Credit: Chanel

Chanel revenue fell 18% during pandemic

France
Published:  17 June, 2021

The French luxury fashion house has released its full-year results for 2020, which demonstrated a resilient performance in the face of the Covid-19 pandemic despite an 18% fall in revenue compared with 2019. 

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Loss of respected UK leather industry professional

United Kingdom
Published:  17 June, 2021

The leather sector pays its respects to Roy Thomson, formerly Chief Executive of the Leather Conservation Centre and past President of the Society of Leather Technologists and Chemists, who passed away on June 14.

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LHCA announces 2021 Annual Meeting dates

United States
Published:  17 June, 2021

The Leather Hide Council of America (LHCA) will hold its Annual Meeting and Convention from October 13-15, 2021, in Chicago.

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What is regenerative agriculture?

Worldwide
Published:  16 June, 2021

Mike Redwood delves into the latest industry buzzword “regenerative” in his most recent Redwood comment piece published in the market leading July-August 2021 print and digital App edition of International Leather Maker (ILM), which is now available to download via the ILM App. 

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Loss for Andhra Pradesh Tanneries

India
Published:  16 June, 2021

Andhra Pradesh Tanneries has reported net loss of Rs0.03 crore (US$4,092.48) in the quarter ended March 2021 as against net loss of Rs0.04 crore (-US$5,456.64) during the previous quarter ended March 2020. There were no sales reported in the quarter and during the previous quarter.

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Credit: Ferrari

Fashion could represent 10% of Ferrari’s profitability in future

Itlay
Published:  16 June, 2021

The luxury sports car’s debut on the catwalk took place on June 13, which featured leather coats, jackets, bags, heels and sneakers. According to Nicola Boari, Chief Brand Diversification Officer of Ferrari, the fashion business could represent 10% of the company’s profitability within the next seven to ten years.

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Credit: Ecotan

Ecotan: Shift to bio-circular

Worldwide
Published:  15 June, 2021

ILM will be hosting on July 8 an exclusive free-to-attend webinar presented by Italy headquartered tannins producer, Silvateam. The online event will focus on the company’s innovative Ecotan solution for the production of sustainable leather. Registration to attend the webinar is now open. Click here to find out more and to register.

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Credit: Pawel Czerwinski

Top UK fast-fashion brands use virgin plastics

United Kingdom
Published:  14 June, 2021

A study looking into the use of plastics in the UK’s fast-fashion industry has found that 49% of the clothing from top brands such as Boohoo, PrettyLittleThing, Missguided and ASOS is made entirely using virgin plastics, reports Fashion United. The study was conducted by the Royal Society for the Arts (RSA), which analysed 10,000 items of clothing from across the four brands.

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Credit: Sergio Rossi

FFG acquire 100% of Sergio Rossi

China
Published:  11 June, 2021

Fosun Fashion Group (FFG), the global luxury fashion group based in China, has signed an agreement to acquire 100% of Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding. The acquisition will add to FFG's luxury brand portfolio, which currently includes Lanvin, Wolford, Caruso and St. John Knits. The transaction is subject to customary regulatory approval and is expected to close in Summer 2021.

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JBS pays US$11 million in ransom to hackers

United States
Published:  11 June, 2021

The world’s largest meatpacker was a target of an organised cybersecurity attack on May 30. JBS USA confirmed on June 9 it paid the equivalent of US$11 million in ransom in response to the criminal hack against its operations.

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Credit: Schuh

Genesco first quarter net sales increased 93%

United States
Published:  10 June, 2021

The U.S. headquartered retailer of branded footwear and accessories has reported its results for the first quarter of fiscal 2022, with net sales increasing 93% to US$539 million from US$279 million in the same period in fiscal 2021.

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Inditex sales grow 50% in first quarter

Spain
Published:  09 June, 2021

Spanish apparel group Inditex has released its first quarter results for 2021, showing sales growth of 50%, or €4.9 billion.

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Tamil Nadu leather industry members contribute to Covid relief fund

India
Published:  09 June, 2021

Conglomerate, Larsen and Toubro (L&T) has started supplying oxygen to a government hospital at Ponneri in Tiruvallur district in the southern state of Tamil Nadu. The company is in the process of commissioning five more plants for various government hospitals. Several industries have contributed financially to make this possible, including those within the local leather industry.

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Tyson Foods aims for net-zero GHG by 2050

United States
Published:  09 June, 2021

The U.S. meatpacker has announced its ambition to achieve net-zero greenhouse gas (GHG) emissions across its global operations and supply chain by 2050. This and the release of the company’s fiscal year 2020 Sustainability Progress Report underscores its commitment to combatting the growing climate crisis.

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Bangladesh's leather exports increase

Bangladesh
Published:  08 June, 2021

International demand amid economic recovery from Covid-19 has resulted in record growth for exports in May, with rebound for readymade garment (RMG) shipments and noteworthy increases in leather and leather goods exports.

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Credit: Leather UK

Leather UK releases responsible leather videos

United Kingdom
Published:  08 June, 2021

Leather UK, the trade association for the UK leather industry, has launched a series of six short videos addressing responsible leather production in the UK.

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Credit: Mike Cyr

ILM podcast: Leadership and innovation determine leather’s future success

Worldwide
Published:  04 June, 2021

The latest episode of the ILM “View from the top” podcast series covers three narrated articles written by Dr Mike Redwood. It is now available free-to-download and listen to here, as well as via Apple Podcast, Spotify and Deezer.

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Credit: Assomac Servizi

Simac Tanning Tech’s “Back to the Fair”

Italy
Published:  04 June, 2021

The international machinery and technological solutions for the tanning and manufacturing industry in fashion, automotive and furniture sectors, will take place in a physical format on September 22 – 24 in Rho Fiera Milano pavilion, together with Lineapelle, Micam and Mipel events.

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Create your virtual global presence in a few clicks

Worldwide
Published:  03 June, 2021

It may perhaps be willy-nilly, but finally the hide and leather industry is going digital. Changing a conservative industry represents a significant challenge and requires patience, but Hidexe has done its utmost to make this shift as easy, quick and inexpensive as possible for the benefit of all market participants. 

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Caleres exceeds first quarter 2019 earnings levels

United States
Published:  03 June, 2021

The U.S. headquartered footwear Group has reported financial results for the first quarter ended May 1, 2021, in which it exceeded first quarter 2019 earnings levels; drove sequential sales and operating earnings improvement; Famous Footwear achieved first quarter record sales and operating earnings; and it paid down an additional US$50 million of debt.

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Exclusive technical article on polishing aniline on ILM App

Worldwide
Published:  03 June, 2021

Written by ILM Consultant Technical Editor Karl Flowers, the article ‘Polishing Aniline’ is available to download for subscribers from the ILM App on Apple and Android devices.

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Lectra completes the acquisition of Gerber Technology

France
Published:  02 June, 2021

The French technological solutions provider has finalised the acquisition of all outstanding shares of Gerber Technology for €175 million plus five million newly issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder.

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Recruitment: Advisor (m/f/d) Regional Leather Value Chains promotion

Worldwide
Published:  02 June, 2021

As a federal enterprise, GIZ supports the German Government in achieving its objectives in the field of international cooperation for sustainable development. For our operations in Gaborone/Botswana, we are looking for an Advisor (m/f/d) Regional Leather Value Chains promotion. 

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Credit: Pexels

Durability is a key focus for shoe shoppers

United States
Published:  01 June, 2021

The Footwear Distributors & Retailers of America (FDRA) and retail and product testing company First Insight have completed an industry-wide consumer shoe sustainability survey. The survey results were polled from over 1,000 shoe consumers nationwide and are said to enable companies to better refine messaging, target consumers with green marketing and adjust sales, packaging and shipping strategies accordingly.

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Katherine Cousins

Wolverine Worldwide makes senior management appointments

United States
Published:  01 June, 2021

The U.S. headquartered footwear manufacturer has appointed Isabel Soriano as President of International and Katherine Cousins as Global Brand President of Sperry.

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Credit: Guess

Guess sees 100% increase year-on-year

United States
Published:  28 May, 2021

The U.S clothing brand and retailer has released its first quarter results for fiscal 2022, reporting a 100% increase compared to the first quarter of 2021, a 3% decrease from the same period in 2020.

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Credit: Jimmy Choo

Capri fourth quarter revenue and earnings exceed expectation

Worldwide
Published:  28 May, 2021

The parent company of luxury brands such as Versace, Michael Kors and Jimmy Choo has reported total a revenue of US$1.2 billion for the fourth quarter of fiscal 2021, approximately flat compared to fiscal 2020.

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Natuzzi appoints new CEO

Italy
Published:  28 May, 2021

The Italian premium leather furniture maker has appointed Antonio Achille as CEO. The appointment coincides with the release of the company’s latest sales figures, which exceeded both 2020 and pre-pandemic results in the first quarter of 2021, as reported in full by ILM.

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Furla opens new production plant in Tuscany

Italy
Published:  27 May, 2021

The family-owned Italian leather goods label has opened a new €30 million industrial complex, Progetto Italia, in Tuscany, Italy.

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Credit: Karl Flowers

ILM podcast: Advances in leather biodegradability and tanning technology

Published:  25 May, 2021

The latest episode of the ILM “View from the top” podcast series features two narrated articles written by ILM Consultant Technical Editor Karl Flowers. It is now available free-to-download and listen to here, as well as via Apple Podcast, Spotify and Deezer.

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Natuzzi exceeds both 2020 and pre-pandemic results in Q1 2021

Italy
Published:  24 May, 2021

The Italian premium leather furniture maker has released its first quarter 2021 results, reporting a 23.1% increase in sales owing to a robust order backlog. Positive momentum has continued on written orders for the first 18 weeks, improving on key business performance compared with both 2020 and the pre-pandemic results of 2019.

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Richemont announces strong financial year 2021

Switzerland
Published:  24 May, 2021

The Swiss luxury group, which owns brands such as Cartier, IWC, Piaget and Jaeger-LeCoultre, has announced its fiscal year results ending March 31, 2021, with a strong performance led by Jewellery Maisons, online retail and Asia Pacific.

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Credit: Kering

Environmental Profit & Loss and best practice

Worldwide
Published:  24 May, 2021

Yoann Regent, Biodiversity and Animal Welfare Specialist at global luxury group Kering, is the final presenter in the upcoming free-to-attend ILM webinar ‘How the leather industry can use science and data to improve its image’, organised by ILM in association with theSauerReport and sponsored by JBS Couros. The webinar will be broadcast on May 27, 2021 at 2pm UK time (3pm CET). Click here to sign up, subject to approved registration.

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VF reports fourth quarter and full year 2021 results

United States
Published:  21 May, 2021

The corporation which owns footwear brands such as Timberland and Vans, has released fourth quarter and full year fiscal 2021 results. In the fourth quarter, revenue increased 23% to US$2.6 billion and full year revenue decreased 12% to US$9.2 billion.

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Deckers Brands reports positive 2021 financial results

United States
Published:  21 May, 2021

The California headquartered footwear and apparel manufacturer has announced financial results for the fourth fiscal quarter and fiscal year ended March 31, 2021. In the fourth quarter, net sales increased 49.7% to US$561.2 million compared to US$374.9 million for the same period in 2020 and gross margin was 53.2% compared to 51.5% for the same period in 2020. Across the full financial year 2021, net sales increased 19.4% to US$2.546 billion compared to US$2.133 billion for 2020 and gross margin was 54% compared to 51.8% for 2020.

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Genesco releases 2021 financial summary and Q4 results

United States
Published:  20 May, 2021

The U.S. headquartered retailer of branded footwear and accessories has reported fiscal year net sales decreased 19% from 2020 to US$1.8 billion with stores open 76% of the time. This was generated in part by strong e-commerce growth of 74%. In its fourth quarter, net sales decreased 6% from the same period in 2020 to US$637 million with stores open about 90% of the time.

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Authenticae launches leather biodegradability survey

United Kingdom
Published:  20 May, 2021

Sustainable leather consultancy Authenticae has launched a survey to understand the appetite for sustainability within the leather supply chain. They are conducting research on biodegradability and how interested companies and organisations are in testing for it.

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Cloud-based global eco-system for trading leather

Worldwide
Published:  20 May, 2021

Hidexe is a global hide exchange with many integrated SaaS productivity tools and digital resources.  It makes procurement simple and executable with a few clicks.  The information flow is digital, real-time, multi-party, accessible from anywhere, and open to all industry participants regardless of their size.

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Credit: PrimeAsia China

Exclusive technical article on energy efficiency in tanneries on ILM App

Worldwide
Published:  18 May, 2021

Written by ILM Consultant Technical Editor Karl Flowers, the article ‘Energy efficiency’ is available to download for subscribers from the ILM App on Apple and Android devices.

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Mazda net sales down 16% in 2021

Japan
Published:  17 May, 2021

The Japanese car manufacturer has announced results for the fiscal year 2021, including decreased net sales and operating income. Net sales were ¥2.9 trillion (US$20 billion), down 16% year-on-year and operating sales were ¥8,82 billion (US$80 million).

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Credit: JBS Couros

Key lessons from a lifecycle assessment of leather

Worldwide
Published:  17 May, 2021

Kim Sena, Sustainability Manager, JBS Couros, is among the high-calibre presenters in the upcoming free-to-attend ILM webinar ‘How the leather industry can use science and data to improve its image’, organised by ILM in association with theSauerReport and sponsored by JBS Couros. The webinar will be broadcast on May 27, 2021 at 2pm UK time (3pm CET). Click here to sign up, subject to approved registration. 

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24.8% increase in net sales for Asics in first quarter

Japan
Published:  17 May, 2021

Japan headquartered sportswear corporation Asics has reported increased net sales and gross profit, attributed predominantly to e-commerce sales and sales in major regions.

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Credit: Burberry

Year-end preliminary results for Burberry look promising

United Kingdom
Published:  13 May, 2021

The luxury British fashion house has released its preliminary results for the year ended March 27, 2021, which showcases accelerated recovery and full-year sales growth of 32% in the final quarter of 2021.

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Ferragamo releases first quarter results

Italy
Published:  12 May, 2021

The Italian fashion house has released its interim reports as of March 31, 2021, showing a 10.3% revenue increase, an operating profit of €7 million and confirming the Asia Pacific region as the group’s top revenue market.

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Credit: Karolina Grabowska

ILM podcast: Livestock, leather and why the industry needs to find its voice

Worldwide
Published:  12 May, 2021

The latest episode of the ILM “View from the top” podcast series features three narrated articles written by Dr Mike Redwood. It is now available free-to-download and listen to here, as well as via Apple Podcast, Spotify and Deezer.

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9th Freiberg Leather Days go entirely virtual

Germany
Published:  12 May, 2021

FILK, the organisers of Freiberg Leather Days, which aim to facilitate an exchange of information and experience among experts from the tanning and leather industry, has announced that its 9th annual event will no longer be a hybrid one but virtual-only, taking place from June 9-10, 2021, due to government Covid restrictions in Germany. 

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Tyson Foods reports strong second quarter results

United States
Published:  11 May, 2021

The U.S. meatpacker has reported a GAAP earnings per share (EPS) of US$2.58 for the second quarter of its fiscal 2021, up 7% year-on-year.

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Adidas launches Reebok auction

Germany
Published:  11 May, 2021

The German sportswear brand has begun the sale of its Reebok brand in an auction, news agency Reuters has reported. Three sources told the agency that the auction risks being affected by a political disagreement over possible forced labour in China’s western Xinjiang region.

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Strong first quarter for Volkswagen Group

Europe
Published:  11 May, 2021

Despite the Covid-19 restrictions, Volkswagen Group has reported a strong financial performance with significant improvements over the weaker prior-year period that was impacted by the pandemic. Some key figures came in above pre-crisis levels from the first quarter of 2019.

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Adient reports solid second quarter

United States
Published:  10 May, 2021

The U.S. automotive seating company has reported a net income of US$69 million, with cash and cash equivalents valued at US$984 million.

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