The price of Rolex in the second-hand market has plummeted
According to Bloomberg’s statistics based on public market data in early July, the current price of Rolex’s popular steel black dial Daytona watch has dropped by 8.6% from the peak price in April 2022. If private transactions on the private market are included, The price of Rolex Daytona in the second-hand market has dropped by about 25% in the past two months.
According to data from CHRONEXT, a trading platform for second-hand watches, the price of the Rolex 41mm blue plate Oyster Perpetual watch at the beginning of this year was about 32,500 euros, and then it soared by nearly 50% to 48,000 euros. It fell back to 36,000 euros.
Crocs Group’s revenue in the first quarter rose by more than 43%
In the three months ended March 31, Crocs Group sales rose 43.4% year-on-year to US$660 million, while net profit fell 26% to US$72.76 million. In terms of channels, the Crocs brand wholesale business soared by 18.6% to US$344 million, and the direct retail business also recorded a 17.6% increase to US$200 million. The group’s newly acquired HEYDUDE brand wholesale business recorded US$86.92 million. Channel sales were $28 million.
Moschino officially takes over the business in China and will open an official flagship store on JD.com
According to Fashion Business News, Italian luxury group Aeffe’s brand Moschino has officially taken over the Chinese business in June, and will open an official flagship store in JD.com, aiming to further release the brand’s potential in the Chinese market and directly control and monitor the brand in real time Development and price positioning to ensure that Chinese consumers have a good shopping experience.
LV “VENDÔME” trademark registration rejected
According to public documents, the French National Intellectual Property Office rejected Louis Vuitton’s application for the registration of the “VENDÔME” trademark on July 1 because of the direct contact between “VENDÔME” and PLACE VENDÔME in Place Vendôme in Paris. It makes consumers’ cognition biased, lacks uniqueness, and does not have the basic functions of a trademark.
However, the decision of the French National Intellectual Property Office is only for jewelry and watches. Louis Vuitton’s application for the logo in the handbag category is still being accepted, and the application for the trademark in the United States, Singapore and New Zealand is also synchronized. conduct. It is noteworthy that, withLike Cartier, like Van Cleef & Arpels, Louis Vuitton has a brick-and-mortar store and a high jewelry atelier on Place Vendome in Paris.
High-end jewelry will become a new growth point for luxury brands
McKinsey pointed out in the latest report that the price of luxury brand high-end jewelry is usually six times that of non-brand products, which is extremely competitive and will become the key to promoting the growth of luxury brand performance. Statistics show that the global high-end jewelry market is worth US$280 billion in 2019.
In 2021, the LVMH watch and jewelry department recorded US$8.96 billion, a 167% increase from 2020 and a 7% increase from 2019. The revenue of Cartier’s parent company, Richemont Group, has also been growing. In 2021, sales will surge by 46% to 19 billion euros, driven by brands such as Cartier and Van Cleef & Arples, a record high.
LVMH’s luxury department store Samaritan is expected to become a new gathering place for Chinese tourists
According to Fashion Business News, singer Jay Chou released the MV of his first new album “The Greatest Work” in six years at 12 noon on July 6th. 40 million times. It is worth noting that the opening scene of the MV is that Jay Chou and his assistants sneak into the Samaritan department store wearing security overalls. The department store is owned by the world’s largest luxury goods group LVMH. Opened, covering an area of about 20,000 square meters, with a total of more than 600 brands.
Isetan closes two stores and will exit the Chengdu market
Chengdu Isetan Department Store Co., Ltd. recently issued a notice stating that Isetan Chunxi Store and Gaoxin Store will cease operations on December 31 this year. The reason for the termination is that the owner of the Chunxi Store will sell the relevant land and buildings Wuhe high-tech stores continued to lose money. After withdrawing from Chengdu this time, Isetan Japan only has four shopping malls in mainland China, including the Shanghai Westgate project, Tianjin Modern City and Binhai New Area project, and Tianjin Renlord Isetan.
Bottega Veneta Expands San Francisco Flagship Store
With the rise of luxury consumption in the American market, Italian luxury brand Bottega Veneta recently expanded its flagship store in Maiden Lane, San Francisco, making the store area reach 3,355 square feet or about 311 square meters, with shelves, furniture and Façade decoration by artist and skater RaphaëlBuilt by Zarka. To celebrate the new store opening, Bottega Veneta has launched a denim Brick Casette bag exclusively in the store.
Bourjois returns to the UK market
French makeup brand Bourjois has announced that it has established an exclusive partnership with Superdrug, a multi-brand beauty chain retailer, and will return to the UK market. Coty Group pulled the brand from the UK in December 2019 as part of its strategy to streamline consumer beauty brands. Statistics show that since exiting the UK, Bourjois’ sales in France and 38 markets around the world have continued to grow.
adidas moved its French headquarters to Paris
German sportswear giant adidas revealed a plan last week to move its headquarters in Strasbourg, France, for more than 60 years, to Paris, which is expected to be completed by 2024, with 140 employees in Strasbourg. Will be merged with staff in Paris. At present, Adidas has a total of 750 employees in France. Like Tokyo, Shanghai, Los Angeles, New York and London, Paris is one of the six main cities where Adidas creates global trends and important driving forces.
lululemon will open a store in Spain
Canadian sportswear brand lululemon plans to open two stores in Spain this fall, located in Madrid and Barcelona, and open e-commerce services on the Spanish official website. This is the brand’s first expansion in Europe since the outbreak of the epidemic at the end of 2019. Up to now, lululemon has nearly 40 stores in 8 European countries including France, Germany, Ireland, the Netherlands, Norway, Sweden, Switzerland and the United Kingdom.
Reality star Kim Kardashian walks the catwalk for the 51st season of Balenciaga Haute Couture
According to Fashion Business News, Balenciaga’s 51st haute couture fashion series was released in Paris at 18:00 on July 6th, Beijing time. This is the second haute couture series in charge of the brand’s creative director Demna Gvasalia. In addition to a group of models, the brand specially invited Kim Kardashian, an American reality show star with 320 million followers on Instagram, to the catwalk, which aroused widespread attention. Up to now, the Weibo viewing volume of the 51st season of Balenciaga’s Haute Couture series has exceeded 22 million.
Ye Appoints Steven Smith as Head of Industrial Design at DONDA
Ye recently announced that Steven Smith, a senior sneaker designer, will be the director of industrial design for the brand DONDA. He will be responsible for DONDA projects other than shoes, including furniture and vehicles. According to the data, since 2016, Steven Smith has cooperated with Ye as the executive designer of Yeezy, and together with Ye, he has created many representative products for the adidas Yeezy series.
LEMAIRE x Mytheresa Exclusive Capsule Collection for Men
The German luxury e-commerce company Mytheresa and the designer brand LEMAIRE jointly launched an exclusive capsule series of men’s clothing on July 6th. This exclusive series is mainly made of high-quality fabrics for daily basics, covering 14 pieces of men’s daily life Wardrobe must-haves include military jackets, cotton canvas trousers and more. The series’ blockbuster was directed by Julian Paul, chief creative officer of Mytheresa, shot by photographer Michele di Dio and posed by model François Delacroix.
Douyin will launch an independent grass planting app “Kosong”
According to Qichacha, the developer of Douyin App, “Beijing Weibo Vision Technology Co., Ltd.”, registered a software copyright called “Kosong Android Software” on May 18 this year. People familiar with the matter said that the app is positioned as a lifestyle community for young people, with the slogan “New Lifestyle for Young People”, and it will be launched as soon as a few days. Some insiders predict that the App will further reduce the traffic of Xiaohongshu. As of now, ByteDance, the parent company of Douyin, has not responded to relevant news
