to US$3.9 billion in the second quarter of the Group’s fiscal 2019, with Timberland’s revenue in China almost doubling year-on-year.

Read more...

Hermès inaugurates online sales platform in China

Worldwide
Published:  19 October, 2018

The France headquartered luxury label joins its rivals by embracing online sales with the official opening of its e-commerce platform in China on October 17.

Read more...
Skechers Zinger

Skechers posts record third quarter earnings

Worldwide
Published:  19 October, 2018

The U.S. headquartered casual footwear manufacturer says it has reached record sales of US$1.176 billion in the third quarter ended September 30, 2018, representing a +7.5% increase (8.5% on a constant currency basis).

Read more...

Luxury label Vionnet halts operations to re-brand as sustainable

France
Published:  18 October, 2018

The French luxury fashion house has placed itself into voluntary liquidation. It is temporarily closing down its operations before making a come-back as an eco-friendly label.

Read more...
Susan Schofer

“Is it possible to grow leather?”

United Kingdom
Published:  18 October, 2018

Pioneers in biologically advanced materials, Modern Meadow will be presenting at the at the ‘Leather & Sustainability in Retail Conference 2018’ taking place in central London on November 15.

Read more...

XXXV IULTCS calls for paper submissions

Germany
Published:  17 October, 2018

The organising committee of the XXXV IULTCS (International Union of Leather Technologists and Chemists Societies) Congress taking place in Dresden, Germany, on June 25-28, 2019, is calling for papers.

Read more...

Trumpler acquires Langro-Chemie leather finishing business

Germany
Published:  16 October, 2018

Specialty chemical manufacturer, Trumpler, has has signed an agreement with Germany based Langro-Chemie Theo Lang to acquire its leather finishing business.

Read more...

Fashion athletic footwear drives growth for Stella International

Hong Kong
Published:  15 October, 2018

Hong Kong headquartered Stella International Holdings has announced unaudited revenue of approximately US$471.3 million (+4.2%) for the three months ending September 30, up from US$452.4 million a year earlier.

Read more...

JLR to close plant for two-weeks

United Kingdom
Published:  11 October, 2018

Jaguar Land Rover (JLR) is planning a two-week shutdown of its Solihull, UK, plant at the end of October. Britain's biggest carmaker blamed weakening global demand, especially in China, and has faced falling diesel sales in recent months. 

Read more...

Dr Robert Sykes, senior figure of British leather sector passes away

United Kingdom
Published:  11 October, 2018

Former head of the British Leather Confederation (BLC) and deeply involved in both the UK and global leather industries, Dr Robert Sykes passed away on October 5.

Read more...

Louis Vuitton continues to drive LVMH’s leather goods performance

Worldwide
Published:  10 October, 2018

French luxury conglomerate, LVMH Moët Hennessy Louis Vuitton, recorded a +10% increase in revenue, reaching €33.1 billion in the first nine months of 2018, with the Fashion & Leather Goods business group achieving organic revenue growth of +14%.

Read more...
Phil Townsend, M&S

M&S to outline its journey towards sourcing sustainable leather

United Kingdom
Published:  09 October, 2018

A raw materials specialist from the leading clothing, home and food retailer, Marks & Spencer will outline its journey towards sourcing more sustainable raw materials, with a focus on leather, during the next ‘Leather & Sustainability in Retail Conference 2018’ taking place in central London on November 15. 

Read more...

Audi expects challenging times ahead

Germany
Published:  09 October, 2018

The premium German carmaker has reported sales down -22% in September and says it expects the WLTP test cycle to affect deliveries in the coming months.

Read more...

Manolo Blahnik annual profits decline

Worldwide
Published:  08 October, 2018

The poorer sales performance of the high-end footwear label comes after the introduction of a men’s shoe range.

Read more...