Leather
Coach with declining sales and net income
Sales of the American company decreased 7.1% in the fourth quarter and net income for the period fell two thirds. Results for the entire year are less severe, but sales and net income were still down (-5.3% and -24.5% respectively)
Bangladesh’s leather sector registers record exports
Official statistics released in Bangladesh show the industry’s exports with a growth rate of 29% in the last 12 months’ period, reaching 747 million US dollars
Kenya focused on reviving its leather industry
Industrialization Cabinet Secretary Adan Mohamed has named a task force to work on the recovery of the local leather industry
Nanotechnologies applied to footwear in European project
The joint European consortium is looking into materials, components and footwear with enhanced comfort properties based on nanotechnologies
Project Be Nature focus on developing sustainable products and materials
The project aiming to develop biodegradable leather with minor impact to the environment was a success, with the objectives completely met, and with the resulting materials and products already commercialized in the international markets
Portuguese company reinterprets the cultural inheritance of the country with its leather products
Ideal & Co, Living Heritage is a brand created in 2012 and 100% Portuguese, aiming to “reinterpret, preserve and share the beauty of what is genuine and Made in Portugal”
Portuguese brands innovate while getting inspired by tradition
Cultural roots are the inspirational starting point for footwear brands in Portugal. Lazuli, Pelcor, rutz and Green Boots are examples of this recent trend
Portuguese leather goods with booming exports
During the last 4 months sales abroad increased significantly. Two digits growth was registered across all regions
European Union imposes restrictions to chromium
Additional restrictions on hexavalent chromium (Cr VI) in leather items that come into direct and repeated contact with the skin should be in effect next year in the European Union (EU)
Hermès with strong sales and earnings growth
Hermès, the France based luxury goods group, announced revenue of 3 755 million euros in 2013, up 7.8% from 3 484 million euros in 2012. Operating income rose 8.9% and reached 1 218 million euros. Proposed dividend is 2.70 euros per share
Prada announces flat earnings
Italy based luxury group finished the financial year (ended January 31st, 2014) posting consolidated net revenue of 3 587 million euros, growing 8.8% from previous year; net profit totaled 628 million euros, broadly in line with the prior year’s performance
Ecco's CEO live on World Footwear
The Danish footwear manufacturer and retailer has posted an 8.0% increase in full-year profit, in a record set of results in 2013
Ferragamo announces 2013 results
Italy based luxury business Salvatore Ferragamo posted a 42.5% increase in its annual net profit, reaching 150.5 million euros in 2013.
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