INTERNATIONAL LEATHER MAKER ILM,newsletter

 

May 20, 2025

Bringing you the top stories and opinion from the leading source for global leather industry news.

Adidas to end use of kangaroo leather May 16, 2025   Adidas will cease production of sports shoes made with kangaroo leather by the end of 2025, the company confirmed during its annual general meeting.

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U.S. hide prices show relief after tariff truce May 16, 2025  This week saw the first improvement for U.S. hide prices after the tariffs drove them down, though bids remain low as business gets done during the grace period.

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Uganda imposes export levy on hides and skins May 19, 2025  Uganda has passed the Hides and Skins Export Duty (Amendment) Bill, 2025, eliminating exemptions that previously allowed some exports without taxation.

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Nissan to cut more than 20,000 jobs after poor 2024 May 15, 2025   Following poor results for fiscal 2024, automotive OEM Nissan will make an additional 11,000 job cuts on top of a previously announced 9,000.

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Brazilian settlement to cut cattle supply from deforested areas May 19, 2025   An agreement between federal prosecutors and Brazil's meatpacking industry is yielding significant progress in reducing deforestation linked to the Amazon, according to new audit data.

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Burberry to cut 1,700 jobs after revenue losses May 15, 2025   Burberry has announced 1,700 potential job cuts following significant financial losses in its 2025 fiscal year results.

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Portuguese footwear sees strong start to 2025 May 16, 2025  The Portuguese footwear industry recorded a strong start to 2025, exporting 20 million pairs of shoes valued at €453 million (US$507 million) in the first quarter, a 4.9% increase in volume and a 5.4% increase in value.

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