Leather goods
Hermès overperforming the sector
The luxury group announced sales up by 7.5% in 2016, despite the difficult context. Hermès consolidated its revenue and passed the 5 billion euros threshold
Tod’s improves performance in the last quarter
Poor performance by the categories Shoes and Leather Goods and Accessories (-3.0% and -10.9%). Revenue grows as driven by Apparel and Other products
Vietnam’s leather sector expects more pressure
Estimates point to a single-digit export growth for the sector in 2016, as a result of political instability around the world and strong competition from other Asian footwear exporting countries
Burberry results in line with expectations
Company underlines the 4% increase in retail sales, with confirmation of early results delivered by implemented long-term strategies and efficiency plans
Cavalinho, a passion generation after generation
A brand with its roots in the north of Portugal and with a history of four decades dedicated to manufacture high quality accessories for men and women
Uzbekistan sets output target for the next four years
According to the local authorities the Leather and Footwear Industry of Uzbekistan intends to produce output worth 1.68 billion US dollars in the next four years
Belcinto, leather goods with a soul
The company based in S. João da Madeira, in the north of Portugal, is focused on designing, producing and marketing fashion accessories in superior quality leather, for customers who look for good taste and quality
Topline growth at Mulberry
The UK-based luxury brand has announced unaudited results for the six months ended on the 30th of September 2016
Declining footwear exports in India
According to the Council for Leather Exports (CLE), footwear exports reached 1 262.59 million US dollars in the period April-September, the first semester of the fiscal year in that country, showing a drop of 1.81% over the same period last year
Indonesia considers rising tax on leather exports
Several local media reported that the government may increase excise taxes on exports of unprocessed and semi-finished leather to restrict sales abroad. A serious matter given the local shortage of such raw material
Michael Kors with disappointing results
The New York-based luxury lifestyle brand announced results for the second quarter, ended on the 1st of October, strongly marked by a drop in revenue and net income, despite a very dynamic expansion of its retail stores
Coach maintains guidance
The New York-based design house of modern luxury accessories reported first quarter results for the period ended on the 1st of October. Stable sales marked the period
Tod's aims to focus on the digital side after sales' plunge
Luxury group Tod’s announced revenue of 757.7 million euros for the first nine months of 2016, a 3.7% drop from similar period last year
LVMH acquires stake in Rimowa
A major stake (80%) of the German premium luggage maker, known for its lightweight suitcases, was acquired by the French-based luxury house
Declining leather footwear exports in India
According to the Council for Leather Exports (CLE) leather footwear exports reached 2 147.2 million US dollars in the last fiscal year (April 15 -March 16), declining by 5.75% from the previous year-
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