FASHION RETAIL

The Fashion brands accounted for more than 40 percent of retail floor space leased across Europe. Other brands fast opening doors across the region include the French down-jacket retailer JOTT (Just Over the Top) and the U.S. sportswear retailer Lids.

Fashion also accounted for the largest share of leases for bigger spaces larger than 11,000 square feet in the period. While core retail sectors continue to dominate transactional activity, emerging trends are bringing new brands into the marketplace.

Health and beauty operators, particularly premium brands, were also highly acquisitive in the first half of 2023 with the volume of space transacted almost twice that of the corresponding period last year. Jo Malone, Aesop, Freshly Cosmetics, MAC and Space NK have been particularly active.

ZARA WILL SAVE THE PLANET

Zara parent company Inditex has committed to purchasing €70 million worth of textile-to-textile recycled polyester material from Ambercycle. By launching items 50% made with the Zara Athleticz range, the brand’s technical sportswear range for men is saving the planet.

A fundraising of $21.6 million in January 2022, with other fast fashion players, including H&M, Jack; Jones and Vero Moda, parent company Bestseller, and Zalando, as well as investment funds. Inditex also owns, among others, the brands Berhska, Massimo Dutti and Pull&Bear.

This action will help the group achieve its nebulous objective of using 25% of its textile fibers from new generation materials by 2030. Zara dressed us in designer copies, now you will also be dressed with recycled materials with prices which would always be higher. Welcome to the world of Fast Fashion. But this is the result of the appearance of the giant Shein on the market.

Continue reading

KERING SLOW DOWN

According to Kering’s third quarter sales figures, the group’s turnover fell by 13% at published exchange rates and by 9% on an underlying basis, to 4.46 billion euros.

Kering’s revenue is in line with analysts’ estimates, most of whom had already lowered their expectations for the quarter and their stock price targets.

Gucci, Kering’s largest brand, reported revenue of €2.22 billion, down 14% on a reported basis and 7% on an underlying basis. Bottega fell 13 percent and Yves Saint Laurent 16 percent.

François-Henri Pinault, said that beyond the difficult macroeconomic conditions and the slowdown in demand in the luxury industry, “our third quarter turnover reflects the impact of our decision to further raise our brands and our distribution”.

“Managing our homes in the current market environment and regaining our position and influence” with the organization put in place by Kering in July. Following the acquisition of Creed last week, one of the world’s most distinguished fine fragrance houses has joined our family, propelling our beauty ambitions.

Continue reading

CEO MONTBLANC EXIT

Montblanc’s CEO since 2016 Nicolas Baretzki will leave the Hamburg luxury house. He has had a turbulent tenure at Montblanc, part of Swiss luxury group Compagnie Financière Richemont, parent company of Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, Chloé, and Dunhill.

In March 2021, he hired veteran leather goods designer Marco Tomasetta to accelerate Montblanc’s transformation into a “luxury house with a professional lifestyle.” Continue reading

CALVIN KLEIN GRABS A ZARA GIRL

Calvin Klein has named Eva Vidal Dans as chief product officer she succeeds Jacob Jordan who had been global chief merchant and product strategist since October, 2020, and left in May.

Eva Vidal Dans is a seasoned merchandising and product executive whose creativity, inspiration leadership style and deep fashion expertise will help strengthen and grow Calvin Klein's product offering.

Dans was most recently with Inditex, where she led the product strategy for the Zara Group and its Sustainability Innovation Hub. Earlier, she oversaw the design, sourcing and product divisions, where she led a team of 100 and built successful product strategies for Zara’s more than 200 commercial markets.

RENNE IS NOT IN BRITTANY

The first name Davide comes from the Hebrew “daoud” which means “loved” or “cherished” a real program. As a result of Jeremy Scott’s recent departure, Moschino has appointed Davide Renne as its creative director. Aeffe, the Italian fashion group that controls brands such as Alberta Ferretti, Philosophy di Lorenzo Serafini, Pollini and Moschino, announced the news Monday morning.

In addition to leading Gucci’s women’s style office, Renne served as the brand’s head designer for womenswear for more than two decades. He will oversee Moschino’s womenswear, menswear, and accessories collections, reporting to Massimo Ferretti, executive president of Aeffe.

In a release, Renne described his approach as one of discovery and experimentation, we will see. The appointment of Davide Renne follows a series of new creative directors who have recently taken up their positions. Among them are Seán McGirr, who succeeds Sarah Burto at Alexander McQueen, and Chemena Kamali, who replaces Gabriela Hearst at Chloé.

ZARA CLOSE

Spanish fashion company Inditex has joined the list of international companies temporarily closing operations in Israel. Worker safety would be a major concern said Zara. There are also obvious concerns about material losses.

Besides Zara, other companies have announced temporary closures, including Swedish retailers Hennes Mauritz, also known as H&M, and Ikea.

Over the weekend, major airlines, including Delta and United, suspended flights to Israel. Reuters reported that El Al was increasing flights to bring reservists to the war zone and that Carnival Cruises was rerouting ships.

Continue reading

DGENA LONDON FASHION WEEK

Telling better stories and delivering what the creative designer would like to express may gain more consumer preferences and build a good foundation in the long run.

The brand is shifting more and more online to achieve significant growth with unique and meticulously crafted items, such as bombers, event attire and statement accessories.

For the first time since the pandemic, the Paris-based brand crossed the Channel to London with a unique and intimate presentation last Tuesday at the Residence of the French Embassy. The collection was presented in five immersive acts, each featuring different looks and performers.

“Upcycling is the new way of doing Fashion” says Dgena, “I rework fabrics and bring Parisian chic to a new streetwear wave. But work, work and more work, that’s the way to inspiration. In fashion, some people only work a few weeks before the show and the rest of the time they go on holiday, I work all the time.

FM

KERING SHARES REMAIN STABLE

Since he announced his departure from Exane BNP Paribas, the small world of finance Luca Solca, who arrived at Bernstein in 2009, assassinated Kering for the first time.

Bernstein’s Luca Solca downgraded Kering shares to a “market perform” rating from an “outperform” one based on Sabato De Sarno’s Gucci  follow a activity, and a flurry of management and creative changes at the French group.

Continue reading

VALENTINO PROTECTS WOMEN

In part, Valentino’s performance at the Beaux-Arts school with FKA Twigs was a response to violence against women in Italy, which has fueled public discourse that blames victims for attacks. “It’s important for women to be free to express themselves through their body and not to be judged,” Piccioli said during a preview at the brand’s headquarters on Place Vendôme. Continue reading