Leather goods
Products within Bangladesh’s leather sector with different dynamics
Sales abroad of leather products between July 15 – March 16 have represented 1.5 times the target established for the period. Leather and leather footwear with opposite performances
Michael Kors with senior management promotions
Philippa Newman was promoted to President of the Accessories and Footwear business. Michele Chan promoted to President of Women’s Ready-to-Wear
Michael Kors acquires Greater China licensee
The acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China, is now confirmed. The deal reached 500 million US dollars in cash, still subject to adjustments
Brazilian leather exports increase
According to the Centre for the Brazilian Tanning Industry 15.946 million square meters of leather were exported in April, resulting in growth of 2.3%, in comparison to hides traded in April 2015
Bangladesh leather industry focus on training
The Skills for Employment Investment Program (SEIP) is being implemented for the leather sector. With this new deal the local entities are expecting to boost productivity
China leather industry expected to keep on track
Moderate growth in revenue and profits is expected for 2016 according to CLIA, the China Leather Industry Association, notwithstanding the uncertainty in overseas markets which poses various challenges for exports
Burberry posts disappointing sales
The luxury British-based brand reported a 1% decline in total revenue, reflecting negative growth in retail, wholesale and licensing. Such disappointing second-half sales let the company to warn on profit for the current fiscal year
Prada’s weak results
According to Bloomberg Prada has failed to meet its own earnings forecasts in 11 of the past 12 quarters. This was aggravated by profit margin shrinking from 27% in 2012 to 14% last year
French leather sector with 11% growth on exports
Exports across the French leather sector, taking all products into account, grew by 11% in 2015, generating a total of 9.3 billion euros
Ferragamo Group fights counterfeiting
The Italy-based group has announced thousands of actions carried out in 2015. A new microchip will start to be embedded in Ferragamo shoes and leather goods with an aim to make counterfeiting more difficult
Coach’s net sales up by 4%
The New York-based design house of modern luxury accessories and lifestyle brands announced its second quarter results
Tod’s consolidates sales
The Italy-based luxury goods group announced 3.1% growth in third quarter sales. For the nine months period sales increased by 5.1%
Hermès buys Tanneries du Puy
Hermès Cuir Précieux announced the acquisition of one of its historical leather partners and suppliers
Cavalinho invests half a million euros over the next two years
Company Jacinto Azevedo & Santos announced a new investment project to strengthen the internationalization process of its brand Cavalinho. The aim is to consolidate its presence in existing markets and to venture into new ones
Hermès consolidates growth in sales
The France-based luxury brand continues with good performance in revenue. The group confirmed its medium-term goal for 2015 with revenue growth at constant exchange rates of 8%.-
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