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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.

  • Kenzo founder Kenzo Takada dies from virus

    Kenzo founder Kenzo Takada dies from virus

    Paris-based Japanese designer Kenzo Takada, famous for creating the international luxury fashion house Kenzo, died in Paris on Sunday due to Covid-19 related complications, a spokesperson for Takada’s luxury K-3 brand said in a statement sent to CNN. His death came in the midst of Paris Fashion Week, which, through a hybrid of physical and digital shows, has forged ahead despite rising Covid-19 cases in France.

    It is with immense sadness that the brand K-3 announces the loss of its celebrated artistic director, Kenzo Takada. The world-renowned designer passed away on October 4th, 2020 due to Covid-19 related complications at the age of 81 at the American Hospital, in Neuilly-sur-Seine, France,” the statement read.

    In 1970, Takada rocked Paris with the debut of his namesake fashion line. Sold out of his first boutique, called Jungle Jap, his designs were a chaotic mix of loud colors and mismatched prints inspired by his travels.

    The world’s varied cultures would be a constant source of creativity — and everything from folk dresses to kimonos would be boldly reinterpreted for his runways. “There was much more of a cultural gap when you were traveling from one country to the next,” he said in a 2019 interview, reminiscing about trips taken in the 1970s. “So that really drove me and gave me a lot of influence and inspiration to work on different things around my trips.”

    On Paris, Takada would speak of its lasting influence. “A French way of working with fashion definitely influenced me and much later I started to blend other cultures into that specific fashion,” he said.

    “Of course now, fashion is everywhere; in New York, Paris, Milan, London, Tokyo, everywhere. But I think Paris stays very important.”

    The designer inaugurated his flagship store in the city’s Place des Victoires by 1976, and over the next three decades, he racked up numerous accolades and accomplishments — including a slew of magazine covers, the launch of a perfume empire and, in 1993, his brand’s purchase by luxury conglomerate LVMH — before retiring to pursue other creative projects in 1999.

    “Kenzo Takada was incredibly creative; with a stroke of genius, he imagined a new artistic and colorful story combining East and West — his native Japan and his life in Paris,” Jonathan Bouchet Manheim, CEO of Takada’s K-3 brand, launched in January of this year, said in a statement.

    “I had the chance to work alongside him for many years, always in awe, admiring his curiosity and his open-mindedness. He seemed quiet and shy at first, but he was full of humor. He was generous and always knew how to look after the people close to his heart. He had a zest for life… Kenzo Takada was the epitome of the art of living,” he added.

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  • Cartier opens Sanya flagship

    Cartier opens Sanya flagship

    Cartier has teamed up with China Duty Free Group to unveil its new-look boutique at Sanya International Duty-Free Shopping Complex.

    The Cartier Sanya boutique features an activation pad, which plays a “central” role in the concept, bringing the boutique “to life” for new launches and gatherings.

    In the brand’s first-ever rollout of a new waiting lounge concept, guests at the shop are welcomed in a décor featuring subtle shades of champagne and wood details, accompanied by curled walls in a rectangular space.

    To mark the boutique’s opening Cartier has curated pieces including the Panthère de Cartier Jewellery Collection – as modelled by actress and singer Victoria Song at the opening event – as well as a number of other highly sought-after signature Panthère de Cartier pieces.

    They include the Révélation d’une Panthère Watch, La Panthère Watch, Panthère de Cartier Necklace, Panthère de Cartier Ring, and Pasha de Cartier skeleton steel watch.

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  • H&M launches E-commerce initiative on Zalora Philippines

    H&M launches E-commerce initiative on Zalora Philippines

    Global Fashion Group (GFG), the leading online fashion & lifestyle destination in growth markets announces the launch of a two-month partnership between H&M and ZALORA Philippines.  ZALORA is the first e-commerce platform H&M has worked within the region.

    The two-month partnership with global fashion brand, H&M will be available from 1 October to 30 November 2020 on the ZALORA Philippines website where customers can shop a diverse range of H&M apparel, shoes, bags, and accessories ranging from Ladies, Young Ladies, Men and Kids.

    “We are delighted to collaborate with ZALORA on this new journey that we are exploring in the Philippines. For us to meet new and existing customers where they are and when they want is something we have been looking forward to. They will be happy to find stylish and basic essentials that are affordable and friendly to our planet, true to our business idea of offering all our customers fashion and quality at the best price in a sustainable way. ZALORA’s values and culture align well with ours and we admire their commitment to providing good and trustworthy customer experience, something that we deeply commit to at H&M,” shares Sylvain Crouzat, Country Sales Manager for H&M Philippines.

    This partnership is not only ZALORA’s biggest brand launch in 2020 to date but also broadens access to innovative options for the conscious shopper. H&M’s Ladies Fall Collection will feature sustainable pieces built around recycled materials—giving new life to old PET bottles, old garments, or textile off-cuts. All the pieces from the Kids Category are also made with 100% sustainably sourced cotton and zero harmful chemicals. Shoppers may easily search for these sustainable finds by using ZALORA’s Earth Edit filter on the website and app.

    “In true ZALORA style, we are kicking off the final quarter of the year with a bang through this very exciting partnership with H&M. Since we launched ZALORA, H&M has been among the most sought-after brands by our customers so we’re excited to allow them to conveniently shop their favorite brand from the safety of their homes, especially during this time,” shares ZALORA Co-Founder and CEO, Paulo Campos III. “As advancements in technology continue to push fashion to more progressive heights, H&M and ZALORA are at the forefront of this endeavor. The collaboration reflects how both brands are committed to expand opportunities and options for shoppers in the digital age,” he adds.

    H&M is now available on ZALORA at  zalora.com.ph/hm with prices starting at PHP 299.

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  • New investment venture UCG to buy hip brands and scale them for China

    New investment venture UCG to buy hip brands and scale them for China

    Unified Commerce Group, an exciting new retail acquisition and advisory group designed to drive innovation in the retail industry, and Frank And Oak, Canada’s award-winning sustainable fashion brand, today announced UCG’s strategic investment in Frank And Oak. Through access to its multi-disciplinary retail experts and vast industry network, UCG will provide Frank And Oak with the necessary resources to continue to nurture the brand’s strong following within Canada as well as fuel its expansion into the United States and its growth into new markets, including Asia.

    UCG was founded in 2020 by Omnichannel & New Retail pioneer Dustin Jones and Wall Street veteran Greg Freihofner to build a portfolio of purpose-driven brands that connect with consumers on a global scale and in the world’s most dynamic markets. Frank And Oak is UCG’s first strategic investment and sets the stage for future global brand investments and acquisitions. UCG’s tech-enabled platform drives scale for its brands through unified services; harmonizing strategy and execution to design, operate, and push boundaries in retail.

    “We are delighted to welcome Frank And Oak to UCG,” said Dustin Jones, co-Founder and Chief Executive Officer of Unified Commerce Group. “Frank And Oak is exactly the type of brand we set out to work with and we are excited to embark on its next chapter. In collaboration with the brand’s skilled CEO Jeremy Brown and the talented team in Montreal, we look forward to furthering the brand’s success in Canada and abroad.”

    Launched in 2012 by long-time friends Hicham Ratnani and Ethan Song, alongside a small group of passionate creatives, Frank And Oak design men’s and women’s apparel and accessories from its Montreal headquarters that are made to last with the highest standards to keep up with our demanding lifestyles, while ensuring minimal impact on the planet. A certified B Corporation, Frank And Oak is beloved in Canada and the US for its core values of sustainability, transparency, and functionality that are reflected in both its products and business practices. Like many retail brands worldwide, Frank And Oak has been significantly impacted by the Coronavirus pandemic and, as a result, filed a notice of intention to make a proposal in June 2020. The brand’s restructuring and its newly announced partnership with UCG are to be implemented through an asset sale transaction for which Modasuite Inc., the current Frank And Oak operator, is seeking the approval of the Superior Court of Quebec. Provided such approval is obtained, it is anticipated that the transaction will close shortly thereafter.

    Jeremy Brown, Chief Executive Officer of Frank And Oak said, “We are privileged to partner with Dustin, Greg, and the multi-faceted team at UCG who truly embody our values and share our optimism and vision for Frank And Oak. The support and guidance from UCG will allow us to drive sustainable long-term growth for Frank And Oak.”

    Hicham Ratnani, co-Founder and Chief Operating Officer of Frank And Oak said, “UCG provides an exciting path forward with a group that appreciates and will invest in our unique assets, vision, and team. I’m immensely proud of all that we have accomplished and overcome and the direction we are moving in as a brand.”

    As UCG and Frank And Oak embark on their partnership, together they will work to further Frank And Oak’s commitment to sustainability, and introduce the brand to new markets. Frank And Oak will proudly remain headquartered in Montreal – the city that inspired its creation and continues to fuel its evolution.

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  • H&M to close 250 stores globally as customers move online

    H&M to close 250 stores globally as customers move online

    The world’s second-biggest fashion retailer, Sweden’s H&M, says it plans to cut 250 of its stores globally. The closures will come next year after the firm said the Covid-19 pandemic had moved more shoppers online. Although it said sales had continued to recover in September, they were still 5% lower than the same month in 2019.

    The firm has 5,000 stores worldwide, but it is not yet clear how many closures will be in the UK.

    It said it was “too early for us to give any details on this, the numbers will differ from national market to market”.

    H&M has the contractual right to renegotiate or end leases on about a quarter of its stores every year. The retailer said that it planned a “net decrease of around 250 stores” next year.

    While its pre-tax profits fell to 2.37bn Swedish krona (£210m) for the nine months to 31 August, this was better than analysts had expected.

    However, it said 166 of its stores worldwide remained closed, and a large number still had local restrictions and limited opening hours

    Analyst Richard Lim of Retail Economics said: “What we have seen generally over the past few months of the pandemic has been a step-change in the number of sales going online.

    “That has affected all parts of the industry, but particularly clothing and footwear.”

    He also said that in terms of consumers physically visiting stores to do shopping, there had been a move from High Streets and shopping centers towards retail parks.

    “People can go in their cars instead of using public transport, and they are also able to buy in bigger bulk at retail parks,” Mr Lim said.

    H&M said it would now accelerate its plans to increase digital investment to cope with growing online demand.

    The Stockholm-based firm said it had taken “rapid and decisive action” to manage the impact of the coronavirus, including changes to purchasing, investments, rents, staffing and financing.

    Chief executive Helena Helmersson added: “Although the challenges are far from over, we believe that the worst is behind us and we are well placed to come out of the crisis stronger.”

    Sofie Willmott, from analytics firm GlobalData, pointed out that H&M’s sales in September “fell just 5% demonstrating the relevance of its product offer as shoppers start to feel more confident returning to stores”.

    But she said the firm “must enhance its online proposition given the importance of digital channels, to succeed in a very tough market”.

    In addition, Ms Willmot said H&M should consider “more significant changes” with regards to shop closures, or it will “continue to be hindered by its excessive store estate”.

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  • Allbirds completes US$100 million funding round, eyes new product categories

    Allbirds completes US$100 million funding round, eyes new product categories

    Woolworths has stared down a client watchdog appeal over disposable cutlery it branded as “compostable” and “biodegradable”.

    The grocery store large stocked disposable cutlery, plates, and bowls beneath its inexperienced “Select Eco” model between 2014 and 2017.

    The Australian Competition and Consumer Commission took the shop to the courtroom, arguing the typical Aussie shopper would consider the merchandise would biodegrade and compost when positioned within the family compost or common landfill, and that this was deceptive.

    But Justice Debra Mortimer knocked again the watchdog in 2019, discovering it was true that the merchandise might biodegrade in landfill or be changed into compost. The ACCC appealed the choice on the idea the packaging successfully made a promise about what would occur to the merchandise sooner or later.

    On Tuesday, it misplaced once more when Federal Court Justices Lindsay Foster, Michael Wigney, and Darren Jackson dominated in favor of Woolworths.

    Justice Mortimer discovered the merchandise might in truth flip into “useful compost” in a matter of months moderately than years, with some variability.

    But she agreed with the ACCC that on the time Woolworths offered the product within the packaging, it didn’t have any grounds for understanding if it was true.

    The ACCC argued this meant the conduct was deceptive even when it was the case the merchandise have been compostable and biodegradable.

    But the appeal judges disagreed, agreeing with Woolworths that representations are “either true or false” regardless of the frame of mind.

    The judges additionally discovered Justice Mortimer was proper to conclude the one representations made in regards to the merchandise have been that they have been biodegradable and compostable.

    “The representations here did not speak to the future at all,” the judges wrote.

    Woolworths didn’t counsel any time-frame by which the merchandise would biodegrade or compost, they mentioned.

    “In particular, Woolworths did not represent that the products would biodegrade or compost within a reasonable time in the conditions posited by the ACCC.”

    “In any event, even if Woolworths did make representations to that effect, they were true.”

  • Esprit reports US$503 million loss as Covid-19 interrupts reform plan

    Esprit reports US$503 million loss as Covid-19 interrupts reform plan

    Esprit has been facing difficult times much before the pandemic started owing to enfeebled sales and has now warned shareholders that it will be posting a loss of US $ 503.2 million in its annual report slated to release late next month.

    The European entities of the retailer are already under statutory administration and its shares were trading for as low as 12 cents in Hong Kong.

    Many analysts and investors believe the company has no reason left to continue trading.

    COVID-19 has had a significant impact on sales resulting in a 24 percent decline in revenue to US $ 1.277 billion from US $ 1.66 billion last year.

    The company also reported expenditure of US $ 310 million on trademarks, provisions for store closures, severance payments, property and plant and equipment.

    Apart from this, the management has also been seeing tough times with Karen Lo, part of the founder’s family, calling for the removal of CEO Anders Christian Kristansen and CFO Dr. Johannes Georg Schmidt-Schultes from the board in a special meeting of the shareholder in July.

    Earlier in July, Esprit said it would let go of 1,100 employees, mo

  • Celine pop up store in Shanghai at Plaza 66

    Celine pop up store in Shanghai at Plaza 66

    French luxury fashion brand CELINE has opened a new concept pop-up store in Shanghai at thePlaza 66 Mall. The store which has been entirely designed by Creative Director, Hedi Slimane, features women’s footwear, handbags and other leather accessories.

    There is also a selection of Celine’s fragrances. Even the furniture was personally designed by Hedi Slimane. CELINE is fully owned by LVMH, which is also the owner of Plaza 66 Mall, one of the most prestigious in China.

    CELINE new pop-up store in Shanghai at Plaza 66 Mall

     

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  • Vivid pop up for Moncler opens in Macau’s Galaxy mall

    Vivid pop up for Moncler opens in Macau’s Galaxy mall

    Just in time for the fall fashion season, The Promenade Shops at Galaxy Macau™ is pleased to announce the arrival of Moncler Genius Galaxy Macau Pop-Up. From now till 17 October at the Pearl Lobby, the exclusive Pop-Up will catch the debut of the first-in-Macau launch of Moncler Palm Angels – communicate with the other five Moncler Genius collections which were presented in Milan Fashion Week in February. The Pop-up will also feature the exclusive Moncler’s highly anticipated The Yellow collection.

    Moncler Genius Galaxy Macau Pop-Up redefines the concept of temporary space and reserve an unprecedented Moncler experience for the guests, re-writing the rules of the single-brand which becomes a specialty store. Designed with an all-round curatorial approach, the Pop-up is designed as interactive spaces animated by special activities to establish a close and comprehensive connection with the metropolitan context. The space features mirror stainless steel for the walls, and yellow neon light for the ceilings or the interiors. Viewing from the top of the space, the structure perfectly delineates the Moncler Genius Building with the numbers marking 1 to 8.

    “We are thrilled to host the latest collection of one of the most fashion-forward projects,” said Hazel Wong, Senior Vice President of Retail for Galaxy Macau. “The Moncler Genius Galaxy Macau Pop-Up represents an opportunity for sophisticated shoppers to experience exciting collaborations between an iconic brand and some of the fashion world’s most creative talents, with a combination of aesthetic and technical innovations. In addition to traditional luxury fashion, our shoppers can always find constant freshness, new trends with exclusive, first-in-Macau offerings at The Promenade Shops.”

    “Today’s world has changed enormously,” said Remo Ruffini, Chairman, and CEO of Moncler. “Communication has been totally revolutionized. The consumer wants to see something new every day and expects new shapes and languages to interact with a brand. Moncler Genius represents the way in which the brand projects into the future. A future that starts now”.

    Moncler Palm Angels is the eighth collaboration under the Moncler Genius project, a hub where exceptional creative talents work together to cultivate fresh new visions of the Moncler identity. Announced during Milan Fashion Week in February, Moncler Genius pursues a vision of “One House, Different Voices”. Each Moncler Genius project focuses on the classic Moncler down jacket, approaching the duvet experimentally while keeping function at the core of exploration. As a result, the creative soul of each project morphs with the Moncler soul for a new identity that is truly authentic.

    Moncler Artistic Director Francesco Ragazzi is also Palm Angels’ Designer. Milan-born Francesco Ragazzi started Palm Angels in 2011 as photographic documentation of skater culture in Los Angeles, Ragazzi later evolved the concept into a clot-ing line in 2015. For Moncler Palm Angels, Ragazzi turns his photographer’s eye toward imbuing Moncler’s trademark sportswear and down jackets with key elements of authentic skater subculture. Ragazzi will present and celebrate the exclusive launch of Moncler Palm Angels at Moncler Genius Galaxy Macau Pop-up on 6 Oct.

    Guests visiting the Moncler Genius Galaxy Macau Pop-Up with 6 out of the 8 Moncler Genius collections including 2 Moncler 1952, 4 Moncler Simone Rocha, 5 Moncler Craig Green, 6 Moncler Noir Kei Ninomiya and 7 Moncler Fragment Hiroshi Fujiwara and 8 Moncler Palm Angels, will also be able to explore The Yellow collection exclusively available at the pop-up. It is based on one-shot products and limited-edition cult items distinguished by yellow and black which define the communication of Moncler Genius. Items include T-shirts, knitwear caps, belt bags, feather down gilets, and more.

    Starting this season and continuing through the winter, shoppers are the first to see new stores, products, and café society destinations that have recently arrived to The Promenade Shops and are one-of-a-kind in Macau. They are the first to hear about the exclusive new brands and
    collections coming soon to The Promenade Shops. They are also the first to experience branded pop-up shops.

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  • Armani Box on Air Sanya pop up lets customers make their own movies

    Armani Box on Air Sanya pop up lets customers make their own movies

    International actress, Zhang Jing Chu, was invited to celebrate the opening of the Armani Box – Giorgio Armani’s traveling pop-up store – at an exclusive event held on the 11 May in Sanya, on China’s Hainan Island.

    Within the Sanya International Duty-Free Shopping Complex, the pop-up serves to highlight the brand’s makeup universe and beauty expertise to shoppers from all around the world.

    “With its hot red walls and black lighting fixtures, Armani box is full of surprises,” says Armani.

    “Uri, a giant red gorilla, welcomes visitors as they enter the store: created by Italian artist Marcantonio Raimondi Malerba, the full-sized gorilla is a replica of one that resides in Giorgio Armani’s home in Milan.”

    Armani describes the pop-up concept as a ‘sensorial and playful immersion’ in Giorgio Armani Beauty’s universe. It also features a photo booth.

    “With its hot red walls and black lighting fixtures, Armani box is full of surprises,” says Armani.

    “Visitors will indulge in a unique experience, as they will be able to book a private consultation with one of the eight top selected Armani Face Designers in Asia,” adds Armani.

    Travelers will be given the chance to try the Armani Glow complexion range – including the top-selling Power Fabric foundation; experience the full Armani lip range, including the Lip Maestro products and the latest Ecstasy Shine line. They will also have the chance to personalize their makeup products with an engraving.

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  • Hong Kong investor eyes Clarks stake

    Hong Kong investor eyes Clarks stake

    Clarks has reportedly seen a Hong Kong-based investor join the list of bidders interested in a majority stake in the retailer, as it seeks to refinance amid the Covid-19 pandemic.

    Private equity firm Lion Rock is one of two remaining bidders for the 195-year-old footwear retailer. If the deal goes ahead, it could end two centuries of majority family ownership at Clarks. Discussions about a deal are expected to conclude in the next month and are said to include a rival bid from Alteri Investors.

    Moreover, the Clark family is likely to retain an equity stake in the business, which may be reduced to less than 50 percent – depending on the discussions.

    Clarks first revealed discussions about a share sale back in May, with around £100 million and £150 million likely to be injected into the business as part of any deal. The company’s chief executive Giorgio Presca said at the time that its new strategy ‘Made to Last’ will aim to transform it amid the pandemic.

    Clarks said at the time that the strategy will result in 900 job losses and 200 new roles. The retailer said it is “currently reviewing options to best position our business, our people and the Clarks brand for future long-term growth”. A string of accountancy firms is working on a restructuring of Clarks as it continues to struggle with trading amid the pandemic.

    The chain’s family shareholders have drafted in KPMG to advise them, while Deloitte has been hired by the management team. PwC had been appointed by a syndicate of the footwear chain’s lenders as they assess the Covid-19 impact on its prospects. Meanwhile, investment bank Rothschild is also advising the company.

    Clarks trades from about 345 stores in the UK, employing thousands of people, but has denied that it will be exploring a CVA. The retailer has furloughed thousands of its store staff under the Coronavirus Job Retention Scheme.

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  • Mochi Shoes completes 20 years

    Mochi Shoes completes 20 years

    Awesomeness trends once again as Mochi, the stylish youthful Indian footwear and accessories brand, turns 20 this year. Since its debut in the year 2000, the brand has expanded its presence in 74 cities with 144 stores. The Big Birthday Bash of Mochi as it turns 20 begins with a pre-celebration of 14 days starting 26th Sept to 9th Oct, with 10th and 11th Oct being the two BIG BIRTHDAY DAYS! The brand is celebrating this milestone with special offers, lucky draw prizes, special surprises on the big days, lots of excitement via various gifts, engagement with its followers on its digital platforms.

    What began as the first store in the year 2000 on Commercial Street of Bangalore has now expanded rapidly over the years into a brand that is synonymous with vibrant, fresh designs, creativity, and spunk for young Indians. In the past two decades, Mochi has gained experience providing bright, vibrant stylish footwear trends to the youth and has guaranteed a unique strong identity in style. This brand provides a wide assortment of fashion footwear along with trendy handbags, belts, socks, wallets, and more

    Speaking on this special occasion, Alisha Malik, VP Marketing and Ecommerce, Metro Brands LTD, said, “Mochi, the young, vibrant, fun brand is turning 20 and that’s a milestone all of us are very excited about. It is a brand that is very special to all of us. This 16 day of birthday celebration will also bring a positive vibe to our customers in this current pandemic. It’s the Mochi spirit, after all ‘Awesome Never Stops’! We would like to thank all our customers, employees, partners, Karigars, who have been through this exciting journey with us and have helped us achieve this milestone.”.

    Leveraging its heritage, most of the products from Mochi Shoes are ‘Made in India’ with the skill and expertise of over 4000 local Karigars. The philosophy of durability, quality, and innovation has continued, and the brand now offers footwear styles for men, women, and children.

    Mochi is celebrating its 20 glorious years with a series of activities at the store as well as on e-commerce platforms such as – Spin a Wheel, wherein customers can win their offer, free shopping and much more and redeem. This is assured for anyone who spins. There is a Lucky draw at the end of the duration, wherein over 1000 prizes will be given out. Customers stand a chance to win Apple I-pads, Prime subscriptions, Echo, fire sticks, free shopping, and lots more. Customers can choose to shop either at the store or from their e-commerce site

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  • Fosun finally completes acquiring fashion label Tom Tailor

    Fosun finally completes acquiring fashion label Tom Tailor

    Fosun International Limited (Stock Code: 00656.HK) today announces to acquire 100 percent of the shares in Tom Tailor GmbH, together with its subsidiary companies. This enables the fashion brand, with around 3,400 employees, to achieve long-term business development and sustainable growth through Fosun’s strategic empowerment and ecosystem.

    Fosun has always believed in the brand value of Tom Tailor since the beginning and has purchased the minority of brand shares of its listing company TOM TAILOR Holding SE as early as 2014. After years of investment and funding, Fosun finally acquired its controlling stake in 2019.

    “Since first becoming a shareholder in 2014, Fosun has been deeply committed to Tom Tailor – and has always believed in the brand and continued to invest in it, even in particularly challenging times for the entire Tom Tailor Group,” said Gernot Lenz, CEO of Tom Tailor GmbH. “The knowledge and experience we have gained together over the years make Fosun the ideal partner to take Tom Tailor GmbH to the next level once again, both during and after the coronavirus outbreak.”

    From now on, Tom Tailor GmbH is hoping for a stronger come back in the fashion market, being able to stay ahead in the competition with Fosun’s steady empowerment. Fosun Fashion Group (FFG), as an important industry sector within the Fosun ecosystem, is continually providing support through investments and aligning with management to ensure that capital and strategy are in place. Thanks to the continued financial support from Fosun, as well as new strategic measures with a clear focus, Tom Tailor GmbH is confident about its future in the industry, at the same time capable of contributing to the fashion ecosystem of Fosun.

    “Fosun is committed to making long-term strategic investments in companies that offer high-quality products and services to families around the world,” explained Xu Xiaoliang, Co-CEO of Fosun International. “As one of the largest fast-fashion brands in Germany, Tom Tailor GmbH has developed a firm market base and an extremely high level of brand recognition among consumers, as well as a fully developed supply chain and logistics system in German-speaking countries. We remain confident about this. We would like Tom Tailor GmbH to become an even more resilient and more fruitful partner for us.”

    Tom Tailor GmbH aims to overcome its current and future challenges and will be able to build on the growth recorded in 2019. With financing secured for all areas of the Tom Tailor GmbH business until September 2024, the company can implement the numerous operational and strategic measures as planned. These measures will primarily address the following five aspects:

    • Improve products: Tom Tailor GmbH will invest in effectively improving the quality and appeal of its products.
    • Increase customer loyalty: Tom Tailor GmbH will introduce a variety of individual initiatives to significantly improve and maintain the loyalty of its customers in the long term.
    • Continue with targeted internationalization: Tom Tailor GmbH aims to continue its successful growth trajectory in several countries outside of its existing core markets, particularly in South-Eastern Europe.
    • Strengthen online business: Tom Tailor GmbH will selectively expand its digital sales channels and online presence for a significant growth online revenue.
    • Improve efficiency: Tom Tailor GmbH will cope with the effects of the COVID-19 pandemic by implementing a bold program to streamline processes along the company’s entire value chain.

    Despite all the challenges, Tom Tailor GmbH’s clear ownership structure and financing arrangements make it one of the few players in the fashion industry, resting on a very concrete foundation for further development. This stability does not only ensure a solid ground for upcoming improvements. It is also going to provide all of the company’s stakeholders – particularly its trading partners, suppliers, financing partners and, of course, its employees – with the reliability required to successfully develop the business going forward.

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  • Hermes Japan opens a new store in Osaka

    Hermes Japan opens a new store in Osaka

    Luxury fashion house Hermes has opened a new store in Osaka, its fourth store in the city. Located at Parco shopping center, the new Hermes store spans two stories and occupies a 515sqm space.

    Designed by the Parisian architecture agency RDAI, the store facade features floor-to-ceiling undulating glass windows, creating a “water-like effect” on both floors. Meanwhile, the store interior is decorated with ropes hanging from the ceiling, showcasing traditional Japanese craftsmanship with the Kumihimo braiding technique.

    Hermes’ silk collections, including the new double-sized scarves, are displayed at the store’s center while ready-to-wear collections are presented at both sides of the store. Far end of the store is an “intimate salon”, featuring women’s accessories, including shoes, jewelry, and watches.

    The new Hermes Osaka store features a bar and a made-to-measure service on the upper floor.

    “Echoing the annual theme for 2020, Innovation in the Making, this new retail space mirrors Hermes’ tribute to the human hand and to the ingenuity of its artisans,” the company said in a statement.

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  • Uniqlo launches initiative to recycle its products

    Uniqlo launches initiative to recycle its products

    Japanese apparel business Uniqlo has launched a recycling initiative aimed at reducing the footprint of its products being improperly disposed of.

    Called Re.Uniqlo, the program enables the business to recycle old clothes into new clothes, redistributing old clothes to people in need, and, in Japan only, recycling old clothes into fuel and materials.

    Goods to be recycled can be taken into Uniqlo stores and deposited within Re.Uniqlo boxes. All Uniqlo items are accepted, but the business asks that customers wash clothing beforehand and ensure there are no personal belongings included.

    “We collect second-hand Uniqlo clothes in stores for reuse and deliver them to people in need worldwide in the form of emergency clothing aid for refugee camps and disaster areas together with the United Nations Refugee Agency, NGOs and NPO,” Uniqlo said on its Re.Uniqulo website.

    “And recently, we have been actively recycling clothes into clothes, starting with our own products.”

    The business’s first recycled product, a down jacket, will be on sale later this month.

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