Credit: Piquadro

Piquadro brands show positive H1 results

Italy
Published:  02 December, 2021

Consolidated revenue for the Italian luxury leather goods brand in the first half of the financial year ending September 30, 2021, was €63.7 million (US$72.3 million), an increase of 31.2% on the previous year (Covid affected).

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Credit: Allen Edmonds

Third quarter recovery continues for Caleres

United States
Published:  02 December, 2021

Net sales were up 21.1% to US$784.2 million year-on-year for the North American headquartered footwear company, which has reported its third quarter financial results.

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How the LWG is driving improvement across the leather supply chain

Published:  01 December, 2021

At the upcoming ILM Automotive Leather Supply Chain digital forum on December 16, the Leather Working Group (LWG) will detail its efforts to drive sustainable change in the leather industry with a focus on the automotive industry.

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Simac Tanning Tech confirms 2022 dates

Italy
Published:  30 November, 2021

The organisers of Italy’s leather goods, footwear, and tannery machinery show Simac Tanning Tech have announced dates for the 2022 show.

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Credit: Natuzzi

Natuzzi grows gross margin in Q3

Italy
Published:  30 November, 2021

The Italian premium leather furniture maker and tanner reported a gross margin of 36% in the third quarter of the 2021 financial year, up from 32.5% in the same period in 2020 and 28.7% in 2019.

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Credit: Mulberry

Mulberry interim results show strong recovery

United Kingdom
Published:  30 November, 2021

The British luxury leather goods brand has released its half-year results ending September 25, 2021 and has seen revenues increase significantly. 

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Strike threatens beef supply at Cargill plant

Canada
Published:  29 November, 2021

Meatpacker and hide processor, Cargill issued a lockout notice to workers at one of Canada’s largest meat-packing plants on November 25, a day after union workers at the High River facility voted overwhelmingly against the company’s latest contract offer, putting them in a position to strike as early as December 6.

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Off-White’s Virgil Abloh dies age 41

United States
Published:  29 November, 2021

Virgil Abloh, LVMH’s star designer and the most high-profile Black figure in luxury fashion, died on November 28 at age 41 after battling cancer for several years.

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Metcha releases leather trend report

Worldwide
Published:  26 November, 2021

Pro-leather marketing campaign Metcha, launched by Leather Naturally, has released a trend report, comprising an analysis of behavioural movements the Metcha team has been identifying over the last few months.

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FILK compares leather to alternatives at ILM auto forum

Worldwide
Published:  26 November, 2021

Dr Michael Meyer of Germany based research institute FILK will take the stand at the upcoming ILM automotive leather forum to provide an in-depth look at the organisation’s scientific comparison of leather against alternative materials.

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Fashion police ban leather coats in North Korea

North Korea
Published:  26 November, 2021

Authorities in North Korea are preventing citizens from wearing leather trench coats, claiming that it is disrespectful to emulate the fashion choices of leader Kim Jong Un.

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Credit: Geox

Improved Geox results for 2021 so far

Italy
Published:  25 November, 2021

The Italian footwear and apparel manufacturer has reported its financial results for the first nine months of 2021, showing sales revenue of €463.5 million (US$520 million), +8.9% at constant exchange rates.

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Credit: LVMH

LVMH to recruit 8,000 artisans in 2022

Worldwide
Published:  25 November, 2021

At its series of “SHOW ME” events, LVMH has marked its commitment to its vocational training efforts with a target of 8,000 new recruits in 2022 under the Métiers d’Excellence program and 30,000 by the end of 2024.

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World Footwear survey concludes industry is optimistic

Published:  25 November, 2021

The most recent edition of the World Footwear Business Conditions Survey, conducted during the month of October, has assessed an “uplifting picture of recovery in the first semester of 2021”.

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Credit: Marvin Meyer

Key industry mega-trends affecting auto leather with Frost & Sullivan

Worldwide
Published:  24 November, 2021

At the upcoming ILM Automotive Leather Supply Chain Digital Forum, Giacomo Rossi of Frost & Sullivan will provide an overview of the key sustainability trends impacting leather in the automotive industry today.

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Credit: Marriott

VDMA Industry Meeting cancelled for 2021

Germany
Published:  23 November, 2021

The German Mechanical Engineering Industry Association (VDMA) has announced the cancellation of its Textile Care, Fabric and Leather Technologies Industry Meeting on December 9-10.

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Credit: NCI

SGS joins SLF as Contributing Partner

Worldwide
Published:  23 November, 2021

The testing, inspection and certification company has joined the Sustainable Leather Foundation (SLF) as a Contributing Partner.

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Credit: Ford

EU new passenger car registrations drop by 30% in October

Europe
Published:  23 November, 2021

In October 2021, new passenger car registrations in the European Union (EU) fell for the fourth consecutive month by 30.3% with 665,001 units sold, according to the latest Economic and Market Report from the European Automobile Manufacturers’ Association (ACEA).

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Credit: Osklen

Alpargatas to sell 60% stake in Osklen

Published:  22 November, 2021

The Brazilian producer of footwear, apparel and sporting goods has received an offer of R$400 million (US$71.3 million) for its 60% majority share of Osklen.

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Credit: Patrik Carlberg

WWF implores leather sector to drive change at ILM auto forum

Worldwide
Published:  22 November, 2021

On December 16, World Wildlife Fund’s (WWF) Mauricio Bauer will speak to members of the automotive leather industry about the importance of standing up to spread the message of sustainability to the rest of the supply chain.

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Minister impressed by Zambezi Tanners tour

Zimbabwe
Published:  18 November, 2021

The Minister of Bulawayo Provincial Affairs and Devolution, Judith Ncube was reportedly impressed when she visited the Zambezi Tanners’ factory in Bulawayo.

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Credit: Stahl

Automotive leather chemicals from renewable carbon feedstocks

Published:  17 November, 2021

Global leather chemicals manufacturer Stahl will be presenting at the upcoming ILM Automotive Leather Supply Chain Digital Forum on December 16.

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Pictured: The new Testex website

Testex updates branding for 175th anniversary

Published:  17 November, 2021

The independent Switzerland headquartered testing and certification organisation celebrated its 175th anniversary this year, and has updated its website and logo to mark the occasion.

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Credit: Bottega Veneta

Matthieu Blazy appointed Creative Director of Bottega Veneta

Italy
Published:  16 November, 2021

Kering has appointed Matthieu Blazy as Creative Director of Bottega Veneta, following the departure of Daniel Lee last week, who had been at the helm since 2018.

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Credit: Adidas

Adidas sees growth against odds in Q3

Worldwide
Published:  16 November, 2021

The sportswear brand has reported its third quarter results, with currency-neutral revenues growing by 3% despite external factors hampering demand and supply, the company said.

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Credit: Bailey Alexander

Tyson Foods reports Q4 and full 2021 results

United States
Published:  16 November, 2021

The U.S.-headquartered meatpacker and hide processor has reported its fourth quarter and full 2021 fiscal year results, with adjusted operating income of US$4.3 billion for the full year, up 42% from 2020.

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Credit: Fossil

Fossil net sales increase 13% in third quarter

Worldwide
Published:  16 November, 2021

Worldwide net sales increased 13% for the American watch and accessories brand to US$492 million, with growth of 10% in the Americas, 21% in Europe and 5% in Asia against the same period in the previous financial year.

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Podcast: Taking action on sustainability

Worldwide
Published:  15 November, 2021

In the latest episode of View from the Top, the official ILM podcast, Deputy Editor Tom Hogarth is joined by sustainability and ESG consultant Alexandra Pelka to discuss how we can push forward the efforts in the leather industry and communicate them to key stakeholders.

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Credit: Kate Spade

Revenue up 26% for Tapestry in Q1 2022

United States
Published:  15 November, 2021

The New York based luxury fashion group increased revenue by 26% in the first quarter of the 2022 financial year, a 9% rise on pre-pandemic levels.

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LWG launches leather lifecycle assessment study

Worldwide
Published:  12 November, 2021

The Leather Working Group (LWG) has announced what is reportedly the largest lifecycle assessment (LCA) for the leather industry to investigate the environmental impact of leather made in LWG-certified facilities.

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ILM automotive leather digital forum returns

Published:  12 November, 2021

Following on from a successful event last year, ILM will once again be hosting a Digital Automotive Leather Supply Chain Forum on December 16, 2021.

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JBS revenue jumps 32% amid labour shortages

Published:  12 November, 2021

Brazilian meatpacking and leather processing giant JBS SA exceeded expectations with net revenue growth of 32% in the third quarter of the financial year to R$92.62 billion (US$17.1 billion).

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Credit: Tod's

Tod’s sales rise 15% in Q3

Italy
Published:  12 November, 2021

The Italian luxury group has released its third quarter 2021 financial results, showing sales growth of 15%, and 40% for the year so far.

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Credit: Bottega Veneta

Daniel Lee leaves Bottega Veneta

Italy
Published:  12 November, 2021

The Kering-owned luxury fashion label has announced the joint decision to end its collaboration with English designer Daniel Lee.

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Yue Yuen grows revenue by 5.8% amid labour shortages

Asia
Published:  11 November, 2021

The sporting goods distribution and retail group has reported its results for first nine months of 2021 with revenue increasing 5.8% year-on-year to US$6.4 billion.

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Credit: Adient

Adient releases fourth quarter results

Worldwide
Published:  11 November, 2021

The automotive seating and interior Tier-1 has released its fourth quarter 2021 results, with EBITDA of US$118 million, down from US$169 million in the previous year.

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Credit: Stella McCartney

Cotance hits back at Stella McCartney leather comments

Europe
Published:  11 November, 2021

The Confederation of National Associations of Tanners and Dressers of the European Community (Cotance) has released a statement in response to Stella McCartney’s anti-leather efforts at the ongoing COP26 summit in Scotland.

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Credit: Aaron Burden

Certification for Stahl LCA systems

The Netherlands
Published:  11 November, 2021

The global leather chemicals manufacturer has achieved certification of its lifecycle assessment (LCA) data generation systems, a step towards its target of having LCA data for all strategic products by the end of 2023.

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ACLE postponed to 2022

China
Published:  10 November, 2021

Organisers of the All China Leather Exhibition (ACLE) have announced that the 2021 show will be cancelled from its original dates of November 23-25, 2021 and rescheduled to August 31 – September 2, 2022, its usual dates.

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It’s time for the industry to adopt more efficient digital tools

Worldwide
Published:  10 November, 2021

In a time when leather is behind the curve on adapting to the digital world, Hidexe is providing a cloud-based solution that will not only improve the procurement efficiency of the entire industry, but also introduce a new capable solution that will allow full and instant traceability.

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Credit: Clarks

Clarks CEO exits after nine months

United Kingdom
Published:  09 November, 2021

Victor Herrero, CEO of British footwear retailer Clarks, has stepped down from his role after just nine months.

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Credit: Mona Siswanto

Chanel hikes handbag prices again

Worldwide
Published:  08 November, 2021

France headquartered luxury brand Chanel has announced that it has raised its prices again, the third price increase since the start of the pandemic with latest hike reported to be as much as 15.5%. 

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Athena operations help Minerva’s Q3 results

Brazil
Published:  08 November, 2021

Minerva Foods, one of the largest exporters of beef in South America, reported net income of R$72.4 million (US$13.4 million) for the third quarter, up 24% from the same period last year. This was driven by the performance of Athena Foods’ operations, which compensated the recent suspension of exports of the protein from Brazil to China, the company said on November 4.

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Viva China acquires Testoni footwear brand

China
Published:  05 November, 2021

Viva China, a venture company controlled by Chinese Olympic gold medalist Li Ning and the largest shareholder of his namesake sportswear brand, is to acquire the loss-making Italian shoemaker Amedeo Testoni for HK$81.57 million (US$10.48 million).

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Credit: Levi's

Levi’s launches sustainable leather boot

Worldwide
Published:  04 November, 2021

The global fashion brand has announced the launch of a sustainable boot using leather from Leather Working Group audited tanneries.

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Credit: Hugo Boss

Strong recovery for Hugo Boss in Q3

Worldwide
Published:  04 November, 2021

The Germany-headquartered fashion house saw currency-adjusted sales growth of 40% to €755 million (US$871.5 million), 7% up on 2019 results.

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Credit: Steve Madden

Steve Madden achieves record third quarter

Worldwide
Published:  04 November, 2021

The high-end footwear brand saw its best ever quarterly sales with revenues of US$528.7 million in the third quarter of 2021, an increase of 52.4% year-on-year.

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Credit: Jimmy Choo

Capri Holdings reports Q2 results

Worldwide
Published:  04 November, 2021

The fashion group, which owns luxury brands such as Versace, Michael Kors and Jimmy Choo, has reported its second quarter financial results.

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Credit: Volvo

Volvo sales drop 22.2% in October

Worldwide
Published:  04 November, 2021

The car manufacturer sold 50,815 globally in October, a drop of 22.2% year-on-year, which the company puts down to ongoing supply chain issues in the automotive sector.

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Source: CPM

Euro Shoes and CPM to be held together in Moscow

Russia
Published:  03 November, 2021

The two fashion events have joined together to take place from February 21-24, 2022 at Expocentre Fairgrounds in Moscow, Russia.

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