Lanvin’s revenue more than doubled last year
According to Fashion Business News, Fulang Group’s revenue in 2021 will increase by 52% year-on-year to 339 million euros, a record high, mainly due to the growth of brands such as Lanvin, Wolford and Sergio Rossi. During the reporting period, the global sales of Lanvin, the group’s core brand, surged 108% year-on-year to 73 million euros. The best performing markets were North America and Greater China, which recorded strong growth rates of 253% and 134% respectively.
Yeezy submits a new trademark application or will open a physical store
According to public documents, rapper Ye and his legal team have submitted a trademark application for “YZYSPLY” on June 29, which will be used in retail stores, online ordering services and online retail store services, as well as underwear, outerwear , pajamas, swimwear, accessories and activewear. “YZYSPLY” is the abbreviation of Yeezy Supply. This website mainly sells the Yeezy series products jointly launched by Ye and adidas. As of now, adidas has not responded to the relevant news.
Li Ning entered the Russian market
According to the Russian consulting company Knight Frank Russia, only two international brands will enter the Russian market in 2022, namely the American boutique Vilhelm Parfumerie and the Chinese sports brand Li Ning, in stark contrast to the successive withdrawals of Adidas and Nike. According to Li Ning’s previous plan, the brand will open 15 to 20 retail stores in Moscow and St. Petersburg, and cooperate with local multi-brand sporting goods e-commerce platforms.
Sephora sells Russian business
Sephora, a multi-brand cosmetics retailer under LVMH, the world’s largest luxury goods group, recently announced that it will sell its Russian business to the local person in charge, but did not disclose the specific amount, marking its official withdrawal from the Russian market. As of now, Sephora has 88 stores and about 1,200 employees in Russia, which will be operated by the “Ile de Beaute” brand in the future.
Burberry restarted the global media competition after two years
According to Fashion Business News, Burberry has restarted the global media event originally scheduled for March 2020.Refer to the draft. In addition to the brand’s current media agency, Carat Media under Dentsu International, Omnicom Group’s OMD, WPP’s Wavemaker and Stagwell Group’s Assembly also participated in the pitch . According to industry estimates, Burberry’s annual global advertising expenditure is about 100 million U.S. dollars. The main consumer markets are the United Kingdom, China, Japan and the United States, and most of the spending is on digital media channels.
Gap Group CEO resigns
Gap, an American clothing retail group, announced on Monday that Sonia Syngal will resign as president and chief executive officer and the company’s board of directors, and relevant affairs will be temporarily taken over by the chairman of the board of directors, Bob Martin. Horacio Haio Barbeito will officially take office on August 1 as President and Chief Executive Officer of Old Navy.
Bob Martin is a veteran with 40 years of experience in the retail industry. He has served as a retail executive at Dillard’s and Wal-Mart. He has been a member of the Gap Group board of directors since 2002 and served as the group’s chief independent from 2003 to 2015. Director, became chairman of Gap Corporation in 2020.
Since June, more than 40 first stores above the city level have been newly opened in Shanghai
According to data from China Business, despite the unavoidable risk of repeated epidemics, Shanghai is still the city of choice for many fashion brands to open their first stores of various levels. Since June, Shanghai has opened more than 40 first stores above the city level, including Jil Sander, Amiri and other fashion brands that are popular among young consumers. In the second half of 2022, more new first-store projects will continue to open in Shanghai.
Prada Hobo handbags price increase again
According to Fashion Business News, the price of Prada Hobo handbags, which have increased by more than 70% in the past three years, has been quietly raised recently. Among them, the price of Prada Re-Edition 2000 nylon mini handbags has risen from 9,250 yuan to 9,700 yuan, and Prada Re-Edition In 2005, the price of nylon mini handbags also rose from 9,700 yuan to 10,000 yuan. As of now, Prada has not responded to the price increase news.
LV x AF1 will be released in China next week
LV SNEAKERS STOREThe AF1 joint interface before the applet started a “countdown” a few days ago. After clicking to enter, you can see the prices and styles of all commercially available models. There are 9 models in total, and the price is RMB 21,300. According to another source, as the “shoe king” of this year’s cross-border joint name, the domestic volume of LV x AF1 is not much, only a few hundred pairs, which will set off a wave of panic buying.
Fendi Launches First High Jewelery Collection
Fendi, a brand of LVMH, the world’s largest luxury goods group, recently released its first high-end jewelry series Fendi Flavus at the haute couture fashion show, becoming the latest luxury brand to set foot in the high-end jewelry track. The series was designed by Delfina Delettrez Fendi, the art director of the brand’s jewelry and the fourth generation descendant of the Fendi family. Inspired by Roman mythology, it is made of more than 1,000 yellow and white diamonds, and also incorporates the inverted FF designed by Karl Lagerfeld in 1965. logo.
The designer brand Babyghost will be closed
Fashion designer Qiaoran recently announced through his personal microblog that he will shut down the Babyghost brand he co-founded, and has stopped launching new products. The Tmall store and Taobao store will start to clean up their inventory, and will close the store after the cleanup is completed. Affected by repeated epidemics, in May 2022, the retail sales and retail volume of women’s clothing in key large-scale retail enterprises across the country will decline to a large extent.
Diamond jewelry brand Blue Nile will go public with a valuation of nearly 900 million US dollars
The diamond jewelry brand Blue Nile announced that it will go public again through a merger with the special purpose acquisition company Mudrick Capital Acquisition Corp. II. It will land on Nasdaq in the fourth quarter of 2022 at the earliest, with a valuation of US$872 million. Founded in 1999, Blue Nile went public for the first time in 2004 and was taken private in 2017 after being acquired by Bain Capital and Bow Street.
Chow Tai Fook’s revenue in the first quarter fell by nearly 4%
In the three months ended June 30, Chow Tai Fook’s sales fell by 3.7% year-on-year, of which the same store sales in mainland China fell by 19.3%, and Hong Kong and Macau also recorded a 6.4% decline. By category, mainland China’s jewelry inlays, platinum and KSame-store sales of gold jewelry plummeted 17.2%, and gold jewelry and products plummeted 17%. However, with the improvement of the epidemic situation, Chow Tai Fook’s same-store sales in Mainland China resumed positive growth in June.
Bosideng established a marketing management company
Shanghai Bosideng Marketing Management Co., Ltd. was established on July 12. The legal representative is Chen Xiaodong, with a registered capital of 50 million RMB. The business scope includes marketing planning, clothing wholesale, Internet sales, graphic design, brand management and corporate management wait. Shareholder information shows that the company is held 60% and 40% by Bosideng Down Garment Co., Ltd. and Bosideng International Apparel (China) Co., Ltd. respectively.
Xiaohongshu established a travel company
With the popularity of outdoor activities such as camping, there are more and more related content notes on Xiaohongshu. According to the Tianyancha App, Xiaohongshu established Puzhen Township (Shanghai) Tourism Culture Co., Ltd. on July 11. The legal representative is Yi Xuan, with a registered capital of 4 million yuan. The business scope includes campsite services, scenic spot management, and amusement parks. Services, parks, small facilities in scenic spots, recreational activities, and tourism development project planning and consultation.
