Labour and Supply Chains

29 July 2024 Labour and Supply Chains Gangmastering: Dior promises solutions, but doesn’t know “what happened” LVMH promises solutions in response to the investigation by the Milan Public Prosecutor’s Office into gangmastering in the Dior supply chain, which was joined by the investigation by the Antitrust Authority. Solutions that, in large part, involve the vertical… Continue reading Labour and Supply Chains

Hermès and its employees reap the rewards of a strong model

29 July 2024 Hermès and its employees reap the rewards of a strong model In keeping with previous results periods, and in contrast to rival companies, luxury group Hermès has reported strong figures for the first half of 2024. By Leatherbiz. Its revenues for the six-month period were €7.5 billion, an increase of 12% year… Continue reading Hermès and its employees reap the rewards of a strong model

Luxury – Kering Results

29 July 2024 Luxury – Kering Results: Almost all brands decline at Kering in H1 results Luxury group Kering has reported its financial results for the first half of 2024, when revenue was down 11% both reported and comparable to €9 billion. Revenue in the second quarter of the year alone was €4.5 billion, dropping… Continue reading Luxury – Kering Results

Loewe Flamenco Bag

26 July 2024 Loewe Flamenco Bag Leather Naturally reports: We love showcasing the best in global leather making – especially when the product blends sustainability and creativity at the heart of its design!   This Summer Loewe launches their Flamenco Surplus.   The limited edition bag is part of their ongoing journey to become more… Continue reading Loewe Flamenco Bag

Birkenstock opens first French store

26 July 2024 Birkenstock opens first French store Footwear brand Birkenstock has announced the opening of its first retail store in France, located in the Marais district of Paris. By ILM. The 130 sq m store is reportedly a milestone in the company’s European retail expansion, and includes features like leather cork in the interior… Continue reading Birkenstock opens first French store

Luxury – Desirability, quality and craftsmanship boost LVMH

26 July 2024 Luxury – Desirability, quality and craftsmanship boost LVMH Luxury group LVMH has reported revenues of €41.7 billion for the first six months of 2024, down by 1.3% year on year. By Leatherbiz. Its leathergoods division registered revenues of €20.8 billion, down by 2%. Within this, it said its Louis Vuitton brand had… Continue reading Luxury – Desirability, quality and craftsmanship boost LVMH

Transparency and Labelling

25 July 2024 Transparency and Labelling Leather Naturally writes on Linkedin: Political change is consuming the western world right now. And no industry or consumer remains unaffected by what may change or what’s to come in the US or across Europe.   But policy change is often a good or at least a reassuring development.… Continue reading Transparency and Labelling

LVMH posts a 14% drop in net profit

25 July 2024 LVMH posts a 14% drop in net profit The French-based luxury conglomerate has posted a 14% year-on-year fall in first half net profit amid an uncertain macroeconomic environment. Fashion & Leather Goods division hit by currency fluctuations By World Footwear.   “The results for the first half of the year reflect LVMH’s… Continue reading LVMH posts a 14% drop in net profit

Acceptance of seaweed solution for methane is one step closer

25 July 2024 Acceptance of seaweed solution for methane is one step closer An initiative for reducing enteric methane from ruminant livestock has submitted a bid for official recognition from the Australian Carbon Credit Units (ACCU) scheme.  By Leatherbiz.   The idea behind the initiative is to use native Australian seaweeds as additives to improve… Continue reading Acceptance of seaweed solution for methane is one step closer

Tanners do good work

24 July 2024 Tanners do good work A European Commission-backed project has shown that tanneries can successfully use the ECO2L tool to calculate the carbon footprint of their product.   Europe’s leather industry has brought its Green Deal Leather project to a conclusion and has shared an average figure for the carbon footprint of bovine… Continue reading Tanners do good work