Fashion Beats
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CHANEL
DEALS Chanel buys 25% stake in niche Swiss watchmaker MB&F
25 AUGUST 2024 
Chanel has bought a 25% stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house said on Thursday, adding it was part of strategy to increase its presence in watch-making.
MB&F has built a reputation as a maker of small series of watches inspired by retro futuristic and science fiction themes, and as well as animals such as jelly fish and frogs.
The terms of the deal were not disclosed.
Source: REUTERS
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PUMA
NEW PARTNERSHIP PUMA ANNOUNCES BLACKPINK’S ROSÉ AS NEW GLOBAL BRAND AMBASSADOR
17 June 2024 
ROSÉ - BLACKPINK PUMA announced a new partnership with Rosé, a member of one of the best-selling girl groups of all time, South Korean musical quartet BLACKPINK.
Rosé has established herself as a dominant and inspiring force in the K-pop world, as well as a style icon in her own right. Through the partnership, Rosé will bring her vision, voice, and unique insights to PUMA’s global campaigns and storytelling. The Korean-New Zealand K-pop star’s ambassador role will be dedicated to amplifying PUMA’s catalog of iconic silhouettes and supporting the “Rewrite the Classics” program, which celebrates PUMA’s most timeless franchises, bringing them into a new generation.
Rosé says, “I am so excited to join the PUMA family. I cannot wait for my fans to join my next chapter with PUMA.”
Joining PUMA Sportstyle ambassadors who have had a transformative impact including Rihanna, A$AP Rocky, Dua Lipa, and Skepta, Rosé kicks off her partnership wearing the PUMA Palermo, styling the iconic low-top in her very own way. Over the course of the partnership, the K-pop idol will support additional classic franchises in PUMA’s Sportstyle category.
“Rosé’s remarkable influence on music, fashion, and culture globally are such an inspiration. We are thrilled to embark on this journey with her, where she will play a diverse role, leveraging her knowledge and vision to help us redefine our classic space. Her unique perspective will be instrumental in amplifying PUMA’s “Rewrite the Classics” program highlighting franchises like Palermo, Speedcat, amongst others. We are delighted to welcome her to our PUMA family, and we eagerly anticipate the accomplishments we will achieve together,” said Maria Valdes, Chief Product Officer for PUMA.
Loved around the world for her rock star persona, Rosé discovered her interest in music at a young age. Learning to play the piano, and later the guitar, brought out a deep passion for singing, and songwriting. Rosé’s debut album ‘R’ arrived in 2021 with a lead single “On the Ground,” which broke the record for the most-viewed music video in the first 24 hours on YouTube by a solo K-pop artist. Rosé is also the winner of a Hanteo Music Award, and a Mnet Asian Music Award, and boasts the honor of being the first artist to top the Billboard Global 200 as a soloist and as part of a group.
Source: @PUMAsportstyle
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THE ACADEMY
APPOINTMENTS APPOINTMENTS AT THE ADADEMY OF MOTION PICTURE ARTS AND SCIENCES
10 JANUARY 2024 
Teni Melidonian 
MaryJane Partlow The Academy of Motion Picture Arts and Sciences has promoted Teni Melidonian to Chief Oscars Officer and MaryJane Partlow to Executive Vice President, Awards Production and Special Events, Academy CEO Bill Kramer announced today. Melidonian will continue to report directly to Kramer. Partlow will report to Melidonian.
Melidonian will lead strategy, talent relations, special events and production teams for all awards programs and events in this newly created position. She will collaborate closely with the Oscars producers and show host, Disney/ABC, and Academy leadership, including the Board of Governors and its committees, and oversee the teams involved in developing and executing the Oscars for a global viewing audience.
As the lead liaison with Disney/ABC, the Academy’s broadcast distribution partner, Melidonian heads Oscars ad sales, marketing, advertising and synergy strategies supporting audience growth opportunities globally. Partlow will lead the teams in producing all awards special events throughout the Oscars season, including the Governors Awards, Nominations Announcement, Nominees Luncheon, Scientific and Technical Awards, and the Oscars Governors Ball.
“These positions and department are vital to the Academy's evolution and success as we head into our 100th Oscars and beyond,” said Kramer. “Teni is creative and forward-thinking—and her years of Academy experience and strong knowledge of our awards are a huge asset for our organization during this exciting and historic time. She played a critical role in the success of last year’s show. MaryJane is a truly innovative leader, and her prowess in producing top-notch events is exceptional. I am deeply grateful for their strategic partnership and support.”
In 2022, under Kramer's leadership, Melidonian led the newly created Oscars Strategy division, successfully creating a unit working year-round on all awards-related programs. The team also oversees guest and nominee ticketing and seating for awards season events and spearheads member screenings. Melidonian was most recently EVP of Oscars Strategy. She began her Academy career in 2005 as a publicist, advancing to head communications and publicity and overseeing brand strategy and marketing before moving over to lead the Oscars Strategy team. Prior to the Academy, Melidonian worked in Washington, D.C., including for the Embassy of the Republic of Armenia.
Partlow joined the Academy in 2013 and most recently held the position of Senior Vice President, Awards Production and Special Events, contributing significantly to the Academy's marquee events. Prior to joining the Academy, Partlow produced events for Children's Hospital Los Angeles, Emirates airline and several high-profile global philanthropic families.
Source: The Academy
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AESOP
ACQUISITION L'ORÉAL COMPLETED THE ACQUISITION OF DISTINCTIVE LUXURY BEAUTY BRAND, AESOP
22 SEPTEMBER 2023 L'Oréal announced on 3th September that it has completed the acquisition of distinctive luxury beauty brand, Aesop, in accordance with the terms announced on April 3, 2023.
“On behalf of L'Oréal, I am very excited to welcome Aesop to the L'Oréal Groupe family,” said Nicolas Hieronimus, Chief Executive Officer, L'Oréal Groupe. “The Aesop brand, with its unique combination of urbanity, hedonism and undeniable luxury, taps into all of today's ascending currents. We look forward to building on the brand's unique DNA and values, as we unleash its massive growth potential in China and beyond.”
“We are thrilled to have Aesop join the L'Oréal Luxe Division and I look forward to welcoming Michael O'Keeffe and his passionate teams to the L'Oréal family, as we work together to write the next chapter of this iconic brand," said Cyril Chapuy, President, L'Oréal Luxe. "We have great confidence that in time, Aesop will join the L'Oréal 'Billionaire Brands' club and play a significant role in the future growth of the Luxury Division.”
“We are excited to begin this new chapter in the Aesop story. I am confident that L'Oréal is the best partner to take Aesop to the next level,” said Michael O'Keeffe, Chief Executive Officer, Aesop. “With L'Oréal's support and unparalleled expertise, we will continue to grow and innovate, reaching even more people and expanding our brand globally, while staying true to our values, building on our distinctive brand and heritage.”
“Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand's presence across the globe,” said Fabio Barbosa, Chief Executive Officer, Natura &Co. “In its constant striving for excellence, it also enhanced its sustainability practices. We feel immense gratitude and deep respect for its management and teams and will always hold the company close to our hearts. We wish Aesop all the best for the next chapter as part of the L'Oréal Groupe.”
Source: L'Oréal Group
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OLIVER WYMAN
BUSINESS FOCUS SEVERAL LUXURY BRANDS LOWER THEIR PERFORMANCE EXPECTATIONS IN THEIR CHINA BUSINESS
26 JUNE 2022 Oliver Wyman conducted research with 30 executives from companies in the multi-consumer sector found that several luxury brand executives have lowered their expectations for their China business by an average of 25% due to the recurring epidemic and believe that the retaliatory spending in 2021 will not recur and growth expectations for high-end consumer goods and luxury brands in China in 2022 have been lowered by 15 percentage points to 3%, well below the previous 18%, with a further 45% of respondents believing there will be negative growth.
Source: OLIVER WYMAN
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DIOR AND BIRKENSTOCK
DIOR MEN'S FOOTWEAR DIOR AND BIRKENSTOCK JOINT FOOTWEAR COLLECTION TO GO ON SALE
26 JUNE 2022 Dior's Winter 2022 Men's Wear Collection is the first collaboration with the German shoe brand Birkenstock. And with the official announcement that the 'Dior by Birkenstock' co-branded collection will go on sale this month. The collection features two Birkenstock models, the Milano and Tokio, combined with Dior's designs in grey or camel-coloured felt and suede.
Source: DIOR AND BIRKENSTOCK
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KERING GROUP
FINANCIAL GROWTH PROJECTION KERING GROUP DOUBLES SAINT LAURENT'S ANNUAL REVENUE TO €5 BILLION
26 JUNE 2022 During an investor conference held by the Kering Group recently, it was announced that the medium-term goal is to double the annual sales of its brand Saint Laurent to €5 billion and that it planned to increase its EBIT margin to 33% from 28.3% last year. Figures show that under the guidance of CEO Francesca Bellettini and Creative Director Anthony Vaccarello, Saint Laurent's commercial value has continued to rise, with revenues jumping 46% year-on-year to €2.52 billion last year and EBITDA exceeding €700 million, a tenfold increase from 2013. In a recent report, HSBC predicted that Saint Laurent's sales are expected to exceed the €3 billion mark this year.
Source: KERING GROUP
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UNIQLO
PRICE ADJUSTMENTS UNIQLO WILL INCREASE PRICES IN AUTUMN
26 JUNE 2022 Due to numerous factors and the impact of rising transport, labour and material costs, UNIQLO has announced that it will make price adjustments to its Autumn/Winter 2022 collection, increasing the prices of some of its products.
Source: UNIQLO
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ESTÉE LAUDER
NEW DISTRIBUTION CENTRE ESTÉE LAUDER OPENS DISTRIBUTION CENTRE IN SWITZERLAND
26 JUNE 2022 Estée Lauder announced the opening of a new 300,000-square-foot distribution centre in Galgenen, Switzerland to support its global travel retail business. With the liberalisation of global travel restrictions, travel retail has become one of the Group's fastest-growing channels, reaching over 3 billion consumers annually. The Estée Lauder Group expects that the completion of the centre will double its efficiency and enable sustainable growth of the Group's global manufacturing and distribution operations.
Source: ESTÉE LAUDER
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NIKE RUN CLUB APP
RUNNING APP NIKE RUN CLUB APP TO CEASE OPERATIONS IN CHINA
26 JUNE 2022 Nike Run Club, the running app created by Nike, announced that it will cease its operation in mainland China on July 8, and will provide data export service for runners who need it. Some runners have reported that their Garmin devices are no longer able to sync their data properly.
Source: NIKE
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RED LUXURY GROUP
AQUISITION FRENCH JEWELLERY AND WATCH COMPANY RED LUXURY GROUP ANNOUNCED THAT IT HAS ACQUIRED A MAJORITY STAKE IN THE US PERSONALISED JEWELLERY BRAND THE M JEWELERS IN AN UNDISCLOSED DEAL
26 JUNE 2022 The M Jewelers is a celebrity favourite founded in New York in 2013 with revenues of around US$12 million in 2021. Red Luxury Group said its future goal is to accelerate its global expansion and double The M Jewelers' revenues within two years.
Source: RED LUXURY
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GUCCI GAMING ACADEMY
E-GAMES GUCCI LAUNCHES THE FIRST E-GAMING ACADEMY IN THE LUXURY INDUSTRY
26 JUNE 2022 Gucci has recently joined forces with Faceit, a London-based eSports platform founded in 2012 to create the Gucci Gaming Academy, which aims to develop and enhance gamers' professional skills through individual coaching sessions and group activities to nurture young eSports talent, while promoting a healthy competition environment to cope with the competition and associated physical and mental stress faced by gaming professionals.
Source: GUCCI
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CHIARA FERRAGNI
FRAGRANCE CHIARA FERRAGNI CREATE FIRST FRAGRANCE IN 2023
27 APRIL 2022 Chiara Ferragni will launch her first fragrance with fragrance manufacturing distributor Angelini Beauty SpA in 2023. Last November, she launched a make-up collection.
With 28.6 million followers on Instagram, Chiara Ferragni has a wide range of brands under the same name and earned 4.33 million euros last year.
Source: CHIARA FERRAGNI
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DESTREE
FUNDING FASHION BRAND DESTREE HAS RAISED A FUNDING ROUND
27 APRIL 2022 DESTREE recently announced that it closed a Series A round of funding led by Sequoia Capital China, with participation from Beyonce, Rihanna, Reese Witherspoon, Gisele Bundchen and Gabriela Hearst.
The six-year-old DESTREE was cofounded by Géraldine Guyot and Laetitia Lumbroso.
A few months earlier, Alexandre Arnault married Geraldine Guyot in Paris.
Source: DESTREE
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BALENCIAGA
FASHION SHOW BALENCIAGA NEW YORK FASHION SHOW POSTPONED BY A DAY
27 APRIL 2022 Balenciaga will present its Spring/Summer 2023 collection in New York on May 22. The exact venue will be announced by the brand at a later date.
Source: BALENCIAGA
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PRADA
BUSINESS SUSPENSION PRADA CHINA BUSINESS DECLINES
27 APRIL 2022 Affected by coronavirus lockdowns for the last 15 days, Prada has more than 50% of its shops closed in China and operations in Russia have been suspended temporarily. But the Group's performance in the first four months of the year remained strong as the US market outperformed expectations, said Patrizio Bertelli, CEO of Prada.
He added that the Group is considering a dual listing on the Milan Stock Exchange in the future.
Source: PRADA
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CARTIER
PRICES INCREMENT CARTIER MAY RAISE PRICES 3-5%
27 APRIL 2022 Cyrille Vigneron, CEO of Cartier, recently said Cartier will raise prices in a range between 3% and 5% in the coming weeks. A reasonable price increase will partially offset the impact of exchange rate movements of the US dollar and the Chinese currency to the euro, and will also ensure that the brand continues to use high-quality materials such as diamonds, platinum and gold for its products.
Source: BLOOMBERG
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GALLERIES LAFAYETTE
GO LIVE MODE EUROPEAN RETAILERS GO LIVE MODE
27 APRIL 2022 European retailers began selling in live mode, launching live shopping of brands they own through their official websites and social platforms such as Instagram. Galeries Lafayette also saw a six-fold increase in sales revenue through the live mode.
Source: GALLERIES LAFAYETTE
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RUINART
CHAMPAGNE ROSÉ CHAMPAGNE BY RUINART NAMED "SUPREME WORLD CHAMPION"
22 FEBRUARY 2022 Dom Ruinart Rosé 2004 Champagne was named the "Supreme World Champion" at The Champagne & Sparkling Wine World Championships 2021. Dom Ruinart Rosé 2004 Champagne by Ruinart is a champagne brand owned by the LVMH group.
Source: THE CHAMPAGNE & SPARKLING WINE WORLD CHAMPIONSHIPS
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BALMAIN
FASHION BALMAIN CREATIVE DIRECTOR TO PARTNER WITH FASHION ACADEMY TO DEVELOP TALENTS
22 FEBRUARY 2022 Olivier Rousteing, creative director of Balmain Paris announced recently that he will launch an one-year cooperation with Paris Istituto Marangoni which will be opening a course in April this year. Olivier Rousteing will invite students participating in this course to participate in the Balmain fashion show in September.
Source: BALMAIN
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MARKET AND RESEARCH
COSMETICS MARKET THE GLOBAL COSMETICS MARKET WILL CONTINUE TO EXPAND
22 FEBRUARY 2022 Research And Markets recently released their latest report that the global cosmetics market size was valued at USD 307.69 billion in 2020 and is expected to reach USD 463.5 billion in 2027, based on increasing consumer demand for self-care and wellness. Asia-Pacific will be the major cosmetic market.
Source: MARKET AND RESEARCH
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GUCCI
GUCCI GUCCI OPENS VAULT CONCEPT SHOP IN THE METAVERSE
22 FEBRUARY 2022 Gucci announced on Twitter that their brand will open an online concept store - "Gucci Vault" on the virtual land purchased in Sandbox, officially launching the Metaverse, aiming to create a new interactive experience for consumers.
Source: GUCCI
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GROSVENOR
RETAIL THE VACANCY RATE IS JUST 3% IN MAYFAIR AND BELGRAVIAIN LONDON
22 FEBRUARY 2022 London's Mayfair and Belgravia portfolio has a vacancy rate of just 3%, which compares well to the UK average of 14%, according to the latest data from Grosvenor. With about 33 new brands opening retail stores in Mayfair and Belgravia over the past year, mainly benefiting from the flexible adjustment of rent and related policies in the neighbourhood.
Source: GROSVENOR
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DMONSTUDIO
E-COMMERCE WEBSITE DMONSTUDIO E-COMMERCE WEBSITE CEASED OPERATION
22 FEBRUARY 2022 The announcement to consumers on the homepage of ByteDance's newly launched DMOSTUDIO website shows that the website has ceased operations on February 11, 2022, and consumers who have previously purchased goods on the website can continue to enjoy after-sales service.
DMONSTUDIO has millions of customers in more than 100 countries around the world. Countries included among others are United States, Europe, and Middle East with more than 500 new products launched every week.
Source: DMONSTUDIO
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HERMÈS
LUXURY BRANDS HERMÈS HAS BARELY DESTROYED ANY INVENTORY SINCE 2014
10 FEBRUARY 2022 According to a latest report by Floroy, an investment management company, luxury brands are paying more attention to the disposal of unsalable inventory. Hermès has barely destroyed any inventory since 2014 has hardly destroyed any inventory since 2014, and almost all the products of the brand are sold.
Source: FLORNOY -
CHANEL
LUXURY BRANDS CHANEL IS THE MOST POPULAR GIFT BRAND AMONG CHINESE HIGH NET WORTH INDIVIDUALS
10 FEBRUARY 2022 CHANEL replaces APPLE as the best brand for gifting by women and men in China. A report by Hurun Chinese Luxury Consumer Survey 2022 revealed changes and preferences in the lifestyles, consumption habits, and brand perceptions of Chinese high net worth individuals.
Source: HURUN -
ATELIER COLOGNE
FRANGRANCES ATELIER COLOGNE WILL WITHDRAW FROM THE NORTH AMERICAN MARKET
10 FEBRUARY 2022 Atelier Cologne's offline storefront and official website will be closed in March in the USA. The brand said that it is only temporarily closed and will focus more on making more modern and advanced fragrance products.
Source: ATELIER COLOGNE -
LONDON FASHION WEEK
FASHION WEEK FOURTEEN CHINESE DESIGNER BRANDS WILL PARTICIPATE IN THE UPCOMING LONDON FASHION WEEK IN FEBRUARY
10 FEBRUARY 2022 Participating in the London Fashion Week from February 18 to 22 are fourteen Chinese designer brands according to its schedule. The participating designer brands include J E CAI, HUISHAN ZHANG, RAY CHU, YUHAN WAN,、8ON8, FENG CHEN WANG, PRONOUNCE KWK BY KAY KWOK, SHEGUANG HU, JENN LEE, JOHAN KU和 OQLIQ, and MARRKNULL和MITHRIDATE.
Source: LONDON FASHION WEEK -
MISS DIOR
AUCTION SOTHEBY'S PARIS AUCTIONING MISS DIOR GOLD COIN
10 FEBRUARY 2022 Sotheby's is holding a unique auction in Paris on March 2 for a Miss Dior gold coin. It is the first one-off gold coin weighing two-kilogram / 4.4 pounds of gold that the French Mint has ever created. This unique gold coin was created in 2021 by the French Mint, Dior and general minter Joaquin Jimenez. The gold coin's shape is of Miss Dior's first perfume and features Dior symbols such as the star, the half-bow, houndstooth check, and a bouquet of roses. Estimates: €200,000 - €300,000.
Source: SOTHEBY'S -
CHANEL
FASHION CHANEL CRUISE COLLECTION FASHION SHOW WILL BE HELD IN MONACO
10 FEBRUARY 2022 Chanel announced that the 2022/2023 Cruise will be held "live" in Monaco on May 5. Monaco has always been a favourite holiday destination for brand founder Gabrielle Chanel.
Source: CHANEL -
PARIS FASHION WEEK
NEW PARTICPSTION THE ROW TO PARTICIPATE IN PARIS FASHION WEEK
10 FEBRUARY 2022 The organisers of Paris Fashion Week announced that The Row will participate as a new participating brand of the next Paris Fashion Week.
Source: PARIS FASHION WEEK -
WINTER OLMYPICS
GOLD MEDALIST TIFFANY'S AMBASSADOR GU AILING EILEEN WINS WOMEN'S FREE SKI BIG AIR GOLD AT BEIJING WINTER OLYMPICS
10 FEBRUARY 2022 Eighteen years old Chinese-American mixed athlete Gu Ailing Eileen wins free ski big air gold on February 8. It's the first women's winter sports gold for China. Gu Ailing Eileen is also a signed model of IMG. In 2021, she became the global ambassador of Tiffany and has also cooperated with many fashion brands such as Victoria's Secret and Estee Lauder and so on. On December 14 2021, Gu Ailing Eileen announced that she was admitted to Stanford University.
Source: 2022 BEIJING WINTER OLYMPICS -
CAMERA NAZIONALE DELLA MODA ITALIANA
MILAN FASHION WEEK MILAN WOMEN'S FASHION WEEK RESUMES OFFLINE MODE IN FEBRUARY
10 FEBRUARY 2022 Camera Nazionale Della Moda Italiana announced that the Milan Women's Fashion Week, which will be held from 22 to 28 February 2022 will resume offline fashion shows. There will be 71 fashion shows, of which 65 will be offline fashion shows.
Source: CAMERA NAZIONALE DELLA MODA ITALIANA -
LONDON FASHION WEEK
LONDON FASHION WEEK CANCELLATION OF LONDON FASHION WEEK IN JANUARY 2022
15 DECEMBER 2021 The British Fashion Council announced that due to uncertainties arising from COVID-19, the January edition of London Fashion Week has been canceled.
London's men's fashion weeks were held in January and June, while the women's events took place in February and September. But after Covid-19 pandemic disrupted scheduling, the men's and women's events were merged.
In September, London Fashion Week was held as a co-ed, hybrid digital-physical event. February and June events were also held as co-ed, mainly digital showcases.
For 2022, the British Cuncil will hold three co-ed fashion week events with a digital-physical hybrid format from:-
18 - 22 February; 11 - 13 June; and 16 - 20 September.
Source: BRITISH FASHION COUNCIL -
PIERRE HERMÉ
FASHION L'OCCITANE SELLS CONTROLLING INTEREST IN PARISIAN SWEET SHOP PIERRE HERMÉ
15 DECEMBER 2021 Butler Industries, the global industrial investor with offices in Paris, Shanghai, London and Sao Paulo announced that it had acquired an 85% stake in Pierre Hermé from L'Occitane.
Source: L'OCCITANE -
CHANEL
FASHION RESTRICTIONS TO BE IMPOSED ON POPULAR CHANEL HANDBAGS
15 OCTOBER 2021 CHANEL has updated their purchase regulations. From the beginning of October, each customer will only be allowed to purchase one of their Classic Flap Bag and one of their Coco Handle per year. On small leather goods, each customer is only permitted to purchase no more than two of the same product each year.
Chanel has already raised the prices of its most popular products three times this year, yet it is overcrowded with buyers.
Source: CHANEL -
BILL CUNNIGHAM
EXHIBITION 'THE TIMES OF BILL CUNNINGHAM' WILL BE HELD IN NEW YORK
27 AUGUST 2021 The Bill Cunningham Photography Exhibition will be held from September 12th to October 30th at 26 Fulton Street, New York. He recorded the changes and many precious moments in the fashion on the streets of New York with a camera riding on a bicycle.
Source: TIMESOFBILL -
CHANEL
Capital Investment and M & A / Financial Update CHANEL ACQUIRES MAJORITY STAKE IN PAIMA SRL
27 AUGUST 2021 CHANEL officially confirmed the acquisition of a majority stake in the Italian Knit Specialist PAIMA SRL, but did not disclose the specific transaction. PAIMA is the fifth Italian manufacturing company acquired by CHANEL in the past two years.
Chanel stated in an official statement: "Chanel is one of Paima's long-standing clients, and this decision was motivated by converging interests. While Paima has seen its development accelerate in recent years, it seemed appropriate to be able to rely on a solid partner who could help it grow and invest. For Chanel, this partnership aims to support a sector that is essential to its activity and to that of luxury goods as a whole."
Source: CHANEL -
NIKE
COOPERATION SERENA WILLIAMS AND NIKE WILL RELEASE THEIR LATEST COLLABORATION COLLECTION IN SEPTEMBER
23 AUGUST 2021 Serena Williams and Nike Collaboration Collection will be released in September. The two parties cooperated in establishing the Serena Williams Design Crew in 2019 and have also completed their selection of ten young designers (in cooperation with major fashion design schools in the United States ) to start the apprenticeship program.
Source: NIKI -
BILIBILI
VIDEO BILIBILI'S AVERAGE DAILY ACTIVE USERS SURPASSED 65 MILLION
23 AUGUST 2021 Bilibili recently announced that their daily active users of Bilibili had exceeded 65 million. Bilibili has become the third-largest video platform in China. The top two are Tencent Video and iQiyi. More than 70% of fashion content creators in Bilibili are Generation Z users.
Source: BILIBILI -
CONFINDUSTRIA
FASHION MARKET ITALIAN FASHION BRANDS HAVE STRONG POTENTIAL TO BE DEVELOPED IN CHINA
23 AUGUST 2021 According to the latest report issued by Confindustria, China is the greatest potential market among other emerging markets. Italy's fashion industry for home textiles, clothing, leather products, footwear, eyewear, and jewellery in China achieved a total value of 8.6 billion euros. 40% of the growth potential remains to be exploited, approximately 3.9 billion euros.
Source: CONFINDUSTRIA -
CHANEL SPRING COLLECTION
FASHION WEEK CHANEL WILL SHOWCASE THE 2022 EARLY SPRING COLLECTION IN DUBAI
23 AUGUST 2021 CHANEL recently announced that it will be showcasing its 2022 Spring Series in Dubai on November 2nd. The series was first released in May at CARRIÈRES DE LUMIÈRES in southern France. The Middle East consumer market is also an important market for the luxury jewellery industry.
Source: CHANEL -
PATEK PHILIPPE
BRAND PATEK PHILIPPE IS STILL THE MOST WORTHWHILE WATCH BRAND
23 AUGUST 2021 According to WatchPro, amongst the ten most expensive watches in the auction during the first half of 2021, nine of them came from Patek Philippe. And this brand also had the highest transaction volume in the watch auction market.
Source: WATCHPRO -
LVMH
OPENING SAMARITAINE
25 JUN 2021 Samaritaine reopened on June 19th. Present for the inaugural ceremony were French President - Emmanuel Macron, Paris Mayor - Anne Hidalgo and Bernard Arnault - Chairman and Chief Executive Officer of LVMH. Samaritaine location is situated near many tourist attractions along the Seine, and its Art Nouveau facade is close to the Seine River and the Pont Neuf.
Samaritaine was founded by the LVMH Cognacq-Jay family in 1870 during its early days with a history of more than 150 years. In 2001, Samaritaine was acquired by the LVMH Group. Because the building structure was too old, it had to stop operations in 2005. Over the past 16 years, LVMH has spent a total of 750 million euros on repairs.
Jean-Jacques Guiony, Chairman and Chief Executive Officer of the Samaritaine., said that it took five years for the group to persuade the mayor of Paris, five years for obtaining the permit, and another five years for restoration work, but it was worth it.
Source: LVM -
LVMH
ARTIFICIAL INTELLIGENCE LVMH AND GOOGLE CLOUD - STRATEGIC PARTNERSHIP
17 JUN 2021 LVMH and Google Cloud announced to create a strategic partnership to accelerate the innovation and development of new artificial intelligence solutions and to provide a more personalized customer experience through the cooperation of the creativity, assets and technology of the two companies.
Source: LVM -
DIOR
FASHION DIOR'S RELOCATION TO THE CHAMPS ELYSÉES IN PARIS FOR ITS RENOVATION
17 JUN 2021 Dior is relocating its headquarters to an Art Nouveau-style building on the Avenue des Champs-Élysées in Paris while its historic flagship and offices at 30 Avenue Montaigne undergo renovation.
In 1898, the Compagnie des Wagons-Lits company established an Art Nouveau style building here to provide luxury hotels for travellers. It was also the hotel where the famous spy Mata Hari was arrested during the First World War. After 1919, it was occupied by the French Commercial Bank and in 2000 it was owned by the HSBC Group. In October 2019, the HSBC Group sold its headquarters building at 103 Champs Elysées and a building at 15 Vernet Street to Qatari investors.
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SAINT LAURENT - BETTY CATROUX
EVENT SAINT LAURENT - SHANGHAI FASHION EXHIBITION
17 JUN 2021 The Saint Laurent Fashion Exhibition is held at the Shanghai Museum of Contemporary Art from June 18th to August 15th.The exhibition is dedicated to Betty Catroux, muse and female double of Yves Saint Laurent.
Source: MOCA SHANGHAI -
SALVATORE FERRAGAMO
CAPITAL INVESTMENT AND M & A / FINANCIAL UPDATE SALVATORE FERRAGAMO'S FIRST QUARTER REVENUE INCREASED BY 13%
16 MAY 2021 As of the end of March, Salvatore Ferragamo's sales in the first quarter increased by 13% year-on-year to 245 million euros. According to data, Salvatore Ferragamo's business performance in China has grown strongly, driving sales in the entire Asia-Pacific market to increase by 52% year-on-year. At present, the Asia-Pacific region is Salvatore Ferragamo's largest market and is the source of half of the group's revenue.
Source: SALVATORE FERRAGAMO -
LUISAVIAROMA
CAPITAL INVESTMENT AND M & A / FINANCIAL UPDATE LUISAVIAROMA'S SALES SURGED 30% LAST YEAR
16 MAY 2021 Italian luxury e-commerce company LuisaViaRoma said that the group's online sales last year increased by 30% to 190 million euros. In the future, investment in digitalisation will be increased to create a better consumer experience for consumers.
Source: LUISAVIAROMA -
LABOUR HOLIDAYS IN CHINA
CAPITAL INVESTMENT AND M & A / FINANCIAL UPDATE LUXURY CONSUMPTION ACHIEVED STRONG GROWTH DURING LABOUR HOLIDAYS IN CHINA
16 MAY 2021 During the Labour Holidays in China from April 30 to May 4, the total offline consumer sales in Shanghai was 19.65 billion RMB, a year-on-year increase of 30.4%. Luxury goods and cosmetics have increased significantly. Haikou Customs data shows that from May 1 to May 5, the amount of duty-free shopping in the outlying island of Hainan reached 993 million RMB, an increase of 248% year-on-year.
Source: HAIKOU CUSTOMS -
CANADA GOOSE
CAPITAL INVESTMENT AND M & A / FINANCIAL UPDATE CANADA GOOSE'S REVENUE FOR Q4 2021 INCREASED BY 48%
16 MAY 2021 As of March 28, Canada Goose's revenue increased by 48% to C$ 208.8 million, with a net profit of 2.9 million Canadian dollars, exceeding analyst expectations. Canada Goose said that the growth in the fourth quarter's performance was mainly due to the surge in online sales and the strong demand in the China market that promoted the surge in revenue.
Source: CANADA GOOSE -
SAFILO
CAPITAL INVESTMENT AND M & A / FINANCIAL UPDATE SAFILO'S REVENUE FOR Q1 GROWS - 20%
16 MAY 2021 In the first-quarter sales of Italian eyewear manufacturer, Safilo increased by 20% year-on-year to 251.4 million euros. Safilo said that the growth was due to the strong performance of its brands and the growth of the e-commerce business, making it as high as 164%. The financial report also noted that the Safilo sales in China, Australia and the Middle East market are gradually recovering.
Source: SAFILO -
COPENHAGEN FASHION WEEK
COPENHAGEN FASHION WEEK COPENHAGEN FASHION WEEK WILL BE HELD IN AUGUST
16 MAY 2021 The organizers of Copenhagen Fashion Week stated that they will hold a four-day event from August 10th to August 13th, and promised that all offline events will strictly abide by the pandemic prevention rules to ensure the health and safety of exhibitors and visitors.
Source: COPENHAGEN FASHION WEEK -
TOM FORD
NEW YORK FASHION WEEK TOM FORD WILL PARTICIPATE IN NEW YORK FASHION WEEK IN SEPTEMBER
16 MAY 2021 Tom Ford recently said that his brand will participate in New York Fashion Week in September this year, and a new series will be released at that time. Tom Ford had planned to hold a show at New York Fashion Week in February this year, but it was cancelled due to the pandemic.
Source: TOM FORD -
GUCCI
FASHION SHOW GUCCI WILL HOLD A FASHION SHOW IN LOS ANGELES IN NOVEMBER
16 MAY 2021 GUCCI recently announced that creative director Alessandro Michele has decided to hold a fashion show in Los Angeles on 3 November 2021 where a new collection will be released. For Alessandro Michele, Los Angeles is also a city that keeps him constantly inspired.
Source: GUCCI -
LVMH
HR LVMH WILL HOLD AN OFFLINE JOB FAIR IN SHANGHAI
16 MAY 2021 LVMH will hold its first offline public recruitment event in Shanghai towards the end of May for their brands such as Louis Vuitton, Dior, CELINE, Loewe, Fendi, Guerlain, Benefit, Bvlgari and Tiffany and so on. There will be four major categories: fashion and leather goods, perfume and cosmetics, watches and jewellery, and boutique retail. Candidates can apply for multiple brand positions in their job application and the interview. Any elite sales and newcomers who are interested in luxury jewellery can also apply.
Source: LVMH -
SAINT LAURENT
NEW ELEMENT SAINT LAURENT LAUCHES FIRST LIFESTYLE SERIES
18 APRIL 2021 SAINT LAURENT recently launched LIFESTYLE, the brand's first lifestyle collection which includes daily necessities such as coffee cups, skateboards, bath towels and bicycle and so on. The products are designed by creative director Anthony Vaccarello.
Source: SAINT LAURENT -
WATCHES & WONDERS
EXHIBITION WATCHES & WONDERS WATCH HOLDING EXHIBITION IN SHANGHAI
10 APRIL 2021 From April 14th to 18th, WATCHES & WONDERS will hold its exhibition at the Shanghai West Bund Art Center.
Exhibiting Brands include：Cartier, Rolex, Jaeger-LeCoultre, Vacheron Constantin, IWC Schaffhausen, Piaget, A. Lange & Söhne, Chopard, Panerai, Ulysse Nardin, Roger Dubuis, Montblanc, Tudor, Baume & Mercier, H. Moser & Cie., Armin Strom, Arnold & Son, Ferdinand Berthoud, Purnell
According to The Federation Of The Swiss Watch Industry, mainland China is the only market that will achieve global growth against the trend in 2020. In February 2021, Swiss watch exports to mainland China were higher than the same period in 2019.
Source: WATCH & WONDERS -
SK-II STUDIO
STUDIO SK-II ESTABLISHES ITS OWN MOVIE STUDIO
1 APRIL 2021 The high-end skin care brand SK-II establishes its own movie studio - SK-II STUDIO. Due to the multiple pressures faced by today's women, the studio hopes to discuss issues such as the realistic pressures faced by today's women in the form of films. SK-II STUDIO is expected to release 8 movies this year.
Source: SK-II -
GUCCI
FASHION GUCCI WILL VACCINATE MORE THAN 6,000 EMPLOYEES IN ITALY
1 APRIL 2021 GUCCI announced their initiative to join the Italian Industry Association and will gradually open company offices and related office facilities under the license of Italian national and regional health regulations. At the same time, more than 6,000 Italian employees from the retail industry, factories and offices will be vaccinated.
Source: GUCCI -
LORO PIANA
FASHION LORO PIANA WILL DEVELOP THEIR BRAND'S HANDBAG MARKET
1 APRIL 2021 LORO PIANA, a luxury cashmere brand under the LVMH Group recently released a new handbag series, with design styles including clutches, messengers and handbags. Some products are successively available online and the full range of products has been put on shelves in some flagship stores of LORO PIANA in some cities. Their price ranges around 17,000 and 34,000 RMB.
Source: LORO PIANA -
FRED
JEWELLERY FRED WILL ACCELERATE THE EXPANSION OF THE CHINESE MARKET
1 APRIL 2021 LVMH's high-end jewellery brand FRED achieved sales growth last year against the trend. According to financial data, 57% of their revenue came from the Asian market to which the Chinese market accounted for 22% of its revenue. Charles Leung - CEO of FRED, said that FRED plans to add 18 physical stores by 2024 and at the same time rapidly develop their e-commerce.
Source: FRED -
ANTA
JEWELLERY IN 2020, ANTA'S NET PROFIT EXCEEDS ADIDAS
1 APRIL 2021 According to the financial data released by ANTA today, the brand's net profit in 2020 will be 5.162 billion yuan, and the net profit of ADIDAS will be 402.9 billion euros (about 3.314 billion RMB). According to data feedback on the proportion of China's sportswear market share, ANTA is closing the gap with NIKE and ADIDAS. In 2020, ANTA has a market share of 15.4%, NIKE has a market share of 25.6%, and ADIDAS has a market share of 17.4%.
Source: ANTA -
BERNARD ARNAULT
CAPITAL INVESTMENT & M & A / FINANCIAL UPDATE OWNER OF LVMH CREATE NEW COMPANY AS SPAC
19 FEBRUARY 2021 Earlier this week, owner of LVMH - Bernard Arnault team up with Jean Pierre Mustier, former Unicredit chief executive, jointly create a SPAC company called Pegasus Europe, which aims at "innovative" European financial companies and will be listed in Amsterdam.
A special-purpose acquisition company (SPAC) - is an entity that exists solely to list on the stock exchange to raise money, in the hope of finding and merging with a target company to take it public.
Source: FINANCIAL TIMES -
REEBOK
CAPITAL INVESTMENT & M & A / FINANCIAL UPDATE ADIDAS OFFICIALLY LAUNCHED THE PROCESS OF SELLING REEBOK
19 FEBRUARY 2021 German sportswear ADIDAS has announced that it has completed the evaluation of its brand REEBOK and will officially start the sales process as soon as possible. In 2005, ADIDAS purchased REEBOK for a price of 3.1 billion euros. Due to many factors, the current valuation of REEBOK is around 800 million euros.
Source: ADIDAS -
GUCCI BEAUTY
CAPITAL INVESTMENT & M & A / FINANCIAL UPDATE GUCCI COSMETICS SALES IN CHINA INCREASED BY MORE THAN 400%
19 FEBRUARY 2021 The American cosmetics group COTY announced financial data for the second quarter of fiscal 2021. The group's high-end cosmetics business GUCCI and BURBERRY continued to grow in the Chinese market. GUCCI cosmetics sales in China increased by as much as 400%, and BURBERRY cosmetics increased by 48% in China.
Source: COTY -
CANADA GOOSE X ANGEL CHEN
COLLABORATION CANADA GOOSE and DESIGNER ANGEL CHEN LAUNCH A NEW COLLECTION
19 JANUARY 2021 Canada Goose launched a new collection which collaborate with designer Angel Chen on January 15th. The collection sell in Canada Goose WeChat boutiques, Tmall official flagship stores and offline stores. Prices: 4,800 RMB To 14,600 RMB.
Source: CANADA GOOSE -
STEFANEL
CAPITAL INVESTMENT & M & A / FINANCIAL UPDATE FASHION RETAILER OVS GROUP ACQUIRES ITALIAN WOMEN'S CLOTHING BRAND STEFANEL
19 JANUARY 2021 OVS recently announced the acquisition of the STEFANEL trademark and 23 stores operating in Italy for 3.2 million euros. OVS will focus on strengthening STEFANEL's digital sales model. STEFANEL was established in 1959 in Veneto, Italy.
Source: OVS -
DEBENHAMS
STORE DEBENHAMS STORES WILL BE CLOSED SOON
19 JANUARY 2021 DEBENHAMS announced that its flagship store in Oxford Street, London has been closed, and stores in Portsmouth, Staines, Weymouth, Harrogate and Worcester will be closed. DEBENHAMS filed for bankruptcy protection in April last year and sought new buyers.
Source: DEBENHAMS -
LENÔTRE
STORE LENÔTRE OPENED ITS FIRST STORE IN NEW WORLD OF SHANGHAI
19 JANUARY 2021 The legendary French brand - LENÔTRE opened its first store in China in the fashion landmark Xintiandi on this special winter day. The current creative director of LENÔTRE Group GUY KRENZER came to Shanghai to celebrate the opening of the first store in China.
Source: LENÔTRE -
DE BEERS
FINANCE DE BEERS' RECENT SALES GROWTH HAS EXCEEDED 12%
22 NOVEMBER 2020 De Beers Group recently stated that the company's rough diamond sales from November 2 to 16 exceeded 12%, with sales of US$450 million, higher than the US$400 million in the same period last year. Thanks to the arrival of the holiday season and consumer demand for shopping.
Source: DE BEERS -
LVMH
MUSEUM V&A MUSEUM COLLECTION JW ADERSON CARDIGAN
22 NOVEMBER 2020 The V&A Museum in London recently announced the permanent collection of a brightly coloured cardigan, symbolizing the DIY creativity and environmental protection that has developed due to the epidemic lockdown.
Source:V&A MUSEUM -
LVMH
CHARITY BERNARD ARNAULT DONATED €5 MILLION TO FRENCH RESEARCH INSTITUTE OF LILLE
16 OCTOBER 2020 Bernard Arnault, Chairman and Chief Executive Officer of LVMH, donated €5 million to the Pasteur Institute of Lille. The funds are for the treatment of the COVID-19. The location of this institution is also Bernard Arnault's hometown.
"Faced the global pandemic, the scientific discovery of researchers at the Pasteur Institute of Lille raises huge hopes for a cure. It is vital that this research can continue and it is for this purpose that decided to provide support for this phase of clinical trials," said Bernard Arnault.
"I am delighted that the LVMH group is joining our circle of support today with a significant donation that allows us to initiate a new phase in our research against COVID-19. In these difficult times and in the fight we are waging, support is valuable for the foundation's research projects. I would like to salute the commitment of Bernard Arnault, his family and the LVMH group," said Professor Xavier Nasif, General Manager of the Pasteur Institute of Lille.
Source: LVMH & PASTEUR INSTITUTE OF LILLE -
FHCM
FASHION GENERAL ASSEMBLY OF THE HAUTE COUTURE AND FASHION FEDERATION
16 OCTOBER 2020 The Fédération de la Haute Couture et de la Mode has elected its Executive Committee and its Board of Directors for the next two years. Ralph Toledano continues to serve as president, managing the haute couture, women's ready-to-wear and men's wear divisions.
Source: FHCM -
CLARINS
BEAUTY CLARINS OPENING A LABORATORY IN SHANGHAI
19 SEPTEMBER 2020 CLARINS's first laboratory outside of France will be set up in Shanghai. The laboratory will cover an area of about 500 square meters, with advanced instruments inside. The laboratory will integrate consumer research, product evaluation and testing, and new product development and other functions. And it is expected that Chinese traditional medicine and plant ingredients will be added to the products.
Source: CLARINS -
SUPREME X YOHJI YAMAMOTO 2020
FASHION SUPREME X YOHJI YAMAMOTO 2020 JOINT SERIS OFFICIALLY RELEASED
19 SEPTEMBER 2020 SUPREME X YOHJI YAMAMOTO 2020 autumn/winter collection is officially launched and available in New York and Japan today. The collection includes leather jackets, wool suits, down jacket and sweaters, and others, combining Yamamoto Yohji's classic hand-painted patterns with SUPREME's "Game Over" and "This Was Tomorrow".
Source: SUPREME -
APPLE WATCH
WATCH APPLE WATCH SELLS MORE THAN THE ENTIRE SWISS WATCH INDUSTRY
19 SEPTEMBER 2020 According to data from STRATEGY ANALYTICS based on the watch industry report and Apple's financial report, APPLE WATCH shipped 30.7 million units last year, surpassing the Swiss watch industry's shipments of 21.1 million units over the same period. Apple has attracted more and more young consumers in the design and function of the watch in recent years.
Source: STRATEGY ANALYTICS -
VICTORIA'S SECRET
CAPITAL INVESTMENT & M & A / FINANCIAL UPDATE NEXT OFFICIALLY OPERATES VICTORIA'S SECRET UK BUSINESS
19 SEPTEMBER 2020 L BRANDS recently announced that it has reached a cooperation agreement with British fast-fashion group NEXT to establish a joint venture in the UK and to jointly operate Victoria's Secret UK business. NEXT owns 51% of the joint venture, and Victoria's Secret under L BRANDS holds 49%.
Source: L BRANDS -
CHANEL
LUXURY CHANEL'S UPCOMING MÉTIERS D'ART SHOW ON 1 DECEMBER
19 SEPTEMBER 2020 CHANEL's annual Métiers d'Art show will be held on 1 December at Château De Chenonceau. Chanel first began staging of Métiers d' art shows started in 2002 and through this big show highlight CHANEL's luxurious style and superb skills of collection of artisan houses every year.
Source: CHANEL -
CHINA DUTY-FREE
DUTY-FREE HAINAN OFFSHORE DUTY-FREE SALES REACHED THREE BILLION RMB IN AUGUST
19 SEPTEMBER 2020 With the New official of the Hainan Offshore Duty-Free on July 1, 2020, the annual tax-free shopping limit has been increased from 30,000 RMB to 100,000 RMB per person, and the number of duty-free products on the outlying islands has increased from 38 to 45, and a single product is tax-free at 8,000 RMB quota requirement was also cancelled.
According to the statistics of Haikou Customs, in the past two months ending on August 31, the tax-free sales revenue of Hainan Offshore Duty- Free reached 5.58 billion RMB, a year-on-year increase of 222%. Among them, the scale of duty-free sales on Offshore Duty-Free in August was 3.09 billion RMB, a year-on-year increase of 217.6%, and per customer transaction had reached 6,900 RMB, nearly doubled from the end of last year.
In Sanya Duty-Free Store, there are nearly 300 brands settled, covering 45 types of duty-free commodities such as cosmetics, perfumes, clothing and accessories, watches and jewellery, milk powder health products, household appliances, candy and chocolate, including brands favoured by most consumers. Brands include GUERLAIN, HERMES, DIOR, CHANEL, YVES SAINT LAURENT, FRESH, DARPHIN, ESTEE LAUDER, LA MER, LANCOME, OMEGA, CARTIER, PIAGET, IWC, TIFFANY & CO., MAXMARA, BURBERRY, ALEXANDER McQUEEN, EMPORIO ARMANI and other brands.
Source: HAIKO CUSTOMS, CHINA DUTY-FREE GROUP -
UK DUTY-FREE
DUTY-FREE UK'S NEW DUTY-FREE SHOPS AND VAT SERVICES FROM JANUARY 2021
19 SEPTEMBER 2020 Starting from January next year, duty-free shops in major UK airports, ports and Eurostar stations will no longer sell duty-free fashion, beauty and electronic products to travellers from all over the world. Passengers will not be able to enjoy the UK value-added tax (tax refund) concessions. In the future, only tobacco and alcohol products can enjoy the duty-free concessions, and other products will no longer be tax refunded.
The UK government provides the only way to purchase duty-free goods: after passengers purchase duty-free goods in the store, the goods are directly sent by the merchant to your overseas address.
Source: GOV.UK -
LVMH
CAPITAL INVESTMENT & M & A / FINANCIAL UPDATE LVMH INTENDS TO FILE A LAWSUIT AGAINST TIFFANY AS A RESULT OF CRISIS MISMANAGEMENT
11 SEPTEMBER 2020 LVMH was surprised by the lawsuit filed by Tiffany & Co. against the Group in the Court of Chancery of the State of Delaware. LVMH considers that this action is totally unfounded. It has clearly been prepared by Tiffany a long time ago and communicated in a misleading way to shareholders and is defamatory. LVMH will defend itself vigorously. The long preparation of this assignment demonstrates the dishonesty of Tiffany & Co. in its relations with LVMH. This action is essentially based on the accusation by Tiffany that LVMH failed to take the reasonably necessary steps to obtain the various regulatory authorities' approvals in a timely way. This accusation has no substance and LVMH will demonstrate this to the Delaware Court. On this matter, the filing in Brussels will take place, as expected, in the following days and this is simply the result of the planning fixed by the European Commission, about which Tiffany is completely aware. It is legitimate to expect this authorization will be obtained in October.
The LVMH Board, besides the elements already raised, had the opportunity to examine the current economic situation of Tiffany and its management of the crisis. It noted that the first half results and its perspectives for 2020 are very disappointing, and significantly inferior to those of comparable brands of the LVMH Group during this period.
LVMH will be therefore led to challenge the handling of the crisis by Tiffany's management and its Board of Directors. LVMH considers, among other things, that this period is impacted by a Material Adverse Effect, that Tiffany did not follow an ordinary course of business, notably in distributing substantial dividends when the company was loss making and that the operation and organization of this company are not substantially intact.
LVMH therefore confirms that the necessary conditions for the conclusion of the acquisition of Tiffany are not fulfilled.
Source: LVM -
DIOR X INGLESINA
LUXURY DIOR X INGLESINA LAUNCHES ITS FIRST BASSINET AND STROLLER COMBO
11 SEPTEMBER 2020 Dior and Italian children's products brand Inglesina have launched the first bassinet and stroller combo. this stroller adorned with the Dior Oblique print, highly functional and can be folded or unfolded more easily and safely. The unique stroller design makes the baby more comfortable and safer. The launch of this baby stroller marks Dior's further expansion of children's products, making the brand more integrated into children's daily lives.
Source: DIOR -
NB GREY STORE
NEW STORE NEW BALANCE OPENS THE WORLD'S FIRST NB GREY STORE IN BEIJING
11 SEPTEMBER 2020 This week, New Balance's first NB GREY brand retail store officially opened in Sanlitun, Beijing. The store sells shoes and clothing, as well as peripheral products. The interior design is dominated by grey which is the brand's DNA, with wood tones running through its space, conveying an organic balance between work and life, and bringing a high-quality shopping experience to sneakers and street culture lovers.
Source: NEW BALANCE -
THE FÉDÉRATION DE LA HAUTE COUTURE ET DE LA MODE
FASHION WEEK LOUIS VUITTON, DIOR AND CHANEL WILL HOLD FASHION SHOWS AT THE PARIS FASHION WEEK
9 SEPTEMBER 2020 Spring Summer 2021 Paris Fashion Week will start on 28 September. There will be 88 events, the fashion week will begin with a show by Japanese designer Mame Kurogouchi and the finale by Louis Vuitton on 6 October. Dior and Chanel have also confirmed that they will hold fashion shows on September 29 and October 6 respectively under safety requirements.
Source: THE FÉDÉRATION DE LA HAUTE COUTURE ET DE LA MODE -
LONDON FASHION WEEK
FASHION WEEK LONDON FASHION WEEK
9 SEPTEMBER 2020 London Fashion Week will be held from September 17 to 22. There will be 32 brands holding their respective fashion shows and live broadcasts, and another 50 brands will release new collections through the digital platform. The fashion week will open with Burberry and their latest collection in digital platform.
The British Fashion Council stated that all events will comply with government regulations on safety requirements.
Source: BRITISH FASHION COUNCIL -
HERMÈS
LUXURY BRAND HERMÈS IS BUILDING A NEW LEATHER WORKSHOP
9 SEPTEMBER 2020 Hermès recently announced that it will build a new leather workshop named Maroquinerie de Louviers in Normandy, France. The official opening will be in 2022 and its will be making handbags, saddlery and equestrian-related leather products and will ultimately employ 250 artisans.
Source: HERMÈS -
GEORGIO ARMANI
FASHION SHOW GEORGIO ARMANI WILL HOST A NON-GUEST FASHION SHOW RELEASED IN DIGITAL LIVE AND TV CHANNEL
9 SEPTEMBER 2020 The Giorgio Armani Spring/Summer 2021 collections for men and women fashion show will be held without guests in attendance. The fashion show presentation will instead be on live-broadcast on television for the first time. The show will be telecasted on Saturday, 26 September on Italian TV Channel La7 and on Instagram.
Source: GIORGIO ARMANI -
FEAR OF GOD, ERMENEGILDO ZEGNA
BRAND COOPERATION FEAR OF GOD, ERMENEGILDO ZEGNAERMENEGILDO ZEGNA X FEAR OF GOD
9 SEPTEMBER 2020 Italian menswear luxury brand Ermenegildo Zegna and American fashion brand Fear of God will launch a limited-edition on September 14 on both of their brand's official website, Tmall flagship store and WeChat. The limited-edition combines Italian tailoring craftsmanship with American fashion styles. Included in the launch will be two other limited products for China.
Source: FEAR OF GOD, ERMENEGILDO ZEGNA -
HARRODS
NEW SHOP HARRODS OPENS FIRST BEAUTY STORE THIS MONTH
9 SEPTEMBER 2020 Harrods is opening their first new beauty concept store named H Beauty on 17 September located in Intu Lakeside, Essex. H Beauty offers luxury beauty products and new beauty brands from all over the world.
Source: HARRODS -
FÉDÉRATION DE LA HAUTE COUTURE ET DE LA MODE
FASHION WEEK 10 NEW MEMBERS JOINING PARIS FASHION WEEK
4 SEPTEMBER 2020 The Fédération de la Haute Couture et de la Mode recently announced on that 10 new members will be joining the Official Schedule of Paris Fashion Week, September – October 2020.
AMI (France)
CECILIE BAHNSEN (Denmark)
ENFANTS RICHES DEPRIMES (United States)
ESTER MANAS (France)
GABRIELA HEARST (United States)
MOSSI (France)
SITUATIONIST (Georgia)
S.R STUDIO LA. CA. (United States)
VEJAS (France)
WALES BONNER (United Kingdom)
Paris Fashion Week® will take place from 28 September to 6 October and it will include physical and digital events.
Source: FÉDÉRATION DE LA HAUTE COUTURE ET DE LA MODE -
LAPLACO
CIRCULAR FASHION SUMMIT 2020 CIRCULAR FASHION SUMMIT
4 SEPTEMBER 2020 LABLACO recently announced that the 2020 Circular Fashion Summit will be held during the 2021 Paris Spring/Summer Fashion Week through Altspace VR by Microsoft. At that time, participants will use Oculus headsets to watch the summit and related activities. British Fashion Council CEO Caroline Rush, Camera Nazionale della Moda Italiana President Carlo Capasa, The Fédération de la Haute Couture et de la Mode Executive President Pascal Morand, Shanghai Fashion Designers Association Vice President Lv Xiaolei, Council of Fashion Designers of America President & CEO Steven Kolb, and others will be joining the talk about how to achieve sustainable development in the fashion industry.
Source: LAPLACO -
RARE BEAUTY PRODUCTS BY SELENA GOMES
BEAUTY RARE BEAUTY PRODUCTS CAN BE PURCHASED AT SEPHORA
4 SEPTEMBER 2020 Rare Beauty, a beauty brand by Selena Gomez will be arriving soon at Sephora in the United States, Canada and Mexico on 3 September. Rare Beauty's first products include Lipstick, Puff Refill, Makeup Sponge, Prime & Set Mist, Primer, Foundation Brush, Liquid Liner and Pencil & Gel.
Source: SEPHORA -
L'ORÉAL FINANCE
FINANCIAL INVESTMENT L'ORÉAL GROUP LAUNCHES SECOND EMPLOYEE SHARE OWNERSHIP
4 SEPTEMBER 2020 L'Oréal Group recently announced that it will launch a second employee share ownership plan and the plan will be rolled out to L'Oréal employees in 57 countries. Employees can purchase up to 500,000 shares. The subscription period will run from 17 September to 2 October 2020, and settlement (payment-delivery) is planned for 3 November 2020. it's will be blocked for a five-year period.
The first employee stock ownership plan was launched in 2018.
Source: L'ORÉAL FINANCE -
PRADA X ADDIDAS
NEW PARTNERSHIP PRADA AND ADIDAS ORIGINALS PRESENT THE NEW CHAPTER OF THEIR EXCLUSIVE PARTNERSHIP
4 SEPTEMBER 2020 Prada and Adidas Originals reinterpret the classic Superstar sneakers, made in Italy by Prada. The superstar comes in three new colours: black, white and black, and chromed silver and white. Available on 8 September 2020.
Source: PRADA -
TIFFANY & CO.
LUXURY TIFFANY DIAMOND PRODUCTS PURCHASE TO INCLUDE DETAILED DIAMOND INFORMATION FROM OCTOBER THIS YEAR
25 AUGUST 2020The luxury brand Tiffany announced that from October this year when consumers purchase Tiffany diamond products, they will receive a diamond certificate which details the origin of the diamond from mining to cutting, polishing, grading, quality inspection and its final forming information.
Source: TIFFANY & CO. -
CLAUDIA SCHIFFER - EXHIBITION CURATOR (Photo: Lucie McCullin
EXHIBITION A RETROSPECTIVE EXHIBITION OF 1990S FASHION PHOTOGRAPHY WILL BE HELD NEXT YEAR AT THE KUNSTPALAST MUSEUM IN GERMANY
25 AUGUST 2020 The 300-year-old Kunstpalast Museum in Düsseldorf, Germany, will hold a large-scale exhibition entitled "Fashion Photography From the 1990s" from March 4 to June 13, 2021. German supermodel Claudia Schiffer served as the curator of the exhibition. The exhibition will photographic works by Juergen Teller, Karl Lagerfeld, Herb Ritts, Corinne Day, Arthur Elgort, Ellen von Unwerth. The 120 works show the fashion circle of the 1990s and the cultural atmosphere of that era. Not only photos and advertisements from fashion magazines but also images, music and souvenirs from Schiffer's private collection will be on display, allowing visitors to the exhibition to understand behind-the-scenes footage of fashion shows and parties in the 90s.
Source: CLAUDIA SCHIFFER -
ROLLING STONES
SHOP ROLLING STONES WILL BE OPENING THEIR FIRST FLAGSHIP STORE IN LONDON
25 AUGUST 2020 The Rolling Stones will be opening their first flagship store in the world on 9 September 2020.
Located in London's Carnaby Street, The store will sell a series of exclusive official fashion products (fashion and accessories, etc.), including exclusive products in collaboration with some designers.
Source:ROLLING STONES -
PAT McGRATH
BEAUTY PAT McGRATH X SUPREME ON A RED LIPSTICK
18 AUGUST 2020 Pat McGrath and Supreme will jointly launch MatteTrance™ series of red lipsticks. The design of this joint lipstick is printed with the Supreme logo and the Supreme red on the tube body matches with Pat McGrath's golden lips, making people love it. The colour of the lipstick is consistent with Supreme red. This lipstick also marks the official entry of Supreme into the beauty industry.
Source: PAT McGRAT -
CAMERA NAZIONALE DELLA MODA ITALIANA
MILAN FASHION WEEK MILAN FASHION WEEK WILL BE HELD IN SEPTEMBER, AND MORE THAN HALF OF THE BRANDS WILL HOLD CATWALK FASHION SHOWS
15 AUGUST 2020 Camera Nazionale della Moda Italiana, the organizer of Milan Fashion Week, recently announced that it will resume its regular schedule and will host the 2021 Spring/Summer Collection Milan Fashion Week from September 22nd to 28th. More than half of the brands will hold live fashion shows, and there will also be 20 fashion shows in the digital form. Taking into account the health of the attendees, the number of attendees will be limited.
Source:CAMERA NAZIONALE DELLA MODA ITALIANA -
THE MAKER HOTEL
BOUTIGUE HOTEL THE FOUNDERS OF FRESH OPEN A NEW BOUTIGUE IN NEW YORK
15 AUGUST 2020 Following the influence of the global travel industry, the two founders of Fresh Poetry, Lev Glazman and Alina Roytberg officially open a new hotel in New York, called The Maker. The Maker is a boutique hotel with a total of 11 rooms. Staying guests must book at least 3 nights. Guests also get a free set of Fresh Formula products, including shampoo, conditioner, bath products and body lotion. Their gift shop offers a limited series of products while their restaurants, cafes and cocktail lounges are the major highlights.
Source:THE MAKER HOTEL -
DIOR
EVENT DIOR become the official partner of the 23rd Shanghai International Film Festival
22 JULY 2020 The Shanghai International Film Festival announced that the luxury brand, DIOR makeup and perfume has become the official partner of the 23rd Shanghai International Film Festival. Dior has maintained the ultimate pursuit of beauty since the 1950s, with "New Look." The revolution has always delivered a new aesthetic revolution for women in the new era. This cooperation between the two parties aims to convey the beauty of classics and the spirit of independence to more modern women and to explore the infinite possibilities of art and lifestyle.
Source:SHANGHAI INTERNATIONAL FILM FESTIVAL -
LOEWE
FASHION LOEWE LAUNCHES PAULA'S IBIZA 2020 COLLECTION
22 JULY 2020 Paula's Ibiza 2020 collection was recently launched by Loewe, a Spanish luxury brand under the LVMH Group. Jonathan Anderson, Loewe's art director defines Paula's Ibiza as a branch of the Loewe brand that combines cost-effectiveness and niche aesthetics.
In 2019, Loewe acquired the trademark rights of Paula's Ibiza from Paula's founder Armin Heinemann. The transaction amount was not disclosed. Paula's Ibiza's philosophy is to use natural materials to design casual style products to show summer style. Currently, Paula's Ibiza is only launched every summer, with the main holiday theme. Although Paula's Ibiza is more affordable in terms of pricing, it also introduced some high-end products.
Source:LOEWE -
GUCCI
FASHION SHOW GUCCI TO HOLD A 12-HOUR LIVE STREAMING
12 JULY 2020 On 17 July, Gucci will be presenting their Epilogue Collection in a 12-Hour Live Stream. Gucci's creative director Alessandro Michele will use a visual narrative feature to display his latest design. The feature will commence at 2:00 pm from CEST on Gucci.com, YouTube, Twitter, Instagram, FaceBook, Weibo, Kakao, the Gucci App, and on the Camera Nazionale Della Moda Italiana official channels. Included in this event will be the 12-hour live streaming from 8:00 am available in CEST on Gucci.com, YouTube, Twitter, Weibo and the Gucci App and from noon on Gucci FaceBook.
Source:GUCCI -
LOUIS VUITTON
FASHION SHOW LOUIS VUITTON PLANS MEN'S COLLECTION FASHION SHOWS IN SHANGHAI AND TOKYO
12 JULY 2020 During the Paris Digital Fashion Week Louis Vuitton released a video clip to present Louis Vuitton 2021 Men's Spring/Summer Collection in Shanghai and Tokyo.
The film depicted a combination of live-action and animation with movers packing up shipping containers and loading them onto a barge before sailing down the Seine River and beyond Paris.
The Louis Vuitton 2021 Men Spring/Summer Show in Shanghai will be presented on 6 August 2020.
Source:LOUIS VUITTON -
L'ORÉAL AGM
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE L'ORÉAL'S ANNUAL GENERAL MEETING
4 JULY 2020 The Annual General Meeting of L'Oréal shareholders was held in Paris on Tuesday 30 June 2020, under the chairmanship of Mr Jean-Paul Agon, Chairman and Chief Executive Officer. Given the exceptional context related to the Covid-19 pandemic, it was held behind closed doors.
The Annual General Meeting adopted all the proposed resolutions, and in particular:
• Approved the parent company financial statements and the consolidated financial statements for 2019;
• Decided on the distribution of a dividend of €3.85 per share. This dividend is increased to €4.23 for shares that have been continuously registered for at least two calendar years. Dividend payment date: Tuesday 7 July 2020;
• Appointed two new Directors, Ms Ilham Kadri and Mr Nicolas Meyers, for a four-year term;
• Renewed the tenure as Directors of Ms Béatrice Guillaume-Grabisch and Mr Jean-Victor Meyers, for a four-year term.
The Board of Directors, which met after the Annual General Meeting, has appointed Ms Françoise Bettencourt Meyers as a Vice-President of the Board of Directors where Mr Paul Bulcke is also a Vice-President. She succeeds Mr Jean-Pierre Meyers who has not wished to renew his tenure.
Source:L'ORÉAL GROUP -
HERMÈS
FASHION SHOW HERMÈS MEN'S COLLECTION SPRING-SUMMER 2021 LIVE PERFORMANCE AT 5TH JULY
4 JULY 2020 HERMÈS announced their Men's Collection Spring/Summer 2021 Live will be held on Sunday 5 July at 2 pm (Paris time). The Men's Collection Spring/Summer 2021 is created by Véronique Nichanian. A performance designed with the artistic collaboration of Cyril Teste.
Source:HERMÈS -
KERING
GREEN ENVIRONMENT KERING PUBLISHES BIODIVERSITY STRATEGY AND BIODIVERSITY TARGETS
4 JULY 2020 Kering has set up new biodiversity targets, including three overarching goals, commits to a net positive impact on biodiversity by 2025. Kering will convert 1 million hectares of farms and rangelands in its supply chain landscapes into regenerative agriculture by 2025. Kering will protect an additional 1 million hectares of critical, 'irreplaceable' habitat outside of its supply chain by 2025, through programs that support biodiversity protection, carbon sequestration and livelihood improvements.
Source:KERING -
LVHM
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE LVHM ANNOUNCED 20% DIVIDEND REDUCTION FOR 2019 IN 2020 ANNUAL GENERAL MEETING
3 JULY 2020 The Key Financial Data of LVMH 2019 Revenue:
• WINES & SPIRITS Reported growth +8% and Organic Growth +6% to 5,576 million euros;
• FASHION & LEATHER GOODS Reported growth +20% and Organic Growth +17% to 22,237 million euros;
• PERFUMES & COSMETICS Reported growth +12% and Organic Growth +9% to 6,835 million euros;
• WATCHES & JEWELLERY Reported growth +7% and Organic Growth +3% to 4,405 million euros;
• SELECTIVE RETAILING Reported growth +8% and Organic Growth +5% to 14,791 million euros.
The Key Financial Data of LVMH 2019 Profit From Recurring Operations:
• WINES & SPIRITS Growth +6% to 1,729 million Euros;
• FASHION & LEATHER GOODS Growth +24% to 7,344 million Euros;
• PERFUMES & COSMETICS Growth +1% to 683 million Euros;
• WATCHES & JEWELLERY Growth +5% to 736 million Euros;
• SELECTIVE RETAILING Growth +1% to 1,395 million Euros.
Another record year with double-digit increases in revenue and profit from recurring operations
• Revenue: €53.7 bn, + 15% (+ 10% organic);
• Profit from recurring operations: €11.5 bn, + 15%.
Due to ongoing COVID-19 situation, LVMH held an online Annual General Meeting at 30 JUNE in Paris and Bernard Arnault announced 20% Dividend Reduction for 2019.
At the AGM, Bernard Arnault said: "Support the to fight the pandemic worldwide, help for caregivers, manufacture of hydroalcoholic gel; assistance with routing and production of masks, equipment search for hospitals, financial support to the Chinese Red Cross and the Fondation des Hôpitaux de Paris- Hôpitaux de France. Our teams displayed great agility to confront the situation. However, from Q1 our stores, unfortunately, had to close, along with the closure of manufacturing. The long-term impact cannot be accessed precisely at this stage. We do not yet fully know the timetable for the return to normal in the different areas where the group is established and we do not know when the virus will disappear."
LVHM reported that revenues fell 15 percent in the first quarter 2020. Second quarter particularly affected, especially in Europe and the US. Because despite the lifting of the epidemic blockade in many areas, luxury consumption still faces a breakthrough in insufficient tourists.
Bernard Arnault said: "We can only hope the recovery will occur gradually during the second half, and signs of recovery in June in a number of our activities are quite rigorous," Bernard Arnault added:"In the current context, we remain imbued with our long-term vision and horizon where we are rolling out our strategies. We remain focused on preserving the value and the development of our brands, the image of our brands, their desirability of our products with a very strong ambitions for all our maisons." Develop this desirability is the long term goal that each of us is set in. By the creative dynamism, our brands will continue to be renewed and enriched their iconic lines. The growing digitalisation of our activities will improve customer experience and showcase our brands.
LVMH Group's digital development is strong, growing, many brands under the group have achieved rapid development of online sales and brand image communication growth each house. Bernard Arnault said: "Customer interaction will of course continue to be at the heart of the development of our company."
In November 2019, LVMH Group announced that it would acquire Tiffany at a price of 16.2 billion US dollars. It is the largest acquisition by LVMH Group and the largest acquisition in the history of the global jewellery industry. Affected by the epidemic, Tiffany sales have declined. In response to the write-in question of whether LVMH was still satisfied with the deal to acquire the US jewellery Tiffany & Co., Antonio Belloni, group managing director and board member of LVMH, responded: "We believe that Tiffany is one of the most iconic jewellery brands and in that respect, has a full place inside the LVMH portfolio."
Ending the online AGM, Bernard Arnault concluded: "I regret that we had to hold this AGM in closed session in unusual conditions. Hope to see you next year in different conditions which is scheduled to be held on the 15 April 2021. I declare the meeting adjourned. Thank you for your attention!
Source:LVMH -
H&M
TRANSITION TO ON-LINE STORE H&M WILL CLOSE ALL STORES IN SINGAPORE
3 JULY 2020 Affected by the COVID-19 pandemic, a large number of consumers has turn to online shopping and had reduced the number of shoppers in the stores. H&M Group has begun to readjust its expansion plan is closing 170 stores worldwide, including all 11 of its stores in Singapore.
Source:H&M -
BVLGARI
STORE BVLGARI PARFUM ANNOUNCED JACKSON YEE AS THE FIRST GLOBAL AMBASSADOR
3 JULY 2020 LVMH's luxury jewellery brand - BVLGARI has officially announced that Jackson Yee has become the brand's first global ambassador. In their advertising released - "Explore the treasures of Italian style and start the journey of time," Jackson Yee is featured holding the new BVLGARI ROSE GOLDEA.
Source:BVLGARI PARFUM -
RIMOWA
LUXURY RIMOWA WILL OFFICIALLY LAUCH ITS OWN EYE COLLECTION
3 JULY 2020 LVMH's German luxury travel suitcase brand RIMOWA will officially launch its eyewear collection, which will be on sale at its physical stores and online stores on July 9.
Featuring ultra-lightweight frames in modernised classic styles like the Pilot, Square and Pantos, the RIMOWA Eyewear collection is offered in a variety of vibrant colours each crafted to match a selection of favourite luggage piece for a coordinated look.
Source:RIMOWA -
AIR DIOR
UPCOMING AIR DIOR READY-TO-WEAR AVAILABLE FROM JULY 8TH
24 JUNE 2020 Dior and Kim Jones partnered with Jordan Brand to unveil the limited edition Air Jordan 1 High OG Dior sneaker. A collection of ready-to-wear and accessories completes the collaboration, and a low version of the Air Jordan 1 OG Dior rounds out of range.
“I love mixing together different worlds, different ideas - Jordan Brand and Dior are both emblematic of absolute excellence in special collaboration is to propose something exciting and truly new," states Kim Jones, Artistic Director of Dior men's collections.”
Air Dior ready-to-wear and accessories will be available from July 8th in officially appointed stores by Dior.
Source:DIOR -
“BURBERRY IN NATURE”
FASHION SHOW “BURBERRY IN NATURE”
24 JUNE 2020 On 17 September, our Spring/Summer 2021 collection will come to life in the British outdoors - Burberry recently announced. A live physical presentation that is open for all to experience digitally. The theme of the fashion show is “BURBERRY IN NATURE”. It's to provide people with an immersive experience that reflects the natural beauty of the British outdoors. Burberry hopes to guide people to understand the simplicity and tranquillity of nature and redefine the fashion landscape through new expression.
“As humans, we have always had a deep affinity to nature. We have had to respect and rely upon its power for our very existence, whilst marvelling and revelling in its extraordinary beauty. Especially recently, we have all yearned to reconnect again. For this show, I wanted to celebrate these feelings by bringing our community together in a creative experience that takes place within the beautiful, natural landscape of Britain.” Said Riccardo Tisci, Chief Creative Officer.
Source:BURBERRY -
WARC
GLOBAL ADVERTISING Global advertising spending will be reduced by 49.6 billion US dollars in 2020
9 JUNE 2020 World Advertising Research Centre recently released a report that estimated that global advertising spending will decline by 8.1% this year to 563 billion US dollars, compared with 49.6 billion US dollars last year. Compared with digital media, the situation of traditional media is very bad, falling to 16.3% to 51.4 billion US dollars, of which TV advertising expenditures are expected to decrease by 13.8%, broadcast advertising drops by 16.2%, newspaper advertising drops by 19.5%, and magazine advertising drops by 21.5% , Outdoor advertising decreased by 21.7%, and theater advertising expenditure decreased by 31.6%.
Source:WORLD ADVERTISING RESEARCH CENTRE -
JD.COM 618
SHOPPING ONLINE The first hour of JD.COM 618 shopping festival luxury goods sales soared 400% year-on-year
9 JUNE 2020 Chinese consumers' demand for luxury goods has increased for the Post-Covid-19 Pandemic period. The sales data on the first day of the 618 shopping festival highlighted the people's purchasing power in China. According to official data from JD.com, the sales of luxury goods on their official platform soared by 400% year-on-year during the first hour of sales on June 1. Delvaux's most popular Tempete handbags were quickly ordered, and sales of Salvatore Ferragamo, Hugo Boss, Miu Miu, and LANCEL all increased by more than 300% year-on-year.
Source:JD.COM 618 -
T MALL
SHOPPING ONLINE Tmall 618 Taobao live broadcast broke the 2 billion in first 1.5 hours
9 JUNE 2020 According to the latest official data from Alibaba, at 0:00 on June 1, the opening of Tmall 618 in the first half hour of 2020, Taobao's live broadcast turnover reached 2 billion yuan, far exceeding the same period last year. Since the pre-sale launch of Tmall 618, Taobao live broadcast has exceeded 1.4 million.
Source:ALIBABA -
NIKE
NIKE NIKE public service commercials exceeded 100 million views
9 JUNE 2020 NIKE recently released a public service advertisement “NEVER TOO FAR DOWN” on YouTube, which has exceeded 100 million views in less than a week after its launch. The short film recalls the classic game moments of countless excellent athletes.
It is voiced by James and aims to inspire consumers. Fighting spirit.
Source:NIKE -
HARRODS
DEPARTMENT STORE HARRODS will open the first outlet store in London to solve the problem of seasonal products
9 JUNE 2020 British luxury department store HARRODS has announced that it will open its first outlet store HARRODS OUTLET in Westfield shopping mall in west London in July this year to deal with the spring stocks affected during the outbreak.
HARRODS will resume operations on June 15th, selling the latest summer products.
Source:HARRODS -
ISAMAYA FFRENCH
HR Make-Up artist Isamaya Ffrench joins Burberry as Global Beauty Director
9 JUNE 2020 British makeup artist Isamaya Ffrench has been appointed as the global beauty director of Burberry. Ffrench's first campaign for Burberry Beauty is planned for autumn 2020. Isamaya Ffrench is a make-up artist and body-painting specialist, having worked for Christian Louboutin, Tom Ford, i-D, and Dazed Beauty.
Ffrench was born in Cambridge and moved to London aged 18. She studied 3D design at the Chelsea College of Art, then branched out into fashion, studying at Central Saint Martins, where she specialised in product and industrial design.
Source:BURBERRY BEAUTY -
BERNARD ARNAULT
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE Bernard Arnault has acquired a one-quarter stake in Arnaud Lagardère's holding company - Lagardère Capital & Management
28 MAY 2020 The Lagardère SCA of the Lagardère family is one of the three major publishing groups in the world and owner of Paris Match, Le Journal du Dimanche, Europe 1, and some tax-free stores.
" welcomed Arnaud Lagardère's proposal to join forces with him. My friendship with Jean-Luc Lagardère (Arnaud's father) brought our families together, and the utmost respect for the group that he built. I am delighted that we are now, alongside Arnaud Lagardère, a long-term shareholder of the company that bears his name," said Arnault.
"I am happy and proud of this link-up with Groupe Arnault. We have long shared the values of family entrepreneurship. Groupe Arnault's exceptional achievements in France and worldwide, its success in the field of distribution and its investment in the creative and cultural industries are aligned with the fundamentals of my Group and are the mark of an enduring and productive working relationship," commented Lagardère.
The partnership agreement is subject to approval by the French financial markets authority (Autorité des marchés financiers).
Source:FASHIONNETWORK -
HANIFA
DIGITAL FASHION SHOW HANIFA hosts 3D fashion show on social media
28 MAY 2020 The brand created by Congolese designer Anifa Mvuemba, Hanifa recently hosted the first virtual fashion show on Instagram Live through a 3D model and was hailed as a pioneering breakthrough by the fashion industry.
Source:HANIFA -
KYLIE
BEAUTY Kylie Skin officially entered the European market
28 MAY 2020 The beauty group Coty acquired a majority stake in Kylie Cosmetics for US$ 600 million at the end of 2019. To further expand the brand's business footprint, it has decided to cooperate with high-end beauty retailer Douglas to sell Kylie in more than 2,000 stores in Europe.
Source:COTY -
E-COMMERCE
LIVE STREAMING In the first quarter of 2020, there were more than 4 million e-commerce live streamings in China
28 MAY 2020 Affected by the epidemic, there were more than 4 million e-commerce live streamings in China in the first quarter of 2020. Popular items include household items, kitchenware, and fitness equipment. According to China Internet Network Information Center data, as of March 2020, domestic e-commerce live broadcast users reached 265 million, accounting for 37.2% of online shopping users, and 47.3% of live broadcast users.
Source:CHINA INTERNET NETWORK INFORMATION CENTER -
BRUNELLO CUCINELLI
HR - APPOINTMENTS Brunello Cucinelli's founder appoints two young co-CEOs
28 MAY 2020 Brunello Cucinelli's company leadership has been adjusted recently. Company founder Brunello Cucinelli himself revealed his willingness to step down as CEO last year. At the just-concluded shareholders meeting, Brunello Cucinelli updated the company's legal persons - two co-CEOs who will be working alongside himself.
At their AGM, the label's newly appointed 12-member board of directors put Executive President Brunello Cucinelli in charge of style, design, and communication, confirming his role as creative director. The board also appointed Luca Lisandroni and Riccardo Stefanelli as co-CEOs, Lisandroni in charge of the commercial side of the business and Stefanelli in product development and operations.
Riccardo Stefanelli is the husband of Cucinelli's eldest daughter - Camilla who has been with the label for 14 years, while Lisandroni joined Brunello Cucinelli four years ago from Luxottica.
"I look towards the future of humankind and our industry with a good deal of emotion and hope," said Cucinelli in a press release, adding that "my vision is that these two experienced young men, genuine professionals who are passionate about the universal ideals of truth, beauty, and humanity, will be able to lead the company for a long time, an example of stewardship for future generations."
Source:FASHIONNETWORK -
ALESSANDRO MICHELE
FASHION GUCCI creative director announced: “no longer follow stereotypes in the future, holding two fashion shows a year”
26 MAY 2020 Alessandro Michele, creative director of the Italian luxury brand GUCCI (Kering) under the French Kering Group, announced on Instagram that GUCCI will no longer follow the traditional fashion show, but will hold two fashion shows a year.
Alessandro Michele stated on Instagram: "Therefore, I will abandon the worn-out ritual of seasonalities and shows to regain a new cadence, closer to my expressive call. We will meet just twice a year, to share the chapters of a new story. Irregular, joyful and absolutely free chapters, which will be written blending rules and genres, feeding on new spaces, linguistic codes and communication plat forms.
And beyond. I would like to leave behind the paraphernalia of leitmotifs that colonized our prior world: cruise, pre-fall, spring-summer, fall-winter. I think these are lost its meaning. Containers that progressively detached themselves from the life that generated them, losing touch with reality.
I believe that we can build our tomorrow also starting from a renewed capacity of denomination. Here comes the desire to baptize our new encounters by naming them after a language that has marvellously symphonies, rhapsodies, madrigals, nocturnes, overtures, concerts and minuets in the constellation of my creative path. Music, after all, has the sacred power to produce reverberations and connections. It travels beyond the borders, reconnecting the fragility to the infinity."
Gucci will hold an online press conference soon, it will announce more details related to the decision.
Source:ALESSANDRA MICHELE -
EXHIBITION IN SHANGHAI
EXHIBITION "Christian Dior: The Designer of Dreams"
22 MAY 2020 DIOR will hold a large-scale retrospective exhibition in Long Museum in Shanghai from July 28 to October 4, 2020, The theme of this exhibition is "Christian Dior: The Designer of Dreams".
In this exhibition, more than 250 high-end custom-made dresses, The curator of the exhibition is Oriole Cullen.
DIOR held retrospective exhibitions of the brand in Paris in 2018 and London in 2019.
Source:DIOR -
DIOR
DESIGN PATENTS THE SADDLE BAG BY DIOR
22 MAY 2020 DIOR has applied for a trademark patent from the Patent Office on the design of the saddle bag.
The house submitted an appearance design trademark application in April to the US Patent and Trademark Office for the brand's very popular saddle bag.
The DIOR saddle bag was first released by designer John Galliano at the Spring / Summer 2000 Fashion Show. It quickly attracted people's attention and favour, and also promoted the sales of DIOR.
In 2018, Maria Grazia Chiuri, the current creative director of DIOR, re-designed the saddle bag and put it on the market again. The "CD" logo was added to the shoulder strap design, which increased the brand's recognition and became one of the bare-handed hot handbags again.
Source:DIOR -
VALENTINO
PARIS FASHION WEEK VALENTINO announced its pull-out from the Digital Paris Fashion Week in July and will host it own fashion show and special projects
22 MAY 2020 Valentino announced its pull-out from the Digital Paris Fashion Week in July. Creative director of the house - Pierpaolo Piccioli said that the Valentino brand will hold their men's and womenswear collections fashion show in September, merging the spring and summer 2021 men's and women's launch events. Now, it is preparing special projects for the latest high-end series scheduled for July.
Until now, no official statement has stated in what form the fashion show will be held, and the venue has not yet been determined.
Source:VALENTINO -
AUTOMOBILES
AUTOMOBILES Ferrari and Tesla SALES grew against the trend during the COVID-19 Pandemic
22 MAY 2020 On May 4, Ferrari announced that its first-quarter profit was higher than expected, pushing its share price up nearly 7%.
During the epidemic in March, Ferrari temporarily closed the factory, but Ferrari's total turnover increased by 5% to 2,738 vehicles, with a profit of 1.02 billion US dollars, exceeding expectations.
Tesla reported that sales in China were 10,160 in March this year. China is its largest market in the world, hitting a new monthly sales volume in the Chinese market in March.
According to data from the China Association of Automobile Manufacturers, China's automobile demand has rebounded since March, an improvement from the 79% decline in February, but sales are still down 43% from the same period last year. Although almost all dealers in mainland China have resumed work, and the number of people in automobile showrooms has rebounded, consumer confidence remains weak. China's total car sales in the first quarter were 3.7 million, which was a decrease from the same period last year.
Source:CHINA ASSOCIATION OF AUTOMOBILE MANUFACTURERS -
DEPARTMENT STORES IN PARIS
DEPARTMENT STORES IN PARIS Large department stores in Paris such as Galeries Lafayette and Spring Department Store will be closed until July 10th
22 MAY 2020 The Paris Police Prefecture issued new regulations on May 13 in order to prevent further outbreak of the COVID-19 pandemic: All shopping malls with an area of more than 40,000 square meters must be closed until July 10th to be able to open their entire spaces. For large department stores, this will undoubtedly cause a huge blow to the overall operating income.
Source:SORTIRAPARIS -
CHINA INTERNATIONAL IMPORT EXPO
EXPOSITION MAINSTREAM FASHION GROUPS WILL BE PARTICIPATING IN THE THIRD CHINA INTERNATIONAL IMPORT EXPO
16 MAY 2020 Tapestry Group will bring its brands Coach, Kate Spade and Stuart Weitzman to the third China International Import Expo to be held from November 5th to November 10th, 2020. Estée Lauder, L'Oréal, Richemont Group and Kering Group have also signed agreements to participate in China International Import Expo.
Up to May 15th, more than 1,400 companies have signed contracts with the third China International Import Expo, and the contracted exhibition area exceeds 80% of the planned area. Some exhibition areas have already completed the recruitment goals in advance.
It is a huge consumer market with potential for rapid growth in China for international luxury goods and cosmetics brands to actively participate in China International Import Expo.
Source:CHINA INTERNATIONAL IMPORT EXPO -
CHANEL
LUXURY CHANEL PRICE INCREASE 5% - 17%
16 MAY 2020 This week, the French luxury brand Chanel said that according to the increase in raw material costs during the pandemic, the prices of handbags and small leather goods will be raised globally.
"The price adjustments only applies to Chanel's iconic handbags, 11.12 and 2.55, as well as Boy, Gabrielle, Chanel 19 bags, and certain small leather goods," it said in a statement responding to a Reuters query. "These adjustments are made while ensuring that we avoid excessive price differentials between countries, in line with our commitments regarding price harmonisation."
Source: REUTERS -
GABRIELLE CHANEL
LUXURY CHANEL's lawsuit against the "Gabrielle" trademark dismissed.
16 MAY 2020 On April 27, the British Intellectual Property Office dismissed the case brought by French luxury brand CHANEL's lawsuit against the "Gabrielle" trademark. After over two years, The British Intellectual Property Office ruled the French fashion group Molly Bracken finally won the case dispute with Chanel concerning plus-size label Gabrielle.
The brand name 'Gabrielle' was registered by Molly Bracken in October 2016. Gabrielle, a reference to the muse of French painter Auguste Renoir. Gabrielle is the first name of Coco Chanel, founder of Chanel, In 2017, Chanel launched the Gabrielle fragrance and, in December the same year, it registered the name 'Chanel's Gabrielle' for handbags and a series of other products.
Source: FASHION NETWORK -
MULBERRY
LUXURY Luxury fashion house Mulberry has launched a global pricing
12 MAY 2020 Mulberry recently announced that through the sales tax and customs duty data of various countries, Mulberry has launched a global pricing.
Its new pricing system will lower the cost of some of its Made-in-England handbags by about a fifth in some markets, in the hope of raising digital and overseas sales, particularly among younger consumers, "Chief Executive Officer Thierry Andretta said. "For example, an Iris bag in Mulberry will now retail for 18% less."
"Mulberry has got the message that tourists coming into Europe will be a lot lower going forward. Chinese consumers are unlikely to buy in Europe like in the past, but sales in China will increase for sure, "Andretta said.
Source: MULBERRY -
LOUIS VUITTON
LUXURY Louis Vuitton raised prices in the Korean market for the third time in 7 months
12 MAY 2020 According to Pulse News Korea, the luxury brand has raised prices by between 5% and 10 % across its various product lines, its third price increase within the past seven months.
"We have decided to raise the prices starting on May 5," said a representative of Louis Vuitton Korea. "It was part of our pricing policy based on the long-term view."
The previous two price increase of Louis Vuitton were in November last year and March this year.
Source: INSIDE RETAIL ASIA -
BALANCIAGA
EVENT Balenciaga launches handbag customisation services in China's stores.
12 MAY 2020 Kering Group's luxury brand Balenciaga will launch limited-time handbag customisation services in their stores in Beijing, Shanghai, Hangzhou, Changsha and Xi'an from May 14 to May 17. During the event, their graffiti artist will visit the shop to customise the name, city name or brand name on the handbag for the customers who purchase the specified series.
Source: BALANCIAGA -
GIORGIO ARMANI
FASHION WEEK GIORGIO ARMANI WILL HOST A FASHION SHOW IN SEPTEMBER
9 MAY 2020 Giorgio Armani has recently announced that their namesake brands Giorgio Armani and Emporio Armani men's and women's fashion show will be postponed to September. So far there is no official statement on what platform the show will be held in. And the Armani Prive Haute Couture will be held in Milan in January 2021.
Source: GIORGIO ARMANI -
MAISON DIOR ARTISANS
FASHION WEEK DIOR HAUTE COUTURE ATELIERS CLOSED, BUT THE ARTISANS' ENTHUSIASM HAS NOT DINIMISHED
9 MAY 2020 Affected by the Covid-19 Pandemic, Maison Dior Artisans have to complete the work of the haute couture through countless video communication at home, to ensure the runway show will go on. Maison Dior is proud of their Artisans' active participation and warmly thanked them for their solidarity.
Source: LVMH -
PARIS AND MILAN FASHION WEEK
PARIS & MILAN FASHION WEEK PARIS AND MILAN FASHION WEEK GO DIGITAL FOR MEN'S SHOWS
7 MAY 2020 After the successful Fall / Winter 2020 Shanghai Fashion Week online, Paris Fashion Week and Milan Fashion Week plan to hold online menswear launches. From July 9th to 13th, 2020, Paris Menswear Week will release the 2021 Spring / Summer Menswear Collection online in the form of movies and videos. From July 14th to 17th, Milan Fashion Week will showcase the men's and women's collections for spring / summer 2021 online.
Source: CR FASHION BOOK -
NIKE
DURING COVID-19 During the COVID-19, people prefer to browse NIKE's official website
6 MAY 2020 Recently, SEMrush released the latest global e-commerce and consumer trend report "Ecommerce & Consumer Trends During Covid-19.
SEMrush accumulated traffic data on hundreds of top websites across each industry with the highest volatility.
Books and literature category is the overall highest increase in traffic. Health e-commerce brands is the second-highest traffic increase across all industries. Home decor is the third-highest traffic increase across all industries. Retail is the category with over 14 billion monthly traffic. Global fashion e-commerce websites ranked fifth with 2.6 billion visits.
Among them, Nike.com is highest with 139 million visits in traffic, second is macys.com with 134 million visits and third is wildberries.ru with 130 million visits.
Source: SEMrus -
SAINT LAURENT
PARIS FASHION WEEK Saint Laurent will not be participating in the next 2020 Paris Fashion Week
1 MAY 2020 French luxury brand Saint Laurent recently announced that it will not present its collections in any of the pre-set schedules of 2020 and will restructure its own schedule to release a new collection separately.
Saint Laurent stated in the statement: "Conscious of the current circumstance and the waves of radical changes, Saint Laurent has decided to take control of its pace to reshape itself."
Source: SAINT LAURENT -
XUAN Paris
COVID-19 RELATED Collective effort to fight COVID-19 - XUAN Paris
25 APRIL 2020 Xuan Paris is a Couture brand created by Xuan-Thu Nguyen. Based in Paris since 2004, the label entered the official Haute Couture calendar in 2016 as a guest member. For Xuan Paris, luxury must be synonymous with sustainability: the brand mainly uses renewable and ethical materials.
In order to participate in the collective effort to fight COVID-19, XUAN Paris has already produced 400 essential masks made out of fabrics for non-nursing professionals meeting AFNOR standards: traders, janitors, drivers in public transport, cleaning staff, social workers, guards, municipal police, hotel staff, delivery men, kindergarten and school staff... via the association, Pantin Family which manages distribution thanks to its network of volunteers, within the Cité Fertile area.
XUAN Paris also produced 80 medical protection gowns for the medico-social association, Gaïa (Paris 11) for addictology care and risk reduction related to the use of drugs.
Source: TOTEM FASHION -
L'Oréal Group Finance
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE L'Oréal Group's first quarter financial report. Chinese market grows 6.4%
25 APRIL 2020 Recently, L'Oréal Group released their key financial data for the first quarter:
• Sales: 7.22 billion euros, -4.8% like-for-like. -4.3% based on reported figures, -5.0% at constant exchange rates.
• Resumption of business in China, +6.4% in first quarter
• Growth in e-commerce: +52.6%
• Active Cosmetics Division still posting double-digit growth.（L'Oréal Group's Active Cosmetics Division including:La Roche-Posay, Vichy, SkinCeuticals and CeraVe And other cosmeceutical brands.）
• All L'Oréal teams strongly mobilised
By Division
• Professional Products Division：at -10.5% like-for-like and -10.1%, at 751.1 million euros reported.
• CONSUMER PRODUCTS Division: at -3.6% like-for-like and -3.5% at 3,169.8 million euros reported
• L'Oréal Luxe Division: at -9.3% like-for-like and -8.0% at 2,464.4 million euros reported
• Active Cosmetics Division: at +13.2% like-for-like and +11.8% at 839.9 million euros reported
By Geographic Zone
• Western Europe: its sales decline by -7.7% like-for-like and by -7.9% at 1,997.7 million euros reported.
• North America: is at -4.8% like-for-like and -2.5% at 1,847.2 million euros reported
• Asia Pacific: at -3.7% like-for-like and -2.5% at 2,337.2 million euros reported
• Latin America: at +0.8% like-for-like and -6.5% at 394.8 million euros reported.
• Eastern Europe: at -1.4% like-for-like and -0.8% at 479.6 million euros reported
• Africa, Middle East: at -5.6% like-for-like and -6.3% at 170.7 million euros reported.
Source: L'ORÉAL FINANCE -
Alexander McQueen
CLD STYLE HOUSE SALE - PIECES OF ALEXANDER MCQUEEN CLD STYLE HOUSE SALE - PIECES OF ALEXANDER MCQUEEN
23 APRIL 2020 CLD STYLE HOUSE has the largest Alexander McQueen Collection in North America (curated over a 10+ year period, with the vast majority of the pieces being designed by Lee Alexander McQueen himself prior to his untimely passing). After many years of being unwilling to part with any of it, the time has finally come where CLD have decided to sell it. This rare opportunity will never come again, and many of these pieces are one-of-a-kinds, runway pieces, very special couture works of art that are rare or sentimental.
CLD hope that whatever home each piece goes to, appreciates & values the pieces for the treasures they are.
The collection can be found in two places:
eBay (CLICK OR TAP HERE) where the pieces will be restocked weekly on Sundays for the next 6-8 weeks, and
The REAL REAL (CLICK OR TAP HERE)There will be no restocking at THE REAL REAL.
Source: CLD STYLE HOUSE -
Clare Waight Keller
CLARE WAIGHT KELLER Clare Waight Keller and Givenchy part ways
16 APRIL 2020 Givenchy, a brand from the French luxury goods group LVMH, announced the departure of their artistic director - Clare Waight Keller.
Sidney Toledano, Chairman and CEO of LVMH Fashion Group, stated: "I want to warmly thank Clare Waight Keller for her contribution to Givenchy's latest chapter. Under her creative leadership, and in great collaboration with its ateliers and teams, the maison reconnected with the founding values of Hubert de Givenchy and his innate sense of elegance. I wish Clare all the best in her future endeavours."
Source: GIVENCHY -
ZARA ZARA SELFIES ZARA: During the COVID-19, models made selfies at home
16 APRIL 2020 During the COVID-19, models, photographers, make-up artists and stylists are all affected by travel restrictions. Spanish fast fashion brand ZARA sent their latest series to the models' homes, allowing the models to shoot at home with elegant makeup and hairstyle. Currently 3785 of the 7469 Zara stores in the world have been closed. Stores in the Chinese market are gradually returning to normal operations. ZARA's official website is operating as usual.
Source: ZARA -
PETA
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE PETA buys stake in luxury goods company during the COVID-19
16 APRIL 2020 Affected by the epidemic, the share prices of several luxury goods groups declined. Peta, an animal right activist, acquired shares of several luxury goods groups during this period, including Kering, Burberry, Guess, Ralph Lauren and Urban Outfitters. In its statement, it stated that its purpose was to push the luxury fashion industry to stop using animal-related raw materials as soon as possible, without disclosing the transaction amount.
Source: PETA -
"Vienna's Horse-Drawn Carriages COVID-19 PANDEMIC RELATED Vienna's horse-drawn carriages deliver meals during lockdown
16 APRIL 2020 Austria is under lockdown after the outbreak of the New Coronavirus. In Vienna, the InterContinental Vienna Hotel has no guests, but is providing free meals to the elderly in its neighbourhood located at Vienna's third district, just outside the city centre.
"There are no tourists, there is no business at all, and therefore they're all at home. But the horses still need to move around," said Christian Gerzabek, a part-time fiaker driver. "My idea was to combine the practical with something good for people who need it... It's also a bit of a signal that despite all this we are here for people and glad to do our bit."
Gerzabek and two other fiaker drivers have joined the effort to deliver the 250-300 meals a day the hotel prepares, which are also transported by car and bicycle. As of Easter Monday, the target group switched to medical staff on the night shift at a nearby hospital.
"This is a great initiative! Thank you very much!" one recipient, Gabriele Gleilinger, who has an auto-immune disease and stays at home, told Gerzabek as he delivered her first meal.
Source: VIENNA (REUTERS) -
"HEROS" BY ASOS
READY-TO-WEAR ASOS launches Limited Edition "Heroes" to raise funds for the NHS
16 APRIL 2020All of the "HEROES" clothing are made from 100% organic materials. They come in a range of sizes from S to XL. The tees are £20 each and hoodies are £30 each. ASOS said it will match 100% of the profits from every sale to donate to local NHS Trust coronavirus charities where it operates.
Source: THE FASHION NETWORK -
MONCLER
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE Italian bank invests 91.6 million euros in Moncler and acquires its 1.001% stake
11 APRIL 2020 According to "Milano Finanza", the Bank of Italy (Banca d' Italia) has just invested in the Italian luxury brand Moncler (European Union), with an amount of 91.6 million euros, acquiring its 1.001% stake.
The largest shareholder of Moncler Group is its President and CEO Remo Ruffini, with a 22.5% shareholding. Other major shareholders include: Blackstone Group (5% shareholding), Invesco (Jingshun Group, shareholding 3.3%), Morgan Stanley Asia (3%) and Singapore GIC acquired a 1.63% stake during Moncler IPO.
Source: MILANO FINANZA -
CLOUD FASHION WEEK
FASHION WEEK Cloud Fashion Week, online live broadcasts bringing a total revenue of 500 million RMB for all participating brands
11 APRIL 2020 The first "Cloud Fashion Week" jointly organized by Shanghai Fashion Week and Tmall was held from March 24 to 30. Within this fashion week, nearly 150 brands participated in the live broadcast activities according to Tmall data, During the live broadcasts, it attracted more than 4 million netizens watching, and the total number of viewings reached 11 million times, bringing a total revenue to more than 500 million RMB for all participating brands.
Affected by the COVID-19 pandemic, Shanghai Fashion Week, took only two weeks to reach a cooperation with Tmall to create the conception, planning and implementation to build a cloud-based live special page for the fashion week in the form of catwalks, creative videos and new previews for consumers.
The Shanghai Fashion Week Organizing Committee and Tmall jointly also set up a "Cloud Course" to help brands understand online operations and diversion methods, and to make preparations. At the same time, Shanghai Fashion Week and New World of Shanghai worked together to create the XINTIANDI POP-UP store, and login to the "Cloud Green Channel" specially opened by Tmall to create the conditions for brands and buyers to quickly enter the construction of online consumer scenes. SF Express provides logistics, it's a one-stop operation link service.
Source: SHANGHAI FASHION WEEK & TMALL -
MERCEDES-BENZ FASHION WEEK RUSSIA
FASHION WEEK Mercedes-Benz Fashion Week Russia
11 APRIL 2020 For the first time ever, Mercedes-Benz Fashion Week Russia was launched online at AIZEL.RU.
Brands participated with their new collections：
RED SEPTEMBER
IGOR GULYAEV
/SELFÉTUDE
DALAKIAN
ELENA SOUPROUN
DIANA ARNO
DOKUCHAEVA
N.LEGENDA
NASTYA NEKRASOVA
MADFRENZY
WHITE CROW
ASOMATAV
ophelica
T3CM
ÓNOMA
LEATHER LIKE WOOD
SERAYA
REWEARIT
WHO I AM
Novaya
Olya Kosterina
Yana Besfamilnaya
HOUSE OF LEO
Mineral Weather
Valeria SAAD
Vakproject
SL1PS
EMILETOVA
AMPLITUDA
LATARDE
LUTANI
Ceremony
MIETSA
TSUGI
"The key task of the Fashion Week is to promote new collections. However, the digital Fashion Week has one more function – to support fashion houses that haven't ceased their operations. The fashion industry is enormous, comprising gifted people, jobs, and last, but not least, emotions, which we should share now. While others are out of action, we are going to move on, developing and enhancing innovative formats that have always been present at Mercedes-Benz Fashion Week Russia," said Alexander Shumsky, President of Russian Fashion Council.
In total, 32 video presentations from 1 to 7 minutes long have been viewed with over 2.5 million minutes in 2 days. Nearly 830 thousand people followed the streams of Mercedes-Benz Fashion Week Russia online at 103 Russian and foreign websites, as well as on the social media: VKontakte, Facebook, and TikTok. #CтильнаДому (in English #StyleatHome), the collaborative hashtag by TikTok and MBFW Russia, has been viewed 39.9 million times by now. The organizers decided to arrange an additional set of digital events, specially focusing on VR- and AR-based technologies. The details and the dates will be announced any time soon.
Source: MERCEDES-BENZ FASHION WEEK RUSSIA -
CASIO-KOSE NAIL PRINTER TECHNOLOGY Casio and Kose launch Nail Printer
11 APRIL 2020 Casio has teamed up with Japanese beauty group Kose to release a prototype Nail Printer.
Casio is responsible for the technical functions of the Nail Printer, which is equipped with technologies that can be used with cameras and printers, such as image recognition and printing control for nail shape, curvature, and contour correction, security, etc.
How to use:
1. Choose a design.
2. Apply the base coat and pre-print coat.
3. Print your design using the nail printer.
4. Apply the top coat. About 15 min in total.
Source: CASIO -
HONG KONG'S RETAIL INDUSTRIES
ECONOMY Affected by the COVID-19, Hong Kong's retail industry fell sharply in February
11 APRIL 2020 The Census and Statistics Department of the Hong Kong Special Administrative Region announced the retail performance of Hong Kong in February 2020. Affected by the new coronavirus epidemic, the total retail sales of Hong Kong in February were temporarily estimated at 22.7 billion Hong Kong dollars, a 44% year-on-year drop，and was the steepest for a single month on record. Sales of jewelry, watches and valuable gifts fell the most, with a year-on-year decrease of more than 58%; followed by clothing, sales fell by 49.9% year-on-year; again, footwear, related products, and other clothing accessories, sales fell by 43% year-on-year.
Source: CENSUS AND STATISTIC DEPARTMENT OF HONG KONG -
LOWEW EN CASA
INTERACTIVITY LOWEW EN CASA - FOLLOW LIVE interactive through Instagram
11 APRIL 2020 Loewe invites candidates who have worked with the brand or who have been selected for the Loewe Craft Award to take part in their live show studio, demonstrate craft techniques, and participate in consumer Q & A interactions on Instagram. Loewe hopes that people staying at home can also visit the workshop through their screen.
Source: LOEWE -
GRAZIE SERGIO
FOOTWEAR DESIGNER GRAZIE SERGIO
4 APRIL 2020 Sergio Rossi, the famous Italian footwear designer died of COVID-19 - 3 April after few days admission to hospital in Cesena, a small town in central Italy at the age of 84.
Riccardo Sciutto, CEO Sergio Rossi Group said: "Today everyone at Sergio Rossi joins me in remembering our dear Sergio, the inspiring founder of our dream. Sergio Rossi was a master, and it is my great honor to have met him and gotten to present him the archive earlier this year. His vision and approach will remain our guide in the growth of the brand and the business. He loved women and was able to capture a woman's femininity in a unique way, creating the perfect extension of a woman's leg through his shoes. Our long and glorious history started from his incredible vision and we'll remember his creativity forever."
In 1999, French luxury goods giant Kering (Keiyun Group, then known as PPR) acquired a controlling stake in the Sergio Rossi brand, and later sold it to private equity fund Investindustrial in 2015. The transaction amount was not announced.Source: SERGIO ROSSI -
RITZ LONDON
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE RITZ London Hotel, which has never been closed in 113 years of history, is temporarily closed due to COVID-19，Barclay family sells Ritz Hotel London
1 APRIL 2020 Bloomberg has reported that the Ritz London property was sold for less than £800 million to one of Macfarlanes private Qatari investor clients. "It is a privilege to become the owner of the iconic Ritz Hotel and have the opportunity to build on its innate style and grand traditions," a spokesperson for the new owner said in the statement.
Earlier this month, Sir Frederick had said on the £1 billion price tag that there was "no place for any sale at less than the full value," and warned he would sue his relatives over any deal to offload the legendary hotel.
On March 25, affected by the COVID-19, they have taken the decision following the Government's advice, to temporarily close the Ritz London. RITZ London has never been closed in 113 years of history.Source: BLOOMBERG -
BURBERRY
COVID-19 PANDEMIC RELATED Burberry Funds Oxford University to Develop COVID-19 Vaccine Research
1 APRIL 2020 Marco Gobbetti, CEO, Burberry said of these actions: "In challenging times, we must pull together. The whole team at Burberry is very proud to be able to support those who are working tirelessly to combat COVID-19, whether by treating patients, working to find a vaccine solution or helping provide food supplies to those in need at this time. COVID-19 has fundamentally changed our everyday lives, but we hope that the support we provide will go some way towards saving more lives, bringing the virus under control and helping our world recover from this devastating pandemic. Together, we will get through this."
University of Oxford's Head of Medical Sciences, Professor Gavin Screaton, commented: "We are delighted with Burberry's generous support for the University's research into a vaccine for COVID-19. Burberry's gift is an example of forward-thinking corporate philanthropy that complements and bolsters government and other investment in Oxford's leading global talent in this field. Donations like this have real and rapid impact, allowing us to be agile in our response, to accelerate this time-critical research."Source: BURBERRY -
AIRBNB
COVID-19 PANDEMIC RELATED Airbnb suspends all market activities and will not receive any salary for the next 6 months
1 APRIL 2020 Airbnb held a phone meeting with bankers on Wednesday to discuss extending an existing $1 billion debt facility as it grapples with a slowdown due to the coronavirus, Reuters had reported.
Airbnb Inc has suspended all its marketing activities to save $800 million this year, and its founders will take no salary for the next six months while top executives will take a 50% cut, according to a person familiar with the matter.
Airbnb has also informed employees that it is unlikely for them to receive a bonus in 2020.
"Airbnb is resilient and built to withstand tough times, and we're doing all we can to strengthen our community and our company," the company told Reuters.Source: REUTERS -
BRUNELLO CUCINELLI
COVID-19 PANDEMIC RELATED Brunello Cucinelli Writes a "Spring Letter", quoting Aristotle in his letter: "even calamities have a soul and can teach us a wise life."
27 MARCH 2020 Due to the rapid spread of the COVID-19 around the world, many countries are going through very difficult times, and people's daily lives are seriously affected. Italian luxury group founder Brunello Cucinelli sent a letter entittled: The "Spring Letter" to all his employees and friends that encourages everyone to actively face COVID-19. The return of swallows has always been a natural phenomenon when the earth returns to spring, and joyful chirp of swallows is also a sign of the getting lively of everything in the earth. Brunello Cucinelli wrote at the beginning of the letter:"Who sends the swallows? Almost always, when I'm away on business during the first days of March, I call home and ask if the swallows have returned to Solomeo. I ask this question for two reasons: because I've loved them since I was a child, and because sometimes, I've heard, they stop coming back to some countries; maybe they don't fit in there anymore, and I find this a little unsettling."
"So this year too I had been waiting for them for a few days, because you can set your clock on them: on March 15 or so, here they are again, with their joyful chirping and harmonious twirling. And sure enough, yesterday, all of a sudden, they arrived. While I was sitting in my office inside the ancient castle, face to face with my morning thoughts, I caught a glimpse of them, already frenziedly busy hunting insects, coming and going laboriously under the eaves of the roof, where I welcome them as one of the most beautiful gifts of Creation. Every year I rejoice at the swallows, but in this slightly less easy year I sort of saw in them the symbol of rebirth."
Because of COVID-19, many people have learned to look at life from a different perspective. We have learned to reconcile ourselves in the past when we didn't understand or tangled things. Brunello Cucinelli says: "A few days ago I thought of us all as sailors. I like this image, because that's how Dante saw the men who pass through life. At times like this we perceive our nature as sailors even more: like Ulysses, we tie ourselves to the mast if there is a storm, and like Christopher Columbus we gaze into the horizon in search of the first birds, divine messengers of land and our Mother Earth."
"Every good sailor knows that a lighter boat is easier to steer; today, abiding by the rules of those who are responsible for our health, we have relieved ourselves of many petty habits that we perhaps believed to be indispensable to a happy life. Instead, how surprising it is to realize that after all we feel lighter, among our family, among us, in a harmonious life from another time. I would like us all to learn to see the joy that there is in painful things too."
"In today's suffering there is also the good of the moral reaction that will make us better, and perhaps tomorrow, when the memory slips away along with the suffering, we will come to the same conclusion as Aristotle, who once said that even calamities have a soul and can teach us a wise life."
We must believe that everything will be better. We must believe that today's waiting and distance are for tomorrow we smile and hug each other. Brunello Cucinelli reiterated his hope: "My dear friends and sailors, who have witnessed with me the birth of our beautiful company and who enliven it every day with your brilliant minds, I would like you to be able to steer the wheel of your vessel, just as I - as a boy - managed to keep the plow straight, while my father happily admired those straight furrows, enchanted by their beauty."
"I would like you to acknowledge the truth within the measures laid down by our esteemed leaders in the current crisis, leaders of Science, Government, Health, and I would like you to comply with them with patient discipline. I would like you to be aware but not apprehensive; I would like the certainty of a return to life as usual to be alive in you."
"There have been, in every part of the world, times and events much more painful than the present ones; yet they are now all over. The grey clouds always move away and let the free sky welcome the swallows; and you see, we do not know who sends them, but here they are, the swallows have already arrived" - BRUNELLOSource: BRUNELLO CUCINELLI -
GIORGIO ARMANI
COVID-19 PANDEMIC RELATED Giorgio Armani publishes thank you letters to all healthcare professionals in Italian newspapers
27 MARCH 2020 Italian clothing designer Giorgio Armani bought the pages of major Italian newspapers and published a letter of thanks to all healthcare professionals, thanking them for their tremendous efforts in responding to the sudden emergencies of the new crown contribution.
For Milan Fashion Week, the respected designer Giorgio Armani cancelled the Autumn and winter fashion show on the premise of protecting the health of employees and guests. Armani, who had reportedly donated 1.25 million euros to hospitals and related causes in his native Italy earlier in March. Giorgio Armani has always followed closely the work of major hospitals in Italy. He had aspired to become a doctor when he was a child and studied for several years at the Milan Medical School.
The following is the letter to all the medical staffs:
"It is moving to see you engaged in your work with the difficulties and great efforts that the whole world now knows. And above all I see you cry. I believe this feeling is connected to my dreams to pursue a medical career when I was young and looking for my way. The Giorgio Armani organisation is sensitive to this reality and is close to all of you: from the stretcher-bearer to the nurse, from general practitioners to all the specialists. I am personally close to you." - Giorgio Armani
Source: GIORGIO ARMANI -
ACCOR GROUP
COVID-19 PANDEMIC RELATED Accor Group sets up emergency service platform provide healthcare professionals and disadvantaged people with accommodation solutions
27 MARCH 2020 Accor has been prioritizing the safety and wellbeing of its customers and employees on a daily basis for more than 50 years. France currently faces a health crisis and the Group has decided to make its services available to front-line medical staff, to all French people engaged and mobilized in the fight against the spread of Covid-19, and to the most vulnerable populations.
The CEDA telephone help desk – Coronavirus Emergency Desk Accor – has been created in order to centralise needs and provide accommodation solutions across France in collaboration with Accor Group's hotel owners and the relevant authorities. As a result, requests can be sent directly by email to ceda@accor.com. This platform means we can respond quickly to needs and emergency situations.
So far, more than 40 hotels (hotelF1, ibis budget, ibis, ibis styles, Mercure and Novotel) are offering a total capacity of 1,000 to 2,000 beds to accommodate homeless people throughout the country. Accor is continuing to work in conjunction with the Minister for Cities and Housing, Julien Denormandie, and Samu Social (emergency service for the homeless) to continue to identify additional needs and respond as effectively as possible to requests nationwide.
At the same time, the Group has decided – in collaboration with the AP-HP university hospital trust and its partners – to open this service to all medical staff involved in the fight against Covid-19. They will therefore be able to access accommodation near their place of work via the CEDA platform.
In addition to these initiatives, the CEDA platform will make it possible to centralise all accommodation requests from public authorities and professional associations and to provide them with rapid and tailored responses in accordance with needs.
"Welcoming, protecting and taking care of others is at the very heart of what we do. The dedication of our owners and our teams during this period has been exemplary and we are doing everything we possibly can to meet accommodation needs as effectively as possible. As our country battles to contain this unprecedented health crisis, Accor stands side by side with those who need to be protected and those on the front line who are protecting us", said Sébastien Bazin, Chairman and CEO of the Group.
Source: ACCOR GROUP -
SHISEIDO'S BAUM BEAUTY Shiseido launches new skincare brand BAUM
27 MARCH 2020 Shiseido announced that BAUM and its new skincare solutions focus on three key characteristics found in trees: water storage, growth and environmental defence. The products have been formulated without parabens, silicones or synthetic colorants.
BAUM cooperated with wooden furniture brand Karimoku in the design of the outer packaging of the product, replacing the sustainable oak material to make its packaging bottles.
In total, 27 new products will be released as part of Baum's inaugural collection on 30 May, with a store opening at NEWoMan in Yokohama, Japan to celebrate the launch.
Source: SHISEIDO -
CATH KIDSTON
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE Cath Kidston seeks urgent buyer due to Covid-19
27 MARCH 2020 British fashion and lifestyle brand Cath Kidston has called financial advisory firm Alvarez & Marsal ("A & M") to urgently assess the company's business and the possibility of sale.
Prospective bidders have been notified that offers are needed imminently as current trading proves weaker than ever. The company usually gets around 40% of its revenue from tourists and its international business, with a strong weighting to Asia, and sales are believed to have plummeted. Cath Kidston has not released the latest financial data.
"Cath Kidston has been actively implementing a new business strategy to support the growth of the brand while managing the many pressures in the retail sector," a spokesman told Sky. "This includes dealing with the outbreak of Covid-19, which has been impacting the business globally since the beginning of the year. We have therefore initiated a process to explore options for the business, to enable the management team to continue implementing their strategy to deliver growth."
Source: SKY NEWS -
Remo Ruffini - President and CEO of MONCLER
COVID-19 PANDEMIC RELATED MONCLER CONTRIBUTE €10 MILLION TO BUILD HOSPITAL IN MILAN
23 MARCH 2020 Italian outerwear and accessories label Moncler stated it intends to contribute €10 million to help kickstart the Lombardy regional authority's effort to build in record time a specialist intensive-care facility with over 400 ICU beds. The facility will be located in halls 1 and 2 of the "Fiera Milano City" in Milan, extending over 20,000 m2 and expected to be ready in about 10 days.
"Milan is a city that has given us all an extraordinary time. We cannot and must not abandon it. It is everyone's duty to give back to the city what it has given us so far. expressed to Councillor Giulio Gallera the will to work on this great project from the moment it was first suggested, and now that its feasibility is reasonably certain, we are ready to support it. I am sure that the Lombardy regional authority's team, also helped by the experience of Guido Bertolaso [the former head of Civil Protection in Italy, who is working alongside regional governor Giulio Fontana to oversee the project, remunerated with a symbolic €1 contribution, can make this great initiative become a reality as soon as possible." Remo Ruffini, President and CEO of Moncler.
Source: MONCLER -
LVMH Group
COVID-19 PANDEMIC RELATED The first batch of hand sanitisers printed with the "CD" Dior abbreviation produced by LVMH Group was officially delivered to 39 hospitals in France
23 MARCH 2020 Rcently, the LVMH Group announced that it will transform its beauty products and perfume production lines of its brands DIOR, GUERLAIN, and GIVENCHY into "Covid-19 pandemic prevention production centers" to fully support domestic medical institutions and pandemic prevention support. This will help the French government solve the shortage of hand sanitizer due to the spread of the Covid-19 pandemic.
On March 19, the LVMH Group announced that the first batch of hand sanitizers produced had been delivered to 39 hospitals of the French National Hospital AP-HP Group. In order to gain time and let everyone use disposable hand sanitizer as soon as possible, the packaging bottles are made of Dior care products. There are thousands of hand sanitizers in this batch, and LVMH Group hopes to donate a total of 12 tons of hand sanitizers this weekend.
"I wish to thank LVMH for acting so quickly: they made us this offer on Saturday night at 9pm (2000 GMT), and confirmed it on Sunday," Paris hospitals chief Martine Hirsch told AFP.
LVMH fully accepts the deployment of central pandemic prevention until France is lifted out of the virus crisis!
Source: LE FIGARO and AFP -
FERRARI, FIAT CHRYSLER AUTOMOBILES, AND MAGNETI MARELLI
COVID-19 PANDEMIC RELATED Ferrari, Fiat Chrysler Automobiles, and Magneti Marelli Together Join for increase ventilator production in Italy
23 MARCH 2020 The Italian government has started to expand the number of intensive care beds on a large scale, requiring a large number of ventilators to support the lives of patients, and facing the growing pandemic of coronavirus, Recently, Italian luxury car brand Ferrari is planning to use the plant in Maranello to produce the ventilator parts needed by the hospital, a move to save more severe case-patients. At the same time, Ferrari is also discussing possible solutions with Fiat Chrysler (FCA) and auto parts manufacturer Magneti Marelli and Italy's largest breathing maker SIARE Engineering International to increase the production of ventilators. Gianluca Preziosa, SIARE's chief executive, said the two industries share some expertise, with both the ventilator business and automakers relying heavily on electronics as well as pneumatics.
A spokesman for EXOR, the parent company of both FCA and Ferrari, said that meetings with SIARE had taken place on Thursday to study the feasibility of the idea and that a decision was expected in the coming hours. He said that two main options were being considered: either to help SIARE engineer a capacity increase at its plant, with the support of technicians provided by FCA and Ferrari, or outsource production of ventilator parts to the carmakers' facilities. A source familiar with the matter said that Ferrari would be ready to start manufacturing ventilator parts in its famous Maranello headquarters, The FCA Group is evaluating where and how to cooperate on the production of certain parts.
Several days back, the Agnelli family donated 10 million euros to the Italian Civil Defense Department to fight the COVID-19 pandemic. FCA, Ferrari, and CNH Industrial purchased 150 ventilators and a large number of masks from China on behalf of the group and shipped them all over Italy. the automotive long-term rental company Leasys (FCA Bank) has provided the Italian Red Cross and ANPAS (the Italian National Association for Public Assistance) with a fleet of vehicles for the distribution of food and medicine to the sick, the elderly and people in need of assistance across Italy. EXOR, FCA, Ferrari, and CNH Industrial remain in close contact with the Italian Department of Civil Protection, to provide the Country with scouting services free-of-charge to identify medical equipment and healthcare products available internationally, and to provide assistance with customs-related matters to ensure expedited import to Italy.
Source: CORRIERE DELLA SERA, FIAT CHRYSLER AUTOMOBILES -
ZARA
COVID-19 PANDEMIC RELATED ZARA Owner Inditex Plan to Donate Mask and Mediacal Supplies in Spain
23 MARCH 2020 In order to help the Spanish government solve the shortage of medical supplies such as masks and medical protective clothing, Zara owner, Inditex SA plans to convert some of its fabric production lines into professional medical fabric production lines.
Inditex SA has donated 10,000 medical masks. As of this weekend, the latest 300,000 medical masks will also be delivered.
Source: INDITEX -
GERBER
TECHNOLOGY GERBER releases latest version of apparel supply chain software
23 MARCH 2020 Gerber is proud to announce the February 2020 release of their robust software platform, AccuMark®, AccuMark 3D, AccuNest™ and AccuPlan™, which continues to revolutionize the industry by digitizing the supply chain from 3D design right through production, making product development and production even faster, more efficient and sustainable.
"After speaking with our customers, we found that they were spending millions of dollars and countless hours making thousands of samples per year," said Melissa Rogers, Senior Vice President and General Manager for Software at Gerber. "So for this release, we completely enhanced our 3D workflow so that our customers could validate their designs without spending valuable time and money making physical samples, for a truly streamlined and efficient workflow."
The AccuMark February 2020 release will help exceed consumers expectations of speed, sustainability, and quality by decreasing lead time from 3 weeks to 48 hours while reducing material waste by as much as 40%. Brands, retailers, and manufacturers of all sizes will see major improvements in their production process as well with up to 25% fabric savings thanks to the powerful duo of Gerber's automated nesting solution, AccuNest.
Source: GERBER TECHNOLOGY -
Brunello Cucinelli Group
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE Italian luxury brand BRUNELLO CUCINELLI's 2019 financial report
19 MARCH 2020 Brunello Cucinelli, Chairman and CEO of Brunello Cucinelli Group commented: "We have defined the past year, 2019, as an excellent one because of the growth enjoyed by our company both from a financial point of view, with a sound increase in sales and margins, and in terms of brand positioning."
"We are leading our company with balanced apprehension and collective commitment as we try to implement all of the indications provided by the World Health Organization and our Government, fully sharing their strategies and anxiously awaiting reassuring news from the scientists around the world. With the very same dedication, we are taking care of the relationship with our Italian external production chain that represents something special for us and for our beloved nation, fully aware that what is happening to the economy is something conjunctural that will soon be solved and does not resemble the deeply structural 2008 recession that weighed upon us for years."
"Knowing that the trend in fashion has veered towards a taste more suited to our own, having completed the Spring Summer 2020 deliveries as well as the Fall Winter 2020 order collection with excellent results and with pleasing feedback from buyers and the trade press, we look towards 2020 with a positive attitude; we are fully aware that the coming year will call for a very careful reading and we will see it as separate not affecting our 2019-2022 plan and ten year 2019-2028, in which we expect to double our turnover and achieve healthy, balanced and sustainable profits."
Key financial data of the Brunello Cucinelli Group:
Net revenues of €607.8 million, +9.9% at current exchange rates (+8.6% at constant exchange rates) compared to €553.0 million at 31 December 2018;
EBITDA of €106.1 million, a rise of +11.5%;
Normalised net income of €49.3 million, a rise of +7.1%;
Sales Performance：
Italian market – growth of +1.7%, with revenues of €89.7 million (14.8% of the total), compared to €88.2 million last year.
European market – growth of +12.9%, to reach a turnover of €184.8 million (30.4% of the total) compared to €163.7 million in 2018.
North American market – growth of +9.0%, with sales of €204.1 million (33.6% of the total) compared to €187.2 million at 31 December 2018.
China – growth of +14.6%, with sales reaching €62.9 million (10.3% of the total) compared to €54.9 million last year.
Rest of the World – increase of +12.4% with sales rising to €66.3 million (10.9% of the total) compared to €59.0 million at 31 December 2018.
Revenues by Distribution Channel
Retail monobrand channel – growth of +14.6%, with sales of €339.5 million (55.8% of the total)compared to €296.3 million in 2018.
Wholesale monobrand channel – growth of +8.0%, with revenues of €32.6 million (representing 5.4%) compared to €30.2 million last year. The network has 30 boutiques compared to 27 as at 31 December 2018.
Wholesale multibrand channel – increase of +4.1%, with sales of €235.7 million (38.8% of the total) compared to €226.5 million in 2018.Source: BRUNELLO CUCINELLI -
Laura Ashley
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE British fashion house brand Laura Ashley will start bankruptcy process.
19 MARCH 2020 Audrey Hepburn wore a Laura Ashley scarf in "Roman Holiday". The brand is well known and was one of Princess Diana's favorites during her heyday.
Laura Ashley initially focused on fashion products. In 1980, the founder Laura Ashley decided to enter the home market, launching the first home collection in 1981, and then in 1982, the brand introduced interior decoration products. In 1998, Laura Ashley was acquired by the Malaysian family company MUI Asia.
Laura Ashley recently stated that it will start the bankruptcy process because the new crown virus epidemic has had a "direct and significant" impact on the company's performance, causing its stock price to plummet by more than 64%.
Laura Ashley intends to appoint Robert Lewis and Zelf Hussain as bankruptcy administrators, and said he is not sure whether the company's shareholders will have any remaining assets.
Laura Ashley's bankruptcy will cost 2,700 employees jobs and the company's shares will be suspended. Late last year, Laura Ashley applied for a £ 20 million loan from Wells Fargo Bank. However, due to recent fluctuations in the Group's inventory and deposit levels, the amount of loans that the Group can withdraw at Wells Fargo has decreased.
On February 16, The Times reported that Laura Ashley's majority shareholder, MUI Asia, was taking emergency capital injections to help Laura Ashley get out of financial trouble. Laura Ashley's lender, Wells Fargo, has imposed restrictions on Laura Ashley's loan cash withdrawals, which has led Laura Ashley to seek help from its shareholders.
The company said it was in in-depth negotiations on third-party debt financing, but was unable to obtain more funds from the lenders in a timely manner. Its largest shareholder, MUI Asia, also confirmed that it will not be able to provide the required financial support.
In February last year, the Flacks Group, an investment company owned by British businessman Michael Flacks, had stated its intention to acquire Laura Ashley at a valuation of 20 million pounds. Laura Ashley has since rejected the bid, saying the offer failed to reflect Laura Ashley's brand value.Source: Laura Ashley, The Times, Reuters -
Italy
EVENT Italian luxury and fashion makers affected by the COVID-19
14 MARCH 2020 On the evening of March 9th, Italian Prime Minister Giuseppe Conte announced that he will "enforce the closure of the country nationwide" starting on the 10th.
That is set to translate into a major sales hit for the country's 90 billion euros fashion and textile industry. Reuters spoke to a dozen textile and leather goods suppliers
Massimiliano Guerrini, whose family owns Almax, a Scandicci-based producer which makes bags for 10 brands including Kering's Saint Laurent, Gucci, and Balenciaga as well as LVMH labels, said he had seen a decline in orders "of a few percentage points" due to the coronavirus emergency in China. "I thought things were not too bad given the circumstances, but now this new alarm in Italy risks making more casualties among businesses than among people and disrupting the supply chain for the orders that are still in the pipeline," he said. "We have 270 employees and have diversified our customers, so we managed to mitigate the impact so far. But some of the smaller suppliers are not going to make it."
"We were producing 800-1,000 handbags a month for Gucci. In February we made 450 and we have no orders for March," said the owner of a small supplier for Kering's top brand employing eight people in Scandicci, a district outside Florence that is the hub of leather goods production in Italy.
Claudio Marenzi, who is in charge of fashion at business lobby Confindustria, said foreign buyers of Italian textiles had started canceling orders in late February and some retail outlets had seen sales halve."Since the virus emerged in China we knew there was going to be a slowdown in the first quarter. But now the whole year risks going up in smoke for us," he said.Source: REUTERS -
Saut Hermès
EVENT Hermès cancelled the Saut Hermès at the Grand Palais 2020
14 MARCH 2020 In view of the COVID-19 and French ministerial decree of 9 March 2020 prohibiting gatherings of more than 1,000 people, so originally the Saut Hermès at the Grand Palais 20 - 22 March 2020 is cancelled.
In a statement by Axel Dumas, CEO of Hermès: "This decision, imposed by the current situation, does not in any way detract from our attachment to equestrian competition nor from our commitment to the world's leading international show-jumpers, whom we invite to return in 2021. Bringing together a community of equestrian enthusiasts in the center of Paris continues to be close to our heart."Source: SAUT HERMÈS -
Mark Langer
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE Hugo Boss AG has released their full year 2019 results.
10 MARCH 2020 Affected by the recent epidemic, the company expects that Group's sales and profits will be significantly impact in 2020, and sales performance has changed significantly in Asia/Pacific, and other key markets have also been affected.
"2019 was an eventful year for HUGO BOSS. Importantly, we have made further progress in implementing our strategy", says Mark Langer, Chief Executive Officer of HUGO BOSS AG. "We strengthened our personalized offerings, significantly expanded our online business and increased retail sales productivity in our stores. After a very good start to 2020, our business in Asia is currently being significantly impacted by the spread of the coronavirus. Nevertheless, we are firmly convinced of the great potential of our BOSS and HUGO brands in this key region."
HUGO BOSS increased sales by 3% to EUR 2,884 million in fiscal year 2019, representing a currency-adjusted increase of 2%.
At EUR 333 million, operating profit (EBIT) in fiscal year 2019 was 4% below the prior year level (excluding IFRS 16). This is attributable to a lower gross profit margin as well as an increase in operating expenses. The latter was primarily a result of additional investments in the Group's own retail business.
Dividend increases 5 cents to EUR 2.75 per share
From a regional perspective：
Asia/Pacific stood out as particularly positive in the last year, contributing with currency-adjusted sales growth of 5%. The successes in this strategically important region are nowhere more evident than in mainland China, which again posted a significant double-digit sales increase in 2019.
Europe benefited from sales growth in many key markets, including Great Britain and France. Sales in Europe rose by 4%, adjusted for currency effects.
The difficult market environment in the U.S. and Canada weighed on the sales performance in 2019. Besides lower local demand, also sales generated with tourists decreased over there.
With the spread of the coronavirus and the associated restrictions on public life in the Asia/Pacific region, Hugo Boss significant impact in the first quarter of 2020. Hugo Boss :"more than half of the Group's around 150 points of sale in mainland China, Hong Kong and Macau have been closed since the end of January. The remaining points of sale mostly operate with severely limited opening hours and have experienced a significant decline in visitors. In addition, the Company is currently recording a noticeable decline in sales in other key markets."
Outlook 2020:
Currency-adjusted sales expected to develop in a range of 0% to +2%
From a regional (Currency-adjusted): While the Group expects currency-adjusted sales to increase at a low single-digit percentage rate in Europe. Americas are expected to see a largely stable development of currency-adjusted sales. Currency-adjusted sales in the Asia/Pacific region are forecasted to decline by a single-digit percentage rate.
EBIT forecasted between EUR 320 million and EUR 350 million
Group's net income, the Company anticipates an increase of up to 10%
Trade net working capital as a percentage of sales Increase by around 50 basis pointsSource: HUGO BOSS -
Alexander Arnault
REBRANDING RIMOWA CEO Alexandre Arnault shares with you "luxury accessories" and RIMOWA rebranding
10 MARCH 2020 On February 21, Alexandre Arnault, the youngest son of LVMH Group Chairman Bernard Arnault and CEO of LVMH Group's German luxury luggage brand RIMOWA, shared his views on "luxury goods"and rebranding strategy on RIMOWA at the Talk at GS Forum held by Goldman Sachs.
He believes that people always associate high prices with luxury goods, so they do not enter brand stores to try products, and do not want to try to learn more about the brand. The key to becoming a luxury product is not the price of the product, but the ingenuity and superior quality behind it. Many times, craftsmanship and heritage cannot be measured in money.
Rebranding Strategy on RIMOWA
In 2016, the LVMH Group acquired 80% of RIMOWA for 640 million euros. Alexandre Arnault became the co-CEO of the brand, managing the German century-old brand with Dieter Morszeck, the grandson of the founder of RIMOWA and then CEO.
One of Alexandre Arnault's rebranding strategies is to attract young millennial consumers. In the age of social media, make RIMOWA one of the fashion accessories for young people to express themselves. He constantly introduces RIMOWA's co-branded models in cooperation with different brands, such as the new travel suitcase series launched by RIMOWA and DIOR; co-branded models with off-White, Supreme and Fendi. Regarding this joint collaboration, Alexandre Arnault communicate that RIMOWA sells not only suitcases one by one, but a way of life. Let different designers and artists express their different views on travel, and let more People understand the meaning of travel from different angles. In the future, people will find that RIMOWA's new products not only conform to the brand DNA, but also have great practicality.Source: LVMH -
Renaud de Lesquen
HR GIVENCHY NAMES NEW CEO
10 MARCH 2020 LVMH Group announces an internal transfer: Givenchy has named Renaud de Lesquen their new CEO. Currently, de Lesquen is president and CEO of Dior Americas. He will step into his new role on April 1. He was also the President of DIOR China for 4 years
In 1993, he joined L'Oreal Group, working for Lancôme in France and U.S, CEO of Yves Saint Laurent Beauté, and for Giorgio Armani Beauty.
Source: LVMH -
Yana Peel
HR CHANEL Appointed Yana Peel as International Arts and Culture Director
10 MARCH 2020 Her mission, on a global basis, is "to enhance the position and influence of Chanel as a brand and corporation. Yana Peel will broaden our collaborations with the arts and with the culture sector, and will lead new, inspirational projects. She will also design the label's future culture-related programmes, drawing on those already developed by our staff," stated Chanel.
Source: CHANEL -
LVMH
CHARITY For International Women's Day, LVMH inaugurated the day with French Charity Secours Populaire to help restore women's self-confidence.
8 MARCH 2020 On March 6, LVMH and Secours Populaire cooperated again at the Palace of Versailles, and the event was named "Une Journée Pour Soi". This charity event is dedicated to helping women restore their self-confidence by enjoying beauty workshops, photoshoots and other activities that are conducive to their happiness.
Source: LVHM -
Armarium
FASHION Luxury Fashion Rental Startup Armarium Will Close This Week
6 MARCH 2020 Aemarium, the fashion rental startup will permanently shut down on March 7th. Armarium was co-founded by Trisha Gregory and Alexandra Lind Rose in 2016 and is headquartered in New York.
CEO Trisha Gregory said that the company needs to face many problems such as high costs, complex logistics and customer service, while also spending "a lot of time and resources to change the market's stereotypes on luxury leasing models."
Source: Bloomberg -
Virgin Galactic Open Online Registration
TRAVELS Virgin Galactic Open Online Registration
6 MARCH 2020 Virgin Galactic announced that now preparing to release its next tranche of seats for sale to the general public. They launched a project named "One Small Step" and prepared a reservation application service for customers who are serious about flying to space. The customer needs to deposit $ 1,000 in advance. When the "One Small Step" is officially sold in the future, they will have pre-emptive rights.
Commenting on the new initiative, Stephen Attenborough, Virgin Galactic's Commercial Director said: "We have been greatly encouraged by the ongoing and increasing demand seen from around the world for personal spaceflight. One Small Step allows us to help qualify and build confidence in our direct sales pipeline, as well as to ensure that those who are most keen to make reservations, are able to do so at the earliest opportunity".Source: Virgin Galactic -
Daniel Craig
FASHION & MOVIE Tom Ford to Dress Daniel Craig in No Time To Die
3 MARCH 2020 It has been announced that Tom Ford is dressing Daniel Craig again for the latest James Bond movie - No Time To Die. He will also be dressing the movie's new female character Nomi, played by Lashana Lynchi. This is the fourth time Tom Ford is dressing Daniel Craig for the James Bond movie.
Tom Ford is CEO and Creative Director of his own brand. He commented: "I could not be happier to be dressing Daniel Craig as James Bond again in the upcoming film, No Time To Die. James Bond epitomizes the TOM FORD man in his elegance, style and love of luxury. It is an honor to move forward with this iconic character."Source: 007 -
CREED
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE PRIVATE EQUITY FUND BUYS INTO ANCIENT FRENCH PERFUME BRAND - CREED
29 FEBRUARY 2020 BlackRock's Long Term Private Capital private equity fund (LTPC), in association with Spanish businessman Javier Ferrán, has become the majority shareholder of CREED. The operation's value was not disclosed.
Olivier Creed is member of the sixth generation of the Creed family and who will continue in the role of master perfumer. Javier Ferrán is currently the president of Diageo.
"This company has been with my family for over 250 years and it was essential that, when the time came, I was able to choose the best partners for preserving our heritage as a luxury family company, while also helping us to expand worldwide," said Olivier Creed, whose son Erwin is also working at the company.
The brand operates two stores in Paris, one in London and four in the USA.Source: CREED -
GENEVA INTERNATIONAL MOTOR SHOW
EVENTS THE GENEVA INTERNATIONAL MOTOR SHOW CANCELLED
29 FEBRUARY 2020 The Geneva International Motor Show is canceled. The event was originally planned for March 5-15, 2020.
Maurice Turrettini, Chairman of the Foundation Board said: "We regret this situation, but the health of all our participants and exhibitors is our top priority. This is a 'force majeure' case which is a tremendous loss to the manufacturers who have invested massively for their presence in Geneva. However, we are convinced that they will understand this decision."
It is expected that more than 10,000 journalists and about 660,000 visitors will visit the venue.Source: Palexpo SA -
WATCHES & WONDERS GENEVA
EVENTS UPCOMING EDITION OF WATCHES & WONDERS GENEVA 30TH INTERNATIONAL SALON CANCELLED
29 FEBRUARY 2020 Watches & Wonders 30th Salon, scheduled to be held from April 25 to 29, 2020 is canceled due to the recent impact of the Coronavirus - COVID-19, it was announced.
Foundation de la Haute Horlogerie said: " In view of the latest developments concerning the worldwide spread of the Coronavirus -COVID-19, it is the duty of Fondation de la Haute Horlogerie's as organiser of Watches & Wonders Geneva to cancel the event in anticipation of the potential risk of the virus spreading during the international gatherings."Source: Foundation de la Haute Horlogerie -
Luxe Pack Shanghai Exhibition Postponed
EVENTS LUXE PACK SHANGHAI EXHIBITION POSTPONED
27 FEBRUARY 2020 Given the recent severe situation of the coronavirus (COVID 19) in China, Shanghai International Luxury Packaging Exhibition announced that the exhibition originally scheduled to be held from April 8 to 9, 2020 at the Shanghai Exhibition Center will be postponed to July 7, 2020. The organiser stated: "In order to implement the decision-making and deployment of the State Council and the Shanghai Municipal Government and to do our best to prevent and control the epidemic, the organizer carefully made this decision after consulting closely with partners, venues and local teams to ensure physical health and safety of all exhibitors, visitors, and staff is our top priority. "
Source: Shanghai International Luxury Packaging Exhibition -
Milano Salone Del Mobile Exhibition Postponed
EVENTS MILANO SALONE DEL MOBILE EXHIBITION POSTPONED
27 FEBRUARY 2020 MILANO SALONE DEL MOBILE Exhibition officially announced that the exhibition scheduled to be held from April 21 to 26, 2020 was postponed to June 16 to 21, 2020.
Source: MILANO SALONE DEL MOBILE -
COSMOPROF WORLDWIDE BOLOGNA EXHIBITION POSTPONED
EVENTS COSMOPROF WORLDWIDE BOLOGNA EXHIBITION POSTPONED
27 FEBRUARY 2020 BolognaFiere Cosmoprof SpA, organizer of Cosmoprof Worldwide Bologna, has officially announced that the 2020 edition will be postponed: Cosmopack and Cosmo Perfumery & Cosmetics will be held from 11th till 14th June – Cosmo Hair & Nail & Beauty Salon will be held from 12th to 15th June 2020.
"The latest news concerning Novel Corona Virus in Italy have forced us to review our positions" - says Gianpiero Calzolari, President of BolognaFiere. – "In agreement with the Regional Government of Emilia Romagna and with the Municipality of Bologna, we have assessed the situation, and postponing the event is currently the most correct solution, to support Italian institutions engaged today in protecting our health".
"The decision to postpone the event from 11 to 15 June is a further evidence of our commitment to support the development of the cosmetic industry worldwide" - says Enrico Zannini, General Manager of BolognaFiere Cosmoprof SpA. – "In this way we can offer to the over 3,000 exhibitors of this edition and to the 265,000 operators attending our exhibition every year a high-quality business event, as in the tradition of Cosmoprof. I would like to thank our exhibitors and our partners for their understanding in the latest weeks, due to the complicated scenario in which we are involved. Thanks to the collaboration of the entire industry, our event in June will be a key moment for our sector".
"Cosmetica Italia is working together with its historic partner, BolognaFiere Cosmoprof, sharing the decision to postpone the fair to ensure maximum health and safety conditions for operators and visitors to the event" – says Renato Ancorotti, President of Cosmetica Italia - Italian association of cosmetic companies. – "Our goal is to be side by side on the occasion of the new appointment, to reconfirm the excellence of the Italian cosmetic industry, recognized all over the world and reacting positively even in contexts of uncertainty."Source: BolognaFiere Cosmoprof SpA -
Olay will stop retouching models in advertiement
BEAUTY OLAY WILL STOP RETOURCHING MODELS IN ADVERTISEMENT
27 FEBRUARY 2020 Recently, the skincare brand OLAY, the skincare brand owned by Procter & Gamble announced at its New York event that it plans to stop retouching the image in OLAY advertisements by the end of 2020, including print, digital, television and outdoor advertising. In the future, OLAY 's new advertisements will be marked with "Skin Promise" logo below the pictures, indicating that the skins presented by the models and stars in OLAY's ads are natural and real skin. OLAY has always been a household name, and this move proves the brand's sense of responsibility to customers and one of the most appropriate publicity strategies!
Source: OLAY -
Aston Martin DBX With 'Q-by Aston MArtin Option'
AUTO Aston Martin DBX will be available at the 89th Geneva International Motor Show
27 FEBRUARY 2020 Featuring a range of bespoke 'Q by Aston Martin – Commission' and exclusive 'Q by Aston Martin – Collection' design features, this example of the brand's recently unveiled SUV once again highlights the rule-breaking customisation that is achievable through the marque's 'Q by Aston Martin' service.
Marek Reichman, Aston Martin Executive Vice President & Chief Creative Officer said, "While our designer specifications previously demonstrated an incredibly broad range of choice and expression from our existing palette of colours and materials, 'Q by Aston Martin' offers the tools to those who have an uninhibited desire to push the boundaries of what is achievable".
The work of Aston Martin's award-winning in-house design team - led by Chief Creative Officer, Marek Reichman - DBX manages to bring a level of sculpture and sleekness to a sector perhaps not normally known for elegance. The fastback look of DBX cleverly positions the visual mass of the car over the rear wheels, just as you see in Aston Martin's sports cars, but it does so without compromising ingress and egress. Meanwhile the long wheelbase not only provides excellent interior packaging, but also allows a lower, sleeker roofline, giving elegance to the overall shape. Despite the elegance inherent in this model, Aston Martin's darker side is personified in this unique example, portraying an aggressive, confident side of the marque through a range of bold features.
"Q by Aston Martin – Commission' allows customers to create tailored options for their personal specification. 22" gloss black painted wheels complement the car's bold exterior. Inside, a bespoke diamond patterned satin chrome aluminium jewellery pack machined from solid sits amongst swathes of Obsidian Black leather. Carbon fibre machined from solid to create a technical finish clads the central console and door inserts, while an expansive single piece of herringbone carbon fibre can be found throughout the floor of the car's storage area.
Perhaps the most eye-catching feature within the DBX's cabin is a unique carbon fibre finish used for the car's floating centre console and door trims. Delivering a technical finish to the car's interior, the central piece is machined from a solid block consisting of 280 individual layers of carbon fibre, laid meticulously by hand. After a 12-hour curing process, 90-hours of five-axis milling are required to deliver the stunning finish shown today.
For customers looking for highly-exclusive yet attainable options, look no further than the 'Q by Aston Martin – Collection'. Featuring Satin Xenon Grey paint, a carbon fibre lower exterior pack and black anodised tread and sill plaques, each of these options have previously been developed by the luxury British marque's in-house design team and are available to order now.
Reichman added, "Of course, the example shown today is just one sphere of inspiration that can be explored, but with DBX providing the ultimate canvas to bring a vision to life, I fully expect to see a wide and broad variety of creations over the coming months".
Aston Martin will be available at the 89th Geneva International Motor Show on stand 2229 where the DBX styled through 'Q by Aston Martin' will be on display from Wednesday 4 March 2020.Source: ASTON MARTIN -
SHANGRI-LA HOTELS & RESORTS
MEMBER NEWS SHANGRI-LA GROUP EXTENDS GOLDEN CIRCLE PROGRAMME TIER STATUES AND BENEFITS
FEBRUARY 2020 In view of the recent coronavirus - COVID-19 outbreak, Golden Circle, the loyalty programme of the Shangri-La Group, is extending tier status for its Diamond and Jade members globally. With this extension, all Golden Circle Diamond and Jade members will maintain their current tier status and benefits until 31 December 2021. The updated status validity will be reflected in members' profiles with immediate effect.
"The health and wellbeing of our guests and members are of utmost priority to us. We understand that because of the COVID-19 situation, our members' travel plans may have been impacted and/or their hotel stay affected," said Wee Kee Ng, Vice President, Marketing (Loyalty), Shangri-La Group. "To alELEVATE our Diamond and Jade members' concerns on the validity of their membership status and as an expression of our gratitude for their continued support, we have opted to extend their membership status and benefits globally."
Given the latest developments on the COVID-19, Shangri-La Group will also extend its cancellation waiver policy for all guests travelling to any of our hotels in Greater China, and for guests who plan to travel from Greater China and Korea to any of our hotels globally, on or before 31 March 2020. The Group will waive the cancellation charges regardless of booking channel for bookings made prior to 1 March 2020. Please refer to the terms & conditions for reservations made after 1 March 2020.
Status and Benefits, Terms & Conditions, Please check with Shangri-La Group's official website for details.Source: SHANGRI-LA HOTEL & RESORTS -
ACCOR
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE ACCOR MAINTAINS SALES GROWTH IN TROUBLED TIMES IN 2019
26 FEBRUARY 2020 The key financial data of the Accor Group in fiscal year 2019 are as follows:
•Consolidated full-year 2019 revenue totaled €4,049 million, up 3.8% like-for-like (LFL) and up 16.0% as reported compared with full-year 2018.
•EBITDA UP 14.8% TO €825 MILLION (+5.9% LFL)
•RECURRING FREE CASH FLOW OF €434 MILLION
•NET PROFIT, GROUP SHARE OF €464 MILLION
Sébastien Bazin, Chairman and CEO of ACCOR, commented:
"The Group delivered a record performance again for FY 2019. This is all the more outstanding against a difficult macroeconomic background and in light of our successful transformation, parallel to achieving growth. Today, Accor is more diversified than ever, and a fully asset-light group. Going forward, we will pursue the execution of our strategy, focusing on our roadmap and value creation for shareholders. While these are challenging times for China, our thoughts are with the Chinese people, our teams, our clients and our partners there. As we are actively managing the situation in the region, our focus is on the fundamentals, which are the cornerstone of our business model: the excellence of our 300,000-strong workforce, our powerful brands, our top-performing distribution tools and loyalty programs, our consolidated leadership position in high potential regions, and our highly robust financial position. By leveraging these assets, we are confident in our ability to pursue our growth objectives and enhance sustainable shareholder returns."
The full-year 2019 results confirm the strength of the asset-light model. The company delivered on its targets despite the uncertain environment.
After adding a record 45,108 rooms (327 hotels) on an organic basis during the period, including 12,954 rooms (65 hotels) in the Luxury segment, Accor had a portfolio of 739,537 rooms (5,036 hotels) and a pipeline of 208,000 rooms (1,206 hotels) at December 31, 2019, of which 76% in emerging markets.
M&F revenue increased substantially in Europe (up 4.0% like-for-like), underpinned by RevPAR growth of 2.6% all segments combined.
•In France, RevPAR was up 2.6% like-for-like. The strong first half of the year, buoyed by events such as the Paris Air Show and the FIFA Women's World Cup, was offset by a softer end of year. The Paris region (RevPAR up 1.6% in full-year 2019) suffered from the absence of certain major conventions (Autoshow, SIAL,...) and from the strikes, which had an impact on corporate customers in the fourth quarter, while the regional cities were more resilient (+3.3%);
•RevPAR remained stable (+0.2%) in the United Kingdom, with considerable differences persisting between London and the regional cities. The increase in RevPAR in London (+2.0%) reflected the still-dynamic domestic tourism market, offsetting the decline in RevPAR seen in the regional cities (-1.7%) due to soft corporate demand;
•RevPAR rose by 1.4% in Germany. RevPAR growth picked up in the fourth quarter, as expected, due to a more favorable trade fair calendar.
M&F revenue in Asia-Pacific was up 2.3% like-for-like despite slightly negative RevPAR for full-year 2019 (-0.9%). The trend continued to worsen in the fourth quarter (-1.9%).
• M&F revenue in Asia-Pacific was up 2.3% like-for-like despite slightly negative RevPAR for full-year 2019 (-0.9%). The trend continued to worsen in the fourth quarter (-1.9%).
•RevPAR was down 6.1% in China in full-year 2019. While domestic demand remained strong, trade tensions between China and the United States, combined with the unrest in Hong Kong, continued to cause market conditions to deteriorate. This had a significant impact on business;
•RevPAR growth in Australia was slightly negative at -0.8%. The slowdown in tourism from China affected demand and the major fires that broke out in the country had an adverse impact at the end of the year.
M&F revenue in the Middle East & Africa region rose by 5.3% despite moderate RevPAR growth of 0.9%. This strong growth in revenue can be attributed to the expansion of the network in the region and the receipt of payments for breach of contract.
M&F revenue in North America, Central America & the Caribbean was up 1.5%, driven by 0.7% RevPAR growth in the region.
Lastly, South America continued to post significant growth, particularly in Brazil, with revenue up 13.0% reflecting a 12.3% increase in RevPAR.Source: ACCOR -
Miuccia Prada & Ralf Simons
HR - APPOINTMENT RAF SIMONS WILL JOIN PRADA AS CO-CREATIVE DIRECTOR
25 FEBRUARY 2020 Their first show will be the Spring/Summer 2021 womenswear show, presented in Milan in September 2020.
Raf Simons, born in 1968 in Belgium, graduated from LUCA School of Arts. He founded his namesake brand Raf Simons in 1995 and launched another brand Raf by Raf Simons in 2005. In June of the same year, he joined Jil Sander, who was still part of Prada, as a creative director. That same year, Raf Simons met Miuccia Prada.
As released by the company: "This partnership, encompassing all creative facets of the Prada label, is born from a deep reciprocal respect and an open conversation - it is a mutual decision, proposed and determined by both parties." Looking forward to their "surprises" for the big show in September.Source: PRADA -
Off-White
OPENING OFF-WHITE OPEN POP-UP STORE IN PARIS
25 FEBRUARY 2020 Off-White c/o Virgil Abloh™ eyewear & jewellery" open pop-up store in Rue Saint Honorè 229 - Paris, France, near away from the Jardin des Tuileries. According to Off-White Instagram: From February 24th, Off-White will cease operation to its permanent store in Paris.
Available in the pop-up store amongst others are: mini arrow earrings, necklaces, rings, pendants, oversize and aviators eyewear for women and men.Source: OFF-WHITE -
CHANEL
EXPOSITION CHANEL LA BEAUTÉ SE CULTIVE EXPOSITION IN PARIS
25 FEBRUARY 2020 In today's uncertain economic situation, the global beauty market is still booming, and its performance is encouraging. The market looks for a well-known brand and the ingredients used for their beauty product. These two factors are key values. Beauty brands are actively researching and developing beneficial products concentrating on skincare and their beauty effects.
CHANEL is holding a horticultural experience exhibition from March 28th to 29th. This exhibition will display rare plants collected by CHANEL. These plants are from CHANEL's laboratories around the world. These precious plants are used for research and the formulation of ingredients for CHANEL skincare products. This exhibition is a move by CHANEL to allow consumers to better understand the care of beauty on the skin, while also interacting with consumers in a more meaningful way.Source: CHANEL -
Andrea Guerra
HR - APPOINTMENT LVMH APPOINTED ANDREA GUERRA AS CEO OF LVMH HOSPITALITY EXCELLENCE AND MEMBER OF THE EXECUTIVE COMMITTEE
23 FEBRUARY 2020 LVMH has announced the appointment of Andrea Guerra as CEO of LVMH hospitality excellence and a member of the executive committee effective March 16, 2020. Andrea Guerra has been the CEO of eyewear manufacturer Luxottica and was a senior strategic consultant to former Italian Prime Minister Matteo Renzi.
Source: Dow Jones News -
Antoine Gagey
HR - APPOINTMENT FOUNDER OF JEAN-PAUL GAULTIER AFTER RETIREMENT APPOINTED ANTOINE GAGEY AS NEW GENERAL MANAGER
23 FEBRUARY 2020 Jean-Paul Gaultier, the designer of the Spanish perfume fashion group Puig, has appointed Antoine Gagey as the new general manager. Antoine Gagey is the co-founder of Coralie Marabelle French designer brand and has previously worked for the Boston Consulting Group.
Source: FashionNetwork -
Olivier Theyskens
HR - APPOINTMENT AZZARO NAMED OLIVIER THEYSKENS ARTISTIC DIRECTOR
23 FEBRUARY 2020 Azzaro announced the appointment of Belgian designer Olivier Theyskens to replace Maxime Simoëns as the brand's new creative director. Olivier Theyskens graduated from the Belgian School of Design La Cambre. Next, Olivier Theyskens will be responsible for the design of the brand's Haute Couture, ready-to-wear and men's and women's accessories. 2020 Paris Couture Week will be the first show for Olivier Theyskens in his new role.
Source: FashionNetwork -
L'Oréal Group Sales
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE L'ORÉAL GROUP SALES GROWTH IN 2019 HITS BEST SALES GROWTH OF THE DECADE
23 FEBRUARY 2020 Commenting on the Annual Results, Jean-Paul Agon, Chairman and CEO of L'Oréal, said: "L'Oréal closed the decade with its best year for sales growth since 2007, at +8.0% like-for-like, and an excellent fourth quarter, in a beauty market that remains very dynamic.
All Divisions are growing. L'Oréal Luxe sales exceeded 11 billion euros, driven by the strong dynamism of its four big brands – Lancôme, Yves Saint Laurent, Giorgio Armani and Kiehl's – which all posted double-digit growth. The Active Cosmetics Division had its best year ever, with La Roche-Posay sales exceeding one billion euros. Growth at the Consumer Products Division was boosted by L'Oréal Paris which had a great year. Lastly, growth improved in the Professional Products Division; the highlight was the double-digit performance of Kérastase.
Performances by geographic Zone were contrasted. The New Markets posted their strongest growth for more than 10 years. Asia Pacific became the Group's number one Zone, with a remarkable end to the year in China, but also good growth in South Korea, India, Indonesia and Malaysia. Eastern Europe maintained its strong growth rate, and Western Europe returned to growth last year. North America was impacted by the poor performance in makeup.
E-commerce and Travel Retail, which are also powerful growth drivers, contributed strongly to the Group's success. E-commerce grew spectacularly by +52.4% and accounts for 15.6% of sales. Travel Retail maintained its strong momentum and posted growth of +25.3%.
2019 also saw good growth in our profits. The strong growth in sales and the increase in gross profit, combined with the lower weight of operating expenses, enabled us both to invest more in our brands and to improve our profitability.
Once again this year, the strength of L'Oréal's well-balanced business model paid off. It is the universal presence of L'Oréal, which covers the whole beauty market, combined with its talented teams all over the world, which enable the Group to keep on achieving profitable and sustainable growth, while again strengthening its position as the beauty market leader.
Meanwhile, in a world that was hit particularly hard by climate-related uncertainties in 2019, L'Oréal is continuing its initiatives to promote responsible and sustainable growth. For the fourth consecutive year, CDP awarded the Group three A ratings for its initiatives in tackling climate change, sustainable water management and combating deforestation. L'Oréal was also recognised, for the tenth time, as one of the world's most ethical companies by Ethisphere Institute. And lastly, the Group is playing a major role in gender equality, and its leadership in this field has been recognised by Equileap and Bloomberg. These extra-financial performances are a source of pride for the Group, which is firmly committed to promoting a responsible and sustainable model.
The coming weeks will certainly be challenging for the people of China in their battle against the coronavirus epidemic, and we want to convey our deepest solidarity with them. We are of course fully supportive and united with our Chinese teams, and are carefully monitoring the situation. We trust the Chinese authorities to take effective and appropriate measures to best contain this epidemic.
This context will have a temporary impact on the beauty market in the region and therefore on our business in China and Travel Retail Asia, even if it is too early to assess it. The experiences we have had with similar situations in the past (SARS, MERS, etc.) show that, after a period of disturbance, consumption resumes stronger than before. Therefore, at this stage, and assuming that this epidemic follows a similar pattern, we are confident in our capacity this year again to outperform the beauty market and achieve another year of growth in both sales and profits."
The key financial data of L'Oreal for fiscal year 2019 are as follows:
•Sales grown by +10.9% to 29,873.6 million euros.
•operating profit has grown by +12.7% to 5,547.5 million euros, amounts to 18.6% of sales.
•Net profit excluding non-recurring items after non-controlling interests amounted to 4,356.9 million euros, an increase of +9.3%
•Earnings per share, at 7.74 euros, is up by +9.3%
By Geographic Zone：
WESTERN EUROPE：The Zone recorded growth of +1.8% like-for-like and +2.6% to 8,277.1.
NORTH AMERICA： The Zone is at -0.8% like-for-like and +4.6% to 7,567.0 million euros.
ASIA PACIFIC: The Zone grew by +25.5% like-for-like and +30.4% to 9,658.0 million euros.
LATIN AMERICA: The Zone is at +2.0% like-for-like and -0.7% to 1,773.1million euros.
Eastern Europe: the Zone recorded growth of +9.0% like-for-like and +8.9% to 1,909.7 million euros.
Africa, Middle East: the Zone is at -4.1% like-for-like and -0.7% to 688.7 million euros.
By Division：
The Professional Products Division recorded annual growth of +3.2% like-for-like and +5.5%, sale to 3,441.9 million euros
The Consumer Products Division ended the year at +3.3% like-for-like and +6.0%, sale to 12,748.2 million euros
L'Oréal Luxe has grown by +13.8% like-for-like and +17.6% sale to 11,019.8 million euros
The Active Cosmetics Division achieved record growth of +15.5% like-for-like, the Division's highest growth rate for 20 years. Growth based on reported figures is at +17.1%, sale to 2,663.7 million eurosSource: L'ORÉAL FINANCE -
KERING
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE KERING DENIES IT WILL ACQUIRE MONCLER
23 FEBRUARY 2020 At Kering Group's 2019 financial report conference, the chairman of the group, François-Henri Pinault, responded for the first time, and he denied that Kering had rumored to acquire Moncler.
Pinault spoke about his connection with the CEO of Moncler. "I've met Remo Ruffini on several occasions, because he is a significant figure in the luxury industry, and I will see him again soon. But this doesn't mean an acquisition is on the cards. There is nothing on the horizon," said Pinault.
Source: FashionNetwork -
Hugo Boss
CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE ITALIAN INVESTOR MARZOTTO INCREASES STAKE IN HUGO BOSS
23 FEBRUARY 2020 The Italian family increased its shareholding through its Zignago Holding entity to more than 15%, according to regulatory filings. The Marzottos are the only major shareholder in the company. Hugo Boss posted a 5% increase in sales to €825 million for the fourth quarter of the year, or 4% when adjusted for currency exchange.
Affected by Novel Coronavirus Pneumonia, Hugo Boss has had to close some stores in China and shorten opening hours of others, but the company said it is too early to assess the impact of these measures.
Source: Hugo Boss -
The Estée Lauder Companies Inc. CAPITAL INVESTMENT, M & A / FINANCIAL UPDATE FABRIZO FREDA SPEAK IN ESTÉE LAUDER COMAPNIES INC (EL) Q2 2020 EARNINGS CALL TRANSCRIPT
23 FEBRUARY 2020 The Estée Lauder Companies Inc. (NYSE: EL) reported exceptional financial results for its second quarter ended December 31, 2019. Net sales of $4.62 billion increased 15% from $4.01 billion in the prior-year period. Excluding the impact of currency translation, net sales increased 16%.
Net earnings were $557 million, compared with $573 million last year. Diluted net earnings per common share was $1.52, compared with $1.55 reported in the prior-year period. Adjusted diluted earnings per common share rose 21% to $2.11.
Fabrizio Freda - Estée Lauder President and Chief Executive Officer in the conference call for global institutional investors and analysts repeatedly emphasized the company's confidence in the Chinese market:
"Thank you, Rainey and good morning to everyone. We delivered exceptional results in the second quarter, which I will elaborate on shortly, but first I want to acknowledge how concerned we are for all the people including our employees and consumers who are affected by the recent outbreak of the coronavirus in China and around the world. Our hearts go out to them and I will discuss what steps our company is taking to support them in a few minutes. In the second quarter, our prestige beauty portfolio resonated with consumers globally. Our successful strategy based on multiple engines of growth once again helps fuel our performance as we grew in all regions and all major categories. Skin care rose in every region as did fragrance and hair care while makeup grew internationally. The company generated 16% constant currency sales growth, the highest organic growth rate in 20 years in the seasonally largest quarter of our fiscal year, allowing us to gain significant share in global prestige beauty. While our second quarter continues to be boosted by holiday, it now also includes another important event driver, single day.Our advanced planning for these events delivered strong growth across our business led by Asia-Pacific region, the global online and travel retail channels, and the skincare and fragrance categories powered by the extraordinary performance of Estee Lauder, La Mer and our luxury and our seasonal fragrance brands.
With disciplined expense management, we leveraged our sales growth into a 21% increase in adjusted diluted earnings per share. Our strong performance reflected smart and deliberate investments in the best opportunities worldwide including focused product innovations, increased advertising, enhanced digital marketing, better use of data analytics, a greater local relevance. We attracted a broader group of consumers and continued to build strong repeat rates for our products driving greater loyalty. During the quarter, we completed the acquisition of the Korean-based be Have & Be Company after having taken a minority stake four years ago. It's Dr. Jart+ skincare brand has grown rapidly with cutting edge innovation and excellent speed-to-market capabilities.We are optimistic about our first acquisition in Asia and we see many opportunities to further cultivate the brand globally as consumer interest in skincare continues to expand.
Our momentum continued in the first three weeks of January, but as you all know, the global environment has changed meaningfully following the outbreak of the coronavirus. Our thoughts are with individuals who have been diagnosed and those who have mourned family and friends. The Chinese government has responded in a very serious manner along with many other countries and organizations and they are working tirelessly to address and contain the outbreak and help those afflicted. As a company, we are focused on the well-being of our employees in China and globally and are taking appropriate measures to protect them based on guidance from local authorities and the World Health Organization. Our consumer and business partners in China and elsewhere are also top of mind and we are actively engaged in ways to support them. We are pledging RMB5 million to support coronavirus relief effort for needs across China. We are matching donations of US based employees to assist with the outbreak. We are working on various support initiatives to support people and their recovery.
Over the past 10 years in my role as CEO, I've made numerous trips to many regions of China. I met with our local employees, talked to consumers of all ages and conferred it with our business partners. I've traveled all over to learn more about these beautiful country, it's wonderful people. My heart goes out to the citizens of China during this difficult time and I look forward to my next trip there, hopefully in the near future. Although it is difficult to anticipate the full impact of the coronavirus on our business, we expect the next couple of months will be very challenging. Chinese consumers in many big cities are staying home and retailers are closing stores or limiting hours in an effort to help contain the spread of the virus. Additionally, global travel is being restricted and the effect is being felt beyond China into major travel retail corridors and large tourist cities. Given what we know now and our experience with past epidemics, we believe our business will gradually recover toward the end of the fiscal year.
We stand ready to invest to facilitate the recovery as soon as the market supports it, leveraging the flexibility of our resource allocation and our multiple growth drivers. We remain committed to China and to the Chinese consumers for the long-term and plan to increase our R&D investment in the market in order to drive bold breakthrough prestige beauty innovation for China, the Asia-Pacific region and the rest of the world. Reflecting China leadership in science, we will expand upon our existing in-market capability, build a new state-of-the-art innovation center complete with the latest technologies and tools. This facility will also highlight our passion and commitment to quality, sustainability, and employee wellness. Our enhanced capability and capacity will ensure we meet the needs of Chinese and Asian consumers with local relevancy and local trends as well as with creativity, agility, and speed. This investment aims to sustain the long-term development of our company in China and around the world. We will continue working to advance these new developments and look forward to sharing more details in the future.
Turning back to the second quarter results, The Estee Lauder brand was again a star in our portfolio. The brand grew strong double-digit globally in both skincare and makeup and rose in every region powered by its many hero franchises, including Advanced Night Repair as well as Re-Nutriv, Revitalizing Supreme+, Micro Essence, and Double Wear. This is a beautiful example of our multiple engines not only winning across many brands, but also within a big brand. Re-Nutriv, Estee Lauder luxury skin care line delivered superb results supported by targeted marketing with the luxury consumer, enhanced merchandising, and desirable innovation.
Looking now at our geographic results, sales advanced in every region with strengths across categories. In Asia-Pacific, virtually every market grew led by China, which accelerated generating strong double-digit growth as all our brands, category and channels advanced. We had terrific growth from smaller cities in China, which are becoming a greater part of our business and a promising long-term growth driver. We have expanded into two new cities, bringing our total to 123. Our online business in China more than doubled elevated by well-integrated online and offline campaigns for Singles' Day. The Estee Lauder brand was among TMall best performers for the event while MAC, La Mer and Jo Malone London each excelled in their respective categories. Our brand expansion strategy on TMall was a distinct advantage. As an example, following Tom Ford Beauty launch on TMall in 2019, the brand executed its first Singles' Day to tremendous success in both fragrance and makeup. Its performance was twice that of its Tmall launch day, which was our biggest launch ever on the platform. Chinese consumer interest in prestige fragrance category is rising. We are nicely position with our wide portfolio of luxury fragrances: Jo Malone London and Tom Ford Beauty excelled in the quarter helping to further diversify our business in China. We plan to launch additional luxury fragrance there later this year.
We delivered strong growth in our other emerging market outside of China led by terrific results in Russia, India, Thailand, and Brazil. In the quarter, we continued to invest for growth and attract new consumers. For example, Brazil is the fourth largest market globally for hair care and we launched Aveda, our 10th brand there. We are showcasing the brand historical commitment to sustainability, the environment and botanically based product with a salon in Sao Paulo that includes sustainable elements. Across Europe, the Middle East and Africa, Estee Lauder, MAC, Clinique and La Mer, our four biggest brands prospered, demonstrating the appeal of established brands that have broad exposure to multiple sub-categories and compelling innovation. Every category advanced in the region. Our skin care brand led the growth which sought after newness from La Mer, Darphin, and Origins. The U.K. grew modestly for the second consecutive quarter in a difficult environment and several of our brands gained share. Our growth strategy is showing promise amid macro industry specific headwinds.
In North America, we made good progress toward stabilization of the business. We leaned into our multiple engines of growth, leveraging our successful skin care and fragrance franchises during the holiday season in light of industry challenges in makeup. There were several bright spots. Brand representing about half of our sales grew and we had gains in the specialty multi and online channels. In fact, La Mer delivered record Black Friday sales on its own sites driven by unique product assortment and influencer-led holiday campaign. As we work to rejuvenate the makeup business in North America, we are creating products that leverage consumer insights from our enhanced data analytics. For example, we learned consumers want products that combine skin care benefits with makeup. In response, the Estee Lauder brand just launched Futurist Hydra Rescue, a new moisturizing foundation combining the positioning of our winning Futurist franchise in China with consumer needs in North America. The launch is off to a very strong start with high ratings and reviews.
Looking now at the channels, our global online business delivered stellar results. Our brand sites, third-party sites, and retailer sites all grew double-digit with broad-based strength across the regions. Our online business was vibrant globally around Cyber Monday as our brands offered well received products and set in the important holiday gifting-giving season. We continue to invest in our excellent growth prospects online. We launched our brands on more third-party sites, which are rising in popularity, deployed new digital payment technologies across several of our brand sites in the U.S., and expanded our loyalty programs. With reach and engaging content, we have increased the time consumers spent on our brand sites and traffic has grown, increasing the inherent media value these sites provide. Travel retail also continued its momentum, our top 8 brands grew double-digits at retail with strength in skin care and our luxury and our seasonal fragrance brands grew strongly aided by expanded distribution in the channel. Innovative pre-retail campaign, unique retailers' activation and effective advertising all contributed to fantastic results. The pretail segment of travel retail excelled in the quarter and is becoming an increasingly important part of our business. Pretail enabled us to engage with consumers before the travel, build brand equity and desirability, and drive conversion. When tourism and travel resume following containment of the coronavirus, we anticipate that pretail will continue to start.
Another important highlight this quarter was the publication of our 2019 Citizenship and Sustainability report. Last March, we announced new goals and the report details our vision and progress. One of our goals is to promote ingredient transparency across our brands and Aveda led the way with an ingredient glossary on its websites. Other brands will soon follow. Innovation is the core of our company, once again helped drive our performance, accounting for over 25% of sales. We have exciting innovation from our four biggest brands coming in the second half of our fiscal year, many in the hero franchises. We believe these launches will be well received by consumers globally and these important franchises have high loyalty. We are pleased by our strong start in the first half. We are now focused on managing effectively throughout the coronavirus outbreak. We are determined to serve our consumers in the best ways possible. We believe that the efforts of China's government along with leadership from around the world to contain the outbreak will prove effective. I want to thank our employees worldwide through their extraordinary efforts, working through this challenging time while supporting each other, our consumers, the communities where we work and our business, their grace and agility are a testament to our company culture. Now, I will turn the call over to Tracy."Source: Nasdaq -
Boss
STORE CHANGE BOSS TO OPEN FIRST DEDICATED WOMENSWEAR STORE IN EUROPE
23 FEBRUARY 2020 The store is scheduled to open at the end of this month in Aviapark Shopping Mall Moscow. New store concept will occupy a space of in 130 square metres.
Source: CCPLUXURY -
Giorgio Armani
HITTING THE SHOW DURING THE MILAN FASHION WEEK, GIORGIO ARMANI BLUNTLY SPOKE ABOUT FASHION TRENDS AND VIOLATIONS OF WOMEN
23 FEBRUARY 2020 Founded in 1975, elegant, solemn, powerful and tailored Armani's suit is a must-have in wardrobes foe countless people. Giorgio Armani had told reporters: "I think it's time for me to say what I think. Women keep getting raped by designers, by us."
He said: "If a lady walks on the street and sees an ad with a woman with her boobs and arse in plain sight and she wants to be like that too, that's a way of raping her," Armani said. "You can rape a woman in many ways, either by throwing her in the basement or by suggesting that she dresses in a certain way."
"I'm sick of hearing the word 'trend'. We need to try to work for today's woman. There shouldn't be trends," he added.
Giorgio Armani also encouraged women to be more determined and bold, as show note :"The Emporio Armani woman is strong-willed, eclectic and bold in her decisions. With little regard for mundane rules, she is a young woman that bewilders and astonishes."
Source: The Guardian -
Burberry
HITTING THE SHOW BURBERRY CANCELS SHANGHAI 2020 AUTUMN & WINTER FASHION SHOW AND DELAYS OPENING OF SOCIAL RETAIL STORES
v23 FEBRUARY 2020 Affected by the Novel Coronavirus Pneumonia (COVID-19), Burberry cancelled the 2020 fall and winter men's and women's fashion show which originally scheduled to be held in Shanghai on April 23, and postponed the opening of a social retail store in Shenzhen, which was exclusively cooperating with Tencent.
Source: QCEG -
Prada
HITTING THE SHOW PRADA DELAYS EARLY SPRING VACATION SHOW IN JAPAN
23 FEBRUARY 2020 Affected by Novel Coronavirus Pneumonia (COVID-19), PRADA postponed the release of the 2021 early spring vacation series originally scheduled for May 21, 2020 in Japan. This fashion show is the first PRADA series to be released in Japan. No announced for new date and new location.
Source: QCEG -
CHANEL
HITTING THE SHOW CHANEL POSTPONE FASHION SHOW IN BEIJING
23 FEBRUARY 2020 Following the cancellation of the Hong Kong show in November 2019, due to the impact of the Novel Coronavirus Pneumonia (COVID-19) and consultations with relevant Chinese authorities, CHANEL postponed the 2019/20 "Paris-Kampong 31" senior scheduled to be held in Beijing at the end of May Handicraft series remakes the big show. This is CHANEL's current creative director Virginie Viard's first high-end workshop series since taking office.
Source: QCEG -
Fall / Winter 2020 Shanghai Fashion Week
HITTING THE SHOW FALL / WINTER 2020 SHANGHAI FASHION WEEK POSTPONED
23 FEBRUARY 2020 As announced by the Office of the Shanghai Fashion Week Organizing Committee, due to the impact of the Novel Coronavirus Pneumonia (COVID-19), in order to do a good job of Novel Coronavirus Pneumonia control, the 2020 Autumn Winter Shanghai Fashion Week originally scheduled to be held on March 26, 2020 will be postponed. Emerging designer platforms such as Labelhood, Showroom, and Ontimeshow will also be postponed together, of which Showroom will be rescheduled from April 10 to April 13, 2020, and other cooperation exhibitions will be rescheduled Notice.
Source: QCEG -
Marion Cotillard
OTHER EVENTS MARION COTILLARD IS NEW ADVERTISING CAMPAIGN AMBASSADRESS FOR CHANEL CHANEL N°5
23 FEBRUARY 2020 CHANEL is delighted to announce that Marion Cotillard will be the face of the new advertising campaign for the iconic N°5 fragrance.
Source: CHANEL -
HBX
OTHER EVENTS E-commerce platform HBX launches Mini Program oN Wechat
23 FEBRUARY 2020HBX was created in 2012, recently launched a WeChat mini-program to make it more convenient experience online. HBX platform brands include many fashion brands such as Saint Laurent, Public School and Palm Angels.
Source: HBX -
BFC
OTHER EVENTS LONDON FASHION WEEK WILL LAUNCH "CHINA DAY" IN 2021
23 FEBRUARY 2020 BFC (British Fashion Council) and the Chinese Fashion Zoo have reached a three-year cooperation plan, which will start in September 2021 and launch the "London Fashion Week DAY"at London Fashion Week.
Caroline Rush, CEO British Fashion Council commented: "We look forward to collaborating with FASHION ZOO to bring the British and Chinese fashion industries even closer together. This partnership reinforces our commitment to helping British designer businesses penetrate the Chinese market and expose them to both an industry and consumer network."
Source: BFC