01
Last week, the winner and loser of the global fashion industry
According to fashion business news monitoring, Michael Kors' parent company Capri Group became the biggest winner in the fashion industry last week, with a cumulative share price of 25% and a market value of about US$3 billion; DKNY parent company G-III Group's share price rose 24% and a market value of about US$700 million; Urban Beauty's share price rose 16% and a market value of about HK$1.4 billion; Coach parent company Tapestry Group's share price rose 10% and a market value of about US$4.4 billion; Calvin Klein's parent company PVH's share price rose 9% and a market value of about US$4.7 billion.
The biggest loser is J.Jill, whose share price has fallen by 24% and its market value is about US$22.4 million; lululemon's stock price has fallen by 17% and its market value is about US$39.1 billion; Revolve's stock price has fallen by 16% and its market value is about US$1.2 billion; Seco's stock price has fallen by 14% and its market value is about US$150 million; Guess's stock price has fallen by 13% and its market value is about US$740 million.
European luxury giant performed positively, with the world's largest luxury group LVMH rising cumulatively by 2.3%, with a market value of 209.8 billion euros; Gucci parent company Kering Group's share price rose 2.1%, with a market value of about 72.8 billion euros; Hermes' share price increased by 0.3%, with a market value of about 78.4 billion euros; Cartier parent company Richemont Group's share price rose 6.37%, with a market value of 37.3 billion Swiss francs. Further reading: Data | Who is the most resistant to declines? Summary of the second quarter financial report of 55 luxury fashion brands in the world
02
Prada This year, sales in China have exceeded the whole year of last year
Italian luxury group Prada CEO Patrizio Bertelli told Reuters last Friday that sales have been strong since the resumed stores of its brands in China, and has maintained double-digit growth since the beginning of this year. This year's Chinese Valentine's sales have hit a record high. So far, the sales of products have far exceeded the whole year of last year. However, due to the stagnation of global tourism, the group expects overall sales to fall by 35% in fiscal 2020. Further reading: Prada China's revenue rose by 60% in June, and its organic retail sales remained the same as its competitor Gucci in the first half of the year
03
LVMH ended its 7-year partnership with Nicholas Kirkwood
The world's largest luxury goods group LVMH recently announced that it will end its ties with British luxury shoe brand Nicholas Kirkwood's 7-year partnership. The group said in a statement that the decision was jointly made by both parties and the split will be completed by the end of this year. The group will continue to support the development of Nicholas Kirkwood in the coming months to ensure the smooth completion of the transaction. As of now, the specific transaction terms have not been disclosed, and Nicholas Kirkwood declined to respond to the news.
04
FarfetchReplace new logo
According to fashion business news, the British luxury e-commerce platform Farfetchhtml changed the new logo 5 days ago, from the original single letter "F" to two upper and lower case letters stacked together, and the font of the official website "Farfetch" has also changed from the previous flower body to bold. It is worth noting that in March this year, Farfetch launched the new product release strategy of "Farfetch BEAT" and announced the Chinese name "Fafaqi". Some analysts pointed out that the replacement of the logo means further acceleration of the brand upgrade strategy of Farfetch. Extended reading: Market value approaches 10 billion US dollars, Farfetch GMV hits the highest in the second quarter
5
accelerate the digital layout Peacebird %99Juhuasuan Big Winner
According to fashion business news, domestic clothing group Peacebird has become the winner of the annual "Juhuasuan 99Peace Festival". During the three-day event, Peacebird , its Peacebird women's clothing, Peacebird men's clothing, and Peacebird children's clothing ranked first, second and third in Taobao's entire network category respectively, and Lecheng ranked seventh in the women's clothing category on the entire network. Peacebird , the Italian skateboard trendy brand COPPOLELLA, officially announced in the first half of the year, performed well, ranking 21st in the men's clothing category on the Internet. The brand's iconic "Little Dinosaur" sweatshirt sold 19,000 pieces in Viya's live broadcast room on the evening of the 9th.
06
American affordable department store Century 21 goes bankrupt and will close all stores
American affordable department store Century 21 announced last Thursday that it filed for bankruptcy protection and will close all businesses. Founded in 1961, Century 21 is headquartered in New York and has 13 stores in New York, New Jersey, Pennsylvania and Florida. It has begun promotional clearance in stores and websites. The group said the fuse of bankruptcy was that the insurance company did not bear the losses it suffered during the epidemic on a contract, with an amount of US$175 million.
07
Puig Group launches contactless fragrance testing technology
To adapt to the market environment after the epidemic, Spanish perfume and fashion group Puig recently launched contactless fragrance testing technology Ai.lice. Consumers can use their smartphones to scan the perfume bottle or QR code on the packaging to obtain the fragrance and main ingredients of the perfume. This technology can also intelligently recommend similar products in the store that match consumers' preferences. Currently, this technology has been applied to Carolina, a subsidiary of Puig. Brands like Herrera, Nina Ricci and L’Artisan Parfumeur.
08
Nemar officially joined the Puma camp
After parting ways with American sportswear group Nike, football star Neymar officially signed a long-term contract with German sportswear brand Puma, and will wear Puma King football shoes in the field in the future. The clothing for daily life and training will also be provided by Puma. According to Fashion Business News Monitor, Neymar has a total of more than 244 million followers on social media, ranking fourth in Forbes' ranking of the world's highest-paid athletes released this year. Further reading: Or switch to Puma, Neymar and Nike have ended their 15-year cooperation
09
trendy store managed by Hiroshi Fujiwara THE CONVENI will close
trendy store managed by Hiroshi Fujiwara THE CONVENI will be officially closed at the end of September. Since its opening, THE CONVENI has created a number of classic items and is also one of the stores that consumers must check in when they go to Tokyo. It is worth noting that although Japan's THE CONVENI is about to close, THE CONVENI will soon land in Beijing, Shanghai and Chengdu to open POP UP STORE, and its future development focus will be on the Chinese market.
10
Men's beauty brand "Blue Series" received nearly 15 million yuan in financing
According to 36Kr, the men's beauty brand "Blue Series" recently completed nearly 15 million yuan in angel round financing. The investor is Locke Fund, and Jiayin Capital serves as the exclusive financial consultant. This round of financing will be mainly used for brand upgrades, product polishing, channel improvement and other aspects.The brand was established last year and has two product lines: men's skin care line and men's makeup. Currently, it has launched 11 products including lipstick, facial mask, BB cream, eyebrow pencil, etc. Further reading: Why is Chanel, which rarely makes men's clothing, launches men's beauty products?
11
Japanese comprehensive entertainment company Avex and Hypebeast have reached long-term cooperation and investment relations with Hypebeast
According to fashion business news, youth trend media Hypebeast recently issued a statement saying that it has reached a long-term market strategic partnership and investment relations with Avex Inc., the largest comprehensive entertainment company in Japan, and will take this opportunity to enhance and expand the business of both parties in Japan and around the world. As of the close of last Friday, Hypebeast's share price rose 1.35% to HK$0.75, with a market value of approximately HK$1.5 billion.
12
Jordan and Converse launched limited-edition joint sneakers
Nike Group's Converse and Jordan recently launched the "Why Not?" joint series. There are two limited-edition sneakers, created based on the Jordan XVI and Converse Chuck 70 shoe models. They are both favorite shoes by American basketball player Russell Westbrook. The design draws inspiration from Russell Westbrook's favorite punk-style leather jacket, using various materials such as leather and satin, symbolizing his gritty court performance. The joint product will be released in Greater China on October 2.
3
Kilian announced Ning Jing as the first brand ambassador
Kilian announced that actress Ning Jing was the first brand ambassador last Friday, saying that her straightforwardness and freedom are highly consistent with the founder Kilian Hennessy’s faith in releasing herself and enjoying the present. In the future, we will explore the world of fragrance with multidimensional sensory together. As of now, Ning Jing has about 16.96 million fans on Weibo. Recently, she successfully won the C position in the program "Sisters Riding the Wind and Waves" and has gained widespread attention on social media.
14
Bulgari established two new funds to support vaccine research and development work,
LVMH’s high-end jewelry and watch brand Bulgari announced at a webinar held recently that it will set up the Bulgari Women and Scientific Research Cooperation Fund and the Bulgari Clinical Fund to help women in the scientific community carry out scientific research and provide funding for clinical testing of new therapies and vaccines against the new coronavirus epidemic. CEO Jean-Christophe Babin said the collaboration with Rockefeller University reflects the brand's consistent attitude towards the epidemic.
15
Global consumers' demand for travel abroad will decrease by 57% this year
According to a UK study, the tourism industry in various countries has been hit hard by the epidemic. Global consumers' demand for travel abroad is expected to decrease by 57% this year. It will not be expected to recover to the pre-epidemic level until 2024 at the earliest, but the recovery speed of travel demand in the UK is slightly faster and is expected to return to the pre-epidemic level by 2022. Among all regions around the world, North America has been hit hardest as a tourist destination, with tourists expected to shrink by 70% this year.
16
TikTok has rejected Microsoft
TikTok parent company ByteDance has recently rejected Microsoft 's offer to acquire its US business, making Oracle the only public bidder for TikTok. Another source revealed that Oracle will be announced as TikTok's "trusted technology partner" in the United States, and the transaction may not be sold directly. As of now, , Microsoft refused to disclose details, ByteDance refused to comment, and Oracle spokesperson did not respond immediately.
