S&V Weekly Newsletter Vol.4 No.26, July 2, 2018
This Newsletter is sponsored by SAFLIA
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Long4Life buys Rage
Johannesburg (SA) – Investment holding company Long4Life is to buy Rage Distribution (Pty) Ltd and its 555 stores for R3.9 billion, according to a SENS announcement on June 26.
Footwear sector: No settlement yet
Durban (SA) – The parties to the footwear sector of the National Bargaining Council of the Leather Industry were unable to reach agreement on Thursday last week at a conciliation meeting presided over by a CCMA commissioner.
Bounty to retain Levi's flagship stores
Johannesburg (SA) – Laurence Slotsky of 1721 Distributors would like to clarify that his company has taken over Levi's footwear, not the Levi's retail flagship stores that Bounty Brands will retain.
USAID punts East African shoe industry
The USAID East Africa Trade & Investment Hub represented 9 East African footwear companies at the Fashion Footwear of New York’s “Market Week” in New York last week, according to its newsletter. "The companies’ new collections generated significant interest among retail buyers, leading to 20 potential linkages valued at $1,347,000. All of the companies are based in Kenya or Ethiopia where footwear industries have invested heavily in their leather sector and in their production capabilities, with USAID support."
They Said It
"I 'm semi retired - with a full day job." - Grant Fraser of Claw Boot in response to last week's comment by his son, Mark.
"Do you know something we don’t? I checked this morning and John is still turning up at Little Slipper every morning even at the ripe young age of 70!!!" - Jacky Hay of the Little Slipper Company on our error last week, listing John Ashworth as formerly with the company. Red-faced apologies to all concerned.
02/07/1949: Maria Augusta Craveiro, Goosie’s, Ladybrand.
In Memoriam this week
02/07/1997: Clemente Villani, Villani Shoes, Johannesburg.
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ABSA Agri Trends 29/06: Hides & skins prices
Overall, the hide market sentiment remains bearish, in line with the weak international hide market. Shipments to Italy are expected to be limited as well, weighing on the market. There are also indications of oversupply in South America which further add pressure on the market. The average hide price over the past week was R7.13/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 R32.78, and for Merino skins was R86.50.
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
AGENCIES REQUIRED FOR KWAZULU/NATAL
Experienced well-established agents are seeking additional lines in Apparel and Footwear.
In need of a boardroom?
SAFLEC, situated at 6 Stedman Mews, 128 Jan Hofmeyr Road, Westville, has a boardroom for hire.
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: July 9, 2018.