BMW launches its world-first eDrive Zones technology

United Kingdom
Published:  11 August, 2020

The German premium car manufacturer is the first to use GPS geo-fencing technology in designated areas of the English cities of London and Birmingham.

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JBS to hire 5,000 additional workers in Brazil

Brazil
Published:  11 August, 2020

The Brazilian meatpacker is to create 5,200 jobs across Brazil in cutting, slaughtering and deboning beef, poultry and pork, as well as vacancies at its leather division, JBS Couros.

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Credit: Porsche

ILM Automotive Leather Conference postponed to May 2021

Germany
Published:  10 August, 2020

In light of the continued health and safety implications due to the ongoing Coronavirus pandemic, ILM has taken the decision to postpone the Automotive Leather Supply Chain Conference once more. 

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Brazil’s Minerva to acquire Colombian slaughterhouse

South America
Published:  10 August, 2020

The Brazilian meatpacker has entered into an agreement to acquire a slaughter and deboning unit in Colombia.

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Credit: Adient

Adient expects progress in fourth-quarter results

Worldwide
Published:  07 August, 2020

The U.S. headquartered automotive seating and components manufacturer said its third-quarter results for fiscal 2020 “mirrored the overall industry”, with zero sales in April and a steady improvement into May and June.

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Capri Holdings Q1 revenues down 66.5%

Worldwide
Published:  06 August, 2020

The owner of the Jimmy Choo, Michael Kors and Versace brands posted a revenue decline of 66.5% for the first quarter of the Group’s fiscal year 2021.

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The new BMW M2 CS

BMW “cautiously optimistic” for second half of year

Worldwide
Published:  06 August, 2020

The German premium automotive manufacturer said it remains on course towards achieving its targets for the full year and all its manufacturing plants have resumed working in regular shifts since mid-June.

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Ralph Lauren’s net revenue down 66%

Worldwide
Published:  06 August, 2020

Patrice Louvet, President and CEO of the U.S. apparel brand, said the company’s financial performance in the first quarter of its fiscal year 2021 “reflects an unprecedented three months of Covid-19-related impact around the world”.

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Lear sales halve in second quarter

Worldwide
Published:  06 August, 2020

The automotive seating and components manufacturer said its second-quarter results were significantly impacted by the Covid-19 pandemic as global vehicle production declined 46% compared with the same period in 2019.

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Colomer 1792: Merging tradition with innovation

Spain
Published:  05 August, 2020

Drawing on over 200 years of history and experience in the tanning industry, Spanish sheepskin specialist Colomer 1792 is a global leader in its marketplace thanks to continued development and investment in R&D.

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330 exhibitors confirmed for Lineapelle - A New Point of View

Italy
Published:  05 August, 2020

The organisers said that 330 exhibitors coming from 15 countries have applied to participate in the event, which takes place September 22-23.

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Faurecia's Cockpit of the Future

Faurecia’s Seating sales decline 38% in first half

Worldwide
Published:  04 August, 2020

Global sales for the France headquartered automotive seating and components manufacturer declined 32.2% in the first half of 2020, totalling €6.17 billion against €8.97 billion in the same period of 2019.

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Burberry inaugurates digitally immersive retail experience

China
Published:  04 August, 2020

The British fashion brand has opened its first social retail store in China’s technology hub, Shenzhen, which seeks to blend both physical and social worlds in a digitally immersive retail experience.

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TFL releases Colour Trends Catalogue for Spring/Summer 2022

Germany
Published:  04 August, 2020

The specialty chemicals manufacturer has released its new TFL Colour Trends Catalogue for the Spring/Summer 2022 season in a new, easier to handle format.

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Tyson’s results negatively impacted by Covid-19

United States
Published:  04 August, 2020

Beef sales volume for the U.S. meat processor decreased in the third quarter and the first nine months of the company’s fiscal 2020 primarily due to lower production and a reduction in live cattle harvest capacity.

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Prada records net loss of €180 million

Worldwide
Published:  03 August, 2020

The Italian luxury fashion label said retail sales were significantly impacted by store closures in the first half of 2020 due to the Covid-19 pandemic.

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VF Corp revenue down 48% in first quarter

Worldwide
Published:  03 August, 2020

Revenue from continuing operations for the U.S. headquartered manufacturer of footwear and outdoor apparel decreased 48% to US$1.1 billion for the first quarter of the Group’s fiscal year 2021.

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Picture: Hermes

Hermes second quarter sales plummet

France
Published:  31 July, 2020

The luxury leather goods brand announced that sales fell by 42% in the second quarter as the Covid-19 crisis forced it to close stores and pause production. 

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Faurecia partners with BAIC China for seating business

France / China
Published:  30 July, 2020

The automotive tier-1 technology company, Faurecia has entered into a 50-50 joint venture with one of China’s largest automotive manufacturers, BAIC. 

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Picture: Gucci

Kering says outlook unclear as Covid-19 impacts sales

France
Published:  29 July, 2020

The French luxury group announced that second-quarter comparable sales plunged by 43.7% due to the Covid-19 pandemic, stressing it could not provide a forecast for the second half of the year, despite an encouraging recovery in Asia.

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Leather Naturally welcomes new members

Worldwide
Published:  29 July, 2020

Following the launch of the new membership fee model in June, nine new members have joined the Leather Naturally. 

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Sketchers shows early signs of recovery despite drop in second quarter sales

United States
Published:  29 July, 2020

The footwear brand announced its second quarter results, with a sales decline of 42% overall due to the impact of the Covid-19 pandemic. However, the company said it is optimistic about its ability to recover, mainly driven by growth in China, improvements in other key markets and a jump in e-commerce. 

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Picture: SLF

Sustainable Leather Forum announces speaker line-up

France
Published:  29 July, 2020

The French Leather Council, Conseil National du Cuir (CNC), organiser of the Sustainable Leather Forum, to be held September 14, 2020 at the French Economic, Social and Environmental Council in Paris, has announced the line-up of speakers and topics. 

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Picture: Louis Vuitton

LVMH profits slump amid continued pressures on the luxury market

France
Published:  28 July, 2020

The France headquartered luxury group said its profits were severely hit by Covid-19’s impact on Europe and the U.S. despite promising signs of recovery in China. However, despite a sales drop of 37%, the Group expressed confidence that it can ride out the economic storm thanks to its flagship brands Louis Vuitton and Dior, which have shown good resilience. 

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Messe Frankfurt France launches Trendbook

France
Published:  28 July, 2020

In the absence of a physical edition in September due to Covid-19, Messe Frankfurt France has launched a Trendbook outlining key consumer and fashion industry trends for the autumn/winter 2021-22 season. 

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Faurecia forecasts return to profitability in second half

France
Published:  28 July, 2020

The French automotive tier-1 announced it expects to return to profit and cash generation in the second half of the year, driven by cost control following a first-half operating loss due to the impact of the coronavirus pandemic. 

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Picture: Fairfax & Favor

Luxury footwear brand sales spike during lockdown

United Kingdom
Published:  24 July, 2020

British luxury footwear retailer Fairfax & Favor has reported a 300% rise in sales during the coronavirus lockdown. 

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Michael Bodsworth

SATRA appoints new executive director

United Kingdom
Published:  24 July, 2020

Michael Bodsworth - who initially worked at SATRA in the 1990s - has returned to the independent research and testing organisation as executive director, responsible for driving the company’s growth within the footwear sector. 

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Inspiramais launches digital event

Brazil
Published:  24 July, 2020

The materials trade show is launching a fully digital format in response to the ongoing pandemic. 

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ILM App with enhanced free-to-access features

Worldwide
Published:  23 July, 2020

International Leather Maker (ILM) has updated its App with a number of enhanced, free-to-access features.

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Mazda returns to full production

Japan
Published:  23 July, 2020

The Japanese car manufacturer has announced it will resume operations to normal or pre-pandemic levels starting from August. 

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American Leather parent appoints new Chief Revenue Officer

United States
Published:  23 July, 2020

Stefanie Lucas has joined upholstery specialist American Leather Holdings, parent company of American Leather, Lee Industries, Brookline Furniture and Bench Made Modern, as Chief Revenue Officer and will be overseeing revenue, marketing and merchandising for the group’s brands. 

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Leadership changes at Tapestry

United States
Published:  22 July, 2020

The luxury house of accessories and lifestyle brands has announced that with immediate effect Jide Zeitlin, Chairman and Chief Executive Officer, has resigned from the company and its board of directors for personal reasons. 

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Picture: Volvo

Volvo forecasts strong recovery in second half of 2020

Sweden
Published:  22 July, 2020

The Swedish car manufacturer posted an operating result of SEK-989 million (US$-111 million) over the first six months of 2020, as revenue fell by 14.1% to SEK111.8 billion (US$12.6 billion), due to the impact from the coronavirus pandemic and its effect on the global economy. However, the company said it expects business to recover in the second half of the year as car markets normalise. 

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Bentley's Crewe plant

Bentley increases production capacity on new Bentayga

United Kingdom
Published:  21 July, 2020

The British luxury car manufacturer said that production of the recently unveiled Bentayga has started at its carbon neutral factory located in Crewe, English county of Cheshire.

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Salvatore Ferragamo invests in Centric Product Lifecycle Management

Italy
Published:  21 July, 2020

The Italian luxury fashion label said its investment in Centric Product Lifecycle Management (PLM) follows its newly launched initiative called "Innovation and Tradition, Together".

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Leather Naturally relaunches website in English and German

Worldwide
Published:  21 July, 2020

The Leather Naturally initiative has revamped its website with a new tag line; ‘Global leather resource. Get the facts. Understand leather’.

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Groupe Renault sales fall 35% in first half

Worldwide
Published:  21 July, 2020

The French automotive Group, which suspended sales and industrial activities in most countries from mid-March, has reported a 34.9% drop in sales to 1,256,658 units in the first half of the year, in a market index allegedly down 28.3%.

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Job cuts loom at Burberry

United Kingdom
Published:  20 July, 2020

The British luxury brand is said to be in talks to eliminate 5% of its workforce internationally, the equivalent of 500 jobs, to offset the damage to its business caused by the pandemic and to pave the way for recovery. 

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Picture: Church Footwear

ILM webinar: Indian and UK perspective on a post-Covid-19 leather marketplace

Worldwide
Published:  20 July, 2020

Two industry experts from India and the UK will give overviews of their respective markets in the second instalment of the two-part webinar series titled ‘Preparing for a post-Covid-19 global leather marketplace’, organised by ILM in partnership with Brazilian hide and leather supplier JBS Couros and the National Wildlife Federation (NWF), which will be broadcast July 29, 2020 at 2pm UK time (3pm CET). To attend, please register here. 

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Richemont quarterly sales halve as luxury sector takes significant hit

Switzerland
Published:  17 July, 2020

The Swiss luxury leather goods, watch and jewellery maker has reported a sales drop of 47% to €1.99bn in the quarter to the end of June, stating the business had suffered “unprecedented levels of disruption”, despite most of its stores outside of the U.S. having reopened after post Covid-19 lockdowns. 

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Picture: Ferragamo

Ferragamo raises prices to compensate for Covid-19 impact

Italy
Published:  17 July, 2020

The Italian luxury goods company has reportedly raised its prices for a number of its products by 5 to 7% in order to offset a fall in revenues and profits resulting from a slump in demand during the coronavirus pandemic.

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Cargill sees 1% revenue rise for fiscal 2020

United States
Published:  17 July, 2020

Global commodities trader Cargill’s revenue for fiscal 2020, which ended on May 31, rose to US$114.6 billion, up 1% from the previous year.

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FCA and Groupe PSA create Stellantis

Worldwide
Published:  16 July, 2020

Fiat Chrysler Automobiles (FCA) and Groupe PSA have announced that the corporate name of the new group will be Stellantis. Meanwhile, Groupe PSA said it remains focussed on its ambition to provide clean, safe and affordable mobility solutions.

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Picture: Courovale

Have your say: ILM 2020 Tanner Business Confidence survey

Worldwide
Published:  16 July, 2020

International Leather Maker (ILM) is once again conducting its annual Tanner Business Confidence survey and is calling on all tanners from across the world to take part and to share the challenges, concerns and key issues that are affecting the industry, both pre-pandemic and as a consequence of the coronavirus crisis. 

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Brooks Brothers secures loan after filing for bankruptcy

United States
Published:  16 July, 2020

The privately-owned company and oldest clothing retailer in the U.S., which filed for Chapter 11 bankruptcy on July 8, is reported to have secured a zero-interest loan of US$80 million.

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Recruitment: Experienced footwear leather technicians

Youngil Leather Co. Ltd. for its South Vietnam tannery
Published:  13 July, 2020

Youngil, one of the largest split leather tanneries, is looking for experienced footwear leather technicians for its retanning and finishing departments to strengthen its team at its growing full grain operation at its South Vietnam tannery, which services some of the largest athletics and leather goods brands in the world. 

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Picture: Bonaudo / La Conceria

ILM webinar: Italian perspective on a post-Covid-19 leather marketplace

Worldwide
Published:  15 July, 2020

The second instalment of the two-part webinar series titled ‘Preparing for a post-Covid-19 global leather marketplace’, organised by ILM in partnership with global hide and leather supplier JBS Couros and the National Wildlife Federation (NWF), will be broadcast July 29, 2020 at 2pm UK time (3pm CET). To attend, please register here

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ACLE 2020 cancelled

China
Published:  15 July, 2020

The next edition of the All China Leather Exhibition (ACLE) is now scheduled to take place August 31 – September 2, 2021, at the Shanghai New International Expo Centre.

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Burberry’s sales decline 45% in first quarter

Worldwide
Published:  15 July, 2020

Comparable sales for the British luxury brand declined 45% in the first quarter, easing to -20% in June. Growth in Mainland China and Korea in June was allegedly ahead of pre Covid-19 levels, with sales of full-price leather goods up strongly in these regions.

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