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S&V Weekly Newsletter Vol.4 No.37, September 17, 2018

This Newsletter is sponsored by SAFLIA

Please note: Click on any ad to go to the advertiser’s website

 

Chic: Queries over equipment list

Cape Town (SA) – Prospective buyers of Chic Shoes' equipment, which goes on auction on October 9, have said they are 'surprised' at the lack of high tech machinery on the list sent to them by the liquidator.
       A KZN-based manufacturer, who didn't want to be named, said he had expected to find a cutting table on the list, and he said much of the equipment was clearly very old.
       People who knew the factory gave conflicting responses.
       Freelance designer Frank Tonks, who was working with Chic, confirmed that it had been "waiting for years" for a cutting table, but didn't have one.
       Mogamat Ariefdien, managing member of Global Shu Machinery, which supplied Chic with accessories, said the list "couldn't be all that was in the factory", and that most of the listed machinery was old. He said a skimming machine, used to smooth cutting boards, was not on the list. He knew of the machine because he had serviced Chic's cutting boards before they bought it. He said he had taken back cutting boards he had supplied, but that he had then passed Chic a credit.
       Eckie Schumann, managing member of Shoetech Engineering, which supplied Chic with a number of machines, said a heat setter, costing around R160 000, and which had been installed about 2 months before Chic closed, was not on the list.
       Gunnar Halbich, director of Paul Moeller & Co and head of its Western Cape branch, said Chic's core business was pumps, and that it had not had much expensive machinery.
       However JJ Oosthuysen of GO-Hi Consulting, the turnaround practitioner who was working with Chic up until the decision to liquidate, said the list wasn't comprehensive. "Yes, I agree, very little of the factory plant/equipment is listed in this asset list. Maybe the liquidator sold these off to people along the way.  A few machines were on loan from other factories and suppliers, but these were a single machine here and there. The IDC had security over the building and equipment, maybe this is excluded. You can call the liquidator and check with him."
       Joint liquidator Jochen Eckhoff of Summit Trust had not responded at the time of writing.
       The Industrial Development Corporation (IDC) invested heavily in Chic, and is the major creditor, owed R70 million. Dineo Skwambane, head of the IDC's textile & clothing SBU, was out of the office last week.

 

 

Tanning 'revolution' claim

Netherlands-based tannery ECCO Leather says it has perfected a new tanning process minimising the use of water. High water use and substantial effluent generation are the major problems facing tanneries globally. In a release last Wednesday, ECCO said:
       "The history of the tanning industry goes back 10,000 years – and the process was always thought to be impossible without the use of large amounts of  water. ECCO Leather’s new DriTan technology breaks the paradigm and is now set to revolutionise the entire leather industry. DriTan by ECCO Leather is one of more steps in the tanning process, and it uses the moisture already present in the hides. The result is indistinguishable from traditionally tanned leather in terms of quality, characteristics, stability and lead-time. Besides saving huge amounts of water, the technology also considerably minimises the discharge of waste water and the use of chemicals. At its tannery in the Netherlands alone, ECCO Leather will eliminate 600 tons of sludge per year, translating into 40 truckloads of sludge deposited in landfills per year."

 

 

Compagnie Financière Richemont SA is a Swiss-based holding company founded by SA businessman Johann Rupert. He is chairman of the company. This report is from Reuters.

Richemont sells luxury leather bagmaker Lancel to Piquadro

Zurich (Reuters) – Richemont (CFR.S) has completed the sale of its struggling French leather bag maker Lancel to Italian high-end briefcase maker Piquadro (PQ.MI) in a profit share deal, the luxury goods maker said on Monday.
Richemont, the owner of Cartier jewellery as well as watch brands including Piaget and IWC, said the deal would have no material impact on its balance sheet, cash flow or results for year ending 31 March 2019.
       Under the arrangement Richemont will get a share of the profits earned by Lancel over the next 10 years, up to a maximum of 35 million euros.
       The deal is the latest by Richemont, which has been reshaping parts of its portfolio in recent months, to move out of so-called soft luxury areas like fashion and increase its presence in the online sector.
       “The disposal of Lancel makes sense,” said Jon Cox, an analyst at Kepler Cheuvreux. “Richemont couldn’t get it to work.”        On Friday, Richemont said it was buying Watchfinder.co.uk, an online platform for pre-owned watches.        The company has also completed the take of Yoox Net-a-Porter YNAP.MI, the online fashion retailer it originally spun off in 2015.        Richemont had been in talks with Bologna-based Piquadro since March to sell Lancel, which was founded in 1876, but has struggled in recent years.        For the fiscal year ended March 31, Lancel made a loss of 23 million euros from sales of around 53 million euros, Piquadro said.        Still, Piquadro Chief Executive Marco Palmieri contends the brand offered “great potential for growth.” - https://www.reuters.com

 

 

Movements

Johannesburg (SA) – Former Selective International Footwear sales manager Ruan Prinsloo joined 360° Industries in July. He has been replaced by Albie Alberts. Dave Murphy has also joined the company as a sales rep from Neptun Boot. Selective imports the Kaliber range of safety footwear.

 

They Said It

"If you are going to add other details to your magazine, can you add the following: Opened on 23rd November 1969, to current [date]." - Hetesh and Vinay Daya, directors of Durban independent retailer Daya & Sons Tailors & Outfitters. How's that for all those predicting the end of independent retailers?

"There is more of me around......much, much more - you haven't seen me for a while." - Beverley Phillips, retired former Bata SA PA to company managers, who was quoted in last week's newsletter. I had thanked her, saying if there were more [people] like her around, my life would be much easier.

"I didn't see it because on that day I had to sneak out of home to practice on a guitar and learn the words of a song..." - Thus began a long, complicated and very romantic explanation by Sew Solutions MD Rabin Nagesar as to why he hadn't seen and responded to an email. And the guitar? He took his wife for a surprise weekend away to mark 2 anniversaries - the 29th of their wedding and the 30th of their meeting - during which he serenaded her with her current favourite song. I can imagine many female readers looking long and hard at their partners and saying "Why didn't YOU think of that..."

 

Exchange rates

Source: http://www.x-rates.com/calculator/

 
  Euro € GBP £ US $ Yuan Renminbi ¥
11/12/2017 R15.82 R17.99 R13.40 R2.03
05/01/2018 R14.86 R16.69 R12.33 R1.90
13/01/2018 R15.14 R17.03 R12.41 R1.92
22/01/2018 R14.76 R16.75 R12.08 R1.88
26/01/2018 R14.74 R16.79 R11.86 R1.87
05/02/2018 R14.96 R16.89 R12.02 R1.91
12/02/2018 R14.64 R16.51 R11.95 R1.88
16/02/2018 R14.43 R16.30 R11.63 R1.83
23/02/2018 R14.19 R16.12 R11.54 R1.82
05/03/2018 R14.60 R16.39 R11.85 R1.86
12/03/2018 R14.58 R16.43 R11.82 R1.86
16/03/2018 R14.72 R16.70 R11.97 R1.89
23/03/2018 R14.53 R16.60 R11.75 R1.86
03/03/2018 R14.58 R16.62 R11.83 R1.88
11/04/2018 R14.75 R16.91 R11.93 R1.90
16/04/2018 R14.89 R17.23 R12.04 R1.91
23/04/2018 R14.99 R17.11 R12.27 R1.94
30/04/2018 R15.06 R17.16 R12.47 R1.96
07/05/2018 R14.96 R16.98 R12.55 R1.97
14/05/2018 R14.60 R16.54 R12.21 R1.92
22/05/2018 R14.84 R16.92 R12.61 R1.97
28/05/2018 R14.47 R16.55 R12.43 R1.94
04/06/2018 R14.70 R16.78 R12.54 R1.95
11/06/2018 R15.46 R17.55 R13.10 R2.04
18/06/2018 R15.63 R17.83 R13.45 R2.09
25/06/2018 R15.89 R18.05 R13.60 R2.07
02/07/2018 R16.10 R18.18 R13.87 R2.08
09/07/2018 R15.79 R17.90 R13.41 R2.02
16/07/2018 R15.45 R17.50 R13.19 R1.97
23/07/2018 R15.82 R17.72 R13.52 R1.99
28/07/2018 R15.36 R17.26 R13.17 R1.93
04/08/2018 R15.40 R17.31 R13.31 R1.94
11/08/2018 R16.11 R18.02 R14.11 R2.06
18/08/2018 R16.75 R18.67 R14.64 R2.13
25/08/2018 R16.56 R18.29 R14.23 R2.09
01/09/2018 R17.09 R19.07 R14.72 R2.15
08/09/2018 R17.64 R19.71 R15.26 R2.23
15/09/2018 R17.37 R19.54 R14.94 R2.17

 

 

 

17/09/1944: Avril Goldstein, Daisy Roots, Balfour Park.
19/09/1976: Harunur Rashid Rubel, Splendour Investments Ltd, Manzini, Swaziland.
19/09/1976: Shahid Koor, Urban Mania, Cape Town.
20/09/1947: Patrick ‘Chicken’ Price, agent, Durban.
21/09/19??: Renate du Rand, Ghia 33 Shoes & Accessories, Knysna.
21/09/1972: Nicholas Gordon, Turbek Trading, Johannesburg.
22/09/1938: Peter Broughton, Nicole Footwear, Durban.
22/09/1972: Martin Dedekind, Hlungwana Trading Store, Paulpietersburg.
23/09/1945: Devan Nayager, Shoe Africa, Durban.
23/09/1951: Grant Fraser, Claw Boot, Johannesburg.
23/09/1972: John Volkwyn, Watson Shoes, Great Brak River.

 

In Memoriam this week

18/09/1992: Wally Barkus, agent, Durban.
18/09/2012: Jimmy Andresen (b. 02/06/1947), agent, Johannesburg.
18/09/2000: Marthinus Philipus ‘MP’ Theunissen (b. 09/06/1919), Chemical Specialities/Clariant, Durban.
20/09/1998: PW (Pat) Singh, Palm Footwear, Durban.
21/09/1997: Ronnie Venter, agent.
22/09/2005: Simon Power (b. 10/07/1950), Mister Mover, Pinetown.
23/09/2005: Tony Mossop (b. 30/06/1942), Mossop-Western Leathers, Wellington.

Have you let us know about your birthday, or the birthdays of your colleagues? Our readers love this section, so please become part of it. This also applies to the In Memoriam section. Help us remember former colleagues.

 

ABSA Agri Trends 14/09: Hides & skins prices

The average hide price over the past week was R4.65/kg green. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. The average price for Dorper skins was R30.00, and for Merino skins was R99.36.

Hide & skin price progression
Date Hides/Kg Dorper/Skin Merino Skin
19/01 15.34 45.56 81.38
24/01 15.17 40.92 89.52
31/01 15.10 46.00 94.55
14/02 14.65 47.33 95.29
15/03 14.25 39.30 78.75
24/03 14.13 45.27 94.45
28/03 14.07 45.27 94.45
04/04 14.83 41.92 87.58
11/04 14.68 41.92 84.12
19/04 14.77 43.85 92.32
25/04 14.75 41.25 92.27
04/05 14.79 43.33 92.69
10/05 14.75 40.50 88.41
16/05 14.58 40.83 90.96
31/05 14.62 40.50 87.95
09/06 14.58 41.82 96.35
23/06 14.40 40.42 101.25
29/06 14.30 41.36 98.44
07/07 14.33 43.33 100.94
13/07 14.37 44.44 114.58
28/07 14.14 43.64 97.50
04/08 14.16 43.69 99.64
14/08 14.08 38.99 92.75
18/08 13.70 43.18 98.96
25/08 13.93 43.75 100.96
01/09 13.14 44.09 101.25
08/09 12.88 41.82 100.83
21/09 12.64    
03/10 12.50    
11/10 12.52    
20/10 12.23 39.30 110.23
27/10 12.12 37.30 94.32
02/11 12.19    
10/11 12.24 37.00 101.75
30/11 11.82 32.56 94.25
07/12 11.76 35.50 92.50
14/12 11.53 35.50 91.86
02/02 10.39 32.50 92.22
09/02 10.17 33.13 91.27
16/02 9.94 32.50 88.26
16/02 9.94 32.50 88.26
16/03 9.62 33.75 90.50
23/03 9.56 32.22 87.63
06/04 8.86 36.67 82.50
13/04 8.98 35.00 81.25
23/04 8.40 35.13 86.00
26/04 8.18 34.13 86.11
07/05 7.89 33.33 83.13
18/05 7.71 33.50 82.22
25/05 7.78 31.38 86.06
01/06 7.74 30.71 95.89
08/06 7.43 31.67 87.50
15/06 7.67 32.11 87.40
22/06 7.60 32.50 86.70
29/06 7.13 32.78 86.50
06/07 7.04 32.14 86.67
27/07 5.85 40.56 96.83
10/08 5.32 34.44 87.10
23/08 5.34 36.00 91.00
07/08 4.61 35.45 95.18

 

For a list of local and international trade fairs covering footwear, leather goods, leather and PPE, visit our website: http://www.svmag.co.za/events.php

  


Classified Adverts

 




Sales Rep wanted for Western Cape

To cover Cape Town, north up to Vredendal, the central Cape to Beaufort West, and the Garden Route to Plettenburg Bay. You will carry the Angels range of ladies' comfort footwear.
Send your CV to Jeff Bodill, corvari@telkomsa.net.




Position sought

Devrajah 'Teddy' Moodley, former pattern room manager at Froggie and with 31 years experience, seeks a position in footwear manufacturing. He has a vast knowledge in the shoe Industry. - 083 280 6915, moodleyteddy8@gmail.com




In need of a boardroom?

SAFLEC, situated at 6 Stedman Mews, 128 Jan Hofmeyr Road, Westville, has a boardroom for hire.
       It seats up to 12 people around a table, and has space to add up to 15 more chairs in the room. You are welcome to view the room before hiring.
       For more information, please contact Louise on 031 266 1473 or louise@saflec.co.za.
We look forward to being of service.




  

Contact us

News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za

Next newsletter: September 24, 2018.

SAFLIA enquiries: Tel 0800SAFLIA * Email info@saflia.co.za * Website http://www.saflia.co.za

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