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Tanneries in Punjab report 60% of order cancellations

Published: May 28, 2020

India’s nationwide lockdown due to the Covid-19 pandemic is reported to have left the leather industry in Jalandhar, Indian state of Punjab, in distress due to a disruption in the supply chain and the closure of the U.S. and European markets.

U.S. leather furniture manufacturer resumes operations

Published: May 22, 2020

The leather sofa specialist is said to have received the necessary government approvals and resumed operations on May 11.

VF Corp’s Q1 revenues expected to halve

Published: May 19, 2020

For the fiscal year ending March 28, 2020, the parent company of the Timberland brand posted revenue up 2% to US$10.5 billion, but revenue declined 11% for the fourth quarter to US$2.1 billion dollars, due to lower consumer demand amid lockdowns in several key markets worldwide.

Chanel increases price tag due to higher raw material costs

Published: May 15, 2020

The French luxury fashion label said it is increasing the price tags on its handbags and other leather accessories as a result of a rise in the cost of raw materials due to the Covid-19 pandemic.

India’s leather sector requests lockdown exit plan

Published: April 30, 2020

India’s leather sector has asked the government to formulate a lockdown exit plan as it forecasts a 50% decline in business over the coming weeks due to the coronavirus pandemic.

ITC Academy online courses available

Published: April 22, 2020

Dedicated to supporting the internationalisation of small and medium-sized enterprises (SMEs), the International Trade Centre has a series of online courses and downloadable resources for employees worldwide, including from the leather sector.

Argentina to monitor meat and hide prices

Published: April 7, 2020

The Argentinean government has created a programme to monitor the price of meat and hides in a move aimed at controlling “value distortions”.

Double-digit drop in sales for Volvo Cars

Published: April 3, 2020

The premium automotive manufacturer has attributed the sharp drop in sales in the first quarter of the year to the COVID-19 pandemic.

Tier 1 suppliers gradually halting operations

Published: March 23, 2020

After the announcement that some OEMs were temporarily suspending production due to the coronavirus, automotive seating and components suppliers such as Faurecia and Lear have also taken measures to halt some operations.

Chanel stops production

Published: March 20, 2020

Just like rival Hermès, which announced it was temporarily closing down its 42 production sites in France, the luxury French label has announced it is also stopping production due to the COVID-19 spread.