- In October 2022, LVMH further strengthened its footprint in Italy by inaugurating new production facilities for Fendi and Bulgari. Despite escalating costs, the company remains steadfast in its substantial investments in Italian manufacturing, underscoring its dedication to maintaining the highest standards of quality and craftsmanship in one of the world’s foremost fashion hubs. This strategic expansion highlights LVMH's continued commitment to premium leather goods production, particularly in Italy, renowned for its leather craftsmanship
- In October 2022, Prada, a leading name in luxury fashion, officially opened a state-of-the-art facility near Sibiu, Romania, focused on producing components for its leather goods. Managed by Hipic Prod Impex, now integrated into the Prada group, the 31,000-square-foot factory, located in the West Industrial Zone of Sibiu, highlights Prada's strategic move to enhance its production capabilities and streamline its manufacturing processes. This expansion reflects Prada's commitment to maintaining the highest standards in leather craftsmanship while optimizing its production processes
- In April 2022, Tapestry, Inc., the New York-based luxury accessories and lifestyle conglomerate encompassing Coach, Kate Spade, and Stuart Weitzman, entered into a strategic partnership with the World Wildlife Fund (WWF). This collaboration, supported by a philanthropic grant of USD 3 million from the Tapestry Foundation, is focused on driving sustainability within Brazil's leather industry. The initiative aims to develop an innovative traceability system that fosters social and environmental justice, thereby supporting responsible practices within the sector. This partnership highlights Tapestry’s commitment to promoting sustainability and ethical sourcing practices within the leather goods industry
- In January 2022, Thrasio-style Mensa Brands announced the acquisition of Estalon, aiming to meet the increasing demand for leather products. The acquisition is designed to expand Mensa Brands' footprint, leveraging Estalon's expertise in data-driven insights, digital marketing, and operational efficiencies. This acquisition underscores Mensa Brands' strategic move to enhance its presence in the competitive leather goods market. By integrating Estalon’s capabilities in digital marketing and operational optimization, Mensa Brands is well-positioned to address the growing consumer demand for high-quality leather products
- In October 2021, Roots unveiled a collection of limited-edition leather jackets and handbags in collaboration with Révolutionnaire. This exclusive collection emphasizes inclusivity and social justice, aiming to appeal to a broader consumer base. This collaboration highlights Roots' commitment to both social responsibility and expanding its market reach within the global leather industry
