Lineapelle Expands, Exhibitors Invest but Show Caution

The costs of raw materials still weigh heavily, the Chinese market is not fully reopened, plus Europe seems not to protect sectors like ours," Bacchi continued. Orietta Pelizzari, international adviser for Lineapelle, explained: "Expanding the global leather market to new categories of con...

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Bibliographic Details
Published in:WWD 2023-09, p.14-14
Main Author: Manfredi, Cristina
Format: Article
Language:English
Subjects:
Chief executive officers
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Summary:The costs of raw materials still weigh heavily, the Chinese market is not fully reopened, plus Europe seems not to protect sectors like ours," Bacchi continued. Orietta Pelizzari, international adviser for Lineapelle, explained: "Expanding the global leather market to new categories of consumer goods such as hospitality, real estate, interior design for homes and cars, electronics and private aviation is our goal. "In 2022, we scored a 33 percent increase in sales, with a consolidated turnover of 73 million euros and an EBITDA [earnings before interest, taxes, depreciation and amortization] margin of 11 percent," Iliprandi said.
ISSN:0149-5380