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”.
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?
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.
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.