All articles by Amit Thadani
Amit Thadani
Ethiopia to Host All-African 2021 Leather Fair
Ethiopia will host the 12th All-African Leather Fair (AALF) and 5th world leather congress from 3-6 November 2021 in Addis Ababa, the Ministry of Trade and Industry disclosed.
Ethiopia’s Mojo City Leather City Begins Construction
Ethiopia’s leather project initiative that aims to establish a city designated to produce leather and related materials at Mojo town and plans to create over 30,000 jobs upon completion is currently under construction.
Bangladesh’s Leather Industry Has a Child Labour Problem
According to a study, Bangladesh’s lucrative leather industry has children as young as seven years working with hazardous chemicals, heavy machinery or carrying heavy loads, endangering their health and lives. Globally, about 160 million children were subjected to child labour at the beginning of 2020, with nine million additional children at risk due to the impact of Covid-19, according to UNICEF. Almost half of them were in hazardous work that directly imperils their health and moral development, the UN children’s agency said.
Kenyan Leather Factory to Open for Operations
The plan to commence large scale production of leather products by Nairobi’s City Hall has moved a step closer after the county government handed over the Kariokor Leather factory for equipping. The manufacturing facility will now be equipped by the Kenya Leather Development Council (KLDC) through the installation of state-of-the-art machines. Nairobi County trade executive Winfred Gathagu said the upgrade will enable the factory to produce local products for sale in the city and across the country.
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 a living out from it. But a downturn in business over the last couple of years has driven nearly all the traders out of business. With the rising number of Covid-19 infections, most are sceptical over whether buying sacrificial animal skins would be a wise decision during the upcoming Eid-ul-Azha.
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.
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 stock markets — through one of the biggest trends on Wall Street in recent years.
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 approved quantity of wet blue hides would be exported to the European Union, Russia, Ukraine, China, Hong Kong, Korea, Vietnam and Japan by June 30, 2022.
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. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering.