“Leather and the Environment – Sustainability in the leather supply chain” is the title of a conference, which will take place at the Hong Kong Convention and Exhibition Centre, April 1, 2014 during the APLF fair.
Total sales of Chinese domestic raw hides for export were worth US$9,493,500 between January and October 2013. An increase of 28.7% compared with the same period in 2012. Figures that have been released for October show an increase of over 43% in value.
LVMH Group announced the acquisition of Italian luxury cashmere house Loro Piana SpA had received all final authorizations and named Antoine Arnault, eldest son of the luxury group's CEO Bernard Arnault, Chairman of the Board, expanding his current list of responsibilities at LVMH.
After being badly hit by the Europe wide recession Natuzzi is now more optimistic about the future. Sales fell from €342.3 million to €328.1 million (- 4.15%) in the first nine months of 2013 compared to the same period in 2012 but CEO Pasquale Natuzzi stated that the company is “near a turnaround”.
Leatherbiz reports that footwear manufacturing and retail group Brown Shoe Company has reported sales revenues of US$702.8 million for the third quarter of 2013, an increase of 1% compared to the same quarter in 2012.
Sources report that slaughter is approximating 155,000/week. The hide market is generally steady with many producers rather well sold. Conventional 29/31 kgs. were offered at $91.00-$92.00/pc. Fleshed and trimmed Victorian ox/heifer averaging 17/19 kgs. were available at $79.00 and 225/27 kgs at $94.00. 52/55 kgs were available at $97.00/pc.
Italian and French luxury brand acquisitions of tanneries are not a new phenomenon. Along with soaring raw materials prices and a finite number of quality hides and skins there has been an explosion in demand for high-value leather goods. Some of the world’s largest luxury brands have snapped up tanners to secure supply and maintain an artisan tradition. Martin Ricker reviews the recent trend.
Leathers from five Brazilian tanners will be highlighted during the next edition of Showtime, which takes place December 8-11 at High Point (NC). With individual stands, tanneries will present articles made in Brazil.