United States of America – Sales down for Tyson Foods in full 2023 results

16 November 2023 United States of America – Sales down for Tyson Foods in full 2023 results Meatpacker and hide processor Tyson Foods has reported its financial results for the fourth quarter and full 2023 fiscal year, writes ILM. The company brought in sales of US$13.35 billion in the fourth quarter, down by 2.8% year-on-year.… Continue reading United States of America – Sales down for Tyson Foods in full 2023 results

Yue Yuen reports further declines in nine-month results

16 November 2023 Yue Yuen reports further declines in nine-month results Sporting goods distribution and retail group Yue Yuen Industrial Holdings has reported its financial results for the first three quarters of 2023, when revenue declined by 14.1% to US$5.99 billion, reports ILM. The company attributed this result to a weak performance in its manufacturing… Continue reading Yue Yuen reports further declines in nine-month results

Leatherbiz Market Intelligence – Brands must keep retro focus on leather

16 November 2023 Leatherbiz Market Intelligence – Brands must keep retro focus on leather adidas launched a new collection in its originals range, working jointly with fashion brand Wales Bonner, in November. Our most recent Leatherbiz Market Intelligence newsletter went live on November 14 and is available to read here. The focus this time is… Continue reading Leatherbiz Market Intelligence – Brands must keep retro focus on leather

APLF ASEAN 2023 elevated ASEAN to the international level with a grand stage for young designers, and responding to all needs in the industry under one roof

13 Nov 2023 APLF ASEAN 2023 elevated ASEAN to the international level with a grand stage for young designers, and responding to all needs in the industry under one roof The APLF ASEAN 2023, the one and only leather exhibition in Thailand, has concluded with great success. The event was held between 25 – 27… Continue reading APLF ASEAN 2023 elevated ASEAN to the international level with a grand stage for young designers, and responding to all needs in the industry under one roof

Italy – Mastratto participates in Sustainable Fashion Forum

15 November 2023 Italy – Mastratto participates in Sustainable Fashion Forum The US Accelerating the Sustainable Transition in the fashion sector with a more responsible approach and concrete actions was the focus of the international summit Venice Sustainable Fashion Forum 2023. The President Chiara Mastrotto participated as a speaker to tell how Gruppo Mastrotto has… Continue reading Italy – Mastratto participates in Sustainable Fashion Forum

COP28 – Sources say consultancy firm is undermining COP28

15 November 2023 COP28 – Sources say consultancy firm is undermining COP28 Sources have reported that U.S.-based consultancy McKinsey & Company is using its position as a key advisor to COP28 to push the interests of its oil and gas clients. Report by ILM. Multiple sources and leaked documents reveal that the future energy scenarios… Continue reading COP28 – Sources say consultancy firm is undermining COP28

Sportswear – Current performance ‘not good enough’, adidas says

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

Brazil – Results worsen for Minerva Foods in third quarter

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

China – Despite its higher costs, China is still a supplier to big brands

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

Mixed results for Tapestry in first quarter results

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