S&V Weekly Newsletter Vol.3 No.33, August 21, 2017
This Newsletter is sponsored by SAFLIA
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Sutherland deal falls through - company to be liquidated
Pietermaritzburg (SA) – The business rescue plan (BRP) for Sutherland Tannery (Pty) Ltd, involving the sale of the business to an Italian company, has fallen through, and business rescue practitioner Neil Button of Stowell & Co said he would apply for liquidation of the company this week.
Bella Leather opens warehouse
Office shines in Truworths results
Cape Town (SA) – The Truworths Group opened 10 Office London footwear stores in SA as a pilot programme this month, according to the annual report published last Thursday. Office is the UK-based footwear retailer which the group bought in 2015. There are 5 stores in Gauteng, 3 in the Western Cape, and 2 in KZN. An online offering will go live next month, with a wider range. Further store roll-outs are planned in 2018.
# Estimated on past performance
* Office cash generated from operating activities since acquisition £50m. - [https://www.truworths.co.za/financial-reports]
Bata brands relaunch: Road show dates
Pinetown (SA) – Bata SA will hold a series of launches for Bubblegummers, North Star, Power and Weinbrenner around the country next week. These brands have been absent from SA for long periods.
Johannesburg (SA) - Joel Finn joined The Character Group from Footwear Trading in June.
They Said It
"I have more shoes in my cupboard than my girlfriend does." - Cape Union Mart footwear director Kennith Barlow.
October 14: Cobblers' Luncheon, Goodwood Sports Club, Cape Town. Voden Wearne, +27 (0)21 551 4032, Voden.Wearne@apeco.co.za.
Birthdays this week
21/08/1949: Brian Pollock, retired, formerly Jordan Shoes, Cape Town.
In Memoriam this week
21/08/????: Edward Jones-Davies (b. 10/06/1925), BUSM [closed], Port Elizabeth.
Do you have any names you’d like to add to our list of birthdays and In Memoriam? Please send the details.
ABSA Agri Trends 18/08: Hides & skins prices
The average bovine hide price over the past week was R13.70/kg green. Hide prices are determined by the average of RMAA and independent companies. The average price for Dorper skins was R43.18/skin and Merino was R98.96/skin.
Trade Fair dates
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
Seeking African agencies for N America
Don and Sel is a Manufacturers' Representative based in Atlanta, Georgia, USA. Founded by Zimbabwean-born leather purist, Tinashe Mandirahwe, who is well aware of the types of footwear, leather and leather goods in Africa especially Southern Africa. We seek to represent select companies that would like to penetrate the USA and Canada markets. Being positioned in Atlanta gives us a good edge. Atlanta has been seeing growth in almost all areas of the economy - logistics, service, real estate and film industries. Georgia has also been ranked the top state in the nation to do business. Let us explore the possibilities together. We are commission based. Contact Tinashe at DonAndSel@consultant.com / +1-678-431-9626
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: August 28, 2017.