All articles by prameela vegi
prameela vegi
Indian Exports See February Decline
India’s trade deficit has widened, as imports rose 6.98% during February. The country’s goods exports declined marginally by 0.25% to $27.67 billion (year-on-year) after increasing for two consecutive months as major commodities, including petroleum, engineering goods, gems & jewellery, ready-made garments and leather produce suffered a set-back.
Volvo to Ditch Leather
Swedish car company Volvo announced that by 2030 it will only sell electric vehicles, which will be produced with leather-free interiors.
Stahl introduces enhanced probiotic degreasing solution
Waalwijk, The Netherlands, March 2, 2021 – Stahl, an active proponent of responsible chemistry, is expanding its range of Proviera® – Probiotics for Leather™ solutions for sustainable leather processing in the beamhouse. The now-launching ProDegreaze™ Plus offers tanners improved degreasing performance combined with real sustainability benefits.
Bottega Veneta Shuts Down Asian Social Media
Bottega Veneta is continuing its vanishing act from social media. Without explanation, the brand shut down its Asian social media accounts. Bottega Veneta’s Weibo account, which had 270,000 followers, along with other social media channels, were abruptly shut down. This follows the brand’s shutdown of all their Western social media channels several months ago.
New Shoe Industry Training Institute for Kanpur
Kanpur’s aspirations to grow as an industrial hub in Uttar Pradesh, has seen it attempt to strengthen multiple production sectors in the Indian city. After the construction of the Leather Mega Cluster started in Ramaipur, the latest development is good news for the city’s shoe industry.
Italian Fashion Industry Leaders Join Forces
A group of Italian fashion industry leaders met yesterday, to discuss the challenges and opportunities facing the industry. On the agenda was how the larger companies could help those smaller and impacted more heavily by the pandemic than themselves.
Paraguay Investing in Textile Sector
The Ministry of Industry and Commerce in Paraguay announced that it will be investing $1.1 million in the manufacturing sector. The investment will benefit the clothing, textiles, and footwear industries, among other areas related to assembly operations.
LWG releases a new version of the Leather Manufacturer Audit Protocol – P7.0
The Leather Working Group’s flagship environmental certification is evolving, with the release of an updated auditing standard for leather manufacturers,…
Indian Leather Sector Pushes For Self-Sufficiency
“The MSME is the backbone of Indian economy. Without MSME, we cannot achieve our goal of self-sufficiency, which is the dream of Prime Minister Narendra Modi,” said Nitin Gadkari, Union Minister for Road Transport & Highways and MSME.
LVMH and Fenty Part Ways
Rihanna’s LVMH-backed fashion house Fenty has closed less than two years after its launch. The luxury conglomerate has pledged to continue supporting Fenty Beauty and Fenty Skin and to back the business-woman’s successful lingerie line Savage X Fenty. This will be done with the help of private equity giant L Catterton, which recently led a $115 million Series B fundraising round for the underwear division of Rihanna’s Fenty empire.