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Portuguese footwear and leather goods exports rebound

In the first ten months of 2021, Portugal exported 58 million pairs of shoes, worth €1.41 billion (US$1.6 billion), which reflects an increase of 9% on a comparable basis to the previous year.

Europe remains the main destination for Portuguese footwear exports. 


LVMH delivers record H1 performance

The French luxury conglomerate Moët Hennessy Louis Vuitton recorded revenue of €28.7 billion in the first half of 2021, up 56% compared to the same period in 2020. Organic revenue growth was 53% compared with 2020 and 11% compared with 2019. This performance reflects accelerated growth in the second quarter of 2021, which saw organic revenue increase by 14% compared to 8% in the first quarter.


ACLE underlines market weakness

The 20th edition of the All China Leather Exhibition drew to a close on September 1 and the three-day show reflects an underlying weakness in the Chinese and global market. 


ACLE reflects a decline in market conditions

The 19th edition of the All China Leather Exhibition (ACLE) opened on August 31 at the Shanghai New International Exhibition Center covering eight halls of the show ground. The event is co-organised by APLF Ltd and the China Leather Industry Association (CLIA) and this year’s fair reflects a difficult market situation for the domestic tanning industry. 


APLF reflects a mixed leather market

Most people that ILM have spoken to at the APLF this week feel that the show is slightly quieter compared with previous editions reflecting a subdued market in Asia and across many parts of the world. The reasons are varied and complex with reduced demand from China and Russia, high retail inventories following mild winters and the ongoing substitution of leather with non-leather materials all having an impact on the market.


Stahl announce new senior management team

Stahl, specialised in chemicals for leather products and performance coatings, announced on June 17 that it has renewed its Management Team, which reflects the expansion of its business. Due to the recent acquisition of Clariant’s Leather Services Business, Stahl now services the entire leather processing chain.