personal

Global personal luxury goods market reaches €288 billion in 2021

Published: June 23, 2022

According to the latest report from Bain & Company, the global personal luxury goods market reached €288 billion in value in 2021.

Stella’s business ethics hypocrisy

Published: February 28, 2022

In the January/February 2022 issue of ILM, Content Director Martin Ricker spoke on the issue of Stella McCartney’s hypocritical attacks on the leather industry.

Chinese consumer spending on luxury goods rises in 2021

Published: January 24, 2022

China’s luxury goods market finished 2021 with double-digit growth and sector expected to recover to pre-pandemic levels by 2023, according to analysis from Bain Consultancy.

Governments do not understand supply chains

Published: September 2, 2020

An industry colleague said to me the other day that there was “not much understanding of supply chains”. He thought government procurement of personal protective equipment during the early period of the pandemic had been astonishingly incompetent as country after country wasted millions, even billions, of dollars failing to obtain the correct supplies of personal protective equipment for medical staff and others facing the virus.

Let’s focus on the positives

Published: August 11, 2020

I know what you’re thinking – it seems strange to promote optimism in a situation that appears rather bleak. For most of us, the spread of the coronavirus pandemic has been pretty grim, both on a personal level, with our lives turned upside down and catapulted into what has become a new ‘normal’, as well as, perhaps more profoundly, on a business level, with international trade disrupted and entire economies brought to a standstill. With all that being said, I am a believer that in every situation there are always some positives to be found and that even now, as we are still very much in the midst of the Covid-19 outbreak, it is not all doom and gloom.

Leadership changes at Tapestry

Published: July 22, 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.

Changing Consumer Habits

Published: November 6, 2019

Increasingly, brands have started to accept and even work with the second-hand market. The jump from loud consumer complaints about Burberry burning old stock to offering some of those who sell second-hand items via their US partner The RealReal and a personal shopping session and tea is indicative of a big change of heart.

Bentley’s Mulliner SUV features hand-stitched leather

Published: March 3, 2017

Bentley’s in-house personal commissioning division, Mulliner, has applied its exquisite craftsmanship to the multi-award-winning Bentayga SUV, creating a new flagship model and setting high standards in automotive luxury.

Luxury consumers prefer experiential purchases to wearables

Published: January 10, 2017

A report has revealed that the personal luxury goods market was largely flat in 2016, declining from €251 billion in 2015 to €249 billion in 2016, revealing a “new normal” where consumers tend to favour personal experiences as opposed to physical product purchases, with the exception of the automotive market.

ICHSLTA President urges dialogue between tanners and traders

Published: July 7, 2015

In light of the current market trading conditions and the fall in raw materials prices, Nick Winters, President of the International Council of Hides, Skins and Leather Traders Associations provides ILM with his personal view of the current situation and issues with the honouring of contracts.