Island Surf Company Credits: American Exchange Group
American Exchange Group has acquired Island Surf Company, a footwear brand synonymous with coastal comfort and style.
Founded in 2008, Island Surf Company utilises proprietary technologies to economically create products with superior comfort, performance, and support. These technologies include lightweight recovery foam, shock-absorbing return energy cushioning, a contoured footbed for cradled support, water-resistant vegan-friendly durable leather alternatives, and a lightweight draining system that lets water freely flow out. The brand's range of men's, women's, and kids' footwear is offered at an accessible price point.
Commenting on the acquisition, Alen Mamrout, CEO of American Exchange Group said: "The synergy between White Mountain and Island Surf Company will allow us to broaden the brand's reach and transform it into a complete lifestyle brand."
The company said in a release that Island Surf Company will become a division of White Mountain Footwear, a brand that American Exchange acquired in January 2023. Island Surf Company will benefit from White Mountain's established infrastructure, sourcing capabilities, retail partners and decades-long expertise in the industry.
Joe O'Brien, the current CEO of Island Surf Company, will continue to lead the brand, ensuring continuity and fostering collaborative opportunities with White Mountain Footwear.
"We are excited to join forces with the American Exchange Group. This acquisition marks a new chapter for Island Surf Company, allowing us to expand our footprint and bring our coastal-inspired footwear to a broader audience,” added Joe O'Brien.
http://dlvr.it/T9PScd
Women shirts & amp; Pajamas and versatile Fashion of Amazon and Alibaba., fashion, Facebook,youtube, instagram, tweeter and google
Wednesday, July 10, 2024
About You maintains outlook after positive Q1
Toni Garrn co-created by About You Credits: About You
European ecommerce platform About You improved its adjusted EBITDA to 15 million euros and its EBITDA to 9.1 million euros in the first quarter.
Revenue growth for the quarter was 2.2 percent to 518.3 million euros and contributed to the increase in the adjusted EBITDA margin to 2.9 percent.
Despite a volatile market environment, the About You Group continues to expect revenue growth in the range of 1 percent to 10 percent in FY 2024/2025.
"As we celebrate our tenth anniversary, we are proud to have strengthened our margin and liquidity through efficiency gains and cost control. Investments in marketing and technology across both our business units will be the catalyst for accelerating our Group revenue growth going forward," says Tarek Müller, About You Group's co-founder and co-CEO in a statement.
The company said that with optimised inventories and a lower discount intensity, the gross margin rose to 43.2 percent in the first quarter.
In Germany, Austria, and Switzerland (DACH segment), revenue grew by 1.6 percent to 252.7 million euros, with positive growth rates in Germany. All other European markets (Rest of Europe segment, RoE segment) achieved a 2.3 percent growth in revenue to 234.1 million euros in the first quarter.
The average order value increased by 6.7 percent to 58.5 euros per order in the last twelve months, with an average order frequency of 3.1 orders per customer.
The revenue growth combined with an increased gross margin and improved fulfilment and administrative cost-to-revenue ratios, is expected to lead to adjusted EBITDA between 10 million euros and 30 million euros.
The company’s management board anticipates double-digit growth rates for the group from FY 2025/2026 onwards.
http://dlvr.it/T9PS7s
European ecommerce platform About You improved its adjusted EBITDA to 15 million euros and its EBITDA to 9.1 million euros in the first quarter.
Revenue growth for the quarter was 2.2 percent to 518.3 million euros and contributed to the increase in the adjusted EBITDA margin to 2.9 percent.
Despite a volatile market environment, the About You Group continues to expect revenue growth in the range of 1 percent to 10 percent in FY 2024/2025.
"As we celebrate our tenth anniversary, we are proud to have strengthened our margin and liquidity through efficiency gains and cost control. Investments in marketing and technology across both our business units will be the catalyst for accelerating our Group revenue growth going forward," says Tarek Müller, About You Group's co-founder and co-CEO in a statement.
The company said that with optimised inventories and a lower discount intensity, the gross margin rose to 43.2 percent in the first quarter.
In Germany, Austria, and Switzerland (DACH segment), revenue grew by 1.6 percent to 252.7 million euros, with positive growth rates in Germany. All other European markets (Rest of Europe segment, RoE segment) achieved a 2.3 percent growth in revenue to 234.1 million euros in the first quarter.
The average order value increased by 6.7 percent to 58.5 euros per order in the last twelve months, with an average order frequency of 3.1 orders per customer.
The revenue growth combined with an increased gross margin and improved fulfilment and administrative cost-to-revenue ratios, is expected to lead to adjusted EBITDA between 10 million euros and 30 million euros.
The company’s management board anticipates double-digit growth rates for the group from FY 2025/2026 onwards.
http://dlvr.it/T9PS7s
Can a 250-billion-euro ‘Circularity Fund’ make Shein circular?
Find your Shein Style. Credits: Shein.
It may seem strange indeed to hear ultra-fast fashion giant Shein boasting of circularity measures: The company has launched a new 200 million euros “Circularity Fund” in the EU and the UK plus a further 50 million euros for “broader ESG measures”, planning to invest a total of 250 million euros in circularity over the next five years. However, as the lead investor, the Singapore-based company will also invite global corporates, financial institutions and sovereign wealth funds to contribute capital to the fund as well.
“Shein invests in initiatives that enable European and UK brands, designers and artisans to grow their businesses online and beyond. The leading Circularity Fund will invest in start-ups and other businesses in the EU and UK that are driving circular solutions,” states a press release issued on Tuesday afternoon.
Specifically, the fund will allow more European and UK artists and designers to join the Shein X design incubator programme, which enables emerging designers to commercialise their designs by working with Shein on production, marketing and logistics. Support will also be given to European and UK companies to enter Shein's marketplace platform.
New fund builds on existing programmes
The Circularity Fund will build on Shein's existing programmes to promote research, development and innovation in the circular economy and is intended to support start-ups and companies across Europe and the UK in developing next-generation technologies and solutions.
The Group cites innovations in the field of recycled materials, such as textile-to-textile recycling, as an example. It will also enter into purchase agreements or commercial partnerships with experienced start-ups that already have production capacity for recycled textile-to-textile materials or new preferred fibres.
“As a global leader in our industry, Shein has both the responsibility and the opportunity to accelerate innovation that can improve the fashion industry's environmental footprint. The Circularity Fund builds on our support for entrepreneurs and companies at the forefront of innovation in circular initiatives. The focus is on supporting entrepreneurship and innovation in the EU and the UK, where some of the most inspiring activity in this area is taking place,” commented Donald Tang, CEO of the Shein Group, in the press release.
“In addition to funding early-stage start-ups exploring new technologies, we also plan to invest in more experienced start-ups that have commercialised their innovations and are ready to scale up. Given its scale and reach, Shein can be a catalyst for the broad adoption of these solutions in the industry,” Tang added.
The company also highlights its existing sustainability efforts, which the Circularity Fund is intended to support: A partnership with New York-based data marketer Queen of Raw, for example, to purchase surplus fabric or deadstock from other brands to be used in the production of new Shein garments.
Shein also mentioned the increased use of cool-transfer denim printing technology at its supplier base, that uses highly fixative inks instead of conventional indigo colours, thus using "significantly less" water. Another example is a research collaboration with academic institutions launched last year that will explore how chemical recycling can achieve the commercially scalable production of recycled polyester fibres. According to Shein, this research has already produced experimental recycled polyester material.
Overall, the fund barely disguises what Shein is aiming for: To further tap the lucrative European and UK market and its design talent pool. Instead of cutting back on production and ceasing to drive consumption with ever more readily available styles, the clothing giant wants to ease consumer conscience by having them believe they are buying items made from circular materials. However, until one hundred percent textile recycling is possible, these measures will remain just a band-aid on the gaping fast fashion wound.
Also read:
* Shein responds to accusations made against it during 2023
* Why Shein is aiming for an IPO in London and not New York
* Amnesty International: 'Possible Shein IPO raises human rights concerns’
* Shein in focus as France fights back against fast fashion’
* Shein will soon be bigger than H&M and Zara
http://dlvr.it/T9P7X6
It may seem strange indeed to hear ultra-fast fashion giant Shein boasting of circularity measures: The company has launched a new 200 million euros “Circularity Fund” in the EU and the UK plus a further 50 million euros for “broader ESG measures”, planning to invest a total of 250 million euros in circularity over the next five years. However, as the lead investor, the Singapore-based company will also invite global corporates, financial institutions and sovereign wealth funds to contribute capital to the fund as well.
“Shein invests in initiatives that enable European and UK brands, designers and artisans to grow their businesses online and beyond. The leading Circularity Fund will invest in start-ups and other businesses in the EU and UK that are driving circular solutions,” states a press release issued on Tuesday afternoon.
Specifically, the fund will allow more European and UK artists and designers to join the Shein X design incubator programme, which enables emerging designers to commercialise their designs by working with Shein on production, marketing and logistics. Support will also be given to European and UK companies to enter Shein's marketplace platform.
New fund builds on existing programmes
The Circularity Fund will build on Shein's existing programmes to promote research, development and innovation in the circular economy and is intended to support start-ups and companies across Europe and the UK in developing next-generation technologies and solutions.
The Group cites innovations in the field of recycled materials, such as textile-to-textile recycling, as an example. It will also enter into purchase agreements or commercial partnerships with experienced start-ups that already have production capacity for recycled textile-to-textile materials or new preferred fibres.
“As a global leader in our industry, Shein has both the responsibility and the opportunity to accelerate innovation that can improve the fashion industry's environmental footprint. The Circularity Fund builds on our support for entrepreneurs and companies at the forefront of innovation in circular initiatives. The focus is on supporting entrepreneurship and innovation in the EU and the UK, where some of the most inspiring activity in this area is taking place,” commented Donald Tang, CEO of the Shein Group, in the press release.
“In addition to funding early-stage start-ups exploring new technologies, we also plan to invest in more experienced start-ups that have commercialised their innovations and are ready to scale up. Given its scale and reach, Shein can be a catalyst for the broad adoption of these solutions in the industry,” Tang added.
The company also highlights its existing sustainability efforts, which the Circularity Fund is intended to support: A partnership with New York-based data marketer Queen of Raw, for example, to purchase surplus fabric or deadstock from other brands to be used in the production of new Shein garments.
Shein also mentioned the increased use of cool-transfer denim printing technology at its supplier base, that uses highly fixative inks instead of conventional indigo colours, thus using "significantly less" water. Another example is a research collaboration with academic institutions launched last year that will explore how chemical recycling can achieve the commercially scalable production of recycled polyester fibres. According to Shein, this research has already produced experimental recycled polyester material.
Overall, the fund barely disguises what Shein is aiming for: To further tap the lucrative European and UK market and its design talent pool. Instead of cutting back on production and ceasing to drive consumption with ever more readily available styles, the clothing giant wants to ease consumer conscience by having them believe they are buying items made from circular materials. However, until one hundred percent textile recycling is possible, these measures will remain just a band-aid on the gaping fast fashion wound.
Also read:
* Shein responds to accusations made against it during 2023
* Why Shein is aiming for an IPO in London and not New York
* Amnesty International: 'Possible Shein IPO raises human rights concerns’
* Shein in focus as France fights back against fast fashion’
* Shein will soon be bigger than H&M and Zara
http://dlvr.it/T9P7X6
Vestiaire Collective, Isabel Marant Vintage and Faume launch pop-up webshop for second hand fashion
Isabel Marant shop in Dubai, image for illustration. Credits: Isabel Marant
A new collaboration in luxury resale: Vestiaire Collective, Isabel Marant and French e-commerce service Faume are launching an online shop for second hand fashion items, US B2B fashion platform WWD reported. The website will be available to customers worldwide.
The second-hand fashion items are reportedly "carefully selected", some by the eponymous designer Isabel Marant herself. Customers can buy clothes and accessories from Isabel Marant's Marant Etoile line, "including 15 catwalk looks from the past decade", according to WWD. Prices range from 15 dollars (13.80 euros) to 1000 dollars (924.50 euros).
"We are delighted to partner with Vestiaire Collective to offer our customers an exclusive selection of pre-loved pieces," Marant told WWD in a statement.
She went on to say: "This initiative is in line with our commitment to sustainability and ensures that our fashion can make new owners happy for many years to come, what I like to call the ecology of clothing."
The new collaboration is a continuation of the Isabel Marant Vintage initiative, which was launched in 2021 in collaboration with Faume.
This article was originally published on FashionUnited.NL. Translation and edit from Dutch into English by Veerle Versteeg.
http://dlvr.it/T9P7FX
A new collaboration in luxury resale: Vestiaire Collective, Isabel Marant and French e-commerce service Faume are launching an online shop for second hand fashion items, US B2B fashion platform WWD reported. The website will be available to customers worldwide.
The second-hand fashion items are reportedly "carefully selected", some by the eponymous designer Isabel Marant herself. Customers can buy clothes and accessories from Isabel Marant's Marant Etoile line, "including 15 catwalk looks from the past decade", according to WWD. Prices range from 15 dollars (13.80 euros) to 1000 dollars (924.50 euros).
"We are delighted to partner with Vestiaire Collective to offer our customers an exclusive selection of pre-loved pieces," Marant told WWD in a statement.
She went on to say: "This initiative is in line with our commitment to sustainability and ensures that our fashion can make new owners happy for many years to come, what I like to call the ecology of clothing."
The new collaboration is a continuation of the Isabel Marant Vintage initiative, which was launched in 2021 in collaboration with Faume.
This article was originally published on FashionUnited.NL. Translation and edit from Dutch into English by Veerle Versteeg.
http://dlvr.it/T9P7FX
Tuesday, July 9, 2024
Dear Frances unveils debut handbag collection
Dear Frances debut handbag collection Credits: Dear Frances
Dear Frances, the luxury British footwear label behind the cult mesh Balla flats, has added handbags to its offering for the first time.
The debut handbag collection, described as a “testament to timeless design and directional Italian craftsmanship,” is the result of an 18-month collaboration with “one of Italy’s finest factories” and aims to offer the same directional minimalism from its footwear collections.
Dear Frances debut handbag collection Credits: Dear Frances
The collection features six silhouettes, the ‘Arturo’ box bag, ‘Gio’ small tote, ‘Como’ medium tote, ‘Mari’ small crossbody, ‘Celo’ medium crossbody and the multi-faceted ‘Dante’ weave bucket bag, crafted in black calf leather and hand-pleated Nappa leather.
Designed to exude “quiet confidence and minimalist luxury,” each style has been crafted with a considered function with hidden magnetic closures, buttery leather linings and understated hardware to offer “day to evening versatility with an ease of elegance”.
Dear Frances debut handbag collection Credits: Dear Frances
Commenting on the category expansion, Jane Frances, founder and creative director of Dear Frances, said in a statement: “Expanding into handbags feels like a natural progression for Dear Frances at this moment, we’re thrilled to create silhouettes that can be worn season after season and that feel and look better with time.
“We strongly believe in reverting back to quality, long-lasting styles. This collection is a reflection of that vision, and we can’t wait to share it.”
The debut line of handbags is available directly from its website with prices ranging from 495 to 1,250 pounds.
Dear Frances debut handbag collection Credits: Dear Frances
http://dlvr.it/T9Mjt2
Dear Frances, the luxury British footwear label behind the cult mesh Balla flats, has added handbags to its offering for the first time.
The debut handbag collection, described as a “testament to timeless design and directional Italian craftsmanship,” is the result of an 18-month collaboration with “one of Italy’s finest factories” and aims to offer the same directional minimalism from its footwear collections.
Dear Frances debut handbag collection Credits: Dear Frances
The collection features six silhouettes, the ‘Arturo’ box bag, ‘Gio’ small tote, ‘Como’ medium tote, ‘Mari’ small crossbody, ‘Celo’ medium crossbody and the multi-faceted ‘Dante’ weave bucket bag, crafted in black calf leather and hand-pleated Nappa leather.
Designed to exude “quiet confidence and minimalist luxury,” each style has been crafted with a considered function with hidden magnetic closures, buttery leather linings and understated hardware to offer “day to evening versatility with an ease of elegance”.
Dear Frances debut handbag collection Credits: Dear Frances
Commenting on the category expansion, Jane Frances, founder and creative director of Dear Frances, said in a statement: “Expanding into handbags feels like a natural progression for Dear Frances at this moment, we’re thrilled to create silhouettes that can be worn season after season and that feel and look better with time.
“We strongly believe in reverting back to quality, long-lasting styles. This collection is a reflection of that vision, and we can’t wait to share it.”
The debut line of handbags is available directly from its website with prices ranging from 495 to 1,250 pounds.
Dear Frances debut handbag collection Credits: Dear Frances
http://dlvr.it/T9Mjt2
Following merger, Saks COO steps down for helm position at Voomi
Saks Fifth Avenue Beverly Hills Facade Credits: Peter Christiansen Valli for Saks Fifth Avenue
Days after the merging of the Neiman Marcus and Saks businesses, the latter has already waved goodbye to one of its top executives. RJ Cilley, the former chief operating officer of Saks Fifth Avenue, has stepped down from the luxury retailer to become chief executive officer for HVAC supplier Voomi Supply.
His departure comes after serving for 12 years at Saks’ parent group Hudson’s Bay Company (HBC), which he first joined as a senior analyst.
In 2018, Cilley became chief digital officer for HBC, overseeing the company’s retail portfolio that further includes Saks Off Fifth and Hudson’s Bay, before taking on the role of COO for Saks Fifth Avenue in 2021.
Cilley announced his departure in a LinkedIn post, where he thanked many of the individuals he had worked alongside before stating: “A new chapter has begun that I am very excited about. I am doing something very different but also something similar. I look forward to sharing the news and also plugging new roles that I am recruiting for.”
Cilley added that he was looking forward to “rooting from the sidelines for Saks Global”, a newly formed division created as part of HBC’s takeover of the Neiman Marcus Group (NMG), in which the groups’ portfolio of luxury retail and real estate will be merged.
HBC’s acquisition of NMG comes after a lengthy negotiation period, following which the duo finally settled on a transaction valued at 2.56 billion dollars.
http://dlvr.it/T9M278
Days after the merging of the Neiman Marcus and Saks businesses, the latter has already waved goodbye to one of its top executives. RJ Cilley, the former chief operating officer of Saks Fifth Avenue, has stepped down from the luxury retailer to become chief executive officer for HVAC supplier Voomi Supply.
His departure comes after serving for 12 years at Saks’ parent group Hudson’s Bay Company (HBC), which he first joined as a senior analyst.
In 2018, Cilley became chief digital officer for HBC, overseeing the company’s retail portfolio that further includes Saks Off Fifth and Hudson’s Bay, before taking on the role of COO for Saks Fifth Avenue in 2021.
Cilley announced his departure in a LinkedIn post, where he thanked many of the individuals he had worked alongside before stating: “A new chapter has begun that I am very excited about. I am doing something very different but also something similar. I look forward to sharing the news and also plugging new roles that I am recruiting for.”
Cilley added that he was looking forward to “rooting from the sidelines for Saks Global”, a newly formed division created as part of HBC’s takeover of the Neiman Marcus Group (NMG), in which the groups’ portfolio of luxury retail and real estate will be merged.
HBC’s acquisition of NMG comes after a lengthy negotiation period, following which the duo finally settled on a transaction valued at 2.56 billion dollars.
http://dlvr.it/T9M278
Kinnevik's NAV declines by 4.7 percent in Q2
Kinnevik headquarters Credits: Kinnevik
Kinnevik’s net asset value of 39.3 billion Swedish krona or 140 Swedish krona per share, was down 2.3 billion Swedish krona or 4.7 percent in the second quarter.
The company said that NAV decreased 8.4 billion Swedish krona or 16 percent compared to the second quarter of 2023, when adjusting for the 6.4 billion Swedish krona extraordinary cash distribution.
Effective July 9, 2024, the company appointed Christian Scherrer and Akhil Chainwala as new members of Kinnevik’s management team. Mattias Andersson, general counsel decided to leave Kinnevik, while Andreas Bernström, senior investment director transitioned into the role as operating partner.
“We continue to pursue further, and in part opportunistic, investments in the companies where we hold a long-term strong conviction and can take advantage of our strong cash position and ability to invest for the long run, and see our capital reallocation intensifying during H2 2024,” said Georgi Ganev, CEO of Kinnevik in a statement.
In the second quarter, the company completed the second step of the divestment of its full shareholding in Tele2 to Iliad/NJJ, encompassing 9.391 million Swedish krona in sales proceeds. The company added that the third and remaining step of the transaction representing 637 million Swedish krona in sales proceeds, adjusted for 23 million of dividends received, is expected to be completed during the third quarter of 2024.
The AGM, held on June 3, 2024, resolved on an extraordinary cash distribution of 23 Swedish krona per share or 6.4 billion Swedish krona in total.
Kinnevik acquired 177 million Swedish krona in secondary shares in Cityblock, and participated in the 200 million dollars private placement in Recursion, adding to the company’s investments in Mews and Pleo during the first quarter.
The company invested 598 million Swedish krona in the second quarter, of which 177 million into Cityblock. 198 million Swedish krona was invested into Oda in the second quarter, financing that was committed in connection with the company’s merger with Mathem.
http://dlvr.it/T9M1qp
Kinnevik’s net asset value of 39.3 billion Swedish krona or 140 Swedish krona per share, was down 2.3 billion Swedish krona or 4.7 percent in the second quarter.
The company said that NAV decreased 8.4 billion Swedish krona or 16 percent compared to the second quarter of 2023, when adjusting for the 6.4 billion Swedish krona extraordinary cash distribution.
Effective July 9, 2024, the company appointed Christian Scherrer and Akhil Chainwala as new members of Kinnevik’s management team. Mattias Andersson, general counsel decided to leave Kinnevik, while Andreas Bernström, senior investment director transitioned into the role as operating partner.
“We continue to pursue further, and in part opportunistic, investments in the companies where we hold a long-term strong conviction and can take advantage of our strong cash position and ability to invest for the long run, and see our capital reallocation intensifying during H2 2024,” said Georgi Ganev, CEO of Kinnevik in a statement.
In the second quarter, the company completed the second step of the divestment of its full shareholding in Tele2 to Iliad/NJJ, encompassing 9.391 million Swedish krona in sales proceeds. The company added that the third and remaining step of the transaction representing 637 million Swedish krona in sales proceeds, adjusted for 23 million of dividends received, is expected to be completed during the third quarter of 2024.
The AGM, held on June 3, 2024, resolved on an extraordinary cash distribution of 23 Swedish krona per share or 6.4 billion Swedish krona in total.
Kinnevik acquired 177 million Swedish krona in secondary shares in Cityblock, and participated in the 200 million dollars private placement in Recursion, adding to the company’s investments in Mews and Pleo during the first quarter.
The company invested 598 million Swedish krona in the second quarter, of which 177 million into Cityblock. 198 million Swedish krona was invested into Oda in the second quarter, financing that was committed in connection with the company’s merger with Mathem.
http://dlvr.it/T9M1qp
Lindex Group names Henrik Henriksson as CFO
Henrik Henriksson Credits: Lindex Group
Lindex Group, owner of two fashion brands Lindex and Stockmann, has appointed Henrik Henriksson as the company’s new chief financial officer (CFO) and a member of the group management team.
In addition to his role as group CFO, the company said in a release, Henriksson will also act as the Lindex division’s CFO. He will take up his new position on September 1, 2024, reporting to the group CEO Susanne Ehnbåge and will be based in Sweden.
"Henrik’s solid experience in finance, retail and fashion, combined with his extensive global background, will serve as an excellent basis for accelerating sustainable and profitable growth while increasing Lindex Group’s shareholder value,” said Susanne Ehnbåge commenting on the new CFO appointment.
Prior to Lindex Group, Henriksson worked as CFO of Eton Shirts AB and in several financial leadership positions in H&M Group in Sweden, the UK and the US. The company added that in a financial career of almost 25 years, he has held senior leadership positions for about 20 years.
“I’m excited to be part of Lindex Group – a company with two very strong brands, Lindex and Stockmann, clear strategic and financial targets and a very convincing sustainability agenda. In addition, the Lindex Group team has proved its ability to improve the profitability and to deliver its strategy,” added Henriksson.
The company further said that Lindex Group’s current CFO Annelie Forsberg will continue working at the group until the end of August 2024.
http://dlvr.it/T9LhDh
Lindex Group, owner of two fashion brands Lindex and Stockmann, has appointed Henrik Henriksson as the company’s new chief financial officer (CFO) and a member of the group management team.
In addition to his role as group CFO, the company said in a release, Henriksson will also act as the Lindex division’s CFO. He will take up his new position on September 1, 2024, reporting to the group CEO Susanne Ehnbåge and will be based in Sweden.
"Henrik’s solid experience in finance, retail and fashion, combined with his extensive global background, will serve as an excellent basis for accelerating sustainable and profitable growth while increasing Lindex Group’s shareholder value,” said Susanne Ehnbåge commenting on the new CFO appointment.
Prior to Lindex Group, Henriksson worked as CFO of Eton Shirts AB and in several financial leadership positions in H&M Group in Sweden, the UK and the US. The company added that in a financial career of almost 25 years, he has held senior leadership positions for about 20 years.
“I’m excited to be part of Lindex Group – a company with two very strong brands, Lindex and Stockmann, clear strategic and financial targets and a very convincing sustainability agenda. In addition, the Lindex Group team has proved its ability to improve the profitability and to deliver its strategy,” added Henriksson.
The company further said that Lindex Group’s current CFO Annelie Forsberg will continue working at the group until the end of August 2024.
http://dlvr.it/T9LhDh
Monday, July 8, 2024
David Beckham opens eyewear pop-up in Selfridges
David Beckham wearing 1160S 40G style at Wimbledon Credits: Eyewear by David Beckham / Safilo SPA
Former footballer David Beckham and eyewear specialist Safilo SPA have opened a pop-up in Selfridges as part of the department store’s ‘Sportopia,’ summer of sports.
The Eyewear by David Beckham pop-up is open until September 13. It showcases the brand’s summer collection and five key autumn/winter 2024 sun styles chosen for perfectly representing the Selfridges customer.
In a statement, Safilo said the pop-up has been designed to “appeal to a broad audience,” and offers Beckham’s timeless designs alongside his fashion silhouettes.
Exclusive shades in the pop-up include the wrap-around mask shape DB99 visor sunglasses inspired by his passion for motorcycles, the DB 7127/S contemporary square frames styles, and the modern rounded DB 1160/S sunglasses crafted in ultralight slim acetate.
http://dlvr.it/T9K8tB
Former footballer David Beckham and eyewear specialist Safilo SPA have opened a pop-up in Selfridges as part of the department store’s ‘Sportopia,’ summer of sports.
The Eyewear by David Beckham pop-up is open until September 13. It showcases the brand’s summer collection and five key autumn/winter 2024 sun styles chosen for perfectly representing the Selfridges customer.
In a statement, Safilo said the pop-up has been designed to “appeal to a broad audience,” and offers Beckham’s timeless designs alongside his fashion silhouettes.
Exclusive shades in the pop-up include the wrap-around mask shape DB99 visor sunglasses inspired by his passion for motorcycles, the DB 7127/S contemporary square frames styles, and the modern rounded DB 1160/S sunglasses crafted in ultralight slim acetate.
http://dlvr.it/T9K8tB
Jay-Z joins as investor to watch marketplace Wristcheck
Jay-Z becomes an investor for Wristcheck. Credits: Wristcheck.
Rapper-turned-entrepreneur Jay-Z has joined the team of watch marketplace Wristcheck as an investor to the business.
The 24-time Grammy winner, who is himself a “watch aficionado”, was dubbed a long-time “inspiration” by the company’s founder and CEO, Austen Chu, having helped fuel Chu’s love for watches through the bridging of the accessory with pop culture.
In the announcement, in which no details of investor terms have been disclosed, Chu said: “As the most influential celebrity watch collector of the 21st century and a certified GOAT [Greatest Of All Time, ed.], his support carries immense weight both personally and professionally.
“It’s a testament to the trust and community we’ve built, and marks a major milestone in cementing Wristcheck as the go-to platform for watch enthusiasts worldwide.”
Chu highlighted Jay-Z’s work at his record label Roc Nation, which he said “perfectly aligns with what [he] is building here at Wristcheck” where his mission is to “shape the watch world of tomorrow”.
Founded in late 2020, the platform, which serves as a marketplace for buying, selling and learning about watches, also looks to merge pop culture with its own values, striving for the overarching goal of creating a safe and accessible community for those interested in the accessory.
Jay-Z’s involvement in the company builds on past investments, including a pre-series A funding, that amount to around 13.6 million dollars to date.
http://dlvr.it/T9K8NL
Rapper-turned-entrepreneur Jay-Z has joined the team of watch marketplace Wristcheck as an investor to the business.
The 24-time Grammy winner, who is himself a “watch aficionado”, was dubbed a long-time “inspiration” by the company’s founder and CEO, Austen Chu, having helped fuel Chu’s love for watches through the bridging of the accessory with pop culture.
In the announcement, in which no details of investor terms have been disclosed, Chu said: “As the most influential celebrity watch collector of the 21st century and a certified GOAT [Greatest Of All Time, ed.], his support carries immense weight both personally and professionally.
“It’s a testament to the trust and community we’ve built, and marks a major milestone in cementing Wristcheck as the go-to platform for watch enthusiasts worldwide.”
Chu highlighted Jay-Z’s work at his record label Roc Nation, which he said “perfectly aligns with what [he] is building here at Wristcheck” where his mission is to “shape the watch world of tomorrow”.
Founded in late 2020, the platform, which serves as a marketplace for buying, selling and learning about watches, also looks to merge pop culture with its own values, striving for the overarching goal of creating a safe and accessible community for those interested in the accessory.
Jay-Z’s involvement in the company builds on past investments, including a pre-series A funding, that amount to around 13.6 million dollars to date.
http://dlvr.it/T9K8NL
Monday, June 24, 2024
Jagermeister launches collaboration with Santa Cruz
Jagermeister x Santa Cruz collection Credits: Jagermeister
In Pictures
German spirit brand Jägermeister has launched a “strictly limited” capsule collection in collaboration with Californian skate-culture icon Santa Cruz Skateboards.
The Jagermeister x Santa Cruz collection takes inspiration from the 90s and the rebellion of the era’s skate scene and features the official release of a once bootleg design which the now chief executive of Santa Cruz, Jeff Kendall, once designed out of his love for Jägermeister.
Jagermeister x Santa Cruz collection Credits: Jagermeister
The collection revives the cult board design, created riffing off the iconic horned Jägermeister stag and blackletter typography, alongside limited-edition matching T-shirts in black and olive green.
Sven Schindler, head of global brand and digital marketing at Mast-Jägermeister SE, said in a statement: “With Jeff Kendall, we have the consummate skating professional at our side. He’s a long-time fan of the Jägermeister brand and the board he designed on a whim over 30 years ago is something we can now revive and reissue together.”
The limited pieces are available in selected Jägermeister online shops and direct from Santa Cruz, ranging from 39.99 pounds for the T-shirts to 109.99 pounds for the skateboard.
Jagermeister x Santa Cruz collection Credits: Jagermeister
http://dlvr.it/T8hRLg
In Pictures
German spirit brand Jägermeister has launched a “strictly limited” capsule collection in collaboration with Californian skate-culture icon Santa Cruz Skateboards.
The Jagermeister x Santa Cruz collection takes inspiration from the 90s and the rebellion of the era’s skate scene and features the official release of a once bootleg design which the now chief executive of Santa Cruz, Jeff Kendall, once designed out of his love for Jägermeister.
Jagermeister x Santa Cruz collection Credits: Jagermeister
The collection revives the cult board design, created riffing off the iconic horned Jägermeister stag and blackletter typography, alongside limited-edition matching T-shirts in black and olive green.
Sven Schindler, head of global brand and digital marketing at Mast-Jägermeister SE, said in a statement: “With Jeff Kendall, we have the consummate skating professional at our side. He’s a long-time fan of the Jägermeister brand and the board he designed on a whim over 30 years ago is something we can now revive and reissue together.”
The limited pieces are available in selected Jägermeister online shops and direct from Santa Cruz, ranging from 39.99 pounds for the T-shirts to 109.99 pounds for the skateboard.
Jagermeister x Santa Cruz collection Credits: Jagermeister
http://dlvr.it/T8hRLg
THG sees strong H1 trading, partners with Frasers Group
Coggles Credits: Facebook/Coggles
THG Group has announced the company made further progress in the first six months of 2024 in line with previous revenue guidance, and the second quarter is expected to represent the third consecutive quarter of year-on-year revenue growth.
The company said in a statement that the performance is underpinned by positive trading within the beauty, external ingenuity and offline nutrition businesses, which have helped offset continuing FX headwinds within Asia.
The company added that THG and Frasers Group have decided to form a partnership across several areas.
THG’s business segments witness positive mometum
THG Beauty witnessed the positive momentum from the fourth quarter of 2023 continue into the first half of 2024 with a strong recovery in beauty manufacturing following the prior year industry destocking.The segment reported a 45 percent increase in app downloads and increase in loyalty programme membership.
THG Nutrition progressed with rebranding across the Myprotein range with 80 percent of products by online revenue planned to be under new branding by the end of the third quarter of 2024.
THG Ingenuity momentum continued to strengthen, underpinned by an acceleration of third party revenue growth in the second quarter and 30 percent monthly recurring revenue.
THG partners with Frasers Group
THG Ingenuity and Frasers have entered a multi-year Ingenuity agreement including courier management services and re-platforming the Frasers Group's Australian fulfilment and logistics operations.
Commenting on the partnership with THG, Michael Murray, CEO of Frasers Group said: "Today we are pleased to announce a new strategic partnership with THG, which includes launching our consumer credit and loyalty proposition, Frasers Plus across the THG Ingenuity platform. This is an exciting step towards our Frasers Plus ambitions as we look to expand its offering across additional third-party platforms."
Frasers Group's credit and loyalty platform, Frasers Plus, is now integrated into Ingenuity's checkout and will soon be available to both THG's Beauty and Nutrition customers, as well as to Ingenuity clients.
A curated range of Myprotein products will be launched in-store at Sports Direct, including the Hyrox x Myprotein range.
THG has agreed to sell its portfolio of luxury goods websites, including Coggles.com, to the Frasers Group. THG's 11 year old luxury division grew to 43 million pounds in sales and broadly break-even for FY 2023.
"We are delighted to be partnering with Frasers Group across a broad range of initiatives, in particular bringing Frasers Plus to consumers shopping with Ingenuity clients, as well as to our own retail sites including Lookfantastic, Cult Beauty and Myprotein. Our luxury brand portfolio including Coggles has grown from a standing start eleven years ago, and we are eager to watch it develop further as an Ingenuity client," added Matthew Moulding, CEO of THG.
http://dlvr.it/T8h6BD
THG Group has announced the company made further progress in the first six months of 2024 in line with previous revenue guidance, and the second quarter is expected to represent the third consecutive quarter of year-on-year revenue growth.
The company said in a statement that the performance is underpinned by positive trading within the beauty, external ingenuity and offline nutrition businesses, which have helped offset continuing FX headwinds within Asia.
The company added that THG and Frasers Group have decided to form a partnership across several areas.
THG’s business segments witness positive mometum
THG Beauty witnessed the positive momentum from the fourth quarter of 2023 continue into the first half of 2024 with a strong recovery in beauty manufacturing following the prior year industry destocking.The segment reported a 45 percent increase in app downloads and increase in loyalty programme membership.
THG Nutrition progressed with rebranding across the Myprotein range with 80 percent of products by online revenue planned to be under new branding by the end of the third quarter of 2024.
THG Ingenuity momentum continued to strengthen, underpinned by an acceleration of third party revenue growth in the second quarter and 30 percent monthly recurring revenue.
THG partners with Frasers Group
THG Ingenuity and Frasers have entered a multi-year Ingenuity agreement including courier management services and re-platforming the Frasers Group's Australian fulfilment and logistics operations.
Commenting on the partnership with THG, Michael Murray, CEO of Frasers Group said: "Today we are pleased to announce a new strategic partnership with THG, which includes launching our consumer credit and loyalty proposition, Frasers Plus across the THG Ingenuity platform. This is an exciting step towards our Frasers Plus ambitions as we look to expand its offering across additional third-party platforms."
Frasers Group's credit and loyalty platform, Frasers Plus, is now integrated into Ingenuity's checkout and will soon be available to both THG's Beauty and Nutrition customers, as well as to Ingenuity clients.
A curated range of Myprotein products will be launched in-store at Sports Direct, including the Hyrox x Myprotein range.
THG has agreed to sell its portfolio of luxury goods websites, including Coggles.com, to the Frasers Group. THG's 11 year old luxury division grew to 43 million pounds in sales and broadly break-even for FY 2023.
"We are delighted to be partnering with Frasers Group across a broad range of initiatives, in particular bringing Frasers Plus to consumers shopping with Ingenuity clients, as well as to our own retail sites including Lookfantastic, Cult Beauty and Myprotein. Our luxury brand portfolio including Coggles has grown from a standing start eleven years ago, and we are eager to watch it develop further as an Ingenuity client," added Matthew Moulding, CEO of THG.
http://dlvr.it/T8h6BD
From the grocery store to the gondola: Men’s SS25 street style takes on many forms
SS25 street style trends from London, Milan and Paris. Credits: ©Launchmetrics/spotlight
The menswear fashion week season has officially wrapped up, making way for Haute Couture Week, which officially begins today at an unusually earlier date in light of the upcoming Olympics. Alas, festivities in Paris appeared, from an outsider’s perspective, remarkably uninterrupted, as the impression of the city’s men’s fashion week would have us believe.
The same could be said for competing fashion cities, London and Milan, with all three collectively drawing in typically bustling and star-studded crowds that took over their streets for a two week period. Here are some of the core accessory trends that came out of the SS25 season’s bountiful fashion congregation.
Bags: Grocery store chic and the mini retains its title
In the way of handbags, there were certainly some striking choices. Yet it was the impossibly miniature bag that managed to maintain its crown as reigning bag of choice, a title it has continued to hold season-after-season at this point. An update for SS25, however, came in the inclusion of similarly statement-making straps, for which beading was a primary material of choice. A sense of personalisation was further evident in heavily customised bags. From teddy bears to Trollz to unicorns, there were no limits to the choice of keychains, or amount.
Departing from the overabundance to the more simple, alas similarly surprising, was the appearance of what could only be described as “grocery” bags. These, however, were not your usual grab-and-go totes. While some adorned eye-catching prints, others seemingly descended from luxury brands themselves. One attendee, for example, appeared to be dragging what looked like a baguette –literally– bag with Fendi’s logo emblazoned on the front.
SS25 street style trends. Credits: ©Launchmetrics/spotlight.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Scarves: From French à la mode to contemporary Babushka
Scarves cemented their presence in two principal uses. One was that of the cravat, a classic necktie look styled using either silky, vintage-look square scarves or traditional bandanas that neatly framed the neck. Another look placed the scarf at the front and centre of whole outfits. Reminiscent of a Russian Babushka, many attendees took to draping larger scarves over their head and tying them at the chin. The style has already been favoured by celebrities, namely the trend-setting Hailey Bieber, yet its prominence at each of the men’s fashion weeks only reaffirms its return to relevance.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Trappings: Animalistic add-ons and tech-centric styling
Aside from their prints, a more literal take on animals was of clear influence to fashion week attendees. While many of these furry –or sometimes reptilian– friends popped up in bag form outside of JW Anderson’s show –notably the designer has taken to releasing such designs as part of his latest collections– they also materialised at other shows, making this bizarre trend a regular occurrence. Elsewhere, there were more practical approaches to accessorising. In the seeming pursuit of easy-to-access necessities, and in place of a bag, men attached their most useful items –keys, lighters, USBs or even pens– to belt loops, reaffirming this practical streetwear trend.
Of course, for many, fashion week calls for a more on-duty attitude to dress. In this sense, small tech items became accessories in themselves. Those out on the street, models but also street style photographers, became the muse of their peers, many loaded up with differing camera types, bulky headphones and, in some cases, trusty Kindles.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Hats: Gondolier-esque and return of the beret
As always, hats played an imperative role in the realm of the menswear wardrobe. Reflecting the curiously unstable weather, which has been unpredictably jumping from frosty evenings to scorching days, headwear also presented a sense of erraticity. While some took to woven hats in straw-like materials, many reminiscent of Venetian gondoliers, others –notably most located in the much colder London– opted for oversized fluffy trapper hats, a handful taking on overexaggerated proportions.
A more subtle hat choice was that of the beret, which returned to the menswear closet as a means of tying an outfit together. The beret’s presence wasn’t only limited to its home turf of France, however. The classically Parisian design could also be spotted on the streets of Milan and London, where attendees arranged the piece to take on varying silhouettes, sometimes personalising the item with adornments like badges.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Sunglasses: Streamline shades contrast bug-eyes
There was also not one way in which sunglasses were explored. Volumes for these accessories conflicted with one another per attendee, yet there were still some silhouettes that withstood the trend test. Streamlined sportswear-like glasses, for example, received a fashionable refurbishment: some with bright colours, others with puffy frames.
On the less practical front, bug-eyed sunglasses were popular across both male and female attendees. The oversized shape was typically constructed with wide-set frames. There was also a colour that secured its place at the top of the fashion food chain: bright white. The hue could largely be spotted in sleek cat eye frames, but continued to crop up throughout the fashion weeks in an array of formats.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
http://dlvr.it/T8h5y9
The menswear fashion week season has officially wrapped up, making way for Haute Couture Week, which officially begins today at an unusually earlier date in light of the upcoming Olympics. Alas, festivities in Paris appeared, from an outsider’s perspective, remarkably uninterrupted, as the impression of the city’s men’s fashion week would have us believe.
The same could be said for competing fashion cities, London and Milan, with all three collectively drawing in typically bustling and star-studded crowds that took over their streets for a two week period. Here are some of the core accessory trends that came out of the SS25 season’s bountiful fashion congregation.
Bags: Grocery store chic and the mini retains its title
In the way of handbags, there were certainly some striking choices. Yet it was the impossibly miniature bag that managed to maintain its crown as reigning bag of choice, a title it has continued to hold season-after-season at this point. An update for SS25, however, came in the inclusion of similarly statement-making straps, for which beading was a primary material of choice. A sense of personalisation was further evident in heavily customised bags. From teddy bears to Trollz to unicorns, there were no limits to the choice of keychains, or amount.
Departing from the overabundance to the more simple, alas similarly surprising, was the appearance of what could only be described as “grocery” bags. These, however, were not your usual grab-and-go totes. While some adorned eye-catching prints, others seemingly descended from luxury brands themselves. One attendee, for example, appeared to be dragging what looked like a baguette –literally– bag with Fendi’s logo emblazoned on the front.
SS25 street style trends. Credits: ©Launchmetrics/spotlight.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Scarves: From French à la mode to contemporary Babushka
Scarves cemented their presence in two principal uses. One was that of the cravat, a classic necktie look styled using either silky, vintage-look square scarves or traditional bandanas that neatly framed the neck. Another look placed the scarf at the front and centre of whole outfits. Reminiscent of a Russian Babushka, many attendees took to draping larger scarves over their head and tying them at the chin. The style has already been favoured by celebrities, namely the trend-setting Hailey Bieber, yet its prominence at each of the men’s fashion weeks only reaffirms its return to relevance.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Trappings: Animalistic add-ons and tech-centric styling
Aside from their prints, a more literal take on animals was of clear influence to fashion week attendees. While many of these furry –or sometimes reptilian– friends popped up in bag form outside of JW Anderson’s show –notably the designer has taken to releasing such designs as part of his latest collections– they also materialised at other shows, making this bizarre trend a regular occurrence. Elsewhere, there were more practical approaches to accessorising. In the seeming pursuit of easy-to-access necessities, and in place of a bag, men attached their most useful items –keys, lighters, USBs or even pens– to belt loops, reaffirming this practical streetwear trend.
Of course, for many, fashion week calls for a more on-duty attitude to dress. In this sense, small tech items became accessories in themselves. Those out on the street, models but also street style photographers, became the muse of their peers, many loaded up with differing camera types, bulky headphones and, in some cases, trusty Kindles.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Hats: Gondolier-esque and return of the beret
As always, hats played an imperative role in the realm of the menswear wardrobe. Reflecting the curiously unstable weather, which has been unpredictably jumping from frosty evenings to scorching days, headwear also presented a sense of erraticity. While some took to woven hats in straw-like materials, many reminiscent of Venetian gondoliers, others –notably most located in the much colder London– opted for oversized fluffy trapper hats, a handful taking on overexaggerated proportions.
A more subtle hat choice was that of the beret, which returned to the menswear closet as a means of tying an outfit together. The beret’s presence wasn’t only limited to its home turf of France, however. The classically Parisian design could also be spotted on the streets of Milan and London, where attendees arranged the piece to take on varying silhouettes, sometimes personalising the item with adornments like badges.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
Sunglasses: Streamline shades contrast bug-eyes
There was also not one way in which sunglasses were explored. Volumes for these accessories conflicted with one another per attendee, yet there were still some silhouettes that withstood the trend test. Streamlined sportswear-like glasses, for example, received a fashionable refurbishment: some with bright colours, others with puffy frames.
On the less practical front, bug-eyed sunglasses were popular across both male and female attendees. The oversized shape was typically constructed with wide-set frames. There was also a colour that secured its place at the top of the fashion food chain: bright white. The hue could largely be spotted in sleek cat eye frames, but continued to crop up throughout the fashion weeks in an array of formats.
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
SS25 street style trends. Credits: ©Launchmetrics/spotlight
http://dlvr.it/T8h5y9
15th edition of HGH India to present 2,500 innovative home products
14th edition of HGH India Credits: HGH India
HGH India, bi-annual trade show for home textiles, home décor, home furniture, houseware & gifts, is all set to commence its 15th edition, from July 2 to July 5, 2024 at Bombay Exhibition Center, Mumbai.
HGH India has been working with the home improvement sector for over a decade now. It is the only trade show which is designed to connect the Indian and global home product brands and manufacturers with the Indian domestic market. The show provides comprehensive sourcing solutions to retailers, distributors, importers, architects, interior designers and institutional buyers, keeping upcoming design trends in focus.
Spread over 50,000 sq. mtrs. across four halls, the exhibitors are classified in key categories like home textiles & furnishings, home décor, home furniture and houseware & gifts.
This edition will witness the unveiling of almost 2,500 innovative products by leading brands and manufacturers. Around 700 Indian and international brands & manufacturers from 32 countries will be showcasing their range directly or through their Indian partners. There will also be new exhibitors from Germany, Hong Kong, Malaysia, Russia and Ukraine showing their range of home furniture, wallpaper, home décor, houseware and interior products.
From India alone 120 new exhibitors will present their range of furnishing fabrics, bed & bath, made-ups, decorative accessories, home furniture, handicrafts, cookware, houseware, gifts and much more for the first time.
Special focus areas like World of Sleep, Home Furniture and Smart Kitchen will highlight product trends in these categories.
http://dlvr.it/T8h5kz
HGH India, bi-annual trade show for home textiles, home décor, home furniture, houseware & gifts, is all set to commence its 15th edition, from July 2 to July 5, 2024 at Bombay Exhibition Center, Mumbai.
HGH India has been working with the home improvement sector for over a decade now. It is the only trade show which is designed to connect the Indian and global home product brands and manufacturers with the Indian domestic market. The show provides comprehensive sourcing solutions to retailers, distributors, importers, architects, interior designers and institutional buyers, keeping upcoming design trends in focus.
Spread over 50,000 sq. mtrs. across four halls, the exhibitors are classified in key categories like home textiles & furnishings, home décor, home furniture and houseware & gifts.
This edition will witness the unveiling of almost 2,500 innovative products by leading brands and manufacturers. Around 700 Indian and international brands & manufacturers from 32 countries will be showcasing their range directly or through their Indian partners. There will also be new exhibitors from Germany, Hong Kong, Malaysia, Russia and Ukraine showing their range of home furniture, wallpaper, home décor, houseware and interior products.
From India alone 120 new exhibitors will present their range of furnishing fabrics, bed & bath, made-ups, decorative accessories, home furniture, handicrafts, cookware, houseware, gifts and much more for the first time.
Special focus areas like World of Sleep, Home Furniture and Smart Kitchen will highlight product trends in these categories.
http://dlvr.it/T8h5kz
Myer proposes strategic merger with Premier’s apparel business
Myer store Credits: Facebook/Myer
Myer Holdings has approached Premier to explore a potential combination with its Apparel Brands business to create one of the leading retail and apparel companies across Australia and New Zealand.
Apparel Brands is a leading clothing business with a portfolio comprising the Just Jeans, Jay Jays, Portmans, Jacqui E, and Dotti brands. It has a retail network of 717 stores across Australia and New Zealand, generating revenues of 845 million Australian dollars in FY23.
Commenting on the proposition, Myer executive chair, Olivia Wirth, said in a statement: “As part of the strategic review, Myer is exploring both organic and inorganic investment opportunities that align with our strategic focus areas to create value for Myer shareholders. It quickly became clear that the idea of a combination of Myer and Apparel Brands offered significant potential synergies and prospects for growth, evidently warranting further examination.”
Under the proposed combination, Myer would acquire Premier’s Apparel Brands business in exchange for the issue of new shares in Myer to Premier. After the proposed transaction, Premier shareholders would become Myer shareholders directly.
Myer has decided to retain ownership of its current brand portfolio, which includes brands Sass & Bide, Marcs and David Lawrence.
http://dlvr.it/T8h5X7
Myer Holdings has approached Premier to explore a potential combination with its Apparel Brands business to create one of the leading retail and apparel companies across Australia and New Zealand.
Apparel Brands is a leading clothing business with a portfolio comprising the Just Jeans, Jay Jays, Portmans, Jacqui E, and Dotti brands. It has a retail network of 717 stores across Australia and New Zealand, generating revenues of 845 million Australian dollars in FY23.
Commenting on the proposition, Myer executive chair, Olivia Wirth, said in a statement: “As part of the strategic review, Myer is exploring both organic and inorganic investment opportunities that align with our strategic focus areas to create value for Myer shareholders. It quickly became clear that the idea of a combination of Myer and Apparel Brands offered significant potential synergies and prospects for growth, evidently warranting further examination.”
Under the proposed combination, Myer would acquire Premier’s Apparel Brands business in exchange for the issue of new shares in Myer to Premier. After the proposed transaction, Premier shareholders would become Myer shareholders directly.
Myer has decided to retain ownership of its current brand portfolio, which includes brands Sass & Bide, Marcs and David Lawrence.
http://dlvr.it/T8h5X7
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