The winners and losers of the global fashion industry last week
According to the monitoring of Fashion Business News, Yixian E-commerce, the parent company of Perfect Diary, became the biggest winner in the fashion industry last week. 250 million U.S. dollars; Allbirds’ share price has risen by 25%, with a market value of about 730 million U.S. dollars; Crocs’ stock price has risen by more than 19%, with a market value of about 3.6 billion U.S. dollars; second-hand luxury goods platform The RealReal’s stock price has risen by nearly 17%, with a market value of about 2.8 One hundred million U.S. dollars.
The biggest loser is Kohl’s department store, whose share price has fallen by 18%, and its market value is about 3.7 billion US dollars; the stock price of Cosmo Lady has fallen by more than 15%, and its market value is about 680 million Hong Kong dollars; the stock price of Shanghai Jahwa has fallen by 14%, and its market value is about 24 billion yuan; Cabbeen’s share price has fallen by nearly 8%, with a market value of approximately HK$1.1 billion; JNBY’s stock price has fallen by nearly 5%, with a market value of approximately HK$4.4 billion.
Luxury giants began to heat up. The stock price of LVMH, the world’s largest luxury goods group, rose by nearly 4%, with a market value of about 305.4 billion euros; the share price of Gucci’s parent company Kering Group increased by 2.5%, with a market value of about 61.8 billion euros; There was little change, with a market value of 113.5 billion euros; the share price of Cartier’s parent company, Richemont Group, increased by 1.6%, with a market value of 58 billion Swiss francs.
It is rumored that Tom Ford will be sold
According to Bloomberg citing people familiar with the matter, the luxury brand of the same name founded by former Gucci creative director Tom Ford intends to seek sale and has hired investment bank Goldman Sachs to take charge of the relevant matters. It is worth noting that the brand’s cosmetics business has already entered billion Dollar Club, the brand’s goal is to become one of the top five luxury brands in the world. The insider continued to point out that the sale agreement also includes the right to participate in the design with Tom Ford himself, but the brand has not yet made a final decision and may still choose to remain independent.
The Champs Elysees in Paris has become the most attractive high-end commercial street in Europe
According to Cushman & Wakefield and My Traffic’s research and monitoring of seven major European cities, the Champs-Elysées in Paris has become the most attractive high-end commercial street in Europe. The average monthly pedestrian flow from May 2021 to June 2022 The number of visitors reached 880,000, more than double that of 435,000 in the same period last year, making it the first commercial street to return to pre-epidemic levels.
Coach responds that it will raise prices across the board in China
A few days ago, a source revealed that the American light luxury brand Coach will increase the prices of all products in China in late July, and the price increase of some products may exceed 20%, which is the largest price increase since the brand entered China. . Coach responded a few days ago that the news that the prices of some products have increased by 20% is not true. This time, it is a global price adjustment for the brand. Announcement shall prevail.
Gucci’s parent company will hold a programming marathon
In order to accelerate digital transformation, Gucci parent company Kaiyun Group has set up an educational program “NFT Serious Game” open to all employees, and plans to hold a programming marathon competition from July 20th to 21st to encourage The departments design projects related to the world of digital solutions, big data and artificial intelligence. Grégory Boutté, chief customer and digital officer of the group, said that the epidemic has accelerated the transition to digital and big data solutions. The two main drivers are young consumers who are currently buying luxury goods and growing Chinese consumers.
Supreme will open a new store in Chicago
Supreme is accelerating the expansion of its store network and will open a new store in Chicago, USA. This store is located at 1438 North Milwaukee Avenue and is expected to officially open at the end of 2022 or early 2023. According to financial report data, although Surpeme’s performance was not as expected due to supply chain disruptions, with the opening of two stores in Europe, the performance of physical retail stores still recorded a 35% growth, and will continue to expand the Asian and North American markets.
Balenciaga collaborates with Bang & Olufsen to launch a portable bluetooth speaker bag
When Balenciaga released the 51st season of Haute Couture series a few days ago, it launched a handbag jointly created with Bang & Olufsen, a Danish audio brand founded in 1925. It is also a portable Bluetooth speaker. Each limited edition is made of a solid aluminum Milled, the surface is laser-etched with both brands’ logos. The handbag will only be sold in the Balenciaga Haute Couture boutique, limited to 20 pieces worldwide.
Commodity giant Essity acquires Canadian underwear brand Knix Wear
The world’s second largest manufacturer of consumer paper towels, the Swedish Hygiene and Health CorporationThe company Essity announced the acquisition of 80% of the shares of the Canadian company Knix Wear. On the basis of excluding cash and debt, the transaction price is 320 million U.S. dollars, and the overall valuation of Knix Wear is 400 million U.S. dollars. Headquartered in Toronto, Canada, Knix Wear has about 200 employees and is mainly engaged in the production and sales of women’s underwear and menstrual and incontinence leak-proof clothing.
UK retail traffic remains below 2019 levels
According to Sprintboard data, compared with May, passenger traffic in the UK increased by only 1% in June, but it was still 12.3% lower than in 2019. This compares with a 14.9 per cent drop in high street visitors and a 16.5 per cent drop in shopping center traffic. Springboard expects UK retail traffic to be at least 10% to 15% below 2019 levels in the second half of 2022.
Forever 21 parent company withdraws lawsuit against Bolt
American brand management company Authentic Brands Group said a few days ago that it has reached a settlement with checkout technology start-up Bolt and agreed to withdraw the lawsuit against the company, and the two parties will continue their cooperative relationship. Bolt mainly provides services for ABG’s brands Forever 21 and Lucky Brand, but was questioned by ABG in March this year. ABG believed that the company failed to provide the technical capabilities it claimed to have.
Li Ning Chief Financial Officer Zeng Huafeng resigns
Li Ning, a domestic sportswear group, announced on the Hong Kong Stock Exchange on the evening of July 7 that CFO Zeng Huafeng has decided to retire from the position of CFO of the company from July 8, 2022. The group is now looking for a suitable candidate to fill it. There is a vacancy for the chief financial officer, and a separate announcement will be made after confirmation of the candidate. In the 12 months ended December 31 last year, Li Ning’s sales revenue rose 56% year-on-year to 22.572 billion yuan, gross profit margin rose to 53%, and net profit recorded a strong increase of 136% year-on-year to 4.011 billion yuan.
Archive collector David Casavant claims nearly 3 million from Ye
Archive collector David Casavant recently filed a lawsuit against Yeezy founder and hip-hop singer Ye, demanding compensation of US$416,000 or about 2.78 million yuan, including unpaid rent of US$221,000 and unreturned property worth US$195,000 13 productsTaste. This is the first dispute between David Casavant and Ye, which began in 2014. So far, Ye has not responded to the news.
The domestic retail sales of women’s clothing in May fell by nearly 36% year-on-year
According to the data from the China National Commercial Information Center, affected by repeated epidemics, in May 2022, the retail sales and retail sales of women’s clothing in key large-scale retail enterprises across the country will decline to a large extent, and the retail sales of women’s clothing will drop by 35.91% year-on-year , The retail volume decreased by 31.69% year-on-year, the comprehensive share of brands with an average price between 600 and 900 yuan increased by 1.97 percentage points year-on-year, and the comprehensive share of brands with an average price between 1,500 and 2,500 yuan decreased by 2.85 percentage points year-on-year.
Secoo was forced to execute another 3.73 million yuan
Beijing Secoo Trading Co., Ltd. recently added two pieces of information on persons subject to enforcement, with a total execution target of more than 3.7395 million yuan. The enforcement courts are the People’s Court of Tongzhou District, Beijing, and the People’s Court of Longchang City, Neijiang City, Sichuan Province. Prior to this, Secoo already had multiple pieces of information on persons subject to execution, and the total amount of execution exceeded 21.18 million yuan.
Maison Margiela’s largest flagship store in the world will open in Shanghai
Maison Margiela’s largest flagship store in the world opened in Shanghai Jicang Wenhua Plaza on July 9. Designed by architect Anne Holtrop, the flagship store continues the brand’s unique aesthetic style, covering an area of more than 500 square meters. Also open at the same time is the Maison Margiela Café, the limited-time interactive exhibition space of Glam Slam handbags, etc.
