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Footwear - New Stella International factory in Indonesia
20 January 2020

Full-year figures for 2019 show that footwear group Stella International earned revenues of just over $1.5 billion. The figures are unaudited. Over the 12-month period, Stella shipped 59.4 million pairs of shoes, reports Leatherbiz.

 

This means the company experienced a fall of 1.3% in value and in volume compared to 2018. Its average price per pair remained steady at $25.80.

Stella said it had made progress on “expansion initiatives” in the course of 2019, such as improving production efficiency, “adjusting” its production capacity to make fewer shoes in China and more in other parts of south-east Asia. As part of this, it added a new production facility in Indonesia.

The Mayor of London’s Good Growth Fund could develop a Centre for Artisan Accessory and Leather Makers by providing business space and training opportunities for leather and accessories craftspeople in East London. The UKFT, with the support of Leather UK and Ruth Glen Consultancy, is now preparing a Stage Two application for submission in the first week of February. In order to prepare for this second phase, the Association has launched a short survey aimed at UK based businesses and entrepreneurs as it seeks to provide evidence of the strength of the sector, and its ambitions for growth.

If successful, the UKFT could be awarded a significant sum towards the project, which aims to create a specialist centre for leather and accessories craftsmanship. The centre would support the continued development of the ‘Made in the UK’ movement, link high quality British making with fashion design and manufacture, and pass on artisan skills to the next generation of makers.

To complete the survey before January 21, please click here.
 

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