All articles by Vemula Pravalika
Vemula Pravalika
Ecco Leather Introduces Digitalized Leather
Ecco Leather has unveiled a groundbreaking solution to revolutionize the design process for creators. Termed Digitalized Leathers, this innovative digital format marks a significant advancement in leather exploration, offering what Ecco describes as a paradigm shift in the industry.
Hermès Posts Record €13.4 Billion Revenues for 2023, Reflecting 15.7% Year-on-Year Growth
Luxury conglomerate Hermès unveiled its comprehensive financial report for the fiscal year 2023 on February 9th, revealing a surge in revenues to €13.4 billion, marking a substantial 15.7% increase compared to the previous year.
Deckers Brands Reports Strong Third Quarter Fiscal 2024 Financial Results
Deckers Brands, a prominent player in the industry renowned for its inventive footwear, apparel, and accessories, has unveiled its financial performance for the third fiscal quarter concluding on December 31, 2023. Alongside this disclosure, the company has also furnished insights into its projected financial trajectory for the entire fiscal year, slated to conclude on March 31, 2024.
Stahl expands ZDHC level 3-certified portfolio
Stahl, the world leader in speciality coatings and treatments for flexible substrates, has achieved Zero Discharge of Hazardous Chemicals (ZDHC) MRSL 3.1 Gateway certification for 2,151 products in its portfolio. This achievement underlines Stahl’s ongoing commitment to the ZDHC mission of achieving the highest standards for sustainable chemical management.
Macy’s, Inc. Rejects Unsolicited Proposal from Arkhouse and Brigade
Macy’s has officially acknowledged the receipt of an unsolicited, non-binding proposal from Arkhouse Management Co. LP and Brigade Capital Management, LP on 1 December 2023. The proposal suggests acquiring all outstanding shares of Macy’s at a price of $21.00 per share in cash. The Macy’s, Inc. Board of Directors has critically assessed this non-binding proposal and has determined that it does not constitute sufficient grounds to enter into a non-disclosure agreement or disclose any due diligence information to Arkhouse and Brigade.
EU Cracks Down on Greenwashing and Misleading Environmental Claims
Parliament has granted final approval to a directive aimed at enhancing product labelling standards and prohibiting the use of deceptive environmental assertions. The directive, which garnered 593 votes in favour, 21 against, and 14 abstentions, is designed to safeguard consumers from deceptive marketing practices and empower them to make more informed purchasing decisions. The EU has expanded its list of proscribed commercial practices to address problematic marketing behaviours such as greenwashing and the premature obsolescence of products.
Ambiente exhibitors offer solutions for the international contract business
Frankfurt am Main, January 2024. Ambiente will once again be the global meeting place for contract business from 26 to 30 January 2024. From hospitality to office, trade buyers can look forward to many renowned specialised exhibitors – these are marked with the Special Interest Contract Business. The contract business guide on display at the exhibition centre as well as the online exhibitor search provide additional orientation and point the way to suitable business partners.
Stahl takes next step in strategic journey with refreshed visual brand identity
Stahl, the world leader in speciality coatings and treatments for flexible substrates, proudly announces the launch of its new visual brand identity, marking an important step in Stahl’s strategic journey.
Interhides Expands Footprint in Leather Industry through Strategic Asset Purchase Agreement with Wolverine World Wide
Interhides Public Company Limited recently announced that it entered into an Asset Purchase Agreement with Wolverine World Wide. Simultaneously, Interhides will undergo the transfer of its Business Unit in the Leather division. The primary objective behind this strategic move is to enhance business potential and fortify its position in the production and distribution of leather for the shoe industry. The transaction is anticipated to conclude by January 2024.
CoupangElevates Global Retail Dominance with Strategic Acquisition of Farfetch Holding
Coupang, Inc., a prominent global retailer, recently unveiled its strategic acquisition plan for the business and assets of Farfetch Holdings plc, a top-tier online luxury company. With this move, Coupang is poised to emerge as a frontrunner in the expansive $400 billion global personal luxury goods segment.