Record sales for Puma in 2022

8 March 2023 Record sales for Puma in 2022 Puma has reported its full 2022 results, achieving a year-on-year sales increase of 18.9% to €8.47 billion, writes ILM.     In the fourth quarter alone, the company reported a year-on-year sales increase of 21.2% to €2.2 billion. Meanwhile, Puma achieved a gross profit margin of… Continue reading Record sales for Puma in 2022

Luxury – Altagamma extends internationalisation to UAE

8 March 2023 Luxury – Altagamma extends internationalisation to UAE Fondazione Altagamma, the trade association that promotes high-end leathergoods and other luxury brands from Italy, has launched its fourth internationalisation initiative, extending its network to the United Arab Emirates, writes Leatherbiz.     It inaugurated its new network there in Dubai on March 3. Altagamma… Continue reading Luxury – Altagamma extends internationalisation to UAE

Automotive – How the leather in your car seat is made

8 March 2023 Automotive – How the leather in your car seat is made Leather is all around us. It’s in our car seats, upholstery, garments, shoes, and accessories. Not without reason, as leather has been a material we’ve used for millennia. Primitive man hunted animals for food, and the hides were turned into a… Continue reading Automotive – How the leather in your car seat is made

China Tibet – ESG Tanning Initiative In China

7 March 2023 China Tibet – ESG Tanning Initiative In China Supporting local Yak sourcing and “buying local” is an important goal for ChromeFree® Leather Alliance and The Third Pole Of The Earth Leather, because this reduces the carbon footprint by reducing the cost and pollution. Also, an increased awareness among Chinese consumers can make… Continue reading China Tibet – ESG Tanning Initiative In China

Ethiopia – War causes total destruction of Sheba leathers

7 March 2023 Ethiopia – War causes total destruction of Sheba leathers The war in Tigray destroyed one of Ethiopia’s leading leather manufacturers, Sheba Leather Industries, according to an assessment conducted by the Confederation of Ethiopian Trade Union (CETU).   Sheba is one of 16 enterprises in the Endowment Fund for Rehabilitation of Tigray conglomerate,… Continue reading Ethiopia – War causes total destruction of Sheba leathers

BSE Brazil – Further export bans after mad cow case in Brazil

7 March 2023 BSE Brazil – Further export bans after mad cow case in Brazil A series of countries have implemented bans on beef imports from Brazil after a case of mad cow disease was discovered last month, reports ILM.    Following an automatic ban on Brazilian beef imports in China in February, Thailand, Iran… Continue reading BSE Brazil – Further export bans after mad cow case in Brazil

Tallow – Solidaridad sets up fleshings pilot plant

6 March 2023 Tallow – Solidaridad sets up fleshings pilot plant Campaign group Solidaridad has setup a pilot plant at Super Tannery limited in Jajmau, Kanpur, to convert fleshings into tallow oil, writes Leatherbiz.     The pilot plant, capable of processing six tons of fleshings per day, will allow for the sustainable conversion of… Continue reading Tallow – Solidaridad sets up fleshings pilot plant

Retail – UK consumer confidence rebounds to the highest level in almost a year

6 March 2023 Retail – UK consumer confidence rebounds to the highest level in almost a year The latest data by GfK shows that UK consumer confidence hit in February the highest level since April 2022, thus displaying households’ resilience despite the cost-of-living crisis, writes World Footwear.     The Research Group GfK said that… Continue reading Retail – UK consumer confidence rebounds to the highest level in almost a year

Alternative Materials – Puma abandons kangaroo leather for football boots

6 March 2023 Alternative Materials – Puma abandons kangaroo leather for football boots Puma has announced that its King football boot has been redesigned without the use of kangaroo leather, writes ILM.     The company has replaced leather in its product with “K-BETTER” a new, “non-animal-based” upper material, containing at least 20% recycled material.… Continue reading Alternative Materials – Puma abandons kangaroo leather for football boots

Livestock – Mad cow case in Brazil hots Mercosur cattle prices

3 March 2023 Livestock – Mad cow case in Brazil hots Mercosur cattle prices The suspension of exports from Brazil to China starting last Thursday after confirming the atypical case of mad cow pushed down the prices of cattle for slaughter in Brazil and Paraguay. The Mercosur Steer Faxmeat Index lost 8 cents in the… Continue reading Livestock – Mad cow case in Brazil hots Mercosur cattle prices