The fire in a garment factory in the idyllic Italian city of Prato in Tuscany that killed seven Chinese workers has shed light on the inhumane conditions under which fast fashion is produced even in Europe.
LeatherInsiders reports of a possible buying strategy by Chinese tanneries in Europe as the holiday season approaches. The question is - are they holding off due to historically high hide prices in order to replenish their stocks?
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.
The Protextil conference was recently held in Buenos Aires as was organized by the ProteJer Foundation. Protejer groups together all the chambers of commerce, trade unions, centers of technology and education as well as publications of the textile and apparel sector.
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.