Retail News CRM

Category: Fashion

Retail News Asia is committed to providing both local and global retailers with the latest Fashion news throughout the Asian market. This on a daily base.

  • Haus Nowhere Makes Thailand Debut: Tamburins and Gentle Monster Unveil Largest Flagships in Bangkok

    Haus Nowhere Makes Thailand Debut: Tamburins and Gentle Monster Unveil Largest Flagships in Bangkok

    The South Korean lifestyle conglomerate, Iicombined, continues to broaden its retail footprint with the launch of its multi-brand platform, Haus Nowhere, in Bangkok, Thailand.

    Situated on IconSiam’s M floor, the venue hosts two significant brand flagships: the premiere Tamburins outlet in Southeast Asia and the most extensive Gentle Monster store in Thailand.

    Haus Nowhere’s inauguration in Bangkok forms part of Iicombined’s vision for ‘Future Retail’ across leading international cities. Bangkok, now home to the fifth Haus Nowhere location, follows in the footsteps of Seoul, Shanghai, Shenzhen, and Dosan.

    Introducing Tamburins and Gentle Monster

    Tamburins, a Seoul-based fragrance and beauty brand established in 2017, makes its maiden voyage into Southeast Asia. The brand brings a comprehensive product range and exclusive in-store items to its Bangkok store. Shoppers will find a Blue Hinoki edition of Tamburins’ signature Egg Perfume and a 2ml fragrance accompanied by a unique Puppy Case.

    Gentle Monster, a prominent eyewear brand, unveils its third and largest store in Bangkok. Prior to this, the brand had established outlets at EmQuartier and Siam Paragon, solidifying Thailand as one of its most robust Southeast Asian markets.

    Signature Design and Unique Installations

    The flagship outlet showcases the brand’s characteristic combination of product and installation design. This positions Bangkok as an influential market for the label, attracting both local consumers and tourists from across the region.

    An added attraction at the venue is the ‘Sunshine Giant Dog’ installation, making its debut outside of Seoul for the first time.

    Questions & Answers

    What is the concept behind Haus Nowhere?
    Haus Nowhere is a multi-brand concept by South Korean lifestyle group Iicombined. It aims to introduce various brands into global markets under a single platform.

    What are the exclusive items available at the new Tamburins store in Bangkok?
    The Tamburins store in Bangkok will offer exclusive items such as a Blue Hinoki edition of its Egg Perfume and a 2ml fragrance featuring a Puppy Case.

    How does the new Gentle Monster store in Bangkok compare to its other outlets?
    The new Gentle Monster store in Bangkok is the brand’s third and largest outlet in the country, marking Thailand as a significant market for the eyewear brand.

  • Iicombined Unveils Haus Nowhere in Bangkok: Debuts Tamburins’ First Southeast Asia Store and Thailand’s Largest Gentle Monster Outlet

    Iicombined Unveils Haus Nowhere in Bangkok: Debuts Tamburins’ First Southeast Asia Store and Thailand’s Largest Gentle Monster Outlet

    The Seoul-based lifestyle conglomerate, Iicombined, has broadened its retail footprint by launching its multi-brand store, Haus Nowhere, in Bangkok, Thailand.

    Prime Location

    The store, located on IconSiam mall’s M floor, hosts two major brand flagships: the first Tamburins store in Southeast Asia and the largest Gentle Monster location in Thailand.

    ‘Future Retail’ Concept

    The debut of Haus Nowhere in Thailand is part of Iicombined’s ‘Future Retail’ strategy to establish its presence in key global cities. Following Seoul, Shanghai, Shenzhen, and Dosan, Bangkok has become the fifth city to host a Haus Nowhere store.

    Tamburins’ Southeast Asia Debut

    Tamburins, a fragrance and beauty label established by Iicombined in Seoul in 2017, has made its Southeast Asia debut with a full range of products and exclusive items available only in-store. The store-exclusive items include a Blue Hinoki edition of its Egg Perfume and a 2ml fragrance with a Puppy Case.

    Gentle Monster’s Largest Store in Thailand

    The new Haus Nowhere store also hosts the largest Gentle Monster store in Thailand. This is the eyewear brand’s third location in Bangkok, following its previous ventures at EmQuartier and Siam Paragon, indicating that Thailand is one of Gentle Monster’s most active markets in Southeast Asia.

    The flagship showcases the brand’s signature installation-led design and establishes Bangkok as a crucial market for the label. It is expected to draw interest from both domestic and regional shoppers.

    The location also features the ‘Sunshine Giant Dog’ installation, displayed outside of Seoul for the first time ever.

    Questions & Answers

    What is the ‘Future Retail’ concept of Iicombined?
    The ‘Future Retail’ concept is Iicombined’s strategy of expanding its retail presence by establishing stores in key global cities.

    What is significant about the Tamburins store in Haus Nowhere, Bangkok?
    The Tamburins store in Haus Nowhere, Bangkok, is the first Tamburins store in Southeast Asia and offers a full range of its products, including some exclusive in-store items.

    How does the new Haus Nowhere store in Bangkok contribute to the growth of Gentle Monster in Thailand?
    The Gentle Monster store in Haus Nowhere, Bangkok, is the largest store of the brand in Thailand and its third location in Bangkok, indicating the company’s growing foothold in the Thai market.

  • Lululemon CEO McDonald Bows Out, Shares Soar Amid Hunt for New Leader

    Lululemon CEO McDonald Bows Out, Shares Soar Amid Hunt for New Leader

    Calvin McDonald, the current CEO of Lululemon Athletica, is scheduled to resign from his position on January 31. He plans to continue serving as a senior advisor until March 31. The company, known for its athletic leisure-wear, has launched a comprehensive search to identify a suitable successor for the CEO role.

    Company Performance Under McDonald

    Since McDonald’s appointment in 2018, the Canadian-based company has experienced significant global growth. However, the latest quarterly sales figures indicated a year-on-year decline in the Americas.

    In the third quarter earnings report for the fiscal year 2025, Lululemon’s diluted earnings per share (EPS) fell by 10 per cent and store revenues remained steady. Despite this, total revenues grew by 7 per cent due to a 33 per cent surge in international markets.

    Neil Saunders, the Managing Director of analytics firm GlobalData, described these figures as “soft.” He outlined three issues Lululemon is facing in the North American market: a softer market for athletic leisure-wear with little organic growth available, increasingly fierce and high-quality competition, and faltering execution against this challenging backdrop.

    McDonald’s Departure Statement

    Despite the criticisms, McDonald expressed pride as he announced his departure. McDonald acknowledged that his tenure as Lululemon’s CEO has been the pinnacle of his career. He conveyed immense pride in the team’s achievements over the past seven years, highlighting the transformation of the athletic apparel industry and the substantial opportunities that lie ahead for Lululemon.

    He expressed confidence in the product pipeline and action plan developed during his term, assuring that they would yield positive results and provide value to shareholders. McDonald committed to supporting the transition and guiding the leadership team in his advisory role.

    Under McDonald’s leadership, Lululemon expanded into over 30 countries and boosted its mainland China business into becoming the company’s second-largest market. The board also recognized his efforts in broadening Lululemon’s product portfolio.

    Following the announcement of McDonald’s departure, Lululemon’s stock (LULU) rose by 20 points after hours.

    Leadership Transition

    In the interim period, Chair Marti Morfitt will assume the expanded role of executive chair effective immediately.

    Morfitt expressed gratitude for McDonald’s contributions and appreciated his support for ensuring a smooth transition over the coming months. As the board anticipates the company’s future, it is committed to finding a leader with a proven track record of guiding companies through growth and transformation.

    Questions & Answers

    Who is Calvin McDonald?
    Calvin McDonald is the outgoing CEO of Lululemon Athletica who has led the company since 2018.

    What has been the impact of McDonald’s leadership on Lululemon?
    Under McDonald’s leadership, Lululemon expanded into over 30 countries, and its mainland China business became the company’s second-largest market. He also broadened Lululemon’s product portfolio.

    Who will be taking over after McDonald’s departure?
    Marti Morfitt, the current Chair, will assume the expanded role of executive chair immediately. The company is conducting a comprehensive search for a new CEO.

  • Keppel & Uniqlo Parent Ink Deal for Exciting Retail Expansion in Asia-Pacific

    Keppel & Uniqlo Parent Ink Deal for Exciting Retail Expansion in Asia-Pacific

    Singapore’s Keppel Corporation and Japan’s Fast Retailing, Uniqlo’s parent company, have entered into a Memorandum of Understanding (MOU) to investigate the potential for retail-oriented real estate opportunities throughout the Asia-Pacific region.

    Key Signatories

    Christina Tan, CEO of fund management and chief investment officer at Keppel, and Takayuki Miki, group executive officer at Fast Retailing, were the signatories to the agreement.

    Promising Collaboration

    The partnership is already bearing fruit with Uniqlo set to become a tenant in Keppel’s forthcoming Hanoi Centre in Vietnam. Slated to open next year, the Hanoi Centre is expected to be the city’s largest shopping destination.

    Uniqlo first made its entrance into the Vietnamese market in 2019 and has since established 30 stores nationwide. These are primarily located within major malls and shopping centres.

    A Year of Record Profits

    Fast Retailing recently announced record profits for the year ending in August. The company also forecast a fifth straight year of record earnings for fiscal 2026, attributing this predicted success to its aggressive expansion in North America and Europe.

    Questions & Answers

    What is the purpose of the MOU between Keppel Corporation and Fast Retailing?
    The MOU signifies the two companies’ intent to explore retail-focused real estate opportunities in the Asia-Pacific region.

    What is the first visible outcome of this collaboration?
    The first notable outcome of this partnership is that Uniqlo is set to become a tenant in the Hanoi Centre, a major retail mall being developed by Keppel in Vietnam.

    How is Fast Retailing performing financially?
    Fast Retailing recently reported a record profit for the year ending in August, and anticipates a fifth consecutive year of record earnings by fiscal 2026, largely due to its rapid expansion in North America and Europe.

  • Shiseido Announces Major Organizational Restructure for 2026: Embracing Sustainability, Creativity, and Digital Transformation

    Shiseido Announces Major Organizational Restructure for 2026: Embracing Sustainability, Creativity, and Digital Transformation

    Shiseido, the multinational personal care company, has recently revealed significant organizational and personnel changes which will come into effect at the start of the new year.

    Organizational Changes

    Shiseido plans to streamline its operations by introducing new business units to consolidate areas related to sustainability, creation, and digital operations. The company is set to establish the Sustainability Strategy Acceleration Office within its corporate transformation acceleration department. This new office will integrate all functions related to sustainability, including the DE&I group, which will result in the dissolution of both the Sustainability Strategy Acceleration Department and the DE&I Department.

    A new division, the Art and Creation Division, will also be established by merging functions from the Beauty Creation Center, Shiseido Creative, and the Art & Heritage Department. Shiseido Creative’s functions will be transferred to the newly formed Creation Department, while the Art & Heritage Department will be restructured as the Corporate Value Creation Office.

    Digital Operations Consolidation

    In a move towards digitalization, Shiseido will establish the Global Digital Division and the Global Business Engagement Department. These new entities will streamline resources by merging digital and IT functions under a single, unified platform. Existing IT capabilities, currently dispersed across various units, will be consolidated into the Global Digital Division.

    Following the completion of the core system FOCUS rollout, the Business Transformation Department will be dissolved. It will be replaced by two new teams: the Global Business Engagement Department and the Global Enterprise Application Department.

    The Digital Transformation Office will also be restructured and will be known as the Global Digital Platform Department henceforth.

    Leadership Appointments

    Alongside these structural changes, Shiseido has also announced its associated leadership appointments. The newly appointed leaders include Naoko Hase, Maki Yamamoto, Atsushi Yasuda, Venkatesh Somasundaram, Yuki Mikita, Keiko Sakurai, Takuma Kurahashi, and Yuu Miura. They will take the reins across various functions such as risk management, digital governance, global process management, creation, and product value development.

    Questions & Answers

    What are the significant organizational changes announced by Shiseido?
    Shiseido is set to introduce new units for the consolidation of functions related to sustainability, creation, and digital operations. Also, several existing departments will be restructured or dissolved accordingly.

    What is the aim of Shiseido’s digital operations consolidation?
    The aim is to streamline resources by merging digital and IT functions under a unified platform. Existing IT capabilities, currently dispersed, will be consolidated into the newly formed Global Digital Division.

    Who are the newly appointed leaders at Shiseido?
    The newly appointed leaders include Naoko Hase, Maki Yamamoto, Atsushi Yasuda, Venkatesh Somasundaram, Yuki Mikita, Keiko Sakurai, Takuma Kurahashi, and Yuu Miura, who will oversee various functions such as risk management, digital governance, global process management, creation, and product value development.

  • Levi’s Makes a Fashion Statement: Weaving into the Cultural Fabric of Australia

    Levi’s Makes a Fashion Statement: Weaving into the Cultural Fabric of Australia

    At the 2025 National Gallery of Victoria (NGV) Gala, an unexpected element caught everyone’s attention – a denim carpet. This unusual red carpet replacement was not just a whimsical twist, but a calculated move by Levi’s, the clothing brand sponsor, showcasing its deep-rooted connections within the cultural matrix of today.

    The NGV Gala, one of Australia’s most esteemed events, is a grand celebration of art, fashion, and food. Levi’s participation in the grand event extended beyond a mere brand appearance. It signaled a strategic step in its plan to establish itself firmly at the confluence of culture in the Australasian region. Levi’s seized this opportunity to position itself not just as a heritage brand but as a proactive player in shaping modern creativity.

    A Strategy Rooted in Authenticity

    The General Manager of Levi’s ANZ, Michael Baer, had highlighted the crux of the partnership prior to the Gala. He stressed the importance of cultural credibility, maintaining that it had to be genuine and earned rather than contrived.

    Baer insisted, “It is of utmost importance that every partnership we form feels authentic and reciprocal.” This philosophy was at the heart of Levi’s strategy: forging ties that mirrored the brand’s ethos and resonated with its community.

    This authenticity was evident in every decision made during the Gala, starting with the Levi’s Denim Carpet. This innovative centerpiece replaced the traditional red runway with a deep indigo denim sprinkled with the iconic red tab, a subtle yet powerful homage to the brand’s heritage. It represented Levi’s 150-year-old legacy of turning workwear into something functional yet fashionable, ordinary yet iconic.

    Fashion, Music, and Art Fusion

    Levi’s aimed to transcend mere visibility. It sought to establish a presence where its audience already existed – in music, art, and fashion. The Gala offered the ideal environment for this.

    Manly-based musician Don West, known for his effortless cool and natural affinity for denim, was the star attraction of the night. He performed with his seven-piece band, all bedecked in bespoke Levi’s pieces fashioned in collaboration with designer Karen Walker.

    This performance highlighted Levi’s capacity to leverage live culture as a narrative medium – one that amalgamated sound, style, and substance.

    Complementing the concert was a fashion runway featuring designs by RMIT’s top fashion students. Their designs, a fusion of innovation and sustainability, mirrored Levi’s ongoing commitment to nurture young talent and advocate environmentally friendly design.

    Local Connections, Global Resonance

    The NGV Gala partnership reflected Levi’s broader regional strategy: forming meaningful collaborations with local creative communities to expand its cultural influence.

    Levi’s aspired to reflect the diversity and creativity of its consumers in Australia and New Zealand, from collaborating with visual artists to engaging musicians. This strategy aimed to solidify Levi’s enduring presence within Australia’s cultural institutions, ensuring the brand remained not just relevant, but central to the country’s creative dialogues.

    Heritage Melding with Modern Culture

    The NGV’s star-studded exhibition featuring Vivienne Westwood and Rei Kawakubo provided a fitting backdrop. Like Levi’s, both these fashion houses embody a rebellious spirit and a lasting impact on style and identity.

    By the end of the event, it was evident that Levi’s wasn’t merely a sponsor – it was a story weaver. Levi’s impact at the NGV Gala showcased a disciplined strategy founded on authenticity, creativity, and cultural partnerships.

    Questions & Answers

    What was the significance of the Levi’s Denim Carpet at the 2025 NGV Gala?
    The Levi’s Denim Carpet, replacing the traditional red carpet, signified the brand’s deep-rooted connection with the cultural fabric of society. It was also an homage to the brand’s heritage.

    What was the intention behind Levi’s partnership with the NGV Gala?
    Levi’s aimed to establish itself firmly at the crossroads of culture in the Australasian region, positioning itself as a proactive player in shaping modern creativity.

    How did Levi’s reflect its commitment to authenticity and creativity at the Gala?
    Levi’s showcased its commitment to authenticity and creativity by creating meaningful collaborations with local creative communities, nurturing young talent, advocating environmentally friendly design, and leveraging live culture as a narrative medium.

  • K-Beauty Boom: CJ Olive Young Records Massive Surge in Tourist Spending

    K-Beauty Boom: CJ Olive Young Records Massive Surge in Tourist Spending

    CJ Olive Young, a South Korean retailer, has experienced a significant surge in sales from international patrons at its physical locations throughout the country. According to the company, between January and November, foreign visitors contributed to a staggering 1 trillion won (about US$680 million) in sales. This represents a twenty-six-fold jump compared to the previous year.

    Sales Figures Show Increasing Global Interest

    The company’s data reveals that sales to international customers, which accounted for roughly 2% of overall offline revenue in 2022, increased to approximately 10% in 2023. This year, these sales have exceeded 25%, demonstrating CJ Olive Young’s mounting allure to worldwide shoppers.

    The spokesperson for CJ Olive Young expressed the significance of achieving 1 trillion won in sales from international visitors. The spokesperson highlighted that it represents a collective accomplishment, achieved in partnership with small, medium-sized, and indie brands that have engaged with customers globally through CJ Olive Young.

    The company expressed its dedication to ensuring that K-beauty, or Korean beauty, is more than just a trend. They see it as a compelling reason for repeat visits to Korea and an integral component of the country’s domestic inbound tourism.

    High Patronage Under the Global Tax-Free Program

    The retailer further revealed that under the Global Tax-Free (GTF) program, a staggering 88% of domestic cosmetic purchases were made at CJ Olive Young outlets. This figure indicates that nearly nine out of every ten foreign shoppers prefer the chain. Moreover, tax refunds were claimed by visitors from 190 distinct nationalities at the retailer’s locations.

    The retailer also noted an increasing trend of foreign customers visiting multiple stores. Around 40% of these shoppers reportedly explore two or more locations to experience varying store layouts and curated product selections.

    Consumers Diversifying Their Purchases

    In addition to visiting multiple locations, international shoppers have also shown a growing interest in diversifying their purchases. According to company data, 58% of foreign shoppers buy products from six or more brands, and 33% make purchases from ten or more brands. This trend points towards a growing interest in a broad range of K-beauty products.

    Questions & Answers

    How much has CJ Olive Young’s sales to international customers increased?
    Sales from international customers have seen a twenty-six-fold increase compared to the previous year, with foreign visitors contributing to a staggering 1 trillion won (about US$680 million) in sales between January and November.

    What proportion of domestic cosmetic purchases under the GTF program were made at CJ Olive Young outlets?
    Under the Global Tax-Free (GTF) program, a substantial 88% of domestic cosmetic purchases were made at CJ Olive Young outlets.

    What shopping trends among foreign customers have been noted by CJ Olive Young?
    Foreign customers are increasingly visiting multiple store locations and diversifying their purchases. Around 58% buy from six or more brands, and 33% buy from ten or more brands, demonstrating a growing interest in a broad range of K-beauty products.

  • Victoria’s Secret Q3 Sales Soar, Marking Successful Turnaround Strategy

    Victoria’s Secret Q3 Sales Soar, Marking Successful Turnaround Strategy

    Victoria’s Secret witnessed an escalating sales growth in its third fiscal quarter, suggesting that the company’s revamp strategies are gaining traction.

    The retail giant reported net sales of US$1.472 billion for the quarter ending November 1, marking a 9 per cent surge compared to a 3 per cent uplift in the second quarter. This follows a 6.5 per cent hike in the same period last year.

    During the quarter, comparable sales also rose by 8 per cent. This growth can be attributed not only to the restoration of the company’s website, which suffered an outage last quarter, but also to the successful implementation of the strategies devised by the management.

    Customer-Focused Business Model

    Victoria’s Secret has managed to transform itself into a customer-centric business in a short span of time, thereby proving to be a game-changer. The company witnessed significant growth internationally, registering a 33 per cent uplift. Furthermore, the North American market also experienced a 5.4 per cent increase in store revenue and a 4.3 per cent rise in digital sales.

    One of the key amendments implemented by the management was the renewed emphasis on innovation. As a specialist, Victoria’s Secret has demonstrated its commitment to manufacturing and delivering superior products. Especially in areas like bras, where the technicalities of fit, form, and function offer immense opportunities, the retailer seems to be making a difference to the customers.

    In the recent past, the company had somewhat lost its edge in this area but under the current leadership, it is being reintegrated into the core of the business through initiatives like FlexFactor.

    Investment in Stores & the Pink Brand

    Another factor driving growth was the investment in store improvements to ensure superior customer service and advice. The new store designs are lighter and more inviting, thereby making Victoria’s Secret a more approachable brand with broader appeal.

    Additionally, the Pink brand under Victoria’s Secret umbrella also made significant strides. It is evolving from a mere addition to Victoria’s Secret into a distinct segment of the business with its unique tone and essence.

    Improved Financial Performance

    In financial terms, the company managed to narrow its operating loss from $47 million last year to $19 million. The net loss also reduced from $56 million to $37 million.

    With an improved performance, the retailer has lifted its outlook for the full fiscal year. It now expects net sales to fall in the range of $6.45 billion to $6.48 billion, compared to the previous guidance of $6.33 billion to $6.41 billion.

    Questions & Answers

    What was the net sales for Victoria’s Secret in the third fiscal quarter?
    The reported net sales for the quarter ending November 1 was US$1.472 billion.

    What changes has the current leadership at Victoria’s Secret implemented?
    The current leadership has renewed the focus on innovation and customer service. It has also made store improvements and evolved the Pink brand to be distinct from the Victoria’s Secret.

    What is the revised sales outlook for the full fiscal year?
    Victoria’s Secret expects the net sales to be in the range of $6.45 billion to $6.48 billion.

  • Jewellery Demand Sparkles in Singapore, Driving Retail Sales Growth

    Jewellery Demand Sparkles in Singapore, Driving Retail Sales Growth

    In recent data from Singapore’s Department of Statistics, there has been a resurgence of retail sales growth in October, rebounding from a deceleration experienced in the prior month.

    Retail Sales Overview

    Retail sales, with the exclusion of motor vehicles, witnessed a 3.7% rise in October. This rate is notably quicker than the revised growth of 1.8% seen in September, yet it lags behind the 4.7% increase witnessed in August.

    The estimated worth of these retail sales was approximately SG$3.8 billion (US$2.9 billion), with online channels contributing to 16.8% of this total revenue.

    Industry Growth

    A majority of the sectors reported an annual growth in their sales for this month. The watches and jewellery sector retained its position at the top for the third consecutive month. Sales in this sector surged by 25%, largely credited to a spike in jewellery sales.

    Recreational goods saw the second-highest increase at 20.4%, followed by optical goods and books, and cosmetics, toiletries, and medical goods, both of which reported a 6.9% increase.

    Declining Sectors

    On the other end of the spectrum, petrol service stations experienced a 17.4% decrease in sales. This was followed by wearing apparel and footwear, which fell by 3.7%, and food and alcohol sales, which fell by 2.5%.

    Food and Beverage Services

    On a brighter note, the sales of food and beverage services in October saw a 2.4% increase, amounting to $1 billion. This contrasts with the 1.6% decline that was recorded in September.

    Questions & Answers

    Which sector had the highest growth in sales?
    The watches and jewellery sector saw the highest growth, with sales up 25%, largely due to higher jewellery sales.

    What was the estimated worth of retail sales in October?
    The estimated worth of retail sales for October was approximately SG$3.8 billion (US$2.9 billion).

    Which sectors saw a decrease in sales?
    Petrol service stations reported a 17.4% sales drop, while wearing apparel and footwear dropped by 3.7%, and food and alcohol sales decreased by 2.5%.

  • Versace Bids Farewell to Creative Chief Dario Vitale After Brief Tenure

    Versace Bids Farewell to Creative Chief Dario Vitale After Brief Tenure

    Dario Vitale, the creative director of Italian fashion giant Versace, is set to depart from his role after a brief tenure, the fashion label announced on Thursday.

    Departure Announcement

    Acknowledging Vitale’s contribution, Versace expressed their gratitude for his significant role in shaping the brand’s creative strategy during the transitional phase. The fashion house continued to wish Vitale every success in his future career endeavors.

    Vitale’s departure is scheduled for December 12, as disclosed in the official announcement by Versace. The statement also promised that the name of his successor would be unveiled in the coming times.

    Entry and Exit

    Before joining Versace, Vitale had been an established designer at Miu Miu. He assumed the role of Versace’s chief creative officer in April, stepping into the shoes of Donatella Versace following her impressive tenure of almost three decades.

    The announcement of Vitale’s departure came shortly after the news broke of Versace’s acquisition by Prada. The deal was settled at approximately 1.3 billion euros, resulting in Versace changing hands from Capri Holdings to Prada.

    Questions & Answers

    What role did Dario Vitale play at Versace?
    Dario Vitale was the creative director at Versace. He played a significant role in shaping the brand’s creative strategy during his brief tenure.

    When is Vitale scheduled to leave Versace?
    Vitale is scheduled to depart from Versace on December 12, as disclosed in an official announcement by the company.

    Who will succeed Vitale as the creative director of Versace?
    The successor to Vitale as the creative director of Versace has not been announced yet. Versace has promised to reveal the name in due course.

  • LVMH Battles Billion-Euro Lawsuit: Luxury Leader Denies Claim of Misappropriating Hermès Heir’s Shares

    LVMH Battles Billion-Euro Lawsuit: Luxury Leader Denies Claim of Misappropriating Hermès Heir’s Shares

    Luxury conglomerate LVMH has publicly denied allegations that it illicitly acquired shares now valued in the billions of euros from Hermès heir, Nicolas Puech. LVMH has been named in a lawsuit alongside its CEO, Bernard Arnault, and ex-wealth manager Eric Freymond.

    The Allegations

    Puech has claimed that he was wrongfully deprived of Hermès shares, now worth billions of euros, due to the actions of Arnault, LVMH and Freymond. He has lodged a civil lawsuit against these parties, leading to an ongoing criminal investigation in France.

    In response to Puech’s claims, LVMH released a statement stating, “LVMH and its (controlling) shareholder firmly reaffirm that they never, at any time, misappropriated shares of Hermès International, in any way whatsoever or without anyone’s knowledge, and that they do not hold any ‘hidden’ shares, contrary to what Mr Nicolas Puech suggests.”

    Puech, previously one of Hermès’ largest individual shareholders, shared in a recent interview that he was unaware of any movement of Hermès shares in his name, purportedly for Arnault’s advantage.

    The Investigation

    Reports have circulated that Arnault will soon be questioned by investigative judges in Paris. However, no specific date has been provided, and Arnault’s spokesperson has not responded to requests for comment.

    The Paris public prosecutor’s office has clarified that, to date, only Freymond has been formally placed under investigation. Neither Arnault nor his companies have been subjected to a formal investigation.

    Questions & Answers

    What are the allegations against LVMH?
    Nicolas Puech, an heir to Hermès, has claimed that LVMH, its CEO Bernard Arnault, and former wealth manager Eric Freymond wrongfully deprived him of Hermès shares worth billions of euros.

    Has LVMH responded to these claims?
    Yes, LVMH has denied any wrongdoing, stating that they have not illicitly acquired any shares of Hermès International.

    Who is currently under formal investigation?
    At this time, only Eric Freymond, the former wealth manager, has been formally placed under investigation. The Paris public prosecutor’s office has confirmed that neither Bernard Arnault nor his companies are currently under formal investigation.

  • Polene Infuses Local Heritage into Design of First Flagship Store in China: Sustainable Luxury in Beijing’s Taikoo Li Sanlitun

    Polene Infuses Local Heritage into Design of First Flagship Store in China: Sustainable Luxury in Beijing’s Taikoo Li Sanlitun

    Polene, a luxury brand hailing from Spain, has inaugurated its first-ever flagship store in China. The new establishment is situated in Taikoo Li Sanlitun, located in Beijing.

    Store Design and Features

    Visitors to the store are initially greeted by a large magnolia installation at the entrance, serving as an attraction for anyone entering the location. The store’s interior design showcases a harmony of modern aesthetics with elements of traditional Chinese craftsmanship.

    The store displays a blend of walnut wood, leather, and Xuan paper, which is a traditional Chinese paper made from Blue Sandalwood tree fibres and rice straw. This incorporation of local elements is a nod to the Chinese culture and heritage.

    Polene has also demonstrated its commitment to sustainability through its innovative use of materials. The brand has upcycled 12 tonnes of leather scraps, transforming them into compressed leather bricks that are extensively used in the store’s interior. This usage of recycled leather offers a distinctive, mineral-like texture, while simultaneously promoting sustainable practices.

    A Three-Level Journey

    The flagship store also houses a unique, three-storey experiential area named “Craft at Work – A Theatre of Artisanship”.

    The journey begins with a representation of a Paris workshop, complete with patacabras, small hammers used for leather crafting. The journey continues with a scene that pays homage to Ubrique, the Spanish town known for Polene’s leather production. The final stage of this experiential journey is a unique setting that transforms a leather atelier into a theatrical environment. Here, miniature bags traverse overhead conveyors, providing a fascinating spectacle alongside larger sculptural pieces.

    New Brand Ambassador

    In tandem with the flagship store’s launch, Polene has announced the appointment of actress and singer Zhu Zhu as its new brand ambassador. The brand praises Zhu Zhu for her confidence and effortless poise, which beautifully encapsulate Polene’s refined, minimalist aesthetic.

    Questions & Answers

    What is unique about the design of Polene’s flagship store in Beijing?
    Polene’s flagship store incorporates traditional Chinese elements such as walnut wood and Xuan paper into its contemporary design, alongside recycled leather bricks made from upcycled leather offcuts.

    What is the “Craft at Work – A Theatre of Artisanship” at Polene’s flagship store?
    This is a three-storey experiential area that guides visitors through a journey of craftsmanship, from a depiction of a Paris workshop to a tableau that transforms a leather atelier into a theatrical setting.

    Who is the new brand ambassador for Polene?
    The new brand ambassador for Polene is actress and singer Zhu Zhu, chosen for her confidence and poise that embody Polene’s refined, minimalist aesthetic.

  • Stella McCartney Joins Forces with H&M for a Sustainable Fashion Revolution: A Glimpse into the Eco-Friendly Collection

    Stella McCartney Joins Forces with H&M for a Sustainable Fashion Revolution: A Glimpse into the Eco-Friendly Collection

    Swedish multinational clothing-retail company H&M is gearing up for a collaborative venture with renowned fashion designer Stella McCartney. This partnership comes as a celebration of their first collaboration that took place in November 2005, marking two decades of their professional relationship.

    The forthcoming collection, slated for a Spring release in the upcoming year, is designed to resonate with McCartney’s sustained dedication to sustainable fashion. This will be achieved through the use of responsible and recycled materials, embodying a conscious approach to fashion design.

    Audiences had the opportunity to get a first look at the collection during the Fashion Awards held in London on December 1. A line-up of models and celebrities including Amelia Gray, Anitta, Emily Ratajkowski, Yasmin Wijnaldum, Bel Priestley, Alton Mason, and Kiara Nirghin debuted pieces from the much-anticipated line.

    McCartney expressed her views on the collaboration as an opportunity to contemplate the advancements made in areas of sustainability, cruelty-free practices, and conscious design. However, she also acknowledged the substantial amount of work that remains to be done. She further stressed the importance of effecting change from both outside and within the industry, advocating for a comprehensive approach to progress.

    The collaboration is also set to introduce an Insights Board. This initiative is targeted at promoting discourse and innovation around sustainability and animal welfare within the fashion sector. The main goal of the board is to bring together a diverse range of voices from across the industry, fostering an exploration of novel approaches to responsible design and industry transformation.

    Questions & Answers

    What is the aim of the upcoming H&M and Stella McCartney’s collaboration?
    The collaboration aims to reflect Stella McCartney’s commitment to sustainable fashion by featuring responsible and recycled materials in its collection.

    What is the role of the Insights Board introduced in this partnership?
    The Insights Board is designed to promote discussion and innovation around sustainability and animal welfare within the fashion industry. It will bring together voices from across the industry to explore new approaches to responsible design and changes in the industry.

    What is Stella McCartney’s view on the progress of sustainable fashion?
    Stella McCartney views the collaboration as a chance to reflect on progress in sustainability, cruelty-free practices, and conscious design. However, she acknowledges that there’s still a significant amount of work to be done. McCartney believes in effecting real change by pushing from both outside and within the industry.

  • Rosec Jewels Redefines Luxury: Launches Lab-Grown Diamond Jewelry Collection

    Rosec Jewels Redefines Luxury: Launches Lab-Grown Diamond Jewelry Collection

    Rosec Jewels, a leading name in fine gemstone and diamond jewelry, proudly announces the launch of its Lab-Grown Diamond Jewelry Collection, marking a bold step toward a more sustainable and ethical future for luxury.

    With this new collection, Rosec Jewels blends timeless craftsmanship with modern innovation, introducing lab-created diamonds that match the brilliance, beauty, and durability of mined diamonds—without the environmental and ethical concerns.

    “Our vision has always been to make luxury both accessible and responsible,” said a spokesperson for Rosec Jewels. “The new lab-grown diamond collection reflects that vision by offering the same sparkle and sophistication customers love, while aligning with their values of sustainability and conscious consumption.”

    The collection features an array of engagement rings, wedding bands, earrings, pendants, and bracelets, all handcrafted in 14K and 18K gold. Each piece is designed to celebrate individuality, love, and authenticity—qualities that define both the wearer and the brand.

    Key Highlights of the Collection:

    Ethically Sourced & Sustainable: Lab-grown diamonds with minimal environmental impact.

    Certified Quality: Every piece comes with independent grading and certification for authenticity.

    Affordable Luxury: Premium designs made accessible without compromising craftsmanship.

    Modern Designs: Sleek solitaires, halo styles, and Toi et Moi inspirations that reflect contemporary tastes.

    This launch aligns with Rosec Jewels’ ongoing mission to redefine modern luxury—proving that elegance and ethics can coexist. The brand continues to inspire conscious consumers who seek beauty with purpose.

     

  • Onitsuka Tiger Makes Paw-Print in Fragrance Industry: Unveils Debut Perfume Line with Four Signature Scents

    Onitsuka Tiger Makes Paw-Print in Fragrance Industry: Unveils Debut Perfume Line with Four Signature Scents

    Onitsuka Tiger, a well-known Japanese shoe brand, has expanded its horizons with an entrance into the realm of fragrance. Their maiden collection of eau de parfum features four unique scents, each distinctively embodying the theme of “Wearing Quiet Radiance.”

    The brand collaborated with the skilled perfumer Mark Buxton to craft this exceptional range of fragrances, each named in a simple, sequential manner: Onitsuka Tiger One, Onitsuka Tiger Two, Onitsuka Tiger Three, and Onitsuka Tiger Four.

    The Fragrance Profiles

    Each fragrance in the collection presents a carefully balanced blend of notes, creating a diverse array of sensory experiences.

    Onitsuka Tiger One is a layered concoction, starting with the freshness of green notes, mint, and citrus. This is followed by white florals and incense, culminating in a warm base of patchouli, leather, and woods.

    Onitsuka Tiger Two takes a softer approach. The opening notes of bergamot and lemon transition into a heart of geranium and incense, with the fragrance eventually settling into a cozy base of powdery musk and sandalwood.

    Onitsuka Tiger Three delivers a warm blend that is anchored by the vibrant scents of orange, angelica, and violet. The addition of sea notes and smoky woods provides a textured, earthy finish.

    Finally, Onitsuka Tiger Four introduces itself with a zesty burst of peppermint and bergamot, which is then sharpened by the unique notes of absinthe and nutmeg. This evolves into a satisfying finish of vanilla, vetiver, and woods.

    Signature Presentation

    Each fragrance is elegantly presented in the brand’s signature yellow bottles. Designed to “play with light and shadow,” these bottles showcase the distinct logo lettering of Onitsuka Tiger and reflect the brand’s aesthetic.

    The company has lauded Buxton’s creations for their audacious and bold nature, which often exudes an energy that surpasses conventional norms. They further stated that the four scents embody their cherished aesthetic of contrast, meant to evoke tranquillity that reconnects with the essence while also radiating powerful brilliance.

    Onitsuka Tiger’s perfume collection is now available across the globe.

    Questions & Answers

    What inspired Onitsuka Tiger to venture into the fragrance industry?
    The company was inspired to create a fragrance collection that embodied their aesthetic of bold contrasts and tranquillity.

    What are the key characteristics of the Onitsuka Tiger perfume range?
    The perfumes are characterized by their unique blends of notes, creating diverse sensory experiences. They are presented in the brand’s signature yellow bottles.

    Where can the Onitsuka Tiger perfume collection be purchased?
    The collection is now available for purchase globally.