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Shares Of Many Luxury Brands Have Been Slump; UNIQLO Will Close Two Seoul Stores.

2019/8/13 19:42:00 4

Uniqlo

01 many luxury brands have suffered a setback.

Affected by the "Versace incident", another Coach, the core brand of the American luxury light giant Tapestry group, was also accused of coordinating Taiwan and Hongkong with other countries in a Disney T-shirt yesterday morning. While searching for the store in Coach official website, Hongkong, Macao and Taiwan were also in line with China and the United States.

The news came out and became the spokesman for Coach in July 26th this year. China's supermodel Liu Wen announced a statement yesterday to terminate the endorsement cooperation with Coach. Coach issued an apology statement in official micro-blog, saying that it had been deeply aware of the seriousness of the problem and would take immediate steps to complete the whole process and to strengthen its internal process management so as to prevent similar mistakes from happening again.

In addition, LVMH's Givenchy and Fresh and the Japanese sportswear brand Asics were also exposed by netizens with similar problems. Although the related brand immediately issued an apology statement at official micro-blog, but it was too late, consumers did not buy it. Relevant Chinese artists also broke up. Apart from Yang Mi and Liu Wen, Guan Xiaotong and Yi Rong Xi Xi issued separate statements that they would no longer cooperate with Coach and Givenchy.

According to fashion business express, as of Monday's closing, Coach's parent group Tapestry shares fell 4.31% to 26.2 U.S. dollars, with a market capitalization of 8 billion dollars and a record $7 billion 600 million, while Versace parent group Capri shares fell 4.58% to 29.66 U.S. dollars, with a market value of 4 billion 600 million dollars, a new low of nearly 5 years. LVMH shares were also affected, dropping 2.14% to 356.55 euros, with a market capitalization of about 179 billion 500 million euros. Further reading: Liu Wen suddenly stopped the Coach endorsement. Why did the luxury brand make mistakes again and again?

02 the list of the 25 richest families in the world is released by Chanel and Hermes.

Bloomberg recently announced the list of the 25 richest families in the world, and their assets combined together amounted to more than $1 trillion and 400 billion, up 25% from the same period last year, of which Chanel boss ranked fifth and total assets amounted to $57 billion 600 million, while the Dimma family holding the Hermes brand ranked sixth in 53 billion 100 million US dollars. According to fashion business express data, Chanel2018 sales surged 10.5% to 11 billion 100 million US dollars in the same period last year, operating profit increased 8% to 3 billion US dollars compared with the same period last year, and sales in Asia Pacific including China increased by more than 20% to 4 billion 700 million US dollars. Extended reading: the Chinese market is becoming a reassurance for luxury brands.

03 Blackstone spent $875 million to become the largest shareholder of NineWest's new ABG.

According to Reuters, AuthenticBrandsGroup, a management company owned by NineWest and JuicyCouture, has recently been injected into the Blackstone Group, the largest private equity fund in the world. The latter has become the largest shareholder of ABG with a trading price of $875 million. After the transaction is completed, ABG will accelerate the global and digital expansion with the proceeds. Extended reading: the price is 340 million dollars, NineWest and other brands are sold at low prices.

04 shares of Farfetch, the parent of Off-White, rose more than 12% on Monday.

According to the fashion business express, it announced on Friday that it would buy the British luxury electronics business platform of Off-White parent company NewGuardsGroup for $675 million. Farfetch Monday's share price rose by 12.44% to 11.39 dollars, with a market capitalization of about 3 billion 300 million dollars. According to data, Farfetch second quarter sales rose 42% to 209 million 300 thousand US dollars over the same period last year, exceeding analysts' expectations of $199 million 700 thousand, but the net loss expanded from 89 million 600 thousand US dollars in the same period last year to 89 million 600 thousand US dollars. Extended reading: the biggest acquisition since the listing, why did Farfetch get Off-White?

05SteveMadden completes acquisition of Greats

The US shoe brand SteveMadden announced on Monday that it had completed the acquisition of Greats, the US leisure shoe brand, but the details of the deal have not yet been released. Greats was launched online in 2014, and sales amounted to about $13 million in the 12 months ended June 30th. According to the analysis, traditional enterprises such as SteveMadden buy online start-ups, which help to take advantage of the latter's online strength, while the latter can take advantage of the larger company and brand base of traditional enterprises.

06 Canada goose design and marketing executive vice president

This is the newly established position of the luxury feather down brand CanadaGoose Canada goose, which will be held by WoodyBlackford, vice president of original design and innovation, Columbia sportswear. After taking office, WoodyBlackford will supervise and manage the brand's global design and marketing business, and continue to focus on the expansion and innovation of the category. LeeTurlington, the brand's chief product officer, will leave the company at the end of the year, focusing on his consulting business. Extended reading: Canadian geese are not "cool" anymore.

07 Australian fashion brand Zimmermann, who is popular with Kate, will enter the Chinese market.

Zimmermann, the founder of the same name, announced that China will become the first stop for the brand to enter the Asian market, and its partner is LifeStyleLogistics, a consultancy. It is reported that in Shanghai, Beijing and Hongkong to set up a physical store will also enter Tmall brand flagship store. With the popularity of celebrities such as Kate princess, Zimmermann has been popular all over the world. It is one of the most commonly copied brands on Taobao. In 2016, Zimmermann announced that it received a small investment from GeneralAtlantic, the world's leading capital company, to speed up the expansion process.

08 UK store vacancy rate reached 10.3% in July, four and a half high.

According to data released on Monday by the British Retail Association BRC, the rate of store vacancy in British towns rose to 10.3% in July, the highest level since January 2015, with a 1.9% decline in passenger traffic, the biggest drop since 2012. Among them, high street passenger traffic decreased by 2.7%, shopping center traffic decreased by 3.1%, and the volume of traffic in the retail center increased by 1.2%. Extended reading: luxury handbags are 20% cheaper. The pound is weak, and Chinese tourists are booming.

09 Germany has the highest rate of return online shopping in Europe.

According to statistics from Sweden post PostNord2018, Germans account for 53% of the online shopping returns, which is the highest return rate in European countries, which is related to the German electricity supplier's rule that payment is only after arrival. A study by the University of Bamberg found that German returned goods worth about 5 billion 500 million euros last year. Clothing is the largest return category, with a return rate of 28%, far higher than that of household appliances and sports and leisure products.

10 sword 10 billion dollar children's market Nike launched sports shoes subscription service

The US sportswear brand Nike has announced that it will launch a subscription service for children, named NikeAdventureClub, based on the SNKRS application of Nike, mainly for parents of children aged 2 to 10 years old. The service is divided into three subscription levels, namely, $20, $30, or $50 per month. Nike will offer 1 pairs of sneakers for 1 times a month, 1 times every two months or 1 times per three months for subscribers. Extended reading: diversity becomes a new growth point? Nike new shop for the first time to show large model

11CalvinKlein announces Lin Yun as Underwear spokesman for Asia Pacific Region

CalvinKlein announced yesterday that actor Lin Yun is the spokesman for CalvinKleinUnderwear Asia Pacific brand image and shot the 2019 autumn blockbuster. Lin Yun is also the spokesman for CalvinKleinPerformance Asia Pacific brand image. According to the fashion business express, Lin Yun currently has 10 million 230 thousand fans in Sina micro-blog. It is noteworthy that in August 1st, CalvinKlein also announced that Zhang Yixing became the world's first Chinese spokesperson.

12 UNIQLO will close two stores in Seoul, South Korea

Japan's UNIQLO said recently that the two stores in Seoul were closing down due to South Korea's boycott of Japanese goods. One is a store in Seoul, Jongno3-ga. The lease expires in October. Last week, the company said it would not renew the contract with the owner. Another store in Seoul AKPlaza will be closed at the end of this month. According to the data, 6.6% of the business of the fast retailing group of UNIQLO is from the Korean market and operates about 190 stores in the Korean market, with annual sales of 140 billion yen or about 9 billion 400 million yuan.

13 the opening of the first Champion store in Guangzhou

According to the fashion business express, Champion, which was founded in 1919, has opened its first store in Guangzhou's good Plaza recently. The overall design is based on the Champion logo blue as the main style, and integrates a lot of retro graffiti as a store dress. Besides counting the history of brand development, it also emphasizes the local elements in Cantonese graffiti. Besides the classic brand style, consumers can also enjoy personalized customization service in the store. Extended reading: how does the sport brand Champion turn red?

14CLOT launches new clothing series with Nike

To celebrate this summer's world basketball tournament in China, CLOT creative director Edison Chan has launched a new basketball series with Nike, including jerseys, shorts, jackets and headbands. In 2008, China became host for the first time to host a global sports event. On this basis, Edison Chan expressed his respect for Chinese traditional culture and linked traditional Chinese dance with traditional sports. Extended reading: tide card is on the eve of the outbreak. "Boss" Edison Chan and his business classics

15 blog site Tumblr was sold to WordPress owners.

Us telecom operator Verizon said on Monday that it would sell its Tumblr, a blog site, to Automattic, without disclosing the terms of the transaction. Verizon media group, formerly known as Oath, is a digital media group with more than 50 brands, including the Huffington post, TechCrunch and Tumblr. In 2013, Tumblr was bought by YAHOO at the price of more than 1 billion US dollars. After the transaction between Verizon and YAHOO in 2015, Tumblr became Verizon's company. Extended reading: how does social media influence fashion industry from Instagram to micro-blog?

  


Source: China service network

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