Leather goods
Hermès reports strong sales across all segments
The French-based luxury group reached revenue of 2.77 billion euros in the first quarter of 2022, thanks to the acceleration in all the business lines and sustained growth in leather goods
LVMH off to a good start in 2022
The luxury group reported revenue growth in the first quarter of 2022, but remains vigilant due to "the current geopolitical context and the ongoing impact of the pandemic”, especially in China
Bangladesh: leather exports continue on growing mode
In the first nine months of the current fiscal year, the Bangladeshi leather industry reported growth across all segments, remaining ahead of its strategic growth targets
Capri to donate products to aid refugees of the war in Ukraine
The luxury group has announced that it will donate over 1 million euros in essential clothing from Versace, Jimmy Choo and Michael Kors to aid those displaced by the war in Ukraine
Managing Director of the Bangladeshi Apex is the new President of LFMEAB
The board of the Leathergoods and Footwear Manufacturers & Exports Association of Bangladesh has unanimously elected Syed Nasim Manzur to the role of President
Hermès to open two new leather goods workshops by 2026
The two workshops, which will employ 500 people, will allow the French luxury house to increase its production capacity while remaining committed to its artisanal culture
Over 13 000 buyers visited Lineapelle
The last edition of Lineapelle, held in Milan from the 22nd to the 24th of February, welcomed more than 960 exhibitors from 31 countries, who were visited by more than 13 000 buyers
Bangladeshi leather exports ahead of strategic growth targets
In the first seven months of the current fiscal year, the Bangladeshi leather industry reported growth across all segments, generating a total revenue of 682.74 million US dollars
Capri on growing mode
The fashion luxury group has posted revenue and earnings above expectations in the third quarter of fiscal 2022, raising once again its full year outlook
China’s personal luxury market grew by 36% in 2021
Chinese consumers spent around 471 billion yuan (74.3 billion US dollars) on personal luxury goods last year, despite challenges posed by the COVID-19 pandemic
Portugal regulates leather authenticity
The law defines the term “leather” and regulates its use, recognizing the need to protect the sector from deceptive business practices. The term can no longer identify materials that are not of animal origin
Ferragamo announces preliminary results for full year 2021
The Italian-based luxury group has reported revenue growth of 29.6%, reaching 1.14 billion euros, as compared to 2020. Footwear and leather goods sales represented the main share
LVMH posts revenue above pre-pandemic levels
The luxury group has reported strong growth over 2021, following the disruption of the first half of 2020 resulting from the global pandemic. Revenue for the full year reached 64.2 billion euros
Pakistan footwear exports increase in value
In the first half of the current fiscal year, Pakistani footwear exports grew by 12.37% in value, totalling 72.79 million US dollars. Leather footwear exports increase in value, but decline in volume
Burberry announces full-price sales increase
The UK-based luxury group has reported that, in the third quarter of fiscal 2022, full-price sales increased driven by a strong performance in outwear and leather goods and in the US market-
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