Leather goods
Declining footwear exports in India
According to the Council for Leather Exports (CLE), footwear exports reached 1 262.59 million US dollars in the period April-September, the first semester of the fiscal year in that country, showing a drop of 1.81% over the same period last year
Indonesia considers rising tax on leather exports
Several local media reported that the government may increase excise taxes on exports of unprocessed and semi-finished leather to restrict sales abroad. A serious matter given the local shortage of such raw material
Michael Kors with disappointing results
The New York-based luxury lifestyle brand announced results for the second quarter, ended on the 1st of October, strongly marked by a drop in revenue and net income, despite a very dynamic expansion of its retail stores
Coach maintains guidance
The New York-based design house of modern luxury accessories reported first quarter results for the period ended on the 1st of October. Stable sales marked the period
Tod's aims to focus on the digital side after sales' plunge
Luxury group Tod’s announced revenue of 757.7 million euros for the first nine months of 2016, a 3.7% drop from similar period last year
LVMH acquires stake in Rimowa
A major stake (80%) of the German premium luggage maker, known for its lightweight suitcases, was acquired by the French-based luxury house
Declining leather footwear exports in India
According to the Council for Leather Exports (CLE) leather footwear exports reached 2 147.2 million US dollars in the last fiscal year (April 15 -March 16), declining by 5.75% from the previous year
India focus on leather oriented courses
The India’s Council for Scientific and Industrial Research (CSIR) has announced a series of training courses dedicated to several areas of the leather industry
Positive start for Bangladesh's leather footwear exports in the new financial year
According to data released by the local leathergoods and footwear association, in the period July – August sales abroad of leather products have represented 110.7% of the target established for the period
Mixed results posted by Prada
The first half of the year was impacted by tough trading conditions, especially in the first quarter but an improvement has been seen in the following months
Flat revenues at Michael Kors
Strong results registered by the brand in revenue in North America allied to a consolidation of the global presence. A decline in the tourism flows and in traffic malls has offset the good results
Tanners in Pakistan demand action to deal with exports decline
The Pakistan Tanners’ Association (PTA) has requested an urgent meeting with the Government in order to discuss the decline of 26% in leather exports, as they believe urgent measures are required
Unchanged retail revenue at Burberry
The iconic UK-based fashion house has reported a 3% fall in sales and flat retail revenues of 423 million British pounds in the first quarter. Implementation of a plan to drive revenue growth and improve productivity is underway
Rufel launches limited edition bag
The Portuguese-based company, established in 1975, is specialised in manufacturing bags and accessories for men and women
Burberry with new leadership roles
Burberry has announced new leadership roles for its senior team as part of the ongoing business review targeting future growth opportunities in retail, product and digital-
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