Leather goods
Hermès: revenue dives by 41% in the second quarter
At the end of June, revenue for the semester was down by 24% at current exchange rates. In the second quarter revenue was down by 41%, as Hermès took the hit of the COVID-19 pandemic
Kering with double-digit drop in revenue
The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering named this the toughest period they ever faced
More changes at Mulberry are underway
Last month, Mulberry announced plans to cut a quarter of its global workforce. Now, the British brand specialized in luxury handbags, should be about to close the offices in Paris and Hong Kong
The Covid Storm: From Difficulties to Relaunch
Expo Riva Schuh and Gardabags is kicking off with the first talk in the #PLAYfashion series, the latest digital initiative aimed at strengthening the relationship between the exhibition and its community
Bangladesh’s leather exports down by 22%
Total exports of the leather industry in Bangladesh in fiscal year 2019-20 declined by more than 20%, with drops across all categories. Exception made by exports of other footwear (non-leather)
Leather industry in Pakistan asks for double shifts
The Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) has urged the government to exempt export-oriented units in Punjab from lockdown restrictions on Saturdays besides allowing them to work in double shifts
ILM: September edition confirmed
Germany-held leather goods trade fair will take place, as initially scheduled, from the 5th to the 7th of September in Offenbach
Pakistan's footwear exports up by 4.29%
Footwear exports of the Asian country increased by 4.29% during the first eleven months of current financial year (2019-20) as compared to the corresponding period of last year
50% of luxury firms may be at risk
Daniel Langer, Chief Executive of Luxury, Lifestyle and Consumer Brand Strategy from firm Équité, believes half of the luxury brands around the world will fail to survive the COVID-19 crisis
Expo Riva Schuh & Gardabags: winter edition brought forward to December 2020
Riva del Garda Fierecongressi has established the new dates for the next edition of Expo Riva Schuh and Gardabags: 11th-14th December 2020, wishing to give a positive impulse towards a return to commercial exchange at international level
Italy: Council of Ministers approves decree protecting the term leather
The new law not only establishes a more correct terminology: it also establishes a ban on the use of the terms pelle/cuoio (leather) to identify materials which do not have an animal origin
It’s impossible to do good external promotion without going to trade shows
Orlando Soares from Portuguese-based Malas Peixoto Soares, a leather goods company with 70% of the production destined to exports, talks about the role played by external promotion in the growth of the company
Mexico: 80% of footwear companies lost more than 51% revenue
As footwear is not considered an essential sector, the industry is living with the suspension of activities and facing cancellations of purchase orders, liquidity issues and reduction in demand
Tod's with 29.4% drop in sales
The Italian-based luxury group had a strong start of the year, until the outbreak of the pandemic. Group sales totaled 152.8 million euros in quarter one, down by 29.4% in the first quarter of 2019
Picard calls for creditors’ protection
The Germany-based leather goods label has moved to ask for creditors' protection. The company took the hit of the Covid-19 crisis as most of the retail locations with their products are now closed-
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