Under the terms of the transaction, Jimmy Choo shareholders received 230 pence per share with a total transaction value of approximately 1.35 billion US dollars
According to the local Leathergoods and Footwear Association, the leather industry as a whole closed the first quarter achieving 99% of the exports target for the period. Leather footwear surpassed its target
The African country plans to remove the duty on raw leather imports. The local authorities aim to promote more addition of value in the local manufacturing process
One of the world’s leading luxury products group, LVMH Moët Hennessy Louis Vuitton recorded a 14% increase in revenue for the first nine months of 2017. Organic revenue grew by 12% compared to the similar period in 2016
Two sisters belonging to a 2nd generation of a family of leather goods manufacturers decided to honour their father giving his name to the brand they created. And then a new leather goods brand was born in Portugal
The New York-based design house of modern luxury accessories, closed the year with a 6% sales growth in the last quarter. Coach now expects revenue for fiscal 2018 to increase by 30%
With the acquisition of the iconic luxury accessories brand, Michael Kors expects to expand its leadership position in the global fashion luxury segment and strengthen future growth opportunities
The France-based luxury group announced consolidated revenue of 2.7 billion euros in the first six months of 2017, up by 11% at current exchange rates and by 10% at constant exchange rates. The group recorded solid increase in sales across all geographical areas
The UK-based fashion house has announced a 3% underlying retail revenue growth for the first three months of the fiscal year, compared with the same period last year
LVMH Moët Hennessy Louis Vuitton, one of the leading groups in luxury accessories is working to open a factory in the US, responding to added demand for its iconic products
The local authorities seem to be focusing on new policies to reinforce the leather goods and footwear manufacturers capacity and in that way boost exports
The Pakistan Tanners Association (PTA) has called for abolishing customs duty on imports of basic raw materials, believing it will bring down cost of production and boosting competitiveness