It is rumored that Burberry will close its flagship store on Canton Road in Hong Kong, with a monthly rent of HK$6.5 million
Affected by the continued downturn in Hong Kong retail sales, Burberry has become the latest luxury brand to withdraw from Canton Road, Tsim Sha Tsui. The flagship store opened in 2011 and covers an area of 5,500 square feet. It is adjacent to luxury brands such as Dior, Gucci and Chanel. , The monthly rent is as high as 6.5 million Hong Kong dollars. Burberry’s flagship store on Russell Street, the core block of Hong Kong, will not renew the contract after the 10-year lease expires. The store has three floors and the monthly rent is as high as HK$8.8 million.
Accelerating the layout of the Chinese market, Patek Philippe invested 100 million to establish its Chinese headquarters in Shanghai
According to Fashion Business News, the Swiss watch brand Patek Philippe recently established Patek Philippe Watch (China) Co., Ltd. in Waigaoqiao, Shanghai, with a registered capital of 50 million yuan. It is estimated that the actual utilization of foreign capital will reach 100 million yuan. At that time, the company will serve as the regional group headquarters in China. In terms of functional positioning, it will first manage and gradually expand direct investment projects in Shanghai, Beijing and many first-tier cities. It will also serve as a distribution function for its subsidiaries and distributors. In order to improve the profitability of the headquarters company itself.
Affluent American consumers fall in love with fake bags
The New York magazine “The Cut” discovered a Reddit community mainly composed of millennial female consumers in May this year, and interviewed several members, and found that wealthy New York female consumers are the main source of counterfeit luxury goods one of the consumer groups. Reddit was founded in 2016, and its members are collectively called “RepLadies”. In this community, people only need to pay 1% to 10% of the price of authentic products to buy Chanel classic flip bags, crocodile leather platinum bags and Telfar handbags. Imitation luxury goods.
RepLadies spent more than $3 million on counterfeit luxury items last year, according to the data. Reddit currently has nearly 200,000 members, mostly wealthy women who can afford authentic luxury handbags, including several chief executives, venture capitalists, a diplomat and a technology consultant.
UGG Parent Company Appoints Former Nike Executive as Fashion Lifestyle President
UGG parent company Deckers Group has announced that Anne Spangenberg is the president of fashion lifestyle, and the appointment will take effect from July 11. Anne Spange after taking officeInberg will be responsible for the UGG and Koolaburra brands and will report directly to Dave Powers, CEO and president of Deckers Group. According to the data, Anne Spangenberg was previously the chief commercial officer of Nike, responsible for the formulation and implementation of the brand’s global strategy, and has rich relevant experience.
Supreme cancels the joint series with Vans
Affected by the Independence Day shooting incident in the United States, the street fashion brand Supreme decided to cancel the joint series with Vans and artist Nate Lowman that was originally scheduled to be released this Thursday. One of the main design elements of the series is “bullet holes”. The brand’s official website has deleted the previously announced joint information. Data show that although Surpeme’s performance is not as good as expected due to supply chain disruptions, with the opening of two stores in Europe, the performance of the brand’s physical retail stores still recorded a 35% increase last year.
LVMH’s luxury e-commerce platform 24S has been online for five years and has about 3 million monthly visits
24S, the luxury e-commerce platform of LVMH, the world’s largest luxury goods group, was officially launched in June 2017, providing products from more than 300 fashion and beauty brands. Eric Goguey, the founder and CEO of 24S, revealed that the website currently has 3 million visits every month, 30% of which come from the App associated with the website. However, as an e-commerce company under LVMH, 24S is naturally taken care of by the group. It is the exclusive network partner of LV, DIOR and CELINE worldwide.
Burberry appoints new Vice President of Corporate Responsibility
British luxury brand Burberry has announced Caroline Laurie as the new vice president of corporate responsibility, responsible for the brand’s sustainable development approach, including incentives, goals and KPIs. Caroline Laurie has worked in corporate responsibility and sustainability related positions in Kingfisher Group, and has worked in Asda, the second largest supermarket chain in the UK for nine years, and has extensive relevant experience.
Adidas launched cooperative shoes with 11 different restaurants around the world
Adidas recently officially launched the adilicious series in cooperation with 11 selected restaurants around the world. In addition to launching joint shoes, it will also hold sales events and parties with the restaurants to pay tribute to these restaurants with unique stories.It is worth noting that there are two restaurants in China selected this time, namely Beijing’s Superfly Superfly and Shanghai’s Yanwai.
NIGO will hold a vintage collection exhibition
Kenzo creative director NIGO will hold an exhibition titled “THE FUTURE IS IN THE PAST” at the Bunka Gakuen Garment Museum in Shibuya, Tokyo from September 14th to November 14th, showing his past decades to the public favorites. NIGO graduated from the Tokyo Institute of Fashion Design, founded its first independent clothing brand in Tokyo in 1993, and gradually became one of the leaders of global street fashion culture.
The Yves Saint Laurent Museum will hold a special exhibition
Yves Saint Laurent, a luxury brand under the Kering Group, will hold an exhibition titled “Gold: The Treasures of Yves Saint Laurent” at the Yves Saint Laurent Museum at 5 Avenue Marceau in Paris on October 14 this year. Divided into themes such as female power, glorious times, and festive spirit, some 40 pieces of clothing from the brand’s haute couture and ready-to-wear collections, as well as jewelry and accessories are displayed in chronological order to commemorate the 60th anniversary of the first collection launch and the museum’s 5th anniversary.
Virgil Abloh commemorative short film “V” officially released
The Virgil Abloh documentary film “V”, curated by VOGUE and directed by Mahfuz Sultan and Chloe Sultan, was officially released a few days ago. This 30-minute short film invited many close friends of Virgil Abloh to recall the past stories, including Gigi Hadid and Bella Hadid , Kendall Jenner and the current Off-White art director Ib Kamara, etc., aiming to show everyone the achievements of Virgil Abloh’s fashion design career.
HUGO will launch Mr. Bathing Ape joint capsule series
German high-end clothing brand HUGO will launch a joint capsule series with Japanese streetwear brand A Bathing Ape formal wear line Mr. Bathing Ape, using HUGO red elements to reconstruct the classic BAPE CAMO camouflage pattern, covering hoodies decorated with the joint logo, Sports pants, skateboards, hats and other clothing items will beIt will be officially launched on HUGO online channel for limited sale starting from July 6th. The co-branded series will also be stationed in the Metaverse, and will appear in the first ComplexLand Metaverse event for participants to try on and purchase.
Amazon is considering leveraging Internet celebrities to enter live streaming e-commerce
According to US media reports, Amazon has accelerated its plan to enter the QVC-style live shopping market, hoping to replicate the success of its social media competitors and revive sluggish online sales. Recently, Amazon has been continuously investing in the field of live broadcasting. Since the launch of the live broadcasting business in 2019, this business has gradually become the core focus. Amazon hopes to take a share of the market that is regarded as the future of shopping.
Domestic multi-brand beauty store colorists closed many stores
Beauty collection stores that have opened stores in many cities in China in the past few years are closing their stores. Many stores of colorists in Beijing have been closed. It has also been caught in recent turmoil such as listing failures and fake sales. In addition to the large-scale closure of colorists, WOW COLOR will close 60 stores in 2021, and the two stores of Black Hole in Hangzhou and Xi’an will also officially close in 2022.
Sandro will live on Douyin for the first time tonight
According to Fashion Business News, the French designer brand Sandro has officially settled in Douyin and opened an official account. It will conduct its first live broadcast on the platform tonight, and get closer to young Chinese consumers in a new way. Sandro was founded by Evelyne Chetrite in 1984, focusing on unisex clothing, and then launched a men’s clothing series in 2008. Data show that in the first quarter of this year, Sandro’s revenue rose 29.4% year-on-year to 134 million euros.
