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2 May

Sales of Italian Leather Rise; Concentrate on Interiors

Sales of Italian Leather Rise; Concentrate on Interiors
MILAN — Italy’s leather industry is anticipated to report an increase in turnover of about 7.3 percent in 2022 to 4.5 billion euros, boosted by a 5 to 7 percent increase in sales to the interiors segment, in line with preliminary estimates by UNIC, Italy’s Tanners’ Association. In a document sent to WWD on Tuesday, UNIC said exports of Italian-made leathers to the U.S. rose by 2 percent in 2022 in comparison with 2021, while exports to France led gains, rising 33 percent last yr, followed by Spain, up 25 percent, and Portugal, up 20 percent. Exports to the U.S. were still down 4 percent in comparison with pre-COVID-19 2019 levels. Production volumes of Italian leather fell by 2.6...
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27 Apr

Calvin McDonad’s Pay Continues to Rise as Lululemon Strengthens

Calvin McDonad’s Pay Continues to Rise as Lululemon Strengthens
The spring in Lululemon Athletica Inc.’s step has been good for Calvin McDonald’s paycheck.  The chief executive officer saw his total compensation rise 18.1 percent to $15.7 million last 12 months. Many of the pay got here from stock and option awards that were valued at a complete of $10 million and link the chief’s fortunes to those of shareholders. His salary tallied $1.3 million.  But McDonald also received incentive pay of $4.4 million — 200 percent of his goal and his maximum potential bonus for the 12 months. To hit that mark, Lululemon needed to see revenue of $7.5 billion and operating income of $1.7 billion for the 12 months.  What the energetic brand turned in was adjusted revenues of $8.1 billion with...
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19 Feb

Contained in the Rise of Scandinavian Beauty — Key Brands

Contained in the Rise of Scandinavian Beauty — Key Brands
Contained in the Rise of Scandinavian Beauty Magazine Headline: S-Beauty Rises Call it the hygge effect. Scandinavian beauty is having a moment, and recent brands are percolating. Industry executives say their lure is manifold, from their eco-friendly positioning to minimalist aesthetic. Here, a take a look at some notable entrants. Tiny Associates David Hjalmarsson believes biotech and skin microbiome are game-changers for the sweetness industry. So for the Stockholm-based skincare brand Tiny Associates, he zooms in on those. “We try to make use of as few nature-derived ingredients as possible and campaign for synthetic ingredients, which biotech ingredients could be described as being,” the founder explains. “The storytelling around it's interesting and the sustainability impact of biotech might be significant,” continues Hjalmarsson — who says he’d...
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12 Dec

Why the Oral Care Category Is On the Rise

Why the Oral Care Category Is On the Rise
Getting consumers to commit to oral hygiene isn't any longer like pulling teeth. As a substitute, with work at home causing people to have a look at themselves all day, the smile has grow to be a top priority amongst consumers. The oral care industry — a private care staple that had little crossover with self care — is on the rise, expected to be value greater than $99.78 billion globally by 2030, in line with Precedence Research, with latest brands, brick-and-mortar treatment locations and consumer trends popping up day by day. During a yearlong period, greater than $9.7 billion was spent on oral hygiene within the U.S. with toothpaste, toothbrushes and mouthwash as the highest three products, in line with...
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