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Tag: Fashion

  • Amore Pacific launches Etude House

    Amore Pacific launches Etude House

    Amorepacific Group, the largest global beauty company headquartered in Korea, has launched Etude House in India.

    Etude House has become the third Amorepacific brand introduced to India after Innisfree and Laneige. The brand made its debut on the Indian market on April 30th exclusively through beauty retailer Nykaa.

    Amorepacific plans to expand e-commerce channels to increase reach with millennial customers in the territory, communicating with Indian consumers through Instagram.

    “The Indian beauty market is growing by nearly 10 per cent every year, and this fast growth is driven by millennial customers with increasing disposable incomes and growing interests in global beauty,” said Amorepacific’s group strategy unit head Lee Chang-kyoo. “We see tremendous potential in India to support our goal of strengthening the experience of Asian beauty in the region.”

    “With the launch of Etude House in India, we seek to offer the best beauty experience to our Indian customers – with products that are backed by over 70 years of studies in natural ingredients and world-class innovative technology. This year, we plan to boost our brand operations through online channels.”

    Nykaa chief business officer Nihir Parikh added: “Over the last two years, Nykaa brought Korean beauty to India, introducing customers to their unique innovations and ingredients. The category has been a great success with our customers, who are keen to experience such global trends.”

  • Hong Kong designers showcased at Arab Fashion Week

    Hong Kong designers showcased at Arab Fashion Week

    Fashion Farm Foundation present international program at Dubai. Fashion Farm Foundation has showcased Hong Kong designers in international fashion program HKFG Dubai AW19 during Arab Fashion Week.

    Two Hong Kong local brands, Car|2ie and YLYstudio, presented their latest collections to showcase their works to the fashion media, buyer, insider and fashionistas. A cocktail reception was also arranged to feature eight Hong Kong local brands, introducing their designs to the invited guests.

    While the theme of the Car|2ie AW19 collection “The Proud Rose” is inspired by the Hong Kong movie “Lost Romance” and the main character Rose’s curiosity about love, the YLYstudio collection “Project” attempts a timeless and classic design without the frame of time.

    Famous Arab actor Ali Alketbi, Italian influencer Marco Parrino and singer Ghazal Sadat showed up at the event to show support for Hong Kong’s fashion design.

  • Esprit’s restructuring shows first Results

    Esprit’s restructuring shows first Results

    Esprit’s restructure is beginning to pay off, the company says, despite another quarterly same-store-sales decline.

    For the three months to March 31, Esprit sales were HK$3.156 billion (US$402.3 million), down 11.6 per cent in local currency on the same period a year earlier. However, the company said that marks an improvement on the 12.4 per cent reduction in retail space occupied by the fashion brand.

    “This is the first-time since the first quarter of 2017-18 where the group recorded a quarterly revenue decline that is less than the corresponding space reduction,” the company said in a stock-exchange filing.

    “It is worth noting that while the quarter recorded a revenue decline, the rate of decline has continued to narrow quarter-on-quarter, reflecting a positive trend of improvement.”

    During the first quarter to September 30, sales declined 16.2 per cent, in the next quarter by 12.5 per cent and now to 11.6 per cent.

    The “improvement” was mainly driven by Germany which accounted for the largest share of the group’s sales. For Asia Pacific, the higher rate of revenue decline in the second quarter and third quarter was mainly due to the group exiting Australia and New Zealand, where all stores were closed by the end of last September as part of Esprit’s restructure.

    The company said it remains focused on the execution of its Strategy Plan to restore Esprit to sustainable growth and profitability.

    “Management is encouraged by the quarter-on-quarter improvements seen in different aspects of the business … and the progress of the strategic initiatives are progressing well and on track.

    The group is encouraged by the initial progress achieved during the early stages of the Strategy Plan, and this gives us confidence that we are on the right track. However, it is important to appreciate that the strategic closure of loss-making stores will exert pressure on our top-line in the short term, and as other initiatives are still work-in-progress at this stage, it will require time to make the corresponding improvements in brand and product visible to our customers for attracting them back into Esprit stores.”

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  • China Helps Hermes to Recover

    China Helps Hermes to Recover

    Hermes sales soared 13 per cent last quarter after an especially strong performance across Asia.

    The French high-fashion luxury-goods manufacturer achieved consolidated revenue for the first quarter of €1.610 billion (US$1.796 billion). While all regions recorded sustained growth during the period, Chinese sales drove double-digit growth throughout Asia excluding Japan.

    According to the firm, the group benefited from store extensions completed last year, in particular on the Shanghai IFC as well as Singapore Marina Bay Sands and its new store in Phuket Floresta, Thailand, which opened last month.

    “Driven by the success of its collections among all its customers,” said the group’s executive chairman Axel Dumas, “Hermes achieved an acceleration of its sales over the first quarter, which shows the continuation of a dynamic trend, particularly in China.”

    Hermes launched a new digital platform in China last October that is being rolled out across Asia.

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  • Stefano Ricci opens Doors at The Shoppes

    Stefano Ricci opens Doors at The Shoppes

    Italian menswear Stefano Ricci has opened a boutique at The Shoppes at Marina Bay Sands. The 150sqm store presents the brand’s menswear range, SR Home collection, and leather goods such as belts, bags, wallets and shoes.

    The maison’s made-to-measure service is available upon appointment.

    “We are proud to unveil our new boutique location in Singapore, still within the distinguished Shoppes at Marina Bay Sands,” said Niccolo Ricci, Stefano Ricci CEO.

    “This is an expression of our brand’s presence on an international level, and from here the highest forms of Italian craftsmanship are available to our esteemed and refined clients in the city.”

    Founded in 1972, Stefano Ricci now has more than 65 mono-brand boutiques worldwide, selling menswear-suits, dress shirts, jeans, casual wear, and leather goods.

    The brand’s offer has expanded with the SR Home collection, featuring porcelain and crystal dinner services, silverware, furnishing accessories, linens and leather home accessories.

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  • Forever 21 China Closes Down Online Stores

    Forever 21 China Closes Down Online Stores

    Fashion retailer Forever 21 will close its Chinese e-commerce website amist indications of possible physical store closures to come.

    While an April 25 notice on the brand’s home page confirms the e-commerce shutdown, the retailer has declined to issue any official comments, despite the confirmed shuttering of one physical outlet and major discount sales reportedly underway in other stores. It has been operating in the territory since 2011.

    Tmall and JD have released statements indicating that the fashion retailer will cease trading on their platforms from today onward.

    The brand’s last remaining store in Taiwan closed last month, while stores in other markets have reportedly been closing down as well, including France. Forever 21’s multi-storey flagship in Hong Kong closed in 2016, with the space being taken over by Victoria’s Secret. It opened a smaller store on Mong Kok in its place.

    A report in Retail Dive suggested that the possible withdrawal accords with a slowing retail environment within China for international goods, pointing to the withdrawal of Amazon from the territory after investing in the market for 15 years.

    “Overall this is a big and tough market to compete for non-Chinese brands, given strong domestic competition and unique consumer demands,” said China practice lead at global public policy consultancy Access Partnership Xiaomeng Lu. “Domestic e-commerce giants such as Alibaba, JD.com, and Pinduoduo compete fiercely against each other as well as edge out smaller brands.

    “Chinese customers are used to shopping on apps, expect low-cost same-day shipping, and tend to have little brand loyalty.”

    The report also quotes Euromonitor International analyst Arianna Zhai as commenting “Alibaba and JD alone have taken about 70 per cent market share. The strong presence and different strategic positions of both e-commerce retailers leave limited room for others.”

    “The reasons for the shutdown of operations are unclear, but it is likely that Forever 21 has struggled to cut through in what is an increasingly competitive market,” said GlobalData Retail MD Neil Saunders. “Although the Chinese retail market is still growing strongly and offers enormous potential, the proliferation of Western and indigenous brands means it can be hard to stand out from the crowd. There are also concerns that activity is slowing down, although growth remains well above that available in Western markets.”

  • Shandong Ruyi seeks $500m

    Shandong Ruyi seeks $500m

    Chinese textile and retail investment company Shandong Ruyi will list an IPO for its recently acquired The Lycra Co in the hopes of raising around US$500 million.

    The group is currently exploring a listing in the US as it works with Goldman Sachs, according to those familiar with the prospective deal.

    Progress has been slow for Shandong Ruyi since regulatory delays held up its $2 billion purchase of Lycra for more than a year, which it finally completed in January. Plans for the IPO are now at early stages and are subject to significant changes before listing, which is scheduled for sometime within the next three years.

    Shandong Ruyi has previously been reported as having ambitions to become “the LVMH of China” and has acquired numerous overseas fashion brands. It is now focusing on consolidating its holdings rather than pursuing new deals.

    Shandong Ruyi Investment Holding is the largest textile and apparel company in China, and ranks among the Top 100 Chinese multinational enterprises. It is headquartered in Jining, Shandong and operates 13 domestic industrial parks.

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  • Ellery Australia to Shut Down Sydney’s production and stores

    Ellery Australia to Shut Down Sydney’s production and stores

    Australian designer Kym Ellery has closed the local arm of her highly successful fashion brand, Ellery, citing the high cost of manufacturing Down Under.

    The company on Tuesday announced it closed its two Sydney stores on April 16 and will be closing its Sydney-based production facility, Elleryland this week. Twenty-two staff were made redundant on April 18.

    The luxury womenswear brand has been manufacturing in Australia since it was founded by Kym Ellery in 2007, but a combination of poor strategic decisions and cost have made local operations commercially unsustainable.

    “We have been left with no choice but to close Elleryland, our production facility and Australian operations company,” the founder and creative director said in a statement.

    “I have always championed Australian manufacturing, and this decision was incredibly difficult to make. I am deeply grateful for the dedication and support of everyone involved.”

    The local company appointed liquidators on April 18, according to a document lodged with the Australian Securities and Investments Commission. Ellery Group’s other companies, including the trademark and Paris-based design company, will continue.

    Ellery said it is in the final negotiations of appointing a new global distributor for the brand, which will also consolidate production in Europe, provided longer term stability.

    “One of our great success stories”

    Eva Galambos, director of Parlour X, a luxury fashion boutique in Sydney that stocks Ellery, said the decision makes sense, given the size of the brand’s international business, compared to its domestic business.

    “It makes sense that she focuses on her international operations as most of her major accounts exist in the northern hemisphere,” Galambos told.

    She added that Parlour X will continue to stock Ellery, which she said sits well with the boutique’s other international collections, including Loewe, Balenciaga, Celine and Chloe, and that the brand will still have strong representation in the Australian market.

    “Kym is one of our great, proud international success stories and we need to focus on celebrating her achievements,” Galambos said.

    Ellery gained international recognition after taking the collection to Paris in 2012, and is now stocked in prestigious department stores and specialty boutiques, including Selfridges, Lane Crawford, Net-a-Porter, MyTheresa, Matches, Galeries Lafayett and Harrolds.

    The brand, which is known for its voluminous shapes, masculine tailoring and innovative fabrications, has been worn by celebrities including Beyoncé, Nicole Kidman, Elle Fanning, Susan Sarandon, Rihanna and Emma Watson.

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  • Pomelo launches first Beauty Line

    Pomelo launches first Beauty Line

    O2O fashion brand Pomelo has launched its first cosmetics line, Beet, solidifying its identity as a one-stop lifestyle brand.

    Created with women on-the-go in mind, Beet comprises 17 products across four categories – Liquid Blush, Liquid Lipstick, Lip Gloss and Liquid Shimmer.

    All products are priced at S$10 per item and feature paraben-free and cruelty-free formulations.

    “For consumers today, beauty is integral to style,” said David Jou, Pomelo CEO, signalling the company is taking “a step in the right direction”.

    “As a fashion brand that wants to offer women everywhere their best look to become their best selves, we cannot ignore that.”

    With Beet, Pomelo provides another touchpoint for a seamless customer experience that prioritises modern consumers’ demand for convenience.

    Last month, Pomelo launched its second sustainable collection, Purpose.

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  • Train like Elite Athletes at Under Armour’s Rush & Recovery Experience

    Train like Elite Athletes at Under Armour’s Rush & Recovery Experience

    From the brand that first revolutionized the athletic wear market in 1996 by introducing sweat-wicking fabric, Under Armour is once again changing the performance apparel game. In partnership with Celliant, Under Armour has created UA Rush and Recovery, its newest performance apparel line designed to be worn at the time of sweat as well as post-training, and scientifically designed to enhance performance.

    In conjunction with the launch, Under Armour will be hosting the Rush & Recovery Experience, a series of interactive exhibits that bring to life the inner workings of RUSH technology. The event opens today and will run till 2 May 2019 at Orchard Central, before touring around Singapore.

    Distinct experiential zones will showcase how the technology not only generates performance improvements for the wearer, but also powers their recovery. See energy waves emitted by your body with the Under Armour Hex and observe your body’s natural heat radiation at the infrared RUSH booth.

    At the last zone, get a taste of the upcoming Test of Will, Under Armour’s annual advanced urban fitness challenge. Users will get a preview of this year’s unique challenges and put their grit, strength and determination to the test.

    Under Armour’s UA RUSH brand ambassadors Stephen Curry (left), Kelley O’Hara (middle) and Anthony Joshua (right)

    Find out how Rush elevates the training regiments of Under Armour ambassadors Stephen Curry, three-time NBA champion and two-time MVP; Kelley O’Hara, world cup champion soccer player; and Anthony Joshua, heavyweight champion of the world.

    The scientifically engineered fabric promotes improved performance and energy return. In simplified terms, it is intended to provide the same benefits to the body as an infrared sauna.

    Minerals found naturally in the earth are extracted and broken down into active particles, which are then melded together to form a proprietary blend. The blend is then infused into the fibers that are ultimately knit into UA’s high-performance fabrics that make up the gear in the collection.

    During performance, the body emits heat. The responsive fabric of the UA Rush & Recovery line absorbs that heat and converts it into infrared energy that is re-emitted back into the body. This recycled energy increases temporary localized circulation, promoting improved performance, energy and recovery. When worn, the apparel stimulates increased endurance and strength.

    Post-training, the soft bioceramic fabric of the Recovery line returns infrared energy to the body, improving blood flow and circulation for all-around recovery and faster rebuilding of muscle.

    ‘The introduction of UA RUSH is our commitment to giving athletes 360-degrees of training support both in the gym and beyond. With the launch of UA RUSH, we now complete the training cycle – there is now UA gear designed to optimize human performance at every training occasion,’ says Dan Leraris, General Manager of Men’s Training at Under Armour.

    Under Armour athletes from around the globe have been training in UA Rush for their biggest moments. Locally, Singapore Athletic Association athletes such as National Swimmer Amanda Lim, National Marathoner Jasmine Goh, Master Coach at Ritual Gym Shrek Ismail, and SuperheroRunners founder Nelson Wong have been given early exclusive access to train in Rush.

    The Under Armour Rush & Recovery Experience is located at Orchard Central Discovery Walk, and the public is welcome to visit from 23 April to 2 May 2019, between 12pm and 8pm daily. Admission is free.

    The UA Rush and Recovery collection includes men’s and women’s fitted tees, long-sleeved shirts, leggings and tights and more. All pieces will range from $69-$199 SGD and is now available for purchase at underarmour.com.sg, and at Under Armour retail stores in Orchard Central, Bugis Junction and Vivocity as well as authorized Under Armour dealers.

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  • The North Face shuts down stores

    The North Face shuts down stores

    Outdoor retailer The North Face closed its global headquarters and more than 100 stores in the US and Canada on Monday, April 22, as part of its effort to make Earth Day a global holiday.

    The store closures are the culmination of The North Face’s Explore Mode campaign, which saw the brand partner with musicians, artists and culinary influencers on pop-up events throughout the US.

    The move follows a campaign launched four years ago by fellow US outdoor retailer REI to shut its stores and website on Black Friday and instead encourage customers to #optoutside.

    Before closing its bricks-and-mortar stores in North America, The North Face switched them to Explore Mode, so customers could find resources to spend Earth “off the grid”, including an exploration kit filled with “analog gear to stay present and capture memories without the need for digital devices”.

    “We believe that when people take time to appreciate the Earth, they feel more connected to it and are more likely to protect it,” Tim Bantle, global general manager of lifestyle at The North Face, said.

    “Explore Mode urges us to unplug from our digital lives to connect in real life to the world, each other, and ourselves in the effort to move the world forward.”

    Petition to make Earth Day global holiday

    The North Face was one of 16 organisations, including global brands like Clif and S’Well, that launched a petition with Change.org earlier this month to make Earth Day a national holiday everywhere.

    At the time of this writing, more than 128,600 people had signed the petition, which has a goal to reach 150,000.

    Other retailers, such as Tapestry Inc, also took the opportunity of Earth Day to announce sustainability initiatives.

    As part of its new corporate responsibility goals, the parent company of Coach, Kate Spade and Stuart Weitzman plans to reduce its greenhouse gas emissions by 20 per cent, water usage by 10 per cent and waste in its North American corporate arm by 25 per cent and recycle 75 per cent of its packaging by 2025.

    The company also aims to source 90 per cent of the leather it uses from eco-friendly tanneries and achieve 95 per cent traceability of its raw materials to ensure a transparent supply chain.

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  • Acne Studios re-opens Tokyo Store

    Acne Studios re-opens Tokyo Store

    Fashion brand Acne Studios has reopened its Shibuya concept store in Tokyo to coincide with the launch of a new collection.

    The company, part-owned by Hong Kong fashion retail operator I.T Group, has released a new range of leather accessories at the Shibuya store in Tokyo, which since 2017 has been used to showcase new collections.

    The 68sqm “project store” was redesigned by Kasthall. Centrestage is a capsule collection which includes new versions of the brand’s two most popular bags, Musubi and Baker, as well as small leather goods, card holders, keychains and wallets.

    The collection will be on sale at the store for the next year.

    The majority shareholding of Acne Studios recently changed, with Oresund, Creades and Pan Capital funds stakes acquired by IDG Capital and I.T Group, reflecting a deliberate strategy to shift focus towards Asia.

    Hong Kong, South Korea and Japan each host a series of Acne Studio stores and there are shops in Beijing, China, with another scheduled to open in Chengdu this month.

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  • Tiger Street Lab expands brand from beer to fashion and more

    Tiger Street Lab expands brand from beer to fashion and more

    Tiger creates experiential space. Tiger Beer has unveiled Tiger Street Lab at Singapore’s Jewel Changi – billed as the brand’s first global experiential concept store.

    Tiger Street Lab expands the brand beyond beverages into food, fashion and design, in an ‘open-air’ space overlooking the world’s tallest indoor waterfall at the heart of the new shopping centre.

    “As a brand born and brewed in Singapore, we are excited to debut the Tiger Street Lab concept at Jewel, which we believe is set to become the next Singapore icon,” said Faye Wee, marketing director at Asia Pacific Breweries Singapore.

    “Jewel will be a place where Singapore meets the world and the world will meet Singapore, and we are proud to be one of the local brands that will fly Singapore’s flag high. With Tiger Street Lab, we have created an experience that represents Singapore that locals can be proud of on an international stage, leaving it up to Singapore talents to decide what that should look like,” she said.

    The Tiger Street Lab menu was created in collaboration with local music and F&B group, Timbre and Zi Char mainstay, Keng Eng Kee (KEK) Seafood.

    In addition to the beer and food, visitors can get creative at Tiger Street Lab.

    Featuring interactive touchscreens powered by digital print innovation, customers can select a series of unconventional designs exclusive to Tiger Street Lab to personalise their own beer bottle labels. The customisation station is equipped with on-the-spot printing, enabling visitors to make their picks an instant reality.

    The overall experience will be complemented by contemporary local designs featuring the iconic tiger motif. Recruited via Tiger Beer’s Roar Collective platform, emerging local artists Cyntherea Tan, Esther Goh, Chris Chai, and creative studio Tell Your Children, created artwork to provide an inspirational ambience at the Tiger Street Lab.

    Tiger Street Lab is open daily from 9am to 3am.

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  • New Luk Fook store opens in Vancouver

    New Luk Fook store opens in Vancouver

    Luk Fook Canada has opened a new shop in CF Richmond Centre in Metro Vancouver.

    The new store is the first Oriental jewellery shop in the mall.

    “Adhering to the corporate vision of ‘Brand of Hong Kong, Sparkling the World’, the group has been actively expanding our retail network into the overseas market for new business opportunities as well as provision of superior products and after-sales services to our Chinese customers around the world,” said chairman and CEO of the group Wong Wai Sheung.

    At present, the group has more than 1820 shops in 10 countries and regions, where its footprint covers Hong Kong, Macau, Mainland China, Singapore, Malaysia, Cambodia, the Philippines, the US, Canada and Australia.

    “We open a new shop at CF Richmond Center, Canada with the objective of expanding our customer base while bringing premier shopping experience to our Chinese customers around the globe,” added Wong. “Looking ahead, we will continue to stay enthusiastic to shape us to be the preferred jewellery brand for customers anywhere.”

    The group set its foothold in North America in 2003. Luk Fook Canada opened retail shops in Toronto and Vancouver, which each have a significant Chinese population. The city of Richmond has the largest Chinese population in Canada, and the CF Richmond Centre is considered a shopping hotspot for local and touring Chinese.

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  • L’Oreal Asia Sales for the First Time outpaces Europe

    L’Oreal Asia Sales for the First Time outpaces Europe

    L’Oreal Asia now sells more products than the company’s home European division. Sales in Asia outpaced those in western Europe for the first time in the last quarter, with China leading the growth, despite a slowing economy.

    Just a decade ago, L’Oreal Asia sales were less than one third of its European sales.

    Globally, first-quarter L’Oreal sales rose 7.7 per cent for the quarter to US$8.53 billion, excluding currency fluctuations. That news drove the company’s share price even higher, taking growth to 21 per cent so far this year. It is now France’s second-largest company by market value.

    L’Oreal, which owns Garnier, Maybelline, Acqua di Gio Armani, and Laroche Posay, has become increasingly reliant on fast-growing Asian economies to maintain growth rates impossible in its mature home and North American markets. But analysts like James Edwards Jones are unconcerned by such reliance.

    “It is true that the growth is not broad-based. But given L’Oreal’s proven ability to identify, stimulate and capitalise on those parts of the business where the most attractive growth is to be had, we struggle to find fault with this,” the company said in a client note.

    L’Oreal CEO Jean-Paul Agon says young Chinese consumers are increasingly drawn to luxury brands, a positive trend for the cosmetics manufacturer.

    European sales were rebounding but “nothing would compete with what we see in Asia,” he said in an analyst briefing.

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