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- Indian Leather & Footwear Exports Up 25% to $5.7 Billion in 2024-25 May Cross $6.5 Billion in FY26 Says CLE
Indian Leather & Footwear Exports Up 25% to $5.7 Billion in 2024-25 May Cross $6.5 Billion in FY26 Says CLE
Kazakhstan Approves Removal of Export Duties on Hides for Three Years | Indian Cricketer Virat Kohli Walks Away from Rs 300 Crore Puma Deal to Back Homegrown Brand Agilitas & more
Arshad Leathernews.org
April 27, 2025
Good morning & Welcome to our weekly newsletter! Here, we bring you the entire week's news, insights, market research, analysis, expert insights & facts from the global "leather, footwear, and leather goods" industry.
In a simplified and easy-to-understand manner, saving you time while keeping you informed & updated under 5 minutes every Sunday at 11am.
In case you missed it, here’s a look at what happened in the Global Leather, Footwear & Leather Goods Industry last week.
LEATHER INDUSTRY NEWS
India’s leather and footwear exports hit USD 5.7 Billion in 2024-25, growing nearly 25%. CLE expects it to cross USD 6.5 Billion in FY26. With strong US & UK demand, the sector eyes a USD 39 Billion turnover by 2030.
“From April 14-15, the situation is normal. We have suggested ‘zero-for-zero’ duty to the government in the proposed bilateral trade agreement with the US”
UNIDO’s LISEC project leader urges better public-private partnerships to unlock the leather industry's full potential. Plans include cleaner tech, support for women-led businesses, and future leather parks!
Paycueros in Uruguay laid off 50 workers, breaking promises to delay. 130 more were placed on unemployment, sparking a rotating strike with no end date. Tensions rise as unions demand action and a rally is planned this week.
Kazakhstan has scrapped export duties on hides and wool for 3 years to boost farmers and open new global markets. Earlier, duties were 200€/tonne for hides and 10% for wool. The govt will monitor the market closely.
FOOTWEAR INDUSTRY NEWS
Indian Cricketer Virat Kohli Walks Away from Rs 300 Crore Puma Deal to Back Homegrown Brand Agilitas
Virat Kohli ends his 8-year Puma deal (₹300 Cr offer rejected!) to invest in Agilitas, led by ex-Puma MD Abhishek Ganguly. Kohli will co-create, design, and grow One8 globally with Agilitas! Big moves ahead for Indian sportswear.
Arthur Hoeld, ex-Adidas exec, becomes PUMA's new CEO on July 1, 2025! Matthias Bäumer promoted to CCO. A fresh leadership team is ready to drive PUMA’s next chapter of growth and innovation. Exciting times ahead!
LEATHER GOODS INDUSTRY NEWS
Kering's Q1 2025 revenue dropped 14% to €3.9 Billion, with major dips in Asia-Pacific (-25%) and Western Europe/North America (-13%). Gucci saw a 24% drop, while Bottega Veneta grew 4%. Kering closed 25 stores and is focused on weathering macroeconomic challenges.
Hermès is opening a new leather workshop in Normandy, France, set to employ 260 artisans by 2028. This will be their tenth leather facility, supporting the brand's growing demand for luxury goods and reinforcing its commitment to craftsmanship.
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Written & Published by Arshad | Leathernews.org
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