New News information at Leather International

Stahl's 2023 ESG Report charts further progress in meeting environmental, social and governance goals

Wed, 17 Apr 2024 11:26:00 GMT

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Stahl, a leading provider of speciality coatings and treatments for flexible substrates, has published its 2023 Environmental, Social and Governance (ESG) Report. The report outlines Stahl's recent progress on its ESG Roadmap to 2030 and the steps the company is taking to live its purpose of Touching lives, for a better world. The report is available now as a fully digital version.

Kering Acquires Historic Milanese Building for €1.3 Billion

Mon, 08 Apr 2024 06:38:00 GMT

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Kering recently announced its acquisition of the iconic via Monte Napoleone 8 building in Milan, a historic structure situated at the heart of the city's Quadrilatero della Moda, for approximately €1.3 billion. The purchase was made from a subsidiary of Blackstone Property Partners Europe.

Deichmann Marks Record Revenue of €8.7 Billion in 2023 Amidst Strategic Investments and New Campus Development on 111th Anniversary

Mon, 08 Apr 2024 06:36:00 GMT

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Europe's largest footwear retailer, Deichmann, celebrated its 111th corporate anniversary with optimism, closing 2023 with a historic revenue milestone of €8.7 billion. The family-owned company announced plans for group-wide investments totalling around €374 million in modernizing its store network, enhancing IT infrastructure, and optimizing logistics, among other initiatives.

JBS Australia Boosts Production at Dinmore Plant, Hiring 500 New Employees to Meet Growing Demand

Mon, 01 Apr 2024 06:27:00 GMT

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JBS Australia is significantly increasing production at its Dinmore facility in Queensland, which stands as the largest beef plant in the southern hemisphere

Minerva Foods Reports Strong Fourth Quarter Turnaround with BRL 19.8 Million Net Profit, Despite Revenue Decline

Mon, 01 Apr 2024 06:26:00 GMT

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Minerva Foods, South America's leading beef exporter, closed the fourth quarter of 2023 with a notable turnaround, posting a net profit of BRL 19.8 million, compared to a net loss of BRL 25.7 million in the same period of 2022. Despite a slight 0.3% decrease, the earnings before interest, taxes, depreciation, and amortization (EBITDA) remained robust at BRL 605.9 million. However, the company experienced a 9.8% decline in net revenue, amounting to BRL 6.166 billion, largely due to decreased cattle and meat prices, including cuts for international markets.

Kering Forecasts 10% Decline in Q1 2024 Revenue, Gucci Sales Hit by 20% Drop

Fri, 22 Mar 2024 06:24:00 GMT

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In the face of anticipated challenges, Kering has warned that it expects a decline of approximately 10% in its consolidated revenue for the first quarter of 2024 compared to the same period last year. This estimation primarily stems from a notable sales decrease at Gucci, particularly in the Asia-Pacific region, with Gucci's comparable revenues expected to plummet by nearly 20% year on year.

Bata Group Partners with Leather Working Group to Drive Sustainable Leather Supply Chain Practices

Fri, 01 Mar 2024 05:54:00 GMT

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As part of Bata Group’s dedication to establishing a responsible leather supply chain, reflecting its commitment to sustainability, conscientiousness, and responsibility, it has recently announced that is has joined the Leather Working Group (LWG). A global multistakeholder organization, LWG is committed to driving excellence in the leather industry, minimizing its environmental impact, and challenging industry perceptions through various tools and ESG certification.

PUMA Unveils Plan to Return Up to 50% of Net Income to Shareholders

Fri, 01 Mar 2024 05:53:00 GMT

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PUMA has announced its intention to allocate up to 50% of the Group's net income to shareholders through a combination of dividends and share buybacks. Bolstered by a strong balance sheet as of 2023 year-end and a strategy geared towards sustainable and profitable growth, the company anticipates robust cumulative free cash flow generation in the coming years, forming the organic basis for increased shareholder payouts.

Birkenstock Reports Record First Quarter Revenue and Affirms Fiscal 2024 Guidance Amid Strong Demand Growth

Fri, 01 Mar 2024 05:52:00 GMT

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Birkenstock Holding has released its financial results for the first quarter of fiscal 2024, concluding on December 31, 2023. The company has reported record revenue for the first quarter of 2024, propelled by strong demand for its products across all regions, channels, and categories. Birkenstock remains steadfast in its fiscal 2024 guidance, announced one month earlier, along with its mid-term profitability objectives, which include achieving a gross profit margin exceeding 60% and an adjusted EBITDA margin in the low thirties percent.

ABS Report: Record Lamb Slaughter and Meat Production Surge in 2023 Signals Booming Livestock Industry Growth in Australia

Fri, 23 Feb 2024 07:47:00 GMT

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The Australian Bureau of Statistics (ABS) recently disclosed its quarterly data concerning slaughtered livestock and meat production, unveiling remarkable figures. Notably, there has been a historic surge in lamb production, with a calendar year lamb slaughter totalling 24,909,600 head, setting a new record.