Puma’s sales up 7.2% in third quarter

Worldwide
Published:  30 October, 2020

Sales for the global sportswear manufacturer increased 13.3% currency adjusted to €1,583 million, up 7.2% on a reported basis.

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Acquisition of JC Penney finalised

United States
Published:  30 October, 2020

Simon Property Group and Brookfield Asset Management are reported to have finalised the terms of their acquisition of the U.S. footwear retailer.

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Deckers Brands posts record second quarter

Worldwide
Published:  30 October, 2020

The California headquartered footwear and apparel manufacturer posted a 15% revenue increase in the second fiscal quarter ended September 30, 2020, to a record US$623.5 Million.

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Ralph Lauren’s net revenue down 30%

Worldwide
Published:  30 October, 2020

Net Revenue for the U.S. apparel brand decreased 30% in the second quarter of fiscal 2021, to US$1.2 billion on a reported basis and was down 31% in constant currency.

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Tapestry posts double-digit growth in China

Worldwide
Published:  30 October, 2020

The New York headquartered fashion Group, owner of the Coach, Kate Spade and Stuart Weitzman brands, said the results for its fiscal first quarter ended September 26, 2020, exceeded its expectations.

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Maserati MC20

FCA Q3 results boosted by North American demand

Worldwide
Published:  29 October, 2020

Demand for high-margin pickup trucks and Jeeps in the U.S. is said to have boosted Fiat Chrysler Automobile’s revenue in the third quarter of the year.

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DS Aero Sports Lounge concept car

Groupe PSA sells part of its stake in Faurecia

Worldwide
Published:  29 October, 2020

The French automotive manufacturer announced the successful completion of the sale of 9,663,000 Faurecia shares, representing approximately 7% of the share capital of Faurecia, via an institutional private placement by way of an accelerated bookbuilding.

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Brazilian Leather webinar to focus on automotive sector

Brazil
Published:  29 October, 2020

The third and last edition of a webinar series organised by Brazilian Leather will focus on automotive leather and sustainability. 

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What brands and retailers are looking for from their leather suppliers

Worldwide
Published:  29 October, 2020

The latest free-to-attend webinar organised by ILM in association with theSauerReport and sponsored by Oekotex will explore the key considerations major brands and retailers have around leather sourcing and how suppliers can meet these demands.

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U.S and Brazil sign new protocol on trade rules and transparency

Brazil/United States
Published:  28 October, 2020

Signed on October 19, the protocol updates the 2011 Agreement on Trade and Economic Cooperation (ATEC) with three new annexes comprising state-of-the-art provisions on Customs Administration and Trade Facilitation, Good Regulatory Practices, and Anticorruption.

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ASTM International signs MoU with ASD-STAN

Europe/United States
Published:  28 October, 2020

Global standards organisation ASTM International and European standards organisation ASD-STAN have signed a Memorandum of Understanding (MoU) to support a closer working relationship on Direct Remote Identification (also known as Remote ID) for UAS (drones).

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Tapestry names new CEO

United States
Published:  28 October, 2020

The New York headquartered fashion Group has appointed Joanne Crevoiserat as Chief Executive Officer, with immediate effect.

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China Fashion Week back on track

China
Published:  27 October, 2020

Held in a former industrial warehouse in Beijing, the nine-day event kicked off in Beijing on October 24, with maskless models walking on a square runway and guests reportedly oblivious to social distancing norms.

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Adidas could sell Reebok

United States
Published:  26 October, 2020

The global sportswear manufacturing Group is reportedly exploring the sale of its Reebok brand.

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Credit: Faurecia

Faurecia upgrades guidance for second half

Worldwide
Published:  26 October, 2020

The France headquartered automotive seating and components manufacturer said the third quarter results were better than expected.

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Lack of tourists weighs on Gucci’s third quarter results

Worldwide
Published:  23 October, 2020

French luxury conglomerate Kering has posted third quarter consolidated revenue of €3,717.7 million, down 4.3% as reported and 1.2% on a comparable basis.

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SAC appoints former Nike executive as Vice President Higg Index

Worldwide
Published:  23 October, 2020

The Sustainable Apparel Coalition (SAC) has announced the appointment former Nike executive, Jeremy Lardeau, as its new Vice President of Higg Index.

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Hermès returns to growth in third quarter

Worldwide
Published:  23 October, 2020

The French luxury Group said that, at comparable exchange rates, its Leather Goods and Saddlery business line improved strongly in the third quarter of the year, with an 8% growth as a result of the resumption of deliveries and sustained demand.

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Stella International’s revenue decline 23.3% in third quarter

Hong Kong
Published:  22 October, 2020

The Hong Kong manufacturer and retailer of footwear and leather goods products reported revenue down 23.3% for the third quarter ended September 30, 2020.

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Are we at a tipping point for hide prices?

Worldwide
Published:  22 October, 2020

This year has been one hell of a roller coaster for hide prices. We entered 2020 in a buoyant mood, with renewed optimism that followed two years of flat leather sales and decreasing cured and wet-blue prices. The thinking was that maybe a corner had been turned, writes theSauerReport Editor Ian Banks.

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VF Corp revenue down 18% in fiscal second quarter

Worldwide
Published:  21 October, 2020

The U.S. headquartered apparel and footwear Group posted revenue from continuing operations down 18% to US$2.6 billion for the second quarter of its fiscal year 2021.

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Credit: Marta Filipczyk

ILM launches twice weekly e-newsletter service

Worldwide
Published:  20 October, 2020

International Leather Maker (ILM) has launched its re-vamped e-newsletter which will be distributed twice weekly from October 20. The new look e-newsletter will be sent out each Tuesday and Thursday to industry professionals around the globe to keep them up-to-date with the latest industry news and information.

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Credit: Timothy I Brock

ILM Podcast: Vegan labelling, value of recycling and re-use, and leather post-Covid-19

Worldwide
Published:  20 October, 2020

Three new topics around vegan material labelling, the value of re-use and recycling of materials and how the leather industry marketplace may look post-Covid-19 are covered in the latest ILM podcast, which is now free-to-download and listen to.

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Tapestry’s net sales halve in fiscal fourth quarter

Worldwide
Published:  19 October, 2020

Net sales for the U.S. headquartered fashion Group totalled US$715 million for its fiscal fourth quarter, compared with US$1.51 billion in the prior year.

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Credit: Louis Vuitton

LVMH’s leather goods revenue up 12% in third quarter

Worldwide
Published:  19 October, 2020

Overall, revenue for the French luxury conglomerate declined 7% in the third quarter of the year, on an organic basis, but the LVMH Fashion and Leather Goods division marked a significant improvement.

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Ferragamo introduces online immersive shoe customisation

Worldwide
Published:  16 October, 2020

The Italian luxury brand’s made-to-order Tramezza programme offers a unique tailor-made shopping experience, with a choice of five classic styles of men’s shoes, ranging from a Derby to a Moccasin.

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Credit: Nathan Dunlao

Disappointment over SAC’s Higg Index response to leather industry letter

Worldwide
Published:  16 October, 2020

The leather industry has reacted with disappointment over the Sustainable Apparel Coalitions (SAC) response to its joint letter which called for the suspension of the score it applies to leather in its Higg Materials Sustainability Index (MSI).

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Credit: Lear

Lear targets zero emissions by 2050

Worldwide
Published:  16 October, 2020

The automotive seating and components manufacturer targets 2030 to convert to 100% renewable energy and cut carbon emissions by 50%, while heightening sustainability requirements for its suppliers.

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Fashion Pact outlines seven targets

Worldwide
Published:  15 October, 2020

One year since its launch by French President Emmanuel Macron, the Fashion Pact membership has doubled to over 60 signatories, covering multiple sectors and 14 countries. Together they represent over 200 brands and a third of the fashion industry.

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Kering opens new headquarters in Japan

Japan
Published:  15 October, 2020

The French luxury conglomerate has announced the opening of its new headquarters in Omotesando, Tokyo’s high fashion district, where its brands Gucci, Saint Laurent and Boucheron already have stores on the main avenue.

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A message from Inner Mongolia

China
Published:  15 October, 2020

Hidden away from the metropolis and untouched by the hustle of the fast pace of life, there is a land with the most desirable lambskins in the world - Inner Mongolia holds the key to unlocking the potential of Chinese domestic lambskins. It has more than 880,000 sq km of natural grassland for farming within the Inner Mongolia area, three times larger than the land mass of Great Britain.

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Over half of U.S. consumers ready to spend again

United States
Published:  14 October, 2020

New research suggests that more than half of U.S. consumers are ready to begin spending again in the last quarter of the year as retailers prepare for the holiday season. 

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Porsche Cayenne

Pandemic could cost top luxury brands US$35 billion

Worldwide
Published:  14 October, 2020

A report claims that the world’s top luxury and premium brands could lose up to US$35 billion of brand value cumulatively as a result of the Covid-19 pandemic.

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VF Corp announces organisational changes

United States
Published:  14 October, 2020

The leaders of VF’s three Core Brands, Timberland, Vans and The North Face, as well as its Emerging Brands now report directly to Steve Rendle, Chairman, President and CEO.

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ILM podcast on experiential values of leather to the modern consumer

Worldwide
Published:  13 October, 2020

The latest episode of the ILM “View from the top” podcast series is now available free to download and listen to here, as well as via Apple Podcast, Spotify and Deezer. 

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LHCA launches campaign to promote leather sustainability

United States
Published:  13 October, 2020

The Leather and Hide Council of America (LHCA) has unveiled the first in a series of videos as part of its new international campaign to promote the natural, sustainable and durable nature of leather. 

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Chinese smartphone maker to launch new series with leather

China
Published:  12 October, 2020

The new smartphones are reported to have a premium texture and feel, which have been described as “low-key luxury with substance”. 

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Young Leather Scientist Grant 2021 open for application submission

Worldwide
Published:  12 October, 2020

Supported by Erretre and Leather Naturally, application submissions for the 2021 Young Leather Scientist Grant (YLSG) programme of the International Union of Leather Technologists and Chemists Societies (IULTCS) has been extended until November 30, 2020. 

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Mango discloses Tier-1 suppliers list

Worldwide
Published:  09 October, 2020

By releasing on its website the list of Tier-1 factories that supply the Spanish fast fashion chain, Mango said its actions fulfil the requirements of the Transparency Pledge Standard.

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Italian fashion group obtains €50 million in bank loan

Italy
Published:  09 October, 2020

OTB, the parent company of fashion brands such as Diesel, Maison Margiela, Marni and Viktor & Rolf, is reported to have secured a €50 million loan for international expansion strategies.

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Credit: FDRA

FDRA assumes management of FFANY operations

United States
Published:  09 October, 2020

The Footwear Distributors and Retailers of America (FDRA) has taken over the management of the Fashion Footwear Association of New York (FFANY) operations. 

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Lamborghini Urus

Record September sales for Lamborghini

Worldwide
Published:  08 October, 2020

The luxury sportscar manufacturer said it has achieved a record commercial result in September, with 738 units delivered to customers, “its best September ever”.

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Credit: The Creative Exchange

Leather industry calls for Higg Index score suspension for leather

Worldwide
Published:  08 October, 2020

The global leather industry has sent a formal request to non-profit organisation Sustainable Apparel Coalition (SAC) to call for the suspension of the score it applies to leather in its Higg Materials Sustainability Index (MSI).

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Chanel could buy London flagship store

United Kingdom
Published:  07 October, 2020

The French luxury fashion label is allegedly in talks to buy its flagship London store from landlords for about US$402 million, 30% above asking price.

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Marfrig acquires Argentinian burger producer

Argentina
Published:  07 October, 2020

The Brazilian meat processor is to acquire Argentina's Campo del Tesoro for US$4.6 million.

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Mulberry's Small Iris in pale blue

Mulberry reports US$18.4 million loss

United Kingdom
Published:  06 October, 2020

The British high-end leather goods brand has reported a year to end-March loss of £14.2 million (US$18.4 million), before the Covid-19 crisis hit the market.

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Kering sells 5.9% stake in Puma

Worldwide
Published:  06 October, 2020

The French luxury conglomerate said it has completed the sale of a 5.9% stake in the German sportswear brand.

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Brazilian Leather webinar to focus on furniture industry

Brazil
Published:  06 October, 2020

Natuzzi, Furf Design Studio and Grupo Minuano will participate in the next episode of the Brazilian Leather Webinar Series to be broadcast live on October 15, at 11am BRT (2pm GMT). 

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Neiman Marcus emerges from Chapter 11

United States
Published:  05 October, 2020

The high-end department store chain announced on September 25 that it has emerged from voluntary Chapter 11 protection, hence, successfully completing its restructuring process and implementing the Plan of Reorganisation that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on September 4, 2020.

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Nordstrom New York

Nordstrom to ban fur and exotic leather products

United States
Published:  05 October, 2020

The U.S. luxury department store chain announced it will stop selling products  made using animal fur or exotic animal skin by the end of 2021.

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