What happened this week: Another week has passed and very little happened. Tanners, with the exception of those in the luxury segment, struggle. Leather prices are fixed for the rest of the season, raw material prices are too high since February and energy and production cost have gone up too. What was fine in December is wrong today. Well, this is the view of the tanning industry. The beef industry takes a totally different position. They see the profits of LVMH and other top end brands as well as the premium car manufacturers and feel that they don't get their fair share of the cake. Since there are still a few steps in the supply chain in front of their target and the brands and manufacturers have a totally different opinion about the idea of ‘profit sharing’, the situation is becoming increasingly complicated.

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