by moosa.nayeem | Aug 7, 2020 | Leather, News & Insights
The German premium automotive manufacturer said it remains on course towards achieving its targets for the full year and all its manufacturing plants have resumed working in regular shifts since mid-June. During the first half of 2020, the BMW Group delivered 962,575...
by moosa.nayeem | Aug 7, 2020 | Leather, News & Insights
The automotive seating and components manufacturer said its second-quarter results were significantly impacted by the Covid-19 pandemic as global vehicle production declined 46% compared with the same period in 2019. Lear posted second-quarter 2020 sales of US$2.4...
by moosa.nayeem | Aug 6, 2020 | Leather, News & Insights
Global sales for the France headquartered automotive seating and components manufacturer declined 32.2% in the first half of 2020, totalling €6.17 billion against €8.97 billion in the same period of 2019. According to Faurecia, most regions significantly outperformed...
by moosa.nayeem | Aug 4, 2020 | Leather, News & Insights
Revenue from continuing operations for the U.S. headquartered manufacturer of footwear and outdoor apparel decreased 48% to US$1.1 billion for the first quarter of the Group’s fiscal year 2021. Revenue for VF Corp’s Active segment decreased 54% in the quarter,...
by moosa.nayeem | Jul 30, 2020 | Leather, News & Insights
India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent. Exports in value terms...
by moosa.nayeem | Jul 30, 2020 | Leather, News & Insights
The France headquartered luxury group said its profits were severely hit by Covid-19’s impact on Europe and the U.S. despite promising signs of recovery in China. However, despite a sales drop of 37%, the Group expressed confidence that it can ride out the economic...
by moosa.nayeem | Jul 30, 2020 | Leather, News & Insights
In the absence of a physical edition in September due to Covid-19, Messe Frankfurt France has launched a Trendbook outlining key consumer and fashion industry trends for the autumn/winter 2021-22 season. Messe Frankfurt, the world largest trade show organiser, said...
by moosa.nayeem | Jul 28, 2020 | Leather, News & Insights
British luxury footwear retailer Fairfax & Favor has reported a 300% rise in sales during the coronavirus lockdown. While sales across the luxury retail sector have declined 60% over the first six months of 2020, Fairfax & Favor has bucked the downward trend...
by moosa.nayeem | Jul 25, 2020 | Leather, News & Insights
Kolkata: India is witnessing a spurt in orders for industrial leather gloves from across the world, especially from mining companies, with a gradual resumption of economic activities after the lockdown forced by the Covid-19 pandemic. Mining has been declared an...
by moosa.nayeem | Jul 25, 2020 | Leather, News & Insights
Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman, has announced that its chairman and chief executive Jide Zeitlin has stepped down for personal reasons. He has been succeeded as chief executive on an interim basis by Joanne Crevoiserat who was previously...
by moosa.nayeem | Jul 22, 2020 | Leather, News & Insights
The Swiss luxury leather goods, watch and jewellery maker has reported a sales drop of 47% to €1.99bn in the quarter to the end of June, stating the business had suffered “unprecedented levels of disruption”, despite most of its stores outside of the U.S. having...
by moosa.nayeem | Jul 22, 2020 | Leather, News & Insights
The Italian luxury goods company has reportedly raised its prices for a number of its products by 5 to 7% in order to offset a fall in revenues and profits resulting from a slump in demand during the corona-virus pandemic. Ferragamo is the latest in a string of luxury...
