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L Catterton to Aquire Etro
L Catterton, a private equity firm with backing from French luxury giant LVMH, has agreed to buy a 60% stake in Italian fashion company Etro, according to sources.
Bangladesh’s Balikandi Leather Hub Going Under
Balikandi of Moulvibazar sadar upazila has a long been Bangladesh’s Sylhet region’s hub for leather trade. One only needs to go back a couple of years to see hundreds of people making...
Zegna to go Public
On Monday, Zegna, a company founded in the foothills of Northern Italy and now a global luxury fashion house that owns the Thom Browne brand, took a major step onto the public...
Savar Tannery Incompletion Hits Production
Although nearly four years and three months have already passed since the deadline for the relocation of tanneries from Hazaribagh to Savar, many important works of the project...
Bangladesh Government Approves 10m Feet Rawhide
The government has allowed five companies to export ten million square feet of wet blue hide for the first time in the country’s history. According to the government order, the...
China’s Yantian Port Sees Covid Setback
The recent outbreak of COVID-19 in South China’s Yantian Port is causing yet another backlog in global supply chains.
Yandex Pulls Out of KupiVIP Deal
Last week Russian tech giant Yandex announced it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector....
Huge Potential in Nigerian Leather Industry
Nigeria’s vice president, Yemi Osinbajo says that Nigeria’s leather industry has the potential to generate over 1 billion USD by 2025. Osinbajo disclosed this at the formal...
Pakistan Leather Industry Push for 24/7 Gas Supply
Chairman of the Pakistan Tanners Association, Abdul Salam has urged the federal minister for gas and petroleum to ensure the supply of gas to the leather industry located at...
China Boycott Prompts H&M Sales Slump
Swedish fashion giant H&M saw its sales slump in China, months after it became the target of a Chinese boycott. H&M was one of several brands that raised concerns over alleged...
South African Industry Flailing
South Africa's clothing industry has not avoided the impact of the Covid-19 pandemic, with retail sales showing the worst decline ever recorded. However, according to local...
Richemont Acquires Delvaux
Swiss-based luxury goods firm Richemont has acquired Belgian handbag and leather goods maker Delvaux in a private transaction, the group said on Wednesday.
Tamil Nadu Leather Benefits from Reasonable Lockdown
A well-planned lockdown with reasonable restrictions and relaxations seems to have protected India’s leather industries from complete failure, as exporters are getting through the...
Turkish Manufacturing Sees Year High
Turkey’s manufacturing industry capacity utilisation rate rose to its highest level in one and a half years, in June on a monthly basis, according to official data announced last...
Zimbabwe Bulawayo Leather Sector Trade Fair Ready
Zimbabwe leather sector players, based in Bulawayo, are seeking to use this year’s Zimbabwe International Trade Fair (ZITF) to showcase their products and improve on quality...
New Kanpur Leather Park
The Uttar Pradesh government is seeking to restore the industrial charm of Kanpur, also known as the ‘Manchester of the East’. Chief minister Yogi Adityanath-led state government...
India’s CLE Appoints New Chairman
The Council for Leather Exports (CLE) on Friday announced it has elected Sanjay Leekha as chairman and Rajendra Kumar Jalan as vice-chairman.
Pakistan Exports Soar
Pakistan’s textile and clothing sector exports have posted a near 19% growth in the current fiscal year compared to the same period a year ago, according to data released by the...
Indian Leather Manufacturers Rush to get Staff Vaccinated
The demand for processed leather and finished goods from Europe and the US is increasing but production in the tanneries and leather goods units has been tardy because of shortage...
