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South Africa sees a rise in demand for upholstery leathers

Published: October 27, 2020

South African tanners have observed a higher demand for furniture since June as people spent more time at home due to lockdown measures.

Domestic demand helps boost Brazilian footwear sector

Published: October 2, 2020

After generating 1,140 new jobs in July, another 6,300 jobs were created in the Brazilian footwear sector in August.

Cartier’s prices for watches could increase 2%

Published: August 21, 2020

The French luxury label is to raise the prices of its products in Asia, starting September 1, it is claimed.

Wolverine Worldwide says Q2 results exceeded expectations

Published: August 14, 2020

Despite the unprecedented global market conditions and significant retail store closures due to the Covid-19 pandemic, the U.S. footwear manufacturer said its financial results for the second quarter ending June 27, 2020, significantly exceeded its expectations across every key financial metric.

Fatliquors and degreasers from Texapel

Published: August 11, 2020

Spanish leather chemical company Texapel has launched a number of new products to its comprehensive portfolio, including:

Kenyan apparel manufacturers close due to Covid

Published: August 10, 2020

More than 100 apparel manufacturers located in Nairobi, Mombasa, Kisumu and Machakos have temporarily stopped operations, it has been reported.

Faurecia forecasts return to profitability in second half

Published: July 28, 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.

Volvo forecasts strong recovery in second half of 2020

Published: July 22, 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.

Bangladesh leather goods sector call for more government support

Published: June 23, 2020

Stakeholders from Bangladesh’s leather goods sector claim that export-oriented industries should benefit from another emergency stimulus package, and call for duties in imported chemicals to be reduced to 20% from the current 27%.

Bentley to cut 1,000 jobs in the UK

Published: June 5, 2020

After Aston Martin, the luxury British marque could cut around 1,000 jobs in the UK, a quarter of its workforce, as it is impacted by declining sales due to the Covid-19 pandemic.