All articles by prameela vegi
prameela vegi
New CEO for Natuzzi
Italian furniture group Natuzzi saw sales grow by +23.1% in Q1, thanks to a robust order backlog. The Italian business’ positive momentum has continued through the first 18 weeks of the year, surpassing comparatives in 2019 and 2020, the brand states.
Moncler CEO Quashes Talk of Italian Market Consolidation
The chief executive of Moncler said last week that he did not expect consolidation in the Italian fashion market due to the deep history of company family ownership, but indicated that he was not constrained by this culture. In a European luxury goods industry dominated by French conglomerates LVMH and Kering, Italian players – most of them family-owned and run – are under pressure from investors to consolidate into larger groups, with fashion brand Moncler often seen by analysts as a possible target.
Meat Imports Preventing Bangladesh Industry From Flourishing
As domestic livestock production has multiplied manifold in the last decade, meat and dairy are now in surplus in Bangladesh. However, imports are preventing the local industry from flourishing and exporting to meet the demands of the burgeoning international halal meat market, said industry insiders. Almost 100% of the demand for sacrificial animals during Eid-ul-Azha is being met with locally reared livestock, according to meat traders.
Chinese Construction Giant Begins Work on New Ethiopian Industrial Park
Chinese construction giant – China Civil Engineering Construction Corporation (CCECC) launched the construction of the CCECC Dire Dawa Industrial Park in eastern Ethiopia last week. The first-phase construction of the Park is to be on 370 hectares of land on the outskirts of Ethiopia’s second-largest city Dire Dawa.
H&M’s Sellpy Launches in 20 More Countries
Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M, announced it was opening in 20 more European countries, banking on demand for sustainable fashion to keep growing. The start-up handles the entire sales process from picking up the goods from sellers’ homes, to photographing, selling and shipping. The expansion will take its number of markets to 24 after it first launched in 2014 in Sweden. In a statement, Sellpy said second-hand was one of the fastest growing market segments within the fashion industry.
LA Pompa Carniccio P22 Dynamic E P27
At the “Simac Tanning Tech” 2021 in Milan, the Italian company Costruzioni Meccaniche Persico will show the two new models of its famous fleshing pump, the P22 Dynamic and the P27 Dynamic. The new products are equipped with some important innovations, but they obviously keep the main features of the past P22, that is high-quality materials and high-level performances. These two creations, designed after years of hard work combined with the research of perfections and millimetric geometries will lead to a revolution in the fleshing pump sector.
Fashion CEOs Set Sustainability Targets
Leaders from fashion companies including Nike, H&M and Kering outlined priorities for a sustainable industry at this year’s Fashion CEO Agenda, while suppliers urged for the bridging of gaps between words and actions.
Turkish Textile Industry Seeks Post-Covid Partnerships
The Turkish textile industry hopes forge lucrative partnerships with globally recognised brands in a bid to hit the ground running in the post-Covid era.
Mario Hernández presents Azulejo his collection of leather goods inspired by the Caribbean sidewalks
The Mario Hernández company, the important Colombian leather goods brand, presented a collection of bags and wallets for women inspired by the brand’s iconic butterflies and the geometry of the traditional tiles on its sidewalks. These lines are an expression of the particular mixture of cultures that has enriched that country.
Anti-Viral Leather by JBS Couros
Brazilian global leather supplier JBS Couros has launched a new technology on its leather that inactivates the bacteria and viruses that cause COVID-19.