All articles by Amit Thadani
Amit Thadani
Mulberry Launch Low-Carbon Leather
British brand Mulberry instead of turning to leather alternatives like a number of brands, have sought out an eco-responsible approach that doesn’t forfeit leather’s natural qualities. Based on the expert know-how of the Muirhead family business, a new collection of leather goods from the British luxury brand features “the lowest carbon leather in the world.” It may be a gamble but it could also help restore the reputation of a material that is increasingly on the hot seat in the fashion industry.
Indian Leather Exports up 400% April-May
India’s leather industry is one of the country’s most prominent and fastest-growing sectors. India is a key player in the leather industry and exports of its products have been on an upward trend. In 2019, total exports stood at $5.07 billion and the growth has not slowed.
India to Target $10bn Leather Exports by 2025
India’s minister of commerce and industry, Piyush Goyal, said last week that India’s leather industry should aspire to be the world’s number one. Addressing the National Export Excellence Awards presentation ceremony of the Council for Leather Exports (CLE), he said India is already the second largest leather industry in the world, but they should still aim for more.
Bangladesh’s BSCIC Chair Seeks Italian Investment
The chairman of the Bangladesh Small and Cottage Industries Corporation, Mostaque Hassan urged Italian investors to invest in green energy produced from the wastes of the local leather industry this week. He made the call at a meeting with Italy’s ambassador to Bangladesh, Enrico Nunziata. The meeting was held at the BSCIC centre in Dhaka.
Ethiopia to Create Research and Development Centres
Ethiopia has a new public entity, namely the ‘manufacturing industries development institute’ and this entity has plans to install Research and Development (R&D) centers for six of the country’s sectors including leather, metal, textile, chemical, electronics and agroindustry. The centers, which will have state of the art research testing and prototype production facilities will be established near places where the industries exist in large numbers.
Stahl to set Scope 3 carbon emission targets by mid 2022
Waalwijk, The Netherlands, 12 November 2021 – Stahl, an active proponent of responsible chemistry, today announces that – by the end of Q2 2022 – it will extend its GHG reduction targets to cover Scope 3 emissions. This step underlines Stahl’s commitment to aligning its strategy with the 2015 Paris Climate Agreement goals, updated at the recent COP26 in Glasgow.
Swiss Entrepreneurs to Invest in Bangladesh Leather
Bangladesh’s leather sector has attracted investment attention from Swiss entrepreneurs, according to Switzerland’s Ambassador to Bangladesh Nathalie Chuard.
Nigerian Government in Talks with IMF
The Nigerian federal government is negotiating with the International Monetary Fund (IMF) on repayment terms for the $3.4 billion extended to Nigeria under the Fund’s global $650 billion Special Drawing Right (SDR).
Indonesian Apparel Firm Signals Industry Risks
Indonesia’s apparel sector has come under scrutiny following the plunge into distress for a major clothing firm. The credit market tumble is fuelling broader concerns about the sector, which has been particularly vulnerable to faltering global demand during the pandemic.
Tandy Leather Inc. Delisted from Nasdaq
The Nasdaq Stock Market announced that it will delist the common stock of Tandy Leather Factory Inc. The American specialty retailer and wholesale distributor of leather and leather related products has had its common stock suspended since 13th August 2020 and has not traded on Nasdaq in that time. The company was founded in 1919 and operates in three divisions: wholesale leathercraft, retail leathercraft and international leathercraft.