Chinese consumers buy Tiffany more than they travel abroad; Tom Ford's womenswear collection returns to New York Fashion Week this fall

<h3>Large companies</h3>

The luxury circle

Tiffany's chinese and Japanese markets performed well in the fourth quarter of last year, with shares hitting a 19-month high

U.S. jewelry giant Tiffany &amp; Co today released financial data for the fourth quarter of 2016, and the company's stock price reached a 19-month high on Friday, thanks to the outstanding performance of the Chinese and Japanese markets. For the fourth quarter of 2016, Tiffany saw net sales increased 1.3% year-over-year to $1.23 billion, higher than analysts' expectations of $1.122 billion, and net income of $157.8 million, down from $163.2 million in the year-ago quarter. Sales in the Asia-Pacific region, which includes China and South Korea, increased 9% year-over-year to $284 million. In particular, the company noted that Chinese consumers buy more Tiffany goods at home than they do on outbound travel.

Saying goodbye to "show and buy," Tom Ford's womenswear collection returns to New York Fashion Week this fall

Another designer wants to say goodbye to the "show and buy", not someone else, it is the forerunner of "show and buy", the American fashion design master Tom Ford. During New York Fashion Week last September, Tom Ford hosted his own fashion show at the Four Seasons Restaurant, an attempt that led him to decide to host a permanent show in New York. Starting with the Spring 2018 collection, Tom Ford will return to the traditional Fashion Week schedule. While "instant fashion" may be the trend of the future, it doesn't apply now for a simple reason: from a scheduling perspective, the industry as a whole is not ready.

Valentino generated sales of 1.1 billion euros in 2016 and will be available as early as 2018

Earlier on Wednesday, Italy's 24-hour Sun revealed that Italian luxury brand Valentino could apply for an IPO at the end of this year or early next year. Subsequently, Valentino CEO Stefano Sassi said in an interview with the US website WWD: "Valentino may be listed in 2018, but the possibility of an IPO in 2017 is ruled out. The postponement of the listing plan is due to market conditions. If market conditions improve, we will reconsider the timing of the listing, but there will be no discussion within the company at this time. ”

With over 1,000 individual fabrics to choose from, Zegna is the first to offer a personalized customization service

Italian luxury group Ermenegildo Zegna recently launched its first "personalised customization" service, creating fully personalized clothing for its customers. When it comes to customising suits, Zegna Group offers more than 1,000 different fabrics for customers to choose from, the vast majority of which are produced by Lanificio Zegna, Zegna Group's fabric production facility in Trivero, one of the most advanced production facilities in Italy. There are also more than 230 kinds of fabrics available for custom shirts.

Light luxury + fast fashion + department store

Chow Tai Sang Jewelry successfully applied for an IPO and officially entered the capital market

On March 15, Chow Tai Sang Jewelry successfully filed for an IPO and officially entered the capital market. According to the prospectus, the number of shares issued by Chow Tai Sang will not exceed 7.99 million shares. In 2013, 2014 and 2015, Chow Tai Sang brand market share ranked among the top three in the Chinese mainland jewelry market. In terms of business model, Chow Tai Sang has taken the road of joining, as of June 30, 2016, Chow Tai Sang has a total of 294 self-operated stores and 1994 franchise stores. It is reported that the total investment project of Zhou Dasheng's fund-raising is expected to be 1,460,447,800 yuan, mainly for its main business: one is to expand marketing channels, the second is to build a new research and development design center, the third is to build a new information system and e-commerce platform project, and the fourth is to supplement the working capital related to the main business.

Zara's parent company revenue is proud of the fast fashion industry, but the gross profit margin fell to the lowest in 8 years

Zara's parent company, inditex SA, the world's largest apparel retailer, recently released its core financial figures for fiscal 2016, and despite strong sales performance, gross margins have fallen to their lowest point in the past eight years. In the 2016 fiscal year ended January 31 of this year, Inditex Group sales increased by 12% year-on-year to 23.3 billion euros, in line with analyst forecasts; operating profit rose 9.4% year-on-year to 4 billion euros, lower than analysts' estimates of 4.1 billion euros; and gross margin fell from 57.8% last year to 57% last year, the lowest in the past eight years, affected by adverse currency changes.

Advertising and marketing companies are about to be robbed of their jobs by artificial intelligence? An Italian lingerie company tasted the sweetness

Three months ago, Cosabella, a 35-year-old Italian family-run lingerie brand, made an unconventional move for small and medium-sized fashion companies: abandoning cooperation with traditional advertising and marketing agencies and leaving artificial intelligence companies to do the work. The company has partnerships with two AI companies: Albert, who specializes in cross-channel marketing activities, and Sentient, who specializes in optimizing website content. Since then, Cosabella has achieved phenomenal results, with a 336% return on advertising investment in the fourth quarter of 2016, a 155% year-over-year increase in sales, and twice as many subscriptions to its emails as before.

Canada Goose shares are officially listed, and the stock price is up 27.2% on the first day.

Canada Goose, a canadian luxury outdoor brand, officially began trading on the New York Stock Exchange and the Toronto Stock Exchange on Thursday under the ticker symbol "GOOS." In pre-market trading, Canada Goose's stock soared 40 percent and eventually opened at $18 per share. But then the price fell slightly, closing at $16.25 when it closed at 4 p.m. local time on Thursday, still up 27.2% from the IPO price.

British designer brand Paul Smith's sales fell 8% year-on-year in the last fiscal year, and the demand for major core markets was weak

Paul Smith, a well-known British designer brand, released the main financial data for the 2015/2016 financial year on Thursday, with sales in wholesale channels down 13% year-on-year due to weak core market demand. In the 2015/2016 financial year ended 30 June 2016, annual sales of £158 million, down 8% year-on-year, comparable store sales fell by 3.9% year-on-year, and net profit of £4.84 million, a significant improvement from a slight loss last year, but operating profit of £4.556 million, down 62% year-on-year.

Guess frustrated the Americas, losing $57 million in 2016, accelerating its expansion in Chinese mainland

American fashion brand Guess recently released the fourth quarter of 2016 data, the European and Asian markets grew strongly, but due to the continued weakness of the American market, the brand was still in a loss-making state at the end of the year. Guess's net sales revenue for the fourth quarter of 2016 increased 3% year-over-year to $679.3 million. With 11% in Europe and 27% in Asia, Guess accelerates its expansion in Chinese mainland. Sales revenue in the Americas decreased 6% year-over-year.

Nike compromised, air cushioned shoes without air cushion full refund and compensation of 4500 yuan

On March 17, Nike and its official Weibo issued a statement about consumer feedback on more than 300 pairs of Nike Hyperdunk 2008FTB (that is, CCTV 3·15 exposed air cushion shoe products) footwear due to incorrect air cushion description, publicly apologized to consumers, and provided the following solutions: For consumers who purchased the product (Hyperdunk 2008FTB) and were not satisfied with the product due to the above reasons, A full refund of RMB 4,500 will be provided at the same time as the goods are recovered.

Under Armour is not immune to fashion

Recently, the American sports brand Under Armour signed a contract with Japanese actress Masami Nagasawa, which is the first time in 10 years that the brand has invited an actress as a spokesperson. Masami Nagasawa shot a video ad for Under Armour with the theme of "My Will, I will", which will be promoted on the brand's official website and social media for about a year. This collaboration with Masami Nagasawa is seen as a signal that this functional-focused sports brand is beginning to turn to the athleisure fashion trend. Under Armour CEO Kevin Plank has also previously admitted that Under Armour's current products are not cool enough to attract young people who love fashion trends.

Chow Tai Fook Ho acquired an Australian energy company for $4 billion

Chow Tai Fook, a Hong Kong-based company controlled by the Cheng family, will acquire Australian utility Alinta Energy Holdings Ltd. According to an anonymous source familiar with the matter, the deal involved more than $4 billion, double Chow Tai Fook's previous deal. Alinta, Western Australia's largest electricity retailer, provides nationwide energy retailing to industrial customers through power generation and is currently held by a number of private equity and hedge funds, including TPG. Alinta confirmed the sale in a statement and has been approved by a majority of shareholders. Jeff Dimery will continue to serve as CEO of Alinta, and the existing executive team will also remain.

361 degrees of 2016 annual results, children's clothing and overseas business growth is significant

On March 14, 361 Degrees International Co., Ltd. announced its 2016 annual performance report, showing that the company achieved revenue of 5.023 billion yuan during the period, an increase of 12.6% year-on-year; operating profit was 949 million yuan, an increase of 3.8% year-on-year. At the same time, the company's children's clothing and overseas business grew significantly. During the reporting period, 361 degrees of children's clothing contributed 13% of total turnover, with a growth rate of more than 10%. 361 degrees said that the return of international business to the next 3 to 5 years is called an important source of turnover contribution.

JD.com announced that it will establish a large apparel division

On March 16, Jingdong Mall announced that it would split the original apparel and home business department into two and establish a large clothing business department and a home life business department. According to Jingdong, Jingdong Apparel was launched in 2011 and has become one of the fastest growing core categories of Jingdong, attracting many international and domestic well-known brands. Ding Xia, the new head of JD.com's big apparel business unit, has served as the general manager of Hanbai Group's Greater China region, and Nielsen has served as vice president of retail research, and has more than 20 years of experience in the international retail industry.

Yonghui Garment Company plans to launch 4 to 5 private labels and will debut in Chongqing in April

Recently, Yonghui Garment Company announced plans to launch 4 to 5 new private brands, which will be unveiled in Chongqing in April. These brands include the benchmark ZARA's "Nadian", the benchmark MUJI's "DD Shangpin" and the children's clothing brand "TUTU", and put forward the concept of "service adaptation intelligent manufacturing", hoping to learn from the model of international fast fashion giants, through the introduction of designers, cooperation with clothing colleges and other ways to develop their own brands and fashion products.

Beauty field

Japanese popular electronic music girl group Perfume launched the original perfume of the same name, Perfume of Perfume

Japanese electronic music girl group Perfume (Perfume) has partnered with Mitsukoshi Isetan to launch the original perfume of the same name Perfume. Debuting in 2005, three members of Perfume, Ayaka Nishi, Kashiyuka, and Nocchi, became the most unstoppable girl group in Japan with many popular songs such as Linear Motor Girl and Polyrhythm. When the news that Perfume will launch perfume was released last Christmas, it received a response from many consumers, and the artist's peripheral product e-commerce A! SMART's pre-sale order channel sold out for several consecutive days.

KIMISS girlfriends joined hands with Tmall Beauty Carnival to open a new retail pop-up store

From March 4th to 14th, KIMISS girlfriends joined hands with Tmall Beauty Carnival to open a new retail pop-up store in Shanghai, which is also the first attempt to transform the beauty industry into new retail. In the KIMISS girlfriend x Tmall beauty carnival new retail pop-up store, users can offline for the beauty products of interest or according to the reputation of KIMISS girlfriends to try products on the spot, scan the code directly participate in online preferential activities to buy, and finally by Cainiao Logistics distribution, to achieve the omni-channel concept of "three links" of product pass, service pass and member pass.

L'Oréal: The per capita beauty budget for Chinese teenagers is 530 YUAN

French beauty giant L'Oréal made a comprehensive analysis of the global beauty market in 2016 in its 2016 annual report. In 2016, the global makeup market increased by 8.4% year-on-year, and has become the backbone of the development of the entire beauty market for four consecutive years. Chinese consumers have a per capita budget for beauty (US$77: about 530 yuan); consumers aged 14-18 (US$71); and consumers aged 19-24 (US$85).

Internet essential oil brand "Afu" incubated the e-commerce agency operation company

Recently, the Internet essential oil brand "Afu" announced the incubation of e-commerce agency operating companies to undertake various types of women-related products business. Afu has partnered with kitchenware brand Joseph Joseph, notebook brand German Lighthouse and high-end nail polish brand Mermaid Water, targeting women-related brands in addition to the beauty category. "Afu" also hopes to accumulate more female consumer data through the operation of these female brands on behalf of the brand - which is conducive to the connection and sharing of data between brands and improve the efficiency of brand operation. At present, the staff of the "Afu" agency operation project are from its e-commerce operation group, and the agency operation work is mainly concentrated in brand building and e-commerce operation.

Eat, live and play

The source of customers is mainly from the mainland, and Hong Kong Disneyland will increase its marketing efforts in the Guangdong market

Hong Kong Disneyland recently said that since its opening in 2005, Hong Kong Disneyland has received more than 64 million visitors, of which the main source of visitors is from Chinese mainland, and Guangdong tourists account for 1/3 of the total number of mainland tourists. Hong Kong Disneyland has recently continued to increase its marketing efforts to Guangdong's source market, following the promotion of the first Marvel-themed amusement facility "Iron Armor Adventure" for Guangdong tourists in mid-January this year, Hong Kong Disneyland recently once again introduced a new special project "Disney Star Spring Carnival" in Guangzhou.

Business Class with a double bed has become a new favorite for passengers and airlines

Qatar Airways recently launched a new Business Class Qsuite to create a more private flight space for passengers. In the new Business Class, there are double beds and separate compartments for four people facing each other, which can fully meet the needs of two people on honeymoons and four people traveling with families or friends. Qatar Airways' business class is comparable to the first class of many airlines. In the past two years, the voices of first-class singing and declining have been heard, and one of the reasons is that high-end consumers are more willing to choose business class. Airlines saw this trend and began to create more and more luxurious and cost-effective business class.

There are two trends in the packaged food industry: more and more mergers and acquisitions and less sugar

Since kraft Heinz's merger with Unilever was aborted in February, the discussion about the food packaging industry has not stopped. From the perspective of the industry, many people believe that this "failed" transaction is not the end, but opened the prelude to the merger of large food packaging companies; from the perspective of products, less sugar, less salt, less fat will become the main theme, and many companies are looking for the perfect "sugar substitute".

<h3>Investment and financing</h3>

Pentland Brands, which owns brands such as Speedo, acquired California sportswear brand SeaVees

British brand management company Pentland Brands has announced the addition of California sportswear brand SeaVees to its sports brand portfolio. The exact size of the investment has not yet been determined, but it will be part of Pentland's portfolio development plan and will help SeaVees grow further in the U.S. and international markets. Founded in the 1960s during the California surf bandwagon, SeaVees became a key california fashion and lifestyle influencer a few years later.

Walmart bought a vintage women's clothing e-commerce company for less than $75 million

Walmart subsidiary Jet.com acquired an online womenswear retailer, ModCloth. According to TechCrunch, people familiar with the matter revealed that the transaction amount is between $50 million and $75 million. Prior to the acquisition, ModCloth had already undergone several layoffs and leadership changes. Walmart has been looking to acquire small online retailers in recent years, most notably in the summer of 2016 for a $3 billion Jet.com and last month for outdoor retailer Moosejaw.

Private equity fund CVC teamed up with former L'Occitane executives to bid £650 million for The Body Shop

Emmanuel Osti, former executive director and managing director of French natural skincare brand L'Occitane, teamed up with private equity firm CVC Capital Partners to bid £650 million for The Body Shop. The offer is not far from the psychological price of 1 billion euros (about 850 million pounds) set by L'Oréal for The Body Shop. In recent years, The Body Shop's growth has been bottlenecked, and the brand has always pursued anti-animal testing and a unique corporate ethics stance, but The Body Shop, which once used these ethics as the brand's selling point, has stagnated in operation. In the fourth quarter of last fiscal year, The Body Shop's sales revenue was flat compared to the same period last year, at around £82 million.

Aspinal of London, a burgeoning light luxury accessories brand with a valuation of £75 million, completed its financing at the beginning of the year

British light luxury accessories brand Aspinal of London, which is favored by Princess Kate of the United Kingdom, has recently become the focus of attention in the investment community. Aspinal's sales in the last financial year were £23.7 million. The founders expect sales to be a record £28m this financial year, mainly due to the recovery of the travel market and the 40% online business. In addition, Aspinal said it will open a UK flagship store at St James's in London this summer, where the brand now has 10 separate stores.

Calvin Klein's parent company, PVH Group, acquires data-driven Internet women's lingerie brand True &amp; Co.

Calvin Klein and Tommy Hilfiger's parent company, American fashion retail group PVH Corp., announced a partnership with Internet lingerie brand True &amp; Co. The acquisition agreement was entered into, and the specific terms of the transaction were not disclosed. True &amp; Co. Use a proprietary Fit Quiz quick test to recommend the right bras and other lingerie products for female clients. More than 5 million women have participated in the test, True &amp; Co. The 130 million sets of data collected through testing provide a fully customized service to female customers, creating a fun and private shopping environment.

"Yi 23" completed the B round of 20 million US dollars financing

"Yi 23" is an e-commerce platform that provides fashion clothing rental services for first- and second-line female white-collar workers. On the platform, member users only need to pay 499 yuan per month to rent clothing with an average price of about 1,000 yuan for unlimited times during the membership period. After the completion of the A+ round of financing in April last year, "Yi 23" added clothing sales, dress categories (originally only regular clothes) and accessories leasing on the basis of the original monthly rental service. These businesses are all about improving the user experience.

Ferrero Group acquires Fannie May, a high-end U.S. chocolate and confectionery maker, for $115 million

Ferrero Group, a well-known Italian confectioner, announced that it has spent $115 million to acquire Its American counterpart Fannie May Confections Brands. Fannie May is a producer of confectionery brands such as Fannie May and Harry London. The seller of this transaction is a multi-brand food and flower gift supplier 1-800-FLOWERS.COM, Inc. Before the completion of the transaction, Ferrero will also sign a commercial strategic partnership agreement to sell some of Ferrero and Fannie May's products through 1-800-Flowers' e-commerce channels.

Luxury Men's Apparel Group, a high-end menswear group, acquires Canadian formalwear shirt company Lipson

Luxury Men's Apparel Group, owner of Hickey Freeman and Samuelsohn, is further expanding its presence in the upscale menswear market. The Toronto-based company acquired Lipson, a Canadian dress shirt company. The specific terms have not been disclosed. LMAG has been looking for the last two years to acquire a shirt brand with its own manufacturing capabilities, but several transactions have not been successful.

Used children's clothing trading platform Kidizen completed a $3.2 million Series A funding round

Kidizen, a used children's clothing trading platform, recently announced that it has completed a $3.2 million Series A round of financing led by venture capital firm Origin Ventures, including Royal Street Ventures, Corigin Ventures, Irish Angels and Mergelane. Kidizen's current shareholders, Sofia Fund and Gopher Angels, are also involved in the round. This round of funding allows Kidizen to increase the size of the team from the current 5 to 15 to meet the growing demand for services. In addition, the company plans to expand the coverage of the platform from the current mobile terminal to the web terminal.

The lustful salad has received tens of millions of B round financing, and the investor Hony is also optimistic about the future of the staple salad

Founded in July 2015, the "Lustful Salad" team revealed to 36Kr that they have recently completed tens of millions of yuan Series B financing, invested by Hony Capital's Hong Kong-listed company BaifuKu Holdings. Previously, the project received PreA rounds and Series A financing at the end of 2015 and 2016 respectively. Previously, 36Kr has reported on lustful salads, a consumer brand focusing on staple salads, and currently covers the south China region. This year, it plans to open the number of stores in Shenzhen and Guangzhou to 15. In addition, they are also considering entering Beijing and Shanghai.