Prada'S Three Quarter Profit Dropped 44%, Opening Up Cost Reduction Business Mode

Italy

Group Prada said, because sales decline, the company from August to October (Prada fiscal third quarter) profit fell 44%, 2015 will continue to reduce costs, the number of shop plans to reduce.

Hongkong's "occupy China" procession began in September, causing Prada to be in deep trouble in its biggest market Asia Pacific region (38% of sales). Slowing economic growth and China's anti-corruption actions are all consuming.

Cool down.

From August to October, Prada's sales fell 6%, to 792 million euros.

Because of exchange rate changes, sales during the same period fell by 8% over the same period last year.

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The result is unexpected, not only related to external market environment, but also internal factors. "

Donatello Galli, chief financial officer of Prada, told analysts that it is difficult to improve in the short term and can not be predicted for 2015.

The board will discuss cost reduction measures in January, plan to cancel or delay the opening plan for the coming year.

"The market is changing. We need to make adjustments."

For example, he pointed out that competition is becoming increasingly fierce.

In the quarter, Prada's leather goods sales fell by 9%, and the leather products supplied by its MiuMiu brand handbags will adopt a diversified pricing strategy.

The price of the new product is priced from 1000 euros to 1200 euros, and the highest price can be between 2500 euros and 2700 euros.

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Central Leather Research Institute in India has developed a new technology that can produce high quality gelatin (gelatine) from the waste animal skin. At the same time, this technology can also help reduce tannery waste.

High quality gelatin is usually made from collagen, and collagen is mainly extracted from animal bones and pig skin.

Now scientists have successfully extracted collagen from the remaining animal skin of leather making and synthesized gelatin.

These wastes are called trimming wastes, which are usually intercepted from the neck, the ends and the tail of the whole animal skin.

The extracted collagen then synthesized gelatin by hydrolysis (hydrolysis).

Gelatin is widely used in the pharmaceutical industry as a capsule and food industry to produce jelly, ice cream, Boudin, cakes and soups in the concentrate.

Scientists say gelatin can be extracted from various animal skins, including goat, cow, sheep and buffalo.

B Madhan, director of the Research Institute and senior scientist, said that these solid wastes would take a long time to produce industrial gelatin with traditional gelatin, and the gelatin was of low value.

The new technology is to obtain high-quality gelatin by hydrolysis and to produce capsules.

During the tanning process, the use of 1 metric tons of animal skins will probably leave 50 kilograms of trimming waste, and then about 10 kg of gelatin can be produced.

This new technology is not only an alternative technology for producing gelatin, but also can solve the problem of waste disposal from tanning leather.

At present, the Institute is applying for patent for this technology.

P Saravanan, chief scientist of leather making technology, said that India needs about 700 thousand tons of leather every year and more than 10% of its raw materials will become solid waste.

Tanneries are very difficult to deal with these wastes. Now the Institute has solved this problem for them, turning them into treasure.

He also said that if the new technology is used properly, it will also reduce the import of high quality gelatin.

For India, the market potential of high quality gelatin is huge, especially for the pharmaceutical industry.

Since there are not many enterprises producing high quality gelatin in India, they import $5 million gelatin every month.