Foreign media reported that Burberry rejected the acquisition of Coach. According to the Financial Times, British luxury brand Burberry rejected the acquisition of American handbag manufacturer Coach. If the two were combined, the market value would exceed $20 billion. The source

Foreign media reported that Burberry rejected the acquisition of Coach

According to the Financial Times, British luxury brand Burberry rejected the purchase of American handbag manufacturer Coach. If the two were combined, the market value would exceed $20 billion. The source also said that the acquisition proposal made by Coach is informal and is expected to acquire Burberry in cash and stock. However, it is unclear whether Burberry has ever entered into serious negotiations with Coach. In October this year, the financial blog Betaville quoted two sources as saying that Coach was considering merging with its British counterpart Burberry, and that Coach and its financial advisor Evercore had studied potential acquisitions.

Earlier this year, Burberry hired Celine CEO Marco Gobbetti to replace Christopher Bailey as brand CEO. Marco Gobbetti will officially take office in early 2017, and Christopher Bailey will continue to serve as the brand's chief creative director and president. It is worth noting that the growth momentum of British luxury goods group Burberry is still insufficient. Although its Burberry is the luxury brand with the largest profit from the depreciation of the pound, the group's actual sales revenue still declined in the first half of the year, and potential sales revenue fell by 4% compared with the same period last year. After the financial report was released, Burberry Group's share price fell 8.7%.

In addition, Burberry's demand for the brand in key markets such as Asia, especially China and Hong Kong, is declining. Due to the continued decline in performance, there have been media reports over the years that Burberry is a potential acquisition target. In 2013, luxury goods analysts and investment bank analysts said that LVMH had considered acquiring Burberry. In 2014, UBS analysts gave a list of potential acquired companies in Europe, and Burberry was prominently included. The most recent rumor that Burberry was acquired occurred in March this year. At that time, the brand said that mysterious investors had successively increased their holdings of Burberry shares to close to the 5% red line. This incident heralded a potential acquisition, pushing Burberry's stock price to a level that had not been reached for five months at that time. of high position. According to foreign media analysis, the most likely person behind this mysterious buyer is Burberry’s competitor LVMH.

J. Crew Group's high debt Moody's lowered its credit rating again

A few days ago, the debt regulator Moody's Investors Service lowered J. Crew's credit rating of up to US$2.1 billion of debt from "B3" indirectly through its parent company Chinos Intermediate Group. to "Caa2". Moody's noted that as J.Crew Group's revenue and EBITDA continue to decline, coupled with its high debt load, the group currently has "very high leverage and an unsustainable capital structure." Therefore, J.Crew Group faces a higher probability of default in the next 12 to 18 months, and may need to sell its non-performing assets to fill the debt gap. The rating of another guaranteed loan due in 2021 of the group was also lowered from "B2" to "Caa1". As of press time, J. Crew declined to respond to the change in its rating.

Moody's agency said that the rating downgrade has hit the bottom, and J. Crew's existing cash of US$38.4 million on the balance sheet as of October 29 will fully meet its cash flow needs in the next 12 months. Given that the group is currently working on managing inventory and streamlining its structure to reduce operating costs, improve its supply chain and close underperforming stores, Moody's stressed that everything will take time to recover. Especially in today's sluggish retail environment, the challenges facing the apparel industry cannot be underestimated. At the end of last month, J. Crew Group released its third-quarter financial report, recording losses that had reduced to US$7.9 million from US$775.7 million a year ago, and revenue decreased by 4.2% year-on-year to US$593.2 million, of which J. Crew brand sales fell by 7. %, Madewell sales fell 12%. Michael J. Nicholson, chief operating officer and financial officer of

, revealed that the group plans to close 13 more stores in the fourth quarter and comprehensively improve the profitability of the remaining stores. In addition, the group may spin off Madewell to seek maximum value, but a final decision has not yet been made. In recent years, the group has been actively adjusting its business, such as canceling the unprofitable bridal business, cooperating with New Balance to launch sports series, and its brands J. Crew and Madewell have also entered Nordstrom department stores to stimulate wholesale channel sales.

Reuters : The three major British clothing brands Coast, Oasis and Warehouse may be packaged and sold

According to well-informed sources, Icelandic Kaupthing Bank is seeking to sell its three British high-street clothing retailers Coast, Oasis and Warehouse, thousands of employees Or face a layoff crisis. In 2009, Mosaic Fashions went bankrupt due to the collapse of shareholder Baugur in the financial crisis. Kaupthing, its largest creditor at the time, immediately acquired Mosaic Fashions together with its Karen Millen, Coast, Oasis and Warehouse clothing brands. It is reported that late last month, Kaupthing had entrusted banks to auction retail assets early next year, but it is not easy to sell them. Kaupthing declined to comment on the news, and Coast, Oasis and Warehouse have yet to comment.

Italian clothing group Benetton refutes rumors of poor management and denies selling its brand Sisley

Last week, media reports said that Italian clothing group Benetton is expected to suffer serious losses in fiscal year 2016. The cumulative losses in the past five years have reached 280 million euros, so it may plan to sell Sisley to mitigate losses. Gianluca Pastore, Benetton's global marketing and communications director, gave a serious response to this last week, saying that the company's consolidated revenue in fiscal year 2015 recorded a total of 1.529 billion pounds, the debt it incurred has also been settled, and the group's current cash flow is in a positive state. , there is no such thing as selling Sisley to cover losses. Regarding the cumulative loss of 280 million euros in five years, he admitted that this was due to the costs incurred by the group's streamlining and restructuring measures in recent years, and was optimistic about the company's future development.

The 17-year cooperation between the American high-end accessories brand Chrome Hearts and Japan's UNITED ARROWS has come to an end.

According to Luxe.CO, the parent company of the Japanese composite brand store UNITED ARROWS announced that the American high-end accessories brand Chrome Hearts has decided not to renew its Japanese license. All rights belong to brand founder Richard Stark and his family's company, CH Holding Company. Sales of the Chrome Hearts brand last year increased by 14% year-on-year to 11.4 billion yen, accounting for more than 8% of the total sales of UNITED ARROWS, with relatively high profit margins. For UNITED ARROWS, ending the partnership with Chrome Hearts is undoubtedly a big loss. In 1999, after being introduced by Rei Kawakubo’s staff, UNITED ARROWS began selling Chrome Hearts products.

Sports brand Fila is preparing to expand into the European market. Revenue in 2020 is expected to reach 620 million euros.

Christoph Schachtner, head of Dosenbach-Ochsner, Fila’s main franchise dealer in Europe, announced that he is optimistic about Fila’s development potential in the European market. This year, the brand’s European revenue is expected to reach 4.3 billion euros. Christoph Sschachtner pointed out that the group's goal is to expand the Fila product line, focus on solidifying the brand's foundation, and aim at long-term positioning. It hopes that Fila's annual growth rate will reach 10% by 2020. The group's strategy is to deepen the brand's market penetration in Europe by entering multi-brand stores. Currently, it is mainly developing regions such as Italy, France, Germany and Greece. By expanding geographically and expanding its product range, Fila is expected to be worth more than €620 million in continental Europe by 2020.

Tommy Hilfiger will once again implement the "see now, buy now" strategy at Fashion Week next February

Tommy Hilfiger has now gone to the United States Los Angeles to start preparations for the fashion show in February next year, and announced that it will once again implement the "see now, buy now" strategy . It is reported that the Tommy Hilfiger SS17 series will be held at Venice Beach in Los Angeles, USA on February 8, 2017. The design inspiration of this series mainly comes from the leisure lifestyle of the beach in California, USA. The financial report released by Pvh Group, the parent company of Tommy Hilfiger, last week showed that the brand performance was good. Although the domestic market in the United States was slightly sluggish, sales in the Asian and European markets increased, and the growth rate in the international market was 16%.

Ulta Beauty's total sales in the third quarter increased by 24.2% year-on-year. Full-year sales guidance was raised.

Ulta Beauty's total sales in the third quarter ended October 30 increased by 24.2% year-on-year to US$11.312 billion, and comparable sales actually increased by 16.7%, high Exceeding analysts' expectations; net profit increased 23.2% year-on-year to 87.6 million, and gross profit did not.CEO Mary Dillon said Ulta Beauty's performance growth accelerated in the third quarter, with record sales and earnings. The Group will continue to implement its loyalty program, increase Ulta Beauty's visibility, increase supply chain performance and strengthen the development of its e-commerce platform.

Ulta Beauty opened 42 new stores during the quarter and currently has a total of 949 stores. The group announced in October that it plans to double its existing store count to 1,700 to further enhance the store experience. In the first nine months of 2016, the group's net sales increased by 23.3% year-on-year to US$3.2742 billion, and net profit during the period increased by 27.0% year-on-year to US$269.5 million. In light of the positive trend, Ulta Beauty once again raised its annual sales growth guidance to between 13% and 15%.

Avon appoints Jamie Wilson as chief financial officer Jame Scshully remains chief operating officer

Avon Group announced on Thursday the appointment of Jamie Wilson as executive vice president and chief financial officer, effective January 1, 2017. He will report directly to Avon Chief Executive Officer Reporting from Executive Officer Sheri McCoy. After Jamie Wilson succeeds James Scully as chief financial officer, James Scully will remain as chief operating officer in 2017 and continue to be responsible for the company's change plan. As part of its plans, Avon accelerated cost-saving plans and established a new headquarters in the UK.

New Zealand organic skin care brand Trilogy’s sales surged 63% in the first half of the year. Chinese purchasing agents are the main force.

According to Reuters, Angela Buglass, CEO of New Zealand organic skin care company Trilogy, said that the company has successfully circumvented the epidemic through purchasing agents and e-commerce platforms. China requires external skin care products imported from abroad to undergo animal testing. The company, whose sales rose 63% year-on-year to NZ$47.8 million, or 234.3 million yuan, in the six months to September, is one of a number of cosmetics companies struggling with China's animal testing requirements. Angela Buglass said the company generates the majority of its sales in Australia and New Zealand, with 30% of sales coming from Chinese consumers who obtain Trilogy's products primarily through purchasing agents.

Other Stories, a brand of HM Group, has launched a series of natural beauty products 100% made in France

Swedish High-end brand Other Stories, a subsidiary of HM, a fast fashion group, has further expanded its product line and launched a new skin care and beauty series "Paris Atelier" made of 100% natural ingredients from France. , made with white truffle, saffron, oysters, Breton seaweed and rose honey from Provence. The collection, which includes a fragrance and ten body care products priced between 15 and 35 euros, is currently available in stores and online.

"Made in Spain" is popular. The total sales volume of the Spanish luxury goods industry in 2016 is expected to be 6 billion euros.

According to the Spanish Efe News Agency, the total sales volume of the Spanish luxury goods industry this year is expected to reach 6 billion euros, a year-on-year increase of 5.5%. Mainly due to the increase in exports and the recovery of the domestic economy. The latest data from Luxury Spain, a Spanish luxury goods agency, shows that exports currently account for 52% of the total sales of the Spanish luxury goods industry; among local luxury goods sales in Spain, locals contribute 25% of all luxury goods sales, and overseas tourists contribute 23.5% . Cristina Martin, head of Luxury Spain, said more and more international consumers are visiting Spain to buy Spanish-made goods.

Print media is struggling to survive Hearst Group may further layoffs

After CondNast announced the cancellation of the layoff plan for the US print edition of "Self" magazine and "W" magazine, Hearst also recently announced its latest integration plan. Hearst Group said in a statement that the group plans to merge the beauty, fashion and entertainment departments of its five major magazines "Cosmopolitan", "Seventeen", "Redbook", "Woman's Day" and "Good Housekeeping" to achieve resource sharing. , For the purpose of cost saving, the proposal will officially take effect in January next year. Some analysts said that the merger will inevitably lead to a new round of layoffs. A Hearst spokesman did not immediately respond.

Asics took over adidas as the new sponsor of the IAAF

It was only one day after adidas announced that it would terminate its contract with the IAAF three years in advance. The organization recently issued a statement saying that it has formed a partnership with the Japanese sports equipment manufacturer Asics. The statement stated that Asics has signed multi-year sponsorship agreements, including the 2017 World Athletics Championships in London and the 2019 World Championships in Doha, but neither party disclosed the specific amount and length of the contract.

In order to protect the exclusive flower fields of No. 5 perfume, Chanel publicly opposed French national railway company SNCF.

French luxury brand Chanel recently issued an open letter, expressing its firm stance on protecting the Grasse flower fields in Provence, France. It is reported that the high-speed railway planned to be built by the French state-owned railway company SNCF may pass through this flower field, and the flowers produced in the flower field are one of the main raw materials for Chanel's famous No. 5 perfume. Chanel said in an open letter that if SNCF insists on building the railway, the company will withdraw from here.

In January next year, Men's Wear Week will usher in three major changes: urban replacement, the rise of new talents, and the merger of men and women.

The Men's Wear Week that will be ushered in January 2017 will be the most changing Men's Wear Week in history, and it will keep up with the trend. Designers They have all broken the mold and redefined their fashion shows in their own way. Some analysts have summarized three major changes in the men's fashion week that will be presented in January:

1. Urban change. Moschino, which has always chosen to open its show in New York, decided to release its men's and women's collections simultaneously in Milan on January 8; American brand Coach also moved its fashion show from London to New York due to its 75th anniversary celebration and moved it to December 8; CK New The creative director also announced last week that he would choose New York to release his first men's and women's wear series after joining Calvin Klein.

2. Rookie rising. The most anticipated item of this Men’s Fashion Week is PS by Paul Smith, the newly launched technical fashion brand. The new brand series will be unveiled in January. Disturbing, the fashion brand established by British singer Tinie Tempah, is also scheduled to launch on January 1. Released in two weeks.

3. Men's and women's clothing series merged. In addition to "see now, buy now", another major trend at this year's fashion week is to showcase men's and women's collections together. Brands that have made this decision include Burberry, Vivian Westwood, Bottega Veneta and Calvin Klein.