by moosa.nayeem | Aug 4, 2020 | Leather, News & Insights
The luxury leather goods brand announced that sales fell by 42% in the second quarter as the Covid-19 crisis forced it to close stores and pause production. Hermes, which makes the US$ 10 000 Birkin bag, said revenue in the first half of the year was down 25% to...
by moosa.nayeem | Aug 4, 2020 | Leather, News & Insights
The automotive tier-1 technology company, Faurecia has entered into a 50-50 joint venture with one of China’s largest automotive manufacturers, BAIC. According to media reports, this partnership will be created through Faurecia’s purchase of the 50% shareholding of...
by moosa.nayeem | Jul 31, 2020 | Leather, News & Insights
The French luxury group announced that second-quarter comparable sales plunged by 43.7% due to the Covid-19 pandemic, stressing it could not provide a forecast for the second half of the year, despite an encouraging recovery in Asia. Kering said in a statement that it...
by moosa.nayeem | Jul 31, 2020 | Leather, News & Insights
The footwear brand announced its second quarter results, with a sales decline of 42% overall due to the impact of the Covid-19 pandemic. However, the company said it is optimistic about its ability to recover, mainly driven by growth in China, improvements in other...
by moosa.nayeem | Jul 31, 2020 | Leather, News & Insights
The French Leather Council, Conseil National du Cuir (CNC), organiser of the Sustainable Leather Forum, to be held September 14, 2020 at the French Economic, Social and Environmental Council in Paris, has announced the line-up of speakers and topics. Building on the...
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 29, 2020 | Leather, News & Insights
Eco-friendly, ethical and sustainable fashion is finally on the industry’s agenda and for many brands and designers this has been a year of awakening. But, as Tamsin Blanchard argues, we all have our part to play in making fashion truly circular. Fashion is finally...
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 28, 2020 | Leather, News & Insights
SATRA Technology Centre (SATRA) is a research and technology centre, employing over 180 scientific, technical and support staff across two sites in the UK and China. Michael Bodsworth – who initially worked at SATRA in the 1990s – has returned to the...
by moosa.nayeem | Jul 27, 2020 | Leather, News & Insights
The materials trade show is launching a fully digital format in response to the ongoing pandemic. Organisers said they had to modify their platform from the usual live event due to the Covid-19 crisis and would therefore launch Inspiramais as a 100% online event,...
