by moosa.nayeem | Jul 21, 2020 | Leather, News & Insights
Global commodities trader Cargill’s revenue for fiscal 2020, which ended on May 31, rose to US$114.6 billion, up 1% from the previous year. The rise in revenue is the company’s third in the last four years, after U.S. flooding and the U.S.-China trade war cut revenues...
by moosa.nayeem | Jul 21, 2020 | Industry And Cluster, Leather, News & Insights
The privately-owned company and oldest clothing retailer in the U.S., which filed for Chapter 11 bankruptcy on July 8, is reported to have secured a zero-interest loan of US$80 million. The loan is said to have been provided by ABG-BB, a partnership between Authentic...
by moosa.nayeem | Jul 15, 2020 | Leather, News & Insights
The 123rd edition of the UK Society of Leather Technologists & Chemists’ conference has been cancelled. due to the Covid-19 pandemic, the conference organisers postponed the event until September 19 which was Initially scheduled to take place on April 25. But have... by moosa.nayeem | Jul 15, 2020 | Leather, News & Insights
The Lineapelle Virtual Networking project will take place from July 14 to August 7, which consists of a series of webinars, thematic e-forums and live presentations. To compensate for the cancellation of the summer editions of Lineapelle London and Lineapelle New...
by moosa.nayeem | Jul 12, 2020 | Leather, News & Insights
As part of a strategic review Pentland Brands, a division of privately-owned family business Pentland Group, has warned of 350 job cuts. Reportedly, at least 350 redundancies are likely to take place as part of a global strategic review, which is also “pausing” its...
by moosa.nayeem | Jul 4, 2020 | Leather, News & Insights
According to a statement from Leather and Hide Council of America (LHCA), China’s customs authorities have begun requesting that imports of hides, skin and leather products from the US to arrive with formal assurances that products are free of covid-19. The assurances...
by moosa.nayeem | Jul 3, 2020 | Leather, News & Insights
An interview has been featured with Antonio Battaglia, Leather Director and Co-owner of Italian leather chemical specialist Silvateam for the July-August 2020 print and digital app edition of International Leather Maker (ILM), in which he provides key insights from a...
by moosa.nayeem | Jul 1, 2020 | Leather, News & Insights
To reinvest resources in “priorities”, the global sportswear manufacturer could cut hundreds of jobs. The announcement comes after Nike posted revenues of US$6.3 billion (-38%) for the fourth quarter of its fiscal 2020 and a net loss in the quarter of US$790 million....
by moosa.nayeem | Jun 30, 2020 | Leather, News & Insights
For the fourth quarter of its fiscal 2020 The global sportswear manufacturer posted revenues of US$6.3 billion ended May 31, a decline from the prior year as the majority of Nike-owned and partner stores in North America, EMEA and APLA were closed due to the Covid-19...
by moosa.nayeem | Jun 26, 2020 | Leather, News & Insights
Ramesh Juneja, regional chairman at Council of Leather Exports, said “Even though the import duty on footwear was increased to 35% in 2019, the flow of Chinese footwear has not come down a bit. The only way this can be controlled is to impose anti-dumping duty. We...
by moosa.nayeem | Jun 25, 2020 | Leather, News & Insights
After being offered a dividend in kind by Kering in 2018, the French holding company, owned by Kering’s Chairman and CEO François-Henri Pinault, acquired 29% of Puma shares Groupe Artémis is to proceed with a new €500 million bond offering in Germany convertible into...
by moosa.nayeem | Jun 25, 2020 | Leather, News & Insights
The French luxury fashion house forecasts two difficult years ahead for the luxury sector due to the corona-virus pandemic. Any discounting and online selling has been ruled out by privately-owned Chanel. “We expect that Covid-19 will lead to significant reduction in...
