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This Week's News from the Global Leather Industry by Leathernews.org
LVMH Backed Masoni Acquires Minority Stake in Split Suede Specialist Hashtag Tannery | Uruguay Leather Exports Fall 19% to $35 Million in H1 2026 | Ivan Kral Retires After 40 Years of Service to the Global Leather Industry & more...
Arshad Leathernews.org
August 02, 2026
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Instead of a traditional single factory model, Iskefe Leather operates a specialised production ecosystem where each manufacturing facility is dedicated to a specific product family. Combined with integrated raw material management, this approach strengthens quality control, manufacturing efficiency and operational flexibility across the business.
Your 5-Minute Brief on This Week's Global Leather & Allied Industry News
Good morning and welcome to the 113th edition of The Weekly Roundup Newsletter by Leathernews.org
Every Sunday at 11 am, we bring you the entire week's most important news, insights, trade data and developments from the global leather and allied industries in a simple, easy to read format, helping you stay informed in under 5 minutes.
The move marks Masoni's second minority stake acquisition in a Tuscan tannery, following its investment in Ulivieri & Nardi in 2022.
Despite a weaker first half, June export figures suggest Uruguay's leather sector regained momentum during the month.
The financing can be used for a wide range of activities, including the construction and expansion of tanneries and leather goods factories, installation of new machinery, development of cold storage facilities for hides and skins and modernisation of existing production facilities.
The long delayed Ramaipur Mega Leather Cluster project has received fresh momentum after the Uttar Pradesh Chief Minister’s Office handed responsibility for the project to Uttar Pradesh State Industrial Development Authority (UPSIDA).
The 100 acre industrial park is one of Kenya’s flagship projects under the government’s Bottom Up Economic Transformation Agenda (BETA).
Ivan Kral, Industrial Development Officer at UNIDO, has announced his retirement after 40 years of service to the global leather industry, concluding a career dedicated to leather technology, sustainability and industrial development.
Fashion & Leather Goods division generated €6.20 billion in recurring operating profit, a 7% decline compared to €6.64 billion in H1 2025.
The Leather Goods and Saddlery division, Hermes largest business accounting for about 46% of total business, recorded €3.76 billion in revenue and 10% sales growth during the first half of the year, with momentum accelerating in the second quarter.
Fashion & Leather Goods division recorded €2.95 billion in revenue during Q2, down 1% as reported but flat on a comparable basis, while recurring operating income from this division reached €828 million in H1 2026
Prada, the group’s flagship brand, continued to deliver steady growth, with retail sales rising 3.3% in the first half. Meanwhile, Versace, which became part of the group earlier this year, contributed €305 million in net revenues during H1 2026.
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Arshad is the Founder & Editor of Leathernews.org, a digital publication established in 2024 that covers news, updates and developments across the global leather & allied industries every day. He is also an engineer specializing in Leather Technology from the Department of Leather Technology, Anna University, housed at CSIR-Central Leather Research Institute (CSIR-CLRI) and currently serves as the Interim Secretary of the A C TECH Association of Leather & Footwear Alumni (ALFA).
He closely tracks trade policy, exports, global sourcing trends and industry developments, with a focus on making complex topics simple, clear and easy to understand for industry professionals.
In 2025, Leathernews.org generated over 2.52 million views across its website, LinkedIn and newsletter and has built a community of more than 17,000 followers on LinkedIn. Its top six readership comes from India, China, USA, France, Italy and Brazil (as of July 2026).
Leathernews.org is an Associate Member of Leather Naturally.
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