Author: Rose Tong

15 November 2023 Sportswear – Current performance ‘not good enough’, adidas says Image shows the adidas flagship store in New York. Sports group adidas has reported revenues of €16.6 billion for the first nine months of 2023, a decline of 4% compared to the same period last year. Report by Footwearbiz.   Its sales in… Continue reading Sportswear – Current performance ‘not good enough’, adidas says

14 November 2023 Brazil – Results worsen for Minerva Foods in third quarter Minerva Foods has reported its financial results for the third quarter of the 2023 fiscal year, when gross revenue declined by 15.8% to R$7.56 billion (US$1.54 billion), writes ILM. EBITDA for the period was down by 11.5% year-on-year to R$713.7 million (US$144.93… Continue reading Brazil – Results worsen for Minerva Foods in third quarter

14 November 2023 China – Despite its higher costs, China is still a supplier to big brands Although many Western companies began after the pandemic to look for other suppliers outside China and set up factories in other Asian countries, it comes with its risks and challenges. For this reason, many companies are once again… Continue reading China – Despite its higher costs, China is still a supplier to big brands

14 November 2023 Mixed results for Tapestry in first quarter results Tapestry has reported its first quarter financial results, with net sales growth of 0.4% to US$1.51 billion, writes ILM. The company noted that when excluding the 130-basis point headwind from currency due to the appreciation of the U.S. dollar, revenue increased by around 2%.… Continue reading Mixed results for Tapestry in first quarter results

13 November 2023 New LVMH prize to celebrate savoir-faire Luxury group LVMH has added a new prize to its Young Fashion Designers competition, one focused on savoir-faire, writes Leatherbiz. Its new Savoir-Faire Prize will be part of the 2024 competition, for which entries are now open. LVMH will present the new award next year, alongside… Continue reading New LVMH prize to celebrate savoir-faire

13 November 2023 Footwear – Authentic Brands Group partners with Warson Brands Footwear manufacturer Authentic Brands Group has announced an expanded partnership with Warson Brands, which produces safety footwear, writes ILM. Warson will design, develop and distribute premium occupational footwear for men and women for the DC Shoes brand as well as women’s styles for… Continue reading Footwear – Authentic Brands Group partners with Warson Brands

13 November 2023 Repurposing – Emirates launches upcycled capsule collection Dubai based Emirates Airlines has announced the launch of a unique capsule collection that includes suitcases, backpacks, and even shoes, writes Leatherbiz.   The exclusive ‘Aircrafted by Emirates’ range has been designed and handmade by Emirates tailors in a dedicated cabin workshop at the Emirates… Continue reading Repurposing – Emirates launches upcycled capsule collection

10 November 2023 Event – WWF Pakistan to host international sustainability conference World Wide Fund for Nature-Pakistan (WWF-P) has announced an international conference to bring together the textile and leather supply chains to discuss sustainability issues. Report by ILM. The event, Sustainable Textile and Leather Supply Chains – Closing the Loop, will be held on… Continue reading Event – WWF Pakistan to host international sustainability conference

10 November 2023 Leather Naturally on Labelling Different materials have different benefits, but labels can often be confusing. Therefore, we made a straightforward guide, that sets out some common labelling descriptions and explains how to interpret them in easy-to-understand terms. Just hit the link. You can also watch the video of our partner Yusuf who… Continue reading Leather Naturally on Labelling