United States – Tyson sales up slightly in Q1

7 February 2023 United States – Tyson sales up slightly in Q1 Meatpacker and hide processor, Tyson has reported Q1 sales of US$13.26 billion up 2.5% compared with the same period last year, reports ILM. However, GAAP operating income was US$467 million down 68% compared with the prior year and operating margins were 3.5%. The… Continue reading United States – Tyson sales up slightly in Q1

Exports

6 February 2023 Exports During the first nine months of India’s current financial year (April-December 2022), the country’s leather industry achieved $4.25 billion in export earnings, the Council for Leather Exports (CLE) told international journalists during a meeting on the second day of the India International Leather Fair (IILF), reports Leatherbiz.     This figure… Continue reading Exports

Automotive – Lear reports successful growth in final 2022 results

6 February 2023 Automotive – Lear reports successful growth in final 2022 results Automotive technology company Lear Corporation has reported its financial results for the fourth quarter and full 2022 fiscal year, reports ILM.     Lear reported that sales were up by 10% to US$5.4 billion in the fourth quarter, while it achieved sales… Continue reading Automotive – Lear reports successful growth in final 2022 results

Scotland – Another automotive success for Bridge of Weir

6 February 2023 Scotland – Another automotive success for Bridge of Weir California-based electric vehicle manufacturer Lucid Motors has become the latest sustainability-conscious automotive brand to use leather from Bridge of Weir in its interiors, writes Leatherbiz.     Presenting a touring version of its Lucid Air model at the start of February, the company… Continue reading Scotland – Another automotive success for Bridge of Weir

Pakistan – Retention of US dollars threatens tannery closures in Pakistan

3 February 2023 Pakistan – Retention of US dollars threatens tannery closures in Pakistan Pakistan’s tanning industry is highly dependent upon inputs, such as imported chemicals, to continue producing leather. Without the import of necessary supplies, production of some tanneries could grind to a halt causing them to close.     Currently, there are several… Continue reading Pakistan – Retention of US dollars threatens tannery closures in Pakistan

Prada still exploring dual stock market listing

3 February 2023 Prada still exploring dual stock market listing Prada continues with its intention to achieve a listing on the Milan stock exchange to complement its established one on the Hamg Seng in Hong Kong.     It is not yet known when the IPO in Milan will take place as there are many… Continue reading Prada still exploring dual stock market listing

Luxury – LVMH multiplies the value of its leathergoods business by four in a decade

3 February 2023 Luxury – LVMH multiplies the value of its leathergoods business by four in a decade Luxury group LVMH more than doubled its revenues in the six years between 2016 and 2022, in spite of a downturn in the first year of the covid-19 pandemic, writes Leatherbiz.     The group announced on… Continue reading Luxury – LVMH multiplies the value of its leathergoods business by four in a decade

Trade – Pakistan and Russia agree to promote trade

2 February 2023 Trade – Pakistan and Russia agree to promote trade The Islamabad Chamber of Commerce and Industry (ICCI) has signed an agreement with the Moscow Chamber of Commerce and Industry (MCCI) to promote business between the two countries, reports ILM.     With the aim of enhancing bilateral trade, the two countries have… Continue reading Trade – Pakistan and Russia agree to promote trade

Kering appoints Creative Director for Gucci

2 February 2023 Kering appoints Creative Director for Gucci Kering has announced the appointment of Sabato De Sarno as its new Creative Director for Gucci, reports ILM.     De Sarno will present his debut runway collection at Milan Women’s Fashion Week in September 2023 and will report directly to Gucci President and CEO Marco… Continue reading Kering appoints Creative Director for Gucci

CLARKS x ZARA

2 February 2023 CLARKS x ZARA UK footwear brand, Clarks, has an exciting new collaboration with global fashion retailer Zara.     Clarks launched 15 new styles across Men, Women and Kids, available to buy online at Zara.com and in their stores located in 98 countries around the world. The collection designed for this collaboration… Continue reading CLARKS x ZARA