NEWS

  • The Race to Control the Luxury Leather Business

    2015-11-22 | www.businessoffashion.com
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      As more fashion labels push into the accessories business, luxury titans like Kering, LVMH and Hermes jockey for control of a leather market in flux.


      Marble altar merchandising, year-long waiting lists, outlandish price points and shop assistants in silk gloves on the surface, the lucrative luxury leather goods business is alive and well.

      The data seems to support this view. According to Exane BNP Paribas, in 2014, the global market for luxury leather accessories grew to represent almost 30 percent of the overall personal luxury goods market, up from 18 percent in 2003. Over the last ten years, the category s success has transformed businesses, invigorated brands and contributed significantly to sustained periods of double-digit revenue growth across entire segments of the luxury industry. Indeed, Bain puts the 2015 global market for luxury leather accessories at 43 billion euros (about $46 billion at current exchange rates).

      But along the way, this boom in business has stretched the supply of luxury-quality leather to breaking point.


      See all article HERE.