The Leather Working Group (LWG) and Textile Exchange have joined forces to launch a call to action for brands and retailers to “commit to sourcing all their leather from verified deforestation-free supply chains by 2030 or earlier”.
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Textile Exchange has announced changes in its senior management team, including the appointment of a new CEO.
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A Chinese trading company has made a pilot transaction purchase of wet-blue via the Belarusian Universal Commodity Exchange (BUCE).
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Textile Exchange has announced the adoption of an official definition for “leather” as a material created from the hide or skin of an animal.
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Hermès has reported its financial results for the third quarter of 2022 financial year, achieving sales up 32.5% to €3.14 billion.
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Italian luxury company Tod’s will reportedly go private and be delisted from the Borsa Italiana after 22 years on the stock exchange.
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Alibaba Group Holding has reported that it will work with U.S. regulators to maintain its New York listing after a warning from the Securities Exchange Commission (SEC).
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The Aeffe Group has achieved €176.5 million revenue in the first half of 2022, compared with €155 million in 2021 (13.9% at current exchange rates). Revenue grew in all geographical areas with the exception of the Far East and in particular in the retail channel, the group recorded a strong acceleration in particular in the U.S..
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Swiss luxury group Richemont has posted its first quarter results, with growth weakened by Covid-affected China results.
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The French luxury group announced on April 15 that revenues at constant exchange rates came in at €2.8 billion (US$3.06 billion) in the three months to March, up 27% at constant exchange rates, beating consensus estimates, which had forecast 15% organic growth.
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