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The tow of luxury
Seen the twist of different uncertainty parameters on various international tables, the demand for manufacturing products continues to suffer accelerations and slow downs. When you think the worst is behind you, a new tug stops the race. Trips that take the name of “threats of a trade war between the US and China” or “Russian crisis”, just to mention two examples.
To find positive signs that involve the tannery world, we must look at the Luxury segment, a market slice that seems to be crossing the various storms unharmed and that continues its growth with enthusiasm.
The major European luxury fashion brands continue to write significant ‘plus’ signs on sales records.
In the first six months of 2018 - according to data provided by the Lineapelle Economic Service – the French brands (LVMH, Kering, Hermès) can consider themselves very satisfied, followed closely by Tod’s (which confirms the upward trend) and Prada (which performs a good recovery).
The liveliness of the Asian and American customers and the excellent performance of the leather good departments of the various brands is among the reasons for these harmonious and perfectly toned notes.
Gucci scored the success of the champion, which with a + 44% of revenues in the first half of 2018, positioned itself at the same level of total revenues achieved in 2015.
MATERIALS & TECHNOLOGY
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