All articles by Vemula Pravalika
Vemula Pravalika
Extracts from the Hidenet World Reports
Argentina’s market was in flux at the end of 2023 with a new government in place. Raw material prices saw an adjustment with the large currency devaluations that were made at the end of the year. In January, steers were at $0.45 per kilo, cows at $0.35 and heifers at $0.45.
Fashion circularity
Coach, Ellen MacArthur Foundation and the Circular Economy Institute share insights into unlocking the next stages of circularity and moving from supply chains to ‘supply networks’. Rachel Lawler reports.
The long trek back to “normal”
As global uncertainties continue to disrupt the footwear supply chain, industry insiders assess the ongoing challenges faced by the leather and hide sector while cautiously eyeing signs of potential recovery ahead. Vera Dordick reports.
Kering Forecasts 10% Decline in Q1 2024 Revenue, Gucci Sales Hit by 20% Drop
In the face of anticipated challenges, Kering has warned that it expects a decline of approximately 10% in its consolidated revenue for the first quarter of 2024 compared to the same period last year. This estimation primarily stems from a notable sales decrease at Gucci, particularly in the Asia-Pacific region, with Gucci’s comparable revenues expected to plummet by nearly 20% year on year.
View from the US
After several weeks of steady prices, US hide sellers saw steers start to decline in November. The price of heavy Texas steers was weak, with seasonal weights at $24.00 to $25.00. Colorados, on the other hand, dropped by a couple of dollars to sell for $22.00 to $23.00 for 64/66lb selections in late November.
Is it leather?
That’s the big question for any savvy shopper these days, but it’s also the name of a website helping to change the narrative on leather. Vera Dordick reports.
View from the US
Without getting an expected boost from the autumn leather fair period, US hide sellers saw their firmer prices start to weaken in late September. The price of heavy Texas steers began to ease, with seasonal weights slipping to $25.00, which is $2.00 lower than our last report.
The untold story of repair in the age of sustainability
As consumers pivot towards sustainability, the leather repair industry emerges as an unsung hero, championing circularity and giving luxury goods a second life. Vera Dordick reports.
ABS Report: Record Lamb Slaughter and Meat Production Surge in 2023 Signals Booming Livestock Industry Growth in Australia
The Australian Bureau of Statistics (ABS) recently disclosed its quarterly data concerning slaughtered livestock and meat production, unveiling remarkable figures. Notably, there has been a historic surge in lamb production, with a calendar year lamb slaughter totalling 24,909,600 head, setting a new record.
9th Pakistan Mega Leather Show – Post Show Report
We are delighted to share the outcome of the 9th Pakistan Mega Leather Show in consecutive which was held in Lahore International Expo Centre, Lahore (Pakistan) from 26-28TH January’2024 jointly organized by PTA & PFMA representing as Finished Leather (Pakistan Tanners Association – PTA), Leather Footwear (Pakistan Footwear Manufacturers Association – PFMA) alongwith all other stakeholders of Leather Sector of Pakistan such as Leather Garments (Pakistan Leather Garments Manufacturers & Exporters Association – PLGMEA) and Leather Gloves (Pakistan Leather Gloves Manufacturers & Exporters Association – PGMEA) for the exposition of finest quality of Finished Leather of all sorts i.e. Goat/Sheep Skins, Cow/Buff Hides, Leather Footwear, Leather Garments, Leather Gloves and other Leather Products/made-ups with allied Industries of Tanning Chemicals, Tanning & Footwear machineries under one roof.