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United States of America - President Trump and Bernard Arnault to Open New Louis Vuitton Factory in Johnson County Texas
WWD’s Rosemary Feitelberg writes that Bernard Arnault, chairman and chief executive officer of Louis Vuitton Moët Hennessy, has lined up a power group for the 17 October opening of the Louis Vuitton Rochambeau Ranch in Johnson County, Tex. — none other than President Trump, as well as first daughter Ivanka Trump and Texas state officials.
Luxury Resale Market - Resale market is not a threat to luxury fashion, according to new study
Fashion United’s Robyn Turk writes that luxury fashion companies should celebrate the growing consumer interest in pre-owned items rather than seeing it as a threat. While fashion houses like Chanel have spoken out against popular resale retailers like The RealReal and What Goes Around Comes Around, new research conducted by Boston Consulting Group (BCG) in partnership with reseller Vestaire Collective confirms that the second-hand market is actually way to boost luxury sales through helping new consumer demographics to garner an interest in luxury.
BEHUMANE: A New Model for Traceability
Hidenet’s Editor-in-Chief and CEO, Vera Dordick, writes that as the leather industry grapples with sustainability and transparency, a new supply chain is on the rise. Calling itself the “leather industry’s first and only transparent supply chain,” BEHUMANE is following a different process.
Leather Pipeline - Seven-point summary of the major issues
The new Leatherbiz Weekly electronic newsletter includes the latest report in our exclusive market intelligence series, Leather Pipeline. The report offers a seven-point summary of the main issues likely to affect the leather industry most acutely in the next decade or so. Reported by Leatherbiz.
The All China Leather Exhibition (ACLE) took place in early September amid the announcement of China’s latest round of retaliatory tariffs toward the US. These new tariffs may mostly affect China’s salted and wet blue hide imports. The continuous escalation of China-US economic and trade frictions have greatly harmed the worldwide economy including the leather industries of China, the US as well as of other countries. However, as always the industry is resilient and optimistic, as expressed by ACLE’s exhibitors who have demonstrated remarkable ingenuity in shouldering the crisis.
China’s leading international event for the leather industry wrapped up another successful edition, its 22nd, on 5 September 2019. 1,056 exhibitors from 34 countries and regions were joined by more than 23,300 visitors in Shanghai from 3 - 5 September. Over 20,000 buyers were from the major manufacturing provinces in China. The fair covered 92,000 sqm and 8 halls of the Shanghai New International Exhibition Center (SNIEC).
The leather used by Del Sur complies with international environmental regulations, hence the tanneries used for the manufacture of the products, all establishments are audited by international environmental organizations and associations.
The leather sector is facing a double pronged assault as we approach the fourth quarter of 2019 – namely the ongoing tariff war between the US and China and the growing competition from synthetic materials in the design and manufacture of apparel and footwear.
It was snowing, according to APLF Director Michael Duck, twenty two years ago when the All China Leather Exhibition started and the damp, grey weather was even more dismal this morning: only to be perfectly matched by the first report by Mr. Chen Zhang Guang, Secretary General of China Leather Industry Association to be almost totally loaded with shrinking rather than expanding numbers.Our September 3 issue of Leatherbiz Weekly includes the latest edition of our exclusive Leather Pipeline market intelligence report.
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