Saturday, January 14, 2023

L’Oréal makes minority investment in metaverse startup Digital Village

Image: Digital Village Beauty giant L’Oréal has announced a minority investment in metaverse platform and NFT marketplace Digital Village through its venture capital fund, Business Opportunities for L’Oréal Development (BOLD). The investment will be the first of its kind by L’Oréal in the metaverse and Web3 space, as well as the first to be part of its recently launched BOLD’s Female Founders initiative. “As L’Oréal continues to explore and define what beauty means in Web3, we seek to work with the most promising startups who adhere to the highest possible visual and technical standards,” said Camille Kroely, chief metaverse and Web3 officer at L’Oréal, in a release. Kroely added: “We are excited to be partnering with Digital Village, whose solutions will be powerful enablers for our brands and whose ideals of sustainability, accessibility and interoperability in the metaverse or Web3 are ones we share.” Launched in 2021, Digital Village is operated by an international team spanning the US, Europe and Asia, offering scalable technology solutions for the creation and interaction of digital identities. Among its members, it counts founder and CEO Evelyn Mora, who was also behind the creation of Helsinki Fashion Week, as well as top executives from Pangaia and open-world platform The Sandbox. Speaking on the investment, Mora said: "We are excited to be backed by BOLD and look forward to collaborating with L'Oréal to revolutionise the beauty industry through the creation of cutting-edge virtual experiences for L'Oréal's renowned brands. “Together, we are setting the bar for beauty in the metaverse and Web3, pushing the boundaries of what is possible and setting a new standard for the industry to follow.”
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Trendstop SS23 Women’s Accessories

Trendstop brings FashionUnited readers an insight into the key Spring/Summer 2023 accessory trends from international Fashion Month. The new season’s accessory designs cross continents and even universes, reviving the crafts of eras past and a reinventing them for a modern audience. Heritage techniques and creative DIY takes on traditional constructions combine with digital age influences, youthful colorways, and statement silhouettes to create intriguing aesthetic hybrids. Creatively Upcycled Designers give a second life to existing materials and components, creatively upcycling them in to new, expressive accessories. Fabric off-cuts and deadstock materials are pieced and patched into colourful, contrast panel corset belts whilst leather buckled shoe straps are repurposed as DIY earrings. Even discarded waste materials are reused, with graphic printed plastic bags encased in ice to make an environmental statement. Playful Metaverse Accessories Accessories worthy of any avatar combine virtual world unreality with a fun and playful feel. Cartoonish leather companions, alien-esque skull caps and quirkily knitted arm warmers come in youthful, metaverse landscape-inspired shades. Exaggerated forms and augmented reality style adornments create unexpected silhouettes informed by the gaming characters inhabiting digital realms. The Global Statement Piece Traditional world crafts are reinterpreted for the contemporary consumer in a celebration of multicultural outlooks. Exploded wax and batik geo patterned head scarves, exaggerated wound and plaited headpieces and oversized jewellery revive global heritage print, metalwork and weaving techniques whilst creating a bold, statement aesthetic through modern silhouettes and color combinations. Exclusive Offer: FashionUnited readers can get free access to Trendstop’s Spring Summer 2021 Key Jewellery & Softs Directions report. Simply click here to receive your free report. Trendstop.com is one of the world's leading trend forecasting agencies for fashion and creative professionals, renowned for its insightful trend analysis and forecasts. Clients include H&M, Primark, Forever 21, Zalando, Geox, Evisu, Hugo Boss, L'Oreal and MTV.
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Friday, January 13, 2023

Aritzia reports record revenue in Q3 as profits widen

Image: Aritzia, Facebook Canadian womenswear brand Aritzia has reported a 37.8 percent increase in Q3 revenue to 625 million Canadian dollars (around 465 million US dollars), its strongest quarter ever. That was driven by the US market, with revenue up 57.8 percent to 313.5 million Canadian dollars, comprising 50.2 percent of overall revenue. Breaking it down by channel, retail revenue was up 38.6 percent to 423.2 million Canadian dollars, while e-commerce revenue rose 36.1 percent to 201.4 million Canadian dollars. “All geographies and all channels contributed to our better than anticipated results, fueled by a tremendous client response to our collection of beautiful products and our Everyday Luxury experience,” said CEO Jennifer Wong in a statement. Net income for the quarter widened to 70.7 million Canadian dollars from 64.9 million Canadian dollars a year earlier. “Our strong performance has carried into the fourth quarter to date, with client demand balanced across our product assortment,” Wong continued. Looking ahead, she said the company will continue to strategically invest in the infrastructure “that will allow us to execute on our long-term growth plan and beyond”.
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Wednesday, January 11, 2023

Buff, the headwear outfitter, acquires B Corp certification

Image: Buff Original Buff, a headwear and neckwear accessories outfitter based in Barcelona, has acquired B Corp certification. Buff joins the growing list of 6,000 plus companies that are pursuing sustainable business, measuring success not just by financial metrics but also the wellbeing of people, communities and the planet. "From day one, we have been committed to choosing the responsible path with every decision. We are honoured to stand alongside other sustainable organizations leading the global movement for an inclusive, equitable, and regenerative economy," said David Camps, Buff CEO. "It's a proud moment to receive validation for our teams' work to help forge a brighter future. It doesn't end here; we are more excited than ever to push further, build better, and design cleaner." Recognised for prioritising people and the planet in all facets of business, B Corporations must pass a rigorous 360° evaluation to become part of the community of companies striving not only to be the best in the world, but also the best for the world. This evaluation covers five key impact areas of Governance, Workers, Community, Environment and Customers. Image: Buff Buff, a family-owned business, manufactures ninety percent of its products in-house using 100-percent renewable energy. In 2022 year the company reached a milestone of recycling over 41 million plastic water bottles to make its best-selling products. 41 million plastic water bottles recycled The Spanish outfitter also launched a garment-making school to create local job opportunities and give people at risk of social exclusion the skills needed to succeed in a textile manufacturing career. “Our goal is to continually improve and be the best that we can for our consumers, retailers, employees, and the planet,” said Marta Torner, sustainability manager at Buff. “Over the coming years our goal is to further reduce our carbon footprint, with a focus on supply chain and with an interim milestone of becoming carbon neutral in our own operations by 2023.”
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Guerlain launches collaboration with Maison Matisse

Beauty Image: Guerlain via LVMH French beauty house Guerlain has collaborated with Maison Matisse, the legacy company founded by painter Henri Matisse's great grandson, on a limited edition collection based on the late painter’s palette. Guerlain, which is owned by LVMH, said it had a close relationship with art since its inception in 1828. Over the years, generations of Guerlain perfumers have found inspiration in the avant-garde artists of their times to elevate their creations. This connection has grown more tangible since 2005 with the launch Guerlain Haute Parfumerie. “We are extremely fortunate to have Maison Matisse show its trust in us for these new creations. Our partnership is anchored by shared values of excellence, exacting standards and elegance, joined by a mutual love of beauty, nature and art,” says Ann-Caroline Prazan, Guerlain Director of Art, Culture and Heritage. Jean-Matthieu Matisse, founder of Maison Matisse, notes: “My great-grandfather’s works are very multi-sensory, his was a world full of plants and flowers and they became recurring motifs in his work. There are thus myriad compelling connections between his work and the artistry of Guerlain perfume. That’s why we were delighted to embark on this collaboration, especially since we share values, exacting standards, a respect for precision and a love of color. This celebration of happiness is a beautiful initiative and a first for Maison Matisse.” The Exceptional Piece – The Bee Bottle Maison Matisse Edition The Maison Matisse edition of the Bee Bottle is entirely decorated with emblematic motifs inspired by La Musique, a work from the artist created 1939. A fragrance inspired by Matisse’s colours, Jasmin Bonheur, is limited to just 1,000 pieces worldwide. While LVMH does not break down financial figures for its individual houses, its perfume and cosmetics division last year saw revenue of 6.6 billion euros, slightly below pre-pandemic sales when it reported 6.8 billion euros in sales in 2019.
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Boy Meets Girl teams up with Blueberry for digital wearables capsule

Image: Boy Meets Girl; Boy Meets Girl x Blueberry digital wearables for Roblox Digital fashion brand House of Blueberry is teaming up with contemporary streetwear brand Boy Meets Girl on a debut collection of digital wearables for Roblox. The digital collection includes four unisex Boy Meets Girl branded wearables for your avatar, including leggings, a short sleeve and long sleeve tops, and a beanie, all inspired by the brand’s “cool kid” style. The collection will be available for purchase in House of Blueberry’s shopping experience on Roblox and will retail from 65 to 85 Robux, less than 1 US dollar per item. Mishi McDuff, chief executive and founder of House of Blueberry, said in a statement: “We love the mission behind Boy Meets Girl and are excited to bring these iconic looks and style into the metaverse. “We think the iconic Boy Meets Girl branding will really come to life on Roblox and make for a fun, welcoming virtual experience for our community.” Stacy Igel, founder and chief creative officer of Boy Meets Girl added: “As someone who was an early adopter of virtual markets, this was a natural partnership for me. I’m thrilled to bring Boy Meets Girl into the metaverse in collaboration with House of Blueberry. “It is important that while in a digital world, confidence and courage never go out of style. During Covid-19, my son, Dylan, got to learn a lot about virtual worlds and has been teaching me about Roblox. So, you can imagine how excited I am to share this collaboration and how excited he is too.”
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Bed Bath & Beyond report falling sales following bankruptcy warning

Bed Bath & Beyond store, health and beauty section. Image: Bed Bath & Beyond, Facebook Following an initial warning that the company had been weighing bankruptcy, Bed Bath & Beyond published its financial statement for Q3 2022, with a loss in net sales starkly prominent among the results. The lifestyle retailer said its net sales of 1.259 billion dollars declined 33 percent, citing its lower in-stock position and decrease in customer traffic among the causes. Its GAAP Gross Margin was adjusted to 22.8 percent from 22.1 percent, as it continues its clearance activity in line with the discontinuation of its Owned Brands merchandise and increased promotional activity. The company noted it was on track to complete around 150 store closures for the end of fiscal year 2022, with further incremental cost reductions of approximately 80 to 100 million dollars across its corporate spending. Ultimately, its net loss for the quarter included 100.7 million dollars of non-cash impairment charges, while its operating cash flow sat at 307.6 million dollars and its liquidity at 500 million dollars. “Our plan has two anchors…” The report comes after Bed Bath & Beyond issued a troubling business update last week, in which it said it would need more time to complete its quarter-end close procedures and said it would be taking steps to improve cash position. It noted that there was “substantial doubt” about the company’s ability to continue, with it set to consider all strategic alternatives, including restructuring or refinancing its debt, seeking additional debt, reducing business activities, selling assets or other strategic transactions that could include a bankruptcy filing. In the regulatory filing, Sue Gove, president & CEO of Bed Bath & Beyond said, "We have a clear vision for the future of the company. Today's announcement underscores the importance of having initiated a turnaround at the start of the third quarter and why we strengthened our leadership team to execute each step with precision. “Our plan has two anchors: the first enables us to refocus merchandising and inventory, operate more efficiently, and grow our digital and omni-capabilities, and the second focuses on strengthening our financial position. “Transforming an organisation of our size and scale requires time, and we anticipate that each coming quarter will build on our progress."
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Monday, January 9, 2023

Macy's expects inflation and low consumer sentiment to impact holiday quarter sales

Image: Macy's media gallery Macy’s, Inc. expects net sales to be at the low-end to mid-point of the previously issued range of 8,161 dollars to 8,401 million dollars while adjusted diluted earnings per share to be in the previously issued range of 1.47 dollars to 1.67 dollars for the fourth quarter. The company said in a release that on a percentage basis, total end-of-quarter inventories are on track to be slightly below last year and down mid-teens relative to 2019. “Black Friday/Cyber Monday sales were in line with our expectations, while the week leading up to and following Christmas were ahead. However, the lulls of the non-peak holiday weeks were deeper than anticipated,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “Based on current macro-economic indicators and our proprietary credit card data, we believe the consumer will continue to be pressured in 2023, particularly in the first half, and have planned inventory mix and depth of initial buys accordingly,” added Gennette.
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Wednesday, January 4, 2023

Charles Jeffrey Loverboy launches homeware

Image: Charles Jeffrey Loverboy; Photography by Alex Petch @ Traffic Jam In Pictures British fashion label Charles Jeffrey Loverboy has added homeware, with collaborations with artist Nick Cowan and Polish design studio UAU Project. The debut homeware collection, entitled ‘Homeware Creatures’ offers two limited-edition sculptures created with Nick Cowan designed to be used as bookends. The quirky characters are a riff on the familiar feline motif found throughout Charles Jeffrey’s creative universe and have been designed to “stand guard over your book collection like lucky talismans”. There are two designs on offer, a feline head crafted from red jesmonite for 140 pounds and a sitting feline figure made from blue jesmonite for 183 pounds. Image: Charles Jeffrey Loverboy; Photography by Alex Petch @ Traffic Jam and illustrations created by Charles Jeffery In addition, the London-based designer has also teamed up with Polish design studio UAU Project on a range of exclusive 3D printed vases made using plant-based bioplastics. There are four limited-edition vase designs in green/pink, red, yellow and blue hues, each featuring a different Loverboy house motif. The vases can be used on their own or stacked together to form a towering totem. Image: Charles Jeffrey Loverboy; Photography by Alex Petch @ Traffic Jam Highlights include the red Stud Face Vase that takes inspiration from the signature metal studs found on Loverboy waistbands and the Winged Vase with clashing green and pink resembles Charles Jeffrey’s drawings. Vases range in price from 104 to 260 pounds. The Charles Jeffrey Loverboy ‘Homeware Creatures’ are available exclusively on the brand’s website. Image: Charles Jeffrey Loverboy; Photography by Alex Petch @ Traffic Jam and illustrations created by Charles Jeffery Image: Charles Jeffrey Loverboy; Photography by Alex Petch @ Traffic Jam
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Tuesday, January 3, 2023

URW sells Los Angeles-based The Village, reduces US financial exposure

The Village retail park. Image: URW Retail park conglomerate Unibail-Rodamco-Westfield (URW) has completed the sale of its San Fernando Valley location The Village to the Kroenke Organisation, owner of NFL team the Rams. The Los Angeles-based retail park sold for a price of 325 million dollars, reflecting an initial yield of 5.6 percent on the in-place net operating income, and a 10.6 percent discount to the last unaffected appraisal, according to a press release. It adds to a number of recent sales made by the group, including its Promenade development site, located next to The Village, which recently sold for 150 million dollars. URW noted its flagship property in the area, Westfield Topanga, was not part of the deal. It has further sold Westfield Santa Anita and the Palisade residential building, both forming a collective sale price of 775.5 million dollars. The company said it has made 1.1 billion dollars in total proceeds to date from the planned reduction of its financial exposure to the US. Speaking on the most recent move, Fabrice Mouchel, chief financial officer of URW, said: “This transaction is another step in the streamlining of our US regional asset portfolio as part of our wider plan to radically reduce our financial exposure to the US, and demonstrates the continued investor interest in high quality assets with strong operating performance.”
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Monday, January 2, 2023

Top Ten Female Runway Models 2023

Image: Ralph Lauren, Chanel, Louis Vuitton SS23/Catwalk Pictures In Pictures After a few seasons of studio and video presentations, designers took to the runways in 2022 with gusto. The choice of models, hair and make-up artists and stylists all play an important role in a brand’s messaging. Here are ten female fresh faces who appeared in many shows during 2022 and who we can expect to see again in 2023. América González Image: Altuzurra SS23 /Catwalk Pictures Nationality: Venezuelan Agency: Supreme IG handle: Saiyanbride IG Followers: 27K Shows Walked in 2022: 76 Sherry Shi Image: Lanvin SS23 / Catwalk Pictures Nationality: American Agency: IMG New York IG handle: sherryramsayshi IG Followers: 73K Shows Walked in 2022: 74 Yilan Hu Image: Chanel SS23 / Catwalk Pictures Nationality: Chinese Agency: New York Model Management IG handle: yilan_hua IG Followers: 90.5K Shows Walked in 2022: 64 From catwalk to closet Read more about the role fashion weeks play and how they influence fashion.In this extensive background article everything you need to know about fashion trends. Sasha Quenby Image: Jacquemus SS23 / Catwalk Pictures Nationality: British Agency: Women Management, New York IG handle: sachaquenby IG Followers: 11.2K Shows Walked in 2022: 57 Rachel Marx Image: Sacai SS23 / Catwalk Pictures Nationality: German Agency: Women Management, New York IG handle: rachelmarxx IG Followers: 7.5K Shows Walked in 2022: 57 Louise Robert Image: Stella McCartney SS23 / Catwalk Pictures Nationality: Belgian Agency: DNA Models IG handle: louise.robert IG Followers: 14.4K Shows Walked in 2022: 52 Victoria Fawole Image: Louis Vuitton SS23 / Catwalk Pictures Nationality: Nigerian Agency: The Industry, New York IG handle: victoriafawole_ IG Followers: 6K Shows Walked in 2022: 52 Mika Schneider Image: Louis Vuitton SS23 / Catwalk Pictures Nationality: Japanese/French Agency: The Society Management, New York IG handle: mikaschndr IG Followers: 158K Shows Walked in 2022: 52 Felice Nova Noordhoff Image: Ralph Lauren SS23 / Catwalk Pictures Nationality: Dutch Agency: Elite New York City IG handle: felcinova IG Followers: 45K Shows Walked in 2022: 48 He Cong Image: Miu Miu SS23 / Catwalk Pictures Nationality: Chinese Agency: IMG New York IG handle: heconghc IG Followers: 157K Shows Walked in 2022: 46
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Saturday, December 31, 2022

The Perfume Shop sold record 1.8m bottles over Christmas

Image: The Perfume Shop Shopper penchant for olfactory gifting saw The Perfume Shop sell its highest ever number of fragrances this Christmas. The perfume giant said sales of its products soared despite Royal Mail strikes and disruptive weather, with 1.8 million bottles sold between 28 November and 24 December. Sales of gift sets were up 26 percent in the week before Christmas. Bestselling fragrances include Dior Sauvage, Coco Mademoiselle by Chanel and Thierry Mugler’s Alien perfumes. The Perfume Shop is operated by the A.S. Watson Group (ASW) which is owned by the Hong Kong-based CK Hutchison Holding group. ASW is the world’s largest international health and beauty retailer, with a network of approximately 16,300 offline and online retail stores in 28 markets worldwide. The Perfume Shop was founded in 1992 and is the UK’s largest fragrance retailer, operating 215 stores. According to The Times, the retailer’s e-commerce site recorded its busiest day on Sunday, December 11, with online orders up 39 percent compared to last Christmas.
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Dame Vivienne Westwood, Queen of Punk and climate activist, has died age 81

Image: Letters to the Earth, Vivienne Westwood Credit: Tania Hoser Dame Vivienne Westwood, the doyenne of British fashion, pioneer of the punk movement and ardent climate activist, has died aged 81. With a career spanning five decades, Westwood changed fashion forever when she introduced punk in the 1970s and along with partner Malcolm McLaren, who managed the Sex Pistols, opened a store on the Kings Road in London’s Chelsea. From the shredded t-shirts to the bondage and fetishism – studs, leather and zips - there was a cultural wave that was transforming England, and Westwood’s unapologetic designs of the time defined an era that continues to reverberate around the world. In the 1990s it was Anglomania that continued Westwood’s reign. Taking inspiration from the art of the classical, mediaeval and renaissance periods, she designed a Scottish tartan that became synonymous with the brand, spawning into its own diffusion range in the late 90s. In 1997 Westwood opened her London store on Conduit Street, a thoroughfare between Soho and Mayfair, followed by a store in New York in 1999. A new silhouette Westwood broke the mould of generic fashion, creating the brand's recognisable hourglass figure with padded bust and bustle constructed out of a lightweight metal cage. Paired with towering platforms, the image of Naomi Campbell tripping on the catwalk has forever been sealed in the archives of catwalk shows. Other signatures are Westwood’s use of asymmetry, bias cuts and decorative fabrics, where she continued to explore British tailoring and historical dress, but reconstructed clothes in novel ways. As one of the UK’s last independent brands, Ms Westwood used her voice to educate the industry on climate change and sustainability. She was as notorious for her Kings Road Sex shop as she was for her activism and ecological crusading. For the past 20 years Vivienne has supported hundreds of causes, NGOs, grassroot charities and campaigns including Amnesty International, War Child and Liberty, as well as launching her own campaigning movement Climate Revolution. She is also an ambassador for Greenpeace. In 2013 Vivienne designed their official ‘Save the Arctic’ logo and in 2015 she launched a global campaign to stop drilling and industrial fishing in the area. Westwood’s partner Andreas Kronthaler was instrumental to the fashion house in later years, with his name appearing on garments and official notes. “Over the years Andreas has taken on ever more responsibility and I wish this fact to be reflected in public perception,” Vivienne Westwood stated. “We chose to separate our lines in order to clarify and reduce them. Gold Label became Andreas Kronthaler for Vivienne Westwood, while Vivienne designs Vivienne Westwood Mainline, which includes Unisex – a way to reduce buying,” Kronthaler said. The brand took a hiatus from physical shows during the pandemic, but last year opened stores in Beijing and Shanghai. For her last collection, AW2022/23, Quality not quantity, Westwood turned to The Year of the Tiger, to symbolise strength, courage and exorcising evil. “I just use fashion as an excuse to talk about politics. Because I'm a fashion designer, it gives me a voice, which is really good,”
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Friday, December 30, 2022

Asos could face investor rebellion over executive pay

Image: Asos x Nordstrom, New York Asos, which has experienced a challenging year tainted by falling consumer confidence and supply chain disruptions, could be about to face a conflict with shareholders over executive pay. Shareholder advisory service Pirc has recommended investors reject or abstain on more than a third of the 15 motions at the retailer’s upcoming shareholder meeting on January 11, according to a report seen by This is Money. One concern is that Mat Dunn, the company’s CFO who stepped in as CEO on an interim basis following the departure of Nick Beighton in 2021, is set to receive a salary of 567,000 pounds despite the company’s woes. Pirc also described current CEO Jose Ramos’ total potential payout of up to 4.2 million pounds as “excessive”, and recommended shareholders abstain on the re-election of chair Jorgen Lindemann. However, another shareholder adviser, ISS, recommended investors back the retailer’s pay policy, but still added it “raises concerns”. An Asos spokesman told This is Money that pay policies encourage strong performance from the leadership team. Asos has faced a difficult year as falling consumer confidence and supply chain disruptions have hit its top- and bottom lines. In the year to August 31, the company swung to a pre-tax loss of 31.9 million pounds from a profit of 177.1 million pounds a year earlier. A November report by Retail Week claimed Asos was planning to cut over 100 jobs as part of a restructuring plan.
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Thursday, December 29, 2022

Seidensticker invests in capacity planning

Men’s shirts and women’s blouse by Seidensticker. Image: Seidensticker Producing clothes and getting quantities right is a tricky business that has been taking its toll on the environment for decades. Overproduction and full warehouses are common problems that the industry has to deal with, be it on manufacturer, brand or retailer side. Many of them thus downsize order quantities to avoid these issue but may then get below minimum order quantities. German Seidensticker (Overseas) Ltd. is investing in technology to tackle this problem: The vertically-integrated manufacturer of men’s shirts and women’s blouses has teamed up with software provider Coats Digital to allow for smaller, more complex order requests and to reduce the time and cost challenges when meeting customers’ last-minute change requirements. Meeting customer demand changes “Companies that invest wisely in the right digital technologies to plan effectively, optimise operational efficiencies and respond quickly to demand changes will be in a much stronger position to weather the storm, and we very much look forward to supporting Seidensticker’s robust digitisation programme to ensure it consistently retains an ‘ahead-of-the-game’ competitive advantage,” commented Wesley Ekman, senior global sales director at Coats Digital, in a statement. The family-run business found that without good visibility to key planning and workflow data, capacity management and line planning teams did not have the accurate data they needed to seamlessly manage higher quantities of smaller orders that often required style variations that increased complexity. Seidensticker also found it challenging to manage  late customer changes to orders since business-critical data was siloed in multiple sources, which meant teams could not work together from a single source of data, to respond to late order change requests quickly and effectively. Tackling faster, shorter and more complex orders “With higher basic cost-to-make outgoings and raw material costs industry-wide, as well as increasing requests for faster, shorter and more complex orders, we needed a solution that would provide total visibility to global capacity planning and workflow processes so we could make business-critical decisions quickly and ensure early discovery of potential delivery challenges to enable us to action these fast and effectively,” explained Peter Tornow, managing director of Seidensticker (Overseas) Ltd. Seidensticker has adopted Coats Digital’s FastReactPlan to provide full visibility of its capacity planning and critical path, which involves supporting four own factories with a 2,300-strong workforce in Vietnam, Indonesia and Bangladesh, which produce 420,000 Seidensticker-branded garments a month. In addition, there are five partner factories that provide garments for other brands, producing between 550,000 and 800,000 pieces a month. The company generates an annual turnover of 145 million US dollars and is headquartered in Bielefeld, Germany and has its Asian headquarters in Hong Kong. “We expect the implementation of FastReactPlan to significantly improve production efficiencies, increase on-time delivery performance and reduce workloads, as well as reduce last-minute firefighting for our planning teams across the whole business”, added Tornow.
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