All articles by Staff Writer
Staff Writer
Texworld Apparel Sourcing Paris opens its doors from 1 to 3 July at Paris Expo Porte de Versailles. An overview of global production in the fashion industries in the heart of Paris.
The date is set on the calendars of every European player in the textile and clothing markets: for 3 days, the Apparel Sourcing and Texworld trade shows, with their key sectors Avantex and Leatherworld, will be bringing together at the Paris Expo Porte de Versailles most of the world’s supply for fashion brands, from ready-to-wear to luxury.
Puma makes compostable suede trainer available for sale
Sports company Puma will make a commercial version of its experimental Re:Suede trainer, the Re:Suede 2.0, available for sale, after the company demonstrated it could turn the Re:Suede into compost under tailor-made industrial conditions during a two-year pilot project.
Leather production hardware and software firms agree to deliver integrated solutions
Bauce, an Italian manufacturer of leather production machinery, and Luxembourg-based Hidexe, a provider of cloud-based software-as-a-service (SaaS) technology aimed at the hide and leather industry, have agreed to deliver integrated solutions tailored for large global tanneries.
Stahl’s 2023 ESG Report charts further progress in meeting environmental, social and governance goals
Stahl, a leading provider of speciality coatings and treatments for flexible substrates, has published its 2023 Environmental, Social and Governance (ESG) Report. The report outlines Stahl’s recent progress on its ESG Roadmap to 2030 and the steps the company is taking to live its purpose of Touching lives, for a better world. The report is available now as a fully digital version.
View from the US
US hide prices ended 2023 on a weak note and that is how the new year started as well. Through mid-February when the Lunar New Year holiday began, sellers watched as the market slowly edged a little lower, thanks to poor demand.
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.