26 January 2024 Fifth Avenue real-estate acquisition for Kering Luxury group Kering has invested $963 million in a retail property in New York, reports Leatherbiz. It said the site, on Fifth Avenue and 56th Street in Manhattan, would provide it with “multi-level luxury retail spaces” over a total area of 10,700 square-metres, on “one of… Continue reading Fifth Avenue real-estate acquisition for Kering
26 January 2024 Total Look – True Religion steps into footwear US denim and fashion brand True Religion will launch a collection of men, women’s and children’s footwear this autumn through a partnership with distribution company Orly Corporation. By Footwearbiz. Orly Corporation operates two sourcing offices in China as well as an in-house design and… Continue reading Total Look – True Religion steps into footwear
25 January 2024 Bridge of Weir Leather – Advanced Design Studio Our recently launched Advanced Design Studio in Warwick allows us to elevate design to the next level for automotive interior applications and bespoke projects. Positioned at the heart of the UK automotive industry, the Advanced Design Studio has the capabilities to take on technically… Continue reading Bridge of Weir Leather – Advanced Design Studio
25 January 2024 Birkenstock revenues climb 20% in 2023 Birkenstock has reported its financial results for the full 2023 fiscal year, when revenue was up by 20% year-on-year to €1.49 billion, reports ILM. Revenue was reportedly driven by unit growth of 6% as well as an increase in the average selling price of 14%. In… Continue reading Birkenstock revenues climb 20% in 2023
25 January 2024 Automotive – China dethroned Japan as world’s top auto exporter in 2023 BEIJING/SHANGHAI, Jan 9 (Reuters) – China is estimated to have overtaken Japan as the world’s largest auto exporter in 2023, the China Passenger Car Association (CPCA) reported as BYD, Chery and other domestic automakers made major strides overseas. The world’s… Continue reading Automotive – China dethroned Japan as world’s top auto exporter in 2023
24 January 2024 Italy – Sistema Moda Italia withdraws from Cofindustria Moda Sistema Moda Italia is no longer part of the Italian Federation of Textiles, Fashion and Accessories (Cofindustria Moda). The need to respond quickly to new European regulations was at the heart of the decision, reports World Footwear. The Textile and Fashion Association, which… Continue reading Italy – Sistema Moda Italia withdraws from Cofindustria Moda
24 January 2024 Bentley sales drop Luxury carmaker Bentley has reported a decline of 11% in vehicle sales for the year 2023, writes Leatherbiz. Sales were down in Europe, the Americas, and China due to rising costs and slowing economies. However, sales of personalized and bespoke content in vehicles, including leather and wood, increased by… Continue reading Bentley sales drop
24 January 2024 LVMH appoints CEO for LVMH Fashion Group LVMH has announced Michael Burke as the new Chairman and CEO of LVMH Fashion Group, reports ILM. Burke succeeds Sidney Toledano, who has also left the LVMH Executive Committee and has been appointed as Advisor to Bernard Arnault. Arnault said: “Sidney Toledano is an exceptional… Continue reading LVMH appoints CEO for LVMH Fashion Group
23 January 2024 Students enjoy sustainable tanning workshop Leather chemicals group Royal Smit & Zoon recently organised a workshop on sustainable leather tanning, reports Leatherbiz. The weeklong workshop took place at the Institute for Creative Leather Technologies (ICLT) at the University of Northampton. Dirick von Behr and Craig Munro, who are leather specialists from Smit… Continue reading Students enjoy sustainable tanning workshop
23 January 2024 Luxury – Reduced luxury spending impacts Mulberry revenue British fashion brand Mulberry has reported a decline in revenue for the 13 weeks ending December 30, 2023, reports ILM. The brand saw group revenue fall by 8.4% in the period (6.6% at constant exchange rates), which it said was impacted by the challenging… Continue reading Luxury – Reduced luxury spending impacts Mulberry revenue
