01
Bottega Veneta appoints a new creative director
According to Fashion Business Alert, Kering's Italian luxury brand Bottega Veneta announced on Monday that Ready-to-Wear Design Director Matthieu Blazy will be promoted to creative director to succeed Daniel Lee, who left last week, with the appointment taking effect immediately, and the first collection run by Matthiu Blazy will be released at Milan Fashion Week next February.
According to the data, Matthieu Blazy graduated from the La Cambre Art School in Brussels, worked as a menswear designer in The Raf Simons personal brand, and then joined Maison Margiela to take charge of the "Artisanal" series. He also worked as a senior designer at Celine from 2014 to 2016, then joined Calvin Klein with Raf Simons two years later and became Director of Ready-to-Wear at Bottega Veneta in 2020. Further reading: Sudden | Performance plummeted, and BV's creative director left
02
Asics profit surged more than 60-fold in the third quarter
In the three months to the end of September, sportswear brand Asics sales rose 11.3% year-on-year to 112.73 billion yen, operating profit surged 64.9% to 11.79 billion yen, and net profit soared 6135.2% to 6.72 billion yen. In the first three quarters of this year, ASICS sales rose 29.8% to 322.21 billion yen, and net profit was 19.07 billion yen, compared with a loss of 3.41 billion yen in the same period last year.
03
Louis Vuitton has denied opening duty-free shops
According to The Moodie Davitt Report, Louis Vuitton recently denied Reuters' report that it would open its first duty-free store in Haitang Bay, Sanya, Hainan, stressing that the brand would look for new market opportunities in Hainan, but would not be related to duty-free franchises. It is worth noting that Louis Vuitton has always had strict controls and principles in terms of distribution principles and classic discounts.
The Moodie Davitt Report continued that Louis Vuitton is keeping a close eye on China's domestic terminals to capture its fast-growing market demand in Chinese mainland, while planning to open stores in the capital centers of each of China's provinces by 2025 to further expand its business in China. Further reading: LV CEO: Growth and sustainability are not a binary choice
04
The Gucci The Hacker Project series is officially released
According to the Fashion Business Alert, Gucci and Balenciaga jointly created The Hacker Project series was officially launched on Monday, and the series of products, whether it is ready-to-wear or handbags, integrates the classic elements of the two brands, aiming to explore the originality and appropriation of the fashion industry in a deeper way. The Hacker Project product has landed on Gucci and Balenciaga's official websites and designated stores, and one of the small Hourglass handbags is priced at 19,000 yuan. Further reading: Earnings Analysis | New handbags are sought after, with Gucci's revenue soaring 29% in the first three quarters
05
Richemont will have an in-depth partnership with Farfetch
According to Fashion Business Alert, Richemont announced on Friday that it is negotiating a deep partnership with Farfetch, involving terms including Farfetch's investment in YNAP as a shareholder and the use of technical support to achieve a continuous transition to a hybrid business model, and Richetch's brands will use Farfetch's e-commerce experience to accelerate the pace of digital transformation, and these brands will also join Farfetch. The two sides will jointly build a fully neutral all-category e-commerce platform in the luxury industry. Further reading: Sudden | Legends richemont intends to sell Net-a-Porter to Farfetch
06
DIOR hosts the exhibition Dior and Art in Shanghai
According to Fashion Business News, following the Shenzhen station, the exhibition "Dior and Art", which presents DIOR's more than 70 years of artistic creation passion, was unveiled this month at the West Bund Art Center in Shanghai. The exhibition consists of four sections, namely the "LADY DIOR I See" exhibition, the "DIOR LADY ART #6" artist collaboration series, the "Dior Photography and Visual Arts Rookie Award" previous exhibitions and dior bookstores, aiming to bring Chinese consumers a special journey of artistic exploration while further continuing the deep relationship between the brand and China. Further reading: Deep | How did DIOR become the luxury brand that understands the Chinese market best?
07
The CFDA Fashion Awards announce the winners
The Fashion Council of America has announced the winners of the 2021 CFDA Awards, with black fashion designer Christopher John Rogers and Bode brand founder Emily Bode-Aujla winning womenswear and menswear designer of the year awards respectively, Balenciaga creative director Demna Gvasalia and British fashion brand Walles Bonner founder Grace Wales Bonner won the International Womenswear Designer of the Year and Menswear Designer of the Year awards, while Telfar brand founder Telfar Clemens won the Accessories Designer of the Year Award.
08
Valentino introduces new product packaging
Valentino has launched a new product packaging, which aims to further convey to consumers the brand's determination and attitude of being highly concerned about the sustainable development of fashion. According to the brand's acceptance, the new white shopping bags are made of 55% recycled paper, of which 40% comes from post-consumer waste, 15% are recycled materials left over from the production process, and cloth packaging materials are made of 100% recycled cotton, including clothing protective covers and dust bags. Further reading: Deep | Why did Valentino target Singles' Day this year?
09
Burberry opens an immersive pop-up store in South Korea
In order to better grasp the opportunities in the Asian market, Burberry recently opened an immersive pop-up store in Jeju Island, South Korea, not only to show and release the brand's latest coat collection to consumers, but also to blur the boundaries between nature and technology, indoor and outdoor, real and imaginary through various installations, and opened Thomas's Cafe, a café named after the brand's founder. Further reading: Burberry stands still
10
L'Occitane acquires U.S. online body care brand
L'Occitane has announced an indirect stake of approximately 83% of body care brand Sol de Janeiro for a consideration of approximately US$450 million, with the total cash consideration to be settled by cash on hand and existing bank financing, and the transaction is expected to close by December 31. L'Occitane's Board of Directors said the transaction, in synergy with the Group's existing business strategy, would help the Group to better achieve global growth and increase profitability.
11
L'Oréal's Double Eleven turnover exceeded 2 billion
According to Tmall's official data, Tmall beauty's double 11 full cycle, that is, between 0:00 on November 1 and 24:00 on November 11, there are 3 brands with more than 2 billion transactions, namely L'Oréal, Estée Lauder and Lancôme, The history whoo, Shiseido, Winona, OLAY, and Aquamarine Mystery 5 brands have traded more than 1 billion, and 66 brands have a turnover of more than 100 million. Extended reading: Why did L'Oréal invest in China's "L'Oréal"?
12
The Row will launch a fragrance line
The Row, a luxury brand founded by the Olsen sisters, has announced that it will partner with Haley Alexander van Oosten, founder of perfume brand L'Oeil du Vert, to develop three handmade perfume essential oils based on sandalwood, blue water lilies and amber. Founded in 2006, The Row is a leader in minimalism, and in search of more growth momentum, the brand also launched a childrenswear collection this year after the release of its first menswear collection in 2018. Read more: Minimalist luxury brand The Row is in trouble
13
Warby Parker surges 32% in third-quarter revenue
Internet eyewear brand Warby Parker recently released new results, in the third quarter ended September 30, its sales surged 32% to $137 million, and net loss expanded from $41.6 million in the same period last year to $91.1 million, mainly due to the company's sales, general and administrative expenses increased. For the full year 2021, the group expects overall sales of $539 million to $542 million, bringing the total number of stores to 161.
14
Two of La Chapelle's companies were auctioned off
La Chapelle recently announced that 100% of the shares of La Chapelle Apparel Taicang Co., Ltd., a wholly-owned subsidiary of the Company, and 100% of the equity of Shanghai La Chapelle Casual Apparel Co., Ltd. will be judicially auctioned to pay for the goods, litigation costs and preservation fees of Mangrove and Jicheng Optoelectronics. In addition, La Chapelle and eight of its subsidiaries have also been sued for similar issues. Extended reading: After closing more than 9,000 stores, "China Zara" began to sell hangtags to save itself
15
Kuaishou's branded apparel sales soared 164% in the first three quarters
According to the latest data released by Kuaishou, in the first 9 months of this year, the non-brand apparel market of Kuaishou showed a steady growth trend, with sales increasing by 23.56%, and sales also recorded an increase of 65.15%, and the sales data of brand clothing grew rapidly, with a year-on-year increase of more than 164% and a sales growth of more than 227%. Some analysts pointed out that as the consumption power of Kuaishou users becomes stronger and stronger, and the quality requirements for clothing are getting higher and higher, brand clothing will become a new consumer trend vane.