by moosa.nayeem | Jul 23, 2020 | Leather, News & Insights
The Italian luxury fashion label said its investment in Centric Product Lifecycle Management (PLM) follows its newly launched initiative called “Innovation and Tradition, Together”. “Our main objectives were to obtain the greatest possible visibility...
by moosa.nayeem | Jul 23, 2020 | Leather, News & Insights
The British luxury brand is said to be in talks to eliminate 5% of its workforce internationally, the equivalent of 500 jobs, to offset the damage to its business caused by the pandemic and to pave the way for recovery. According to media reports, that number includes...
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...
by moosa.nayeem | Jul 22, 2020 | Leather, News & Insights
Fiat Chrysler Automobiles (FCA) and Groupe PSA have announced that the corporate name of the new group will be Stellantis. Meanwhile, Groupe PSA said it remains focussed on its ambition to provide clean, safe and affordable mobility solutions. The name Stellantis is...
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 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 12, 2020 | Leather, News & Insights
Diego Della Valle, Chairman and CEO of the Italian premium fashion brand, said he has no intention of selling the company. Tod’s has been often seen by analysts as a possible target for major conglomerates such as LVMH. During the Online Fashion & Luxury Talk...
by moosa.nayeem | Jul 10, 2020 | Leather, News & Insights
It is evolving its approach to products and the creation of three new business units is part of the next phase of its strategy, said British fashion label. Burberry announced it intends to create three new business units covering Ready-to-Wear, Accessories and Shoes...
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...
