Tag: luxury

  • Taiwan’s extravagant buffet restaurant “Harbour” now open at Iconsiam

    Taiwan’s extravagant buffet restaurant “Harbour” now open at Iconsiam

    Taiwan’s extravagant Harbour buffet restaurant has opened its first Thai restaurant at IconSiam. Charoen Pokphand Foods PLC (CPF) and Taiwan’s HiLai Group have jointly brought the famous international buffet restaurant to Thailand. The franchise has routinely seen diners in China and Taiwan waiting a month for a table. The 2000sqm IconSiam outlet is its 10th restaurant worldwide, pending Harbour’s unveiling in major global cities as part of CPF’s strategy to become “Kitchen of the World”.

    “Harbour has enjoyed overwhelming success in Taiwan and China”, said CPF’s COO-food business and co-president Sukhawat Dansermsuk. “We believe that we will be warmly welcomed by Thai consumers thanks to the restaurant’s strengths coupled with Thais’ eating-out lifestyle. And that’ll be the beginning of CPF’s success in the restaurant business.”

     

    According to Sukhawat, the restaurant was established as a joint venture with HiLai Group with THB130 million (US$4.16 million) in registered capital.

    CP HiLai Harbour CEO Liu Tzu-Ming said the venue is targeting THB240 million ($7.68 million) in first-year revenue and plans to introduce new restaurants at major Thai cities.

    The international buffet restaurant can accommodate 450 diners per round, or about 1000 diners per day.

    View the gallery below for more picture of the restaurant :

  • Rolls-Royce agrees to follow Korea’s lemon law

    Rolls-Royce agrees to follow Korea’s lemon law

    Rolls-Royce announced Wednesday it will follow Korea’s voluntary lemon law for automakers, making it the first foreign luxury brand to accept the newly introduced regulation. Korea’s revised automobile management law, enacted last month, forces complying automakers to replace or refund recently purchased vehicles that repeatedly exhibit problems, similar to lemon laws in the United States.

    While most local automakers have adopted the rule, Volvo has been the only overseas brand to do so.

    The U.K.-based automaker said it will abide by the country’s revised auto guidelines to strengthen its quality commitment to Korean customers.

    “Rolls-Royce will be the first luxury brand to accept the amended automobile management act,” said Rolls-Royce Motor Cars CEO Torsten Muller-Otvos at a launch event on Wednesday for the automaker’s showroom in Cheongdam-dong, southern Seoul.

    “It is our responsibility … to reassure our Korean customers that we will stand by our promise of ultimate quality,” added Muller-Otvos.

    Foreign automakers’ reputations took a blow in Korea last year. BMW Korea conducted two series of recalls after its vehicles began bursting into flames due to component defects.

    The Korean unit of Mercedes-Benz was fined 2.8 billion won ($2.5 million) in December for violating environmental and customs law regarding emissions certifications.

    BMW was fined for similar reasons at the start of this year.

    The quality push from Rolls-Royce comes as the luxury automaker achieved record sales figures last year in the Korean market as foreign imported vehicles continue to grow in popularity.

    According to the Korea Automobile Importers & Distributors Association, Rolls-Royce sales in the domestic market grew 43 percent to 123 units last year from 86 in 2017. Foreign auto imports increased by 11.8 percent.

    The luxury automaker’s performance in the Korean market last year outpaced its 22 percent growth in global sales.

    According to Rolls-Royce, the brand’s sales grew at a rapid pace in Korea last year thanks to an expanded lineup, including the Phantom.

    The CEO said he expects the company’s performance in the country to continue to improve.

    “Korea is a very important cornerstone in our Asia strategy,” said Muller-Otvos. “We might even see at a certain moment Korea overtaking the Japanese business in terms of size.”

    The luxury automaker’s chief also emphasized the automaker’s commitment to the luxury sector as the auto industry braces for major changes.

  • VinFast to test its first car for safety in Europe next month

    VinFast to test its first car for safety in Europe next month

    VinFast, Vietnam’s first indigenous car manufacturer, plans to test its first vehicle for safety parameters in Europe on March 6. According to company executives, the vehicle will be tested for international standards to ensure its highest safety. This announcement came after VinFast’s Hai Phong factory successfully manufactured the first body shell of the Lux A2.0, a sedan, Wednesday.

    Shaun William Calvert, deputy general director in charge of production, said the first body shell meets the highest quality requirements.

    VinFast, the car manufacturing unit of Vietnam’s largest private conglomerate Vingroup, showed off its first two car models, a sedan and an SUV, at the Paris Motor Show in France last October just a year after the company’s incorporation, grabbing the attention of the local and international media.

    VinFast’s first cars are expected to hit the road in August 2019.

  • Armani’s pop-up opens in Thailand

    Armani’s pop-up opens in Thailand

    Giorgio Armani beauty announces the opening of its itinerant pop-up store ARMANI BOX in Bangkok Suvarnabhumi Airport in Thailand. The opening of ARMANI BOX BANGKOK was celebrated on February 11th with a ribbon-cutting ceremony and an exclusive event in the presence of influencers from Thailand and China. During the event, the design of ARMANI BOX BANGKOK was revealed: with its hot red walls and black lighting fixtures, it is full of surprises. A giant gorilla, Uri, welcomes visitors as they enter the store: created by Italian artist Marcantonio Raimondi Malerba, the full-sized golden gorilla is a replica of the black one that resides in Giorgio Armani’s home in Milan. “This resin gorilla is a gift that came from a movie set. He’s called Uri”.

    It is hard to think about Giorgio Armani without bringing cinematic images to mind. The new ARMANI BOX experience allows the visitor to become a movie star with a series of details to explore: from the Walk of Fame digital handprint, to the backstage makeup stations, as well as a red carpet indicating the way. Visitors can also film their very own screen test, entering a director’s booth and playing with their emotions; portrait photos and videos will be available to keep, share and post online.

    The ARMANI BOX is a sensorial and playful immersion in Giorgio Armani beauty’s universe. Visitors can discover product exclusives included a limited edition version of its new lip product Rouge d’Armani Matte #400, and personalize their products with engraving.

  • Life after Karl Lagerfeld

    Life after Karl Lagerfeld

    Chanel has named Virginie Viard, Karl Lagerfeld’s closest collaborator for more than 30 years, as its new creative director, the French fashion house said in a statement following the death of the legendary designer. The move muffled speculation over whether Chanel might seek out another big name to replace Lagerfeld, who was 85 years old. Potential successors often cited by industry observers over the years included Hedi Slimane, now ensconced at Celine, as well as Phoebe Philo, the designer he replaced there, and Alber Elbaz, formerly of Lanvin.

    Those designers would likely have sought to bring their own vision to one of the world’s biggest luxury brands, with $9.6 billion in sales in 2017. Instead, Chanel’s owners, the billionaire Wertheimer family, emphasised continuity in appointing Viard, who the brand said in a statement had been “entrusted by chief executive Alain Wertheimer with the creative work for the collections, so that the legacy of Gabrielle Chanel and Karl Lagerfeld can live on.” The decision is in character for the Wertheimers, who waited 12 years after Gabrielle Chanel died in 1971 before appointing Lagerfeld in 1983.

    Viard, who has been called “Karl’s secret weapon,” joined Chanel as an intern in haute-couture embroidery in 1987, four years after Lagerfeld became creative director of the brand. (She was recommended for the job by a chamberlain of Prince Rainier of Monaco.) After working together at Chanel, Viard joined Lagerfeld at Chloé in 1992 — where he was also the head designer — and worked there for five years before returning to Chanel and working her way up to become director of the company’s fashion design studio.

    “Virginie is the most important person, not only for me but also for the atelier, for everything,” Lagerfeld said in a Netflix documentary released in 2018. “She is my right arm and even if I don’t see her, we are on the phone all the time.”

    Still, Viard remained largely in the shadow of her larger-than-life boss. “I hate being in the spotlight,” she said last year.

    In recent seasons, she began taking a bow with Lagerfeld at the end of each Chanel show, including the Chanel Métiers d’Art show in New York in December 2018, which marked the designer’s final runway appearance. At the end of Chanel’s haute couture show in January 2019, Viard stepped out solo to take a bow, raising concerns about Lagerfeld’s health and prompting the brand to issue a press release.

    Other fashion houses have tapped studio heads who have demonstrated their ability to channel a departed designer’s vision after their deaths, most notably Sarah Burton, the late Alexander McQueen’s right-hand, who was named creative director of the London-based fashion house after McQueen’s suicide in 2010.

    LVMH-owned Italian house Fendi, where Lagerfeld was the artistic director of women’s ready-to-wear and couture collections, has yet to announce a succession plan, saying it intends to take its time to pay the designer the homage he deserves. Fendi is to present Lagerfeld’s last collection on Thursday in Milan.

  • L’Oréal, KÉRASTASE open their flagship store in Hong Kong

    L’Oréal, KÉRASTASE open their flagship store in Hong Kong

    Hong Kong’s stylish hotspot Fashion Walk proudly announces the arrival of SkinCeuticals and KÉRASTASE – two of L’Oréal Hong Kong’s leading beauty brands, introducing a unique all-in-one beauty ritual that tends to your retail, cosmetic and haircare needs. With SkinCeuticals’ global first one-stop skincare flagship store and KÉRASTASE’s haircare concept store, Fashion Walk launches the beauty hub – a cosmetics mecca that is set to transform fashionistas’ beauty experience.

    Ms. Bella Chhoa, Director of Leasing & Management of Hang Lung Properties, describes the addition of SkinCeuticals and KÉRASTASE as the birth of a “Beauty Revolution”.

    “It is a real pleasure to have SkinCeuticals and KÉRASTASE – the two top beauty brands of L’Oréal Hong Kong – join us in Fashion Walk. Causeway Bay is a magnet for trendsetters, yet we all know how scarce retail spaces are right here. At its prime location in the area, Fashion Walk is obviously the hub of international fashion labels. Last year, we extended our partnerships with a number of cosmetics brands. This year, we’ll keep up with the strategic effort. Our brand new beauty hub promises to bring an unprecedented beauty experience to all stylish minds in town.”

    Ms. Eva Yu, President & Managing Director of L’Oréal Hong Kong, also envisions a new chapter in the cosmetics industry prompted by SkinCeuticals’ one-stop skincare flagship store and KÉRASTASE’s haircare concept store at beauty hub.

    “L’Oréal Hong Kong endlessly looks for retail spaces of development potential. The two stores in Fashion Walk feature an exclusive studio for customers to try out every stroke, swipe and dab, which guarantees a one-of-a-kind experience. We’ll put down a remodeling budget of almost ten million dollars to ensure that our customers will revel in the brand new stores.”

    Located in the heart of Causeway Bay, Fashion Walk boasts an occupancy rate of over 95%, housing the flagship stores and concept stores of an impressive array of international chic labels, including the two beauty trailblazers.

    Founded in the USA, SkinCeuticals is guided by its unparalleled Integrated Skincare philosophy that aims to promote and improve skin health. Its first-ever flagship store in Fashion Walk also pledges to provide customers with a range of skin health restoration plans that combine the most trusted dermatological innovations and cosmetological aids.

    French hair and scalp care expert KÉRASTASE has earned its recognition in the field thanks to its commitment to hair care since its founding in 1964. Its concept store in Fashion Walk not only offers a wide selection of cutting-edge products, but also an original mode of retail with hair treatment services in a soothing environment. The professional guidance of KÉRASTASE haircare consultants and bespoke treatments will surely satisfy customers’ desire for exceptional hair.

  • Karl Lagerfeld dies at 85

    Karl Lagerfeld dies at 85

    Karl Lagerfeld, arguably the world’s most iconic designer and undoubtedly the most prolific, has died in Paris. He was 85. In a seven-decade career as fashion’s ultimate free agent, Lagerfeld created collections simultaneously for the celebrated houses of Chanel and Fendi, in addition to his signature label, at a pace without rival in the luxury industry.

    Virginie Viard, director of Chanel’s design studio and Lagerfeld’s closest collaborator for more than 30 years, will take the creative reins at the storied brand’s fashion business. A succession plan has yet to be announced at Fendi.

    For Lagerfeld, to design was to breathe, “so if I can’t breathe, I’m in trouble,” he often quipped to journalists who were astonished by his inexhaustible work ethic and his insistence that he would never retire.

    In fact, his creative output seemed only to become more bountiful in his golden years, a period during which his extravagant runway productions at the Grand Palais in Paris achieved a staggering level of theatrical opulence. At a cost of millions of dollars per season, the events surpassed the mundane boundaries of a fashion show to become something more like large-scale performance art — media spectacles where Lagerfeld, as both gifted designer and visual provocateur, could best demonstrate his ability to interweave the superficialities of fashion with matters of great depth, while also parading seemingly endless ways to keep Chanel’s classic tweeds looking modern and fresh.

    His Autumn/Winter 2017 collection featured a 115-foot-tall mechanical rocket ship that simulated blast off. For Fall 2014, he built a Chanel shopping centre, its superstore-like aisles bursting with more than 500 different products that included a Chanel-logo chainsaw, doormats, candy, and ketchup. For Fall 2010, he imported enough snow and ice from Sweden to create a 265-ton indoor iceberg. Backdrops of a man-made beach with rippling waves (Spring 2019), a scale rendering of the Eiffel Tower (Fall 2017 Couture), a French brasserie with uniformed bartenders (Fall 2015) and an enormous model of a passenger ship (Cruise 2019) suggested no idea was too fantastical, nor expense too decadent.

    His incredible longevity and success as a designer, and, following his logic, the fortunes of the companies for which he worked, owed at least partly to Lagerfeld’s intentional detachment from the business side of fashion. He claimed never to discuss sales figures or budgets with management. “I am a hired gun, even in my own business,” he said in a BBC interview, noting that his contracts with Chanel and Fendi allowed him to do whatever he wanted on the side. “I work my own marionette in a way, my own puppet,” he told The New York Times. “It’s something I control.” That extraordinarily rare freedom from the restraints of financial responsibility enabled him to continually make clothes that inspired consumers to dream.

    “We created a product nobody needs, but people want,” he said. “If you need an ugly old car, it can wait, but if you want a new fashion item, it cannot wait.”

    As designers half his age complained of burnout from fashion’s maddening pace, Lagerfeld made himself even busier by dabbling in a constant stream of publishing, photography, film and design projects, including a rule-breaking “fast fashion” collaboration with the mass retailer H&M in 2004 that predated the industry obsession with disruption by more than a decade. Ignoring the traditional expectations of a luxury player, he also designed hotel rooms, video games, motorcycle helmets, a BMW, and a cosmetics range inspired by his also-famous cat, Choupette, and directed an ad campaign for Magnum ice cream bars that featured a life size sculpture of model Baptiste Giabiconi rendered in chocolate. More than most of his sober-minded peers at fashion’s pinnacle, he relished his iconic status both within the industry and in popular culture. Despite all this extra-curricular output, though, he was driven by one thing in fashion, he said, which was to make his designs better than they were the season before.

    As most profiles of Lagerfeld have noted, another thing that drove him was a desire to know everything. He filled his numerous homes, in Paris, Biarritz, and Saint-Tropez among others, with stacks of history books and biographies, iPods loaded with various types of music, and museum-worthy collections of artwork and furniture that he would, unceremoniously, dispose of every few years, once a new period or style captured his attention. With his vast memory and a rapid-fire way of working and speaking, he could summon details and themes on command, exploit them ruthlessly in a collection, and then immediately move on to the next thing. He once said he had a “Google mind.”

    “Whatever it is, good or bad, it influences fashion,” Lagerfeld said. “You can see that in fashion quicker than in any other thing going on. Fashion is something that reflects our lives and times with the shortest release, because, cars, design and architecture take years to realise.”

    Lagerfeld was, in many ways, a self-drawn caricature of what a powerful designer should look and sound like, a stylistic god who was worldly and intellectual, commanding and capricious. His bitchy quips (“sweatpants are a sign of defeat,” “trendy is the last stage before tacky,” “I think tattoos are horrible — it’s like living in a Pucci dress full-time,” and many, many nasty digs at celebrities he considered fat or unattractive) became as much a part of the Lagerfeld mystique as were his signature white powdered ponytail and dark sunglasses, or his habit of drinking only Coca-Cola (later, Diet Coke or Coke Zero). But his penchant for flamboyance, combined with occasionally reckless comments in recent years, also resulted in backlash for Chanel. His critiques of Angela Merkel drew particular outrage, as when he evoked the Holocaust on a French talk show in 2017 while protesting Germany’s open-door policy toward Muslim refugees fleeing the Syrian civil war. In any event, there had never been any serious repercussions for the designer nor attempts to unseat him, likely as a result of his outsize stature in the industry and his long history of accomplishments.

    He was best known for his work, since 1983, as artistic director at Chanel, which became one of the most profitable and admired luxury brands in the world under his tenure. While the company remains privately held by brothers Alain and Gérard Wertheimer, Chanel took the unusual step of releasing its annual results for the first time last year, stating its sales of $9.6 billion were larger than those of Gucci and approaching those of Louis Vuitton. Chanel’s sales for 2017 were up 11 percent, driving operating profit of $2.69 billion. Chanel said it had decided to reveal its financial strength in response to speculation that the company could be a takeover target, and to demonstrate it was determined to remain independent.

    When Lagerfeld was first approached by the Wertheimer family, which had created the Chanel fragrance business and its blockbuster No. 5 scent in the 1920s, and took control the fashion house after World War II, it had been more than a decade since the death of its founder, Gabrielle “Coco” Chanel. Chanel’s hallmark tweed bouclé jackets and dresses, once viewed as liberating, by then seemed old-fashioned and bourgeois, and the company was in need of new direction. Lagerfeld was already well-known for the soft and poetic party dresses he had been making at Chloé in the 1970s, which was during the dynamic growth of European ready-to-wear movement for easy-to-wear and less precious clothes. At the same time, Lagerfeld, since he first arrived in Paris, had harboured a burning desire to work in high fashion as a couturier, and Chanel’s established atelier offered that chance.

    “People tend to forget that once upon a time, Chanel was old hat,” Lagerfeld said. “It was only Parisian doctors’ wives who still wore it.” But it was Lagerfeld’s belief that the image could be changed with a sense of humour and a lack of nostalgia, in order to make customers forget everything that had come before.

    “Because fashion is about today,” Lagerfeld said in a 2007 New Yorker profile. “You can take an idea from the past, but, if you do it the way it was, no one wants it.”

    Lagerfeld described his first collections for Chanel as reflecting a modern and “chic-sexy” approach, with longer and thinner proportions, unlike Coco’s boxy-proportioned precedent. For his spring 1984 ready-to-wear show, he re-imagined classic suits and dresses with matching hats — all in denim, and for fall that year he added a hockey uniform worn with pearls and a skiing outfit in gaudy, glittering silver and red. His transformation of the brand would combine elements of the alluring (softly tailored pantsuits and charming white camellias affixed to tweed suits) with the shocking (oversize logos, micro-miniskirts, sequinned running shoes, heels moulded to look like pistols). The phenomenal transformation of Chanel became an industry model for how to turn an aging fashion house into a status symbol as its sales continued to soar. Lagerfeld’s role was so secure there he was contractually considered its “designer for life.”

    “Why should I stop working?” he mused to anyone who dared broach the subject of retirement. “If I do, I’ll die and it’ll be all finished.”

    Karl Lagerfeld was born Karl-Otto Lagerfeldt in Germany, and raised in the countryside near Hamburg, on Sept. 10, 1933, according to most recent biographies and some of his relatives, although Lagerfeld had for many years claimed he had been born in 1938 or 1935. In her 2006 book, “The Beautiful Fall,” which chronicled the heady decadence of fashion in the 1970s, the writer Alicia Drake argued that Lagerfeld had inflated many details of his childhood as part of a self-invention as a German aristocrat upon his arrival in the Paris demimonde. Lagerfeld sued the writer for invasion of privacy, but his case was thrown out of court.

    Lagerfeld, who changed the spelling of his name for commercial reasons, himself frequently joked about the discrepancy of his age, saying his mother, Elisabeth, a trim, stylish violinist who was highly critical of her son in his childhood, had chosen the date because it was easier to write. (As recently as 2013, Lagerfeld told Paris Match that he was born in 1935.) Further confusing matters, his father, Christian Ludwig Otto Lagerfeldt, was the wealthy managing director of a company that distributed condensed milk from the United States, and had moved the family to the countryside to shelter them from the hardships of the war years under Hitler, leaving little reliable evidence from the early years of Karl, an older sister, Martha Christiane, and a half-sister, Thea, from Lagerfeldt’s previous marriage.

    In the end, Lagerfeld described his childhood as a misery. He was a gifted scholar and loved to sketch, thinking he would pursue a career in illustration, but he had few friends and his mother often complained about his looks, telling him he should not smoke because his hands were unattractive, and that his nose was so large he should order curtains for his nostrils. Nevertheless, his parents supported his artistic ambition and sent him to Paris, where Lagerfeld found immediate success in fashion. In 1954, he won a design contest, called the International Woolmark Prize, based on the sketch of a coat he submitted that was produced for the competition by the designer Pierre Balmain. Of particular note, a young Yves Saint Laurent also won that year in the dress category, foreshadowing what would become a lifelong rivalry between the two designers.

    In their younger years, Lagerfeld and Saint Laurent were close friends. Whereas Saint Laurent was the tortured, fragile artiste who ascended to the coveted role of couturier at Christian Dior following Dior’s sudden death in 1957, Lagerfeld was a pragmatic mercenary. After working for three years for Balmain, who had hired him as an assistant, Lagerfeld designed collections for Patou, Chloé, Krizia, Charles Jourdan, Mario Valentino, and, beginning in 1965, Fendi, the Italian fur company where he contributed designs for an astounding 50 years. Fendi’s sales were estimated by analysts at $1.3 billion in 2017, while the company, acquired by LVMH in 2001, has experienced a major street style moment over the last year with its logo-driven FF Reloaded collection. (In January, Silvia Venturini Fendi, creative director of accessories and menswear, paid tribute to Lagerfeld’s contributions to the house with a fall men’s collection inspired by him, including styles he designed.)

    By the 1980s, Lagerfeld was widely known to the public, even as he was just beginning to design under his own name (Saint Laurent had started a signature company that popularised the French concept of ready-to-wear in the 1960s). Lagerfeld’s own label, called at different times Lagerfeld Gallery or Karl Lagerfeld Paris, has existed on and off as a licensing venture through various partnerships, including a high-profile venture with Tommy Hilfiger in 2004 and most recently with G-III Apparel Group in the United States since 2016, though it has always been perceived as a side project for the designer.

    Still, Lagerfeld was the more disciplined of the two when it came to image and self-control; he was cast as an aristocratic German designer in one of Andy Warhol’s more obscure films, the 1973 “L’Amour,” playing up his persona as the ringleader in the absurdist circus of fashion. His personal iconography included tightly fitted blazers over starched white shirts with startlingly tall collars, and skinny jeans – a complete look he perfected in the 1990s, only after undertaking a dramatic diet. He said he lost 92 pounds in order to fit into the prevailing silhouette of the day, a modern rock-and-roll style orchestrated by Hedi Slimane, who was then at Dior Homme. Lagerfeld became so recognisable for this look that he started using his own likeness as a logo on T-shirts, handbags and furry key chains for Fendi.

    While his competition with Saint Laurent intensified throughout their lives, until Saint Laurent’s death in 2008, Lagerfeld’s ultimate success with Chanel gave him immense confidence and enabled him to pursue opportunities that no other designer would dare touch. His 2004 collection for the Swedish retailer H&M was especially risky, given the fate of other luxury brands like Halston that had lost their credibility after making a mass play. Lagerfeld described the one-off collaboration, which included slim blazers and T-shirts emblazoned with a cartoon logo of his face, as “mass elitism, which has long been my dream… It’s the future of modernity.”

    The collection was an enormous hit, selling out in many markets, unleashing all manner of unorthodox designer crossovers to follow, and further fuelling Lagerfeld’s fame. He was also the subject of at least three documentaries, “Lagerfeld Confidential” (2007), “Un Roi seul” (2007), and “Karl Lagerfeld se dessine” (2013), and several books, including a compilation of his quotations, “The World According to Karl,” from Flammarion (2013), and “The Karl Lagerfeld Diet,” a weight-loss book he published with his physician, Jean-Claude Houdret (2002). For many years, Lagerfeld ran his own publishing imprint, 7L, photographed his own advertising campaigns, and directed short films that imagined the life of Coco Chanel and highlighted connections from Chanel’s history to his own work.

    At Chanel, Lagerfeld was given the artistic license and financial resources to acquire the best talent, including his longtime collaborators Virginie Viard, the creative studio director and tipped as a likely internal candidate to succeed him as Chanel’s designer, and Eric Pfrunder, Chanel’s director of image. At Lagerfeld’s urging, the company also embarked on a campaign to acquire many specialised French craft ateliers, like Lesage for embroidery, Lemarié for feathers and artificial flowers, Maison Michel for millinery, and Causse for glove making. Those resources were celebrated with lavish Métiers d’Art fashion shows held in far-flung destinations, including in Edinburgh, Shanghai, Hamburg, and most recently at the Metropolitan Museum of Art in New York City in December, while Chanel’s cruise collections have been staged from Dubai to Havana, Cuba, reflecting Lagerfeld’s approach to making Chanel’s interlocking “CC” mark recognisable around the world.

    “Logos are the Esperanto of marketing, luxury, and business today,” he said.

    Lagerfeld often said that his only love in life was his work. But he showed his softer side near the end of his life by casting his godson, Hudson Kroenig, the older son of the model Brad Kroenig, in his runway shows. He also gleefully promoted his lavishly spoiled cat, a gift from Kroenig, in interviews and on social media. He once said he wished he could marry Choupette, in what was presumably a humorous jab at his own cartoon-like image.

    “There is no secret to life,” Lagerfeld said. “The only secret is work. Get your act together, and also, perhaps, have a decent life. Don’t drink. Don’t smoke. Don’t take drugs. All that helps.”

  • Zara campaign featuring model with freckles sparks debate in China

    Zara campaign featuring model with freckles sparks debate in China

    Spanish fashion retailer Zara appears to have inadvertently sparked off a social media furore over the appearance of freckled Chinese model Jing Wen in one of its recent ads. In China, spots on the face are generally considered blemishes and are associated with disease and old age. Freckles are somewhat rare. In a country where racial homogeneity is a touchstone for beauty, outliers – the bushy eyebrowed, the wavy haired – are unlikely to be considered attractive. In the fashion industry, however, it’s these outliers who tend to have the unique, striking looks that brands prefer for their ambassadors.

    Despite hating her freckles as a child, Guangzhou model Jing Wen eventually learned to accept and capitalise on her point of difference. As a model for such brands as Calvin Klein and H&M, her face has even been called “iconic” by China’s media. Even so, her recent work with Zara has produced an outcry among local netizens who claim the use of the model intentionally “uglifies” the Chinese people.

    A BBC report on the freckled Chinese model quoted some disgruntled users of the Weibo microblog as voicing their anger over the images. “Such pictures featuring an Asian model with freckles and an expressionless pie-shaped face mislead Westerners’ impressions about Asian women,” said one user, “and can lead to racism against Asian women.”

    A spokesperson for Zara interviewed by Pear Video website commented that the advertisements were targeted at their global market, and not specifically at China.

    “The aesthetics of the Spanish people are different,” they said, adding “our models are all photographed purely, the pictures aren’t changed, and they’re not modified.”

    Zara’s response has provoked considerable debate within China on the issue, with some claiming the model has been bullied only by her fellow Chinese, and that more should be done to help China’s people embrace beauty in diversity. Others have called into question the false patriotism of those too eager to mount an attack on foreign brands.

  • Hanoi, HCMC among 20 most expensive cities in Southeast Asia

    Hanoi, HCMC among 20 most expensive cities in Southeast Asia

    A new index puts Hanoi 13th and HCMC 15th on the list of 20 most expensive Southeast Asian cities. The new Cost of Living Index for the region has been compiled by Numbeo.com, the world’s largest database of user contributed data about cities and countries worldwide. According to Numbeo, a person spends on average $447.25 a month in Hanoi exclusive of rent. For a four-person family, this figure would be $1,601. Hanoi’s cost of living ranks 316th among 440 cities in the world.

    Meanwhile, in HCMC, the average monthly expense for a single person excluding rent is $434.94, and $1,562 for a family of four. HCMC ranks 320th out of 440 cities in the world, and is 61.50 percent less expensive than New York.

    This year, Singapore, Southeast Asia’s biggest business hub, remains the most expensive city in the region. The city-state is immediately followed by Bangkok of Thailand. Yangon in Myanmar is in third place, a surprise as the city did not even make the top 30 in mid-2018.

    Many Southeast Asian capitals are featured in the list, with Phnom Penh of Cambodia ranked fifth, Jakarta of Indonesia, 11th, and Manila of the Philippines, 14th.

    Numbeo says that its survey has taken into account several factors including house rents, cost of eating out, and purchasing power needed to live a comfortable life to come with a cost of living index for 20 major cities in Southeast Asia.

  • Smaller duty-free alcohol allowance and GST relief for overseas shopping

    Smaller duty-free alcohol allowance and GST relief for overseas shopping

    From midnight tonight, Singapore duty-free allowances will be cut by about a third for returning travellers. Other allowances have also been reduced. Travellers staying outside of Singapore for fewer than 48 hours will be liable for 7 per cent GST on items bought overseas worth more than SG$100 – down from the previous threshold of $150. For travellers outside the country for a period longer than 48 hours, the $600 threshold will similarly be lowered, to $500.

    The changes were announced yesterday by Finance Minister Heng Swee Keat as part of the nation’s new Budget. From April 1, the alcohol concession will also be lowered from three litres of wine or beer to two litres. The spirits cap remains at one litre.

    According to the Inland Revenue Authority of Singapore and Singapore Customs, the cuts to Singapore duty-free allowances are designed to support the city state’s existing tax intake in the face of increasing international travel.

    Returning travellers are required to declare taxable items on arrival, and have been advised to keep purchase receipts to assist in calculating any taxes due. Advance declaration and payment is available via the Customs @ SG mobile app or web portal. Failure to declare or a false declaration can incur a fine of $10,000 as well as up to a year in prison.

  • 2018 sales of EV doubled in Korea

    2018 sales of EV doubled in Korea

    Hyundai Motor Executive Vice Chairman Chung Eui-sun laid out a plan to develop 44 electric vehicle models (EVs) and sell 1.67 million of the cars by 2025 during his New Year’s message held at the beginning of this year. The goal was a dramatic increase on the 38 models he planned to have by 2025 at the start of 2018. The revised goal is rooted in the fact that EVs are growing at an unprecedented pace in the global auto industry.

    According to U.S. market research firm S&P Global Platts, the number of electric cars sold worldwide exceeded 2 million in 2018 including plug-in hybrids, double the 1 million sold in 2017.

    This achievement came seven years after Tesla rolled out its Model S, opening the era of EVs, and more than two decades since Toyota released the world’s first hybrid, the Prius.

    Among the total number of EV cars sold, battery-electric vehicles sold 1.45 million units last year, followed by plug-in hybrids at 550,000 units.

    The most popular model was Tesla’s Model 3, which started mass production last year. Unlike the Model S and X, which cost over 100 million won ($88,850), the Model 3 was released as a more affordable model with a price tag around 50 to 60 million won. It sold 146,846 units, taking the top spot.

    Four Chinese companies ranked high in the top 10. The EC Series from Beijing Automotive Group ranked second. BYD’s eco-friendly plug-in hybrid, the e5, and JAC Motor’s iEV E/S were also on the list. Among Japanese cars, Nissan’s Leaf placed third while Toyota’s Prius Prime was ninth and Mitsubishi Outlander plug-in hybrid placed 10th.

    Hyundai and Kia both made it to the top 10 list of automakers for the first time. Combined, the two sold 90,860 units last year, taking the eighth spot.

    Tesla sold the most cars, at 245,240, followed by China’s BYD at 229,338. German brands, traditionally strong players in the vehicle market, had BMW at fifth and Volkswagen at ninth.

    Industry analysts project the market for electric cars will expand at an even faster speed. Deloitte, a global consulting firm, expects 4 million EVs to be sold in 2020 and 14 million in 2025. By 2030 it expects EV sales to hit 21 million.

    Considering that 98 million cars are sold worldwide annually, within 20 years one of every five cars purchased will be an EV.

    Experts say that while the United States and China have led the growth of the EV market, that is likely to change in the future.

    Deloitte forecast that cost reductions from technology development will pull down the price of EVs to be on a par with diesel cars by 2022. This means the product sector will gain price competitiveness, no longer relying on government subsidies.

    The market will also get more competitive. Toyota and Volkswagen are both planning to release new electric cars in the near future, with Volkswagen aiming to make 25 percent of the cars it produces EVs by 2025. Its investment in electric cars is already worth 20 billion euros ($2.25 billion).

    According to consulting firm AlixPartners, Volkswagen Group is planning to release 55 EV models by 2022. This accounts for half of all EV models slated for release by then.

    “Government subsidies played a big role in enabling Chinese firms to sell large numbers of EVs, but its finances have hit the limit,” said Kwon Yong-ju, a professor from Kookmin University’s department of automotive & transportation design.

    “With European companies having accumulated technology and capital while waiting for the commercialization of EVs, the future could be quite different from now.”

    “Major countries, like the United States and Europe, have tightened regulations toward environmental pollution more than before,” said Koh Tae-bong, head of research center at Hi Investment & Securities. “For car companies, it is inevitable that they will expand the amount of electric cars they make.”

  • Pandora appoints Alexander Lacik as chief executive officer

    Pandora appoints Alexander Lacik as chief executive officer

    The Board of Directors of Pandora has appointed Alexander Lacik as President and Chief Executive Officer. Mr. Lacik’s strong track-record as a consumer marketer and brand architect will help drive the execution of Programme now and assert Pandora’s position as the world’s largest jewellery brand. He will join Pandora as soon as possible.

    Alexander Lacik (54) brings international experience from growth and brand building in global consumer companies. He joins Pandora from the position as CEO of Britax Ltd., a world leader in child safety products. Prior to this, he was President of North America at RB (Reckitt Benckiser) from 2013-2017 and has held key management positions with the leading global consumer goods company since 2004. Previously, Lacik held positions in sales and marketing with Procter & Gamble from 1992 to 2004.

    At RB, Lacik contributed significantly to the company’s growth turnaround in a competitive global consumer business where brand distinction and brand equity are critical components. He successfully drove strategic brand positioning and above market growth in the group’s largest region with more than USD 3.5 billion in revenue and a full value chain. Lacik has lived and worked in five countries and managed businesses in regions across the world, covering manufacturing, product development, sales, marketing, and retail partnering.

    Peder Tuborgh, Chairman of the Board of Directors says: “I am delighted that we have secured Alexander Lacik as CEO of Pandora. Alexander is a strong match for our recently announced strategic direction and will be instrumental in executing Programme NOW. Alexander is a brilliant marketer and brand architect and has throughout his career shown himself as a great leader and a highly effective executor. His skills and experience will be key to revitalising the Pandora brand.”

    “I am honoured and excited to join Pandora. Pandora is an incredible company that has grown to be the world’s largest jewellery brand at unprecedented speed. I am encouraged by the current direction with a strong focus on brand reignition to restore growth. These are business aspects that I am particularly passionate about, and I look forward to joining and supporting the management team in the execution of Programme NOW”, says Alexander Lacik.

    Following the appointment, The Executive Management team of Pandora will consist of Alexander Lacik (CEO), Anders Boyer (CFO) and Jeremy Schwartz (COO). Until Lacik joins, the joint leadership of Anders Boyer and Jeremy Schwartz will continue unchanged.

  • Coupang, HP Korea sign MOU to strengthen sales

    Coupang, HP Korea sign MOU to strengthen sales

    E-commerce company Coupang said Thursday it signed a memorandum of understanding (MOU) with HP Korea Wednesday to strengthen sales channels for the technology company’s products. Through the agreement, Coupang will directly acquire HP products from the company, providing customers with better deals. HP Korea will also ensure faster delivery times and improve product services. The two companies plan to cooperate on online marketing and advertisements.

    James Lee, Coupang’s senior director, said, “By establishing long-term partnerships, [Coupang] will work harder to expand cooperative businesses.”

    Coupang currently offers a range of HP products, such as its gaming PCs and printers through its fast “rocket delivery” service.

  • Ermenegildo Zegna Opens its Global Flagship Store in New York City

    Ermenegildo Zegna Opens its Global Flagship Store in New York City

    Italian luxury firm Ermenegildo Zegna has launched a new global store in New York. The new three-level 660sqm boutique, designed by prominent architect Peter Marino, is a luxury retail space with a facade composed of metallic threads. The store features a personalisation room on the third floor, offering high-end bespoke clothing fitted by a master tailor.

    A selection of fine leather footwear and other goods, couture collections and sneakers, and luxury leisurewear are also among product lines on sale in store.

    Exclusive to the New York global store is the newly released Taccuino capsule collection, featuring leatherwear goods inspired by Ermenegildo Zegna’s personal notebook and fine calligraphy.

  • Millionaires are showing off their money in a new way

    Millionaires are showing off their money in a new way

    The definition of luxury is evolving, and the change applies to not only what people are spending money on, but how they’re doing it. “In the last few years, we have seen the crystallization of two luxury worlds: one which focuses on an encyclopedic choice of luxury products available at a click; another which is doubling down on the experience mantra,” the global ultra-high-net-worth intelligence firm Wealth-X said in its 2019 handbook, which examines the spending habits and preferences of people whose net worth is between $1 million and $30 million.

    That shift coincides with an era in which people are choosing to display their wealth differently than previous generations did.

    This is an era where brands like Goyard— a two-century-old Parisian company that eschews any type of advertising but represents the pinnacle of luxury for the world’s elite — and investments like education, security, and privacy are the chosen trappings of the world’s wealthiest people.

    Still, luxury fashion is booming, and it partially has to do with how it is consumed.

    Technology has left nearly no industry unchanged, and luxury is no exception.

    “Mass-market principles have worked their way into luxury and are disrupting the market,” Mike Phillips, Wealth-X’s vice president of marketing and communications said. “Now you can be selling something — and there might be only one made — but it’s on an app.”

    Whereas previously the ultimate luxury shopping experience might have included shutting down an entire store for a top spender, that person now has access to the same goods with the increased convenience of an app.

    Phillips said apps and sites like Net-a-Porter, Farfetch, and Moda Operandi that sell designer clothes, shoes, and accessories had capitalized on this trend as a new generation of wealthy shoppers emerges.

    “When it comes to wealthy millennials or Gen Xers, there are still instances where they are seeking an immersive brand experience at a brick-and-mortar store,” Phillips said, “but at other times they may want to avoid that more traditional pomp and circumstance and opt for the ‘Seamless’ option.”

    “Younger generations are less likely to be staunch loyalists to a single brand when compared to their parents and grandparents,” Phillips said. “They’re more likely to try something new if it speaks to their personal values and passions.”

    In this way, experiences may not be outright replacing the role of brands in wealthy people’s lives, but they are augmenting the significance of and consideration that goes into buying a particular brand.

    “More and more,” Phillips said, “the wealthy are evaluating a brand in terms of: What mission does this brand represent? How does it contribute to the greater good … If I choose to purchase this product, what does that say about me and my values?”

    And entire industries are developing or adjusting services to cater to this customer interest too. Wellness is increasingly regarded as a modern embodiment of luxury, and accordingly, an array of spas and studios offering treatments like cryofacials, weeklong retreats, and vitamin IV drips are delivering those experiences.

    Exclusivity and personalization also play important roles in the way luxury experiences are marketed. Customers do not want just any experience — they want a unique one tailored to them.

    Both of those preferences can clearly be seen in the hospitality industry, where high-end hotels are remembering their guests and tweaking their experiences with personalized touches. Other hotels, meanwhile, are fulfilling guests’ appetites for exclusivity by making their most luxurious or expensive rooms “invisible” and available only to well-connected clients who heard about the room by word of mouth.